SGX Insider & Substantial Shareholder Activity from 08 - 12 Jan 07

Here are some of the more significant Insider and Substantial Shareholder transactions reported on the SGX (extracted from the emailed file) over the past week :

1ST SOFTWARE CORP LTD/ Director/ 20-Dec-06/ Shimoga Krishnamoorthy Rao Guruprakash/ The Central Depository (Pte) Ltd/ Sales in Open Market at Own Discretion/ -500000

1ST SOFTWARE CORP LTD/ Director/ 19-Dec-06/ Shimoga Krishnamoorthy Rao Guruprakash/ The Central Depository (Pte) Ltd/ Sales in Open Market at Own Discretion/ -2000000

ALLGREEN PROPERTIES LTD/ Director/ 11-Jan-07/ Andrew Choo Hoo/ Andrew Choo Hoo/ Sales in Open Market at Own Discretion/ -50000

ALLGREEN PROPERTIES LTD/ Director/ 10-Jan-07/ Andrew Choo Hoo/ Andrew Choo Hoo/ Sales in Open Market at Own Discretion/ -550000

ALLGREEN PROPERTIES LTD/ Director/ 9-Jan-07/ Goh Soo Siah/ Goh Soo Siah/ Sales in Open Market at Own Discretion/ -500000

ALLGREEN PROPERTIES LTD/ Director/ 9-Jan-07/ Goh Soo Siah/ Pearling Holdings Pte Ltd/ Sales in Open Market at Own Discretion/ -800000

A-SONIC AEROSPACE LIMITED/ Subst Shrhdr/ 11-Jan-07/ Thomas Tay Nguen Cheong/ Sales in Open Market at Own Discretion/ -150000

A-SONIC AEROSPACE LIMITED/ Subst Shrhdr/ 10-Jan-07/ Thomas Tay Nguen Cheong/ Sales in Open Market at Own Discretion/ -533000

A-SONIC AEROSPACE LIMITED/ Subst Shrhdr/ 9-Jan-07/ Thomas Tay Nguen Cheong/ Sales in Open Market at Own Discretion/ -866000

A-SONIC AEROSPACE LIMITED/ Subst Shrhdr/ 8-Jan-07/ Thomas Tay Nguen Cheong/ Sales in Open Market at Own Discretion/ -620000

A-SONIC AEROSPACE LIMITED/ Subst Shrhdr/ 5-Jan-07/ Thomas Tay Nguen Cheong/ Sales in Open Market at Own Discretion/ -320870

A-SONIC AEROSPACE LIMITED/ Subst Shrhdr/ 4-Jan-07/ Thomas Tay Nguen Cheong/ Sales in Open Market at Own Discretion/ -1200000

BIL INTERNATIONAL LIMITED/ Subst Shrhdr/ 8-Jan-07/ High Glory Investments Limited (HGI)/ Transfer to Citigroup/ 75000000

BOUSTEAD SINGAPORE LIMITED/ Subst Shrhdr/ 5-Jan-07/ UOB Asset Management Ltd/ Open Market Purchase/ 4308000

CDL HOSPITALITY TRUSTS/ Subst Shrhdr/ 8-Jan-07/ Morgan Stanley Investment Management/ Open Market Purchase/ 7894900

CDL HOSPITALITY TRUSTS/ Subst Shrhdr/ 8-Jan-07/ Lion Capital Management Limited/ Sales in Open Market at Own Discretion/ -314000

CHIP ENG SENG CORPORATION LTD/ Subst Shrhdr/ 11-Jan-07/ Kwek Lee Keow/ Sales in Open Market at Own Discretion/ -500000

CHIP ENG SENG CORPORATION LTD/ Director/ 11-Jan-07/ Lim Tiam Seng/ Teo Yeonh Investment Pte Ltd/ Sales in Open Market at Own Discretion/ -500000

