Kevin Koo Is The Founder of Credit Bureau Asia Limited (SGX:TCU) And Just Spent S$1.5m On Shares

By
Simply Wall St
Published
March 03, 2021
SGX:TCU
Source: Shutterstock

Credit Bureau Asia Limited (SGX:TCU) shareholders (or potential shareholders) will be happy to see that the Founder, Kevin Koo, recently bought a whopping S$1.5m worth of stock, at a price of S$1.40. While that only increased their holding size by 0.7%, it is still a big swing by our standards.

See our latest analysis for Credit Bureau Asia

The Last 12 Months Of Insider Transactions At Credit Bureau Asia

Notably, that recent purchase by Kevin Koo is the biggest insider purchase of Credit Bureau Asia 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$1.35. It's very possible they regret the purchase, but it's more likely they are bullish about the company. 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. Kevin Koo was the only individual insider to buy shares in the last twelve months.

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!

insider-trading-volume
SGX:TCU Insider Trading Volume March 3rd 2021

Credit Bureau Asia is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Credit Bureau Asia Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Credit Bureau Asia insiders own 75% of the company, worth about S$234m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Credit Bureau Asia Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Credit Bureau Asia. Looks promising! While we like knowing 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. While conducting our analysis, we found that Credit Bureau Asia has 1 warning sign and it would be unwise to ignore this.

Of course Credit Bureau Asia 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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