Chairman of SY Holdings Group Chi Fung Tung Buys More Stock

Those following along with SY Holdings Group Limited (HKG:6069) will no doubt be intrigued by the recent purchase of shares by Chi Fung Tung, Chairman of the company, who spent a stonking HK$30m on stock at an average price of HK$11.29. While that only increased their holding size by 0.5%, it is still a big swing by our standards.

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The Last 12 Months Of Insider Transactions At SY Holdings Group

Notably, that recent purchase by Chi Fung Tung is the biggest insider purchase of SY Holdings Group shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of HK$10.92. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Chi Fung Tung was the only individual insider to buy during the last year.

Chi Fung Tung purchased 3.51m shares over the year. The average price per share was HK$10.03. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for SY Holdings Group

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. SY Holdings Group insiders own 56% of the company, currently worth about HK$6.1b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About SY Holdings Group Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about SY Holdings Group. Nice! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 1 warning sign for SY Holdings Group and we suggest you have a look.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.