Advancecon Holdings Berhad Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Phum Kia

Chief executive officer

RM 1.4m

Total compensation

CEO salary percentage	81.4%
CEO tenure	27.2yrs
CEO ownership	17.0%
Management average tenure	1.3yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

Is Advancecon Holdings Berhad (KLSE:ADVCON) A Risky Investment?

Sep 18

Here's Why Advancecon Holdings Berhad (KLSE:ADVCON) Can Afford Some Debt

Jun 17

At RM0.29, Is It Time To Put Advancecon Holdings Berhad (KLSE:ADVCON) On Your Watch List?

Mar 09

Is It Too Late To Consider Buying Advancecon Holdings Berhad (KLSE:ADVCON)?

Nov 05

One Advancecon Holdings Berhad (KLSE:ADVCON) Analyst Just Made A Major Cut To Next Year's Estimates

Jun 16

Returns On Capital At Advancecon Holdings Berhad (KLSE:ADVCON) Paint A Concerning Picture

Jun 13

Does Advancecon Holdings Berhad (KLSE:ADVCON) Have A Healthy Balance Sheet?

Feb 26

The Trends At Advancecon Holdings Berhad (KLSE:ADVCON) That You Should Know About

Jan 18

Advancecon Holdings Berhad (KLSE:ADVCON) Has A Pretty Healthy Balance Sheet

Nov 27

CEO Compensation Analysis

How has Phum Kia's remuneration changed compared to Advancecon Holdings Berhad's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-RM 49m
Dec 31 2023	RM 1m	RM 1m	-RM 34m
Sep 30 2023	n/a	n/a	-RM 22m
Jun 30 2023	n/a	n/a	-RM 21m
Mar 31 2023	n/a	n/a	-RM 21m
Dec 31 2022	RM 1m	RM 1m	-RM 23m
Sep 30 2022	n/a	n/a	RM 755k
Jun 30 2022	n/a	n/a	RM 2m
Mar 31 2022	n/a	n/a	-RM 1m
Dec 31 2021	RM 1m	RM 1m	RM 2m
Sep 30 2021	n/a	n/a	RM 4m
Jun 30 2021	n/a	n/a	RM 5m
Mar 31 2021	n/a	n/a	RM 998k
Dec 31 2020	RM 1m	RM 1m	RM 2m
Sep 30 2020	n/a	n/a	RM 1m
Jun 30 2020	n/a	n/a	RM 672k
Mar 31 2020	n/a	n/a	RM 11m
Dec 31 2019	RM 2m	RM 1m	RM 11m
Sep 30 2019	n/a	n/a	RM 11m
Jun 30 2019	n/a	n/a	RM 10m
Mar 31 2019	n/a	n/a	RM 10m
Dec 31 2018	RM 1m	RM 1m	RM 11m
Sep 30 2018	n/a	n/a	RM 9m
Jun 30 2018	n/a	n/a	RM 10m
Mar 31 2018	n/a	n/a	RM 14m
Dec 31 2017	RM 1m	RM 984k	RM 18m

Compensation vs Market: Phum's total compensation ($USD298.62K) is above average for companies of similar size in the MY market ($USD105.22K).

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

CEO

Phum Kia (66 yo)

27.2yrs

Tenure

RM 1,408,781

Compensation

Mr. Phum Ang Kia serves as Group Chief Executive Officer at Advancecon Holdings Berhad since 2020 and also serves as its Executive Director since April 09, 1997. Mr. Kia is responsible for Advancecon Holdi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Phum Kia	Group CEO & Executive Director	no data	RM 1.41m	16.98% MYR 26.4m
Chee Tan	Group Chief Financial Officer	less than a year	no data	no data
Kai Tung	Executive Director	no data	RM 597.74k	1.7% MYR 2.6m
Tiong Lim	Member of Risk Management & Sustainability Committee	no data	no data	1.83% MYR 2.8m
Tong Tan	Company Secretary	no data	no data	no data
Lee Thien	Company Secretary	5.8yrs	no data	no data
Ven Low	Company Secretary	1.3yrs	no data	no data

1.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: ADVCON's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Phum Kia	Group CEO & Executive Director	27.2yrs	RM 1.41m	16.98% MYR 26.4m
Kai Tung	Executive Director	7.8yrs	RM 597.74k	1.7% MYR 2.6m
Tiong Lim	Member of Risk Management & Sustainability Committee	no data	no data	1.83% MYR 2.8m
Chong Yeoh	Independent Non-Executive Chairman	7.8yrs	RM 114.16k	no data
Mohd Bin Othman	Independent Non-Executive Director	7.8yrs	RM 85.48k	no data
Priya Jananee	Independent & Non-Executive Director	less than a year	RM 13.71k	no data

7.8yrs

Average Tenure

63.5yo

Average Age

Experienced Board: ADVCON's board of directors are considered experienced (7.8 years average tenure).

