3 Companies with Recent Insider Purchases

The term, Insider Purchase, is understood to be an action undertaken by a director, officer or executive within the company, to purchase shares in their respective company.

A positive sign is when these insiders start to purchase shares in their own company, this could indicate that they feel that the stocks could be trading at an attractive level and represent a worthwhile investment.

With that in mind, we will be looking at 3 companies with recent insider purchases:

• RE&S Holdings Limited (SGX: 1G1)
• GSH Corporation Limited (SGX: BDX)
• Ho Bee Land Limited (SGX: H13)

1) RE&S Holdings Limited (SGX: 1G1)

Established in 1988, RE&S Holdings Limited (“RE&S”) is a multi-concept owner and operator of F&B outlets in Singapore and Malaysia that provides customers with authentic Japanese cuisine and dining experience.

Since its incorporation, RE&S has grown from a single Fiesta restaurant into a network comprising its Corporate Headquarters which houses more than 1,600 employees across the corporate office, a central kitchen in Tai Seng, a procurement office in Japan, and more than 70 F&B outlets.

Key Statistics

Recent Purchases

Mr. Hiroshi Tatara, who is the current Executive Director & President of RE&S, has been actively purchasing shares of the company from the open market since September 2021. Due to the low trading liquidity, most of the transactions came in just below 10,000 shares.

One of the largest purchases would be on 24 September 2021, where he purchased 51,000 shares, at an average price of S$0.196.

With the series of purchases, this brings his effective stake in RE&S to 62.27%.

2) GSH Corporation Limited (SGX: BDX)

Listed on the Mainboard of the Singapore Exchange, GSH Corporation Limited (“GSH”) is a growing property developer in Asia, with five properties under development in Malaysia and China.

It also owns and operates the Sutera Harbour Resort in Kota Kinabalu, comprising two five-star hotels, a 104-berth marina and a 27-hole championship golf course, and the idyllic Sutera@Mantanani Resort on the Mantanani Islands in Sabah.

Key Statistics

Recent Purchases

Mr. Goi Seng Hui, who is the current Executive Chairman of GSH, has been purchasing the company’s share from open market since September 2021.

Two (2) of the more significant transactions occurred on 10 and 23 September 2021, where he purchased 300,000 & 433,000 shares respectively. The 2 transactions bring his effective stake in GSH to 63.62%.

3) Ho Bee Land Limited (SGX: H13)

Headquartered in Singapore, Ho Bee Land Limited (“Ho Bee Land”) has property investments and developments in Singapore, Australia, China, United Kingdom and Germany. The real estate development and investment company has a portfolio that covers residential, commercial, and high-tech industrial projects since its establishment in 1987.

Key Statistics

Recent Purchases

Dr. Chua Thian Poh, who is the current Chairman & Chief Executive Officer for Ho Bee Land, has been purchasing the company’s share from the open market since September 2021.

Some of the more significant purchases came in at 13 and 14 September, where he bought 90,000 & 99,000 shares from the open market.

Overall, the series of purchases increased his effective stake in Ho Bee Land to 75.53%.

Conclusion

To conclude, insider purchases is one strong indicator that the respective company’s share price could be trading at an attractive level, which prompts company’s management team to undertake these purchases.

Therefore, investors could make use of these trades to get started in their own investment decisions.

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