Their share prices have gone up significantly this year, yet three listcos have reported that insiders bought stock this month.
Private investor and Oxley Holdings substantial shareholder Tee Wee Sien's most recent 2 purchases are nearly 2 years apart. Chart: Bloomberg At Oxley Holdings (stock price gain year-to-date: +37%), substantial shareholder Tee Wee Sien (who does not hold any executive role) last week bought 150,000 shares at 59 cents.
It's a notable transaction because that was his first purchase since Aug 2015 when he bought 105,000 shares at 38.8 cents.
Possible near-term good news: Oxley could report significant profitability during its upcoming 3Q and 4Q results, going by RHB Research's forecast.
RHB is forecasting $325 m in profit for FY2017, which implies S$186 m over 3Q and 4QFY2017. (For more, see: OXLEY: 8 takeaways from 1HFY17 results briefing)
|
Stock |
Buyer |
No. of shares/price |
Purchase date |
Total holding |
|
Oxley |
Tee Wee Sien |
150,000 |
12 Apr |
356.1 m |
|
Nordic |
Chang Yeh Hong |
299,600 |
3 Apr |
210.7 m |
|
GSS Energy |
Sydney Yeung |
1.4 million
|
12 Apr |
90.7 m |
CEO Sydney Yeung. NextInsight file photo At GSS Energy (stock price gain year-to-date: +100%), CEO Sydney Yeung's investment vehicle Roots Capital Asia bought 1.4 million shares at 17.5 cents.
It last bought 3 million shares in March 2017 at 17.3 cents.
Possible near-term good news: The start of oil production at its oilfield in Indonesia. (For more, see: GSS ENERGY: Precision engineering biz on a high, oil biz coming onstream)
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