Buyer No. of shares bought Date(s) Stock price (July 26 Monday start) Stock price (July 30 Friday end)
VENTURE CORPORATION Aberdeen Asset Management 198,000 July 23 $9.45 $9.15
GREAT GROUP Weng Wenju (executive director) 376,000   July 26 26.5 c 28 c
8 TELECOM Company share buyback 100,000 + 160,000 + 50,000 July 27, 28, 29 18 c 18 c


Kestrel Capital Partners 39.2 m + 30.101 m + 16.064 m July 23, 26, 27 9 c 13.5 c
OSIM INTERNATIONAL Company share buyback 1.124 m + 1.653 m + 902,000 + 100,000 July 26, 27, 28, 29 $1.02 $1.06

With the 2Q results season having just got under way, the number of company share buybacks has fallen sharply owing to a blackout period prior to the release of the results.

Osim International (market cap: S$749 million), having just released a good set of results, has gotten back to buying its shares in great earnest. Last week, it bought back 3.779 million shares.

The stock closed up 4 cents for the week to $1.06. What a long way up it has come from a mere 5 cents back in Dec 2008!

For more, read:  OSIM, OCEANUS: What analysts now say....

8Telecom is expected to make further gains from property development.

8 Telecom (market cap: S$86 million) has also resumed buying back its shares, chalking up 310,000 shares last week.

However, director Yu Chunxiang had sold all his 1 million shareholding in the previous week via a married deal. Conventional wisdom holds that an insider may sell his shares for any good reason but he buys for only one reason - he expects the stock price to go up.

8 Telecom's business has been doing well. In the first quarter of this year, 8Telecom’s net profit shot up 73% to RMB6.5 million.

It has started to reap gains from the appreciation of property it bought years ago while its core business continues to thrive - it manufactures and installs telecom pipes and towers, a clear beneficiary of strong demand for 3G infrastructure.

Recent story: 8TELECOM strikes gold in China's urbanization

Over at Great Group (market cap: $74 million), its executive director, Weng Wenju, continued to buy shares of the company last week. He had owned nothing prior to May 19 this year but now owns 1.808 million shares.

The stock closed last week at 28 cents, still below the IPO price of 29.5 cents when it was listed in Sept last year.  Since then, the company has had a very low profile.

It is mainly engaged in the design, manufacture, distribution and sales of men’s and women’s undergarments. The Group also manufactures and sells children’s and infants’ apparel.

Recent story: GREAT GROUP: Underwear maker taking steps to bolster bottom line

You may also be interested in:

You have no rights to post comments

Counter NameLastChange
AEM Holdings3.280-0.060
Avi-Tech Electronics0.2500.005
Best World1.680-0.010
Broadway Ind0.090-
China Sunsine0.395-0.010
Delfi Limited1.100-0.020
Food Empire1.090-
Fortress Minerals0.3000.010
Geo Energy Res0.280-
GSS Energy0.029-
Hong Leong Finance2.470-0.010
Hongkong Land (USD)3.2200.030
ISDN Holdings0.335-0.005
IX Biopharma0.041-
Jiutian Chemical0.026-
KSH Holdings0.290-
Leader Env0.054-
Medtecs Intl0.138-0.001
Nordic Group0.400-
Oxley Holdings0.100-
REX International0.169-
Sinostar PEC0.135-0.005
Southern Alliance Mining0.675-
Straco Corp.0.485-0.005
Sunpower Group0.230-0.010
The Trendlines0.090-0.002
Totm Technologies0.0380.001
Uni-Asia Group0.935-
Wilmar Intl3.630-0.050
Yangzijiang Shipbldg1.450-0.020

We have 364 guests and no members online

rss_2 NextInsight - Latest News