Individual Investors Own 20% of C&D International Investment Group Limited (HKG:1908) Shares but Public Companies Control 57% of the Company
Individual Investors Own 20% of C&D International Investment Group Limited (HKG:1908) Shares but Public Companies Control 57% of the Company
Key Insights
主要见解
- C&D International Investment Group's significant public companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- 57% of the company is held by a single shareholder (Xiamen C&D Inc.)
- Recent purchases by insiders
- C&D国际投资集团拥有重要的上市公司所有权,这表明关键决策受到较大公众股东的影响
- 该公司57%的股份由单一股东(厦门建发公司)持有
- 最近有内部人员购买。
To get a sense of who is truly in control of C&D International Investment Group Limited (HKG:1908), it is important to understand the ownership structure of the business. We can see that public companies own the lion's share in the company with 57% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
要了解C&D国际投资集团有限公司(HKG:1908)真正控制权的归属,重要的是要了解企业的所有权结构。我们可以看到公开公司拥有该公司57%的所有权。换句话说,该集团将从对公司的投资中获得最多(或者损失最多)收益。
And individual investors on the other hand have a 20% ownership in the company.
另一方面,个人投资者拥有该公司20%的所有权。
Let's delve deeper into each type of owner of C&D International Investment Group, beginning with the chart below.
让我们深入研究C&D国际投资集团每种所有者类型,从下面的图表开始。
What Does The Institutional Ownership Tell Us About C&D International Investment Group?
机构持股告诉我们有关C&D国际投资集团的什么?
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的指数回报进行比较。因此,他们通常会考虑购买包括在相关基准指数中的较大公司。
C&D International Investment Group already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see C&D International Investment Group's historic earnings and revenue below, but keep in mind there's always more to the story.
C&D国际投资集团已经在股东名册上拥有机构。事实上,他们在公司中拥有可观的股份。这意味着为这些机构工作的分析师已经研究过这支股票,并且他们对其看好。但就像其他人一样,他们也可能出错。当多家机构持有一支股票时,总会存在它们在进行'拥挤交易'的风险。当这样一笔交易出现问题时,多方可能会竞相快速抛售股票。在一个没有增长历史的公司中,这种风险会更高。您可以在下面看到C&D国际投资集团的历史收益和营业收入,但请记住故事里总是有更多内容。
It would appear that 6.7% of C&D International Investment Group shares are controlled by hedge funds. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Xiamen C&D Inc. is currently the company's largest shareholder with 57% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. Meanwhile, the second and third largest shareholders, hold 6.7% and 3.7%, of the shares outstanding, respectively.
看起来,C&D国际投资集团股份的6.7%由对冲基金控制。 这引起了我的注意,因为对冲基金有时会试图影响管理层,或者带来变革,以为股东创造近期价值。 厦门C&D公司目前是该公司最大的股东,持有该公司57%的股份。 拥有如此巨大股权的前提下,我们可以推断他们对公司未来有着重要控制权。 与此同时,第二和第三大股东分别持有已发行股票的6.7%和3.7%。
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. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
我们的数据表明,私人公司持有公司的4.0%的股份。单单从这个事实上很难得出任何结论,因此它值得研究谁拥有这些私人公司。有时内部人或其他相关方通过单独的私营公司持有上市公司的股份。
Insider Ownership Of C&D International Investment Group
C&D国际投资集团的内部所有权
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
内部人员的定义在不同国家可能会稍有不同,但董事会成员始终算入其中。公司管理负责经营业务,但即使首席执行官是董事会成员,他或她也必须对董事会负责。
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
大多数人认为内部所有权是积极的,因为它可以表示董事会与其他股东的利益相一致。但是,在某些场合下,这个团体的权力过于集中。
We can see that insiders own shares in C&D International Investment Group Limited. This is a big company, so it is good to see this level of alignment. Insiders own HK$578m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently.
我们可以看到,内部人员持有C&D International Investment Group Limited的股份。 这是一家大公司,所以看到这种程度的一致性是好事。 内部人员持有价值5,7800万港币的股份(按当前价格计算)。看到内部人员的这种投资水平是好事。 您可以在这里查看,看看这些内部人员最近是否一直在买入。
General Public Ownership
一般大众所有权
With a 20% ownership, the general public, mostly comprising of individual investors, have some degree of sway over C&D International Investment Group. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
拥有20%的股份,主要由个人投资者组成的普通公众对C&D International Investment Group拥有一定程度的影响力。 虽然这一群体不能确定起草规则,但肯定可以在公司的运作方式上产生真正影响。
Public Company Ownership
上市公司所有权
It appears to us that public companies own 57% of C&D International Investment Group. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
在我们看来,上市公司拥有C&D International Investment Group57%的股份。 很难确定,但这表明他们有交织的业务利益。 这可能是一个战略性的股份,因此值得密切关注所有权变化的这一领域。
Next Steps:
下一步:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for C&D International Investment Group (of which 1 doesn't sit too well with us!) you should know about.
尽管考虑拥有公司的不同股东群体是值得的,但还有其他更重要的因素。比如风险。每家公司都存在风险,我们已经发现了 C&D International Investment Group 的 4 个警示信号(其中 1 个我们并不太满意!)你应该知道。
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
但最终,决定该业务所有者将获得多大利益的是未来而非过去。因此,我们认为最好查看此免费报告,以了解分析师是否预测更光明的未来。
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:本文中的数据是使用最后一个财务报表日期结束的为期12个月的数据计算的。这可能与全年年度报告数据不一致。
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