The smartest read on Soon Hock's outlook? Watch where the insiders put their own cash.

Tan Yeow Khoon, Founder and Executive Chairman of Soon Hock Holdings, acquired nearly S$500k worth of shares on 23 June — picking up 766,000 shares at S$0.65206 each — lifting his stake from 73.93% to 74.15%. This follows an earlier purchase of S$83.7k worth of shares by his son Walter Tan, the company's CEO.

When both the founder and the next-generation leader are putting their own money into the business, that is a strong vote of confidence. They likely see something very positive ahead for the business.

I imagine the conversation between father and son went something like this:

Father: You're running the company now — what's your read on the upcoming earnings report?

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Son: Strong. Very strong. In fact, I'm confident enough that I've already bought $83.7k worth of shares on the open market.

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Father: $83.7k? That's all? Son, if you truly believe in this, you don't nibble — you commit. I'm putting in $500k.


Prescientsuper
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