Great Week for ASR Microelectronics Co., Ltd. (SHSE:688220) Institutional Investors After Losing 51% Over the Previous Year
Great Week for ASR Microelectronics Co., Ltd. (SHSE:688220) Institutional Investors After Losing 51% Over the Previous Year
Key Insights
主要見解
- Given the large stake in the stock by institutions, ASR Microelectronics' stock price might be vulnerable to their trading decisions
- A total of 7 investors have a majority stake in the company with 51% ownership
- Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
- 鑑於機構對股票持有大量股份,ASR Microelectronics 股價可能受到其交易決策的影響
- 共有7家投資者擁有該公司的51%所有權。
- 分析師預測以及所有者數據可以給我們提供有關業務前景的強烈想法。
Every investor in ASR Microelectronics Co., Ltd. (SHSE:688220) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 35% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
ASR Microelectronics Co., Ltd. (SHSE:688220) 的每位投資者都應了解最重要的股東群體。持有最大股份的是佔有 35% 股權的機構。換句話說,該群體面臨着最大的上行潛力(或下行風險)。
Last week's CN¥645m market cap gain would probably be appreciated by institutional investors, especially after a year of 51% losses.
CN¥64500萬的市值漲幅可能會受到機構投資者的歡迎,特別是在經歷了 51% 的虧損之後。
In the chart below, we zoom in on the different ownership groups of ASR Microelectronics.
以下圖表顯示 ASR Microelectronics 不同的所有權群體。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240801/0-6277baf07d3957b631c590438f060af4-0-88465fbc1ce16ad4490b333a6cda9dc6.png/big)
What Does The Institutional Ownership Tell Us About ASR Microelectronics?
機構持股告訴我們關於 ASR Microelectronics 的什麼信息?
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。
ASR Microelectronics 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 ASR Microelectronics' historic earnings and revenue below, but keep in mind there's always more to the story.
ASR Microelectronics 已經擁有機構在股份登記簿上持有的相當大的股份。這意味着爲這些機構工作的分析師已經研究過這支股票,並且他們喜歡它。但是,和其他人一樣,他們也可能是錯的。當多個機構擁有同一支股票時,它們總是存在着「擁擠交易」的風險。當這種交易出現問題時,多個方收割者可能會爭相快速出售股票。在一家沒有增長曆史的公司中,這種風險更高。您可以在下面查看 ASR Microelectronics 的歷史收入和營業收入,但請記住,這只是故事的一部分。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240801/0-6277baf07d3957b631c590438f060af4-1-8f25874a97634565814a1314fa0e0615.png/big)
Hedge funds don't have many shares in ASR Microelectronics. Looking at our data, we can see that the largest shareholder is Alibaba Group Holding Limited with 16% of shares outstanding. With 9.3% and 8.6% of the shares outstanding respectively, Ningbo Jiexin Ruiwei Enterprise Management Partnership Enterprise (Limited Partnership) and Baojia Dai are the second and third largest shareholders. Baojia Dai, who is the third-largest shareholder, also happens to hold the title of Chairman of the Board.
對於 ASR Microelectronics,對沖基金並沒有太多持股。據我們的數據顯示,最大股東是佔有 16% 流通股的 Alibaba Group Holding Limited。持有 9.3% 和 8.6% 流通股的第二大和第三大股東分別是寧波捷信瑞威企業管理合夥企業(有限合夥)和戴博佳。戴博佳,也就是第三大股東,同時擔任董事會主席。
On further inspection, we found that more than half the company's shares are owned by the top 7 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.
經過進一步檢查,我們發現該公司超過一半的股權由前7大股東持有,這意味着較小股東的利益在一定程度上可以平衡較大股東的利益。
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
研究機構所有權是衡量和過濾股票預期性能的好方法。通過研究分析師的情緒,也可以實現同樣的效果。很多分析師都在關注該股票,看看他們的預測值得不值得。
Insider Ownership Of ASR Microelectronics
ASR Microelectronics 的內部持股情況
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.
在不同國家,內部人員的定義可能會略有不同,但董事會成員始終是內部人員。管理層最終向董事會負責。然而,如果管理人員是創始人或CEO,那麼成爲執行董事會成員也是很常見的。
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.
我通常認爲內部人士持股是一件好事。但是,在某些情況下,它會使其他股東更難以對董事會的決定進行問責。
We can see that insiders own shares in ASR Microelectronics Co., Ltd.. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around CN¥1.3b 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.
我們可以看到 ASR Microelectronics Co., Ltd. 的內部人士持有該公司的股份,這是一個非常大的公司,因此看到一些潛在的重大利益相關者參與其中是一個很正面的信號。在這種情況下,他們持有價值約爲 CN¥13億的股票(按當前價格計算)。看到內部人士有這樣的投資大約是件好事。您可以在這裏查看近期是否有這些內部人士購買股票。
General Public Ownership
一般大衆所有權
The general public-- including retail investors -- own 23% 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,包括零售投資者,擁有該公司的23%股份,因此不容易被忽視。儘管佔有的股份較大,但如果決策不與其他大股東保持一致,這家公司的政策可能無法改變。
Private Equity Ownership
股權投資公司持有8.8%的股份,有能力參與塑造以價值創造爲重點的公司策略。一些投資者可能會因此而受到鼓舞,因爲股權投資公司有時可以鼓勵市場看到公司的價值,從而採取有益的策略。另外,那些持有者可能在將其上市後退出投資。
With an ownership of 5.4%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public.
顯然,浙江榮泰電氣材料股份有限公司的股權結構非常複雜。然而,歸根結底,最重要的是確定哪家公司能夠持續賺錢。因此,必須仔細研究公司業績和未來的發展前景。
Private Company Ownership
私有公司的所有權
Our data indicates that Private Companies hold 12%, of the company's shares. 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.
我們的數據表明,私人公司持有該公司12%的股份。私營公司可能是相關方。有時,內部人員通過在私營公司中持有股份而不是以個人身份持有公共公司的股份來擁有對公共公司的利益。雖然很難得出任何廣泛的結論,但值得注意的是進一步研究的領域。
Public Company Ownership
上市公司所有權
It appears to us that public companies own 16% of ASR Microelectronics. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.
公共公司似乎擁有 ASR Microelectronics 的 16%。我們不能確定,但這可能是一種戰略性的持倉。這些企業可能具有相似的業務或協作關係。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand ASR Microelectronics better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for ASR Microelectronics you should know about.
始終值得思考在一家公司中擁有股份的不同群體。但是要更好地了解 ASR Microelectronics,我們需要考慮許多其他因素。例如風險。每個公司都有風險,我們已經發現了一個 ASR Microelectronics 的警告信號,您應該知道。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
最終,未來最重要。您可以在這份關於該公司分析師預測的免費報告中獲取有關信息。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。