PCCW Limited (HKG:8) Stock Most Popular Amongst Individual Investors Who Own 42%, While Public Companies Hold 41%
PCCW Limited (HKG:8) Stock Most Popular Amongst Individual Investors Who Own 42%, While Public Companies Hold 41%
Every investor in PCCW Limited (HKG:8) should be aware of the most powerful shareholder groups. We can see that individual investors own the lion's share in the company with 42% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
电讯盈科有限公司(HKG：8)的每一位投资者都应该知道最强大的股东群体。我们可以看到，个人投资者拥有公司最大的股份，拥有42%的股份。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)。
And public companies on the other hand have a 41% ownership in the company.
另一方面，上市公司拥有该公司41%的股份。
Let's take a closer look to see what the different types of shareholders can tell us about PCCW.
让我们仔细看看不同类型的股东能告诉我们关于电讯盈科的信息。
View our latest analysis for PCCW
查看我们对电讯盈科的最新分析
What Does The Institutional Ownership Tell Us About PCCW?
关于电讯盈科，机构持股告诉了我们什么？
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
机构投资者通常将自己的回报与经常跟踪的指数的回报进行比较。因此，他们通常确实会考虑收购被纳入相关基准指数的较大公司。
PCCW 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. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at PCCW's earnings history below. Of course, the future is what really matters.
电讯盈科已经在股票登记处登记了机构。事实上，他们在该公司拥有可观的股份。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。如果多家机构同时改变对一只股票的看法，你可能会看到股价迅速下跌。因此，值得一看的是电讯盈科的盈利历史。当然，未来才是真正重要的。
Hedge funds don't have many shares in PCCW. Looking at our data, we can see that the largest shareholder is Pacific Century Regional Developments Limited with 23% of shares outstanding. With 18% and 6.0% of the shares outstanding respectively, China United Network Communications Limited and Tzar Kai Li are the second and third largest shareholders. Tzar Kai Li, who is the third-largest shareholder, also happens to hold the title of Chairman of the Board.
对冲基金在电讯盈科持有的股份并不多。从我们的数据可以看到，最大的股东是盈科区域发展有限公司，持有23%的流通股。中国联合网络通信有限公司和沙皇Li分别持有已发行股份的18%和6.0%，为第二大股东和第三大股东。作为第三大股东的沙皇Li也恰好持有董事长头衔。
On looking further, we found that 52% of the shares are owned by the top 5 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.
进一步观察，我们发现前五大股东持有52%的股份。换句话说，这些股东在公司的决策中拥有有意义的发言权。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
虽然研究一家公司的机构持股可以增加你的研究价值，但研究分析师的建议以更深入地了解一只股票的预期表现也是一个很好的做法。相当多的分析师追踪这只股票，所以你可以很容易地研究预测增长。
Insider Ownership Of PCCW
电讯盈科的内部人士所有权
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.
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。管理层最终要向董事会负责。然而，经理人担任执行董事会成员并不少见，尤其是如果他们是创始人或首席执行官的话。
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
我通常认为内部人持股是一件好事。然而，在某些情况下，这会让其他股东更难让董事会对决策负责。
We can see that insiders own shares in PCCW Limited. This is a big company, so it is good to see this level of alignment. Insiders own HK$1.8b worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently.
我们可以看到，内部人士持有电讯盈科有限公司的股份。这是一家大公司，所以看到这种程度的结盟是件好事。内部人士持有价值18亿港元的股票(按当前价格计算)。看到内部人士的投资达到这样的水平是件好事。你可以在这里查看这些内部人士最近是否一直在买入。
General Public Ownership
一般公有制
The general public-- including retail investors -- own 42% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
包括散户投资者在内的普通公众持有该公司42%的股份，因此不能轻易忽视。这种规模的所有权虽然可观，但如果决策与其他大股东不同步，可能不足以改变公司政策。
Public Company Ownership
上市公司所有权
It appears to us that public companies own 41% of PCCW. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
在我们看来，上市公司持有电讯盈科41%的股份。很难说肯定，但这表明他们的商业利益交织在一起。这可能是一个战略利害关系，因此值得关注这一所有权变化的空间。
Next Steps:
接下来的步骤：
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 PCCW that you should be aware of before investing here.
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。例如，我们发现电讯盈科的2个警告标志在这里投资之前你应该意识到这一点。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你更愿意了解分析师对未来增长的预测，请不要错过这一预期免费关于分析师预测的报告。
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：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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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。