New World Development Company Limited's (HKG:17) Market Cap Touched HK$19b Last Week, Benefiting Both Private Companies Who Own 45% as Well as Institutions
New World Development Company Limited's (HKG:17) Market Cap Touched HK$19b Last Week, Benefiting Both Private Companies Who Own 45% as Well as Institutions
Key Insights
主要见解
- New World Development's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- 60% of the business is held by the top 2 shareholders
- Institutions own 28% of New World Development
- 新世界发展的重要私人公司所有权表明,关键决策受到较大公众股东的影响。
- 前2大股东持有业务的60%。
- 机构拥有新世界发展28%的股权。
Every investor in New World Development Company Limited (HKG:17) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are private companies with 45% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
新世界发展有限公司(HKG:17)的每位投资者都应该了解最强大的股东团体。而持有最大股份的是私人公司,占有45%的股权。换句话说,该团体将从其对公司的投资中获得最多的利益(或者承担最大的风险)。
Private companies gained the most after market cap touched HK$19b last week, while institutions who own 28% also benefitted.
上周市值达到19亿港元后,私人公司获益最多,而拥有28%股份的机构也获益。
Let's delve deeper into each type of owner of New World Development, beginning with the chart below.
让我们深入研究新世界发展的每个所有者类型,先从下面的图表开始。
![1724975659148](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240830/43090639-0-97a8a8b1a17e7461f34ec77c19336f40.webp/bigjpg)
What Does The Institutional Ownership Tell Us About New World Development?
机构所有权对新世界发展的影响有哪些信息呢?
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。
New World Development already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at New World Development's earnings history below. Of course, the future is what really matters.
新世界发展已经有机构持股。事实上,他们在公司中拥有可观的股份。这意味着为这些机构工作的分析师已经研究了这支股票,并且他们喜欢它。但与其他人一样,他们可能也会犯错。如果多个机构同时改变对一支股票的看法,您可能会看到股价迅速下跌。因此,查看新世界发展的历史收益情况是值得的。当然,未来才是真正重要的。
![1724975661782](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240830/43090639-1-3d12974af8cd7f3fa352ae90a4f58929.webp/bigjpg)
New World Development is not owned by hedge funds. Chow Tai Fook Capital Limited is currently the largest shareholder, with 45% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 14% and 5.9%, of the shares outstanding, respectively.
新世界发展不是由对冲基金所拥有的。周大福资本有限公司是当前最大的股东,持有45%的流通股份。同时,第二、第三大股东分别持有14%和5.9%的流通股份。
After doing some more digging, we found that the top 2 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
经过进一步挖掘,我们发现前两个股东共同控制了公司50%以上的股份,说明他们有相当大的影响力来影响公司的决策。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
尽管研究公司机构所有权数据是有意义的,但了解分析师的情绪也很有意义,以了解市场的走向。因为有很多分析师正在跟踪这个股票,所以看看他们的预测可能是值得的。
Insider Ownership Of New World Development
新世界发展的内部所有权
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.
内部人员的定义在不同国家可能会稍有不同,但董事会成员始终算入其中。公司管理负责经营业务,但即使首席执行官是董事会成员,他或她也必须对董事会负责。
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.
当内部人持股情况表明领导层思考和公司真正所有者一样时,内部所有权是积极的。然而,高达内部人士所有权也可能为公司内的小团体带来巨大的权力。在某些情况下,这可能是负面的。
Our most recent data indicates that insiders own less than 1% of New World Development Company Limited. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own HK$70m worth of shares. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.
我们最近的数据显示,内部持有新世界发展有限公司不到1%的股份。但我们注意到,内部人员可能通过私人公司或其他公司结构间接持有利益。这是一家大公司,因此即使是一小部分利益也可能在董事会和股东之间创造一致。在这种情况下,内部持有价值7000万港元的股份。看到至少有一些内部持有始终是件好事,但也值得注意这些内部人员是否一直在抛售。
General Public Ownership
一般大众所有权
The general public, who are usually individual investors, hold a 27% stake in New World Development. 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.
一般公众,通常是个人投资者,在新世界发展持有27%的股份。尽管这种持股比例相当可观,但如果决策与其他大股东不一致,可能不足以改变公司政策。
Private Company Ownership
私有公司的所有权
Our data indicates that Private Companies hold 45%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
我们的数据表明,私营企业持有该公司的45%股份。 仅凭这一事实很难得出结论,因此值得考虑拥有这些私营企业的人。 有时,内部人员或其他相关方通过单独的私营企业在公开公司中拥有股份。
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. For example, we've discovered 3 warning signs for New World Development (2 are a bit concerning!) that you should be aware of before investing here.
我发现了查看公司股权的确很有趣。但是为了真正获得洞察力,我们还需要考虑其他信息。例如,我们发现了新世界发展的3个警告信号(其中2个有点令人担忧!)在你在这里进行投资之前,你应该了解。
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.
如果您像我一样,可能希望考虑这家公司是否会增长或缩小。幸运的是,您可以查看此免费报告,显示分析师对其未来的预测。
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。
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