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The Executive Vice Chairman of China Nuclear Energy Technology Corporation Limited (HKG:611), Genyu Liu, Just Bought 8.3% More Shares

Investors who take an interest in China Nuclear Energy Technology Corporation Limited (HKG:611) should definitely note that the Executive Vice Chairman, Genyu Liu, recently paid HK$0.86 per share to buy HK$1.9m worth of the stock. Although the purchase only increased their holding by 8.3%, it is still a solid purchase in our view.

Check out our latest analysis for China Nuclear Energy Technology

China Nuclear Energy Technology Insider Transactions Over The Last Year

Notably, that recent purchase by Genyu Liu is the biggest insider purchase of China Nuclear Energy Technology shares that we’ve seen in the last year. That means that an insider was happy to buy shares at around the current price of HK$0.88. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. The good news for China Nuclear Energy Technology share holders is that insiders were buying at near the current price.

China Nuclear Energy Technology insiders may have bought shares in the last year, but they didn’t sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

SEHK:611 Insider Trading Volume April 29th 2022

China Nuclear Energy Technology is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does China Nuclear Energy Technology Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. It appears that China Nuclear Energy Technology insiders own 14% of the company, worth about HK$157m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About China Nuclear Energy Technology Insiders?

It’s certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about China Nuclear Energy Technology. Looks promising! So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. At Simply Wall St, we’ve found that China Nuclear Energy Technology has 3 warning signs (2 can’t be ignored!) that deserve your attention before going any further with your analysis.

But note: China Nuclear Energy Technology may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Read More: The Executive Vice Chairman of China Nuclear Energy Technology Corporation Limited (HKG:611), Genyu Liu, Just Bought 8.3% More Shares

2022-04-29 17:44:44

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