Hin Ming Chu Spends HK$795k On Hong Wei (Asia) Holdings Shares

Investors who take an interest in Hong Wei (Asia) Holdings Company Limited (HKG:8191) should definitely note that insider Hin Ming Chu recently paid HK$0.15 per share to buy HK$795k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

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Hong Wei (Asia) Holdings Insider Transactions Over The Last Year

In fact, the recent purchase by Hin Ming Chu was the biggest purchase of Hong Wei (Asia) Holdings shares made by an insider individual in the last twelve months, according to our records. Even though the purchase was made at a significantly lower price than the recent price (HK$0.20), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Hong Wei (Asia) Holdings

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership Of Hong Wei (Asia) Holdings

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Hong Wei (Asia) Holdings insiders own 41% of the company, currently worth about HK$4.4m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Hong Wei (Asia) Holdings Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Hong Wei (Asia) Holdings. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hong Wei (Asia) Holdings. You'd be interested to know, that we found 1 warning sign for Hong Wei (Asia) Holdings and we suggest you have a look.

Of course Hong Wei (Asia) Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.