Insider trades

Insider trades: For the week ending Feb 5, Asia Insider noted that buying stayed low a second week,

Insider purchases: 10 companies saw 23 purchases worth $2.5m, vs. 9 firms 19 transactions worth $3.06m the week prior

Insider sales: Nil sales vs. a company making two disposals worth $0.04m the previous week.

Buybacks: Three firms made 13 repurchases worth $0.456m, vs. six companies, 20 buybacks worth $1.63m the week before.

Notable transactions:

Lian Beng: Bought 397,000 shares from 2-5 Feb at average of $0.44 each. The trades, which made 7% of the stock’s trading volume, were made on the back of a 17% share price drop since Oct ’15. The group previously acquired 3.8m shares from 3 Aug to 22 Sept at $0.52 average.

M1: Chairman Choo Chiau Beng recorded his first on-market trade since Jun ’15, with 100,000 shares purchased on 29 Jan at $2.32 each. The acquisition was made on the back of a 29% share price drop since Jul ’15.

Suntec REIT: BlackRock bought 811,000 units of Suntec REIT at $1.53. This was done on the back of a 12% drop in unit price since May ’15.

City Developments: Aberdeen bought 534,000 shares at $6.97, increasing its deemed holdings to 9.01% of issued capital. This was made on the back of a 17% drop in share price since Oct ’15.

Petra Foods: Aberdeen became a substantial holder for the third time since Nov 2012, purchasing a million shares at $2.20each, boosting its stake to 5.15% of issued capital. The filing was made on the back of a 47% decline in share price since Sep ’14.