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$3.31 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.
儘管FIt Hon Teng（HKG:6088）的價值在過去一週內下降了17％，但在過去12個月中賣出了US$ 12600萬的股票的內部人士卻遭受了較少的損失。此次賣出的平均價格爲US$3.31，仍低於當前股價，或者換句話說，內部人士繼續持有其股票會更好。
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
雖然我們不認爲股東應該簡單地跟隨內部交易，但完全忽略內部交易將是愚蠢的。
FIT Hon Teng Insider Transactions Over The Last Year
FIt Hon Teng過去一年內的內部交易
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.
過去12個月中，首席運營官，首席財務官兼執行董事Pochin Lu進行了最大的內部人士售出。單筆交易金額爲5700萬港元，每股價格爲3.17港元。我們通常不喜歡看到內部人員的賣出，但售出價格越低，我們越擔心。好的是，這次售出是在最新價格（2.58港幣）之上進行的。因此，這可能並不能告訴我們內部人員對當前股價的感受。
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內部人士在過去一年中沒有購買任何股票。下面的圖表顯示了過去一年內企業和個人內部交易。如果單擊圖表，您可以查看所有單獨的交易，包括股價，個體和日期！
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).
如果你喜歡購買內部人員正在購買而不是銷售的股票，那麼你可能會喜歡這份免費的公司列表。（提示：它們中的大部分都被忽視了。）
FIT Hon Teng Insiders Are Selling The Stock
FIt Hon Teng內部人士正在拋售股票
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.
最近一個季度，FIt Hon Teng的內部人員大規模賣出了股票。具體而言，內部人士在那段時間內拋售了1.26億港元的股票，我們沒有記錄任何購買。這可能意味着一些內部人士認爲股票不便宜。
Does FIT Hon Teng Boast High Insider Ownership?
FIt Hon Teng擁有高內部持股嗎？
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.
測試公司領導者和其他股東之間的關係另一種方法是查看他們擁有多少股份。如果內部人員在公司中擁有大量股份，這是一個好跡象。很高興看到FIt Hon Teng的內部人員擁有公司的6.1％，價值約11億港元。大多數股東會高興看到這種內部所有權，因爲這表明管理激勵和其他股東的利益是對齊的。
What Might The Insider Transactions At FIT Hon Teng Tell Us?
FIt Hon Teng的內部交易告訴我們可能有什麼問題？
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.
在過去的三個月中，內部人員沒有購買過FIt Hon Teng的股票，但有一些拋售。即使我們看過去一年，也沒有看到任何購買。雖然內部人員確實擁有該公司的很多股份（這是好的），但我們對他們的交易分析並不讓我們對該公司感到有信心。因此，了解內部人員在購買或出售方面的情況固然有幫助，了解特定公司面臨的風險也同樣重要。例如，我們已確定FIt Hon Teng存在2個警告信號（其中1個令人擔憂），您應該知道這一點。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
當然，您可能會在其他地方找到一項出色的投資。因此，請查看此免費的有趣公司列表。
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.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
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.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。