Insider trading

Insider trading: Asia Insider notes that buying remained low for a third week while there were no sales by directors for a second week based on the holiday-shortened week ending 12 Feb.

Insider buying: Eight companies saw 11 purchases worth $1.3m, vs. 10 corporates, 23 transactions worth $2.51m the week prior.

Buybacks: Four companies made 11 repurchases worth $3.32m, vs. three firms making 13 transactions worth $460,000 the week before.

Notable transactions:
Lian Beng: Repurchased 397,000 shares between 2-5 Feb, and a further 99,000 shares on 12 Feb at average of $0.44/share. The trades were made on the back of a 17% drop in share price since Oct ‘15

SGX: Bought back 450,000 shares at average of $6.81 each, on the back of an 11% share price drop since Nov. The trades accounted for 5% of trading volume.

OSIM: Chairman & CEO Ron Sim resumed buying back after the stock rebounded by 21% from $0.775 on 21 Jan with 777,000 shares purchased on 5 Feb at $0.94 each.

ComfortDelgro: Capital Group Companies recorded its first sale since becoming a substantial shareholder in Feb ’15. It disposed 1.55m shares at $2.80 each. This reduced its deemed holdings to 5.95% of issued capital. The filing was made on the back of a 11% drop in share price since Nov ’15.