Increases to CEO Compensation Might Be Put On Hold For Now at Golden Land Berhad (KLSE:GLBHD)

Key Insights

• Golden Land Berhad to hold its Annual General Meeting on 27th of November
• CEO Phing Yap's total compensation includes salary of RM1.46m
• The total compensation is 141% higher than the average for the industry
• Over the past three years, Golden Land Berhad's EPS grew by 45% and over the past three years, the total loss to shareholders 20%

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The underwhelming share price performance of Golden Land Berhad (KLSE:GLBHD) in the past three years would have disappointed many shareholders. However, what is unusual is that EPS growth has been positive, suggesting that the share price has diverged from fundamentals. The AGM coming up on the 27th of November could be an opportunity for shareholders to bring these concerns to the board's attention. They could also influence management through voting on resolutions such as executive remuneration. We discuss below why we think shareholders should be cautious of approving a raise for the CEO at the moment.

Check out our latest analysis for Golden Land Berhad

Comparing Golden Land Berhad's CEO Compensation With The Industry

According to our data, Golden Land Berhad has a market capitalization of RM51m, and paid its CEO total annual compensation worth RM1.8m over the year to June 2025. This means that the compensation hasn't changed much from last year. Notably, the salary which is RM1.46m, represents most of the total compensation being paid.

For comparison, other companies in the Malaysian Real Estate industry with market capitalizations below RM831m, reported a median total CEO compensation of RM757k. Accordingly, our analysis reveals that Golden Land Berhad pays Phing Yap north of the industry median. What's more, Phing Yap holds RM18m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Speaking on an industry level, nearly 76% of total compensation represents salary, while the remainder of 24% is other remuneration. Although there is a difference in how total compensation is set, Golden Land Berhad more or less reflects the market in terms of setting the salary. If salary is the major component in total compensation, it suggests that the CEO receives a higher fixed proportion of the total compensation, regardless of performance.

A Look at Golden Land Berhad's Growth Numbers

Golden Land Berhad's earnings per share (EPS) grew 45% per year over the last three years. Its revenue is up 33% over the last year.

This demonstrates that the company has been improving recently and is good news for the shareholders. It's great to see that revenue growth is strong, too. These metrics suggest the business is growing strongly. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has Golden Land Berhad Been A Good Investment?

Since shareholders would have lost about 20% over three years, some Golden Land Berhad investors would surely be feeling negative emotions. So shareholders would probably want the company to be less generous with CEO compensation.

In Summary...

Despite the growth in its earnings, the share price decline in the past three years is certainly concerning. The stock's movement is disjointed with the company's earnings growth, which ideally should move in the same direction. Shareholders would be keen to know what's holding the stock back when earnings have grown. These concerns should be addressed at the upcoming AGM, where shareholders can question the board and evaluate if their judgement and decision making is still in line with their expectations.

CEO compensation is an important area to keep your eyes on, but we've also need to pay attention to other attributes of the company. We identified 2 warning signs for Golden Land Berhad (1 is significant!) that you should be aware of before investing here.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.