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
關鍵見解
- 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
- 上市公司對中銀國際(中國)的嚴格控制意味着公衆擁有更大的影響管理和治理相關決策的權力
- 前三名股東擁有公司52%的股份
- 公司過去的表現以及所有權數據可以使人們對企業前景有一個很好的了解
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).
看看中銀國際(中國)有限公司(SHSE: 601696)的股東可以告訴我們哪個集團最強大。上市公司擁有41%的股份,是公司的最大股份。也就是說,如果股票上漲,該集團將受益最大(如果出現低迷,則損失最大)。
As a result, public companies as a group endured the highest losses last week after market cap fell by CN¥1.6b.
結果,在市值下降16億元人民幣之後,上市公司整體上週遭受了最大的損失。
In the chart below, we zoom in on the different ownership groups of BOC International (China).
在下圖中,我們放大了中銀國際(中國)的不同所有權群體。
![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)?
關於中銀國際(中國),機構所有權告訴我們什麼?
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.
機構投資者通常將自己的回報與常見指數的回報進行比較。因此,他們通常會考慮收購相關基準指數中包含的大型公司。
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.
中銀國際(中國)已經在股份登記處設立了機構。事實上,他們擁有該公司可觀的股份。這表明專業投資者有一定的信譽。但是我們不能僅僅依靠這個事實,因爲機構有時會像所有人一樣進行不良投資。如果多家機構同時改變對股票的看法,你可能會看到股價快速下跌。因此,值得在下面查看中銀國際(中國)的收益記錄。當然,未來才是真正重要的。
![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.
我們注意到,對沖基金沒有對中銀國際(中國)進行有意義的投資。中國銀行股份有限公司目前是該公司的最大股東,已發行股份的33%。相比之下,第二和第三大股東持有約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.
在進一步挖掘之後,我們發現前三名股東共同控制了公司一半以上的股份,這意味着他們擁有影響公司決策的巨大權力。
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.
雖然研究公司的機構所有權數據是有意義的,但研究分析師的情緒以了解風向哪個方向吹來也是有意義的。儘管有一些分析師的報道,但該公司的報道可能並不廣泛。因此,在未來它可能會引起更多關注。
Insider Ownership Of BOC International (China)
中銀國際(中國)的內部所有權
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.
公司內部人員的定義可能是主觀的,並且在不同的司法管轄區之間確實有所不同。我們的數據反映了個人內部人士,至少涵蓋了董事會成員。公司管理層經營業務,但首席執行官將對董事會負責,即使他或她是董事會成員。
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.
當內部所有權表明領導層像公司的真正所有者一樣思考時,內部所有權是積極的。但是,高度的內部所有權也可以賦予公司內部的一小部分人巨大的權力。在某些情況下,這可能是負面的。
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.
我們的數據無法證實董事會成員親自持有股份。董事會成員不持有至少部分個人持股的情況很少見,因此我們的數據可能存在缺陷。一個不錯的下一步是檢查首席執行官的薪水是多少。
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.
公衆——包括散戶投資者——擁有該公司32%的股份,因此不容忽視。這種所有權規模雖然可觀,但如果決定與其他大股東不同步,則可能不足以改變公司政策。
Private Company Ownership
私人公司所有權
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.
我們可以看到,私人公司擁有已發行股份的19%。可能值得對此進行更深入的研究。如果關聯方,例如內部人士,對其中一傢俬營公司感興趣,則應在年度報告中予以披露。私營公司也可能在公司中擁有戰略利益。
Public Company Ownership
上市公司所有權
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.
上市公司目前擁有中銀國際(中國)41%的股票。這可能是戰略利益,兩家公司可能有相關的商業利益。可能是他們已經消失了。這一裁定可能值得進一步調查。
Next Steps:
後續步驟:
While it is well worth considering the different groups that own a company, there are other factors that are even more important.
雖然值得考慮擁有公司的不同群體,但還有其他更爲重要的因素。
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.
我喜歡更深入地了解一家公司過去的表現。您可以在這張詳細圖表中找到歷史收入和收入。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你想了解分析師對未來增長的預測,千萬不要錯過這份關於分析師預測的免費報告。
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:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。