| |
| |
Buyer |
No. of shares bought |
Date(s) |
Stock price (May 24 Mon start) |
Stock price (May 27 Thursday end) |
| ANWELL |
A/Prof Bao Naikeng (independent director) |
60,000 |
25 May |
58.5 c |
58 c |
| SUNVIC CHEMICAL |
Company share buyback |
1.6 m |
25 May |
18.5 c |
17 c |
| ROWSLEY |
Garville (HK) Ltd |
23.919 m +6.382 m |
24 May,25 May |
8.5 c |
10 c |
| OSIM |
Company share buyback |
500,000 |
25 May |
76 c |
76.5 c |
| TELECHOICE |
Company share buyback |
200,000 |
25 May |
22 c |
22.5 c |
| ROXY-PACIFIC |
Teo Hong Lim (exec chairman/CEO) |
100,000 |
25 May |
29.5 c |
29c |
| Tay Kah Poh (Independent director) |
30,000 |
26 May |
| Chris Teo (MD) |
50,000 |
21 May |
FRAGRANCE
|
Koh Wee Meng (exec chairman/CEO) |
410,000 |
26 May |
50 c |
50 c |
BANYAN TREE
|
Qatar Investment Authority |
9.472 m |
25 May (and other undisclosed dates) |
78 c |
79 c |
| SAIZEN warrant |
Yvonne Ho (spouse of Raymond Wong, exec director) |
300,000 |
26 May |
|
6.5 c |
| TIANJIN ZHONG XIN PHARM |
Value Partners |
1.055 m |
25 May |
US$1.23 |
US$1.24 |
|
A/P Bao Naikeng teaches electronics engineering
First, the buyer was Associate Professor Bao Naikeng, an independent director of the company. As an academic whose speciality is electronics engineering, he would be intimately familiar with the technologies that Anwell develop, including its recent solar-panel business.
He is not new to the board, having joined it in 2006. Prior to his purchase of 60,000 shares, he didn’t hold any Anwell shares.
He bought the stock at 59 cents, a level which was unchanged from the start of this month. The stock has, despite the European financial crisis, rebounded after a plunge following its Q1 result announcement of a loss.
Cheah Cheng Hye, chairman, Value Partners
* TIANJIN ZHONG XIN PHARM GROUP: The stock continued to attract buying by Value Partners, a well-regarded fund manager based in Hong Kong.
Value Partners now owns about 19.1 million shares, or a very significant 19.1%, of the S-chip.
For Q1, Tianjin Zhong Xin Pharm reported a net profit of RMB112 million, a year-on-year increase of 22%, mainly thanks to increased profits from its core business activities.
At the last closing price of US$1.24, the stock trades above its net tangible asset of RMB4.36.
Teo Hong Lim, chairman, Roxy-Pacific
Following its Q1 record $9 million profit announcement, SIAS Research analyst Moh Tze Yang wrote: “At its current price (31.5 cents), we are of the opinion that the Company is trading significantly below its intrinsic worth (45 cents) and is a bargain buy at present levels.”
Standard & Poor’s too has a positive view on Roxy, maintaining its forecast that Roxy would achieve a record $37.3 m in net profit this year, up from last year's record $27.9 m.
The forecast profit translates into a PE of 4.9X based on a recent stock price of 29 cents
* BANYAN TREE: Qatar Investment Authority bought 9.472 million shares, raising its interest to 23.3 %, or 176.4 million shares.
The buying came amid a downturn in the stock price as a result of the civil turmoil in Thailand, from where Banyan Tree derives the majority of its earnings.
DBS Vickers has downgraded the stock from buy to hold and a target price of 96 cents from $1.04.
The Qatar substantial shareholder seems to see the downturn as an opportunity to buy. And it has done so aggressively. Back in October 2008, the Qatar authority held only 7.12% of the issued share capital of the Company.
* PAN HONG PROPERTY: Just hours after it announced its full-year results (ended March 2010), it bought back 413,000 shares. The Group is one of a relatively few S-chips that has been doing share buybacks.
Since the start of this year, Pan Hong has bought back 3.593 million shares.
The Hong Kong-based property developer has focused primarily on developing properties in the second and third-tier cities in the PRC since 1980s. It reported a RMB170.7 million net profit for FY 2010, reversing the loss of RMB37.2 million in the previous financial period (15 months ended 31 March 2009).
| |
Buyer |
No. of shares bought |
Date(s) |
Stock price (May 24 Mon start) |
Stock price (May 27 Thursday end) |
| RAFFLES EDUCATION |
Company share buyback |
1 m |
25 May |
33.5 c |
33 c |
| MEIBAN |
Company share buyback |
820,000 |
25 May |
28.5 c |
28 c |
| PAN HONG PROPERTY |
Company share buyback |
413,000 |
27 May |
49 c |
50 c |
HTL
|
Company share buyback |
1.134m |
25 May |
59.5 c |
59.5 c |
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