Weekly Inflows: UMS, Suntec REIT, Centurion, Ho Bee Land & Noel Gifts directors acquire stock

The five trading sessions saw 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 15 acquisitions, and one disposal, while substantial shareholders filed six acquisitions and three disposals.

1. $UMS(558.SI)$

On Sep 12, UMS Integration Chairman and CEO Andy Luong acquired 600,000 shares at an average price of S$0.983 per share.

This increased his deemed interest in the from 15.25% to 15.34%. His preceding acquisition on the open market was on May 16, with 123,600 shares acquired at S$1.07 per share.

2. $Suntec Reit(T82U.SI)$

On Sep 17, ESR Trust Management (Suntec) Limited Chairman and Non-Executive Director Chew Gek Khim acquired 148,000 units of Suntec REIT at S$1.35 per unit.

Suntec REIT has booked the eleventh highest institutional inflow this year with S$58.0 million of net inflow, while the overall S-REIT Sector has seen S$899 million of net institutional outflows.

3. $Centurion(OU8.SI)$

On Sep 17, Centurion Corporation Executive Director and Joint Chairman David Loh Kim Kang acquired 300,000 shares via a market transaction at S$0.74 per share.

This increased his direct stake from 7.87% to 7.91%. His preceding acquisitions were on June 11, with 20 million shares in a married deal at S$0.54 per share, and on June 3 and 4, with 538,600 shares acquired at S$0.53 per share.

His total interest in the specialised accommodation developer and manager is now 58.57%, with deemed interests mostly through his 50% shareholding interest in Centurion Global Ltd.

4. $Ho Bee Land(H13.SI)$

Between Sep 12 and 13, Mdm Ng Noi Hinoy, the spouse of Ho Bee Land executive chairman Chua Thian Poh, acquired 47,700 shares for a consideration of S$88,245.

At S$1.85 a share, this increased Dr Chua's deemed interest in Ho Bee Land from 75.58% to 75.59%. Dr Chua founded Ho Bee Group and was appointed as the Group's Chairman and CEO in 1999. In January 2022, he transitioned to the role of Executive Chairman.

5. $Noel Gifts Intl(543.SI)$

On Sep 16, Noel Gifts International Managing Director Alfred Wong Siu Hong acquired 163,500 shares at an average price of S$0.359 per share.

With a consideration of S$58,743 this increased his total interest in the leading hampers, flowers, and gifts company from 46.72% to 46.88%. This followed his acquisition of 302,800 shares at an average price of S$0.356 per share between Sep 4 and 5.

6. $Wing Tai(W05.SI)$

Wing Tai Holdings chairman and managing director Cheng Wai Keung has continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares.

On Sep 13 Mr Cheng has increased his deemed interest in the leading real estate developer and lifestyle retailer by 20,000 shares. Mr Cheng maintains a 61.53% total interest in the company.

https://www.sgx.com/research-education/market-updates/20240923-institutions-net-buyers-singapore-stocks

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