Potential Sing Holdings Limited (SGX:5IC) shareholders may wish to note that the CEO, MD & Executive Director, Sze Hao Lee, recently bought S$230k worth of stock, paying S$0.40 for each share. While that’s a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.4%.
The Last 12 Months Of Insider Transactions At Sing Holdings
In fact, the recent purchase by Sze Hao Lee was the biggest purchase of Sing Holdings shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of S$0.41. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. The good news for Sing Holdings share holders is that insiders were buying at near the current price.
In the last twelve months Sing Holdings insiders were buying shares, but not selling. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Sing Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Sing Holdings insiders own about S$23m worth of shares. That equates to 14% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Sing Holdings Tell Us?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Sing Holdings we think they are probably pretty confident of a bright future. Along with insider transactions, I recommend checking if Sing Holdings is growing revenue. This free chart of historic revenue and earnings should make that easy.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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