samgoi5.14Billionaire Sam Goi (photo), after an absence of about four years, has resumed buying shares of Serial System, where he has long been the No.2 largest shareholder.

His purchases this month boosted his stake to 14.02%, or 125.6 million shares, worth about $21 million currently.


Purchase date

No. of shares

Average price

17 March 2017

196,100

16.6 c

16 March 2017

103,700

15.7 c

15 March 2017

67,000

15.4 c

14 March 2017

190,600

15.3 c

10 March 2017

378,600

14.9 c


Mr Goi's buying could have contributed to a rise in the share price of Serial System -- either directly and/or indirectly as other investors followed suit after noting his purchases.

On 9 March -- the day prior to his first purchase this month -- the stock closed at 14.3 cents. By 17 March, the stock had risen to 16.7 cents.

Mr Goi does not have board seat in Serial System but his son, Ben Goi Kok Neng, has been a non-executive director since April 2013.

Helmed by its No.1 shareholder, Derek Goh, the executive chairman and CEO, 
Serial System in 2016 achieved its highest annual revenue since its inception 28 years ago. 


The revenue was US$1.40 billion, up from US$1.22 billion in 2015. 

It, however, reported a lower net profit of US$4.6 million on several one-offs, compared to US$11.0 million for 2015.


Share Prices

Counter NameLastChange
AEM2.1300.010
$ Alliance Mineral0.3650.030
AusGroup0.053-
Avi-Tech0.4250.005
Best World2.5300.050
China Sunsine0.6750.005
CWG Intl^0.1780.008
Cordlife1.040-
Dutech0.485-
Food Empire0.580-
Geo Energy Res0.340-
Golden Energy0.5150.010
$ GSS Energy0.190-
Heeton0.375-
Hiap Hoe0.715-
$ ISOTeam0.3950.005
King Wan0.165-
Lian Beng0.5300.010
Nordic0.3400.010
Oxley0.560-
$ Rex Intl0.066-
$ Resources Prima0.0320.003
Riverstone0.860-
Roxy-Pacific0.515-
Sunningdale Tech1.6650.030
Serial System^0.1870.005
Sino Grandness0.2400.020
Straco0.7650.005
Sunpower0.825-
Tiong Seng0.250-
$ Trendlines0.155-
Uni-Asia1.1750.020
XMH0.2850.005
Yamada Green Res0.4850.005
YZJ Shipbldg SGD1.130-
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