CHIP ENG SENG CORPORATION LTD/ Director/ 11-Jan-07/ Lim Tiang Chuan/ Teo Yeonh Investment Pte Ltd/ Sales in Open Market at Own Discretion/ -500000

CITYAXIS HOLDINGS LIMITED/ Subst Shrhdr/ 11-Jan-07/ LOKE TAN CHUNG/ Sales in Open Market at Own Discretion/ -500000

CITYAXIS HOLDINGS LIMITED/ Director/ 10-Jan-07/ YEUNH OI SIONG/ KUMPULAN CITYAXIS SDN BHD/ Sales in Open Market at Own Discretion/ -1624000

CITYAXIS HOLDINGS LIMITED/ Subst Shrhdr/ 10-Jan-07/ KUMPULAN CITYAXIS SDN BHD/ Sales in Open Market at Own Discretion/ -1624000

CITYAXIS HOLDINGS LIMITED/ Director/ 9-Jan-07/ YEUNH OI SIONG/ KUMPULAN CITYAXIS SDN BHD/ Sales in Open Market at Own Discretion/ -2000000

CITYAXIS HOLDINGS LIMITED/ Subst Shrhdr/ 9-Jan-07/ KUMPULAN CITYAXIS SDN BHD/ Sales in Open Market at Own Discretion/ -2000000

CITYAXIS HOLDINGS LIMITED/ Subst Shrhdr/ 9-Jan-07/ LOKE TAN CHUNG/ Sales in Open Market at Own Discretion/ -332000

CITYAXIS HOLDINGS LIMITED/ Director/ 8-Jan-07/ YEUNH OI SIONG/ KUMPULAN CITYAXIS SDN BHD/ Sales in Open Market at Own Discretion/ -2000000

CITYAXIS HOLDINGS LIMITED/ Subst Shrhdr/ 8-Jan-07/ KUMPULAN CITYAXIS SDN BHD/ Sales in Open Market at Own Discretion/ -2000000

CITYAXIS HOLDINGS LIMITED/ Subst Shrhdr/ 5-Jan-07/ LOKE TAN CHUNG/ Sales in Open Market at Own Discretion/ -733000

CITYAXIS HOLDINGS LIMITED/ Subst Shrhdr/ 4-Jan-07/ LOKE TAN CHUNG/ Sales in Open Market at Own Discretion/ -3500000

COMPACT METAL INDUSTRIES LTD/ Director/ 10-Jan-07/ TAN KAY THO/ TAN KAY THO/ Sale to meet its financial obligation./ -2000000

COMPACT METAL INDUSTRIES LTD/ Director/ 10-Jan-07/ TAN KAY KIANG/ TAN KAY KIANG/ Sale to meet its financial obligation./ -351000

COMPACT METAL INDUSTRIES LTD/ Director/ 9-Jan-07/ TAN KAY KIANG/ TAN KAY KIANG/ Sales to meet its financial obligation./ -1199000

COMPACT METAL INDUSTRIES LTD/ Director/ 8-Jan-07/ TAN KAY KIANG/ TAN KAY KIANG/ Sales to meet its financial obligation/ -450000

COMPACT METAL INDUSTRIES LTD/ Subst Shrhdr/ 8-Jan-07/ SHINING HOLDINGS PTE LTD/ Sales to meet its financial obligation./ -2450000

COMPACT METAL INDUSTRIES LTD/ Subst Shrhdr/ 5-Jan-07/ SHINING HOLDINGS PTE LTD/ Sale to meet its financial obligation./ -2000000

CSC HOLDINGS LTD/ Director/ 10-Jan-07/ Ng San Tiong/ Tat Hong Holdigs Ltd/ Open Market Transaction/ -126934000

CSC HOLDINGS LTD/ Subst Shrhdr/ 10-Jan-07/ Chwee Cheng & Sons Pte Ltd/ Sales in Open Market at Own Discretion/ -127334000

CSC HOLDINGS LTD/ Subst Shrhdr/ 10-Jan-07/ Tat Hong Holdings Ltd/ Sales in Open Market at Own Discretion/ -127334000

