Chairman & Group CEO of Boustead Singapore Fong Fui Wong Buys More Stock

Investors who take an interest in Boustead Singapore Limited (SGX:F9D) should definitely note that the Chairman & Group CEO, Fong Fui Wong, recently paid S$0.88 per share to buy S$258k worth of the stock. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.

Check out our latest analysis for Boustead Singapore

The Last 12 Months Of Insider Transactions At Boustead Singapore

Notably, that recent purchase by Fong Fui Wong is the biggest insider purchase of Boustead Singapore 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 S$0.88. 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. In our view, the price an insider pays for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Fong Fui Wong.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. 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 Boustead Singapore Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Boustead Singapore insiders own 46% of the company, currently worth about S$190m based on the recent share price. 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 Boustead Singapore Insider Transactions Indicate?

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 Boustead Singapore. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Boustead Singapore. For example - Boustead Singapore has 1 warning sign we think you should be aware of.

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 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.