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United Overseas Bank Limited's (SGX:U11) Top Owners Are Individual Investors With 40% Stake, While 30% Is Held by Private Companies

United Overseas Bank Limited's (SGX:U11) Top Owners Are Individual Investors With 40% Stake, While 30% Is Held by Private Companies

大華銀行有限公司(新加坡證券交易所股票代碼:U11)的最大所有者是個人投資者,擁有40%的股份,而30%由私人公司持有
Simply Wall St ·  05/22 07:29

Key Insights

關鍵見解

  • The considerable ownership by individual investors in United Overseas Bank indicates that they collectively have a greater say in management and business strategy
  • 50% of the business is held by the top 18 shareholders
  • Insiders have bought recently
  • 個人投資者在聯合海外銀行擁有大量所有權,這表明他們在管理和業務戰略方面集體擁有更大的發言權
  • 50% 的業務由前 18 名股東持有
  • 內部人士最近買了

A look at the shareholders of United Overseas Bank Limited (SGX:U11) can tell us which group is most powerful. We can see that individual investors own the lion's share in the company with 40% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

看看大華銀行有限公司(新加坡證券交易所股票代碼:U11)的股東可以告訴我們哪個集團最強大。我們可以看到,個人投資者擁有公司的大部分股份,所有權爲40%。換句話說,該集團面臨最大的上行潛力(或下行風險)。

Meanwhile, private companies make up 30% of the company's shareholders.

同時,私營公司佔公司股東的30%。

In the chart below, we zoom in on the different ownership groups of United Overseas Bank.

在下圖中,我們放大了大華銀行的不同所有權群體。

ownership-breakdown
SGX:U11 Ownership Breakdown May 21st 2024
新加坡證券交易所:U11 所有權明細 2024 年 5 月 21 日

What Does The Institutional Ownership Tell Us About United Overseas Bank?

關於大華銀行,機構所有權告訴我們什麼?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

機構在向自己的投資者報告時通常會根據基準來衡量自己,因此,一旦股票被納入主要指數,他們通常會對股票更加熱情。我們預計大多數公司都會有一些機構在冊,尤其是在它們正在成長的情況下。

United Overseas Bank 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 United Overseas Bank's historic earnings and revenue below, but keep in mind there's always more to the story.

聯合海外銀行已經在股票登記處設立了機構。事實上,他們擁有該公司可觀的股份。這可能表明該公司在投資界具有一定程度的信譽。但是,最好謹慎行事,不要依賴機構投資者所謂的驗證。他們也是,有時候會弄錯。當多家機構擁有一隻股票時,總是存在處於 “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出售股票。對於沒有增長曆史的公司,這種風險更高。你可以在下面看到大華銀行的歷史收益和收入,但請記住,故事總是有更多內容。

earnings-and-revenue-growth
SGX:U11 Earnings and Revenue Growth May 21st 2024
新加坡證券交易所:U11 收益和收入增長 2024 年 5 月 21 日

Hedge funds don't have many shares in United Overseas Bank. Looking at our data, we can see that the largest shareholder is Estate Of Wee Cho Yaw with 10% of shares outstanding. In comparison, the second and third largest shareholders hold about 8.0% and 5.2% of the stock. Furthermore, CEO Ee Cheong Wee is the owner of 2.6% of the company's shares.

對沖基金在聯合海外銀行的股份不多。從我們的數據來看,我們可以看到最大的股東是Estate Of Wee Cho Yaw,其已發行股份的10%。相比之下,第二和第三大股東持有約8.0%和5.2%的股份。此外,首席執行官Ee Cheong Wee持有該公司2.6%的股份。

A closer look at our ownership figures suggests that the top 18 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.

仔細觀察我們的所有權數據後發現,前18名股東的總所有權爲50%,這意味着沒有一個股東佔多數。

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. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

雖然研究公司的機構所有權可以爲您的研究增加價值,但研究分析師的建議以更深入地了解股票的預期表現也是一種好做法。有相當數量的分析師在報道該股,因此了解他們對未來的總體看法可能很有用。

Insider Ownership Of United Overseas Bank

大華銀行的內部所有權

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.

不同國家對內部人士的定義可能略有不同,但董事會成員始終算在內。管理層最終對董事會負責。但是,經理成爲執行委員會成員的情況並不少見,尤其是當他們是創始人或首席執行官時。

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.

當內部所有權表明領導層像公司的真正所有者一樣思考時,內部所有權是積極的。但是,高度的內部所有權也可以賦予公司內部的一小部分人巨大的權力。在某些情況下,這可能是負面的。

Shareholders would probably be interested to learn that insiders own shares in United Overseas Bank Limited. It is a very large company, and board members collectively own S$2.6b worth of shares (at current prices). we sometimes take an interest in whether they have been buying or selling.

股東們可能會有興趣得知內部人士擁有大華銀行有限公司的股份。這是一家非常大的公司,董事會成員共擁有價值26億新元的股票(按當前價格計算)。我們有時會對他們是買入還是賣出感興趣。

General Public Ownership

一般公有制

With a 40% ownership, the general public, mostly comprising of individual investors, have some degree of sway over United Overseas Bank. 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.

大衆擁有40%的所有權,主要由個人投資者組成的公衆對大華銀行有一定程度的影響力。儘管這種所有權規模可能不足以影響對他們有利的政策決定,但它們仍然可以對公司政策產生集體影響。

Private Company Ownership

私人公司所有權

Our data indicates that Private Companies hold 30%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

我們的數據表明,私營公司持有該公司30%的股份。私營公司可能是關聯方。有時,內部人士通過持有私營公司而不是以個人身份對上市公司感興趣。雖然很難得出任何粗略的結論,但值得注意的是,這是一個需要進一步研究的領域。

Public Company Ownership

上市公司所有權

It appears to us that public companies own 4.0% of United Overseas Bank. 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.

在我們看來,上市公司擁有聯合海外銀行4.0%的股份。很難肯定地說,但這表明它們將商業利益交織在一起。這可能是一個戰略利害關係,因此值得關注這個領域的所有權變動。

Next Steps:

後續步驟:

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 example, we've discovered 1 warning sign for United Overseas Bank that you should be aware of before investing here.

我覺得看看究竟誰擁有一家公司非常有趣。但是,要真正獲得見解,我們還需要考慮其他信息。例如,我們發現了聯合海外銀行的一個警告信號,在這裏投資之前,你應該注意這個信號。

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.

如果你像我一樣,你可能需要考慮這家公司是會成長還是會萎縮。幸運的是,您可以查看這份免費報告,其中顯示了分析師對其未來的預測。

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.

注意:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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