Advancecon Holdings Berhad Management

Management criteria checks 1/4

Key information

Recent management updates

Advancecon Holdings Berhad Appoints Tan Chee Keong as Group Chief Financial Officer

Advancecon Holdings Berhad, Annual General Meeting, Jun 13, 2024

Less than half of directors are independent

Advancecon Holdings Berhad Announces Appointment of Roger Chin Chew Choy as Executive Member of Risk Committee

Advancecon Holdings Berhad Appoints Jananee Priya A/P Gopal as Independent and Non Executive Member of Audit Committee, Effective October 1, 2023

Insufficient new directors

Recent updates

First quarter 2024 earnings released: RM0.025 loss per share (vs RM0 in 1Q 2023)

New major risk - Revenue and earnings growth

Advancecon Holdings Berhad Appoints Tan Chee Keong as Group Chief Financial Officer

Advancecon Holdings Berhad, Annual General Meeting, Jun 13, 2024

Price target decreased by 8.7% to RM0.21

Full year 2023 earnings released: RM0.061 loss per share (vs RM0.048 loss in FY 2022)

Less than half of directors are independent

Advancecon Holdings Berhad Announces Appointment of Roger Chin Chew Choy as Executive Member of Risk Committee

Third quarter 2023 earnings released: RM0.001 loss per share (vs RM0.001 profit in 3Q 2022)

Advancecon Holdings Berhad Appoints Jananee Priya A/P Gopal as Independent and Non Executive Member of Audit Committee, Effective October 1, 2023

Is Advancecon Holdings Berhad (KLSE:ADVCON) A Risky Investment?

Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.001 in 2Q 2022)

Insufficient new directors

Advancecon Holdings Berhad Announces Cessation of Office of Miss Lee Elaine as Independent and Non Executive Chairman of Risk Committee

New minor risk - Share price stability

Here's Why Advancecon Holdings Berhad (KLSE:ADVCON) Can Afford Some Debt

Advancecon Holdings Berhad Announces Resignation of Yeo an Thai as Executive Member of Risk Committee

First quarter 2023 earnings released: EPS: RM0 (vs RM0.004 loss in 1Q 2022)

Full year 2022 earnings released: RM0.045 loss per share (vs RM0.005 profit in FY 2021)

Advancecon Holdings Berhad Appoints Lee Elaine as Chairman of Risk Committee

Advancecon Holdings Berhad Appoints Lee Elaine as Member of Nomination Committee and Independent and Non Executive

Third quarter 2022 earnings released: EPS: RM0.001 (vs RM0.005 in 3Q 2021)

Price target decreased to RM0.28

Less than half of directors are independent

Advancecon Holdings Berhad Announces Demise of Encik Fathi Ridzuan Bin Ahmad Fauzi, Independent and Non-Executive Chairman of Risk Committee

Second quarter 2022 earnings released: EPS: RM0.001 (vs RM0.006 loss in 2Q 2021)

Advancecon Holdings Berhad Announces Removal of Lim Swee Chai as Non Independent and Non Executive Non-Independent Director

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Advancecon Holdings Announces Redesignation of Lim Swee Chai, Executive Director to Non-Independent Director

Advancecon Holdings Berhad, Annual General Meeting, Jun 16, 2022

Price target decreased to RM0.40

Less than half of directors are independent

At RM0.29, Is It Time To Put Advancecon Holdings Berhad (KLSE:ADVCON) On Your Watch List?

Full year 2021 earnings: EPS and revenues miss analyst expectations

Price target decreased to RM0.40

Advancecon Holdings Berhad (KLSE:ADVCON) completed the acquisition of 51% stake in Spring Energy Resources Berhad from Fook Hua Holdings Sdn. Bhd.

Third quarter 2021 earnings released: EPS RM0.005 (vs RM0.008 in 3Q 2020)

Is It Too Late To Consider Buying Advancecon Holdings Berhad (KLSE:ADVCON)?

Second quarter 2021 earnings released: RM0.006 loss per share (vs RM0.017 loss in 2Q 2020)

Advancecon Holdings Berhad (KLSE:ADVCON) entered into a conditional share sale agreement to acquire 51% stake in Spring Energy Resources Berhad from Fook Hua Holdings Sdn. Bhd. for MYR 27.9 million.

Consensus revenue estimates fall to RM264.0m

One Advancecon Holdings Berhad (KLSE:ADVCON) Analyst Just Made A Major Cut To Next Year's Estimates

Returns On Capital At Advancecon Holdings Berhad (KLSE:ADVCON) Paint A Concerning Picture

First quarter 2021 earnings released: EPS RM0.003 (vs RM0.005 in 1Q 2020)

New 90-day high: RM0.40

Does Advancecon Holdings Berhad (KLSE:ADVCON) Have A Healthy Balance Sheet?

Full year 2020 earnings released: EPS RM0.005 (vs RM0.027 in FY 2019)

Revenue and earnings beat expectations

The Trends At Advancecon Holdings Berhad (KLSE:ADVCON) That You Should Know About

New 90-day low: RM0.34

Upcoming Dividend of RM0.01 Per Share

Advancecon Holdings Berhad (KLSE:ADVCON) Has A Pretty Healthy Balance Sheet

Third quarter 2020 earnings released: EPS RM0.008

New 90-day low: RM0.35

First half earnings released

New 90-day low - RM0.35

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age