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Insider Buying: The SUNeVision Holdings Ltd. (HKG:1686) CEO & Executive Director Just Bought 25% More Shares

Simply Wall St ·  Sep 14, 2022 18:46

Whilst it may not be a huge deal, we thought it was good to see that the SUNeVision Holdings Ltd. (HKG:1686) CEO & Executive Director, Kwok Kong Tong, recently bought HK$250k worth of stock, for HK$5.00 per share. That purchase might not be huge but it did increase their holding by 25%.

View our latest analysis for SUNeVision Holdings

SUNeVision Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the COO & Executive Director, Man-Yuen Chan, for HK$625k worth of shares, at about HK$7.11 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (HK$4.73). So it may not tell us anything about how insiders feel about the current share price. Man-Yuen Chan was the only individual insider to sell over the last year.

Man-Yuen Chan ditched 198.00k shares over the year. The average price per share was HK$7.12. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volumeSEHK:1686 Insider Trading Volume September 14th 2022

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that SUNeVision Holdings insiders own 0.4% of the company, worth about HK$83m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At SUNeVision Holdings Tell Us?

It's certainly positive to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. While recent transactions indicate confidence in SUNeVision Holdings, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. Overall they seem reasonably aligned. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SUNeVision Holdings. Every company has risks, and we've spotted 2 warning signs for SUNeVision Holdings you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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