S P Setia Berhad Management

Management criteria checks 2/4

S P Setia Berhad's CEO is Kai Choong, appointed in Oct 2021, has a tenure of 2.5 years. total yearly compensation is MYR3.59M, comprised of 68.7% salary and 31.3% bonuses, including company stock and options. directly owns 0.01% of the company’s shares, worth MYR680.15K. The average tenure of the management team and the board of directors is 3.8 years and 1.8 years respectively.

Key information

Kai Choong

Chief executive officer

RM3.6m

Total compensation

CEO salary percentage	68.7%
CEO tenure	2.5yrs
CEO ownership	0.01%
Management average tenure	3.8yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

Why S P Setia Berhad (KLSE:SPSETIA) Could Be Worth Watching

Apr 22

S P Setia Berhad (KLSE:SPSETIA) Released Earnings Last Week And Analysts Lifted Their Price Target To RM1.12

Mar 31

S P Setia Berhad (KLSE:SPSETIA) Stocks Shoot Up 67% But Its P/E Still Looks Reasonable

Mar 28

S P Setia Berhad (KLSE:SPSETIA) Will Pay A Smaller Dividend Than Last Year

Mar 13

S P Setia Berhad (KLSE:SPSETIA) Just Reported And Analysts Have Been Lifting Their Price Targets

Mar 03

S P Setia Berhad's (KLSE:SPSETIA) Conservative Accounting Might Explain Soft Earnings

Nov 30

Does This Valuation Of S P Setia Berhad (KLSE:SPSETIA) Imply Investors Are Overpaying?

May 12

CEO Compensation Analysis

How has Kai Choong's remuneration changed compared to S P Setia Berhad's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	RM4m	RM2m	RM197m
Sep 30 2023	n/a	n/a	RM108m
Jun 30 2023	n/a	n/a	RM122m
Mar 31 2023	n/a	n/a	RM159m
Dec 31 2022	RM3m	RM2m	RM142m
Sep 30 2022	n/a	n/a	RM209m
Jun 30 2022	n/a	n/a	RM150m
Mar 31 2022	n/a	n/a	RM145m
Dec 31 2021	RM3m	RM616k	RM152m

Compensation vs Market: Kai's total compensation ($USD752.36K) is above average for companies of similar size in the MY market ($USD488.89K).

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

CEO

Kai Choong (62 yo)

2.5yrs

Tenure

RM3,587,000

Compensation

Datuk Kai Wai Choong serves as President, Chief Executive Officer and Executive Director at S P Setia Berhad since October 1, 2021. He served as Chief Executive Officer of Setia (Melbourne) Development Com...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kai Choong	President	2.5yrs	RM3.59m	0.010% MYR 680.1k
Annuar Bin Abdul Aziz	Chief Financial Officer	1.3yrs	no data	no data
Zaini Yusoff	Executive VP & Chief Operating Officer	less than a year	no data	no data
Chin Puar	Head of Corporate Finance	7.6yrs	no data	no data
Justine Jiew	Head of Investor Relations	no data	no data	no data
Azlina Baharom	Chief Legal Officer	3.8yrs	no data	no data
Adelene Wong	Head of Group Branding & Communications	no data	no data	no data
Nadiah Binti Abdullah	Chief Human Resources Officer	7.1yrs	no data	no data
Hiang Mui	General Counsel of Corporate Services	no data	no data	no data
Hon Tan	Executive Vice President	8.8yrs	no data	no data
Kim Saw	Executive Vice President	3.8yrs	no data	no data
Thou Ling	Executive Vice President	3.8yrs	no data	no data

3.8yrs

Average Tenure

54yo

Average Age

Experienced Management: SPSETIA's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kai Choong	President	2.5yrs	RM3.59m	0.010% MYR 680.1k
Syed Zainol Anwar Ibni Syed Jamalullail	Non-Independent & Non Executive Chairman	5.3yrs	RM975.00k	no data
Azmi Bin Mohd Ali	Non-Independent Non-Executive Director	8.1yrs	RM210.00k	no data
Merina Binti Abu Tahir	Independent Non-Executive Director	2.4yrs	RM297.00k	no data
Sheranjiv Sammanthan	Independent Non-Executive Director	1.8yrs	RM376.00k	no data
Puay Tan	Senior Independent Non-Executive Director	8.6yrs	RM369.00k	no data
Khairil Bin Ahmad	Independent & Non Executive Independent Director	less than a year	RM170.00k	no data
Fu Lim	Non-Independent Director	less than a year	no data	no data
Marina Binti Tunku Annuar	Independent Non Executive Director	1.8yrs	RM246.00k	no data
Wan Daneena Binti Wan Abdul Rahman	Independent Non-Executive Director	less than a year	RM106.00k	no data
Aida Binti Mohd Tazaai	Non-Independent Non-Executive Director	less than a year	no data	no data

1.8yrs

Average Tenure

60yo

Average Age

Experienced Board: SPSETIA's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

S P Setia Berhad Management

Management criteria checks 2/4

Key information

Recent management updates

S P Setia Berhad, Annual General Meeting, Apr 25, 2024

S P Setia Berhad Announces New Composition of Sustainability Committee, Effective 11 January 2024

