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Hong Kong firms and insiders collect adult shares following cost gains

The shopping rose after descending for dual true weeks while a offered among directors remained high formed on filings on a Hong Kong batch sell in a final week of September. A sum of 26 companies available 104 purchases value HK$103 million contra 18 firms with 67 disposals value HK$257 million.

The series of purchases was not distant off from a prior week’s 109 acquisitions while a series of companies and value were adult from a prior week’s 22 firms and HK$83 million. On a offered side, a series of companies and trades were not distant off from a prior week’s 20 companies and 69 disposals. The sell value, however, was neatly adult from a prior week’s disposals value HK$88 million.

Meanwhile, a buyback activity rebounded final week with 23 companies that posted 121 repurchases value HK$966 million. The series of firms and trades were adult from a prior week’s 17 companies and 105 transactions. The value, nonetheless high, was down from a prior week’s turnover of HK$1.143 billion.

The buyback and executive activity picked adult significantly during a finish of a third quarter. The volume was generally complicated with 42 bonds that available purchases accounting for some-more than 5 per cent of trade volume with an normal volume of 32 per cent. On a offered side, 15 firms available volumes of some-more than 5 per cent with an normal of 21 per cent.

It is not startling to see companies and directors record buys to support their share prices following high cost falls. What is eye-catching are firms and insiders picking adult shares following cost gains. Five bonds that available buybacks and executive purchases following a arise in their share prices are HC International, Allied Group, Haier Electronics, Xinyi Automobile Glass and Eagle Nice Holdings. The acquisitions in these firms prove that these bonds are still undervalued during stream levels.

Business information solutions and services provider HC International bought behind for a initial time given inventory in Dec 2003 with 1.49 million shares purchased from Sep 28 to 30 during an normal of HK$5.80 each. The trades, that accounted for 13 per cent of a stock’s trade volume, were done on a behind of a 74 per cent miscarry in a share cost given Jan from HK$3.33. Despite a miscarry in a share price, a opposite is still down given Mar 2014 from HK$22.00. Investors should note that CEO Guo Jiang acquired 1.5 million shares from May 19 to 26 during an normal of HK$4.28 each, that increasing his land to 192.710 million shares or 21.06 per cent of a released capital. He formerly acquired 1.66 million shares from Nov 2014 to Jan 2015 during HK$8.98 to HK$6.31 any or an normal of HK$8.18 each. The purchases by a CEO given Nov 2014 are his initial on-market trades given a batch was listed in Dec 2003. Mr. The batch sealed during HK$5.75 on Friday.

Financial services organisation and skill financier Allied Group resumed shopping behind during aloft than a merger prices progressing this year with 36,000 shares purchased from Sep 26 to 30 during HK$39.40 to HK$40.10 any or an normal of HK$39.92 each. The trades accounted for 75 per cent of a stock’s trade volume. The organisation formerly acquired 30,000 shares from Apr 26 to May 27 during HK$38.00 to HK$38.50 any or an normal of HK$38.07 any and 4,000 shares on Jan 19 during HK$35.00 each. Prior to a repurchases this year, a association acquired 5.09 million shares from Jan to Dec 2015 during HK$32.00 to HK$44.20 any or an normal of HK$38.05 each, 23.99 million shares from Nov 2011 to Jun 2014 during HK$17.00 to HK$34.90 any or an normal of HK$20.48 any and 16.7 million shares from Feb 2005 to Feb 2009 during HK$34.05 to HK$8.80 any or an normal of HK$15.32 each. Investors should note that a batch rose by an normal of 164 per cent 6 months after a association bought shares formed on 369 filings given 2000. The batch available a cost benefit 6 months after on 71 per cent of those filings. The batch sealed during HK$40.20 on Friday.

Electrical appliances manufacturer and play Haier Electronics Group resumed shopping behind during aloft than a merger prices in Feb with 394,000 shares purchased from Sep 27 to 28 during an normal of HK$12.92 each. Although a organisation resumed shopping behind this month during a aloft price, a repurchases were done on a behind of a 9 per cent dump in a share cost given Aug from HK$14.26. Despite a tumble in a share price, a opposite is still adult given Jun from HK$11.04. The organisation formerly acquired 1.15 million shares from Feb 15 to 18 during HK$10.86 to HK$11.30 any or an normal of HK$11.09 each. Prior to a repurchases this year, a association acquired 652,000 shares in Sep 2015 during an normal of HK$12.77 any and 2.1 million shares from Sep to Oct 2008 during HK$0.79 to HK$0.38 any or an normal of HK$0.616 each. Investors should note that a batch rose by an normal of 51 per cent 3 months after a association bought shares formed on 22 filings given 2008. The batch available a cost benefit 3 months after on 100 per cent of those filings. The batch sealed during HK$12.82 on Friday.

Non-executive authority Tung Ching Sai resumed shopping shares of car potion repairs and deputy services provider Xinyi Automobile Glass after a batch rose by as most as 40 per cent from his merger prices in Jul with 2.516 million shares purchased from Sep 22 to 23 during HK$1.64 to HK$1.72 any or an normal of HK$1.68 each. The trades, that accounted for 16 per cent of a stock’s trade volume, increasing his land to 308.307 million shares or 57.08 per cent of a released capital. He formerly acquired 17.6 million shares from Jul 11 to 13 during HK$1.23 to HK$1.33 any or an normal of HK$1.28 each. The purchases by a authority given Jul are a initial corporate shareholder trades in a association given a batch was listed on Jul 11. The chairman’s squeeze prices were aloft than a IPO prices of HK$0.55 to HK$0.70. The batch sealed during HK$1.63 on Friday.

Chairman and co-founder Chung Yuk Sing resumed shopping shares of sportswear and panoply manufacturer and distributor Eagle Nice Holdings after a batch rose by as most as 31 per cent from his merger prices progressing this year with 100,000 shares purchased from Sep 28 to 29 during HK$2.30 each. The trades increasing his land to 80.650 million shares or 16.14 per cent of a released capital. He formerly acquired 2.86 million shares from Jun 28 to Jul 15 during HK$1.76 to HK$2.03 any or an normal of HK$1.92 each. Prior to his trades this year, a authority acquired 3.64 million shares from Feb to Aug 2015 during HK$1.42 to HK$1.84 any or an normal of HK$1.69 each, 1.2 million shares in Aug 2014 during an normal of HK$1.26 any and 200,000 shares in Aug 2008 during an normal of HK$1.53 each. Prior to those purchases, a authority sole 22 million shares in Mar 2005 during HK$4.13 any and 1.5 million shares in Apr 2004 during HK$2.96 each. Investors should note that a batch rose by an normal of 15 per cent 3 months after a authority bought shares formed on 71 purchases given 2008. The batch available a cost benefit 3 months after on 83 per cent of those acquisitions. The batch sealed during HK$2.30 on Friday.

Robert Halili is handling executive of Asia Insider