To The Moon

The five trading sessions saw more than 120 director interests and substantial shareholdings filed for close to 50 primary-listed stocks. Directors or CEOs filed 19 acquisitions and no disposals, while substantial shareholders filed nine acquisitions and five disposals. 

1. $Raffles Medical(BSL.SI)$

On Sep 26, Raffles Medical Group executive chairman Dr Loo Choon Yong acquired 470,000 shares at an average price of S$0.889 per share. This increased his total interest from 55.27% to 55.3%. 

Since late-February, Dr Loo has been gradually raising his total interest in the stock from 53.02%, with 7.02 million shares added to his total interest over August and September.

2. $Far East Orchard(O10.SI)$

On Sep 27, Far East Orchard chair and non-executive director Koh Kah Sek acquired 90,000 shares at an average price of S$1.02 apiece.

This took her direct interest to 0.02%. As she is directly associated with Far East Organization, which is a substantial shareholder of the company, she is also considered by the board to be non-independent.

3. $Stamford Land(H07.SI)$

Between Sep 25 and Sep 30, Stamford Land Corporation executive chairman Ow Chio Kiat acquired 254,600 shares at S$0.375 per share. This increased his total interest from 46% to 46.02%.

4. $LMS Compliance(LMS.SI)$

On Sep 24, Louis May acquired 170,000 shares of LMS Compliance at an average price of S$0.356 apiece.

This increased the aggregate deemed interest of executive director and CEO Dr Ooi Shu Geok, and executive director and chief development officer Chong Moi Me from 83.51% to 83.7%. Both Dr Ooi and Chong are deemed interested in the Catalist-listed company through shares held by Louis May and Fitcorp Value.

5. $ABR(533.SI)$

Between Sep 27 and Sep 30, ABR Holdings managing director Ang Yee Lim acquired 140,000 shares at an average price of S$0.417 per share.

This increased his direct interest in the homegrown restaurant operator from 52.44% to 52.51%. This year, Ang has raised his interest from 52.12% as at the end of 2023. He has served as managing director since July 2004.

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

On Oct 2, Ng Noi Hinoy, the spouse of Ho Bee Land's executive chairman Chua Thian Poh, acquired 12,100 shares for a consideration of S$23,601.

At S$1.95 per share, this marginally increased Dr Chua’s deemed interest in Ho Bee Land, which stands at 75.59%. This followed Ng’s acquisition of 47,700 shares at S$1.85 apiece between Sep 12 and Sep 13, and 22,200 shares at S$1.87 each on Sep 23.

7. $Goodland(5PC.SI)$

On Sep 27, Goodland Group executive director Melanie Tan acquired 124,500 shares at S$0.103 per share.

This increased her direct interest from 6.11% to 6.14%. She also maintains a 74.21% deemed interest, bringing her total interest to 80.35%. This also increased the total interest of chairman Ben Tan and managing director and CEO Alvin Tan.

https://www.sgx.com/research-education/market-updates/20241007-buybacks-continue-moderate-pace-far-east-orchard-chair