China Medical System Holdings (867 HK)
Healthcare
Kong Lam (Chairman / President / CEO / Founder) purchased US$3.5m worth of stock from May 24-28th at an average price of HKD 6.87. These are his first purchases since Dec 20, when he spent US$17m at an average price of HKD 8.14. Smart Insider ranked the stock +1 (highest ranking) in Dec 20 based partly on his purchases but at the time Hongbing Chen (COO) was also buying the shares. That signal proved to be very timely as the stock traded above HKD 20 six months later. They are ranking the stock +N and will monitor closely to see if he is joined by the COO or other insiders at the company for a potential further upgrade.
Edition: 187
- 31 May, 2024