Individual Investors Are SATS Ltd.'s (SGX:S58) Biggest Owners and Were Hit After Market Cap Dropped S$179m
Individual Investors Are SATS Ltd.'s (SGX:S58) Biggest Owners and Were Hit After Market Cap Dropped S$179m
Key Insights
关键见解
- The considerable ownership by individual investors in SATS indicates that they collectively have a greater say in management and business strategy
- 49% of the business is held by the top 25 shareholders
- Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
- 个人投资者对SATS的大量所有权表明,他们在管理和业务战略方面集体拥有更大的发言权
- 49% 的业务由前 25 名股东持有
- 分析师的预测以及所有权数据可以使人们对企业前景有深刻的了解
To get a sense of who is truly in control of SATS Ltd. (SGX:S58), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 50% to be precise, is individual investors. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
要了解谁真正控制了SATS Ltd.(新加坡证券交易所股票代码:S58),了解业务的所有权结构非常重要。持有公司股份最多的集团是个人投资者,准确地说约为50%。换句话说,该集团将从对公司的投资中获得最多(或损失最大)。
And following last week's 4.7% decline in share price, individual investors suffered the most losses.
继上周股价下跌4.7%之后,个人投资者遭受的损失最大。
Let's take a closer look to see what the different types of shareholders can tell us about SATS.
让我们仔细看看不同类型的股东能告诉我们关于SATS的什么。
![ownership-breakdown](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240422/0-1d005f8aa4239f87500aec9f21ca7b16-0-9dc80d10306b11c2c44765ce272507db.png/big)
What Does The Institutional Ownership Tell Us About SATS?
关于SATS,机构所有权告诉我们什么?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
许多机构根据近似于当地市场的指数来衡量自己的表现。因此,他们通常会更多地关注主要指数中包含的公司。
As you can see, institutional investors have a fair amount of stake in SATS. 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. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see SATS' historic earnings and revenue below, but keep in mind there's always more to the story.
如您所见,机构投资者在SATS中拥有相当数量的股份。这意味着在这些机构工作的分析师已经看过这只股票,他们很喜欢。但是就像其他人一样,他们可能错了。当多家机构拥有一只股票时,总是存在处于 “拥挤交易” 的风险。当这样的交易出错时,多方可能会竞相快速出售股票。对于没有增长历史的公司,这种风险更高。你可以在下面看到SATS的历史收益和收入,但请记住,故事中总是有更多内容。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240422/0-1d005f8aa4239f87500aec9f21ca7b16-1-51b59946b5b65719fd3ddf2d12d9b737.png/big)
Hedge funds don't have many shares in SATS. The company's largest shareholder is Temasek Holdings (Private) Limited, with ownership of 40%. BlackRock, Inc. is the second largest shareholder owning 2.2% of common stock, and The Vanguard Group, Inc. holds about 2.1% of the company stock.
对冲基金在SATS的股票不多。该公司的最大股东是淡马锡控股(私人)有限公司,所有权为40%。贝莱德公司是第二大股东,拥有2.2%的普通股,Vanguard Group, Inc.持有该公司约2.1%的股份。
A deeper look at our ownership data shows that the top 25 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority.
深入研究我们的所有权数据表明,前25名股东总共持有不到登记册的一半,这表明一大批小股东没有单一股东占多数。
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筛选股票预期表现的好方法。通过研究分析师的情绪也可以达到同样的目的。有相当数量的分析师在报道该股,因此了解他们对未来的总体看法可能很有用。
Insider Ownership Of SATS
SATS 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.
不同国家对内部人员的定义可能略有不同,但董事会成员总是计算在内。公司管理层经营业务,但首席执行官将向董事会负责,即使他或她是董事会成员。
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.
当内部所有权表明领导层像公司的真正所有者一样思考时,内部所有权是积极的。但是,高度的内部所有权也可以赋予公司内部的一小部分人巨大的权力。在某些情况下,这可能是负面的。
Our information suggests that SATS Ltd. insiders own under 1% of the company. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own S$17m 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.
我们的信息表明,SATS Ltd.内部人士拥有该公司不到1%的股份。这是一家大公司,因此即使是很小的比例权益也可以在董事会和股东之间建立一致。在本案中,内部人士拥有价值1700万新元的股票。可以说,最近的买入和卖出同样值得考虑。您可以点击此处查看内部人士是否在买入或卖出。
General Public Ownership
一般公有制
With a 50% ownership, the general public, mostly comprising of individual investors, have some degree of sway over SATS. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
由于拥有50%的所有权,主要由个人投资者组成的公众对SATS有一定程度的影响力。尽管这个群体不一定能做主,但它肯定会对公司的运作方式产生真正的影响。
Private Equity Ownership
私募股权所有权
With a stake of 40%, private equity firms could influence the SATS board. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public.
私募股权公司持有40%的股份,可能会影响SATS董事会。有些人可能会喜欢这样,因为私募股权有时是追究管理层责任的激进分子。但是其他时候,私募股权在公司上市后正在售罄。
Next Steps:
后续步骤:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. For example, we've discovered 2 warning signs for SATS (1 makes us a bit uncomfortable!) that you should be aware of before investing here.
尽管值得考虑拥有公司的不同群体,但还有其他因素更为重要。例如,我们发现了 2 个 SATS 警告信号(1 个让我们有点不舒服!)在这里投资之前,您应该注意这一点。
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.
但归根结底,决定这家企业所有者的表现的是未来,而不是过去。因此,我们认为最好看一下这份免费报告,该报告显示了分析师是否预测了更光明的未来。
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.
注意:本文中的数字是使用过去十二个月的数据计算得出的,这些数据是指截至财务报表日期当月最后一天的12个月期间。这可能与全年年度报告数据不一致。
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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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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。