Tungtex (Holdings) Company Limited

SEHK:518 Stock Report

Market Cap: HK$106.0m

Tungtex (Holdings) Management

Management criteria checks 3/4

Tungtex (Holdings)'s CEO is Raymond Tung, appointed in Jan 2018, has a tenure of 6.33 years. total yearly compensation is HK$2.75M, comprised of 80.5% salary and 19.5% bonuses, including company stock and options. directly owns 0.08% of the company’s shares, worth HK$84.60K. The average tenure of the management team and the board of directors is 6.3 years and 14.2 years respectively.

Key information

Raymond Tung

Chief executive officer

HK$2.7m

Total compensation

CEO salary percentage80.5%
CEO tenure6.3yrs
CEO ownership0.08%
Management average tenure6.3yrs
Board average tenure14.2yrs

Recent management updates

Recent updates

Tungtex (Holdings) (HKG:518) Is Experiencing Growth In Returns On Capital

Nov 17
Tungtex (Holdings) (HKG:518) Is Experiencing Growth In Returns On Capital

The Return Trends At Tungtex (Holdings) (HKG:518) Look Promising

Jun 13
The Return Trends At Tungtex (Holdings) (HKG:518) Look Promising

We Think Shareholders Are Less Likely To Approve A Pay Rise For Tungtex (Holdings) Company Limited's (HKG:518) CEO For Now

Aug 18
We Think Shareholders Are Less Likely To Approve A Pay Rise For Tungtex (Holdings) Company Limited's (HKG:518) CEO For Now

We're Not Counting On Tungtex (Holdings) (HKG:518) To Sustain Its Statutory Profitability

Jan 31
We're Not Counting On Tungtex (Holdings) (HKG:518) To Sustain Its Statutory Profitability

Is Tungtex (Holdings) (HKG:518) Using Debt Sensibly?

Dec 28
Is Tungtex (Holdings) (HKG:518) Using Debt Sensibly?

Michael Webb of Tungtex (Holdings) Company Limited (HKG:518) Just Spent HK$1.6m On Shares

Nov 21
Michael Webb of Tungtex (Holdings) Company Limited (HKG:518) Just Spent HK$1.6m On Shares

CEO Compensation Analysis

How has Raymond Tung's remuneration changed compared to Tungtex (Holdings)'s earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

HK$3m

Jun 30 2023n/an/a

HK$11m

Mar 31 2023HK$3mHK$2m

HK$20m

Dec 31 2022n/an/a

HK$16m

Sep 30 2022n/an/a

HK$12m

Jun 30 2022n/an/a

-HK$7m

Mar 31 2022HK$3mHK$2m

-HK$26m

Dec 31 2021n/an/a

-HK$21m

Sep 30 2021n/an/a

-HK$16m

Jun 30 2021n/an/a

HK$120m

Mar 31 2021HK$3mHK$2m

HK$256m

Dec 31 2020n/an/a

HK$222m

Sep 30 2020n/an/a

HK$187m

Jun 30 2020n/an/a

HK$52m

Mar 31 2020HK$2mHK$2m

-HK$84m

Dec 31 2019n/an/a

-HK$76m

Sep 30 2019n/an/a

-HK$69m

Jun 30 2019n/an/a

-HK$81m

Mar 31 2019HK$2mHK$2m

-HK$94m

Dec 31 2018n/an/a

-HK$79m

Sep 30 2018n/an/a

-HK$64m

Jun 30 2018n/an/a

-HK$56m

Mar 31 2018HK$2mHK$2m

-HK$47m

Compensation vs Market: Raymond's total compensation ($USD351.54K) is above average for companies of similar size in the Hong Kong market ($USD232.65K).

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

CEO

Raymond Tung (58 yo)

6.3yrs

Tenure

HK$2,746,000

Compensation

Mr. Wai Man Tung, also known as Raymond, has been Managing Director of Tungtex (Holdings) Company Limited since January 12, 2018. Mr. Tung has been a Director of Tungtex (Holdings) Company Limited since 20...

Leadership Team

NamePositionTenureCompensationOwnership
Hau Man Tung
Executive Chairman14.2yrsHK$3.50m0.36%
HK$ 376.9k
Wai Man Tung
MD & Executive Director6.3yrsHK$2.75m0.080%
HK$ 84.6k
Chung Man Tung
MD of the Group Retail Operation & Vice Chairman of the Board14.2yrsHK$3.35m0.68%
HK$ 717.3k
Yiu Shan Cheung
Chief Financial Officer7.8yrsno datano data
Kam Fai Cheng
Human Resources Directorno datano datano data
Pui Wai Chan
Group Treasurer and Assistant General Managerno datano datano data
Pui Ki Chu
Company Secretary3.1yrsno datano data

6.3yrs

Average Tenure

53yo

Average Age

Experienced Management: 518's management team is seasoned and experienced (6.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hau Man Tung
Executive Chairman14.2yrsHK$3.50m0.36%
HK$ 376.9k
Wai Man Tung
MD & Executive Director24.3yrsHK$2.75m0.080%
HK$ 84.6k
Chung Man Tung
MD of the Group Retail Operation & Vice Chairman of the Board14.2yrsHK$3.35m0.68%
HK$ 717.3k
Siu Mei Lee
Independent Non-Executive Director2yrsHK$147.00kno data
Chung Kay Chang
Independent Non-Executive Director30.3yrsHK$190.00k0.85%
HK$ 903.5k
Ming Kim Yau
Independent & Non-Executive Director17.7yrsHK$220.00kno data
Ki Lok Yuen
Independent Non-Executive Director5.8yrsHK$190.00kno data
Wing Sang Yu
Independent Non-Executive Director3.1yrsHK$100.00kno data

14.2yrs

Average Tenure

52.5yo

Average Age

Experienced Board: 518's board of directors are seasoned and experienced ( 14.2 years average tenure).

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