Significant control over Amway (Malaysia) Holdings Berhad by private companies implies that the general public has more power to influence management and governance-related decisions
The largest shareholder of the company is Alticor Global Holdings Inc. with a 52% stake
Institutional ownership in Amway (Malaysia) Holdings Berhad is 33%
If you want to know who really controls Amway (Malaysia) Holdings Berhad (KLSE:AMWAY), then you’ll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 52% to be precise, is private companies. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
And institutions on the other hand have a 33% ownership in the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership over time.
Let’s delve deeper into each type of owner of Amway (Malaysia) Holdings Berhad, beginning with the chart below.
See our latest analysis for Amway (Malaysia) Holdings Berhad
KLSE:AMWAY Ownership Breakdown January 18th 2026
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
We can see that Amway (Malaysia) Holdings Berhad 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 Amway (Malaysia) Holdings Berhad, (below). Of course, keep in mind that there are other factors to consider, too.
KLSE:AMWAY Earnings and Revenue Growth January 18th 2026
Amway (Malaysia) Holdings Berhad is not owned by hedge funds. Alticor Global Holdings Inc. is currently the company’s largest shareholder with 52% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. In comparison, the second and third largest shareholders hold about 19% and 8.6% of the stock.
Story Continues
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 is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. 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.
We can see that insiders own shares in Amway (Malaysia) Holdings Berhad. As individuals, the insiders collectively own RM20m worth of the RM852m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling.
The general public– including retail investors — own 12% stake in the company, and hence can’t easily be ignored. 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 52%, of the Amway (Malaysia) Holdings 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 Amway (Malaysia) Holdings Berhad better, we need to consider many other factors. Take risks for example – Amway (Malaysia) Holdings Berhad has 2 warning signs we think 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.
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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.