To The Moon

The five trading sessions saw more than 140 director interests and substantial shareholdings filed for 40 primary-listed stocks. Directors or CEOs filed 17 acquisitions, and one disposal, while substantial shareholders filed 11 acquisitions and 11 disposals.

The 140 filings were larger than the usual weekly quota due to director participations in performance share plans. This included SATS President and CEO Kerry Mok Tee Heong who was granted unvested shares under the SATS Restricted & Performance Share Plans. 

1. $Raffles Medical(BSL.SI)$

Between Sep 24 and 25, Raffles Medical Group executive chairman Loo Choon Yong acquired 2.15 million shares at S$0.89 per share.

This increased his total interest from 55.16% to 55.27%. Since, late February, Dr Loo has been gradually increasing his total interest in the stock from 53.02%.

2. $Centurion(OU8.SI)$

On Sep 24, Centurion Corporation Kelvin Teo Peng Kwang acquired S$500,000 Fixed Rate Notes due 2026 with a consideration of S$520,774. Mr Teo now hold a principal amount of S$1.5 million in Centurion Corporation debentures.

Mr Teo has been the Chief Operating Officer of the Group’s accommodation business since August 2011 and an Executive Director since May 2018. He is responsible for the day-to-day operations and expansion of the accommodation business and assists the CEO in growth and strategic planning. 

3. $ABR(533.SI)$

Between Sep 20 and 23, ABR Holdings Managing Director Ang Yee Lim acquired 209,000 shares at an average price of S$0.415 per share.

This increased his direct interest in the homegrown restaurant operator from 52.34% to 52.44%. This year Mr Ang has gradually increased his interest from 52.12% at the end of 2023.

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

On Sep 24, Noel Gifts International Managing Director Alfred Wong Siu Hong acquired 128,800 shares at an average price of S$0.36 per share.

With a consideration of S$46,368 this increased his total interest in the leading hampers, flowers, and gifts company from 46.88% to 47.00%. This followed his acquisition of 163,500 shares at S$0.359 per share on Sep 16 and of 302,800 shares at S$0.356 per share between Sep 4 and 5.

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

On Sep 23, Mdm Ng Noi Hinoy, the spouse of Ho Bee Land executive chairman Chua Thian Poh, acquired 22,200 shares for a consideration of S$41,514.

At S$1.87 per share, this marginally increased Dr Chua's deemed interest in Ho Bee Land which stands at 75.59%. This followed Mdm Ng’s acquisition of 47,700 at S$1.85 a share between Sep 12 and 13.

6. $Goodland(5PC.SI)$

Between Sep 19 and 24, Goodland Group Managing Director and CEO Alvin Tan Chee Tiong’s total interest increased from 80.22% to 80.32%.

Dr Tan acquired 189,000 shares at S$0.106 per share on Sep 19 and his sibling, Ms Tan Bee Bee, acquired 100,400 shares at S$0.102 per share on 24 Sep.   

In addition to acquired company shares, there have also been executive stock sales:

7. $First Reit(AW9U.SI)$

On Sep 23, First REIT Management Limited Independent Director Martin Lechner sold 2,796,900 units of First REIT at an average price of S$0.275 per unit. This halved his direct interest in First REIT from 0.28% to 0.14%.

Mr Lechner had previously acquired 5 million units in a married deal on Feb 25, 2021, at S$0.20 per unit, and 796,900 units at S$0.21 per unit on Sep 18, 2023. The units acquired in Feb 2021 had also paid S$0.0893 in distributions, while the 796,900 units acquired in Sep 2023, paid S$0.0244 in distributions.

https://www.sgx.com/research-education/market-updates/20240930-raffles-medical-executive-chairman-expands-interest