I note that there is insider purchasing of Japan Foods Holding Ltd shares by Non-Executive Director, Eugene Wong Hin Sun on 8 June 2015. Consequently, his deemed interest (as a percentage of total no. of ordinary voting shares/units) has increased from 4.12% to 4.8%. Click here.
This has piqued my interest, since Japan Foods share price has recently dropped. See below. The drop in share price in early Nov 2014 can be attributed to the plunge in net profit by 52% to S$1.8 million which is mainly due to increase in selling and distribution expenses & higher rental and utilities cost on the back of newly opened stores (as per financial results released on 5 Nov 2014, for the six months ended 30 September 2014). Read here.
Moreover, fundamentally, Japan Food Holdings has strong cash to debt ratio, and has been able to grow its revenue base at a good pace. ......