sino grandness - undervalued stock

CEO Huang bought 50,000 shares @ $1.095.

At a time when strong displays of confidence are required, he managed an insipid effort by buying just 50 lots. Surely, he could have scooped up 500,000 shares.

There could be reasons why 50k and not 500k.

Token buying by insiders can be detrimental if there is no follow through when price drops further? The same goes to companies with share buy back mandate but do not use it even if the share price drops to ridiculously low level. Sometimes they just buy small quantity without follow through even when price drops much further. Most annoying is when they have loads of cash.

Two positive reports this morning from Maybank Kim Eng and UOB Kay Hian . Result: the stock is on the rise. Up 7 cents now.

Asdew Acquisitions bought 1,756,000 shares yesterday for S$1,868,735.20.

Average price $1.064.

Total holding: 7.27% (21,354,000 shares)

CEO Huang bought another small slice of 50,000 shares today.