Keppel Management

Management criteria checks 3/4

Keppel's CEO is Chin Hua Loh, appointed in Jan 2014, has a tenure of 10.33 years. total yearly compensation is SGD8.14M, comprised of 15.4% salary and 84.6% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth €29.45M. The average tenure of the management team and the board of directors is 4.3 years and 4.5 years respectively.

Key information

Chin Hua Loh

Chief executive officer

S$8.1m

Total compensation

CEO salary percentage	15.4%
CEO tenure	10.3yrs
CEO ownership	0.3%
Management average tenure	4.3yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chin Hua Loh's remuneration changed compared to Keppel's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	S$885m
Sep 30 2023	n/a	n/a	S$867m
Jun 30 2023	n/a	n/a	S$854m
Mar 31 2023	n/a	n/a	S$849m
Dec 31 2022	S$8m	S$1m	S$844m
Sep 30 2022	n/a	n/a	S$964m
Jun 30 2022	n/a	n/a	S$1b
Mar 31 2022	n/a	n/a	S$1b
Dec 31 2021	S$7m	S$1m	S$1b
Sep 30 2021	n/a	n/a	S$723m
Jun 30 2021	n/a	n/a	S$377m
Mar 31 2021	n/a	n/a	-S$494m
Dec 31 2020	S$5m	S$1m	-S$506m
Sep 30 2020	n/a	n/a	-S$330m
Jun 30 2020	n/a	n/a	-S$186m
Mar 31 2020	n/a	n/a	S$665m
Dec 31 2019	S$7m	S$1m	S$707m
Sep 30 2019	n/a	n/a	S$651m
Jun 30 2019	n/a	n/a	S$718m
Mar 31 2019	n/a	n/a	S$814m
Dec 31 2018	S$7m	S$1m	S$948m
Sep 30 2018	n/a	n/a	S$321m
Jun 30 2018	n/a	n/a	S$360m
Mar 31 2018	n/a	n/a	S$281m
Dec 31 2017	S$7m	S$1m	S$196m

Compensation vs Market: Chin Hua's total compensation ($USD5.97M) is above average for companies of similar size in the German market ($USD3.34M).

Compensation vs Earnings: Chin Hua's compensation has been consistent with company performance over the past year.

CEO

Chin Hua Loh (62 yo)

10.3yrs

Tenure

S$8,142,500

Compensation

Mr. Chin Hua Loh, CFA has been the Chairman of the Board at Keppel Shipyard Limited. He serves as Director at M1 Limited since June 11, 2019. He has been the Chief Executive Officer and Executive Director...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chin Hua Loh	CEO & Executive Director	10.3yrs	S$8.14m	0.35% SGD 29.5m
Kevin Chng	Chief Financial Officer	less than a year	no data	0.016% SGD 1.4m
Hua Mui Tan	CEO of Fund Management & Chief Investment Officer	1.3yrs	no data	no data
Kee Huat Loh	MD and Head of Health	1.3yrs	no data	no data
Karen Teo	MD, Head of Legal & Corporate Secretariat and Joint Company Secretary	less than a year	no data	no data
Tong Yen Ho	Chief Sustainability Officer	8.8yrs	no data	no data
Meng Hin Yeo	Chief Human Resource Officer	6.3yrs	no data	no data
Martin Ling	MD & Head of Cyber Security	no data	no data	no data
Toh Sim Goh	Chief Representative of China & CEO of China Fund Management	no data	no data	no data
Hsien Yang Chua	MD & Head of Mergers & Acquisitions	2.3yrs	no data	no data
Boon Leng Tan	Managing Director of Projects - Infrastructure	7.3yrs	no data	no data
Siew Lee	Chief Operating Officer of Keppel Land China	8.2yrs	no data	no data

4.3yrs

Average Tenure

57yo

Average Age

Experienced Management: KEP1's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chin Hua Loh	CEO & Executive Director	10.3yrs	S$8.14m	0.35% SGD 29.5m
Shirish Apte	Lead Independent Non-Executive Director	2.8yrs	S$189.00k	0.00062% SGD 52.9k
Siong Seng Teo	Non-Executive & Non-Independent Director	4.5yrs	S$155.00k	0.0024% SGD 203.9k
Olivier Blum	Independent Non-executive Director	2yrs	S$139.00k	0.00023% SGD 19.6k
Koon Hean Cheong	Member of the Technology Advisory Panel	no data	no data	no data
Sai Choy Tham	Non-Executive & Independent Director	4.5yrs	S$213.00k	0.010% SGD 863.5k
Leong Kay Teoh	Non-Executive & Non-Independent Chairman	13.6yrs	S$750.00k	0.0092% SGD 787.6k
Lee Yoke Sim	Non-Executive Independent Director	4.3yrs	S$207.18k	0.0030% SGD 255.1k
Wun Jern Ng	Chairman of Technology Advisory Panel	12.3yrs	no data	no data
Hwee Kim Ng	Independent Non-Executive Director	2yrs	S$146.00k	0.00023% SGD 19.6k
Romain Debarre	Member of Technology Advisory Panel	no data	no data	no data
Ed Ansett	Member of the Technology Advisory Board	no data	no data	no data

4.5yrs

Average Tenure

68yo

Average Age

Experienced Board: KEP1's board of directors are considered experienced (4.5 years average tenure).

