the interesting part isn’t simply that insiders are buying—it’s where the buying is happening and whether it matches the business numbers. Across Sep 11–17, directors/CEOs reported 18 acquisitions versus six disposals, while 28 companies bought back S$101m of shares.

A-Sonic stands out: management has been buying repeatedly while H1 revenue rose 28.1% and attributable profit jumped 234%. The company is also expanding across ASEAN through acquisitions.

All-Link is another interesting signal: its executive director bought S$1.22m after H1 revenue grew 38.2%, although reported profit fell because of IPO expenses.

The key takeaway: insider buying is not a guarantee of upside, but when management keeps putting real money behind a company while earnings and expansion are improving, it deserves a closer look.

@SGX_Stars

Weekly | ALK, H13, BTJ, B61, WYO & BFT lead Buybacks

@SGX_Stars
Over the five sessions through to 17 September, 75 director interests and substantial shareholdings were filed for close to 40 primary-listed stocks. Directors or CEOs reported 18 acquisitions and six disposals, while substantial shareholders recorded nine acquisitions and eight disposals. In addition, the five sessions saw 28 primary-listed companies conduct buybacks with a total consideration of S$101 million, led by Singapore Telecommunications and Keppel. 1. $All-Link A&S(ALK.SI)$ All-Link Executive Director Increases Stake Following 1HFY26 Results On 14 September, Madam Tang Ying, Executive Director of All-Link Air & Sea, acquired 2.3 million shares on-market for S$1.22 million, or approximately S$0.53 per share. The purchase increased her direct interest to 57.94% from 56.42% previously. Madam Tang was appointed a Director in June 2022 and redesignated as Executive Director in June 2026. Listed on the Mainboard on 5 August, All-Link Air & Sea is a Singapore-headquartered regional logistics solutions provider focused on freight forwarding and cross-border logistics services across ASEAN, with operations in Singapore, Malaysia and the Philippines. 2. $Ho Bee Land(H13.SI)$ Ho Bee Land Chairman Continues to Accumulate On 11 September and 16 September, Chua Thian Poh's deemed interest in Ho Bee Land Limited increased through on-market purchases by Ho Bee Holdings (Pte) Ltd. On 11 September, Ho Bee Holdings (Pte) Ltd acquired 220,600 shares for S$447,818, implying an average price of approximately S$2.03 per share. On 16 September, it acquired a further 150,000 shares for S$303,000, or S$2.02 per share. The purchases increased Chua Thian Poh's deemed interest from 76.10% to 76.15%. 3. $A-Sonic Aero(BTJ.SI)$ A-Sonic Chairman and CEO Increases Stake Following Progressive Dividend Policy On 11 September, Janet LC Tan, Chairman and Chief Executive Officer of A-Sonic Aerospace acquired 333,400 shares on-market for S$186,291, or S$0.55876 per share. The purchase increased her direct interest to 67.40% from 67.07% previously. 4. $Bukit Sembawang(B61.SI)$ Bukit Sembawang Director Raises Stake as Group Sharpens Value Creation Narrative Between 9 September and 10 September, Lee Chien Shih, Non-Executive Director of Bukit Sembawang Estates, acquired an aggregate 26,400 shares on-market for S$116,061. The purchases comprised 13,100 shares on 9 September and 13,300 shares on 10 September, increasing his direct interest from 558,500 shares to 584,900 shares, representing 0.226% of the company’s issued share capital from 0.216% previously. 5. $Metrocon(WYO.SI)$ Metrocon Director Acquires Shares Following SGX Catalist Debut On 15 September, Charlotte Tay Tingyin, Non-Executive and Non-Independent Director of Metrocon Holdings, acquired 400,000 shares on-market for S$93,000, or approximately S$0.233 per share. The purchase established a direct interest of 0.23% in the company. On its trading debut, Metrocon opened at S$0.23 per share, reached an intraday high of S$0.295 and closed at S$0.235, 17.5% above its S$0.20 placement price, with approximately 8.45 million shares traded. As of 30 June, the group had an order book of approximately S$85.25 million and had completed more than 40 projects in Singapore. 6. $Lincotrade(BFT.SI)$ Lincotrade CEO and Executive Chairman Acquire Shares After Opto-Pharm Agreement Between 16 September and 17 September, Jackie Soh Loong Chow, Chief Executive Officer of Lincotrade & Associates Holdings, and Tan Kok Heng, Executive Chairman, acquired an aggregate 122,800 shares on-market for S$32,992. On 16 September, Mr Soh acquired 97,800 shares for S$26,117, or S$0.26705 per share, increasing his direct interest to 25.23% from 25.17% previously. On 17 September, Dr Tan acquired 25,000 shares for S$6,875, or S$0.275 per share, increasing his direct interest from 245,800 shares to 270,800 shares, equivalent to 0.15% of the company’s issued share capital from 0.14% previously. No deemed interests were disclosed. Markets are always moving - and sometimes, the best move is knowing what works for you. With Treasury yields, oil prices and rate expectations keeping markets on edge this week, investors are once again thinking carefully about where to position next. There’s no one-size-fits-all choice in investing — and the same goes for Tiger Merch. This month’s hot picks are in, featuring the Tiger Toiletry Bag, Universal Travel Adapter, Tiger Umbrella and more favourites chosen by fellow Tigers. Explore the Monthly Hot Picks in Tiger Coin Mall, now 12% OFF for a limited time. https://laohu8.com/J/redeemGift?goodID=100561&type=delivery
Weekly | ALK, H13, BTJ, B61, WYO & BFT lead Buybacks

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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