KSH - NTU Economics Professor raised his stake to above 5%

An NTU Associate Professor of Economics Yip Sau Leung bought 290,000 shares at about 53.5 cents to bring his stake in KSH to 20,960,000 or 5.05%.  At a market price of $0.54, his stake is worth a whopping $11.3m!

He published the following paper recently, which suggests that he knows the property market in Singapore well.

Yip Paul S. L. (2014). The Risk of Property Bubbles in Hong Kong and Singapore: Another Aftershock Crisis of the Global Financial Tsunami?. The Singapore Economic Review, 59(2).

Abstract of the paper

This paper first provides a brief review of the global financial tsunami. It then explains why the quantitative easing in the US and the unique characteristics of the Asian property markets have contributed to the formation of property bubbles in some Asian economies. Thereafter, it discusses the possibility of a bursting of property bubbles in Hong Kong, Singapore or another Asian economy a few years from now, and highlights that the bursting of the property bubble in that economy could trigger severe corrections of property prices in this region through the contagion effect. After pointing out that the implied crisis could be more severe than that during the Asian Financial Crisis, it (i) discusses policies that could mitigate the damages of the potential crisis and (ii) draws important lessons and conclusions that could pre-empt similar disasters in the future.

KSH is a new gem I have found and you can see why I like it from my last few posts.