Private Companies Are Sinotrans Limited's (HKG:598) Biggest Owners and Were Rewarded After Market Cap Rose by HK$1.2b Last Week
Private Companies Are Sinotrans Limited's (HKG:598) Biggest Owners and Were Rewarded After Market Cap Rose by HK$1.2b Last Week
Key Insights
主要見解
- Significant control over Sinotrans 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 China Merchants Group Limited with a 59% stake
- Institutional ownership in Sinotrans is 18%
- 私有公司對中國外運的重要控制權意味着普通公衆在影響管理和治理方面的決策方面具有更大的影響力。
- 該公司的最大股東是擁有59%股份的招商局集團有限公司。
- 中國外運的機構持股比例爲18%。
If you want to know who really controls Sinotrans Limited (HKG:598), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 59% to be precise, is private companies. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
如果你想了解誰真正控制中國外運股份有限公司 (HKG:598),那麼你需要看一下其股份登記表的構成。持有公司股份數量最多的集團是私有公司,佔公司股份的約59%。換句話說,該集團在其對公司的投資中將獲得最多的利益(或蒙受最多的損失)。
As a result, private companies collectively scored the highest last week as the company hit HK$35b market cap following a 4.6% gain in the stock.
因此,隨着該股票上漲4.6%至HK$350億市值,私有公司在上週共同獲得了最高分。
In the chart below, we zoom in on the different ownership groups of Sinotrans.
在下面的圖表中,我們關注了中國外運的不同所有權群體。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-d37aff0db9e5fe8e1b08441601b07ad8-0-1b828186206d921055eb765e21e072d2.png/big)
What Does The Institutional Ownership Tell Us About Sinotrans?
機構投資者持有多少中國外運的股份?
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.
機構通常在向自己的投資者報告時會針對一個基準進行衡量,因此一旦某隻股票被納入主要指數,他們通常會更加熱衷於該股票。我們預計大多數公司都會有一些機構在登記簿上,尤其是那些正在增長的公司。
As you can see, institutional investors have a fair amount of stake in Sinotrans. 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. 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 Sinotrans, (below). Of course, keep in mind that there are other factors to consider, too.
正如您所看到的,機構投資者在中國外運擁有相當數量的股份。這可能表明,公司在投資界享有一定的信譽度。然而,最好對依賴機構投資者所認爲的驗證持謹慎態度。它們也會有錯誤。如果兩個大型機構投資者同時嘗試出售股票,很常見看到股價大幅下跌。因此,檢查中國外運的過去收益軌跡是值得的(下面)。當然,還需要考慮其他因素。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-d37aff0db9e5fe8e1b08441601b07ad8-1-8a22ffe96418dfb2ef51cd1ffd350c7c.png/big)
Hedge funds don't have many shares in Sinotrans. Our data shows that China Merchants Group Limited is the largest shareholder with 59% of shares outstanding. This implies that they have majority interest control of the future of the company. For context, the second largest shareholder holds about 4.2% of the shares outstanding, followed by an ownership of 2.4% by the third-largest shareholder.
對於中國外運,對沖基金持有的股份不多。我們的數據顯示,招商局集團有限公司是最大的股東,持有59%的流通股份。這意味着他們對公司的未來具有控制權。在這種情況下,第二大股東持有約4.2%的流通股份,第三大股東持有2.4%的股份。
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 a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
研究機構所有權是衡量和過濾股票預期表現的好方法。通過研究分析師的情緒也可以實現同樣的目的。由於有相當數量的分析師涵蓋這支股票,因此了解他們對未來的整體看法可能會有所幫助。
Insider Ownership Of Sinotrans
中國外運的內部股權
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。
Our most recent data indicates that insiders own less than 1% of Sinotrans Limited. However, it's possible that insiders might have an indirect interest through a more complex structure. Keep in mind that it's a big company, and the insiders own HK$133m worth of shares. The absolute value might be more important than the proportional share. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.
我們最近的數據表明,內部人員持有中國外運股份有限公司不到1%的股份。但是,通過更復雜的結構,內部人員可能擁有間接利益。請記住,它是一家大公司,內部人員持有價值1,3300萬元的股份。絕對值可能比比例份額更重要。可以點擊這裏查看內部人員是否一直在買賣。
General Public Ownership
一般大衆所有權
The general public, who are usually individual investors, hold a 22% stake in Sinotrans. 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.
通常爲個體投資者的普通公衆持有中國外運的22%的股份。儘管持股規模很大,但如果決策與其他大股東不一致,這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 59%, 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.
我們可以看到私有公司擁有發行股份的59%。這或許值得深入研究。如有關方,例如內部人員,在其中一個私有公司中擁有利益,應在年度報告中披露。私有公司也可能對公司有戰略利益。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand Sinotrans better, we need to consider many other factors. For instance, we've identified 1 warning sign for Sinotrans that you should be aware of.
在考慮公司的不同股權群體時是值得的。但要更好地了解中國外運,我們需要考慮許多其他因素。例如,我們發現了中國外運的1個警示標誌,您應該知道。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果您希望了解分析師在未來增長方面的預測,請務必不要錯過這份免費報告。
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: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。