Private companies account for 55% of Metallurgical Corporation of China Ltd.'s (HKG:1618) ownership, while individual investors account for 36%

Simply Wall St.2023-12-26

Key Insights Metallurgical Corporation of China's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public 55% of the business ...

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(HKG:1618), then you'll have to look at the makeup of its share registry.  With 55% stake, private companies possess the maximum shares in the company.   That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).  Meanwhile, individual investors make up 36% of the company’s shareholders.    In the chart below, we zoom in on the different ownership groups of Metallurgical Corporation of China.  View our latest analysis for Metallurgical Corporation of China SEHK:1618 Ownership Breakdown December 26th 2023 What Does The Institutional Ownership Tell Us About Metallurgical Corporation of China? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.   We can see that Metallurgical Corporation of China 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 Metallurgical Corporation of China, (below). Of course, keep in mind that there are other factors to consider, too. SEHK:1618 Earnings and Revenue Growth December 26th 2023  We note that hedge funds don't have a meaningful investment in Metallurgical Corporation of China.      China Minmetals Corporation is currently the largest shareholder, with 49% of shares outstanding.       For context, the second largest shareholder holds about 5.9% of the shares outstanding, followed by an ownership of 2.8% by the third-largest shareholder.     After doing some more digging, we found that the top 2 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.    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 plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.  Insider Ownership Of Metallurgical Corporation of China While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.  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.   Our most recent data indicates that insiders own less than 1% of Metallurgical Corporation of China Ltd..   However, it's possible that insiders might have an indirect interest through a more complex structure.    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 HK$997k worth of shares.  In this sort of situation, it can be more interesting to  see if those insiders have been buying or selling.   General Public Ownership With a 36% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Metallurgical Corporation of China.  This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.  Private Company Ownership It seems that Private Companies own 55%, of the Metallurgical Corporation of China 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: While it is well worth considering the different groups that own a company, there are other factors that are even more important.    Consider for instance, the ever-present spectre of investment risk.   We've identified 1 warning sign  with Metallurgical Corporation of China , and understanding them should be part of your investment process.     If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.  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.Valuation is complex, but we're helping make it simple.Find out whether Metallurgical Corporation of China is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave 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. 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