THE INSIDER
The Insider
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Sharp falls prompt several first-time director buys in Hong Kong stocks

Director activity high last week with 42 firms recording 212 transactions worth HK$464m

PUBLISHED : Sunday, 29 November, 2015, 8:15pm
UPDATED : Monday, 16 January, 2017, 10:28am

The director activity remained high based on filings on the Exchange in the fourth week of November with 42 companies that recorded 212 transactions worth HK$464 million. The figures were consistent with the previous week's 43 firms, 236 trades and HK$414 million. Buyers were more active with 33 companies that recorded 171 purchases worth HK$128 million versus 10 firms with 41 disposals worth HK$336 million.

The sharp fall in share prices prompted first-time buys by directors in Canvest Environmental Protection, Cosmo Lady China Holdings and Tianyun Holdings. last week.

Chairwoman Loretta Lee Wing Yee recorded the first corporate shareholder trades in solid waste handling services provider Canvest Environmental Protection since the stock was listed in December 2014 with 601,000 shares purchased from November 23 to 25 at HK$3.07 to HK$3.38 each, or an average of HK$3.19 each. The purchases were made on the back of the 33 per cent drop in the share price since May from HK$4.76. Despite the fall in the share price, the counter is still up since February from HK$2.25. The stock closed at HK$3.09 on Friday.

Deputy Chairman Zhang Sheng Feng recorded his first trade in female intimate wear products manufacturer Cosmo Lady China Holdings since the stock was listed in June 2014 with 150,000 shares purchased on November 25 at HK$7.01 each. The trade increased his holdings to 1.174 billion shares or 61.63 per cent of the issued capital. The acquisition was made on the back of the 18 per cent drop in the share price since August from HK$8.60. Despite the fall in the share price, the counter is still up since August 2014 from HK$3.50. The stock closed at HK$7.46 on Friday.

Chairman & CEO Yang Ziyuan recorded the first corporate shareholder trades in processed food producer and distributor Tianyun International since the stock was listed in July with 2 million shares purchased from November 23 to 26 at HK$1.18 to HK$0.84 each or an average of HK$0.99 each. The purchases were made after the stock fell by as much as 53 per cent from HK$1.79 in October. The counter is also sharply down since July from HK$2.49. The counter closed at HK$0.83 cents on Friday.

CEO Reinold Geiger and Executive Director André Joseph Hoffmann moved in to support the share price of natural and organic cosmetics retailer L'Occitane International after the stock fell from HK$18.00 in the last week of October to HK$15.00 this month. CEO Reinold Geiger acquired 121,000 shares from November 23 to 25 at HK$15.43 each, which boosted his stake to 1.028 billion shares or 69.66 per cent of the issued capital. Executive Director André Hoffmann purchased 256,000 shares on November 20 at HK$15.08 each. The stock closed at HK$15.72 on Friday.

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