samgoi5.14Billionaire Sam Goi (photo), after an absence of about four years, has resumed buying shares of Serial System, where he has long been the No.2 largest shareholder.

His purchases this month boosted his stake to 14.02%, or 125.6 million shares, worth about $21 million currently.


Purchase date

No. of shares

Average price

17 March 2017

196,100

16.6 c

16 March 2017

103,700

15.7 c

15 March 2017

67,000

15.4 c

14 March 2017

190,600

15.3 c

10 March 2017

378,600

14.9 c


Mr Goi's buying could have contributed to a rise in the share price of Serial System -- either directly and/or indirectly as other investors followed suit after noting his purchases.

On 9 March -- the day prior to his first purchase this month -- the stock closed at 14.3 cents. By 17 March, the stock had risen to 16.7 cents.

Mr Goi does not have board seat in Serial System but his son, Ben Goi Kok Neng, has been a non-executive director since April 2013.

Helmed by its No.1 shareholder, Derek Goh, the executive chairman and CEO, 
Serial System in 2016 achieved its highest annual revenue since its inception 28 years ago. 


The revenue was US$1.40 billion, up from US$1.22 billion in 2015. 

It, however, reported a lower net profit of US$4.6 million on several one-offs, compared to US$11.0 million for 2015.


Share Prices

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AEM2.6100.390
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AusGroup0.048-
Avi-Tech0.4400.010
Best World2.5300.010
China Sunsine0.7550.015
CWG Intl0.179-
Cordlife1.015-
Dutech0.500-
Food Empire0.580-
Geo Energy Res0.320-
Golden Energy0.460-
$ GSS Energy0.1630.004
Heeton0.470-
Hiap Hoe0.705-
$ ISOTeam0.380-
KSH0.8700.010
Lian Beng0.595-
Nordic0.380-
Oxley0.5750.005
$ Rex Intl0.0590.001
$ Resources Prima0.0260.002
Riverstone0.8650.005
Roxy-Pacific0.520-
Sunningdale Tech1.6950.030
Serial System0.176-
Sino Grandness0.2450.005
Straco0.780-
Sunpower0.7550.015
Tiong Seng0.2650.005
$ Trendlines0.1530.002
Uni-Asia1.145-
XMH0.310-
Yamada Green Res0.450-
YZJ Shipbldg SGD1.1450.025
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