| |
| |
Buyer |
No. of shares bought |
Date(s) |
Stock price (July 19 Monday start) |
Stock price (July 23 Friday end) |
| VENTURE CORPORATION |
Aberdeen Asset Management |
168,000 |
July 21 |
$9.38 |
$9.45 |
| FUXING CHINA |
Company share buyback |
762,000 |
July 23 |
13 c |
14.5 c |
| GREAT GROUP |
Weng Wenju (executive director) |
681,000 |
July 19 |
26.5 c |
26.5 c |
| TECHNICS OIL & GAS |
Company share buyback |
1.988 m |
July 23 |
70.5 c |
73.5 c |
| TUNG LOK RESTAURANT |
Goodview Properties |
6.869 m |
July 19 |
18.5 c |
18 c |
BUND CENTRE INVESTMENT
|
Flambo Bund Centre Ltd. |
73.6 m |
July 21 |
62 c |
59 c |
| OSIM INTERNATIONAL |
Company share buyback |
4.588 m + 2.047 m |
July 21, 23 |
$1.03 |
$1.02 |
| BREADTALK |
Keywise Greater China Opportunities Master Fund. |
145,000 |
July 19 |
57 c |
59 c |
|
Some notes on 3 companies:
Fuxing trades below its net cash of 16 cents a share.
* Fuxing China Group has been increasingly in the limelight after a number of analysts put out reports on it. NRA Capital recently set a 28-cent target price for the China-based manufacturer of zippers (market cap: S$122 million).
On Friday, the company bought back 762,000 of its shares at 14.5 cents apiece – the news released after the market closed could send a positive signal to the market.
The last time Fuxing did a share buyback was in April this year when it bought back 1.5 million shares at 14 cents apiece.
The company will announce its 2Q results on 10 Aug. A briefing will be held the following day. Anyone interested in attending can register via email with This email address is being protected from spambots. You need JavaScript enabled to view it.
Recent story: KEVIN SAYS: 'Adding Fuxing China to my Stock Picks....'
Robin Ting, executive chairman, Technics Oil & Gas
* Technics Oil & Gas made a big buyback on Friday, accounting for 43% of the volume transacted.
The stock price closed up 4.255% that day.
The company has bought back 9.415 m shares to date.
Technics’ net profit for 1H2010 had surged 173% to S$5.24 million. Its revenue was S$52.08 million compared to S$56.85 million in 1HFY2009.
Gross profit rose 20% to S$16.10 million and gross margin increased by 7.2 percentage points to 30.9%.
Great Group's Executive Chairman and CEO William Weng (left) with fund manager Johnny Jia of China Best Group. Photo: Andrew Vanburen
* Great Group was listed in Sept last year at an IPO price of 29.5 cents. 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.
Its executive director, Weng Wenju, began his buying on May 19 this year with a maiden purchase of 250,000 shares at an average price of 27.06 cents apiece.
His purchase last week brought his holding to 1.432 million shares, or 0.55%.
Great Group’s Q4 FY09 result was not exactly uplifting as gross profit margin decreased from 25.3% in 4Q08 to 16.5% in 4Q09.
The main reason given by the Group: Downward pressure on our selling price, particularly of our contract manufacturing products, caused by the global financial crisis and depreciation of the USD, in which the Group’s substantial sales were traded, against RMB.
Net profit for Q4 was RMB19 m, down 1.4%.
Things improved in 1Q2010 with gross margin creeping up to 18% and net profit inching up 5.6% to RMB19.3 million.
Recent stories:
GREAT GROUP: Underwear maker taking steps to bolster bottom line
INSIDER BUYING: HI-P, FRENCKEN, LIZHONG WHEEL, etc
