Cinda Real Estate Co., Ltd.'s (SHSE:600657) Latest 9.4% Decline Adds to One-year Losses, Institutional Investors May Consider Drastic Measures
Cinda Real Estate Co., Ltd.'s (SHSE:600657) Latest 9.4% Decline Adds to One-year Losses, Institutional Investors May Consider Drastic Measures
Key Insights
主要見解
- Given the large stake in the stock by institutions, Cinda Real Estate's stock price might be vulnerable to their trading decisions
- The largest shareholder of the company is CINDA INVESTMENT Co.,LTD with a 54% stake
- Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
- 考慮到機構在該股票中的大量持有,信達地產的股價可能會受到他們的交易決策的影響。
- 該公司最大的股東是中國金融資產管理公司,持股54%。
- 公司過去的業績以及所有權數據,有助於形成對業務前景的強烈想法。
To get a sense of who is truly in control of Cinda Real Estate Co., Ltd. (SHSE:600657), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 58% to be precise, is institutions. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
爲了了解誰真正控制着信達地產股份有限公司(SHSE:600657),了解業務的所有權架構非常重要。在該公司中持有最多股份(確切地說是約58%)的是機構。換句話說,這個團體從其投資中最有可能獲得最多(或失去最多)利潤。結果,隨着市值下降CN¥1.1b,機構投資者在上週承受了最高的損失。最近的虧損爲股東帶來了一年15%的虧損,這可能對這群投資者不利。機構投資者通常被稱爲“聰明的錢”,因爲他們擁有很大的影響力,可以影響股票價格的變動。因此,如果下跌趨勢持續下去,機構投資者可能會受到賣出信達地產的壓力,這可能會傷害個人投資者。在下面的圖表中,我們可以看到信達地產的不同所有權群體。
As a result, institutional investors endured the highest losses last week after market cap fell by CN¥1.1b. The recent loss, which adds to a one-year loss of 15% for stockholders, may not sit well with this group of investors. Also referred to as "smart money", institutions have a lot of sway over how a stock's price moves. As a result, if the decline continues, institutional investors may be pressured to sell Cinda Real Estate which might hurt individual investors.
由於機構的巨額抱團持股,信達地產的股價可能會受到他們的交易決策的影響。因此,當市值下跌CN¥1.1b時,機構投資者遭受了最大的損失。最近的虧損加上一年的15%股東損失可能會影響到這個投資群體。機構投資者在股票價格變動中具有很大的影響力,因此,如果下跌趨勢持續,機構投資者可能會面臨出售信達地產的壓力,這可能會對個人投資者產生不利影響。
In the chart below, we zoom in on the different ownership groups of Cinda Real Estate.
在下圖中,我們可以放大觀察信達地產的不同所有權群體。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240529/0-903d5b927135b4264d437fce9d440c06-0-18be35f11e4d5cf909643a0ce19c820c.png/big)
What Does The Institutional Ownership Tell Us About Cinda Real Estate?
機構投資者在信達地產中擁有相當大的股份。這可能表明公司在投資界具有一定的信譽度。不過,最好注意不要過度依賴機構投資者所謂的認可,因爲他們也會錯。如果多家機構同時改變他們對股票的觀點,股價可能會快速下跌。因此,值得注意的是,下面是信達地產的收益歷史。當然,未來才是真正要考慮的問題。
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的指數回報進行比較。因此,他們通常會考慮購買包括在相關基準指數中的較大公司。
As you can see, institutional investors have a fair amount of stake in Cinda Real Estate. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. 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 Cinda Real Estate's earnings history below. Of course, the future is what really matters.
正如您所看到的,機構投資者在信達地產中擁有相當大的利益。這可能表明公司在投資界具有一定的可信度。但是,最好不要依賴機構投資者的認可,因爲他們也可能做錯事。如果多家機構同時改變他們對股票的觀點,股價可能會快速下跌。因此,了解信達地產下面的收入歷史也是值得注意的。當然,未來才是真正要考慮的問題。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240529/0-903d5b927135b4264d437fce9d440c06-1-82600c1de738aadd70077523011a340f.png/big)
Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in Cinda Real Estate. CINDA INVESTMENT Co.,LTD is currently the company's largest shareholder with 54% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. In comparison, the second and third largest shareholders hold about 19% and 3.2% of the stock.
機構投資者擁有公司的50%以上,因此他們可以共同強烈地影響董事會的決策。我們注意到,對於信達地產,對沖基金沒有意義。目前,中國金融資產管理公司是公司的最大股東,持有54%的流通股份。由於擁有這麼大的股份,我們推斷他們對公司的未來具有重大的控制權。與之相比,第二和第三大股東各持有約19%和3.2%的股份。
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. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.
儘管研究公司的機構所有權可以爲您的研究增加價值,但還是研究分析師的建議,以深入了解股票預期表現,是一個好習慣。就我們所知,該公司沒有分析師覆蓋,因此可能沒有引起注意。
Insider Ownership Of Cinda Real Estate
信達地產的內部持股情況
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. 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.
公司內部人員的定義可能是主觀的,在管轄範圍之間會有所不同。我們的數據反映了個人內部人員,至少涵蓋了董事會成員。管理層最終對董事會負責。但是,經理擔任執行董事會成員並非不尋常,特別是如果他們是創始人或CEO。
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.
大多數人認爲內部所有權是積極的,因爲它可以表示董事會與其他股東的利益相一致。但是,在某些場合下,這個團體的權力過於集中。
We note our data does not show any board members holding shares, personally. Given we are not picking up on insider ownership, we may have missing data. Therefore, it would be interesting to assess the CEO compensation and tenure, here.
我們注意到我們的數據不顯示任何董事會成員持有股份。考慮到我們沒有掌握內部持股情況,我們可能有缺失的數據。因此,有趣的是評估首席執行官的薪酬和任期。
General Public Ownership
一般大衆所有權
The general public-- including retail investors -- own 20% 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.
普通公衆(包括散戶投資者)擁有該公司20%的股份,因此不容易被忽視。雖然這一所有權規模相當大,但如果決定與其他大股東不一致,則可能不足以改變公司政策。
Private Company Ownership
私有公司的所有權
We can see that Private Companies own 19%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
我們可以看到,私人公司擁有發行的股份19%。私人公司可能是相關方。有時內部人通過控股私人公司而非個人身份來對公共公司產生興趣。雖然很難得出任何廣泛的結論,但它值得注意作爲進一步研究的一個領域。
Public Company Ownership
上市公司所有權
We can see that public companies hold 3.2% of the Cinda Real Estate shares on issue. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.
我們可以看到,公共公司持有信達地產發行的股份的3.2%。我們無法確定,但很可能這是戰略性股份。企業可能相似或者合作。
Next Steps:
下一步:
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. Be aware that Cinda Real Estate is showing 3 warning signs in our investment analysis , and 2 of those make us uncomfortable...
我發現了解一個公司確切的所有者非常有趣。但是,爲了獲得真正的見解,我們需要考慮其他信息。請注意,信達地產在我們的投資分析中顯示了3個警告信號,其中2個讓我們感到不舒服......
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
當然,您可能會在其他地方找到一項出色的投資。因此,請查看此免費的有趣公司列表。
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:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。
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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。