Insider trades

Insider trades: Asia Insider notes that directors bought shares amid the weak market for the week ending 15 Jan.

Insider purchases: 20 companies saw 56 purchases worth $11.74m, vs. 20 companies, 47 acquisitions worth $4.94m the week before.

Insider selling: 4 companies saw 6 disposals worth $3.17m, vs. 1 company 2 transactions worth $3.9m the previous week.

Buybacks: 30 companies made 98 buybacks worth $29.2m, vs. 29 firms, 95 trades and $30.7m the week prior.

Notable transactions:

BreadTalk: Last repurchased shares in Aug ‘15, the baked goods retailer bought back 20,000 shares on 11 Jan at $1.10 each. The trade was made on the back of an 11% drop in share price since Oct ’15.

Global Palm Resources: Resumed buybacks at lower prices with 305,000 shares purchased at an average of $0.243. The group previously acquired 1.22m shares from Jan-Oct ’15 at average of $0.35.

Raffles Education: Resumed repurchases at lower prices, with 4.673m shares bought at average of $0.25. The trades accounted for 80% of the stock’s trading volume, made on the back of a 15% share price drop since Oct. The group previously acquired 15.77m shares from Aug-Oct at average of $0.282.

Sembcorp Marine: Recorded its lowest purchase price since starting its buyback programme in 2008, with 100,000 shares purchased at $1.52. This was made on the back of a 19% share price slump since Dec.

Silverlake Axis: Repurchased 8.05m shares at average of $0.617. The trades made up 36% of the stock’s trading volume, and was made on the back of a 13% drop in share price since Nov. The group previously acquired 27.7m shares from Aug-Oct at $0.56.

Dutech: Executive chairman and CEO Johnny Liu sold his entire direct holdings of 650,000 shares at average of $0.266. Separately, he has deemed interest of 42.76%. The transaction was made on the back of a 13% drop in share price since Feb ’15.