The Hong Kong and China Gas Company Limited's (HKG:3) largest shareholders are retail investors with 49% ownership, private companies own 42%

Simply Wall St.08-02

Key Insights Significant control over Hong Kong and China Gas by retail investors implies that the general public has more power to influence management and governance-related decisions The top 21 ...

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We can see that retail investors own the lion's share in the company with 49% 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 42% of the company’s shareholders.    Let's delve deeper into each type of owner of Hong Kong and China Gas, beginning with the chart below.  View our latest analysis for Hong Kong and China Gas SEHK:3 Ownership Breakdown August 2nd 2024 What Does The Institutional Ownership Tell Us About Hong Kong and China Gas? 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.   As you can see, institutional investors have a fair amount of stake in Hong Kong and China Gas.  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.  When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Hong Kong and China Gas' historic earnings and revenue below, but keep in mind there's always more to the story. SEHK:3 Earnings and Revenue Growth August 2nd 2024  Hong Kong and China Gas is not owned by hedge funds.      Henderson Development Limited is currently the company's largest shareholder with 42% of shares outstanding.        For context, the second largest shareholder holds about 2.3% of the shares outstanding, followed by an ownership of 1.8% by the third-largest shareholder.     A closer look at our ownership figures suggests that the top 21 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.    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.   There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.  Insider Ownership Of Hong Kong and China Gas While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.  Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.  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.   Our data suggests that insiders own under 1% of The Hong Kong and China Gas Company Limited in their own names.   But they may have an indirect interest through a corporate structure that we haven't picked up on.    It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own HK$390m worth of shares (at current prices).  In this sort of situation, it can be more interesting to  see if those insiders have been buying or selling.   General Public Ownership The general public-- including retail investors -- own 49% stake in the company, and hence can't easily be ignored.   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 Our data indicates that Private Companies hold 42%, of the company's shares.   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.    Take risks for example - Hong Kong and China Gas has   2 warning signs   we think 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.Valuation is complex, but we're here to simplify it.Discover if Hong Kong and China Gas might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access 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. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Concerned about the content? Get in touch with us directly. 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