Private Companies Are Sinotrans Limited's (HKG:598) Biggest Owners and Were Rewarded After Market Cap Rose by HK$1.2b Last Week
Private Companies Are Sinotrans Limited's (HKG:598) Biggest Owners and Were Rewarded After Market Cap Rose by HK$1.2b Last Week
Key Insights
主要见解
- Significant control over Sinotrans by private companies implies that the general public has more power to influence management and governance-related decisions
- The largest shareholder of the company is China Merchants Group Limited with a 59% stake
- Institutional ownership in Sinotrans is 18%
- 私有公司对中国外运的重要控制权意味着普通公众在影响管理和治理方面的决策方面具有更大的影响力。
- 该公司的最大股东是拥有59%股份的招商局集团有限公司。
- 中国外运的机构持股比例为18%。
If you want to know who really controls Sinotrans Limited (HKG:598), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 59% 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.
如果你想了解谁真正控制中国外运股份有限公司 (HKG:598),那么你需要看一下其股份登记表的构成。持有公司股份数量最多的集团是私有公司,占公司股份的约59%。换句话说,该集团在其对公司的投资中将获得最多的利益(或蒙受最多的损失)。
As a result, private companies collectively scored the highest last week as the company hit HK$35b market cap following a 4.6% gain in the stock.
因此,随着该股票上涨4.6%至HK$350亿市值,私有公司在上周共同获得了最高分。
In the chart below, we zoom in on the different ownership groups of Sinotrans.
在下面的图表中,我们关注了中国外运的不同所有权群体。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-d37aff0db9e5fe8e1b08441601b07ad8-0-1b828186206d921055eb765e21e072d2.png/big)
What Does The Institutional Ownership Tell Us About Sinotrans?
机构投资者持有多少中国外运的股份?
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会针对一个基准进行衡量,因此一旦某只股票被纳入主要指数,他们通常会更加热衷于该股票。我们预计大多数公司都会有一些机构在登记簿上,尤其是那些正在增长的公司。
As you can see, institutional investors have a fair amount of stake in Sinotrans. 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. 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 Sinotrans, (below). Of course, keep in mind that there are other factors to consider, too.
正如您所看到的,机构投资者在中国外运拥有相当数量的股份。这可能表明,公司在投资界享有一定的信誉度。然而,最好对依赖机构投资者所认为的验证持谨慎态度。它们也会有错误。如果两个大型机构投资者同时尝试出售股票,很常见看到股价大幅下跌。因此,检查中国外运的过去收益轨迹是值得的(下面)。当然,还需要考虑其他因素。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240802/0-d37aff0db9e5fe8e1b08441601b07ad8-1-8a22ffe96418dfb2ef51cd1ffd350c7c.png/big)
Hedge funds don't have many shares in Sinotrans. Our data shows that China Merchants Group Limited is the largest shareholder with 59% of shares outstanding. This implies that they have majority interest control of the future of the company. For context, the second largest shareholder holds about 4.2% of the shares outstanding, followed by an ownership of 2.4% by the third-largest shareholder.
对于中国外运,对冲基金持有的股份不多。我们的数据显示,招商局集团有限公司是最大的股东,持有59%的流通股份。这意味着他们对公司的未来具有控制权。在这种情况下,第二大股东持有约4.2%的流通股份,第三大股东持有2.4%的股份。
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.
研究机构所有权是衡量和过滤股票预期表现的好方法。通过研究分析师的情绪也可以实现同样的目的。由于有相当数量的分析师涵盖这支股票,因此了解他们对未来的整体看法可能会有所帮助。
Insider Ownership Of Sinotrans
中国外运的内部股权
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.
在不同国家,内部人员的定义可能会略有不同,但董事会成员始终是内部人员。管理层最终向董事会负责。然而,如果管理人员是创始人或CEO,那么成为执行董事会成员也是很常见的。
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.
我通常认为内部人士持股是一件好事。但是,在某些情况下,它会使其他股东更难以对董事会的决定进行问责。
Our most recent data indicates that insiders own less than 1% of Sinotrans Limited. However, it's possible that insiders might have an indirect interest through a more complex structure. Keep in mind that it's a big company, and the insiders own HK$133m worth of shares. The absolute value might be more important than the proportional share. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.
我们最近的数据表明,内部人员持有中国外运股份有限公司不到1%的股份。但是,通过更复杂的结构,内部人员可能拥有间接利益。请记住,它是一家大公司,内部人员持有价值1,3300万元的股份。绝对值可能比比例份额更重要。可以点击这里查看内部人员是否一直在买卖。
General Public Ownership
一般大众所有权
The general public, who are usually individual investors, hold a 22% stake in Sinotrans. 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.
通常为个体投资者的普通公众持有中国外运的22%的股份。尽管持股规模很大,但如果决策与其他大股东不一致,这可能不足以改变公司政策。
Private Company Ownership
私有公司的所有权
We can see that Private Companies own 59%, of the shares on issue. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
我们可以看到私有公司拥有发行股份的59%。这或许值得深入研究。如有关方,例如内部人员,在其中一个私有公司中拥有利益,应在年度报告中披露。私有公司也可能对公司有战略利益。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand Sinotrans better, we need to consider many other factors. For instance, we've identified 1 warning sign for Sinotrans that you should be aware of.
在考虑公司的不同股权群体时是值得的。但要更好地了解中国外运,我们需要考虑许多其他因素。例如,我们发现了中国外运的1个警示标志,您应该知道。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果您希望了解分析师在未来增长方面的预测,请务必不要错过这份免费报告。
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:本文中的数据是使用最后一个财务报表日期结束的为期12个月的数据计算的。这可能与全年年度报告数据不一致。
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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。