Trade Alert: The Chairman & CEO Of Sino Land Company Limited (HKG:83), Chee Siong Ng, Has Just Spent HK$78m Buying 4.4% More Shares

Sino Land Company Limited (HKG:83) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Chee Siong Ng, recently bought a whopping HK$78m worth of stock, at a price of HK$9.31. While that only increased their holding size by 4.4%, it is still a big swing by our standards.

View our latest analysis for Sino Land

The Last 12 Months Of Insider Transactions At Sino Land

Notably, that recent purchase by Chee Siong Ng is the biggest insider purchase of Sino Land shares that we've seen in the last year. That implies that an insider found the current price of HK$10.42 per share to be enticing. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

While Sino Land insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

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.

Does Sino Land Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Sino Land insiders own 2.7% of the company, worth about HK$2.0b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Sino Land Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Sino Land. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Sino Land. You'd be interested to know, that we found 4 warning signs for Sino Land and we suggest you have a look.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.

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