Keppel Management

Management criteria checks 3/4

Key information

Recent management updates

Keppel Ltd. Announces Appointment of Shirish Apte as Non-Executive Lead Independent Director

Keppel Corporation Limited Announces Board and Committee Changes

Keppel Corporation Limited Announces Change of Chief Financial Officer

Keppel Corporation Limited Announces Executive Changes, Effective on July 10, 2023

Keppel Corporation Limited Announces Appointment of Ang Wan Ching as Independent Director, Effective July 1, 2023

Key Executive recently bought €149k worth of stock

Recent updates

New minor risk - Shareholder dilution

Keppel Ltd. Announces Appointment of Shirish Apte as Non-Executive Lead Independent Director

Upcoming dividend of S$0.19 per share

Full year 2023 earnings released: EPS: S$0.50 (vs S$0.47 in FY 2022)

Keppel Ltd. to Report Q3, 2024 Results on Oct 24, 2024

Fourth quarter dividend of S$0.19 announced

Keppel Ltd. Proposes Final Cash Dividend for 2023, Payable on 8 May 2024

Keppel Ltd. to Report Fiscal Year 2023 Results on Feb 01, 2024

Keppel Corporation Limited Announces Board and Committee Changes

Keppel Corporation Limited Announces Change of Chief Financial Officer

Keppel Corporation Limited to Report Q3, 2023 Results on Oct 19, 2023

Keppel Corporation Receives Energy Market Authority of Singapore Conditional Approval to Import 300 MW of Solar Power from Indonesia

Keppel Corporation Receives Energy Market Authority of Singapore Conditional Approval to Import 300 MW of Solar Power from Indonesia

New major risk - Revenue and earnings growth

Upcoming dividend of S$0.15 per share at 4.6% yield

Keppel Corporation Limited Proposes Interim Dividend for the First Half of 2023

First half 2023 earnings released: EPS: S$0.25 (vs S$0.24 in 1H 2022)

Keppel Corporation Limited Announces Executive Changes, Effective on July 10, 2023

Keppel Corporation Limited to Report First Half, 2023 Results on Jul 27, 2023

Keppel Corporation Limited Announces Appointment of Ang Wan Ching as Independent Director, Effective July 1, 2023

Keppel Corporation Limited Approves Final Tax-Exempt (One-Tier) Dividend for the Year Ended 31 December 2022

Key Executive recently bought €149k worth of stock

Now 21% undervalued after recent price drop

Upcoming dividend of S$0.18 per share at 5.3% yield

Insufficient new directors

Investor sentiment deteriorates as stock falls 20%

Full year 2022 earnings released: EPS: S$0.48 (vs S$0.56 in FY 2021)

Keppel Corporation Limited to Report Fiscal Year 2022 Results on Feb 02, 2023

Keppel Corporation Limited Announces Change of Joint Company Secretary, with Effect from 2 January 2023

Keppel Corporation Limited (SGX:BN4) acquired 20% stake in Gemdale Shanghai Residential Project for CNY 334 Million.

CKI Reportedly in Hunt for Vector Metering

Keppel Corporation Limited Announces Voluntary Liquidation of Dormant Subsidiary

Keppel Corporation Limited to Report Q3, 2022 Results on Oct 27, 2022

Keppel Corporation Limited Announces Customer Claim Arising from Rig Contract

Keppel Corporation Limited Approves Interim Cash Dividend , Payable on 19 August 2022

Keppel Corporation Limited Announces Change of Joint Company Secretary

Keppel Corporation Limited Liquidates Dormant Wholly-Owned Subsidiary of Keppel Telecommunications & Transportation Ltd, Keppel IHT Investment Ltd with Effect from June 16, 2022

Keppel Corporation Limited to Report First Half, 2022 Results on Jul 29, 2022

Key Executive recently bought €117k worth of stock

Keppel Corporation Limited Announces Board Appointments

Upcoming dividend of S$0.21 per share

Full year 2021 earnings released: EPS: S$0.56 (vs S$0.28 loss in FY 2020)

Keppel Corporation Limited Proposes Final Tax-Exempt (One-Tier) Dividend for the Year Ended 31 December 2021, Payable on 12 May 2022

Keppel Corporation Limited to Report Q1, 2022 Results on Apr 21, 2022

Keppel Corporation Announces Executive Appointments

Keppel Corporation Limited Proposes Final Dividend for the Fiscal Year 2021, Payable on May 12, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Keppel Corporation Limited, Annual General Meeting, Apr 22, 2022

High number of new directors

Fourth Partner, Keppel, Others Reportedly Eye Majority Stake in Cleantech

Strong Buyer Line-Up for Icon Group

First half 2021 earnings released: EPS S$0.17 (vs S$0.29 loss in 1H 2020)

Keppel Corp and Sembcorp Marine Explore a Potential Tie-Up

CEO of Sino-Singapore Tianjin Eco-City Investment and Development Lim Heng Tay has left the company

Non-Executive & Independent Director has left the company

Non-Executive & Independent Chairman Boon Yang Lee has left the company

Upcoming dividend of S$0.07 per share

Full year 2020 earnings released: S$0.28 loss per share (vs S$0.39 profit in FY 2019)

Keppel Corporation Limited Announces Executive Changes

Chief Executive Officer of Keppel Data Centre REIT Management Pte Ltd Hsien Yang Chua has left the company

Keppel Corporation Limited Announces Re-Designation of Teo Siong Seng Independent Director to Non-Executive and Non-Independent Director

Revenue misses expectations

Revenue misses expectations

Full year 2020 earnings released: S$0.28 loss per share (vs S$0.39 profit in FY 2019)

New 90-day high: €3.36

Keppel Corporation Limited to Report Fiscal Year 2020 Results on Jan 28, 2021

Keppel Corporation Limited to Build Wind Turbine Installation Vessel in the U.S. Worth About SGD 600 Million

New 90-day high: €3.30

Keppel Corporation Announces Leadership Renewal for Key Business Units