Their share prices have gone up significantly this year, yet three listcos have reported that insiders bought stock this month.

teeweesien4.17Private investor and Oxley Holdings substantial shareholder Tee Wee Sien's most recent 2 purchases are nearly 2 years apart.
Chart: Bloomberg
At Oxley Holdings (stock price gain year-to-date: +37%), substantial shareholder Tee Wee Sien (who does not hold any executive role) last week bought 150,000 shares at 59 cents.

It's a notable transaction because that was his first purchase since Aug 2015 when he bought 105,000 shares at 38.8 cents.

Possible near-term good news: Oxley could report significant profitability during its upcoming 3Q and 4Q results, going by RHB Research's forecast.

RHB is forecasting $325 m in profit for FY2017, which implies S$186 m over 3Q and 4QFY2017. (For more, see: )




No. of shares/price

Purchase date

Total holding


Tee Wee Sien

@ 59 c

12 Apr

356.1 m


Chang Yeh Hong

Teo Ling Ling

@ 34 c

@ 34 c

3 Apr

3 Apr

210.7 m

31.9 m

GSS Energy

Sydney Yeung

1.4 million
@ 17.5 c

12 Apr

90.7 m

sydneyyeung8.14Sydney Yeung. NextInsight file photoAt GSS Energy (stock price gain year-to-date: +100%), CEO Sydney Yeung's investment vehicle Roots Capital Asia bought 1.4 million shares at 17.5 cents.

It last bought 3 million shares in March 2017 at 17.3 cents.

Possible near-term good news: The start of oil production at its oilfield in Indonesia. (For more, see: )

ChangYehHong2.16Chang Yeh Hong. NextInsight file photoAt Nordic Group (stock price gain year-to-date: +48%), executive chairman Chang Yeh Hong and executive director Teo Ling Ling have made purchases on the same day  -- 12 April 2017 -- at the same price of 34 cents.

Their purchases are striking because of the price and because they have not bought in a long time.

For Mr Chang, 34 cents is double what he last paid (17.5 cents) in April 2016 when he bought 411,000 shares.

Austin Dorcas6.15Dorcas Teo. NextInsight file photoSimilarly, for Ms Dorcas Teo, 34 cents is nearly double her last purchase price (18.8 cents) in Oct 2015 when she bought 260,000 shares.

Possible near-term good news: Nordic has announced a potential acquisition, as well as dividends for FY2016.

Share Prices

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 443 guests and no members online