China Tower Corporation Limited (HKG:788) Stock Most Popular Amongst Private Companies Who Own 48%, While Public Companies Hold 21%
China Tower Corporation Limited (HKG:788) Stock Most Popular Amongst Private Companies Who Own 48%, While Public Companies Hold 21%
Key Insights
主要見解
- China Tower's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- The top 3 shareholders own 69% of the company
- 12% of China Tower is held by Institutions
- 中國鐵塔的重要私人公司所有權表明,主要決策受到更大的公衆股東的影響
- 前3大股東擁有公司的69%
- 中國鐵塔的12%由機構持有
If you want to know who really controls China Tower Corporation Limited (HKG:788), 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 48% to be precise, is private companies. Put another way, the group faces the maximum upside potential (or downside risk).
如果你想了解中國鐵塔有限公司(HKG:788)真正的控制者,那麼你需要看看它的股份登記簿構成。在該公司中持有最多股份的公司集團,確切地說,約爲48%,是私人公司。換句話說,該集團面臨着最大的上行潛力(或下行風險)。
Meanwhile, public companies make up 21% of the company's shareholders.
同時,公共公司佔公司股東的21%。
Let's take a closer look to see what the different types of shareholders can tell us about China Tower.
讓我們更仔細地看看不同類型的股東對中國鐵塔的告訴我們些什麼。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240803/0-0134b6fecaa1198cb966b47850a16246-0-463c47ae685648f1edfc2a7ef817e65f.png/big)
What Does The Institutional Ownership Tell Us About China Tower?
機構所有權告訴我們有關中國鐵塔的什麼?
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.
機構通常在向自己的投資者報告時會針對一個基準進行衡量,因此一旦某隻股票被納入主要指數,他們通常會更加熱衷於該股票。我們預計大多數公司都會有一些機構在登記簿上,尤其是那些正在增長的公司。
As you can see, institutional investors have a fair amount of stake in China Tower. 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 Tower, (below). Of course, keep in mind that there are other factors to consider, too.
正如您所看到的,機構投資者在中國鐵塔公司中有相當多的股份。這表明專業投資者之間存在一定的信任。但我們不能僅僅依靠這個事實,因爲機構有時會進行失敗的投資,就像每個人一樣。如果兩個大型機構投資者同時試圖出售股票,很容易看到股價大幅下跌的情況。因此,值得檢查中國鐵塔的過去盈利軌跡(如下所示)。當然,還要考慮其他因素。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240803/0-0134b6fecaa1198cb966b47850a16246-1-2d26cffdc0bbf01c9f3e9d6767afd45f.png/big)
Hedge funds don't have many shares in China Tower. China Mobile Communications Group Co., Ltd. is currently the company's largest shareholder with 28% of shares outstanding. The second and third largest shareholders are China United Network Communications Limited and China Telecom Group Co., Ltd., with an equal amount of shares to their name at 21%.
對於中國鐵塔,對沖基金的持股不多。中國移動通信集團有限公司是目前公司的最大股東,擁有28%的流通股。第二和第三大股東是中國聯合網絡通信有限公司和中國電信集團有限公司,都持有相等的股份,佔股21%。
To make our study more interesting, we found that the top 3 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.
總的來說,包括散戶投資者在內,公衆擁有公司的14%的股份,因此不能輕易忽視。儘管這種所有權的規模可能不足以在他們的利益方面影響政策決策,但他們仍然可以對公司政策產生集體影響。
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 plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
研究機構所有權是衡量和過濾股票預期性能的好方法。通過研究分析師的情緒,也可以實現同樣的效果。很多分析師都在關注該股票,看看他們的預測值得不值得。
Insider Ownership Of China Tower
中國鐵塔的內部股東
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.
公司內部人員的定義可能是主觀的,並且在不同的司法管轄區之間是不同的。我們的數據反映了個別內部人員,至少捕捉到了董事會成員。公司管理業務,但首席執行官即使是董事會成員也必須向董事會負責。
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。
We note our data does not show any board members holding shares, personally. We do not see this low level of ownership often, and it is possible our data is imperfect. But shareholders can click here to check if insiders have been selling stock.
我們注意到,我們的數據沒有顯示任何董事會成員持有股份。我們很少見到這種低股權比例,但我們的數據可能不完全準確。但股東們可以點擊這裏查看是否有內部人員出售股票。
General Public Ownership
一般大衆所有權
The general public-- including retail investors -- own 19% 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.
一般公衆(包括零售投資者)持有該公司19%的股份,因此不能輕易忽略。儘管這樣的持股規模相當可觀,但如果決策不與其他大股東一致,可能不足以改變公司政策。
Private Company Ownership
私有公司的所有權
We can see that Private Companies own 48%, 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.
我們可以看到,私人公司持有發行股份的48%。如果關聯方,如內部人員,在其中一傢俬人公司中有參與,那應該在年度報告中披露。私人公司也可能對該公司有戰略利益。
Public Company Ownership
上市公司所有權
Public companies currently own 21% of China Tower stock. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
公共公司目前擁有中國鐵塔股票的21%。很難確定,但這表明他們有糾纏在一起的商業利益。這可能是一種戰略性的持股,因此值得留意所有權的變化。
Next Steps:
下一步:
It's always worth thinking about the different groups who own shares in a company. But to understand China Tower better, we need to consider many other factors. For instance, we've identified 1 warning sign for China Tower that you should be aware of.
總是值得考慮擁有公司股份的不同團體。但是,要更好地了解中國鐵塔,我們需要考慮許多其他因素。例如,我們已經爲中國鐵塔確定了一個警告信號,您應該意識到這一點。
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.
但最終,決定該業務所有者將獲得多大利益的是未來而非過去。因此,我們認爲最好查看此免費報告,以了解分析師是否預測更光明的未來。
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。