Chee Siong Ng Buys 1.9% More Tsim Sha Tsui Properties Shares

Tsim Sha Tsui Properties Limited (HKG:247) shareholders (or potential shareholders) will be happy to see that insider Chee Siong Ng recently bought a whopping HK$560m worth of stock, at a price of HK$20.57. While that only increased their holding size by 1.9%, it is still a big swing by our standards.

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Tsim Sha Tsui Properties Insider Transactions Over The Last Year

Notably, that recent purchase by Chee Siong Ng is the biggest insider purchase of Tsim Sha Tsui Properties shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$20.57). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Chee Siong Ng.

Chee Siong Ng bought a total of 30.37m shares over the year at an average price of HK$20.57. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Tsim Sha Tsui Properties

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.

Does Tsim Sha Tsui Properties Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Tsim Sha Tsui Properties insiders own about HK$31b worth of shares (which is 68% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Tsim Sha Tsui Properties Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Tsim Sha Tsui Properties insiders are well aligned, and quite possibly think the share price is too low. Looks promising! 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. Be aware that Tsim Sha Tsui Properties is showing 2 warning signs in our investment analysis, and 1 of those is significant...

Of course Tsim Sha Tsui Properties may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.