The five trading sessions saw more than 50 changes to director interests and substantial shareholdings filed for close to 30 primary-listed stocks.
Directors or CEOs filed eight acquisitions and one disposal while substantial shareholders filed three acquisitions and two disposals.
Earnings Focus Reduces Buybacks & Director Acquisition Filings
1.Wing Tai Holdings
$Wing Tai(W05.SI)$ chairman and managing director Cheng Wai Keung has continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares.
Between Feb 16 and 22, Cheng increased his deemed interest in the leading real estate developer and lifestyle retailer by 296,900 shares.
Cheng now maintains a 61.44% total interest in the company. This has increased from 60.92%, prior to Chow’s recent sequence of acquisitions that began in September 2023.
2.Netlink NBN Trust
On Feb 16, $NetLink NBN Tr(CJLU.SI)$ Management executive director and CEO, Tong Yew Heng, acquired 100,000 units of NetLink NBN Trust at S$0.845 per unit. This increased his direct interest in the business trust from 750,000 units to 850,000 units.
His preceding acquisition was in December 2023 at S$0.835 per unit, and prior to that at S$0.97 per unit, back in October 2020. The price-to-book ratio of NetLink NBN Trust was around the 1.3 times level at the time of all three acquisitions.
3.Tai Sin Electric
Between Feb 19 and 20, $Tai Sin Electric(500.SI)$ chairman, non-executive and non-independent director, Bobby Lim Chye Huat, acquired 50,100 shares at an average price of S$0.40 per share. With a consideration of S$19,790 this increased Lim’s interest in Tai Sin Electric from 6.66% to 6.67%.
For its H1FY24 (ended Dec 31) the group reported revenue of S$195.745 million, a decline of 14.8% from its H1FY23. The decline in revenue was across all the segments except for the testing and inspection segment.
4.Casa Holdings
On Feb 19, $Casa(C04.SI)$ chairman and independent non-executive director Lai Hock Meng acquired 186,400 shares at an average price of S$0.075 per share.
This increased his direct interest in the distributor of electrical and electronic home appliances, property holdings and property development from 0.43% to 0.52%.
Lai started his career as an officer with the Monetary Authority of Singapore. He has more than 40 years of experience in regulatory agency, treasury management, education, investment banking, asset management, corporate governance, and real estate investment trust.
5.Accrelist
Between Feb 20 and 21, $Accrelist Ltd(QZG.SI)$ executive chairman and managing director Terence Tea Yeok Kian acquired 144,900 shares at an average price of S$0.04 per share.
With a consideration of S$6,396 this increased his total interest in the Catalist-listed company from 25.26% to 25.30%.
https://www.sgx.com/research-education/market-updates/20240226-earnings-focus-reduces-buybacks-director-acquisition
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