We note that the Tai Sang Land Development Limited (HKG:89) Executive Deputy Chairman, Ching Yeung Ma, recently sold HK$80k worth of stock for HK$3.80 per share. It might not be a huge sale, but it did reduce their holding size 16%, hardly encouraging.
View our latest analysis for Tai Sang Land Development
Tai Sang Land Development Insider Transactions Over The Last Year
In fact, the recent sale by Ching Yeung Ma was the biggest sale of Tai Sang Land Development shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of HK$3.69. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
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. Based on our data, Tai Sang Land Development insiders have about 1.8% of the stock, worth approximately HK$19m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.
So What Do The Tai Sang Land Development Insider Transactions Indicate?
An insider sold Tai Sang Land Development shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that Tai Sang Land Development is showing 4 warning signs in our investment analysis, and 1 of those is potentially serious...
But note: Tai Sang Land Development may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.