On Mar 18, Hosen Group executive director and CEO Daniel Lim Hock Chye acquired 716,000 shares at an average price of S$0.44 apiece. This increased his direct interest from 2.72 per cent to 2.94 per cent. His preceding acquisitions were in early December with 1,774,600 shares acquired at an average price of S$0.04 per share. Lim joined the group in 1997 and became executive director in March 2004. He oversees brand building, procurement, international sales, and the strategic growth of the chocolate business. 

 

Hosen Group is primarily engaged in the fast-moving consumer goods business, specialising in consumer-packaged food. The company attributed 43 per cent of its FY2024 (ended Dec 31) revenue to Singapore and 33 per cent to Malaysia. The business focuses on providing high-quality, convenient food solutions to consumers through various channels, including supermarkets, quick-service restaurants, hotels, restaurants, catering services, and e-commerce platforms.

 

In February, Hosen Group reported an FY2024 attributable net profit of S$2 million, which doubled from S$1 million in FY2023. The group&rsquo s revenue for FY2024 increased by 8.1 per cent to S$72.8 million, up from S$67.3 million in FY2023, driven by higher sales demand and volume of canned food and chocolate products. Gross profit rose by S$2.11 million to S$17.08 million, with the gross profit margin improving from 22.2 per cent to 23.5 per cent. Other income increased by S$0.68 million to S$1.65 million in FY2024 mainly due to gain on disposal of indirect subsidiary Hock Seng Food (Shanghai) Co Ltd and gain in forex exchange in FY2024.  

 

Cognisant of the broader macroeconomic challenges of 2025, the Group signalled it will continue to focus on actively managing costs, improve operational efficiencies, and explore new business opportunities to navigate the uncertain landscape. Management will also keep shareholders informed on any material updates and developments regarding the pending Sale and Purchase Agreement for Hosen Chocolate Sdn Bhd to acquire land in Malaysia, that is subject to State Authority approval.

He has acquired 716,000 shares at an average price of S$0.44 apiece, raising his direct interest from 2.72% to 2.94%

 

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[SINGAPORE] Over the five trading sessions from Mar 14 to 20, institutions were net sellers of Singapore stocks, with net institutional outflow narrowing to S$18 million, from S$221 million over the preceding five sessions. This brings the net institutional outflow for the 2025 year to Mar 20 to S$1.47 billion.  

 

Institutional Flows 

Over the five trading sessions through to Mar 20, the stocks that saw the highest net institutional outflow were DBS : D05 -0.2%, OCBC : O39 -0.24%, CapitaLand Integrated Commercial Trust : C38U -0.48%, UOB : U11 +0.4%, Keppel DC Reit : AJBU -0.46%, iFast Corporation : AIY +0.27%, Sats : S58 +0.33%, CapitaLand Ascott Trust : HMN 0%, First Resources : EB5 -1.22%, and Genting Singapore : G13 +0.66%.

 

Meanwhile, Singtel : Z74 +0.59% led the net institutional inflows over the five sessions, followed by ST Engineering : S63 -4.2%, CapitaLand Ascendas Reit : A17U 0%, Jardine Matheson Holdings : J36 -1.35%, Mapletree Logistics Trust : M44U 0%, Keppel : BN4 -1.15%, Yangzijiang Financial Holding : YF8 +6.62%, Singapore Airlines : C6L 0%, and Sembcorp Industries : U96 +0.79%.

 

From a sector perspective, industrials again experienced the highest net institutional inflow, while financial services saw the most net institutional outflow. 

 

Trading Activity

Stocks that saw trading turnover notch higher over the five sessions included OKH Global : S3N +2.27%, China Sunsine Chemical Holdings : QES +0.96%, Raffles Medical Group : BSL +0.99%, ST Engineering, Nam Cheong : 1MZ +8.4%, and ISOTeam : 5WF -2.6%. OKH Global owns a portfolio of investment properties, with a special general meeting scheduled on Apr 3 to obtain a vote on the acquisition of Chip Eng Seng Construction. OKH Global expects the acquisition to revitalise its business and provide a strong financial footing for future growth opportunities.

 

Share Buybacks

The five sessions saw 17 primary-listed companies conduct buybacks with a total consideration of S$29.8 million, down from S$49.7 million for the preceding five sessions. OCBC led the consideration tally, with 1.1 million shares bought back at an average price of S$16.85 a share.