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
主要見解
- 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%
- 正利控股將於8月26日舉行年度股東大會
- 總經理吳彩華的薪資中包括222萬元港元
- 該公司的總薪酬相比行業平均水平高出377%
- 在過去三年中,正利控股的每股收益下降了2.5%,股東總損失達到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)的股東在過去三年中對股價的負回報感到失望。此外,儘管營收增長,但公司每股收益增長不佳。鑑於這種業績表現,股東們將有機會在8月26日舉行的股東大會上向董事會提問,通過對決議進行投票,包括高管薪酬,從而對未來公司業績產生影響。以下是我們對爲何股東可能對目前批准加薪持猶豫態度的觀點。
How Does Total Compensation For Choi Wah Ng Compare With Other Companies In The Industry?
Choi Wah Ng的總薪酬與行業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.
我們的數據顯示,Ching Lee控股有限公司的市值爲4800萬港元,CEO總年薪報告爲1100萬港元,截至2024年3月。與去年相比,這是一項顯著增長的28%。雖然這個分析側重於總薪酬,但值得注意的是薪資部分較低,價值爲220萬港元。
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.
與香港建築行業市值低於16億港元的其他公司相比,報道的CEO年薪中位數爲230萬港元。因此,我們可以得出結論,Choi Wah Ng的薪酬高於行業中位數。此外,Choi Wah Ng以個人名義持有價值3400萬港元的公司股票,這表明他們對公司有很大的利益關係。
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% |
組成部分 | 2024 | 2023 | 比例(2024年) |
薪資 | 220萬元港元 | 2.3百萬港元 | 21% |
其他 | HK$8.4m | 610萬元港元 | 79% |
總補償 | 1,100萬港元 | 8.4百萬港元 | 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東對過去三年的-74%回報感到滿意。這表明公司過於慷慨地支付首席執行官的回報是不明智的。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240819/0-77bf430a64c538fdde5967a25c9afe27-0-91d2ee44deaa6b9fd4116ca1224d3e98.png/big)
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的薪酬僅是在審查業務績效時需要考慮的諸多因素之一。這就是爲什麼我們進行了研究,並確定了正利控股的4個警示信號(其中3個可能非常嚴重!)您應該了解這些以便全面了解該股票。
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...
總之...
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.
由於公司收益沒有增長,股票表現不佳,導致公司股東損失。即將召開的股東大會將爲股東提供機會重新審視公司的薪酬政策,並評估董事會的判斷和決策是否與公司股東的一致。
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.
當然,你可能會通過觀察其他股票的不同漲跌幅來找到一筆不錯的投資。所以,可以看一下這個有趣的公司的免費列表。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
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。