In This Article:
Whilst it may not be a huge deal, we thought it was good to see that the Hing Lee (HK) Holdings Limited (HKG:396) Chairman & CEO, Kai Hing Sung, recently bought HK$202k worth of stock, for HK$0.18 per share. That might not be a big purchase but it only increased their holding by 0.4%, and could be interpreted as a good sign.
View our latest analysis for Hing Lee (HK) Holdings
Hing Lee (HK) Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by Chairman & CEO Kai Hing Sung was not their only acquisition of Hing Lee (HK) Holdings shares this year. They previously made an even bigger purchase of HK$304k worth of shares at a price of HK$0.20 per share. That means that an insider was happy to buy shares at above the current price of HK$0.19. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Kai Hing Sung was the only individual insider to buy over the year.
Kai Hing Sung purchased 4128000 shares over the year. The average price per share was HK$0.19. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Hing Lee (HK) Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Hing Lee (HK) Holdings insiders own 58% of the company, currently worth about HK$89m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Hing Lee (HK) Holdings Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Hing Lee (HK) Holdings. One for the watchlist, at least! To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.