Sheng Siong Group Ltd's (SGX:OV8) largest shareholders are retail investors with 32% ownership, private companies own 30%

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

Thu, Jan 23, 2025, 6:18 PM 4 min read

If you want to know who really controls Sheng Siong Group Ltd (SGX:OV8), then you'll have to look at the makeup of its share registry. We can see that retail investors own the lion's share in the company with 32% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

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

Let's delve deeper into each type of owner of Sheng Siong Group, beginning with the chart below.

View our latest analysis for Sheng Siong Group

ownership-breakdown — SGX:OV8 Ownership Breakdown January 24th 2025

What Does The Institutional Ownership Tell Us About Sheng Siong Group?

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.

Sheng Siong Group 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 Sheng Siong Group's earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growth — SGX:OV8 Earnings and Revenue Growth January 24th 2025

Hedge funds don't have many shares in Sheng Siong Group. Looking at our data, we can see that the largest shareholder is Sheng Siong Holdings Pte. Ltd. with 30% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.6% and 7.9%, of the shares outstanding, respectively. Note that the second and third-largest shareholders are also Top Key Executive and Member of the Board of Directors, respectively, meaning that the company's top shareholders are insiders.

To make our study more interesting, we found that the top 4 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making.

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 Sheng Siong Group

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. 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.

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.

It seems insiders own a significant proportion of Sheng Siong Group Ltd. Insiders own S$670m worth of shares in the S$2.5b company. That's quite meaningful. It is good to see this level of investment. You can check here to see if those insiders have been buying recently.

General Public Ownership

The general public, who are usually individual investors, hold a 32% stake in Sheng Siong Group. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Company Ownership

We can see that Private Companies own 30%, of the shares on issue. 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.

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. Case in point: We've spotted 1 warning sign for Sheng Siong Group you should be aware of.

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.

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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.