Yahoo Finance Private companies own 26% of Swift Haulage Berhad (KLSE:SWIFT) shares but retail investors control 30% of the company
Key Insights
Significant control over Swift Haulage Berhad by retail investors implies that the general public has more power to influence management and governance-related decisions
The top 4 shareholders own 54% of the company
If you want to know who really controls Swift Haulage Berhad (KLSE:SWIFT), 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 30% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Meanwhile, private companies make up 26% of the company’s shareholders.
Let's delve deeper into each type of owner of Swift Haulage Berhad, beginning with the chart below.
See our latest analysis for Swift Haulage Berhad
What Does The Institutional Ownership Tell Us About Swift Haulage Berhad?
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.
Swift Haulage Berhad 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. 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 Swift Haulage Berhad, (below). Of course, keep in mind that there are other factors to consider, too.
Swift Haulage Berhad is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Persada Bina Sdn. Bhd. with 24% of shares outstanding. SCGJWD Logistics Public Company Limited is the second largest shareholder owning 20% of common stock, and Hooi Loo holds about 5.0% of the company stock. Hooi Loo, who is the third-largest shareholder, also happens to hold the title of Member of the Board of Directors.
On looking further, we found that 54% of the shares are owned by the top 4 shareholders. In other words, these shareholders have a meaningful say in the decisions of the company.
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 Swift Haulage Berhad
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 information suggests that insiders maintain a significant holding in Swift Haulage Berhad. Insiders have a RM57m stake in this RM477m business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.
General Public Ownership
With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Swift Haulage Berhad. 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 26%, of the Swift Haulage Berhad stock. 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.
Public Company Ownership
Public companies currently own 20% of Swift Haulage Berhad stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Swift Haulage Berhad better, we need to consider many other factors. For instance, we've identified 4 warning signs for Swift Haulage Berhad (2 make us uncomfortable) that you should be aware of.
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
