Want Want China Holdings Limited (HKG:151) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, Eng-Meng Tsai, recently bought a whopping HK$5.2m worth of stock, at a price of HK$4.21. While that only increased their holding size by 0.02%, it is still a big swing by our standards.
The Last 12 Months Of Insider Transactions At Want Want China Holdings
In fact, the recent purchase by Eng-Meng Tsai was the biggest purchase of Want Want China Holdings shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is HK$4.42. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Want Want China Holdings share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Eng-Meng Tsai.
Eng-Meng Tsai bought a total of 2.73m shares over the year at an average price of HK$4.20. 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!
Want Want China Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Want Want China Holdings insiders own about HK$30b worth of shares (which is 57% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Want Want China Holdings Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Want Want China Holdings. Nice! Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Want Want China Holdings.
But note: Want Want China Holdings 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 of direct interests only, but not derivative transactions or indirect interests.
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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.