Chairman Zang Weizhong increased his holdings in LVJI Tech by purchasing 2.946 million shares at an average price of HK$0.4977 per share on 30th April 2024, with a total value of approximately HK$1.4662 million. Following this increase, Zang Weizhong's latest shareholding amounted to 560 million shares, raising his stake in the company from 33.02% to 33.20%.
The company has been diligent in increasing the number of online electronic guides and there was a significant increase in the number of Chinese tourist attractions covered during 2023. The growth achieved has been comprehensive.
This insider purchase endorses the solid ROE of 17.81% achieved for FY2023, as well as the P/E of 5.4x at the current price of HK$0.50, suggesting potential improvement and strengthening of the performance moving forward.
Superphang
http://superphang.blogspot.sg
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