Tsim Sha Tsui Properties Limited (HKG:247) shareholders (or potential shareholders) will be happy to see that the Executive Chairman, Chee Siong Ng, recently bought a whopping HK$699m worth of stock, at a price of HK$18.74. While that only increased their holding size by 2.7%, it is still a big swing by our standards.

Check out our latest analysis for Tsim Sha Tsui Properties

The Last 12 Months Of Insider Transactions At Tsim Sha Tsui Properties

Notably, that recent purchase by Chee Siong Ng is the biggest insider purchase of Tsim Sha Tsui Properties shares that we've seen in the last year. That means that even when the share price was higher than HK$18.00 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Chee Siong Ng was the only individual insider to buy during the last year.

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

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

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Tsim Sha Tsui Properties insiders own about HK$25b worth of shares (which is 66% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Tsim Sha Tsui Properties Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Tsim Sha Tsui Properties. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tsim Sha Tsui Properties. Be aware that Tsim Sha Tsui Properties is showing 3 warning signs in our investment analysis, and 1 of those is potentially serious...

But note: Tsim Sha Tsui Properties may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.