Farlim Group (Malaysia) Bhd Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Gait Tong Lim

Chief executive officer

RM 556.3k

Total compensation

CEO salary percentage	94.4%
CEO tenure	42.7yrs
CEO ownership	0.008%
Management average tenure	1.4yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gait Tong Lim's remuneration changed compared to Farlim Group (Malaysia) Bhd's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-RM 13m
Mar 31 2024	n/a	n/a	-RM 8m
Dec 31 2023	RM 556k	RM 525k	-RM 7m
Sep 30 2023	n/a	n/a	-RM 22m
Jun 30 2023	n/a	n/a	-RM 23m
Mar 31 2023	n/a	n/a	-RM 16m
Dec 31 2022	RM 541k	RM 525k	-RM 11m
Sep 30 2022	n/a	n/a	RM 5m
Jun 30 2022	n/a	n/a	RM 6m
Mar 31 2022	n/a	n/a	-RM 420k
Dec 31 2021	RM 572k	RM 525k	-RM 6m
Sep 30 2021	n/a	n/a	-RM 6m
Jun 30 2021	n/a	n/a	-RM 6m
Mar 31 2021	n/a	n/a	-RM 5m
Dec 31 2020	RM 596k	RM 525k	-RM 5m
Sep 30 2020	n/a	n/a	-RM 5m
Jun 30 2020	n/a	n/a	-RM 6m
Mar 31 2020	n/a	n/a	-RM 7m
Dec 31 2019	n/a	n/a	-RM 7m
Sep 30 2019	n/a	n/a	-RM 6m
Jun 30 2019	n/a	n/a	-RM 5m
Mar 31 2019	n/a	n/a	-RM 572k
Dec 31 2018	RM 646k	RM 525k	-RM 687k
Sep 30 2018	n/a	n/a	RM 9k
Jun 30 2018	n/a	n/a	RM 5m
Mar 31 2018	n/a	n/a	RM 3m
Dec 31 2017	RM 379k	RM 225k	RM 8m

Compensation vs Market: Gait Tong's total compensation ($USD124.50K) is about average for companies of similar size in the MY market ($USD107.97K).

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

CEO

Gait Tong Lim (81 yo)

42.7yrs

Tenure

RM 556,250

Compensation

Tan Sri Dato’ Seri. Gait Tong Lim serves as the Chairman, Chief Executive Officer and Managing Director of Farlim Group Malaysia Bhd. He served as Managing Director of Farlim Group Malaysia Bhd. He started...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gait Tong Lim	Chairman	no data	RM 556.25k	0.0078% MYR 2.5k
Mohamed Bin Kuppa Pitchai Rawther	Deputy Chairman	42.5yrs	RM 525.00k	0.0078% MYR 2.5k
Chu Dick Lim	Executive Director	1.4yrs	RM 149.73k	no data
Hon Wong	Deputy Chief Executive	1.7yrs	RM 323.00k	no data
Li Lim	Joint Company Secretary	1.4yrs	no data	no data
Mee Kiat Wong	Joint Company Secretary	1.4yrs	no data	no data

1.4yrs

Average Tenure

61yo

Average Age

Experienced Management: FARLIM's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Gait Tong Lim	Chairman	42.7yrs	RM 556.25k	0.0078% MYR 2.5k
Mohamed Bin Kuppa Pitchai Rawther	Deputy Chairman	42.5yrs	RM 525.00k	0.0078% MYR 2.5k
Chu Dick Lim	Executive Director	1.4yrs	RM 149.73k	no data
Amran Bin Ahmad	Independent & Non Executive Director	1.4yrs	RM 23.94k	no data
Adlina Binti Zainol Abidin	Independent & Non-Executive Director	9.6yrs	RM 45.60k	0.025% MYR 8.0k
Hooi Koay	Independent Non Executive Director	1.3yrs	RM 16.06k	no data

5.5yrs

Average Tenure

59yo

Average Age

Experienced Board: FARLIM's board of directors are considered experienced (5.5 years average tenure).

