Their share prices have gone up significantly this year, yet three listcos have reported that insiders bought stock this month.

teeweesien4.17Private investor and Oxley Holdings substantial shareholder Tee Wee Sien's most recent 2 purchases are nearly 2 years apart. Chart: Bloomberg At Oxley Holdings (stock price gain year-to-date: +37%), substantial shareholder Tee Wee Sien (who does not hold any executive role) last week bought 150,000 shares at 59 cents.

It's a notable transaction because that was his first purchase since Aug 2015 when he bought 105,000 shares at 38.8 cents.

Possible near-term good news: Oxley could report significant profitability during its upcoming 3Q and 4Q results, going by RHB Research's forecast.

RHB is forecasting $325 m in profit for FY2017, which implies S$186 m over 3Q and 4QFY2017. (For more, see: )

 

Stock

Buyer

No. of shares/price

Purchase date

Total holding

Oxley

Tee Wee Sien

150,000
@ 59 c

12 Apr
2017

356.1 m

Nordic

Chang Yeh Hong

Teo Ling Ling
 (Dorcas)

 299,600
@ 34 c


299,500
@ 34 c

3 Apr
2017


3 Apr
2017

210.7 m



31.9 m

GSS Energy

Sydney Yeung

1.4 million
@ 17.5 c

12 Apr
2017

90.7 m


















sydneyyeung8.14CEO Sydney Yeung. NextInsight file photo At GSS Energy (stock price gain year-to-date: +100%), CEO Sydney Yeung's investment vehicle Roots Capital Asia bought 1.4 million shares at 17.5 cents.

It last bought 3 million shares in March 2017 at 17.3 cents.

Possible near-term good news: The start of oil production at its oilfield in Indonesia. (For more, see: )

ChangYehHong2.16Executive Chairman Chang Yeh Hong.
NextInsight file photo
At Nordic Group (stock price gain year-to-date: +48%), executive chairman Chang Yeh Hong and executive director Teo Ling Ling have made purchases on the same day  -- 12 April 2017 -- at the same price of 34 cents.

Their purchases are striking because of the price and because they have not bought in a long time.

For Mr Chang, 34 cents is double what he last paid (17.5 cents) in April 2016 when he bought 411,000 shares.

Austin Dorcas6.15Executive director Dorcas Teo. NextInsight file photo Similarly, for Ms Dorcas Teo, 34 cents is nearly double her last purchase price (18.8 cents) in Oct 2015 when she bought 260,000 shares.

Possible near-term good news: Nordic has announced a potential acquisition, as well as dividends for FY2016.


Share Prices

Counter NameLastChange
AEM Holdings3.230-
Alliance Mineral0.345-
AusGroup0.0370.001
Avi-Tech Electronics0.4650.005
Best World Int.1.340-
China Sunsine0.895-
CWG International0.151-
DISA Limited0.014-0.001
Dutech Holdings0.340-
Federal Int. (2000)0.400-
Food Empire0.645-0.010
Geo Energy0.250-0.005
Golden Energy0.3850.005
GSS Energy0.163-0.002
Heeton Holdings0.5650.005
ISOTeam0.340-
KSH Holdings0.780-
Lian Beng Group0.7100.005
Miyoshi0.074-0.001
Nordic Group0.5550.010
Oxley Holdings0.6350.015
REX International0.053-0.001
Riverstone1.0400.010
Roxy-Pacific0.540-0.005
Serial System0.165-
Sing Holdings0.440-0.010
Sino Grandness0.199-0.006
Straco Corp.0.8400.020
Sunningdale Tech1.850-0.020
Sunpower Group0.510-
The Trendlines0.148-
Tiong Seng0.3850.005
Trek 2000 Int.0.280-
Uni-Asia Group1.230-
XMH Holdings0.240-
Yangzijiang Shipbldg1.500-

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