Insider Trades

Insider Trades: Asia Insider notes that director activity rebounded, although buyers outweigh sellers in the holiday shortened week ending 13 Nov.

Purchases: 9 companies saw 14 transactions worth $7.9m, vs. seven firms, 17 purchases worth $0.77m the week before.

Sales: Three firms saw seven disposals worth $0.61m, vs one disposal worth $0.68 the week prior.

Buybacks: 11 firms had 35 repurchases worth $7.53m, vs seven firms, 13 transactions worth $9m.

Notable transactions:
Trek 2000: Resumed buybacks with 42,000 shares purchased at 31¢, after announcing a 27.6% drop in 3Q15 earnings. The buybacks were also done on the back of a 12% drop in share price since 29 Oct.

Valuetronics: First buyback since 2008 with 100,000 shares bought at 42.5¢, on the back of a 21% rebound in share price since 35¢ in Aug. The buyback was done after an 11.3% drop in 2QFY16 earnings to HK$32.2m

PACC Offshore: Bought 600,000 shares at average of 34.1¢, accounting for 30% of the stock’s trading volume. This was on the back of a 16% drop in share price since October. The buyback prices were sharply lower than the IPO price of $1.15

Parkway Life REIT: Independent director Tan Bong Lin made his maiden on-market trade since the REIT’s 2007 listing, with 80,000 units sold on 12 Nov at $2.31, on the back of a 16% drop in unit price since May ’13.
Biosensors: UBS Group AG emerged as a substantial shareholder on 5 Nov following the purchase of 3.89m shares at 81¢ each, with deemed holdings of 5.09% of issued capital. The filing was made on the back of a 25% rebound in share price since Aug.