While Institutions Own 25% of Singapore Exchange Limited (SGX:S68), Individual Investors Are Its Largest Shareholders With 51% Ownership
While Institutions Own 25% of Singapore Exchange Limited (SGX:S68), Individual Investors Are Its Largest Shareholders With 51% Ownership
Every investor in Singapore Exchange Limited (SGX:S68) should be aware of the most powerful shareholder groups. With 51% stake, individual investors possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Institutions, on the other hand, account for 25% of the company's stockholders. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies.
In the chart below, we zoom in on the different ownership groups of Singapore Exchange.
Check out our latest analysis for Singapore Exchange
SGX:S68 Ownership Breakdown December 7th 2022What Does The Institutional Ownership Tell Us About Singapore Exchange?
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.
Singapore Exchange already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. 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 Singapore Exchange's historic earnings and revenue below, but keep in mind there's always more to the story.
SGX:S68 Earnings and Revenue Growth December 7th 2022Hedge funds don't have many shares in Singapore Exchange. Temasek Holdings (Private) Limited is currently the largest shareholder, with 23% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 2.8% of common stock, and Fidelity International Ltd holds about 2.8% of the company stock.
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.
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. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of Singapore Exchange
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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.
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.
Our most recent data indicates that insiders own less than 1% of Singapore Exchange Limited. Keep in mind that it's a big company, and the insiders own S$45m worth of shares. The absolute value might be more important than the proportional share. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
General Public Ownership
The general public, who are usually individual investors, hold a substantial 51% stake in Singapore Exchange, suggesting it is a fairly popular stock. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.
Private Equity Ownership
With a stake of 23%, private equity firms could influence the Singapore Exchange board. Some investors might be encouraged by this, since private equity are sometimes able to encourage strategies that help the market see the value in the company. Alternatively, those holders might be exiting the investment after taking it public.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Singapore Exchange better, we need to consider many other factors.
Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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.
新加坡交易所有限公司(SGX: S68)的每位投资者都应该了解最强大的股东群体。个人投资者持有51%的股份,拥有公司的最大股份。也就是说,如果股票上涨,该集团将受益最大(如果股价下跌,则损失最大)。
另一方面,机构占公司股东的25%。机构通常拥有更成熟公司的股份,而内部人士拥有相当多的小型公司的情况并不少见。
在下图中,我们放大了新加坡交易所的不同所有权群体。
查看我们对新加坡交易所的最新分析
新加坡证券交易所:S68 所有权明细 2022 年 12 月 7 日关于新加坡交易所,机构所有权告诉我们什么?
机构投资者通常将自己的回报与常见指数的回报进行比较。因此,他们通常会考虑收购相关基准指数中包含的大型公司。
新加坡交易所已经在股票登记处设立了机构。事实上,他们在公司拥有可观的股份。这表明专业投资者有一定的可信度。但是我们不能仅仅依靠这个事实,因为机构有时会像每个人一样进行不良投资。当多家机构拥有一只股票时,他们总是存在处于 “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。对于没有成长历史的公司来说,这种风险更高。你可以在下面看到新加坡交易所的历史收益和收入,但请记住,故事总会有更多。
新加坡证券交易所:S68 收益和收入增长 2022 年 12 月 7 日对冲基金在新加坡交易所的股票不多。淡马锡控股(私人)有限公司是目前最大的股东,拥有23%的已发行股份。Vanguard Group, Inc.是第二大股东,拥有2.8%的普通股,富达国际有限公司持有该公司约2.8%的股份。
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。
虽然研究公司的机构所有权数据是有意义的,但研究分析师的情绪以了解风向哪个方向吹来也是有意义的。有不少分析师报道了该股,因此你可以很容易地研究预测的增长。
新加坡交易所的内部所有权
不同国家对内部人士的定义可能略有不同,但董事会成员始终算在内。管理层最终对董事会负责。但是,经理成为执行委员会成员的情况并不少见,尤其是当他们是创始人或首席执行官时。
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。
我们的最新数据表明,内部人士拥有的新加坡交易所有限公司不到1%的股份。请记住,这是一家大公司,内部人士拥有价值4500万新元的股票。绝对值可能比比例份额更重要。很高兴看到董事会成员拥有股票,但可能值得检查一下这些内部人士是否在买入。
一般公有制
公众通常是个人投资者,持有新加坡交易所51%的大量股份,这表明它是一只相当受欢迎的股票。有了这笔所有权,散户投资者可以在影响股东回报的决策中共同发挥作用,例如股息政策和董事任命。他们还可以对可能无法提高盈利能力的收购或合并行使投票权。
私募股权所有权
私募股权公司持有23%的股份,可以影响新加坡交易所董事会。一些投资者可能会因此而受到鼓舞,因为私募股权有时能够鼓励采取帮助市场看到公司价值的策略。或者,这些持有人可能在公开投资后退出投资。
后续步骤:
始终值得考虑拥有公司股份的不同群体。但是为了更好地了解新加坡交易所,我们需要考虑许多其他因素。
许多人觉得它很有用 深入了解一家公司过去的表现。你可以访问这个 详细图表 过去的收益、收入和现金流。
如果你像我一样,你可能需要考虑这家公司是会成长还是会萎缩。幸运的是,您可以查看这份免费报告,其中显示了分析师对其未来的预测。
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。
对这篇文章有反馈吗?担心内容吗? 取得联系 直接和我们在一起。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
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,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。
译文内容由第三方软件翻译。
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