| |
| |
Buyer |
No. of shares bought |
Date(s) |
Stock price (May 31 Monday start) |
Stock price (June 7 Friday end) |
| OSIM |
Company share buyback |
600,000 + 2 m +212,000 + 1.205 m |
May 27, 31, June 1, 2 |
76.5 c |
82.5 c |
| SUNVIC CHEMICAL |
Company share buyback |
850,000 +1.267 m + 1 m + 1 m |
31 May, June 1, 2, 4 |
17 c |
19.5 c |
| PAN HONG PROPERTY |
Company share buyback |
300,000 + 239,000 + 70,000 + 240,000 |
31 May, June 1, 2, 4 |
50 c |
49.5 c |
| SERIAL SYSTEM |
Derek Goh (exec chairman) |
292,000 + 258,000 |
31 May, June 1 |
10 c |
10.5 c |
| Peter Ho, (Non-executive director) |
850,000 |
May 27 |
| Sam Goi (substantial shareholder) |
4.58 m |
Apr 30 |
| HTL |
Company share buyback |
384,000 |
June 1 |
59.5 c |
63 c |
| UOL GROUP |
Company share buyback |
645,000 + 522,000 |
June 1, 2 |
$3.87 |
$3.74 |
FRENCKEN
|
Company share buyback |
290,000 + 230,000 + 142,000 |
June 1,3, 4 |
24.5 c |
24.5 c |
BREADTALK
|
Keywise Capital Management (HK) |
117,000 + 197,000 |
June 1, 2 |
54.5 c |
55 c |
| WANXIANG INTERNATIONAL |
Company share buyback |
477,000 + 321,000 |
June 1, 3 |
9. 5c |
10 c |
| HEALTHWAY MEDICAL |
Kestrel Capital Partners |
14.562 m |
June 2 |
14.5 c |
16.5 c |
|
Sunvic Chemical: As we have noted before, Sunvic is one of only a handful of S-chips that have made significant and regular share buybacks. Last week, once again, the S$117-m market capitalization company scooped up its own shares, and pushed the stock price to 19.5 cents, the highest since Oct 2009.
The business is doing well: For 1Q, it reported a 360% leap in net profit to RMB51.5 million on a 75% rise in revenue to RMB651 million.
Derek Goh, chairman & CEO, Serial System. NextInsight photo.
Serial System: Derek Goh, the chairman & CEO, stepped in to buy 550,000 of his company’s shares, increasing his stake to 259.8 million, or 35.72% of the issued capital.
These were his first purchases since Aug 2007, and were made at 10 cents a share despite a whopping rise in the stock from 6 cents since January this year.
The company, which distributes electronic components mainly in China, is enjoying a business boom.
Q1 net profit stood at $2.9 million, up 314% from $0.7 million in 1Q 09. If annualized, the $2.9 million translates into $11.6 million net profit – which would be a record for the company. That would also be a 55% jump from last year’s $7.5 million profit.
Another Serial System insider, non-executive director Peter Ho, bought 850,000 shares last week, which is even more than Derek Goh. Interestingly, prior to this purchase, Mr Ho didn’t hold any shares of Serial.
The biggest buyer in recent times - April 30 this year - was Sam Goi, the No.2 shareholder after Derek Goh. He added 4.58 million to his holding, bringing the total to 70.2 million, or 9.66% of the share capital.
Healthway Medical: Kestrel Capital Partners made a massive 14.562 million share purchase, propelling itself across the 5% level to become a substantial shareholder of the medical group. Kestrel now owns 5.75%, or 105.34 million shares.
The former remisier king, Lim Eng Hock, has a deemed interest in the holdings of Kestrel.
Pan Hong Property: This is another rare S-chip company which has been buying back its shares. Its conviction is in contrast to DMG & Partners’ ‘neutral’ rating on the stock which it has set a 50-cent fair value tag on. On the other hand, CIMB-GK is bullish, with a ‘buy’ rating and a 88-cent target price.
Recent stories:
SERIAL SYSTEM: Good turnout to hear upbeat business presentation
PAN HONG: Property curbs draw 'buy', 'neutral' calls from analysts
