BOC International (China) CO., LTD's (SHSE:601696) Market Cap Dropped CN¥1.6b Last Week; Public Companies Bore the Brunt
BOC International (China) CO., LTD's (SHSE:601696) Market Cap Dropped CN¥1.6b Last Week; Public Companies Bore the Brunt
Key Insights
关键见解
- Significant control over BOC International (China) by public companies implies that the general public has more power to influence management and governance-related decisions
- The top 3 shareholders own 52% of the company
- Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
- 上市公司对中银国际(中国)的严格控制意味着公众拥有更大的影响管理和治理相关决策的权力
- 前三名股东拥有公司52%的股份
- 公司过去的表现以及所有权数据可以使人们对企业前景有一个很好的了解
A look at the shareholders of BOC International (China) CO., LTD (SHSE:601696) can tell us which group is most powerful. With 41% stake, public companies possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
看看中银国际(中国)有限公司(SHSE: 601696)的股东可以告诉我们哪个集团最强大。上市公司拥有41%的股份,是公司的最大股份。也就是说,如果股票上涨,该集团将受益最大(如果出现低迷,则损失最大)。
As a result, public companies as a group endured the highest losses last week after market cap fell by CN¥1.6b.
结果,在市值下降16亿元人民币之后,上市公司整体上周遭受了最大的损失。
In the chart below, we zoom in on the different ownership groups of BOC International (China).
在下图中,我们放大了中银国际(中国)的不同所有权群体。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240210/0-12c9399dc095405a7642669e17960d80-0-0af94fbeaa1cb0e4d57d2d8fb43947be.png/big)
What Does The Institutional Ownership Tell Us About BOC International (China)?
关于中银国际(中国),机构所有权告诉我们什么?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
机构投资者通常将自己的回报与常见指数的回报进行比较。因此,他们通常会考虑收购相关基准指数中包含的大型公司。
BOC International (China) already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at BOC International (China)'s earnings history below. Of course, the future is what really matters.
中银国际(中国)已经在股份登记处设立了机构。事实上,他们拥有该公司可观的股份。这表明专业投资者有一定的信誉。但是我们不能仅仅依靠这个事实,因为机构有时会像所有人一样进行不良投资。如果多家机构同时改变对股票的看法,你可能会看到股价快速下跌。因此,值得在下面查看中银国际(中国)的收益记录。当然,未来才是真正重要的。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240210/0-12c9399dc095405a7642669e17960d80-1-f1105ebf8253f524a9382f0b15509ab3.png/big)
We note that hedge funds don't have a meaningful investment in BOC International (China). Bank of China Limited is currently the company's largest shareholder with 33% of shares outstanding. In comparison, the second and third largest shareholders hold about 14% and 4.7% of the stock.
我们注意到,对冲基金没有对中银国际(中国)进行有意义的投资。中国银行股份有限公司目前是该公司的最大股东,已发行股份的33%。相比之下,第二和第三大股东持有约14%和4.7%的股份。
After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
在进一步挖掘之后,我们发现前三名股东共同控制了公司一半以上的股份,这意味着他们拥有影响公司决策的巨大权力。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.
虽然研究公司的机构所有权数据是有意义的,但研究分析师的情绪以了解风向哪个方向吹来也是有意义的。尽管有一些分析师的报道,但该公司的报道可能并不广泛。因此,在未来它可能会引起更多关注。
Insider Ownership Of BOC International (China)
中银国际(中国)的内部所有权
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
公司内部人员的定义可能是主观的,并且在不同的司法管辖区之间确实有所不同。我们的数据反映了个人内部人士,至少涵盖了董事会成员。公司管理层经营业务,但首席执行官将对董事会负责,即使他或她是董事会成员。
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
当内部所有权表明领导层像公司的真正所有者一样思考时,内部所有权是积极的。但是,高度的内部所有权也可以赋予公司内部的一小部分人巨大的权力。在某些情况下,这可能是负面的。
Our data cannot confirm that board members are holding shares personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid.
我们的数据无法证实董事会成员亲自持有股份。董事会成员不持有至少部分个人持股的情况很少见,因此我们的数据可能存在缺陷。一个不错的下一步是检查首席执行官的薪水是多少。
General Public Ownership
一般公有制
The general public-- including retail investors -- own 32% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
公众——包括散户投资者——拥有该公司32%的股份,因此不容忽视。这种所有权规模虽然可观,但如果决定与其他大股东不同步,则可能不足以改变公司政策。
Private Company Ownership
私人公司所有权
We can see that Private Companies own 19%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
我们可以看到,私人公司拥有已发行股份的19%。可能值得对此进行更深入的研究。如果关联方,例如内部人士,对其中一家私营公司感兴趣,则应在年度报告中予以披露。私营公司也可能在公司中拥有战略利益。
Public Company Ownership
上市公司所有权
Public companies currently own 41% of BOC International (China) stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.
上市公司目前拥有中银国际(中国)41%的股票。这可能是战略利益,两家公司可能有相关的商业利益。可能是他们已经消失了。这一裁定可能值得进一步调查。
Next Steps:
后续步骤:
While it is well worth considering the different groups that own a company, there are other factors that are even more important.
虽然值得考虑拥有公司的不同群体,但还有其他更为重要的因素。
I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
我喜欢更深入地了解一家公司过去的表现。您可以在这张详细图表中找到历史收入和收入。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你想了解分析师对未来增长的预测,千万不要错过这份关于分析师预测的免费报告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注意:本文中的数字是使用过去十二个月的数据计算得出的,这些数据是指截至财务报表日期当月最后一天的12个月期间。这可能与全年年度报告数据不一致。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。