SGX Market Updates

Sam Goi Continues to Boost His Stakes in PSC and GSH

Publish date: Mon, 15 Apr 2024, 02:33 PM
Sam Goi continues to boost his stakes in PSC and GSH

INSTITUTIONS were net sellers of Singapore stocks over the four trading sessions from Apr 5 to 11, with S$44 million of net institutional outflow, as 21 primary-listed companies conducted buybacks with a total consideration of S$25 million.

Leading the outflow over the period were Singtel, Seatrium, Yangzijiang Shipbuilding Holdings, Keppel, Mapletree Logistics Trust, Singapore Airlines, Raffles Medical Group, Frasers Logistics & Commercial Trust, CapitaLand Investment and Jardine Matheson Holdings. 

Meanwhile, Jardine Cycle & Carriage, Genting Singapore, OCBC, ComfortDelGro, UOB, DBS, Wilmar International, Dyna-Mac Holdings, Venture Corporation and Sembcorp Industries led the net institutional inflow over the four sessions.

The four trading days saw close to 70 changes to director interests and substantial shareholdings filed for more than 30 primary-listed stocks.

Directors or CEOs filed 17 acquisitions, and five disposals, while substantial shareholders filed 13 acquisitions and seven disposals.

PSC Corporation executive chairman Sam Goi also continued to build his interest in the consumer product manufacturer and distributor.

He acquired 144,700 shares of the company at S$0.352 per share, taking his total interest from 30.74 per cent to 30.77 per cent. Goi also bought more shares of GSH Corporation, where he also serves as executive chairman.

He acquired the 151,000 shares at S$0.165 per share, taking his total interest in the South-east Asia property developer from 63.69 per cent to 63.70 per cent.

Also, among the largest transactions during the period, was International Cement Group executive director Chng Beng Hua acquiring 2,977,300 shares for a consideration of S$47,639 on Apr 9.

At S$0.016 per share, this increased his total interest in the leading procurer of cement from 0.34 per cent to 0.39 per cent.

Inside Insights is a weekly column on The Business Times, read the original version.

Enjoying this read?

  • Subscribe now to the weekly SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies.
  • Stay up-to-date with our SGX Invest Telegram channel.
Related Stocks
Market Buzz
Be the first to like this. Showing 0 of 0 comments

Post a Comment