CYBER VILLAGE HOLDINGS LIMITED/ Director/ 8-Jan-07/ Law Kam Kuan/ Law Kam Kuan/ Sales in Open Market at Own Discretion/ -7278180

CYBER VILLAGE HOLDINGS LIMITED/ Director/ 8-Jan-07/ Tony Pua Kiam Wee/ Mayban Nominees (S) Pte Ltd/ Sales in Open Market at Own Discretion/ -9000000

CYBER VILLAGE HOLDINGS LIMITED/ Director/ 8-Jan-07/ Tony Pua Kiam Wee/ Tony Pua Kiam Wee/ Sales in Open Market at Own Discretion/ -20649940

FALMAC LIMITED/ Subst Shrhdr/ 5-Jan-07/ United Overseas Bank Limited (UOB)/ Open market sales by UOB/ -3548000

FIRST ENGINEERING LTD/ Subst Shrhdr/ 11-Jan-07/ AFFINITY ASIA PACIFIC FUND II LP/ Open Market Purchase/ 4860000

FIRST ENGINEERING LTD/ Subst Shrhdr/ 10-Jan-07/ AFFINITY ASIA PACIFIC FUND II LP/ Open Market Purchase/ 990000

FIRST ENGINEERING LTD/ Subst Shrhdr/ 8-Jan-07/ AFFINITY ASIA PACIFIC FUND II LP/ Open Market Purchase/ 1080000

GUANGZHAO IND FOREST BIOGRPLTD/ Subst Shrhdr/ 9-Jan-07/ Hireach Assets Limited/ Sales in Open Market at Own Discretion/ -10000000

HONGGUO INTL HOLDINGS LIMITED/ Subst Shrhdr/ 8-Jan-07/ FMR Corp./ Market Transaction/ 606000

HOTUNG INVESTMENT HLDGS LTD/ Director/ 9-Jan-07/ Cheng Cheng Pin/ Energy Shipping Co. Ltd./ Sales in Open Market at Own Discretion/ -5000000

JASPER INVESTMENTS LIMITED/ Subst Shrhdr/ 8-Jan-07/ Oversea-Chinese Banking Corporation Limited/ Sales in Open Market at Own Discretion/ -63000000

JAYA HOLDINGS LTD/ Subst Shrhdr/ 5-Jan-07/ Affinity Asia Pacific Fund II LP/ Open Market Purchase/ 6876500

JAYA HOLDINGS LTD/ Subst Shrhdr/ 4-Jan-07/ Affinity Asia Pacific Fund II LP/ Open Market Purchase/ 7744000

LONGCHEER HOLDINGS LIMITED/ Subst Shrhdr/ 4-Jan-07/ IDG-Accel China Growth Fund L.P./ Disposal of shares in the open market./ -5000000

LONGCHEER HOLDINGS LIMITED/ Subst Shrhdr/ 4-Jan-07/ IDG-Accel China Growth Fund L.P./ Disposal of shares in the open market./ -4638500

LONGCHEER HOLDINGS LIMITED/ Subst Shrhdr/ 4-Jan-07/ IDG-Accel China Growth Fund L.P./ Disposal of shares in the open market./ -3840000

MACQUARIE MEAG PRIME REIT/ Subst Shrhdr/ 10-Jan-07/ Macquarie Bank Limited/ On-Market Transactions/ 1509000

MACQUARIE MEAG PRIME REIT/ Subst Shrhdr/ 9-Jan-07/ Morgan Stanley Investment Management Company/ Open Market Purchase/ 10109208

NTI INTERNATIONAL LIMITED/ Director/ 5-Jan-07/ APANDI BIN DOLLAH/ Sales in Open Market at Own Discretion/ -27210000

SAPPHIRE CORPORATION LIMITED/ Subst Shrhdr/ 9-Jan-07/ UNITED OVERSEAS BANK LIMITED (UOB)/ Open market sale by UOB/ -10000000

