If you want to know who really controls China Water Affairs Group Limited (HKG:855), then you'll have to look at the makeup of its share registry. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Warren Buffett said that he likes "a business with enduring competitive advantages that is run by able and owner-oriented people." So it's nice to see some insider ownership, because it may suggest that management is owner-oriented.
With a market capitalization of HK$11b, China Water Affairs Group is a decent size, so it is probably on the radar of institutional investors. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about China Water Affairs Group.
Check out our latest analysis for China Water Affairs Group
SEHK:855 Ownership Breakdown August 3rd 2022
What Does The Institutional Ownership Tell Us About China Water Affairs Group?
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.
China Water Affairs Group already has institutions on the share registry. Indeed, they own a respectable stake in the company. 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. 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 China Water Affairs Group's historic earnings and revenue below, but keep in mind there's always more to the story.
SEHK:855 Earnings and Revenue Growth August 3rd 2022
Hedge funds don't have many shares in China Water Affairs Group. Our data suggests that Chuan Liang Duan, who is also the company's Top Key Executive, holds the most number of shares at 29%. When an insider holds a sizeable amount of a company's stock, investors consider it as a positive sign because it suggests that insiders are willing to have their wealth tied up in the future of the company. For context, the second largest shareholder holds about 18% of the shares outstanding, followed by an ownership of 3.6% by the third-largest shareholder.
A more detailed study of the shareholder registry showed us that 3 of the top shareholders have a considerable amount of ownership in the company, via their 50% stake.
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.
Insider Ownership Of China Water Affairs Group
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.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our information suggests that insiders maintain a significant holding in China Water Affairs Group Limited. Insiders own HK$3.5b worth of shares in the HK$11b company. That's quite meaningful. Most would be pleased to see the board is investing alongside them. You may wish to access this free chart showing recent trading by insiders.
General Public Ownership
The general public-- including retail investors -- own 32% stake in the company, and hence can't easily be ignored. 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.
Public Company Ownership
Public companies currently own 18% of China Water Affairs Group stock. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.
Next Steps:
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 instance, we've identified 2 warning signs for China Water Affairs Group (1 shouldn't be ignored) that you should be aware of.
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
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.
如果你想知道誰真正控制着中國水業集團事務集團有限公司(HKG:855),那麼你就得看看它的股份登記處的構成。大公司通常有機構作為股東,我們通常會看到內部人士持有小公司的股份。沃倫·巴菲特説,他喜歡“一家由有能力、以所有者為導向的人經營的、具有持久競爭優勢的企業”。因此,看到一些內部人持股是件好事,因為這可能表明管理層是以所有者為導向的。
市值110億港元的中國水業集團事務集團是一個相當大的規模,因此它很可能在機構投資者的雷達上。看看我們關於所有權集團的數據(如下所示),似乎是機構投資者買入了該公司的股票。讓我們仔細看看不同類型的股東能告訴我們關於中國水業集團事務集團的什麼。
查看我們對中國水業集團事務組的最新分析
聯交所:855所有權分類2022年8月3日
關於中國水業集團事務集團,機構所有制告訴了我們什麼?
許多機構以一個接近當地市場的指數來衡量它們的表現。因此,他們通常更關注那些被納入主要指數的公司。
中國水業集團事務集團已有登記在冊的機構。事實上,他們在該公司擁有可觀的股份。這可以表明該公司在投資界具有一定的公信力。然而,最好警惕依賴機構投資者帶來的所謂驗證。他們也一樣,有時也會犯錯。當多家機構持有一隻股票時,它們總是面臨“擁擠交易”的風險。當這樣的交易出錯時,多方可能會競相快速拋售股票。在一家沒有增長曆史的公司,這一風險更高。你可以在下面看到中國水業集團事務集團的歷史收益和收入,但請記住,故事中總是有更多的內容。
聯交所:855盈利及收入增長2022年8月3日
對衝基金在中國水業集團事務集團的股份並不多。我們的數據顯示,川兩段,也是該公司的首席執行官,持有的股份最多,為29%。當一名內部人士持有一家公司相當數量的股票時,投資者認為這是一個積極的跡象,因為這表明內部人士願意將他們的財富與公司的未來掛鈎。作為參考,第二大股東持有約18%的流通股,第三大股東持有3.6%的股份。
對股東登記的更詳細的研究表明,三大股東通過他們50%的股份在公司中擁有相當大的所有權。
研究機構持股是衡量和篩選股票預期表現的好方法。通過研究分析師的情緒,也可以達到同樣的效果。有相當數量的分析師追蹤該股,因此瞭解他們對未來的總體看法可能是有用的。
中國水業集團事務集團的內部人所有權
不同國家對內部人的定義可能略有不同,但董事會成員總是算數的。公司管理層管理企業,但首席執行官將向董事會負責,即使他或她是董事會成員。
大多數人認為內部人持股是積極的,因為它可以表明董事會與其他股東很好地結盟。然而,在某些情況下,太多的權力集中在這個羣體中。
我們的信息顯示,內部人士持有中國水業集團事務集團有限公司的大量股份。內部人士持有這家市值110億港元的公司價值35億港元的股票。這是很有意義的。大多數人會高興地看到董事會與他們一起投資。你可能希望訪問這張顯示內部人士最近交易的免費圖表。
一般公有制
包括散户投資者在內的普通公眾持有該公司32%的股份,因此不能輕易忽視。儘管這種規模的所有權可能不足以影響有利於他們的政策決定,但他們仍然可以對公司政策產生集體影響。
上市公司所有權
上市公司目前持有中國水業集團事務集團18%的股份。我們不能確定,但很有可能這是一個戰略利益攸關方。這些業務可能是相似的,也可能是合作的。
接下來的步驟:
我發現看看到底是誰擁有一家公司是非常有趣的。但為了真正獲得洞察力,我們還需要考慮其他信息。例如,我們已經確定中國水業集團事務組的2個警示標誌(1不應該被忽視),這是你應該知道的。
最終未來是最重要的。您可以訪問此免費分析師對該公司的預測報告。
注:本文中的數字是使用過去12個月的數據計算的,指的是截至財務報表日期的最後一個月的12個月期間。這可能與全年的年度報告數字不一致。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。