Wing Tai Properties Management

Management criteria checks 2/4

Wing Tai Properties' CEO is Edward Cheng, appointed in Jan 1994, has a tenure of 30.25 years. total yearly compensation is HK$23.74M, comprised of 61.6% salary and 38.4% bonuses, including company stock and options. directly owns 0.94% of the company’s shares, worth €3.31M. The average tenure of the management team and the board of directors is 23.5 years and 21.6 years respectively.

Key information

Edward Cheng

Chief executive officer

HK$23.7m

Total compensation

CEO salary percentage	61.6%
CEO tenure	30.3yrs
CEO ownership	0.9%
Management average tenure	23.5yrs
Board average tenure	21.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Edward Cheng's remuneration changed compared to Wing Tai Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	HK$24m	HK$15m	-HK$890m
Sep 30 2023	n/a	n/a	-HK$1b
Jun 30 2023	n/a	n/a	-HK$1b
Mar 31 2023	n/a	n/a	-HK$914m
Dec 31 2022	HK$23m	HK$14m	-HK$540m
Sep 30 2022	n/a	n/a	HK$250m
Jun 30 2022	n/a	n/a	HK$1b
Mar 31 2022	n/a	n/a	HK$947m
Dec 31 2021	HK$23m	HK$13m	HK$854m
Sep 30 2021	n/a	n/a	HK$427m
Jun 30 2021	n/a	n/a	-HK$500k
Mar 31 2021	n/a	n/a	-HK$337m
Dec 31 2020	n/a	n/a	-HK$674m
Sep 30 2020	n/a	n/a	-HK$567m
Jun 30 2020	n/a	n/a	-HK$459m
Mar 31 2020	n/a	n/a	-HK$110m
Dec 31 2019	HK$23m	HK$13m	HK$239m
Sep 30 2019	n/a	n/a	HK$364m
Jun 30 2019	n/a	n/a	HK$489m
Mar 31 2019	n/a	n/a	HK$901m
Dec 31 2018	HK$22m	HK$12m	HK$1b
Sep 30 2018	n/a	n/a	HK$2b
Jun 30 2018	n/a	n/a	HK$3b
Mar 31 2018	n/a	n/a	HK$2b
Dec 31 2017	HK$21m	HK$11m	HK$2b

Compensation vs Market: Edward's total compensation ($USD3.03M) is above average for companies of similar size in the German market ($USD1.02M).

Compensation vs Earnings: Edward's compensation has increased whilst the company is unprofitable.

CEO

Edward Cheng (67 yo)

30.3yrs

Tenure

HK$23,742,000

Compensation

Mr. Wai Sun Cheng, also known as Edward, G.B.S. J.P. serves as an Independent Non-Executive Director at The Hongkong and Shanghai Banking Corporation Limited since May 2023. He has been the Chief Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Wai-Chee Cheng	Executive Chairman	32.7yrs	HK$13.70m	1.09% HK$ 3.8m
Wai Sun Cheng	Deputy Chairman & Chief Executive	30.3yrs	HK$23.74m	0.94% HK$ 3.3m
Man Piu Cheng	Executive Director	32.7yrs	HK$25.00k	no data
Wai-Wai Chow	MD of Group Property Investment & Management Division and Executive Director	16.7yrs	HK$6.97m	0.81% HK$ 2.9m
Kar Wai Ng	MD of Group Property Division & Executive Director	9.3yrs	HK$10.06m	0.12% HK$ 432.0k
Ching Man Fung	Chief Financial Officer	no data	no data	no data
Siu Chung	Group Legal Counsel & Company Secretary	8.3yrs	no data	no data
Kan Fung Ling Li	Director of Corporate Development	no data	no data	no data
Michael Hamilton Hobson	Director & CEO of Lanson Place Hospitality Management Limited	no data	no data	no data
Chun Leung	Executive Director of China Investment & Corporate Advisor	no data	no data	no data

