A look at the shareholders of Zhuzhou CRRC Times Electric Co., Ltd. (HKG:3898) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are private companies with 49% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
While institutions who own 27% came under pressure after market cap dropped to HK$72b last week,private companies took the most losses.
Let's delve deeper into each type of owner of Zhuzhou CRRC Times Electric, beginning with the chart below.
See our latest analysis for Zhuzhou CRRC Times Electric
SEHK:3898 Ownership Breakdown September 21st 2022
What Does The Institutional Ownership Tell Us About Zhuzhou CRRC Times Electric?
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.
We can see that Zhuzhou CRRC Times Electric does have institutional investors; and they hold a good portion of the company's stock. 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 Zhuzhou CRRC Times Electric, (below). Of course, keep in mind that there are other factors to consider, too.
SEHK:3898 Earnings and Revenue Growth September 21st 2022
Hedge funds don't have many shares in Zhuzhou CRRC Times Electric. CRRC Group is currently the company's largest shareholder with 45% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 3.3% and 2.3%, of the shares outstanding, respectively.
After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
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 a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of Zhuzhou CRRC Times Electric
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.
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.
Our information suggests that Zhuzhou CRRC Times Electric Co., Ltd. insiders own under 1% of the company. But they may have an indirect interest through a corporate structure that we haven't picked up on. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own HK$54k worth of shares. Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.
General Public Ownership
The general public, who are usually individual investors, hold a 23% stake in Zhuzhou CRRC Times Electric. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Private Company Ownership
Our data indicates that Private Companies hold 49%, 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.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 2 warning signs for Zhuzhou CRRC Times Electric you should be aware of.
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.
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.
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.
看看中车时代电气股份有限公司(HKG:3898)的股东就知道哪个集团最有权势。而持有这块蛋糕最大份额的是拥有49%股权的私营公司。也就是说,如果股价上涨,该集团将受益最大(如果股价下跌,该集团将损失最大)。
虽然在上周市值跌至720亿港元后,持有27%股份的机构面临压力,但私营公司损失最大。
让我们从下面的图表开始,更深入地研究中车时代电气的每一种类型的所有者。
参见我们对中车时代电气的最新分析
联交所:3898所有权分类2022年9月21日
关于中车时代电气,机构所有制告诉了我们什么?
机构通常在向自己的投资者报告时,以基准来衡量自己,因此一旦一只股票被纳入主要指数,它们往往会对这只股票变得更加热情。我们预计,大多数公司都会有一些机构登记在册,特别是在它们正在增长的情况下。
我们可以看到,中车时代电气确实有机构投资者,他们持有公司很大一部分股票。这可以表明该公司在投资界具有一定的公信力。然而,最好警惕依赖机构投资者带来的所谓验证。他们也一样,有时也会犯错。如果两个大型机构投资者试图同时抛售一只股票,股价大幅下跌的情况并不少见。因此,值得查看中车时代电气过去的收入轨迹(见下图)。当然,请记住,还有其他因素需要考虑。
联交所:3898盈利及收入增长2022年9月21日
对冲基金对中车时代电气的持股并不多。中国中车集团目前是该公司的最大股东,持有45%的流通股。与此同时,第二大和第三大股东分别持有3.3%和2.3%的流通股。
经过进一步挖掘,我们发现,前3名股东合计控制了公司一半以上的股份,这意味着他们拥有相当大的权力来影响公司的决策。
虽然研究一家公司的机构所有权数据是有意义的,但研究分析师的情绪以了解风向也是有意义的。有相当数量的分析师追踪该股,因此了解他们对未来的总体看法可能是有用的。
中车时代电气的内部人所有权
公司内部人的定义可能是主观的,而且在不同的司法管辖区之间确实有所不同。我们的数据反映了个别内部人士,至少捕捉到了董事会成员。公司管理层管理企业,但首席执行官将向董事会负责,即使他或她是董事会成员。
内部人持股是积极的,当它标志着领导层像公司的真正所有者一样思考时。然而,高内部人持股也可以给公司内部的一个小团体带来巨大的权力。在某些情况下,这可能是负面的。
我们的信息显示,中车时代电气股份有限公司内部人士持有该公司不到1%的股份。但他们可能通过一种我们没有注意到的公司结构拥有间接利益。由于它是一家大公司,我们预计内部人士只会持有它一小部分股份。但值得注意的是,他们持有价值54K港元的股票。可以说,最近的买入和卖出也同样重要。你可以点击这里,看看内部人士是在买入还是卖出。
一般公有制
通常为个人投资者的普通公众持有中车时代电气23%的股份。尽管这种规模的所有权可能不足以影响有利于他们的政策决定,但他们仍然可以对公司政策产生集体影响。
私营公司所有权
我们的数据显示,私营公司持有该公司49%的股份。私营公司可能是关联方。有时,内部人士通过持有一家私人公司来对上市公司感兴趣,而不是以个人身份。虽然很难得出任何大致的中风结论,但值得注意的是,这是一个值得进一步研究的领域。
接下来的步骤:
虽然考虑拥有一家公司的不同集团是很值得的,但还有其他更重要的因素。一个恰当的例子:我们发现了中车时代电气的2个警示标志你应该意识到。
如果你像我一样,你可能会想一想这家公司是会增长还是会萎缩。幸运的是,您可以查看这份显示分析师对其未来预测的免费报告。
注:本文中的数字是使用过去12个月的数据计算的,指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。