Singapore Exchange Limited's (SGX:S68) Top Owners Are Retail Investors With 47% Stake, While 29% Is Held by Institutions
Singapore Exchange Limited's (SGX:S68) Top Owners Are Retail Investors With 47% Stake, While 29% Is Held by Institutions
Key Insights
主要見解
- Singapore Exchange's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public
- 48% of the business is held by the top 25 shareholders
- 29% of Singapore Exchange is held by Institutions
- 新加坡交易所的重要零售投資者所有權表明,關鍵決策受到更大公衆股東的影響
- 前25名股東持有48%的業務。
- 29%的新加坡交易所由機構持有
A look at the shareholders of Singapore Exchange Limited (SGX:S68) can tell us which group is most powerful. We can see that retail investors own the lion's share in the company with 47% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
看看新加坡交易所有限公司(SGX:S68)的股東,可以告訴我們哪個群體最有實力。我們可以看到,零售投資者擁有該公司47%的所有權。換句話說,該群體將從他們對公司的投資中獲得最多(或失去最多)
Institutions, on the other hand, account for 29% of the company's stockholders. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders.
另一方面,機構佔公司股東的29%。 內部人員通常擁有年輕、規模較小的公司的大部分股份,而大公司則往往有機構作爲股東。
In the chart below, we zoom in on the different ownership groups of Singapore Exchange.
在下面的圖表中,我們將重點關注新加坡交易所的不同所有權群體。
What Does The Institutional Ownership Tell Us About Singapore Exchange?
機構所有權對新加坡交易所有何影響?
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.
機構投資者通常將自己的回報與常見的指數回報進行比較。因此,他們通常會考慮購買包括在相關基準指數中的較大公司。
Singapore Exchange already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. 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 Singapore Exchange's earnings history below. Of course, the future is what really matters.
新加坡交易所已經在股東名冊上擁有機構。實際上,他們在公司中擁有一部分可觀的股份。這意味着爲這些機構工作的分析師已經看過這支股票,而且他們喜歡它。但和其他人一樣,他們也可能是錯的。如果多家機構同時改變對一支股票的看法,你可能會看到股價迅速下跌。因此,值得查看新加坡交易所以下的收入歷史。當然,未來才是真正重要的。
Hedge funds don't have many shares in Singapore Exchange. Looking at our data, we can see that the largest shareholder is Temasek Holdings (Private) Limited with 23% of shares outstanding. For context, the second largest shareholder holds about 5.0% of the shares outstanding, followed by an ownership of 3.1% by the third-largest shareholder.
對沖基金在新加坡交易所沒有持有很多股票。從我們的數據來看,最大的股東是持有股份總數的23%的淡馬錫持倉(私人)有限公司。第二大股東持有約5.0%的股份總數,第三大股東持有3.1%的股份。
Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.
我們的研究表明,前25大股東共控制了公司股份的不到一半,這意味着公司的股份廣泛分散,沒有主導股東。
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
研究機構持股比例是衡量和篩選股票預期表現的好方法。同樣可以通過研究分析師情緒來實現。由於相當多的分析師都關注着該股票,因此你可以很容易地研究預測的增長。
Insider Ownership Of Singapore Exchange
新加坡交易所的內部人員持股情況
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. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
公司內部人員的定義可能是主觀的,並且在不同的司法管轄區之間是不同的。我們的數據反映了個別內部人員,至少捕捉到了董事會成員。公司管理業務,但首席執行官即使是董事會成員也必須向董事會負責。
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.
我通常認爲內部人士持股是一件好事。但是,在某些情況下,它會使其他股東更難以對董事會的決定進行問責。
Our data suggests that insiders own under 1% of Singapore Exchange Limited in their own names. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own S$77m worth of shares. It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.
我們的數據顯示,內部人士以自己的名義擁有新加坡交易所有限公司不到1%的股份。由於這是一家大公司,我們只希望內部人士擁有很小的比例。但值得注意的是,他們擁有價值7700萬新元的股份。看到至少有一些內部股權總是件好事,但值得注意的是,也許值得檢查這些內部人士是否一直在賣出。
General Public Ownership
一般大衆所有權
The general public, who are usually individual investors, hold a 47% stake in Singapore Exchange. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
一般公衆,通常是個人投資者,在新加坡交易所持有47%的股份。雖然這個群體不能必然左右決策,但肯定對公司的運營產生實際影響。
Private Equity Ownership
股權投資公司持有8.8%的股份,有能力參與塑造以價值創造爲重點的公司策略。一些投資者可能會因此而受到鼓舞,因爲股權投資公司有時可以鼓勵市場看到公司的價值,從而採取有益的策略。另外,那些持有者可能在將其上市後退出投資。
With an ownership of 23%, private equity firms are in a position to play a role in shaping corporate strategy with a focus on value creation. 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.
擁有23%股權的股權投資公司有機會在塑造企業策略方面發揮作用,重點是價值創造。一些投資者可能會受到鼓舞,因爲股權投資有時能夠鼓勵幫助市場看到公司價值的策略。 或者,這些持有者可能會在將其上市後退出投資。
Next Steps:
下一步:
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.
我覺得查看公司的實際所有者非常有趣。但爲了真正獲得洞察力,我們需要考慮其他信息。
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.
很多人覺得深入了解一家公司過去的表現是有用的。您可以訪問此詳細的過去收益、營業收入和現金流量圖。
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.
如果您像我一樣,可能希望考慮這家公司是否會增長或縮小。幸運的是,您可以查看此免費報告,顯示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:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
譯文內容由第三人軟體翻譯。