Weekly Inflows: Wilmar Intl, ABR, Raffles Medical & Southern Alliance directors raise stake
The five trading sessions saw more than 70 director interests and substantial shareholdings filed for more than 30 primary-listed stocks. Directors or CEOs filed 15 acquisitions, and no disposals, while substantial shareholders filed six acquisitions and six disposals.
1. $Wilmar Intl(F34.SI)$
Between Nov 13 and 20, Wilmar International Chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 3,279,500 shares.
This increased his total interest from 14.16% to 14.22%. HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings each 819,875 acquired shares at an average price of S$3.08 per share. Mr Kuok has been gradually increasing his total interest in Wilmar International from 12.94% in October 2022.
2. $ABR(533.SI)$
Between Nov 14, and 20, ABR Holdings Managing Director Ang Yee Lim acquired 2,171,700 shares at S$0.40 per share.
This increased his direct interest in the homegrown restaurant operator from 52.51% to 53.59%. His preceding acquisitions were between Sep 27 and 30, when Mr Ang acquired 140,000 shares at S$0.417 per share. This year, Mr Ang has gradually increased his interest from 52.12% at the end of 2023.
3. $Raffles Medical(BSL.SI)$
On Nov 18, Raffles Medical Group executive chairman Loo Choon Yong acquired 150,000 shares at S$0.865 per share.
This increased his total interest from 55.49% to 55.40%. Since February, Dr Loo has gradually increased his total interest in the stock from 53.02%, with his preceding acquisition of 470,000 shares at an average price of S$0.889 per share on Sep 26.
4. $SouthernAlliance(QNS.SI)$
Between Nov 18 and 19, Southern Alliance Mining Managing Director Dato’ Sri Pek Kok Sam acquired 127,400 shares at an average price of S$0.410 a share.
This took his total interest in the Catalist-listed stock from 63.56% to 63.59%.
5. $Stamford Land(H07.SI)$
Between Nov 14 and 18, Stamford Land Corporation Executive Chairman Ow Chio Kiat acquired 138,900 shares at S$0.370 per share.
This marginally increased Mr Ow’s total interest which stands at 46.04%. Mr Ow is also the Executive Chairman of Singapore Shipping Corporation.
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It’s interesting to see Kuok Khoon Hong increasing his stake in Wilmar, which shows his strong confidence in the company’s future growth.
Despite market volatility, Southern Alliance Mining moves to underground mining could really pay off long-term
I like that Ang Yee Lim is not rushing it, just steadily adding shares, showing he believes in long-term potential.