We Think Some Shareholders May Hesitate To Increase Ching Lee Holdings Limited's (HKG:3728) CEO Compensation
We Think Some Shareholders May Hesitate To Increase Ching Lee Holdings Limited's (HKG:3728) CEO Compensation
Key Insights
主要见解
- Ching Lee Holdings will host its Annual General Meeting on 26th of August
- Salary of HK$2.22m is part of CEO Choi Wah Ng's total remuneration
- The total compensation is 377% higher than the average for the industry
- Over the past three years, Ching Lee Holdings' EPS fell by 2.5% and over the past three years, the total loss to shareholders 74%
- 正利控股将于8月26日举行年度股东大会
- 总经理吴彩华的薪资中包括222万元港元
- 该公司的总薪酬相比行业平均水平高出377%
- 在过去三年中,正利控股的每股收益下降了2.5%,股东总损失达到74%
Shareholders of Ching Lee Holdings Limited (HKG:3728) will have been dismayed by the negative share price return over the last three years. In addition, the company's per-share earnings growth is not looking good, despite growing revenues. In light of this performance, shareholders will have a chance to question the board in the upcoming AGM on 26th of August, where they can impact on future company performance by voting on resolutions, including executive compensation. Here's our take on why we think shareholders might be hesitant about approving a raise at the moment.
Ching Lee控股有限公司(HKG:3728)的股东在过去三年中对股价的负回报感到失望。此外,尽管营收增长,但公司每股收益增长不佳。鉴于这种业绩表现,股东们将有机会在8月26日举行的股东大会上向董事会提问,通过对决议进行投票,包括高管薪酬,从而对未来公司业绩产生影响。以下是我们对为何股东可能对目前批准加薪持犹豫态度的观点。
How Does Total Compensation For Choi Wah Ng Compare With Other Companies In The Industry?
Choi Wah Ng的总薪酬与行业中其他公司相比如何?
Our data indicates that Ching Lee Holdings Limited has a market capitalization of HK$48m, and total annual CEO compensation was reported as HK$11m for the year to March 2024. That's a notable increase of 28% on last year. While this analysis focuses on total compensation, it's worth acknowledging that the salary portion is lower, valued at HK$2.2m.
我们的数据显示,Ching Lee控股有限公司的市值为4800万港元,CEO总年薪报告为1100万港元,截至2024年3月。与去年相比,这是一项显著增长的28%。虽然这个分析侧重于总薪酬,但值得注意的是薪资部分较低,价值为220万港元。
In comparison with other companies in the Hong Kong Construction industry with market capitalizations under HK$1.6b, the reported median total CEO compensation was HK$2.3m. Hence, we can conclude that Choi Wah Ng is remunerated higher than the industry median. What's more, Choi Wah Ng holds HK$34m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
与香港建筑行业市值低于16亿港元的其他公司相比,报道的CEO年薪中位数为230万港元。因此,我们可以得出结论,Choi Wah Ng的薪酬高于行业中位数。此外,Choi Wah Ng以个人名义持有价值3400万港元的公司股票,这表明他们对公司有很大的利益关系。
Component | 2024 | 2023 | Proportion (2024) |
Salary | HK$2.2m | HK$2.3m | 21% |
Other | HK$8.5m | HK$6.1m | 79% |
Total Compensation | HK$11m | HK$8.4m | 100% |
组成部分 | 2024 | 2023 | 比例(2024年) |
薪资 | 220万元港元 | 2.3百万港元 | 21% |
其他 | HK$8.4m | 610万元港元 | 79% |
总补偿 | 1,100万港元 | 8.4百万港元 | 100% |
On an industry level, around 84% of total compensation represents salary and 16% is other remuneration. It's interesting to note that Ching Lee Holdings allocates a smaller portion of compensation to salary in comparison to the broader industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.
很少有正利控股有限公司的股东对过去三年的-74%回报感到满意。这表明公司过于慷慨地支付首席执行官的回报是不明智的。
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Ching Lee Holdings Limited's Growth
The company's earnings haven't grown and possibly because of that, the stock has performed poorly, resulting in a loss for the company's shareholders. The upcoming AGm will provide shareholders the opportunity to revisit the company's remuneration policies and evaluate if the board's judgement and decision-making is aligned with that of the company's shareholders.
Over the last three years, Ching Lee Holdings Limited has shrunk its earnings per share by 2.5% per year. It achieved revenue growth of 27% over the last year.
CEO的薪酬仅是在审查业务绩效时需要考虑的诸多因素之一。这就是为什么我们进行了研究,并确定了正利控股的4个警示信号(其中3个可能非常严重!)您应该了解这些以便全面了解该股票。
The reduction in EPS, over three years, is arguably concerning. On the other hand, the strong revenue growth suggests the business is growing. In conclusion we can't form a strong opinion about business performance yet; but it's one worth watching. While we don't have analyst forecasts for the company, shareholders might want to examine this detailed historical graph of earnings, revenue and cash flow.
Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.
Has Ching Lee Holdings Limited Been A Good Investment?
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.
Few Ching Lee Holdings Limited shareholders would feel satisfied with the return of -74% over three years. This suggests it would be unwise for the company to pay the CEO too generously.
To Conclude...
总之...
The company's earnings haven't grown and possibly because of that, the stock has performed poorly, resulting in a loss for the company's shareholders. The upcoming AGM will provide shareholders the opportunity to revisit the company's remuneration policies and evaluate if the board's judgement and decision-making is aligned with that of the company's shareholders.
由于公司收益没有增长,股票表现不佳,导致公司股东损失。即将召开的股东大会将为股东提供机会重新审视公司的薪酬政策,并评估董事会的判断和决策是否与公司股东的一致。
CEO pay is simply one of the many factors that need to be considered while examining business performance. That's why we did our research, and identified 4 warning signs for Ching Lee Holdings (of which 3 are potentially serious!) that you should know about in order to have a holistic understanding of the stock.
Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.
当然,你可能会通过观察其他股票的不同涨跌幅来找到一笔不错的投资。所以,可以看一下这个有趣的公司的免费列表。
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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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。