Thursday, April 20, 2017

WILL THIS STOCK BE A SUPER MULTIBAGGER?

singapore stocks
Dear readers, I think you will agree with me that when an investor buys a stock, it is always with the wish and expectation of capital appreciation. And when the CEO of the listed company buys his own stocks, then it is always a sign to investors in general that the CEO is confident of his own company business and that it is a good sign. And if a CEO repeatedly buys stocks of his own company, I will think that is a very good sign indeed.

So you might ask why Tom K is talking about all the above? Is that one such company whose CEO has been buying shares of his listed company very often? Yes, indeed there is. For although many retail investors focus on the Singapore stocks markets in terms of how much the STI performs every day, which stocks make it to the top 20 volume, 20% gainers, 20% losers and how our own stocks perform daily; if we look more closely, via the daily company disclosure announcements (you can visit this link here) ; then the Singapore stocks markets will offer more insights, some of which are really exciting to Singapore investors.

There has been a Singapore stock whose CEO has been buying the stocks of his own company with the latest transaction on 18 Apr 2017 and the purchase has been carried out on a very regular basis. Between January to April, about 71 million shares were purchased by the CEO, although the number of shares seems large, the increasing in the CEO’s stake in the company was just 2% since the number of shares purchased per transaction was not large, however it is still to me a vote of confidence in the company’s business.

Finally, what is this stock? Well, the name of the stock is none other than ACCRELIST. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
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