Insiders always move faster than us for SREITs
$Mapletree PanAsia Com Tr (N2IU.SG)$ $Mapletree Log Tr (M44U.SG)$ $Mapletree NAC Tr (RW0U.SG)$ $CapLand IntCom T (C38U.SG)$
Whenever there’s issuing of new shares for CICT MLT, the share price would move downtrend starting from weeks before the announcement. I strongly suspect the insiders who knew about this in advance had been selling their shares before the announcement (and buy back later)!
It seems that MCT and MNACT is pending a merger, which is good for MNACT and bad for MCT holders, so is suggested by the price move for the two counters in the past weeks.
As an MCT holder, I hope I’m wrong.
If what I suspected is true, this has to be stopped. It harms the investors without any insider infomation and kills their confidence/trust in the respective SREITs.
Anyone plans to write to SGX on this matter, or knows a better way to reflect this to any authorities?
Whenever there’s issuing of new shares for CICT MLT, the share price would move downtrend starting from weeks before the announcement. I strongly suspect the insiders who knew about this in advance had been selling their shares before the announcement (and buy back later)!
It seems that MCT and MNACT is pending a merger, which is good for MNACT and bad for MCT holders, so is suggested by the price move for the two counters in the past weeks.
As an MCT holder, I hope I’m wrong.
If what I suspected is true, this has to be stopped. It harms the investors without any insider infomation and kills their confidence/trust in the respective SREITs.
Anyone plans to write to SGX on this matter, or knows a better way to reflect this to any authorities?
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Huat goldfish : Most insider news is technically not illegal. In some instance (not in this case), the news is halted (reaches the public slower); you can deem this a handicap to us the non-paying public folk. In other instances, there is a window for insiders (eg. Directors of companies) to buy the shares and after this window there is a blackout period where they cannot trade at all.
YC Xiao : Agreed, protect small investors.
Huat goldfish : If we are non-paying and not a major contributor (director; their actions lead to how the company and in turn share price performs), major sponsor Etc, I think it is reasonable they are entitled to those stuff we are not
IceLemonade OP Huat goldfish : In your opinion, what is happening for this case? It’s just that I found the share price trend and announcement of new actions recently for these REITs are too coincidental.
101655953 Huat goldfish :
101655953 Huat goldfish : Well-said .... Sounds fair enough
Duskerdawn : While I have noticed the same patterns as you for SG markets, there is really no recourse for this. We can only accept the reality that the world is unfair. Our insider trading laws are not as robust as US and not as aggressively enforced. You can write in but nothing will change much...
Huat goldfish Duskerdawn : Agree. The world is not a fair place. It's just the reality of it
IceLemonade OP Duskerdawn : I c. I’m new to investment (for less than 3 years) and is not familiar with SG market. I guess that’s one of the reason STI has been quite disappointing since recent years (I heard the complaints from other investors). Luckily I’ve sold off most of my SG equities and put these funds into US market since last year. I still partially stay in SG market only because I live here.
Duskerdawn IceLemonade OP : There are some reasons to put it into SG market too. For example, SG market is rather low in volatility so it suits people with low tolerance for sharp price movements. Do note it works both ways it hardly moves either up or down. So your investment is somewhat intact. The trade off is that the returns are also somewhat lower compared to the other markets.
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