Selling FIT Hon Teng Shares at a Lower Price Than Current Market Value May Have Been a Costly Mistake for Insiders
Selling FIT Hon Teng Shares at a Lower Price Than Current Market Value May Have Been a Costly Mistake for Insiders
Despite the fact that FIT Hon Teng Limited's (HKG:6088) value has dropped 17% in the last week insiders who sold US$126m worth of stock in the past 12 months have had less success. The average selling price of US$3.31 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.
尽管FIt Hon Teng（HKG:6088）的价值在过去一周内下降了17％，但在过去12个月中卖出了US$ 12600万的股票的内部人士却遭受了较少的损失。此次卖出的平均价格为US$3.31，仍低于当前股价，或者换句话说，内部人士继续持有其股票会更好。
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
虽然我们不认为股东应该简单地跟随内部交易，但完全忽略内部交易将是愚蠢的。
FIT Hon Teng Insider Transactions Over The Last Year
FIt Hon Teng过去一年内的内部交易
The COO, CFO & Executive Director, Pochin Lu, made the biggest insider sale in the last 12 months. That single transaction was for HK$57m worth of shares at a price of HK$3.17 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (HK$2.58). So it may not tell us anything about how insiders feel about the current share price.
过去12个月中，首席运营官，首席财务官兼执行董事Pochin Lu进行了最大的内部人士售出。单笔交易金额为5700万港元，每股价格为3.17港元。我们通常不喜欢看到内部人员的卖出，但售出价格越低，我们越担心。好的是，这次售出是在最新价格（2.58港币）之上进行的。因此，这可能并不能告诉我们内部人员对当前股价的感受。
Insiders in FIT Hon Teng didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
FIt Hon Teng内部人士在过去一年中没有购买任何股票。下面的图表显示了过去一年内企业和个人内部交易。如果单击图表，您可以查看所有单独的交易，包括股价，个体和日期！
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
如果你喜欢购买内部人员正在购买而不是销售的股票，那么你可能会喜欢这份免费的公司列表。（提示：它们中的大部分都被忽视了。）
FIT Hon Teng Insiders Are Selling The Stock
FIt Hon Teng内部人士正在抛售股票
The last quarter saw substantial insider selling of FIT Hon Teng shares. Specifically, insiders ditched HK$126m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
最近一个季度，FIt Hon Teng的内部人员大规模卖出了股票。具体而言，内部人士在那段时间内抛售了1.26亿港元的股票，我们没有记录任何购买。这可能意味着一些内部人士认为股票不便宜。
Does FIT Hon Teng Boast High Insider Ownership?
FIt Hon Teng拥有高内部持股吗？
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that FIT Hon Teng insiders own 6.1% of the company, worth about HK$1.1b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
测试公司领导者和其他股东之间的关系另一种方法是查看他们拥有多少股份。如果内部人员在公司中拥有大量股份，这是一个好迹象。很高兴看到FIt Hon Teng的内部人员拥有公司的6.1％，价值约11亿港元。大多数股东会高兴看到这种内部所有权，因为这表明管理激励和其他股东的利益是对齐的。
What Might The Insider Transactions At FIT Hon Teng Tell Us?
FIt Hon Teng的内部交易告诉我们可能有什么问题？
Insiders haven't bought FIT Hon Teng stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 2 warning signs for FIT Hon Teng (1 is concerning) you should be aware of.
在过去的三个月中，内部人员没有购买过FIt Hon Teng的股票，但有一些抛售。即使我们看过去一年，也没有看到任何购买。虽然内部人员确实拥有该公司的很多股份（这是好的），但我们对他们的交易分析并不让我们对该公司感到有信心。因此，了解内部人员在购买或出售方面的情况固然有帮助，了解特定公司面临的风险也同样重要。例如，我们已确定FIt Hon Teng存在2个警告信号（其中1个令人担忧），您应该知道这一点。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
当然，您可能会在其他地方找到一项出色的投资。因此，请查看此免费的有趣公司列表。
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.
对于本文而言，内部人是指向相关监管机构报告其交易的个人。我们目前仅考虑公开市场交易和直接利益的私人处置，但不包括衍生交易或间接利益。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈？对内容有任何疑虑？请直接与我们联系。或者，发送电子邮件至editorial-team@simplywallst.com。