Vobile Group Limited's (HKG:3738) Last Week's 11% Decline Must Have Disappointed Retail Investors Who Have a Significant Stake
Vobile Group Limited's (HKG:3738) Last Week's 11% Decline Must Have Disappointed Retail Investors Who Have a Significant Stake
Key Insights
主要見解
- Vobile Group's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public
- The top 25 shareholders own 43% of the company
- 23% of Vobile Group is held by insiders
- 阜博集團的重大零售投資者持股表明,關鍵決策受到較大公衆股東的影響。
- 前25名股東擁有公司43%的股份。
- 阜博集團23%的股份由內部人士持有。
To get a sense of who is truly in control of Vobile Group Limited (HKG:3738), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are retail investors with 57% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
要了解阜博集團有限公司(HKG:3738)究竟由誰掌控,了解該業務的所有權結構至關重要。而持有最大份額的群體是擁有57%股份的零售投資者。換句話說,該群體將從他們對公司的投資中獲得最大的收益(或承受最大的損失)。
While the holdings of retail investors took a hit after last week's 11% price drop, insiders with their 23% also suffered.
儘管零售投資者的持有情況在上週11%的價格下跌後受到了影響,但內部人士的23%也遭受了損失。
In the chart below, we zoom in on the different ownership groups of Vobile Group.
在下面的圖表中,我們關注阜博集團不同的所有權群體。
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What Does The Institutional Ownership Tell Us About Vobile Group?
機構持有情況告訴我們關於阜博集團什麼?
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。
We can see that Vobile Group does have institutional investors; and they hold a good portion of the company's stock. 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. 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 Vobile Group's historic earnings and revenue below, but keep in mind there's always more to the story.
我們可以看到阜博集團確實有機構投資者,他們持有公司相當大一部分的股票。這表明在專業投資者中有一定的可信度。但我們不能僅僅依賴這一事實,因爲機構有時也會進行錯誤的投資,就像其他人一樣。當多家機構共同持有一隻股票時,始終存在他們處於'擁擠交易'的風險。當這樣的交易出現問題時,多方可能會爭相快速賣出股票。對於沒有增長曆史的公司,這種風險更高。您可以在下面看到阜博集團的歷史營業收入和收益,但請記住,故事還有更多的內容。
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We note that hedge funds don't have a meaningful investment in Vobile Group. Looking at our data, we can see that the largest shareholder is the CEO Yangbin Wang with 13% of shares outstanding. Jian Lu is the second largest shareholder owning 5.6% of common stock, and AntDigital Global Limited holds about 5.1% of the company stock.
我們注意到對阜博集團對沖基金並沒有重要的投資。根據我們的數據,我們可以看到最大的股東是首席執行官楊斌王,擁有13%的流通股份。陸建是第二大股東,持有5.6%的普通股,AntDigital 全球有限公司持有大約5.1%的公司股票。
On studying our ownership data, we found that 25 of the top shareholders collectively own less than 50% of the share register, implying that no single individual has a majority interest.
經過我們的所有權數據研究,我們發現前25位股東共同擁有不到50%的股份,表明沒有任何個人擁有多數利益。
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.
儘管研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的推薦也是一個好禮。該股票受到的分析師覆蓋範圍很小,但不多。因此,它有更多的空間獲得更多的覆蓋範圍。
Insider Ownership Of Vobile Group
阜博集團的內部持股
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
內部人員的定義在不同國家之間可能略有不同,但董事會成員始終計數。公司管理層回答董事會,在此應代表股東利益。值得注意的是,有時高級管理人員也在董事會上。
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。
It seems insiders own a significant proportion of Vobile Group Limited. Insiders own HK$1.7b worth of shares in the HK$7.4b company. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.
看起來內部人士擁有阜博集團有限公司相當大的股份。內部人士在這家市值74億港元的公司中擁有價值17億港元的股票。我們認爲這顯示了與股東的一致性,但值得注意的是,這家公司仍然相當小;部分內部人士可能是創始人。您可以點擊這裏查看這些內部人士是否在買入或賣出。
General Public Ownership
一般大衆所有權
The general public -- including retail investors -- own 57% of Vobile Group. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.
公衆——包括散戶投資者——擁有阜博集團57%的股份。憑藉這樣的持股比例,散戶投資者可以在影響股東回報的決策中共同發揮作用,例如股息政策和董事的任命。他們還可以行使表決權,對可能不會改善盈利能力的收購或合併進行投票。
Private Company Ownership
私有公司的所有權
It seems that Private Companies own 8.8%, of the Vobile Group stock. 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.
似乎私營公司擁有阜博集團8.8%的股票。值得進一步研究一下。如果相關方,如內部人士,對這些私營公司之一有興趣,應該在年報中披露。私營公司可能也對該公司有戰略興趣。
Next Steps:
下一步:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 3 warning signs for Vobile Group that you should be aware of.
雖然考慮擁有一家公司不同群體是非常有價值的,但還有其他因素更爲重要。例如,我們已識別出阜博集團的3個警告信號,您應該注意。
But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.
但最終,決定該業務所有者將獲得多大利益的是未來而非過去。因此,我們認爲最好查看此免費報告,以了解分析師是否預測更光明的未來。
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。
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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?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。