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Robert Halili

Buying among directors fell for the first time in three weeks while selling rose for the second consecutive week, last week's stock exchange filings showed.
There were 18 firms with 77 purchases worth HK$789 million, against 39 companies with 156 disposals amounting to HK$579 million.
In the previous week, there were 25 firms in 127 purchases worth HK$807 million, while 31 companies saw 172 disposals valued at HK$365 million.
Buy-back activity also fell, with seven companies making 18 purchases worth HK$51.7 million, down from the previous week's eight companies and 39 trades worth HK$154 million.
Last week, there were rare trades in Sany Heavy Equipment International Holdings, China Tianyi Holdings, Man Wah Holdings and China Dredging Environment Protection Holdings.
Sany recorded the first trades by a director in the coal mining equipment maker since it was listed in November 2009.
Chief executive Mei Yonghua bought 150,000 shares from May 7 to 21 at HK$1.96 to HK$2.37 each, or an average of HK$2.27 each. The trades came after a drop in the share price since January 2013 from HK$4.65. The stock is also down from April 2011's HK$9.47.
Mei's transactions were made at sharply lower than the listing price of HK$4.80.
The stock closed at HK$2.58 on Friday.
At Tianyi, chairman Sin Ke made his first trades in the frozen concentrated orange juice producer since November 2012 with five million shares bought on May 19 and 20 at HK$1.11 each.
The trades increased his holdings to 674.6 million shares or 50.05 per cent of the issued capital and were made on the back of a 59 per cent jump in the share price from January's 70 HK cents. The counter is still down from HK$1.57 in July 2013.
Sin previously bought 4.1 million shares from November 14 to 30, 2012, at HK$1.07 each and 16,000 shares on July 5, 2012, at HK$1.23 each. His purchases since 2012 were his first since the stock was listed in July 2008. His buying prices were higher than the listing price of 73 HK cents.
The stock closed at HK$1.33 on Friday.
Chairman Wong Man-li recorded his first trades in mainland furniture manufacturer Man Wah since July 2012 with five million shares bought from May 22 to 27 at an average of HK$8.91 each.
The trades, which accounted for 19 per cent of the stock's trading volume, increased his holdings to 1.19 billion shares or 61.29 per cent of the issued capital. They were made on the back of the 60 per cent rise in the share price since October last year from HK$5.57.
Wong previously acquired 10.5 million shares in July 2012 at HK$1.48 each and 12.7 million shares from June to August 2011 at HK$3.45 each.
Investors should note that there were also buy-backs earlier this year - 40 million shares from February 25 to March 25 at an average of HK$6.80 each.
The stock closed at HK$8.77 on Friday.
Chief executive Liu Kaijin bought 17.1 million China Dredging shares on May 22 at HK$2.17 each in his first trade in the dredging services provider since October last year.
The trade raised his holdings to 369.5 million shares or 35.99 per cent of the issued capital and followed a 79 per cent rise in the share price since December last year from HK$1.21.
Last year, Liu acquired 6.3 million shares from September 26 to October 10 at an average of HK$1.90 each and 10.37 million shares from April 29 to May 22 at an average of HK$2.36 each.
Liu's purchase prices were lower than the stock's listing price of HK$3.19 in June 2011.
The stock closed at HK$2.17 on Friday.
Robert Halili is the managing director of Asia Insider


Rare trades steal focus as director buying loses momentum in HK

Sin Ke has made a rare trade in juice producer China Tianyi Holdings he heads. Photo: Felix Wong

Business

Markets

Sany and Tianyi among those stocks with unusual activity while more directors step up sales


Expresses the views, ideas and conclusions of the author. (Eg. Enough of Crazy Rich Asians, think of crazy poor Hongkongers.)


Column

The Insider

Rare trades steal focus as director buying loses momentum in HK

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Sany and Tianyi among those stocks with unusual activity while more directors step up sales

Sany and Tianyi among those stocks with unusual activity while more directors step up sales