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 Holdings3.3000.010
Alliance Mineral0.440-0.015
AusGroup0.0490.002
Avi-Tech Electronics0.485-
Best World Int.1.340-
China Sunsine0.9900.055
CWG International0.1950.001
DISA Limited0.014-
Dutech Holdings0.340-
Federal Int. (2000)0.400-
Food Empire0.6900.005
Geo Energy0.2700.005
Golden Energy0.4150.005
GSS Energy0.1630.003
Heeton Holdings0.5900.015
ISOTeam0.345-
KSH Holdings0.8000.005
Lian Beng Group0.755-
Miyoshi0.076-0.001
Nordic Group0.5700.005
Oxley Holdings0.6800.015
REX International0.0680.005
Riverstone1.0900.030
Roxy-Pacific0.555-
Serial System0.1650.004
Sing Holdings0.445-
Sino Grandness0.205-
Straco Corp.0.875-0.010
Sunningdale Tech1.900-
Sunpower Group0.550-
The Trendlines0.1500.003
Tiong Seng0.390-
Trek 2000 Int.0.2700.005
Uni-Asia Group1.2900.010
XMH Holdings0.2450.025
Yangzijiang Shipbldg1.6000.010

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