Yuexiu Property Insiders Sell CN¥15m Of Stock, Possibly Signalling Caution
Yuexiu Property Insiders Sell CN¥15m Of Stock, Possibly Signalling Caution
The fact that multiple Yuexiu Property Company Limited (HKG:123) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
事实上，有多个越秀置业有限公司(HKG：123)在过去一年中，内部人士抛售了大量股票，这可能会让投资者感到惊讶。在分析内幕交易时，通常更有价值的是知道内部人士是否在买入，而不是知道他们是否在卖出，因为后者发出了一个模棱两可的信息。然而，如果有几个内部人士在特定时间段内出售股票，股东们应该更深入地研究一下。
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
尽管我们不认为股东应该简单地跟踪内幕交易，但我们确实认为，密切关注内部人士的所作所为是完全合乎逻辑的。
See our latest analysis for Yuexiu Property
查看我们对越秀地产的最新分析
The Last 12 Months Of Insider Transactions At Yuexiu Property
越秀地产最近12个月的内幕交易
The Independent Non-Executive Director, Lup Fat Yu, made the biggest insider sale in the last 12 months. That single transaction was for HK$6.3m worth of shares at a price of HK$10.42 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (HK$8.51). So it is hard to draw any strong conclusion from it.
董事独立非执行董事刘发裕在过去12个月中进行了最大规模的内幕交易。这一单交易是以每股10.42港元的价格购入价值630万港元的股票。我们通常不喜欢看到内幕销售，但售价越低，我们就越担心。一线希望是，此次抛售发生在最新股价(8.51港元)之上。因此，很难从中得出任何强有力的结论。
Over the last year we saw more insider selling of Yuexiu Property shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
过去一年，我们看到更多的是越秀地产股票的内幕抛售，而不是买入。下面的图表显示了过去一年的内幕交易(按公司和个人)。如果你想知道到底是谁卖了，卖了多少钱，什么时候卖的，只需点击下面的图表！
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一样，你会的不想怀念这一切吗？免费内部人士正在收购的成长型公司名单。
Insiders At Yuexiu Property Have Sold Stock Recently
越秀地产内部人士最近抛售了股票
The last three months saw significant insider selling at Yuexiu Property. Specifically, Executive Chairman Zhaoyuan Lin ditched HK$5.2m worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain.
在过去的三个月里，越秀地产出现了大量的内幕销售。具体地说，执行董事长林兆元在那段时间抛售了价值520万港元的股票，我们没有记录任何买入。有鉴于此，很难辩称所有内部人士都认为这些股票很划算。
Does Yuexiu Property Boast High Insider Ownership?
越秀地产内部人持股比例高吗？
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Yuexiu Property insiders own about HK$50m worth of shares (which is 0.1% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
另一种测试公司领导人与其他股东之间一致性的方法是看他们拥有多少股份。我认为，如果内部人士持有该公司大量股份，这是一个好兆头。我们的数据显示，越秀地产内部人士持有价值约5000万港元的股份(占公司股份的0.1%)。然而，内部人士可能会通过更复杂的结构拥有间接利益。总体而言，这种所有权水平并不令人印象深刻，但肯定比什么都没有好！
So What Do The Yuexiu Property Insider Transactions Indicate?
那么越秀地产内幕交易意味着什么呢？
An insider sold stock recently, but they haven't been buying. Zooming out, the longer term picture doesn't give us much comfort. But since Yuexiu Property is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Yuexiu Property. Be aware that Yuexiu Property is showing 4 warning signs in our investment analysis, and 1 of those can't be ignored...
一位内部人士最近卖出了股票，但他们一直没有买入。缩小来看，较长期的图景并不会给我们带来太多安慰。但由于越秀地产盈利并在增长，我们并不太担心这一点。内部人持股比例并不是特别高，因此这一分析让我们对该公司持谨慎态度。我们并不急于购买！除了了解正在进行的内幕交易外，识别越秀地产面临的风险也是有益的。请注意，越秀地产正在展示我们的投资分析中的4个警告信号其中有一条是不容忽视的。
But note: Yuexiu Property may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
但请注意：越秀地产可能不是最值得购买的股票。所以让我们来看看这个免费高净资产收益率和低负债的有趣公司名单。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
就本文而言，内部人是指向相关监管机构报告其交易的个人。我们目前只处理公开市场交易和私下处置直接权益，而不处理衍生工具交易或间接权益。
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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.
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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。