To get a sense of who is truly in control of S E A Holdings Limited (HKG:251), it is important to understand the ownership structure of the business. We can see that private companies own the lion's share in the company with 56% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
As a result, private companies as a group endured the highest losses last week after market cap fell by HK$536m.
Let's take a closer look to see what the different types of shareholders can tell us about S E A Holdings.
Check out our latest analysis for S E A Holdings
SEHK:251 Ownership Breakdown October 18th 2022
What Does The Lack Of Institutional Ownership Tell Us About S E A Holdings?
Institutional investors often avoid companies that are too small, too illiquid or too risky for their tastes. But it's unusual to see larger companies without any institutional investors.
There are multiple explanations for why institutions don't own a stock. The most common is that the company is too small relative to funds under management, so the institution does not bother to look closely at the company. Alternatively, there might be something about the company that has kept institutional investors away. S E A Holdings might not have the sort of past performance institutions are looking for, or perhaps they simply have not studied the business closely.
SEHK:251 Earnings and Revenue Growth October 18th 2022
Hedge funds don't have many shares in S E A Holdings. Looking at our data, we can see that the largest shareholder is JCS Limited with 56% of shares outstanding. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. With 18% and 1.0% of the shares outstanding respectively, Wing Chi Lu and Dimensional Fund Advisors LP are the second and third largest shareholders. Wing Chi Lu, who is the second-largest shareholder, also happens to hold the title of Top Key Executive.
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. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.
Insider Ownership Of S E A Holdings
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. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
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 S E A Holdings Limited. Insiders own HK$391m worth of shares in the HK$2.1b company. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling.
General Public Ownership
The general public, who are usually individual investors, hold a 24% stake in S E A Holdings. 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
We can see that Private Companies own 56%, of the shares on issue. 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.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for S E A Holdings you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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.
要弄清誰真正控制了東南亞控股有限公司(HKG:251),瞭解該企業的所有權結構是很重要的。我們可以看到,私營公司以56%的所有權擁有該公司的最大份額。換句話説,該集團將從他們對公司的投資中獲得最大(或損失最大)。
其結果是,在市值縮水5.36億港元后,民營企業作為一個整體上週遭受的損失最大。
讓我們仔細看看不同類型的股東能告訴我們關於S E A Holdings的什麼。
查看我們對S E A Holdings的最新分析
聯交所:251擁有權分類2022年10月18日
機構所有權的缺失告訴了我們關於S E A Holdings的什麼信息?
機構投資者往往會避開那些規模太小、流動性太差或風險太高的公司,這些公司對他們的口味來説太小了。但在沒有任何機構投資者的情況下,看到較大的公司並不常見。
對於機構為何不持有股票,有多種解釋。最常見的是,相對於管理下的資金,該公司規模太小,因此該機構不會費心密切關注該公司。或者,該公司可能有某些方面讓機構投資者望而卻步。S E A Holdings可能沒有機構所尋找的那種過去的業績,或者他們只是沒有仔細研究過這項業務。
聯交所:251盈利及收入增長2022年10月18日
對衝基金在S E A Holdings的股份並不多。看看我們的數據,我們可以看到,最大的股東是JCS Limited,持有56%的流通股。這本質上意味着他們對公司的未來有廣泛的影響,如果不是完全控制的話。永智Lu和Dimension Fund Advisors LP分別持有已發行股份的18%和1.0%,是第二和第三大股東。作為第二大股東的永智Lu也恰好持有頂級高管的頭銜。
雖然研究一家公司的機構所有權數據是有意義的,但研究分析師的情緒以瞭解風向也是有意義的。據我們所知,沒有分析師對該公司的報道,所以它很可能在雷達下飛行。
S E A Holdings的內部人所有權
公司內部人的定義可能是主觀的,而且在不同的司法管轄區之間確實有所不同。我們的數據反映了個別內部人士,至少捕捉到了董事會成員。管理層最終要向董事會負責。然而,經理人擔任執行董事會成員並不少見,尤其是如果他們是創始人或首席執行官的話。
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S E A Holdings Limited的大量股份。內部人士持有這家市值21億港元的公司價值3.91億港元的股票。這可能表明,創始人仍持有大量股份。您可以單擊此處查看他們是在買入還是在賣出。
一般公有制
公眾通常是個人投資者,他們持有S E A Holdings 24%的股份。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。
私營公司所有權
我們可以看到,私營公司擁有56%的已發行股份。僅從這一事實很難得出任何結論,因此值得調查一下誰擁有這些私營公司。有時,內部人士或其他關聯方通過一家獨立的私人公司擁有上市公司的股份。
接下來的步驟:
雖然考慮擁有一家公司的不同集團是很值得的,但還有其他更重要的因素。例如,考慮一下風險。每家公司都有它們,我們已經發現S E A Holdings的1個警告標誌你應該知道。
當然了,如果你把目光投向別處,你可能會發現這是一筆很棒的投資。所以讓我們來看看這個免費有趣的公司名單。
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。