Insider Trades

Insider Trades: Asia Insider notes that for the week ending 22 Jan, insider buying remained strong albeit at a slower pace. Buying/buyback activity were concentrated on stocks which saw their prices fall.

Insider purchases: 30 companies saw 71 acquisitions worth $7.1m, vs. 20 firms, 56 purchases down from $11.7m the week before.

Insider selling: Nil sales, vs. 4 companies, 6 disposals worth $3.17m the week prior.

Buybacks: 26 companies posted 83 repurchases worth $18.8m, vs. 30 firms, 103 transactions worth $29.6m the previous week.

Notable transactions:
DBS: Resumed buying back with 1.9m shares purchased from 7-18 Jan at $14.95 average. The group previously acquired 500,000 shares from 10-14 Dec at average of $16.38 and 12.5m shares from Feb to Oct last year at average of $19.02. The stock closed at $13.87 on Friday.

Super: Picking up where it left off in Nov, picking up 600,000 shares at $0.72 average, accounting for 18% of the stock’s trading volume. Asia Insider reminds that Matthews International Capital Management disposed 358,000 shares at $0.82 each, paring its stake to 5.97% of issued capital. In fact, the fund manager’s stake has fell 10% since Aug ’15.

Wing Tai: Resuming from Dec buybacks, acquiring 2.59m shares at an average of $1.62. This accounted for 43% of the stock’s trading volume, made on the back 9% drop in share price since Dec.

China Everbright Water: There were buybacks, as well as purchases by vice-chairman Chen Dawei and independent director Paul Lim Yu Neng with total 88.13m shares purchased at $0.494 each. These trades accounted for 43% of the stock’s trading volume.