To The Moon

The five trading sessions saw more than 80 changes to director interests, and substantial shareholdings filed for more than 40 primary-listed stocks. Directors or chief executive officers filed 25 acquisitions and four disposals, while substantial shareholders filed 10 purchases and four disposals.

Share buybacks by primary-listed companies

1.Raffles Medical Group

Between Mar 14 and 20,  $Raffles Medical(BSL.SI)$ executive chairman Loo Choon Yong bought 700,000 shares at an average price of S$1.035 per share, which increased his total interest from 53.76% to 53.79%. This followed his acquisition of 13.6 million shares between Feb 27 and Mar 13.

Prior to the recent spate of acquisitions, Dr Loo’s total stake in Raffles Medical was 53.02%. Back on Mar 6, Raffles Medical traded at S$0.985 per share, a level not seen since Feb 2021.

2.PSC Corp

Between Mar 14 and 20,  $PSC Corporation(DM0.SI)$ executive chairman Sam Goi acquired 1,080,500 shares at an average price of S$0.35 per share. With a consideration of S$378,473, this increased his direct interest from 30.46% to 30.66%.

Goi has been gradually increasing this direct interest from 30.41% at the end of February, and 30.02% prior to December 2023.

3.Jardine Cycle & Carriage

On Mar 15,  $Jardine C&C(C07.SI)$ (Jardine C&C) group managing director Benjamin Birks bought 11,000 shares at S$24.31 per share. With a consideration of S$267,410, this increased his direct interest in the South-east Asia investment holding company of the Jardine Matheson Group from 44,000 shares to 55,000 shares. This represents a 0.01% direct interest in the company.

His previous acquisitions were in March 2021, with 25,000 shares acquired at S$22.77 per share, and in August 2023, with 19,000 shares purchased at S$33.90 per share.

4.JB Foods

Between Mar 14 and 19,  $JB Foods(BEW.SI)$ executive director Goh Lee Beng added 214,500 shares at S$0.48 per share. With a consideration of S$102,960, the purchase increased her total interest in the provider of premium cocoa ingredient products from 47.47% to 47.53%.

This followed her acquisition of 13,900 shares at an average price of S$0.48 per share on Mar 7, and 191,500 shares at S$0.49 per share on Mar 11.

5.Asian Pay Television Trust

On Mar 20, Brian McKinley, CEO of the trustee-manager of  $Asian Pay Tv Tr(S7OU.SI)$ (APTT), acquired 588,200 units of APTT at S$0.085 per unit. With a consideration of S$49,997, this increased his direct interest in APTT from 0.24% to 0.28%.

He added that over 25% of total revenue is now generated from broadband, compared to 22% in FY22.

6.Trans-China Automotive Holdings

Between Mar 14 and 18,  $TC Auto(VI2.SI)$ (TCA) executive chairman and CEO Francis Tjia acquired 535,000 shares at S$0.085 per share. With a consideration of S$45,475, this took his deemed interest in the vehicle dealership group from 61.12% to 61.23%.

7.Noel Gifts International

Between Mar 13 and 15,  $Noel Gifts Intl(543.SI)$ executive chairman and managing director Alfred Wong bought 99,900 shares at an average price of S$0.258 per share.

With a consideration of S$25,725, this increased his total interest in the leading hampers, flowers and gifts company from 46.33% to 46.42%. His preceding acquisition was on Dec 13, 2023, with 75,000 shares acquired at S$0.265 per share.

8.Boustead Singapore

On Mar 15,  $Boustead(F9D.SI)$ chairman and group CEO Wong Fong Fui added 15,000 shares for a consideration of S$13,800 at an average price of S$0.92 per share. Wong’s deemed interest in the engineering services with a heritage of close to two centuries is 43.23%.

This followed his acquisition of 192,000 shares at an average price of S$0.89 per share between Mar 4 and 5, and 103,400 shares at S$0.91 per share on Mar 11.

https://www.sgx.com/research-education/market-updates/20240325-raffles-medical-chair-continues-purchases-sam-goi-ups