Insider Buying: The Tsit Wing International Holdings Limited (HKG:2119) Chairman & CEO Just Bought 7.5% More Shares

Those following along with Tsit Wing International Holdings Limited (HKG:2119) will no doubt be intrigued by the recent purchase of shares by Tat Tong Wong, Chairman & CEO of the company, who spent a stonking HK$36m on stock at an average price of HK$1.02. While that only increased their holding size by 7.5%, it is still a big swing by our standards.

Check out our latest analysis for Tsit Wing International Holdings

The Last 12 Months Of Insider Transactions At Tsit Wing International Holdings

In fact, the recent purchase by Tat Tong Wong was the biggest purchase of Tsit Wing International Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is HK$1.03. 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. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Tsit Wing International Holdings insider decided to buy shares at close to current prices. Tat Tong Wong was the only individual insider to buy during the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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

Insider Ownership of Tsit Wing International Holdings

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Tsit Wing International Holdings insiders own about HK$495m worth of shares (which is 67% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Tsit Wing International Holdings Tell Us?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Tsit Wing International Holdings insiders are well aligned, and quite possibly think the share price is too low. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tsit Wing International Holdings. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Tsit Wing International Holdings.

But note: Tsit Wing International Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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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