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Insiders Own 29% of CK Hutchison Holdings Limited (HKG:1) Shares but Individual Investors Control 51% of the Company

Insiders Own 29% of CK Hutchison Holdings Limited (HKG:1) Shares but Individual Investors Control 51% of the Company

业内人士拥有长江和记控股有限公司(HKG: 1)29%的股份,但个人投资者控制着该公司51%的股份
Simply Wall St ·  2023/10/30 23:25

Key Insights

主要见解

  • CK Hutchison Holdings' significant individual investors ownership suggests that the key decisions are influenced by shareholders from the larger public
  • 44% of the business is held by the top 25 shareholders
  • Insiders own 29% of CK Hutchison Holdings
  • 长和控股的大量个人投资者持股表明,关键决策受到广大公众中股东的影响
  • 44%的业务由前25名股东持有
  • 内部人士持有长和控股29%的股份

To get a sense of who is truly in control of CK Hutchison Holdings Limited (HKG:1), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are individual investors with 51% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

要弄清楚谁真正控制了长和控股有限公司(HKG:1),了解该企业的所有权结构是很重要的。而持有这块蛋糕最大份额的群体是拥有51%股权的个人投资者。也就是说,如果股价上涨,该集团将受益最大(如果股价下跌,该集团将损失最大)。

And individual insiders on the other hand have a 29% ownership in the company. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies.

另一方面,个人内部人士拥有该公司29%的股份。机构通常持有较成熟公司的股票,而内部人士拥有相当一部分较小公司的情况并不少见。

Let's delve deeper into each type of owner of CK Hutchison Holdings, beginning with the chart below.

让我们从下面的图表开始,更深入地研究长和控股的每一种类型的所有者。

See our latest analysis for CK Hutchison Holdings

查看我们对长和控股的最新分析

ownership-breakdown
SEHK:1 Ownership Breakdown October 30th 2023
联交所:1所有权分类2023年10月30日

What Does The Institutional Ownership Tell Us About CK Hutchison Holdings?

关于长和控股,机构持股告诉了我们什么?

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.

机构通常在向自己的投资者报告时,以基准来衡量自己,因此一旦一只股票被纳入主要指数,它们往往会对这只股票变得更加热情。我们预计,大多数公司都会有一些机构登记在册,特别是在它们正在增长的情况下。

CK Hutchison Holdings already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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. 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 CK Hutchison Holdings, (below). Of course, keep in mind that there are other factors to consider, too.

长和控股已有登记在册的机构。事实上,他们在该公司拥有可观的股份。这表明在专业投资者中有一定的可信度。但我们不能仅仅依靠这一事实,因为机构有时会做出糟糕的投资,就像每个人一样。如果两个大型机构投资者试图同时抛售一只股票,股价大幅下跌的情况并不少见。因此,值得查看长和控股过去的盈利轨迹(见下图)。当然,请记住,还有其他因素需要考虑。

earnings-and-revenue-growth
SEHK:1 Earnings and Revenue Growth October 30th 2023
联交所:1盈利及收入增长2023年10月30日

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. With 3.0% and 2.6% of the shares outstanding respectively, BlackRock, Inc. and The Vanguard Group, Inc. are the second and third largest shareholders.

对冲基金在长和控股的股份并不多。由于行动胜于雄辩,我们认为,当内部人士持有一家公司的大量股份时,这是一个好迹象。在长和控股的案例中,其高级管理人员Li是最大股东,持有29%的流通股。贝莱德股份有限公司和先锋集团股份有限公司分别持有3.0%和2.6%的流通股,是第二大和第三大股东。

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.

在研究我们的所有权数据时,我们发现,25名大股东总共拥有不到50%的股份登记,这意味着没有一个人拥有多数股权。

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. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

虽然研究一家公司的机构持股可以增加你的研究价值,但研究分析师的建议以更深入地了解一只股票的预期表现也是一个很好的做法。相当多的分析师追踪这只股票,所以你可以很容易地研究预测增长。

Insider Ownership Of CK Hutchison Holdings

长和控股的内部人所有权

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

不同国家对内部人的定义可能略有不同,但董事会成员总是算数的。公司管理层管理企业,但首席执行官将向董事会负责,即使他或她是董事会成员。

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.

大多数人认为内部人持股是积极的,因为它可以表明董事会与其他股东很好地结盟。然而,在某些情况下,太多的权力集中在这个群体中。

Our most recent data indicates that insiders own a reasonable proportion of CK Hutchison Holdings Limited. Insiders own HK$44b worth of shares in the HK$153b company. That's quite meaningful. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.

我们最新的数据显示,内部人士持有长和控股有限公司相当比例的股份。在这家市值1530亿港元的公司中,内部人士持有价值440亿港元的股票。这是很有意义的。大多数人会说,这表明与股东的关系很好,特别是在这样一家规模如此大的公司。你可以点击这里,看看这些内部人士是一直在买入还是卖出。

General Public Ownership

一般公有制

The general public -- including retail investors -- own 51% of CK Hutchison Holdings. 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.

包括散户在内的普通公众持有长和控股51%的股份。有了这样的持股量,散户投资者就可以集体在影响股东回报的决策中发挥作用,比如股息政策和董事任命。他们还可以对可能不会提高盈利能力的收购或合并行使投票权。

Next Steps:

接下来的步骤:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should be aware of the 2 warning signs we've spotted with CK Hutchison Holdings .

虽然考虑拥有一家公司的不同集团是很值得的,但还有其他更重要的因素。为此,您应该意识到2个警告标志我们已经发现了长和控股公司。

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.

但最终这就是未来,而不是过去,这将决定这家企业的所有者将做得多好。因此,我们认为,看看这份免费报告是明智的,它显示了分析师是否预测到了更光明的未来。

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:本文中的数字是使用过去12个月的数据计算的,指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。

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.

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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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