China Everbright Bank Company Limited's (SHSE:601818) Market Cap Dropped CN¥8.9b Last Week; Private Companies Bore the Brunt
China Everbright Bank Company Limited's (SHSE:601818) Market Cap Dropped CN¥8.9b Last Week; Private Companies Bore the Brunt
Key Insights
主要見解
- China Everbright Bank's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- A total of 2 investors have a majority stake in the company with 54% ownership
- 17% of China Everbright Bank is held by Institutions
- 中國光大銀行的大量私人公司所有權表明,關鍵決策受到更大的公衆股東的影響。
- 該公司的多數股份由2位投資者持有,佔有54%的所有權。
- 中國光大銀行有17%的機構持股。
Every investor in China Everbright Bank Company Limited (SHSE:601818) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are private companies with 52% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
每位投資中國光大銀行股份有限公司(SHSE: 601818)的投資者都應該意識到最強大股東群體。而持有最大餅圖的群體是佔有52%所有權的私人公司。換句話說,這個群體將從他們對公司的投資中獲得最多(或者最少)的利益。
As a result, private companies as a group endured the highest losses last week after market cap fell by CN¥8.9b.
因此,私人公司作爲一個群體,在市值下降了89億元后,上週遭受了最大的損失。
In the chart below, we zoom in on the different ownership groups of China Everbright Bank.
在下面的圖表中,我們將放大中國光大銀行的不同股權組。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240730/0-1dc77181d5488c229b66554a9125a009-0-300be6ed8b81b34420bc8614c6b73def.png/big)
What Does The Institutional Ownership Tell Us About China Everbright Bank?
機構投資者擁有相當數量的中國光大銀行股份,這表明在專業投資者中具有一定的信譽度。但我們不能僅僅依靠這個事實,因爲機構有時也會犯錯誤,就像每個人一樣。有時如果兩個大型機構投資者試圖同時拋售股票,股價會大幅下跌,這並不罕見。因此,值得檢查中國光大銀行過去的收益軌跡(如下圖)。當然,還需考慮其他因素。
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。
As you can see, institutional investors have a fair amount of stake in China Everbright Bank. 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 China Everbright Bank, (below). Of course, keep in mind that there are other factors to consider, too.
SHSE:601818收益和營業收入增長 2024年7月30日
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240730/0-1dc77181d5488c229b66554a9125a009-1-cb1a247604894be4d54bdc4503709a77.png/big)
China Everbright Bank is not owned by hedge funds. China Everbright Group Ltd. is currently the company's largest shareholder with 47% of shares outstanding. With 7.1% and 3.9% of the shares outstanding respectively, China Huarong Asset Management Co., Ltd., Asset Management Arm and China COSCO Shipping Corporation Limited are the second and third largest shareholders.
中國光大銀行的內部所有權情況 似乎私人公司擁有中國光大銀行股票的52%。私人公司可能是關聯方。有時內部人員通過在私人公司持有股權而不是以個人的身份擁有對上市公司的利益。雖然很難得出任何廣泛的結論,但值得注意的是這是一項需要進一步研究的領域。
To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.
爲了使我們的研究更有趣,我們發現前2名股東擁有該公司的大部分所有權,這意味着他們足夠強大,可以影響公司的決策。
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
研究機構所有權是衡量和過濾股票預期表現的好方法。通過研究分析師的情緒也可以實現同樣的目的。由於有相當數量的分析師涵蓋這支股票,因此了解他們對未來的整體看法可能會有所幫助。
Insider Ownership Of China Everbright Bank
我覺得查看擁有一家公司的人真的很有趣。但實際上,爲了獲得洞察力,我們需要考慮其他信息。例如,考慮風險。每個公司都有自己的風險,我們已經發現了中國光大銀行的1個警示信號,您應該知道。
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
在不同國家,內部人員的定義可能會略有不同,但董事會成員始終是內部人員。管理層最終向董事會負責。然而,如果管理人員是創始人或CEO,那麼成爲執行董事會成員也是很常見的。
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.
我通常認爲內部人士持股是一件好事。但是,在某些情況下,它會使其他股東更難以對董事會的決定進行問責。
We note our data does not show any board members holding shares, personally. It is unusual not to have at least some personal holdings by board members, so our data might be flawed. A good next step would be to check how much the CEO is paid.
我們注意到我們的數據並沒有顯示任何董事會成員擁有股份。董事會成員至少擁有一些個人持倉是不尋常的,因此我們的數據可能有缺陷。下一步是檢查CEO的薪酬水平。
General Public Ownership
一般大衆所有權
The general public-- including retail investors -- own 30% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
普通公衆,包括零售投資者,在公司中擁有30%的股份,因此不能輕易忽略。儘管這種所有權規模相當大,但如果決策與其他大股東不一致,則可能不足以改變公司政策。
Private Company Ownership
私有公司的所有權
It seems that Private Companies own 52%, of the China Everbright Bank stock. 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.
Next Steps:
下一步:
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 1 warning sign for China Everbright Bank 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.
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。