Private Companies Are MMG Limited's (HKG:1208) Biggest Owners and Were Hit After Market Cap Dropped HK$3.5b
Private Companies Are MMG Limited's (HKG:1208) Biggest Owners and Were Hit After Market Cap Dropped HK$3.5b
Key Insights
關鍵見解
- The considerable ownership by private companies in MMG indicates that they collectively have a greater say in management and business strategy
- A total of 2 investors have a majority stake in the company with 50% ownership
- Institutions own 10% of MMG
- 私營公司在MMG中的大量所有權表明,它們在管理和業務戰略中集體擁有更大的發言權
- 共有2名投資者持有該公司的多數股權,所有權爲50%
- 機構擁有 MMG 10% 的股份
Every investor in MMG Limited (HKG:1208) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 48% 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.
MMG Limited(HKG: 1208)的每位投資者都應該知道最強大的股東群體。持有該公司股份最多的集團是私營公司,準確地說約爲48%。換句話說,該集團將從對公司的投資中獲得最多(或損失最大)。
As market cap fell to HK$31b last week, private companies would have faced the highest losses than any other shareholder groups of the company.
隨着上週市值跌至310億港元,私營公司面臨的損失將超過該公司任何其他股東群體。
Let's delve deeper into each type of owner of MMG, beginning with the chart below.
讓我們從下圖開始,深入研究每種類型的MMG所有者。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20241217/0-fbc956266989d228168c577cc1218ce5-0-6031f0d723bf9bb0ed73bd2d27485577.png/big)
What Does The Institutional Ownership Tell Us About MMG?
關於MMG,機構所有權告訴我們什麼?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
許多機構根據接近當地市場的指數來衡量其表現。因此,他們通常會更多地關注主要指數中包含的公司。
MMG 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. 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 MMG's earnings history below. Of course, the future is what really matters.
MMG已經在股票登記處設立了機構。事實上,他們擁有該公司可觀的股份。這意味着在這些機構工作的分析師已經看過這隻股票,他們很喜歡。但是就像其他人一樣,他們可能錯了。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MMG的收益記錄。當然,未來才是真正重要的。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20241217/0-fbc956266989d228168c577cc1218ce5-1-b39f6866035515477234b2b475f61b38.png/big)
MMG is not owned by hedge funds. China Minmetals Corporation is currently the largest shareholder, with 48% of shares outstanding. In comparison, the second and third largest shareholders hold about 2.2% and 1.2% of the stock.
MMG不歸對沖基金所有。中國五礦集團目前是最大股東,已發行股份的48%。相比之下,第二和第三大股東持有約2.2%和1.2%的股份。
A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 50% stake.
對股東登記冊的更詳細研究表明,兩名最大股東通過其50%的股份擁有公司的大量所有權。
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 are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
雖然研究公司的機構所有權可以爲你的研究增加價值,但研究分析師的建議以更深入地了解股票的預期表現也是一種很好的做法。有合理數量的分析師報道該股,因此了解他們對未來的總體看法可能會很有用。
Insider Ownership Of MMG
MMG 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. 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.
公司內部人員的定義可能是主觀的,並且確實因司法管轄區而異。我們的數據反映了個別內部人士,至少涵蓋了董事會成員。公司管理層對董事會的回答,董事會應代表股東的利益。值得注意的是,有時高層管理人員自己也在董事會中。
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.
我通常認爲內部所有權是一件好事。但是,在某些情況下,這使得其他股東更難要求董事會對決策負責。
Our data suggests that insiders own under 1% of MMG Limited in their own names. However, it's possible that insiders might have an indirect interest through a more complex structure. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own HK$2.4m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
我們的數據表明,內部人士以自己的名義擁有MMG Limited不到1%的股份。但是,內部人士有可能通過更復雜的結構獲得間接利益。這是一家大公司,因此即使是很小的比例權益也可以在董事會和股東之間建立一致。在本案中,內部人士擁有價值240萬港元的股票。很高興看到董事會成員擁有股票,但可能值得檢查一下這些內部人士是否在買入。
General Public Ownership
普通公有制
With a 42% ownership, the general public, mostly comprising of individual investors, have some degree of sway over MMG. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
擁有42%的所有權的公衆(主要由個人投資者組成)對MMG有一定程度的影響力。儘管這種所有權規模可能不足以影響對他們有利的政策決定,但它們仍然可以對公司政策產生集體影響。
Private Company Ownership
私人公司所有權
It seems that Private Companies own 48%, of the MMG stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
私人公司似乎擁有MMG股票的48%。僅憑這一事實很難得出任何結論,因此值得研究誰擁有這些私營公司。有時,內部人士或其他關聯方通過一家獨立的私人公司對上市公司的股份擁有權益。
Next Steps:
後續步驟:
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. To that end, you should learn about the 2 warning signs we've spotted with MMG (including 1 which is significant) .
我覺得看看究竟誰擁有一家公司非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。爲此,你應該了解我們在MMG中發現的兩個警告信號(包括一個重要的警告信號)。
If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
如果你像我一樣,你可能需要考慮這家公司是增長還是萎縮。幸運的是,您可以查看這份免費報告,該報告顯示了分析師對其未來的預測。
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日期的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?擔心內容嗎?直接聯繫我們。或者,發送電子郵件給編輯組(網址爲)simplywallst.com。
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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。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,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。