23.5yrs

Average Tenure

67yo

Average Age

Experienced Management: USH's management team is seasoned and experienced (23.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Wai-Chee Cheng	Executive Chairman	32.7yrs	HK$13.70m	1.09% HK$ 3.8m
Wai Sun Cheng	Deputy Chairman & Chief Executive	29.7yrs	HK$23.74m	0.94% HK$ 3.3m
Man Piu Cheng	Executive Director	32.7yrs	HK$25.00k	no data
Wai-Wai Chow	MD of Group Property Investment & Management Division and Executive Director	16.7yrs	HK$6.97m	0.81% HK$ 2.9m
Kar Wai Ng	MD of Group Property Division & Executive Director	9.3yrs	HK$10.06m	0.12% HK$ 432.0k
Michael Hamilton Hobson	Director & CEO of Lanson Place Hospitality Management Limited	no data	no data	no data
Simon Murray	Independent Non-Executive Director	30.1yrs	HK$455.00k	no data
Ping-Luen Kwok	Non-Executive Director	32.7yrs	HK$79.00k	no data
Tak Wai Ng	Independent Non-Executive Director	13yrs	HK$319.00k	0.12% HK$ 418.6k
Pak Cheung Hong	Non-Executive Director	21.6yrs	HK$79.00k	no data
Haider Hatam Tyebjee Barma	Independent Non-Executive Director	11.6yrs	HK$319.00k	no data
Kit Shing Yeung	Independent Non-Executive Director	19.6yrs	HK$455.00k	no data

21.6yrs

Average Tenure

70yo

Average Age

Experienced Board: USH's board of directors are seasoned and experienced ( 21.6 years average tenure).

Wing Tai Properties Management

Management criteria checks 2/4

Key information

Recent management updates

Wing Tai Properties Limited, Annual General Meeting, May 23, 2024

Wing Tai Properties Limited Announces Board Changes

Wing Tai Properties Limited Announces Demise of Mr. Cheng Hoi Chuen, Vincent, Independent Non-Executive Director and the Chairman of the Nomination Committee

Recent updates

Now 24% undervalued after recent price drop

Full year 2023 earnings released: HK$0.66 loss per share (vs HK$0.40 loss in FY 2022)

Final dividend of HK$0.08 announced

Wing Tai Properties Limited, Annual General Meeting, May 23, 2024

Full year 2023 earnings released: HK$0.66 loss per share (vs HK$0.40 loss in FY 2022)

Wing Tai Properties Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 20 June 2024

Wing Tai Properties Limited to Report Fiscal Year 2023 Results on Mar 21, 2024

Upcoming dividend of HK$0.06 per share at 8.1% yield

First half 2023 earnings released: HK$0.28 loss per share (vs HK$0.28 profit in 1H 2022)

Wing Tai Properties Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 06 October 2023

Wing Tai Properties Limited to Report First Half, 2023 Results on Aug 24, 2023

Upcoming dividend of HK$0.21 per share at 7.8% yield

Full year 2022 earnings released: HK$0.40 loss per share (vs HK$0.63 profit in FY 2021)

Wing Tai Properties Limited Announces Board Changes

Upcoming dividend of HK$0.06 per share

Wing Tai Properties Limited Announces Demise of Mr. Cheng Hoi Chuen, Vincent, Independent Non-Executive Director and the Chairman of the Nomination Committee

First half 2022 earnings released: EPS: HK$0.28 (vs HK$0.14 in 1H 2021)

Wing Tai Properties Limited Announces Interim Dividend for the Six Months Ended June 30, 2022, Payable on 06 October 2022

Wing Tai Properties Limited to Report First Half, 2022 Results on Aug 25, 2022

Upcoming dividend of HK$0.21 per share

Upcoming dividend of HK$0.21 per share

Full year 2020 earnings released: HK$0.50 loss per share (vs HK$0.18 profit in FY 2019)

Full year 2020 earnings released: HK$0.50 loss per share (vs HK$0.18 profit in FY 2019)

Wing Tai Properties Limited to Report Fiscal Year 2020 Results on Mar 25, 2021

New 90-day high: €0.41

New 90-day low: €0.35

New 90-day low: €0.37

New 90-day high: €0.44

First half earnings released

New 90-day low - €0.38

First half earnings released

Wing Tai Properties Limited to Report First Half, 2020 Results on Aug 28, 2020

New 90-day low - €0.40

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age