S P Setia Berhad Announces Changes to Composition of Board Committees

S P Setia Berhad Announces Resignation Dato Zuraidah Binti Atan as Independent and Non Executive Director, Effective 17 Aug. 2023

S P Setia Berhad Appoints PUAN AIDA HAZRINA BINTI MOHD TAZAAI as Non Independent and Non Executive Alternate Director

S P Setia Berhad Announces Changes to Composition of Tender and Projects Committee

Recent updates

Why S P Setia Berhad (KLSE:SPSETIA) Could Be Worth Watching

Price target increased by 12% to RM1.21

S P Setia Berhad (KLSE:SPSETIA) Released Earnings Last Week And Analysts Lifted Their Price Target To RM1.12

Price target increased by 9.7% to RM1.12

S P Setia Berhad (KLSE:SPSETIA) Stocks Shoot Up 67% But Its P/E Still Looks Reasonable

S P Setia Berhad, Annual General Meeting, Apr 25, 2024

Upcoming dividend of RM0.013 per share

Investor sentiment improves as stock rises 17%

S P Setia Berhad (KLSE:SPSETIA) Will Pay A Smaller Dividend Than Last Year

Dividend reduced to RM0.013

S P Setia Berhad (KLSE:SPSETIA) Just Reported And Analysts Have Been Lifting Their Price Targets

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

Price target increased by 7.1% to RM0.98

Price target increased by 7.3% to RM0.95

S P Setia Berhad Announces New Composition of Sustainability Committee, Effective 11 January 2024

New minor risk - Shareholder dilution

S P Setia Berhad's (KLSE:SPSETIA) Conservative Accounting Might Explain Soft Earnings

Third quarter 2023 earnings released

When Should You Buy S P Setia Berhad (KLSE:SPSETIA)?

New minor risk - Share price stability

Price target increased by 7.8% to RM0.87

Investor sentiment improves as stock rises 16%

S P Setia Berhad Announces Changes to Composition of Board Committees

Price target increased by 20% to RM0.80

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: RM0.011 (vs RM0.02 in 2Q 2022)

S P Setia Berhad Announces Resignation Dato Zuraidah Binti Atan as Independent and Non Executive Director, Effective 17 Aug. 2023

S P Setia Berhad Appoints PUAN AIDA HAZRINA BINTI MOHD TAZAAI as Non Independent and Non Executive Alternate Director

Price target decreased by 9.2% to RM0.64

S P Setia Berhad Announces Changes to Composition of Tender and Projects Committee

S P Setia Berhad Announces Appointment of Datuk Zaini Bin Yusoff as Chief Operating Officer

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

High number of new directors

Upcoming dividend of RM0.015 per share at 2.5% yield

S P Setia Berhad's (KLSE:SPSETIA) Dividend Will Be Increased To MYR0.0147

Consensus EPS estimates increase by 13%

Full year 2022 earnings released: EPS: RM0.036 (vs RM0.037 in FY 2021)

Is S P Setia Berhad (KLSE:SPSETIA) A Risky Investment?

Should You Investigate S P Setia Berhad (KLSE:SPSETIA) At RM0.66?

S P Setia Berhad Announces CFO Changes

Third quarter 2022 earnings released: EPS: RM0.001 (vs RM0.014 loss in 3Q 2021)

Price target decreased to RM0.82

Now 21% undervalued after recent price drop

Calculating The Intrinsic Value Of S P Setia Berhad (KLSE:SPSETIA)

Now 22% undervalued after recent price drop

Is S P Setia Berhad (KLSE:SPSETIA) A Risky Investment?

Now 20% undervalued after recent price drop

S P Setia Berhad Announces Appointment of Dato' Zuraidah Binti Atan as Independent and Non Executive Member of Risk Committee, Effective September 1, 2022

Second quarter 2022 earnings released: EPS: RM0.02 (vs RM0.018 in 2Q 2021)

S P Setia Berhad Provides Sales Guidance for Second Half of 2022

S P Setia Berhad Announces Cessation of Dato’ Seri Koe Peng Kang as Chief Operating Officer

Calculating The Fair Value Of S P Setia Berhad (KLSE:SPSETIA)

Price target decreased to RM1.14

Is Now The Time To Look At Buying S P Setia Berhad (KLSE:SPSETIA)?

S P Setia Berhad Appoints Dato' Tengku Marina Binti Tunku Annuar as Independent and Non Executive Director

S P Setia Berhad Appoints Dato' Tengku Marina Binti Tunku Annuar as Independent and Non Executive Director

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

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

S P Setia Berhad, Annual General Meeting, Apr 27, 2022

S P Setia Berhad, Annual General Meeting, Apr 27, 2022

Investor sentiment deteriorated over the past week

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

S P Setia Berhad (KLSE:SPSETIA) Takes On Some Risk With Its Use Of Debt

Insufficient new directors

Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

When Should You Buy S P Setia Berhad (KLSE:SPSETIA)?

President, CEO & Director Chap Khor has left the company

Deputy President & COO Tuck Wong has left the company

Does S P Setia Berhad (KLSE:SPSETIA) Have A Healthy Balance Sheet?