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.
事實上，有多個越秀置業有限公司(HKG：123)在過去一年中，內部人士拋售了大量股票，這可能會讓投資者感到驚訝。在分析內幕交易時，通常更有價值的是知道內部人士是否在買入，而不是知道他們是否在賣出，因為後者發出了一個模稜兩可的資訊。然而，如果有幾個內部人士在特定時間段內出售股票，股東們應該更深入地研究一下。
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.
儘管我們不認為股東應該簡單地跟蹤內幕交易，但我們確實認為，密切關注內部人士的所作所為是完全合乎邏輯的。
See our latest analysis for Yuexiu Property
查看我們對越秀地產的最新分析
The Last 12 Months Of Insider Transactions At Yuexiu Property
越秀地產最近12個月的內幕交易
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.
董事獨立非執行董事劉發裕在過去12個月中進行了最大規模的內幕交易。這一單交易是以每股10.42港元的價格購入價值630萬港元的股票。我們通常不喜歡看到內幕銷售，但售價越低，我們就越擔心。一線希望是，此次拋售發生在最新股價(8.51港元)之上。因此，很難從中得出任何強有力的結論。
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!
過去一年，我們看到更多的是越秀地產股票的內幕拋售，而不是買入。下面的圖表顯示了過去一年的內幕交易(按公司和個人)。如果你想知道到底是誰賣了，賣了多少錢，什麼時候賣的，只需點擊下面的圖表！
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一樣，你會的不想懷念這一切嗎？免費內部人士正在收購的成長型公司名單.
Insiders At Yuexiu Property Have Sold Stock Recently
越秀地產內部人士最近拋售了股票
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.
在過去的三個月裡，越秀地產出現了大量的內幕銷售。具體地說，執行董事長林兆元在那段時間拋售了價值520萬港元的股票，我們沒有記錄任何買入。有鑒於此，很難辯稱所有內部人士都認為這些股票很划算。
Does Yuexiu Property Boast High Insider Ownership?
越秀地產內部人持股比例高嗎？
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!
另一種測試公司領導人與其他股東之間一致性的方法是看他們擁有多少股份。我認為，如果內部人士持有該公司大量股份，這是一個好兆頭。我們的數據顯示，越秀地產內部人士持有價值約5000萬港元的股份(佔公司股份的0.1%)。然而，內部人士可能會通過更復雜的結構擁有間接利益。總體而言，這種所有權水準並不令人印象深刻，但肯定比什麼都沒有好！
So What Do The Yuexiu Property Insider Transactions Indicate?
那麼越秀地產內幕交易意味著什麼呢？
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...
一位內部人士最近賣出了股票，但他們一直沒有買入。縮小來看，較長期的圖景並不會給我們帶來太多安慰。但由於越秀地產盈利並在增長，我們並不太擔心這一點。內部人持股比例並不是特別高，因此這一分析讓我們對該公司持謹慎態度。我們並不急於購買！除了瞭解正在進行的內幕交易外，識別越秀地產面臨的風險也是有益的。請注意，越秀地產正在展示我們的投資分析中的4個警告信號其中有一條是不容忽視的。
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.
但請注意：越秀地產可能不是最值得購買的股票。所以讓我們來看看這個免費高淨資產收益率和低負債的有趣公司名單。
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，內部人是指向相關監管機構報告其交易的個人。我們目前只處理公開市場交易和私下處置直接權益，而不處理衍生工具交易或間接權益。
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.
對這篇文章有什麼反饋嗎？擔心內容嗎？ 保持聯繫直接與我們聯繫.或者，也可以給編輯組發電子郵件，地址是暗示Wallst.com。
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.