Stock Analysis

The Non-Executive Director of Keppel DC REIT Management Pte Ltd of Keppel DC REIT (SGX:AJBU), Thieng Hwi Pang, Just Bought 20% More Shares

SGX:AJBU
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Investors who take an interest in Keppel DC REIT (SGX:AJBU) should definitely note that the Non-Executive Director of Keppel DC REIT Management Pte Ltd, Thieng Hwi Pang, recently paid S$22.45 per share to buy S$310k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 20%.

Check out our latest analysis for Keppel DC REIT

Keppel DC REIT Insider Transactions Over The Last Year

In fact, the recent purchase by Thieng Hwi Pang was the biggest purchase of Keppel DC REIT shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of S$2.19. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Thieng Hwi Pang was the only individual insider to buy during the last year.

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
SGX:AJBU Insider Trading Volume February 8th 2022

Keppel DC REIT is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Keppel DC REIT

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. We usually like to see fairly high levels of insider ownership. Based on our data, Keppel DC REIT insiders have about 0.07% of the stock, worth approximately S$2.7m. I generally like to see higher levels of ownership.

So What Do The Keppel DC REIT Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Keppel DC REIT insiders are reasonably well aligned, and optimistic for the future. 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. For example, Keppel DC REIT has 5 warning signs (and 2 which are a bit unpleasant) we think you should know about.

Of course Keppel DC REIT 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. 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.

About SGX:AJBU

Keppel DC REIT

Keppel DC REIT was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia.

Undervalued with proven track record and pays a dividend.