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INSIDE INSIGHTS

Sam Goi adds to Hanwell and Envictus stakes

FOR the four local trading sessions that spanned July 13 to 16, the Straits Times Index fell 1.1 per cent, with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 0.9 per cent decline. This has brought the STI's decline in total return for the 2020 year to July 16 to 16.6 per cent. Over the four sessions, the iEdge S-Reit Index fell 1.6 per cent, bringing its decline in total return for the 2020 year to July 16 to 8.4 per cent.

Share buybacks

There were just two primary-listed stocks conducting share buybacks over the four sessions that spanned July 13 to 16 with a total consideration of S$36,051, down from the S$2.4 million for the preceding week.

Director and substantial shareholder transactions

The four trading sessions through to July 16 saw more than 60 changes in director interests and substantial shareholdings, filed for 30 primary-listed stocks. This included 11 company director acquisitions, with four disposals filed, and substantial shareholders filing seven acquisitions and two disposals.

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Hanwell Holdings

On July 9, Hanwell Holdings substantial shareholder Sam Goi Seng Hui acquired 588,700 shares for a consideration of S$120,684. At 20.50 cents per share, this took his total interest in the stock from 17.96 per cent to 18.07 per cent. Mr Goi has gradually increased his total interest from 15.13 per cent on 14 March 2018. Hanwell Holding's largest shareholder is Violet Profit Holdings with a 24.23 per cent interest as at March 16. Executive chairman Allan Yap and his spouse executive director Tang Cheuk Chee also maintain a total 17.88 per cent interest in Hanwell Holdings.

Dutech Holdings

On July 13, Dutech Holdings' independent, non-executive director Hedda Juliana im Brahm-Droege increased her interest in the global manufacturer of high security products from 8.73 per cent to 8.84 per cent.

Dr im Brahm-Droege acquired 380,000 shares for a consideration of S$112,100, at 29.50 cents per share.

She has gradually increased her total interest in Dutech Holdings from 8 per cent on April 23.

Sats

On July 14, Sats president and CEO Alexander Charles Hungate acquired 36,000 shares of the listed company for a consideration of S$98,440, at an average price of S$2.73 a share. He maintains a 0.30 per cent direct interest in Sats.

On July 13, Sats director Tan Soo Nan also acquired 16,200 shares of the leading aviation catering and ground handler for a consideration of S$45,896, at an average price of S$2.83 per share.

This took his total interest to 34,088 shares.

Envictus International Holdings

Between July 9 and 14, Envictus International Holdings non-executive director and vice-chairman Sam Goi Seng Hui increased his total interest from 24.56 per cent to 24.90 per cent. Mr Goi, who is also the executive chairman of Tee Yih Jia Group and GSH Corporation, acquired 833,000 shares of Envictus for a consideration of S$81,634 at an average price of 9.80 cents per share.

Hong Fok Corporation

On July 9, Hong Fok Corporation executive director and joint CEO Cheong Sim Eng acquired 60,500 shares for a consideration of S$42,048 at 69.50 cents per share. This took his total interest from 19.87 per cent to 19.88 per cent. He has gradually increased his total interest in the property developer from 19.056 per cent at the end of 2018. His preceding acquisition saw him acquire 157,500 shares at an average price of 70.83 cents per share on July 3.

JEP Holdings

Between July 13 and 14, JEP Holdings executive director Zee Hoong Huay acquired 186,000 shares for a consideration of S$36,048. At an average price of 19.38 cents per share, the acquisitions increased his total interest in JEP Holdings from 15.69 per cent to 15.73 per cent.

This followed his acquisition of 100,000 shares at 19.80 cents per share on July 7 and 250,000 shares at 19.50 cents per share between June 25 and 30. He has gradually increased his total interest in JEP Holdings from 14.77 per cent on July 7, 2019.

  • The writer is the market strategist at Singapore Exchange (SGX). To read SGX's market research reports, visit sgx.com/research.

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