Shareholders Will Probably Hold Off On Increasing Southeast Asia Properties & Finance Limited's (HKG:252) CEO Compensation For The Time Being
Shareholders Will Probably Hold Off On Increasing Southeast Asia Properties & Finance Limited's (HKG:252) CEO Compensation For The Time Being
Key Insights
主要見解
- Southeast Asia Properties & Finance will host its Annual General Meeting on 23rd of August
- CEO Nai Tuen Chua's total compensation includes salary of HK$4.54m
- The overall pay is 226% above the industry average
- Southeast Asia Properties & Finance's three-year loss to shareholders was 33% while its EPS grew by 108% over the past three years
- 東南亞地產與金融將於8月23日舉行年度股東大會。
- CEO蔡乃全的總薪酬包括454萬港元的工資。
- 總薪酬比行業平均水平高226%。
- 在過去三年中,東南亞地產與金融的股東虧損爲33%,而其每股收益增長了108%。
In the past three years, the share price of Southeast Asia Properties & Finance Limited (HKG:252) has struggled to grow and now shareholders are sitting on a loss. What is concerning is that despite positive EPS growth, the share price has not tracked the trend in fundamentals. The AGM coming up on the 23rd of August could be an opportunity for shareholders to bring these concerns to the board's attention. Voting on resolutions such as executive remuneration and other matters could also be a way to influence management. Here's our take on why we think shareholders may want to be cautious of approving a raise for the CEO at the moment.
在過去三年中,東南亞地產與金融有限公司(HKG:252)的股價一直無法增長,現在股東面臨虧損。值得關注的是,儘管每股收益呈現積極增長,但股價並沒有跟隨基本面的趨勢。即將到來的股東大會可能是股東們向董事會提出這些顧慮的機會。對行政薪酬等議案的表決也可能是影響管理層的一個方式。以下是我們對爲何認爲股東們此時可能要謹慎批准CEO加薪的看法。
Comparing Southeast Asia Properties & Finance Limited's CEO Compensation With The Industry
將東南亞地產與金融有限公司的CEO薪酬與行業平均水平進行比較
At the time of writing, our data shows that Southeast Asia Properties & Finance Limited has a market capitalization of HK$496m, and reported total annual CEO compensation of HK$4.6m for the year to March 2024. Notably, that's a decrease of 10% over the year before. Notably, the salary which is HK$4.54m, represents most of the total compensation being paid.
截至撰寫本文時,我們的數據顯示,東南亞地產與金融有限公司市值爲4,9600萬港元,截至2024年3月報告的總年CEO薪酬爲460萬港元。值得注意的是,這比前一年減少了10%。值得注意的是,工資爲454萬港元,佔總薪酬的大部分。
For comparison, other companies in the Hong Kong Packaging industry with market capitalizations below HK$1.6b, reported a median total CEO compensation of HK$1.4m. Hence, we can conclude that Nai Tuen Chua is remunerated higher than the industry median. What's more, Nai Tuen Chua holds HK$10.0m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
與之相比,香港包裝業其他市值低於16億港元的公司報告的總CEO薪酬中位數爲140萬港元。因此,我們可以得出結論,蔡乃全的薪酬高於行業中位數。此外,蔡乃全自有公司價值1000萬港元的股票,這表明他們在遊戲中擁有很多籌碼。
Component | 2024 | 2023 | Proportion (2024) |
Salary | HK$4.5m | HK$5.1m | 99% |
Other | HK$60k | HK$60k | 1% |
Total Compensation | HK$4.6m | HK$5.1m | 100% |
組成部分 | 2024 | 2023 | 比例(2024年) |
薪資 | 450萬元港幣 | 510萬港幣 | 99% |
其他 | HK $60k | HK $60k | 1% |
總補償 | 460萬港元 | 510萬港幣 | 100% |
On an industry level, roughly 79% of total compensation represents salary and 21% is other remuneration. Southeast Asia Properties & Finance is focused on going down a more traditional approach and is paying a higher portion of compensation through salary, as compared to non-salary benefits. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
在行業層面上,大約79%的薪酬代表工資,21%是其他薪酬。東南亞地產與金融專注於採取更加傳統的方法,並通過工資支付更高的補償比例,而非薪酬福利。如果總薪酬偏向於工資,這表明通常與績效掛鉤的可變部分較低。
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A Look at Southeast Asia Properties & Finance Limited's Growth Numbers
東南亞地產與金融有限公司的增長數字
Southeast Asia Properties & Finance Limited has seen its earnings per share (EPS) increase by 108% a year over the past three years. In the last year, its revenue is down 19%.
東南亞地產與金融有限公司的每股收益在過去三年中年增長率達108%。在過去一年中,其營業收入下降了19%。
This demonstrates that the company has been improving recently and is good news for the shareholders. The lack of revenue growth isn't ideal, but it is the bottom line that counts most in business. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.
這表明該公司最近有所改善,對股東來說是一個好消息。收入增長的缺失並不理想,但在商業上,最重要的是淨利潤。我們沒有分析師預測,但您可以通過查看這個更詳細的盈利、收入和現金流歷史圖表來更好地了解其成長情況。
Has Southeast Asia Properties & Finance Limited Been A Good Investment?
東南亞地產與金融有限公司是一家不錯的投資嗎?
The return of -33% over three years would not have pleased Southeast Asia Properties & Finance Limited shareholders. This suggests it would be unwise for the company to pay the CEO too generously.
在過去三年中,-33%的回報並不會讓東南亞地產與金融有限公司的股東感到滿意。這表明公司過於慷慨給CEO高薪可能是不明智的。
To Conclude...
總之...
Southeast Asia Properties & Finance pays its CEO a majority of compensation through a salary. Despite the growth in its earnings, the share price decline in the past three years is certainly concerning. A huge lag in share price growth when earnings have grown may indicate there could be other issues that are affecting the company at the moment that the market is focused on. If there are some unknown variables that are influencing the stock's price, surely shareholders would have some concerns. The upcoming AGM will be a chance for shareholders to question the board on key matters, such as CEO remuneration or any other issues they might have and revisit their investment thesis with regards to the company.
東南亞地產與金融通過工資支付其大部分薪酬給CEO。儘管其盈利增長,但過去三年的股價下跌肯定令人擔憂。當每股收益增長而股價未跟隨其基本面的趨勢時,股價增長的巨大滯後可能表明市場正專注於其他問題。如果有一些未知變量正在影響股價,股東們肯定會有一些顧慮。即將舉行的股東大會將是股東們就CEO薪酬等關鍵事項提問的機會,也是他們重新審視有關公司的投資理論的機會。
While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. We did our research and spotted 2 warning signs for Southeast Asia Properties & Finance that investors should look into moving forward.
雖然關注CEO薪酬很重要,但投資者應該考慮企業的其他方面。我們進行了研究,並發現了2個有關東南亞地產與金融公司的警示信號,投資者應該在前進過程中進行研究。
Switching gears from Southeast Asia Properties & Finance, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.
如果您正在尋找一張完美的資產負債表和高回報的股票名單,那麼這個免費的高回報,低債務公司名單是一個理想的地方。
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。