With 47% ownership, Able Global Berhad (KLSE:ABLEGLOB) insiders have a lot riding on the company's future
Able Global Berhad's significant insider ownership suggests inherent interests in company's expansion
The top 9 shareholders own 50% of the company
Institutional ownership in Able Global Berhad is 17%
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To get a sense of who is truly in control of Able Global Berhad (KLSE:ABLEGLOB), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are individual insiders with 47% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
So it follows, every decision made by insiders of Able Global Berhad regarding the company's future would be crucial to them.
In the chart below, we zoom in on the different ownership groups of Able Global Berhad.
Check out our latest analysis for Able Global 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.
As you can see, institutional investors have a fair amount of stake in Able Global Berhad. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. 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 Able Global Berhad, (below). Of course, keep in mind that there are other factors to consider, too.
Hedge funds don't have many shares in Able Global Berhad. Because actions speak louder than words, we consider it a good sign when insiders own a significant stake in a company. In Able Global Berhad's case, its Top Key Executive, Keng Ng, is the largest shareholder, holding 12% of shares outstanding. Mia Goh is the second largest shareholder owning 9.8% of common stock, and Swee Goh holds about 9.6% of the company stock. Interestingly, the third-largest shareholder, Swee Goh is also a Member of the Board of Directors, again, indicating strong insider ownership amongst the company's top shareholders.
On further inspection, we found that more than half the company's shares are owned by the top 9 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.
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 is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. 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.
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 information suggests that insiders maintain a significant holding in Able Global Berhad. Insiders have a RM220m stake in this RM471m business. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.
With a 32% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Able Global Berhad. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
It seems that Private Companies own 4.1%, of the Able Global Berhad stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
It's always worth thinking about the different groups who own shares in a company. But to understand Able Global Berhad better, we need to consider many other factors. To that end, you should be aware of the 1 warning sign we've spotted with Able Global Berhad .
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.
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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.
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