samgoi5.14Billionaire Sam Goi (photo), after an absence of about four years, has resumed buying shares of Serial System, where he has long been the No.2 largest shareholder.

His purchases this month boosted his stake to 14.02%, or 125.6 million shares, worth about $21 million currently.


Purchase date

No. of shares

Average price

17 March 2017

196,100

16.6 c

16 March 2017

103,700

15.7 c

15 March 2017

67,000

15.4 c

14 March 2017

190,600

15.3 c

10 March 2017

378,600

14.9 c


Mr Goi's buying could have contributed to a rise in the share price of Serial System -- either directly and/or indirectly as other investors followed suit after noting his purchases.

On 9 March -- the day prior to his first purchase this month -- the stock closed at 14.3 cents. By 17 March, the stock had risen to 16.7 cents.

Mr Goi does not have board seat in Serial System but his son, Ben Goi Kok Neng, has been a non-executive director since April 2013.

Helmed by its No.1 shareholder, Derek Goh, the executive chairman and CEO, 
Serial System in 2016 achieved its highest annual revenue since its inception 28 years ago. 


The revenue was US$1.40 billion, up from US$1.22 billion in 2015. 

It, however, reported a lower net profit of US$4.6 million on several one-offs, compared to US$11.0 million for 2015.


Share Prices

Counter NameLastChange
AEM Holdings1.490-0.010
Alliance Mineral0.360-0.010
AusGroup0.047-0.001
Avi-Tech Electronics0.405-
Best World Int.1.250-0.010
China Sunsine1.5000.020
DISA Limited0.009-0.001
Dutech Holdings0.295-
Federal Int. (2000)0.250-
Food Empire0.6700.005
Geo Energy0.230-0.010
Golden Energy0.360-0.010
GSS Energy0.153-0.002
Heeton Holdings0.560-0.005
ISOTeam0.3550.005
KSH Holdings0.640-0.005
Lian Beng Group0.630-
Miyoshi0.061-0.001
Nordic Group0.540-
Oxley Holdings0.460-0.010
REX International0.052-0.001
Riverstone1.000-
Roxy-Pacific0.510-0.005
Serial System0.164-0.002
Sing Holdings0.4400.005
Sino Grandness0.215-0.005
Straco Corp.0.765-
Sunningdale Tech1.270-
Sunpower Group0.485-0.015
The Trendlines0.125-0.004
Tiong Seng0.395-0.010
Trek 2000 Int.0.150-
Uni-Asia Group1.400-
XMH Holdings0.300-
Yangzijiang Shipbldg1.030-0.020

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