The considerable ownership by retail investors in CK Hutchison Holdings indicates that they collectively have a greater say in management and business strategy
47% of the business is held by the top 25 shareholders
29% of CK Hutchison Holdings is held by insiders
A look at the shareholders of CK Hutchison Holdings Limited (HKG:1) can tell us which group is most powerful. With 50% stake, retail investors possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Meanwhile, individual insiders make up 29% of the company's shareholders. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies.
Let's take a closer look to see what the different types of shareholders can tell us about CK Hutchison Holdings.
SEHK:1 Ownership Breakdown June 7th 2024
What Does The Institutional Ownership Tell Us About CK Hutchison Holdings?
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.
We can see that CK Hutchison Holdings does have institutional investors; and they hold a good portion of the company's stock. 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. 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 CK Hutchison Holdings' historic earnings and revenue below, but keep in mind there's always more to the story.
SEHK:1 Earnings and Revenue Growth June 7th 2024
Hedge funds don't have many shares in CK Hutchison Holdings. Because actions speak louder than words, we consider it a good sign when insiders own a significant stake in a company. In CK Hutchison Holdings' case, its Senior Key Executive, Ka-shing Li, is the largest shareholder, holding 29% of shares outstanding. In comparison, the second and third largest shareholders hold about 5.0% and 2.7% of the stock.
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.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of CK Hutchison Holdings
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. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
It seems insiders own a significant proportion of CK Hutchison Holdings Limited. It is very interesting to see that insiders have a meaningful HK$43b stake in this HK$148b business. It is good to see this level of investment. You can check here to see if those insiders have been buying recently.
General Public Ownership
The general public, who are usually individual investors, hold a substantial 50% stake in CK Hutchison Holdings, suggesting it is a fairly popular stock. 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.
Next Steps:
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. Consider risks, for instance. Every company has them, and we've spotted 2 warning signs for CK Hutchison Holdings you should know about.
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.
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.
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.
キーインサイト
CK Hutchison Holdingsによる小売投資家によるかなりの所有権は、彼らが経営とビジネス戦略において共同でより大きな発言力を持っていることを示しています。
ビジネスの47%は上位25人の株主によって保有されています。
CK Hutchison Holdingsの29%は、インサイダーによって保有されています。
CK Hutchison Holdings Limited(HKG:1)の株主を調べると、どのグループが最も強力かが分かります。小売投資家が50%の持ち株数を保有しているため、このグループは、株価が上昇すれば最も利益を得ることができます(もしくは、下落があれば最も損失を受けることになります)。一方、個人インサイダーは、同社の株主の29%を占めています。機関投資家は主に確立された企業の株を所有していますが、小さな企業ではインサイダーがかなり所有していることがよくあります。
CK Hutchison Holdingsに関する異なるタイプの株主が何を示しているかを見てみましょう。
CK Hutchison Holdingsに関して、異なるタイプの株主が何を示しているか見てみましょう。
SEHK:1の所有構成(2024年6月7日)
CK Hutchison Holdingsに関する機関投資家の所有構成に関しては、同社が一定の信認を得ていることを示唆するものの、投資家の信頼性に依存することには注意が必要です。というのも、投資家にも間違いや誤算があるからです。複数の機関が一つの株を所有している場合、それが「混雑取引」(crowded trade)となってしまうことがあります。そうなると、数多くの団体が急いで株を売却するリスクが高くなります。成長の歴史のない企業でこのリスクはより高くなります。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。