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Golden Agri-Resources Ltd's (SGX:E5H) Stock Price Dropped 3.6% Last Week; Private Companies Would Not Be Happy

Golden Agri-Resources Ltd's (SGX:E5H) Stock Price Dropped 3.6% Last Week; Private Companies Would Not Be Happy

金农资源有限公司(新加坡交易所:E5H)的股价上周下降了3.6%;私人公司对此不会感到高兴
Simply Wall St ·  2024/12/17 01:04

Key Insights

关键见解

  • Significant control over Golden Agri-Resources by private companies implies that the general public has more power to influence management and governance-related decisions
  • The largest shareholder of the company is Flambo International Limited with a 51% stake
  • Institutional ownership in Golden Agri-Resources is 23%
  • 私营公司对Golden Agri-Resources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
  • 该公司的最大股东是Flambo International Limited,持有51%的股份
  • Golden Agri-Resources的机构所有权为23%

A look at the shareholders of Golden Agri-Resources Ltd (SGX:E5H) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are private companies with 51% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

看看黄金农业资源有限公司(新加坡证券交易所股票代码:E5H)的股东可以告诉我们哪个集团最强大。而持有最大份额的集团是拥有51%所有权的私营公司。换句话说,该集团将从对公司的投资中获得最多(或损失最大)。

And following last week's 3.6% decline in share price, private companies suffered the most losses.

继上周股价下跌3.6%之后,私营公司遭受的损失最大。

In the chart below, we zoom in on the different ownership groups of Golden Agri-Resources.

在下图中,我们放大了黄金农业资源的不同所有权群体。

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SGX:E5H Ownership Breakdown December 17th 2024
新加坡证券交易所:E5H 所有权明细 2024 年 12 月 17 日

What Does The Institutional Ownership Tell Us About Golden Agri-Resources?

关于黄金农业资源,机构所有权告诉我们什么?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

机构在向自己的投资者报告时通常会根据基准来衡量自己,因此,一旦股票被纳入主要指数,他们通常会变得更加热情。我们预计大多数公司都会注册一些机构,尤其是在它们成长的情况下。

Golden Agri-Resources 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. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Golden Agri-Resources, (below). Of course, keep in mind that there are other factors to consider, too.

金农资源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。如果两个大型机构投资者试图同时抛售股票,股价大幅下跌的情况并不少见。因此,值得查看黄金农业资源过去的收益轨迹(见下文)。当然,请记住,还有其他因素需要考虑。

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SGX:E5H Earnings and Revenue Growth December 17th 2024
新加坡证券交易所:E5H 收益和收入增长 2024 年 12 月 17 日

Hedge funds don't have many shares in Golden Agri-Resources. Flambo International Limited is currently the company's largest shareholder with 51% of shares outstanding. This implies that they have majority interest control of the future of the company. Meanwhile, the second and third largest shareholders, hold 11% and 5.4%, of the shares outstanding, respectively.

对冲基金在金农资源的股份不多。Flambo International Limited目前是该公司的最大股东,已发行股份为51%。这意味着他们对公司的未来拥有多数权益控制权。同时,第二和第三大股东分别持有已发行股份的11%和5.4%。

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你的研究增加价值,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很好的做法。分析师对该股的报道很少,但不多。因此,它还有获得更多报道的空间。

Insider Ownership Of Golden Agri-Resources

黄金农业资源的内部所有权

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,确实因司法管辖区而异。我们的数据反映了个别内部人士,至少涵盖了董事会成员。公司管理层经营业务,但首席执行官将向董事会负责,即使他或她是董事会成员。

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,这使得其他股东更难要求董事会对决策负责。

Our data suggests that insiders own under 1% of Golden Agri-Resources Ltd in their own names. However, it's possible that insiders might have an indirect interest through a more complex structure. It is a pretty big company, so it would be possible for board members to own a meaningful interest in the company, without owning much of a proportional interest. In this case, they own around S$149k worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.

我们的数据表明,内部人士以自己的名义拥有金农资源有限公司不到1%的股份。但是,内部人士有可能通过更复杂的结构获得间接利益。这是一家相当大的公司,因此董事会成员有可能在不拥有太多比例权益的情况下拥有该公司的有意义的权益。在这种情况下,他们拥有价值约14.9万新元的股票(按当前价格计算)。看到董事会成员拥有股票是件好事,但可能值得检查一下这些内部人士是否在买入。

General Public Ownership

普通公有制

The general public-- including retail investors -- own 27% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

包括散户投资者在内的公众拥有该公司27%的股份,因此不容忽视。尽管这个群体不一定能做主,但它肯定会对公司的运作方式产生真正的影响。

Private Company Ownership

私人公司所有权

We can see that Private Companies own 51%, 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51%。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. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Golden Agri-Resources (at least 1 which is concerning) , and understanding them should be part of your investment process.

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。例如,投资风险的幽灵无处不在。我们已经向Golden Agri-Resources发现了两个警告信号(至少有一个令人担忧),了解它们应该是您投资过程的一部分。

If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

如果你像我一样,你可能需要考虑这家公司是增长还是萎缩。幸运的是,您可以查看这份免费报告,该报告显示了分析师对其未来的预测。

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日期的12个月期间。这可能与全年年度报告数据不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

对这篇文章有反馈吗?担心内容吗?直接联系我们。或者,发送电子邮件给编辑组(网址为)simplywallst.com。
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提供基于历史数据和分析师预测的评论,我们的文章并非旨在提供财务建议。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,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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