SAPPHIRE CORPORATION LIMITED/ Subst Shrhdr/ 8-Jan-07/ UNITED OVERSEAS BANK LIMITED (UOB)/ Open market sales by UOB/ -59672000

SC GLOBAL DEVELOPMENTS LTD/ Subst Shrhdr/ 10-Jan-07/ LEGG MASON INTERNATIONAL EQUITIES (SINGAPORE) PTE LTD/ Open Market Purchase/ 998000

SC GLOBAL DEVELOPMENTS LTD/ Subst Shrhdr/ 8-Jan-07/ OEI HONG LEONG/ Shares disposed through married deal/ -9824000

SINGTEL/ Director/ 11-Jan-07/ Lee Hsien Yang/ Open Market Purchase/ 799000

SINGTEL/ Director/ 10-Jan-07/ Lee Hsien Yang/ Open Market Purchase/ 1500000

SINGTEL/ Subst Shrhdr/ 4-Jan-07/ The Capital Group Companies Inc./ Open Market Purchase/ 4916000

TT INTERNATIONAL LIMITED/ Director/ 10-Jan-07/ Tong Jia Pi Julia/ Tong Jia Pi Julia/ Open Market Purchase/ 200000

TT INTERNATIONAL LIMITED/ Director/ 9-Jan-07/ Tong Jia Pi Julia/ Tong Jia Pi Julia/ Open Market Purchase/ 800000

TT INTERNATIONAL LIMITED/ Director/ 8-Jan-07/ Tong Jia Pi Julia/ Tong Jia Pi Julia/ Open Market Purchase/ 46000

TT INTERNATIONAL LIMITED/ Director/ 5-Jan-07/ Tong Jia Pi Julia/ Tong Jia Pi Julia/ Open Market Purchase/ 71000

UNITED INDUSTRIAL CORP LTD/ Subst Shrhdr/ 9-Jan-07/ Morgan Stanley Entities/ Open Market Purchase/ 14823330

WBL CORPORATION LIMITED/ Subst Shrhdr/ 8-Jan-07/ Third Avenue Management LLC/ Additional portfolio purchases/ 2213000

YELLOW PAGES(SINGAPORE)LIMITED/ Subst Shrhdr/ 9-Jan-07/ Global Advisory Group Pte Ltd/ Purchased of shares/ 3140000

YELLOW PAGES(SINGAPORE)LIMITED/ Subst Shrhdr/ 8-Jan-07/ Global Advisory Group Pte Ltd/ Purchased of shares/ 1861000

YELLOW PAGES(SINGAPORE)LIMITED/ Subst Shrhdr/ 5-Jan-07/ Third Avenue Management LLC/ Additional purchases/ 2131000

YELLOW PAGES(SINGAPORE)LIMITED/ Subst Shrhdr/ 5-Jan-07/ Global Advisory Group Pte Ltd/ Purchased of shares/ 1477000


Last week had one of the highest number of company insiders acquiring and disposing the shares of their companies. Fund management companies were quite active as well. The acquisition of Singtel shares by Lee Hsien Yang sheds light on the appreciation of Singtel's share price over the past week.

The markets continued to hold up largely due to two positive economic reports in the US. The december figure for retail sales came in above consensus value suggesting that consumers are still feeling positive and thus willing to spend. The seasonally adjusted inital jobless claims for the week ending 06 Jan 2007 came in below the expected figure of 325,000 - a sign that the job market is still looking good.

Techically, the weekly chart of the NASDAQ Composite has broken out of the consolidation range of 2380-2500 points. And with the earnings season just round the corner, sentiments are most likely going to remain positive through till February. However, there might be a short pullback this week due to the high reading in the market breadth oscillator.

I've added the weekly initial jobless claims data as an indicator in the weekly chart of the NASDAQ Composite, perhaps you can spot some correlation between the changes of the data and the index.

Hv a good week!