Last week, Shanghai Chicmax Cosmetic Co., Ltd. (HKG:2145) insiders, who had purchased shares in the previous 12 months were rewarded handsomely. The shares increased by 14% last week, resulting in a HK$3.3b increase in the company’s market worth, implying a 78% gain on their initial purchase. In other words, the original CN¥67.7m purchase is now worth CN¥120.3m.
Although we don’t think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
We’ve discovered 1 warning sign about Shanghai Chicmax Cosmetic. View them for free.
The Last 12 Months Of Insider Transactions At Shanghai Chicmax Cosmetic
Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Director Yan Luo for HK$12m worth of shares, at about HK$40.51 per share. We do like to see buying, but this purchase was made at well below the current price…
