Private companies account for 54% of Tuan Sing Holdings Limited's (SGX:T24) ownership, while individual investors account for 36%

editorial-team@simplywallst.com (Simply Wall St)

Sun, Oct 27, 2024, 11:12 PM 4 min read

The considerable ownership by private companies in Tuan Sing Holdings indicates that they collectively have a greater say in management and business strategy
Nuri Holdings (S) Pte Ltd. owns 54% of the company
Ownership research, combined with past performance data can help provide a good understanding of opportunities in a stock

A look at the shareholders of Tuan Sing Holdings Limited (SGX:T24) can tell us which group is most powerful. With 54% stake, private companies possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).

Meanwhile, individual investors make up 36% of the company’s shareholders.

In the chart below, we zoom in on the different ownership groups of Tuan Sing Holdings.

See our latest analysis for Tuan Sing Holdings

ownership-breakdown — SGX:T24 Ownership Breakdown October 28th 2024

What Does The Institutional Ownership Tell Us About Tuan Sing Holdings?

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.

Less than 5% of Tuan Sing Holdings is held by institutional investors. This suggests that some funds have the company in their sights, but many have not yet bought shares in it. So if the company itself can improve over time, we may well see more institutional buyers in the future. When multiple institutional investors want to buy shares, we often see a rising share price. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees.

earnings-and-revenue-growth — SGX:T24 Earnings and Revenue Growth October 28th 2024

We note that hedge funds don't have a meaningful investment in Tuan Sing Holdings. Nuri Holdings (S) Pte Ltd. is currently the largest shareholder, with 54% of shares outstanding. This implies that they have majority interest control of the future of the company. Wee Meng Koh is the second largest shareholder owning 6.1% of common stock, and Dimensional Fund Advisors LP holds about 1.7% of the company stock.

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. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of Tuan Sing Holdings

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

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.

We can report that insiders do own shares in Tuan Sing Holdings Limited. As individuals, the insiders collectively own S$24m worth of the S$323m company. It is good to see some investment by insiders, 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 36% stake in Tuan Sing Holdings. 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.

Private Company Ownership

It seems that Private Companies own 54%, of the Tuan Sing Holdings stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Next Steps:

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 instance, we've identified 3 warning signs for Tuan Sing Holdings (2 are a bit unpleasant) that you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.