Significant control over Yangzijiang Shipbuilding (Holdings) by individual investors implies that the general public has more power to influence management and governance-related decisions
A total of 14 investors have a majority stake in the company with 50% ownership
If you want to know who really controls Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6), then you'll have to look at the makeup of its share registry. With 43% stake, individual investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
And private companies on the other hand have a 31% ownership in the company.
Let's take a closer look to see what the different types of shareholders can tell us about Yangzijiang Shipbuilding (Holdings).
What Does The Institutional Ownership Tell Us About Yangzijiang Shipbuilding (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.
We can see that Yangzijiang Shipbuilding (Holdings) does have institutional investors; and they hold a good portion of the company's stock. 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. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Yangzijiang Shipbuilding (Holdings), (below). Of course, keep in mind that there are other factors to consider, too.
SGX:BS6 Earnings and Revenue Growth September 9th 2024
Hedge funds don't have many shares in Yangzijiang Shipbuilding (Holdings). The company's largest shareholder is YZJ Settlement Julius Baer Trust Company, with ownership of 22%. Meanwhile, the second and third largest shareholders, hold 9.8% and 6.0%, of the shares outstanding, respectively.
After doing some more digging, we found that the top 14 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.
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 Yangzijiang Shipbuilding (Holdings)
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. 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.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own some shares in Yangzijiang Shipbuilding (Holdings) Ltd.. This is a big company, so it is good to see this level of alignment. Insiders own S$446m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.
General Public Ownership
The general public, who are usually individual investors, hold a 43% stake in Yangzijiang Shipbuilding (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
We can see that Private Companies own 31%, of the shares on issue. 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:
It's always worth thinking about the different groups who own shares in a company. But to understand Yangzijiang Shipbuilding (Holdings) better, we need to consider many other factors.
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.
