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INSIDER PROFILE · UK
David Liao
Co-Chief Executive, Asia and Middle East | Co-Chief Executive, Asia-Pacific - The Hongkong and Shanghai Banking Corporation Limited
Profile key: uk|david liao
Purchase history
- Companies traded
- 1
- Purchases · 12M
- 4
- Purchases · 24M
- 8
- Average purchase
- £102,233
- Gross purchase value
- £817,868
- Last purchase
- 2026-09-25
- Completed 20D events
- 7.0
- Outcome status
- PASS
Latest company: HSBC Holdings plc
Companies: HSBC Holdings plc
Post-purchase outcomes
Benchmark-relative outcomes are available against FTSE 100.
- Excess return = stock return − FTSE 100 return over the same period.
- Hit rate = positive excess-return events ÷ completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 8Developing | 100.0% (8/8) | 25.0% (2/8) | -0.2% | -0.4% | -2.6% |
| 20D | 7Developing | 100.0% (7/7) | 71.4% (5/7) | +3.6% | +1.8% | -7.3% |
| 60D | 7Developing | 100.0% (7/7) | 85.7% (6/7) | +6.2% | +5.8% | -1.6% |
| 120D | 5Developing | 100.0% (5/5) | 100.0% (5/5) | +5.2% | +8.8% | +2.2% |
Research patterns
- First purchase in 12M
- 0/8
- Large purchase ≥ €100k
- 2/8
- Cluster buying · 15D
- 8/8
- Buying the dip · ≥20% below prior 52W high
- 0/8
- Routine / opportunistic
- Not classifiable
Counts are profile-wide, point-in-time research labels. They never affect the insider score or ranking.
Every completed outcome is shown; n<5 is descriptive small-sample evidence and is not scored. Disclosure-level observations published on the same date may share a return path and may not be statistically independent. These results never affect the insider score or ranking.