Farlim Group (Malaysia) Bhd Management

Management criteria checks 2/4

Key information

Recent management updates

Farlim Group (Malaysia) Bhd., Annual General Meeting, Jun 26, 2024

Farlim Group (Malaysia) Bhd. Announces the Resignation of Wong Hon Weng as Executive Member of Risk Committee

Less than half of directors are independent

Farlim Group (Malaysia) Bhd. Announces Redesignation of Encik Amran Bin Ahmad from Independent and Non Executive Member of Nomination Committee to Independent and Non Executive Chairman of Nomination Committee

Farlim Group (Malaysia) Bhd. Appoints Wong Mee Kiat as Joint Company Secretary

Farlim Group (Malaysia) Bhd. Announces the Re-Designation of Mr. Koay Say Loke Andrew as Non-Independent Director

Recent updates

New minor risk - Share price stability

First quarter 2024 earnings released: RM0.013 loss per share (vs RM0.008 loss in 1Q 2023)

Farlim Group (Malaysia) Bhd., Annual General Meeting, Jun 26, 2024

Farlim Group (Malaysia) Bhd. (KLSE:FARLIM) completed the acquisition of 35% stake in Entity Consolidated Sdn. Bhd from Tan Sri Dato' Seri Lim Gait Tong, Puan Sri Datin Seri Chin Chew Lin, Lim Chu Dick and Joanne Lim for MYR 5.6 million

Full year 2023 earnings released: RM0.045 loss per share (vs RM0.07 loss in FY 2022)

Farlim Group (Malaysia) Bhd. Announces the Resignation of Wong Hon Weng as Executive Member of Risk Committee

Third quarter 2023 earnings released: RM0.012 loss per share (vs RM0.016 loss in 3Q 2022)

Less than half of directors are independent

Second quarter 2023 earnings released: RM0.01 loss per share (vs RM0.035 profit in 2Q 2022)

Farlim Group (Malaysia) Bhd. Announces Redesignation of Encik Amran Bin Ahmad from Independent and Non Executive Member of Nomination Committee to Independent and Non Executive Chairman of Nomination Committee

Farlim Group (Malaysia) Bhd. Appoints Wong Mee Kiat as Joint Company Secretary

New minor risk - Share price stability

Farlim Group (Malaysia) Bhd. Announces the Re-Designation of Mr. Koay Say Loke Andrew as Non-Independent Director

First quarter 2023 earnings released: RM0.008 loss per share (vs RM0.025 profit in 1Q 2022)

Less than half of directors are independent

Full year 2022 earnings released: EPS: RM0.028 (vs RM0.13 loss in FY 2021)

Farlim Group (Malaysia) Bhd. Announces Retirement of Kwong Yook Faan as Company Secretary, Effective January 1, 2023

Farlim's Dormant Subsidiary Submits Strike-Off Application to Suruhanjaya Syarikat Malaysia

Summer Salute Sdn. Bhd. completed the acquisition of Bandar Subang Sdn. Bhd. from Farlim Group (Malaysia) Bhd. (KLSE:FARLIM).

Second quarter 2022 earnings released: EPS: RM0.035 (vs RM0.008 loss in 2Q 2021)

High number of new directors

Summer Salute Sdn. Bhd. agreed to acquire Bandar Subang Sdn. Bhd. from Farlim Group (Malaysia) Bhd. (KLSE:FARLIM) for MYR 11.5 million.

First quarter 2022 earnings released: EPS: RM0.025 (vs RM0.012 loss in 1Q 2021)

Farlim Group (Malaysia) Bhd., Annual General Meeting, Jun 23, 2022

Insufficient new directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

First quarter 2021 earnings released: RM0.012 loss per share (vs RM0.012 loss in 1Q 2020)

New 90-day high: RM0.33

Full year 2020 earnings released: RM0.033 loss per share (vs RM0.04 loss in FY 2019)

New 90-day high: RM0.30

New 90-day high: RM0.29

Third quarter 2020 earnings released: RM0.007 loss per share

New 90-day high: RM0.28

New 90-day low: RM0.23

New 90-day low: RM0.23

First half earnings released

New 90-day high - RM0.28

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age