After the Recent Decline, Tian Tu Capital Co., Ltd. (HKG:1973) Top Key Executive Yonghua Wang's Holdings Have Lost 27% of Their Value
After the Recent Decline, Tian Tu Capital Co., Ltd. (HKG:1973) Top Key Executive Yonghua Wang's Holdings Have Lost 27% of Their Value
Key Insights
关键见解
- Tian Tu Capital's significant insider ownership suggests inherent interests in company's expansion
- 53% of the business is held by the top 3 shareholders
- Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
- 天途资本大量的内部所有权表明公司扩张的固有利益
- 53% 的业务由前三名股东持有
- 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 Tian Tu Capital Co., Ltd. (HKG:1973) can tell us which group is most powerful. With 34% stake, individual insiders possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
看看天途资本有限公司(HKG: 1973)的股东可以告诉我们哪个集团最强大。个人内部人士拥有34%的股份,是公司的最大股份。换句话说,该集团面临最大的上行潜力(或下行风险)。
As market cap fell to HK$2.1b last week, insiders would have faced the highest losses than any other shareholder groups of the company.
随着上周市值跌至21亿港元,内部人士面临的损失将超过该公司任何其他股东群体。
Let's take a closer look to see what the different types of shareholders can tell us about Tian Tu Capital.
让我们仔细看看不同类型的股东能告诉我们关于天途资本的什么。
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What Does The Institutional Ownership Tell Us About Tian Tu Capital?
关于天途资本,机构所有权告诉我们什么?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
许多机构根据近似于当地市场的指数来衡量自己的表现。因此,他们通常会更多地关注主要指数中包含的公司。
Since institutions own only a small portion of Tian Tu Capital, many may not have spent much time considering the stock. But it's clear that some have; and they liked it enough to buy in. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. We sometimes see a rising share price when a few big institutions want to buy a certain stock at the same time. The history of earnings and revenue, which you can see below, could be helpful in considering if more institutional investors will want the stock. Of course, there are plenty of other factors to consider, too.
由于机构仅拥有天途资本的一小部分股份,因此许多机构可能没有花太多时间考虑这只股票。但很明显,有些人有;他们很喜欢它,足以买进。如果业务从此变得更加强大,我们可能会看到更多机构热衷于收购的情况。当一些大型机构想同时购买某只股票时,我们有时会看到股价上涨。你可以在下面看到的收益和收入的历史可能有助于考虑是否会有更多的机构投资者想要这只股票。当然,还有很多其他因素需要考虑。
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We note that hedge funds don't have a meaningful investment in Tian Tu Capital. Our data suggests that Yonghua Wang, who is also the company's Top Key Executive, holds the most number of shares at 30%. When an insider holds a sizeable amount of a company's stock, investors consider it as a positive sign because it suggests that insiders are willing to have their wealth tied up in the future of the company. The second and third largest shareholders are Shenzhen Paladin Nine Capital Management Partnership Enterprise (Limited Partnership) and Shenzhen Paladin No. 9 Capital Management Partnership (Limited Partnership), with an equal amount of shares to their name at 11%. In addition, we found that Weidong Feng, the CEO has 1.0% of the shares allocated to their name.
我们注意到,对冲基金没有对天途资本进行有意义的投资。我们的数据显示,同时也是公司最高主要高管的王永华持股最多,为30%。当内部人士持有公司大量股票时,投资者认为这是一个积极的信号,因为这表明内部人士愿意将自己的财富绑定在公司的未来中。第二和第三大股东是深圳Paladin Nine资本管理合伙企业(有限合伙)和深圳Paladin九号资本管理合伙企业(有限合伙),同等数量的股份为11%。此外,我们发现首席执行官冯卫东将1.0%的股份分配给了他们的名字。
A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 53% stake.
对股东登记处的更详细研究表明,三大股东通过其53%的股份拥有公司的大量所有权。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.
虽然研究公司的机构所有权可以为您的研究增加价值,但研究分析师的建议以更深入地了解股票的预期表现也是一种好做法。分析师对该股的报道很少,但报道不多。因此,它还有获得更多报道的余地。
Insider Ownership Of Tian Tu Capital
天途资本的内部所有权
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
不同国家对内部人士的定义可能略有不同,但董事会成员始终算在内。管理层最终对董事会负责。但是,经理成为执行委员会成员的情况并不少见,尤其是当他们是创始人或首席执行官时。
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
我通常认为内部所有权是一件好事。但是,在某些情况下,这使其他股东更难追究董事会对决策的责任。
Our most recent data indicates that insiders own a reasonable proportion of Tian Tu Capital Co., Ltd.. Insiders have a HK$702m stake in this HK$2.1b business. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.
我们的最新数据表明,内部人士持有天途资本有限公司合理比例的股份。内部人士在这项21亿港元的业务中持有7.02亿港元的股份。这可能表明创始人仍然拥有大量股份。你可以点击这里查看他们是否在买入或卖出。
General Public Ownership
一般公有制
With a 24% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Tian Tu Capital. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
拥有24%所有权的公众,主要是个人投资者,对天途资本有一定程度的影响力。尽管这种所有权规模可能不足以影响对他们有利的政策决定,但它们仍然可以对公司政策产生集体影响。
Private Equity Ownership
私募股权所有权
With a stake of 5.4%, private equity firms could influence the Tian Tu Capital board. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public.
私募股权公司持有5.4%的股份,可能会影响天途资本董事会。有些人可能会喜欢这样,因为私募股权有时是追究管理层责任的激进分子。但是其他时候,私募股权在公司上市后正在售罄。
Private Company Ownership
私人公司所有权
Our data indicates that Private Companies hold 28%, of the company's shares. 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.
我们的数据显示,私营公司持有公司28%的股份。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有兴趣,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。
Next Steps:
后续步骤:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. To that end, you should learn about the 2 warning signs we've spotted with Tian Tu Capital (including 1 which shouldn't be ignored) .
我觉得看看究竟谁拥有一家公司非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。为此,你应该了解我们在天途资本发现的两个警告信号(包括一个不容忽视的警告)。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
归根结底,未来是最重要的。您可以访问这份关于公司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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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。