Stock Analysis

Chairman of the Board & CEO Kwong Fat Yeung Just Bought A Handful Of Shares In World-Link Logistics (Asia) Holding Limited (HKG:6083)

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SEHK:6083
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Even if it's not a huge purchase, we think it was good to see that Kwong Fat Yeung, the Chairman of the Board & CEO of World-Link Logistics (Asia) Holding Limited (HKG:6083) recently shelled out HK$68k to buy stock, at HK$0.41 per share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for World-Link Logistics (Asia) Holding

World-Link Logistics (Asia) Holding Insider Transactions Over The Last Year

Earlier in the year, Chairman of the Board & CEO Kwong Fat Yeung paid HK$0.52 per share in a HK$77k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$0.41). 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 Kwong Fat Yeung.

Kwong Fat Yeung purchased 724.00k shares over the year. The average price per share was HK$0.49. 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!

insider-trading-volume
SEHK:6083 Insider Trading Volume January 22nd 2021

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

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. We usually like to see fairly high levels of insider ownership. World-Link Logistics (Asia) Holding insiders own 65% of the company, currently worth about HK$137m 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.

What Might The Insider Transactions At World-Link Logistics (Asia) Holding Tell Us?

It is good to see the recent insider purchase. 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 World-Link Logistics (Asia) Holding. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 2 warning signs for World-Link Logistics (Asia) Holding 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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