Piotech Inc.'s (SHSE:688072) Recent 5.0% Pullback Adds to One-year Year Losses, Institutional Owners May Take Drastic Measures
Piotech Inc.'s (SHSE:688072) Recent 5.0% Pullback Adds to One-year Year Losses, Institutional Owners May Take Drastic Measures
Key Insights
主要見解
- Institutions' substantial holdings in Piotech implies that they have significant influence over the company's share price
- 52% of the business is held by the top 7 shareholders
- Using data from analyst forecasts alongside ownership research, one can better assess the future performance of a company
- 機構持有股份表明他們對該公司的股價有重大影響力。
- 前7大股東持有該公司52%的股份。
- 通過分析師預測數據和所有權研究,您可以更好地評估公司未來的業績。
If you want to know who really controls Piotech Inc. (SHSE:688072), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 36% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
如果你想知道誰真正掌控着Piotech Inc.(SHSE:688072),那麼你必須看看它的股東名冊。我們可以看到機構擁有公司的大部分股份,擁有36%的所有權。換句話說,這個群體從他們對公司的投資中獲得最多的(或失去最多的)收益。
And institutional investors saw their holdings value drop by 5.0% last week. The recent loss, which adds to a one-year loss of 17% for stockholders, may not sit well with this group of investors. Institutions or "liquidity providers" control large sums of money and therefore, these types of investors usually have a lot of influence over stock price movements. Hence, if weakness in Piotech's share price continues, institutional investors may feel compelled to sell the stock, which might not be ideal for individual investors.
機構投資者上週看到他們的持股價值下降了5.0%。最近的損失爲股東帶來了17%的一年損失,這可能不利於這群投資者。機構或“流動性提供者”控制着大量資金,因此,這些類型的投資者通常對股票價格變動有很大的影響力。因此,如果Piotech的股價繼續疲軟,機構投資者可能會感到有必要出售股票,這對個人投資者可能不是理想的。
Let's delve deeper into each type of owner of Piotech, beginning with the chart below.
讓我們深入挖掘Piotech的每種所有者類型,從下面的圖表開始。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240725/0-535e4ac96c77532d65db3f695c2bdc4f-0-1d1e89960e0335874a2cd55755112747.png/big)
What Does The Institutional Ownership Tell Us About Piotech?
機構持股對Piotech有何啓示?
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.
許多機構衡量其業績的標準是一個近似於當地市場的指數。因此,他們通常更加關注包括在主要指數中的公司。
We can see that Piotech 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 Piotech's historic earnings and revenue below, but keep in mind there's always more to the story.
我們可以看到Piotech確實擁有機構投資者;他們持有公司股份的很大一部分。這表明業內投資者對公司的信譽有所認可。但是,我們不能僅憑這個事實,因爲機構有時也會做出糟糕的投資決策,就像所有人一樣。當多個機構擁有股票時,總會存在他們在一個“擁擠的交易”中的風險。當這樣的交易出現問題時,多方可能會競相快速賣出股票。在一個沒有增長曆史的公司中,這種風險更高。您可以在下面看到Piotech的歷史盈利和營業收入,但請記住故事的情節往往不止這些。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240725/0-535e4ac96c77532d65db3f695c2bdc4f-1-0719fb5e6c47957927e7b411d54c2b42.png/big)
We note that hedge funds don't have a meaningful investment in Piotech. Looking at our data, we can see that the largest shareholder is Huaxin Investment Management Co., Ltd. with 20% of shares outstanding. SDIC (Shanghai) Venture Capital Management Co., Ltd. is the second largest shareholder owning 14% of common stock, and Advanced Micro-Fabrication Equipment Inc. China holds about 7.4% of the company stock.
我們注意到對Piotech的對沖基金沒有意義的投資。通過觀察我們的數據,我們可以看到最大的股東是華信投資管理有限公司,擁有20%的流通股。SDIC(上海)創業投資管理有限公司是第二大股東,擁有普通股的14%,而中微公司持有約7.4%的公司股票。
We did some more digging and found that 7 of the top shareholders account for roughly 52% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.
我們進一步調查發現,前7大股東持有大約52%的股份登記證書,意味着除了較大的股東外,還有一些較小的股東,從而在一定程度上平衡了彼此的利益。
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 are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
儘管研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的建議也是一個好習慣,以深入了解股票的預期表現。有許多分析師對這支股票進行了覆蓋,因此了解他們的預測可能值得一試。
Insider Ownership Of Piotech
Piotech的內部所有權
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
雖然“內部人士”的明確定義具有主觀性,但幾乎所有人都認爲董事會成員是內部人士。公司管理業務,但首席執行官即使是董事會成員,也要向董事會負責。
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.
當內部人持股情況表明領導層思考和公司真正所有者一樣時,內部所有權是積極的。然而,高達內部人士所有權也可能爲公司內的小團體帶來巨大的權力。在某些情況下,這可能是負面的。
Our most recent data indicates that insiders own some shares in Piotech Inc.. This is a big company, so it is good to see this level of alignment. Insiders own CN¥802m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently.
我們最近的數據顯示,內部人員擁有Piotech Inc.的部分股份。這是一家大公司,所以看到這種程度的一致性是好的。內部人員擁有現價CN¥80200萬的股票,看到內部人員最近是否一直在購買。
General Public Ownership
一般大衆所有權
The general public-- including retail investors -- own 13% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
普通公衆(包括散戶投資者)擁有該公司的13%股份,因此不容忽視。雖然該群體不能決定,但肯定會對公司的運營產生實際影響。
Private Equity Ownership
股權投資公司持有8.8%的股份,有能力參與塑造以價值創造爲重點的公司策略。一些投資者可能會因此而受到鼓舞,因爲股權投資公司有時可以鼓勵市場看到公司的價值,從而採取有益的策略。另外,那些持有者可能在將其上市後退出投資。
With an ownership of 33%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.
作爲33%的所有者,私募股權公司可以發揮塑造企業策略的作用,重點放在價值創造上。有時我們會看到私人股本長期存在,但一般來說他們的投資週期較短,而且 —— 顧名思義 —— 不太投資於公開公司。一段時間後,他們可能會尋求出售並重新配置資本。
Private Company Ownership
私有公司的所有權
Our data indicates that Private Companies hold 5.9%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.
我們的數據表明,私人公司持有該公司股份的5.9%。私人公司可能是關聯方。有時內部人員通過對一個私人公司的持股,而不是作爲個人的自身利益,來關注一家上市公司。雖然很難得出任何廣泛的結論,但值得注意的是進一步的研究領域。
Public Company Ownership
上市公司所有權
Public companies currently own 7.4% of Piotech stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.
上市公司目前持有Piotech的7.4%的股份。這可能是出於戰略利益,兩家公司可能有相關的業務利益。可能是因爲他們已經拆分了。這個持有公司的股份可能值得進一步調查。
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. Be aware that Piotech is showing 1 warning sign in our investment analysis , you should know about...
雖然考慮公司的不同所有者群體很值得,但還有其他更重要的因素。請注意,Piotech在我們的投資分析中顯示了1個警告標誌,您應該知道......
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.
如果您像我一樣,可能希望考慮這家公司是否會增長或縮小。幸運的是,您可以查看此免費報告,顯示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: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。