Insider trades

Insider trades: Asia Insider notes that insider buying picked up for the week ending 19 Feb.

Insider purchases: 16 companies saw 30 purchases worth $6m, vs. 8 companies 11 acquisitions worth $1.3m the week before.

Insider selling: A single disposal worth $0.072m, vs. nil sales the week prior.

Buybacks: 16 companies made 52 repurchases worth $18.9m, vs. four corporates, 11 trades worth $3.3m the previous week.

Notable transactions:
Karin Technologies: Bought back for the first time since Jun ’15 with 627,000 shares purchased at average of $0.275 each between 15-18 Feb. The trades accounted for 73% of the stock’s trading volume and were made on the back of a 20% drop in share price since Nov.

M1: Maiden buyback with 241,000 shares purchased on 19 Feb at $2.50. The trade was made on the back of a 34% drop in share price since Feb. To recap, Chairman Choo Chiau Beng bought 100,000 shares at $2.32 each on 29 Jan, which doubled his direct holdings to 0.02% of issued capital.

SingTel: Bought back 313,000 shares on 17 Feb at $3.75 each, on the back of a 10.5% share price drop since Jul ’15. The group previously acquired 1.8m shares from Feb-May ’15 at average of $4.25/share.

Asiaphos: CEO Ong Hian Eng recorded bought 440,000 shares between 16-17 at average of $0.096/share. This was made on the back of a 15% drop in share price since Aug ’15.