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Holiday week sees burst in buy-backs, though sum value stays flat

Buying fell after rising for dual uninterrupted weeks while offered plunged following complicated activity for 3 weeks, formed on filings on a Hong Kong sell during a holiday-shortened week of Sep 12 to 15.

A sum of 26 companies available 102 purchases value HK$38 million, opposite 12 firms with 29 disposals value HK$43 million. The total were neatly down from a prior week’s five-day totals of 34 companies, 161 purchases and HK$87 million on a shopping side and 16 firms, 90 disposals and HK$89 million on a offered side.

While shopping by directors fell final week, buy-back activity surged with 20 companies posting 102 repurchases value HK$1 billion. The series of firms and trades were adult from 16 companies and 94 repurchases. The value, on a other hand, was unchanging with a prior week’s turnover of HK$1.26 billion.

The many obscure trade of a week goes to wiring materials manufacturer Kingboard Laminates Holdings, with executive executive Liu Min picking adult an initial 300,000 shares on Sep 12 during HK$6.50 each. The purchase, that represented 0.01 per cent of a released capital, was startling as Liu waited until a batch rose some-more than 145 per cent from HK$2.90 in Feb to record his initial merger given a stock’s trade entrance in Dec 2006.

Independent non-executive executive Leung Tai-chiu also acquired 78,000 shares from Aug 23 to 25 during an normal of HK$6.27 each. Those were also his initial trades given listing.

The purchases by a span competence have some substance, however, as a organisation announced final month a 35.28 per cent benefit in first-half distinction to HK$840.2 million.

The batch sealed during HK$6.38 on Thursday.

Another batch that competence have incited sell investors’ heads final week is highway upkeep apparatus manufacturer and seller Freetech Road Recycling Technology (Holdings). Chairman and arch executive Sze Wai-pan bought shares for a initial time given Sep 2014 with 1.1 million purchased from Aug 29 to Sep 12 during an normal of 96.4 HK cents each. The trades increasing his land to 48.76 per cent of a released capital.

The purchases were startling as they were done after a batch rebounded as most as 50 per cent from 66 HK cents in February. While a new miscarry competence prove a miss of ceiling intensity for a stock, Sze’s purchases were done during neatly reduce than his prior merger prices formed on a 3.6 million shares he acquired in Sep 2014 during HK$1.66 each. His merger prices were reduce than a inventory cost of HK$2.43.

The opposite sealed during 94 HK cents on Thursday.

Meanwhile, there are bullish clouds combining in Chuang’s organisation of companies with purchases in skill plays Chuang’s China Investments and Chuang’s Consortium International.

Chuang’s China Investments bought behind for a initial time, formed on filings on a sell given 1992, with 56.72 million shares purchased from Sep 5 to 15 during an normal of 54 HK cents each. The trades were done after a batch rebounded as most as 83 per cent from 30 HK cents in May.

The opposite sealed during 51 HK cents on Thursday.

There was even some-more bullish activity in Chuang’s Consortium with buy-backs and purchases by authority Alan Chuang Shaw Swee totalling 8.42 million shares. The trades were done from Sep 12 to 15 during an normal of HK$1.65 each, aloft than a merger prices by a association and a authority progressing this year.

The organisation bought behind 3.42 million shares from Sep 14 to 15 during an normal of HK$1.67 each. It formerly acquired 5.9 million shares from Jun 30 to Jul 4 during an normal of HK$1.43 any and 49.5 million shares from Jan 21 to Apr 6 during an normal of HK$1 each.

Chuang, on a other hand, bought 5 million shares from Sep 12 to 13 during HK$1.63 each, that increasing his land to 55.87 per cent of a released capital. He formerly acquired 11 million shares from Jan 12 to 20 during an normal of 85 HK cents each.

The new trades by a authority bode good for shareholders as a batch rose by an normal of 15 per cent 3 months following his purchases, formed on 229 acquisitions given 1994. The batch available a cost benefit 3 months after on 61 per cent of those acquisitions.

The batch sealed during HK$1.76 on Thursday.

Another batch that available a singular buy-back final week was paper crate and make-up box manufacturer Realord Group Holdings.

The organisation resumed shopping behind after a batch rose 102 per cent from a merger cost in Sep final year with 3.49 million shares purchased on Sep 14 during HK$5.03 each. It formerly acquired 700,000 shares from Sep 15 to 16 final year during HK$2.49 any and 2.41 million shares in Oct 2009 during 38 HK cents each. It also announced final month a first-half distinction of HK$81.69 million, overhanging behind from a detriment of HK$9.87 million a year earlier.

The batch sealed during HK$5.51 on Thursday.

One of my favourite shows in a 1970s is American sitcom Three’s Company due to a interplay between a characters. The pretension for a uncover is ideal as carrying usually dual characters would have done a uncover flat. This rather relates to insider exchange as a some-more directors buy, a some-more bullish a signals are.

Our combo-buying batch of a week is construction consultancy organisation Beijing Urban Construction Design Development Group with purchases by non-executive authority Wang Liping, ubiquitous manager Wang Hanjun and emissary ubiquitous manager Li Guoqing. The 3 acquired a total 148,000 shares on Sep 8 during an normal of HK$4.79 any in their initial trades given a batch was listed in Jul 2014.

The purchases were done on a behind of a 38 per cent miscarry in a share cost given Feb from HK$3.46. The directors’ merger prices were also significantly aloft than a inventory prices of HK$2.75 to HK$3.30.

The batch sealed during HK$4.62 on Thursday.

Robert Halili is handling executive of Asia Insider