Yahoo Finance Top Insider-Bought Stocks This Month
Company executives, directors and large existing shareholders ramping up shares in a particular company could signal higher confidence in the future outlook of the business. Generally, when insiders buy, their stock tends to outperform the market afterwards (The MIT Press, 1998). Should you followsuit? Below, I’ve chosen three SGX companies which insiders have recently accumulated more shares in.
Wilmar International Limited (SGX:F34)
Wilmar International Limited operates as an agribusiness company in the People’s Republic of China and internationally. Started in 1991, and now led by CEO Khoon Kuok, the company provides employment to 90,000 people and with the company’s market capitalisation at SGD SGD20.62B, we can put it in the large-cap category.
Wilmar International Limited’s (SGX:F34) insiders have invested more than 1 million shares in the large-cap stocks within the past three months. In total, individual insiders own over 485 million shares in the business, which makes up around 7.66% of total shares outstanding.
The insider that recently bought more shares is Khoon Kuok (management and board member) .
The entity that bought on the open market in the last three months was
Hong Lee Holdings Pte Ltd HPR investments Limited. Although this is an institutional investor, rather than a company executive or board member, the insights gained from direct access to management as a large investor would make it more well-informed than the average retail investor. In this specific instance, I would classify this investor as a company insider.
Analysts anticipate a relatively flat top-line growth year-on-year over the next couple of years. However, earnings are predicted to grow at an impressive rate of 10.01% in the upcoming year, from today’s level, which could indicate the company’s cost controls will show meaningful results, offsetting the slow revenue growth. Insiders may have confidence in these cost initiatives, or believe the market has overly penalized the company’s shares, leading to an opportune time to buy. Dig deeper into Wilmar International here.
Yanlord Land Group Limited (SGX:Z25)
Yanlord Land Group Limited, an investment holding company, engages in the property development activities in the People’s Republic of China. The company was established in 1993 and with the company’s market cap sitting at SGD SGD3.30B, it falls under the mid-cap group.
Yanlord Land Group Limited (SGX:Z25) is one of Singapore’s large-cap stocks that saw some insider buying over the past three months, with insiders investing in more than 15 million shares during this period. In total, individual insiders own over 1 billion shares in the business, which makes up around 70.41% of total shares outstanding.
The insider that recently bought more shares is Sheng Zhong (management and board member) .
With a notable expected earnings growth rate of 19.18% in the upcoming year, the current bullish sentiment around the company’s outlook may be a key driver for insiders to rally behind their own stock if they believe this growth potential has not yet been properly factored into the share price. More detail on Yanlord Land Group here.
Best World International Limited (SGX:CGN)
Best World International Limited develops, manufactures, and distributes skincare, personal care, nutritional, and wellness products. Best World International was started in 1990 and with the company’s market capitalisation at SGD SGD681.44M, we can put it in the small-cap category.
Best World International Limited (SGX:CGN) is one of Singapore’s small-cap stocks that saw some insider buying over the past three months, with insiders investing in 700,000 shares during this period. In total, individual insiders own over 102 million shares in the business, which makes up around 18.61% of total shares outstanding.
Insiders that have recently bought more shares are: Beng Mui Hoan (management and board member) . and Nee Tan (management and board member) .
With revenues predicted to grow at 16.15% each year for the next couple of years, driving an impressive earnings growth of 16.49%, insiders may be buying based on CGN’s optimistic outlook which they believe are not yet priced into the stock. More detail on Best World International here.
For more stocks with high, positive trading volume by insiders, explore this interactive list of stocks with recent insider buying.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
