Tiong Seng Holdings Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Sim Tee Pay

Chief executive officer

S$792.0k

Total compensation

CEO salary percentage	88.0%
CEO tenure	4.3yrs
CEO ownership	n/a
Management average tenure	4.3yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

Statutory Earnings May Not Be The Best Way To Understand Tiong Seng Holdings' (SGX:BFI) True Position

Aug 19

Tiong Seng Holdings' (SGX:BFI) Stock Price Has Reduced 60% In The Past Three Years

Dec 13

CEO Compensation Analysis

How has Sim Tee Pay's remuneration changed compared to Tiong Seng Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	S$8m
Mar 31 2024	n/a	n/a	-S$2m
Dec 31 2023	S$792k	S$697k	-S$12m
Sep 30 2023	n/a	n/a	-S$34m
Jun 30 2023	n/a	n/a	-S$56m
Mar 31 2023	n/a	n/a	-S$71m
Dec 31 2022	S$707k	S$701k	-S$85m
Sep 30 2022	n/a	n/a	-S$90m
Jun 30 2022	n/a	n/a	-S$96m
Mar 31 2022	n/a	n/a	-S$73m
Dec 31 2021	S$693k	S$672k	-S$50m
Sep 30 2021	n/a	n/a	-S$36m
Jun 30 2021	n/a	n/a	-S$21m
Mar 31 2021	n/a	n/a	-S$27m
Dec 31 2020	n/a	n/a	-S$32m
Sep 30 2020	n/a	n/a	-S$14m
Jun 30 2020	n/a	n/a	-S$1m
Mar 31 2020	n/a	n/a	S$5m
Dec 31 2019	S$568k	S$403k	S$11m
Sep 30 2019	n/a	n/a	S$6m
Jun 30 2019	n/a	n/a	S$5m
Mar 31 2019	n/a	n/a	S$5m
Dec 31 2018	S$649k	S$389k	S$9m
Sep 30 2018	n/a	n/a	S$21m
Jun 30 2018	n/a	n/a	S$31m
Mar 31 2018	n/a	n/a	S$38m
Dec 31 2017	S$661k	S$370k	S$34m

Compensation vs Market: Sim Tee's total compensation ($USD600.21K) is above average for companies of similar size in the SG market ($USD383.75K).

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

CEO

Sim Tee Pay (73 yo)

4.3yrs

Tenure

S$792,000

Compensation

Mr. Sim Tee Pay has been an Executive Director of Tiong Seng Holdings Limited since February 24, 2010 and serves as its Chief Executive Officer since August 1, 2020. Mr. Pay serves as an Executive Directo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sim Tee Pay	CEO & Executive Director	4.3yrs	S$792.00k	no data
Zhi Kai Pek	Executive Director	3.3yrs	S$345.42k	no data
Yoke Lin Wun	Chief Financial Officer	1.3yrs	no data	no data
Andrew Khng	Head of Administration	no data	no data	0.36% SGD 126.8k
Dien Kee Pek	Head of Asset Management	14.8yrs	no data	no data
Jin Wui Lim	Executive Director of Tiong Seng Engineering Solutions Pte. Ltd	no data	no data	no data
Chee Hwa Lim	Executive Director of Tiong Seng Contractors Pte Ltd	no data	no data	no data
Foon Kuen Lai	Company Secretary	9.3yrs	no data	no data

4.3yrs

Average Tenure

66.5yo

Average Age

Experienced Management: BFI's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sim Tee Pay	CEO & Executive Director	14.8yrs	S$792.00k	no data
Zhi Kai Pek	Executive Director	3.3yrs	S$345.42k	no data
Jin Wui Lim	Executive Director of Tiong Seng Engineering Solutions Pte. Ltd	no data	no data	no data
Chee Hwa Lim	Executive Director of Tiong Seng Contractors Pte Ltd	no data	no data	no data
Ho Pin Teo	Independent Non-Executive Chairman	4.1yrs	S$70.00k	no data
Kim Beng Ng	Independent Non-Executive Director	less than a year	no data	no data
Yew Lee	Non-Executive Non-Independent Director	no data	no data	no data

3.3yrs

Average Tenure

64yo

Average Age

Experienced Board: BFI's board of directors are considered experienced (3.3 years average tenure).

Tiong Seng Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Tiong Seng Holdings Limited Announces Resignation of Lee It Hoe as Non-Executive Non-Independent Director, Member of the Audit Committee and Remuneration Committee

Tiong Seng Holdings Limited Announces Board Changes

Less than half of directors are independent

Tiong Seng Holdings Limited, Annual General Meeting, Apr 30, 2024

Tiong Seng Holdings Limited Announces CFO Changes, Effective August 1, 2023

Less than half of directors are independent

Recent updates

Tiong Seng Holdings Limited Announces Resignation of Lee It Hoe as Non-Executive Non-Independent Director, Member of the Audit Committee and Remuneration Committee

Statutory Earnings May Not Be The Best Way To Understand Tiong Seng Holdings' (SGX:BFI) True Position

First half 2024 earnings released: EPS: S$0.011 (vs S$0.035 loss in 1H 2023)

Does Tiong Seng Holdings (SGX:BFI) Have A Healthy Balance Sheet?

Tiong Seng Holdings Limited Announces Board Changes

Less than half of directors are independent

Tiong Seng Holdings Limited, Annual General Meeting, Apr 30, 2024

New minor risk - Financial data availability

Does Tiong Seng Holdings (SGX:BFI) Have A Healthy Balance Sheet?

First half 2023 earnings released: S$0.035 loss per share (vs S$0.10 loss in 1H 2022)

Tiong Seng Holdings Limited Announces CFO Changes, Effective August 1, 2023

Less than half of directors are independent

Less than half of directors are independent

Tiong Seng Holdings Limited Announce Re-Designation of Teo Ho Pin Non-Executive Chairman, Effective 30 June 2023

Full year 2022 earnings released: S$0.19 loss per share (vs S$0.11 loss in FY 2021)

Is Tiong Seng Holdings (SGX:BFI) Weighed On By Its Debt Load?

Full year 2022 earnings released: S$0.19 loss per share (vs S$0.11 loss in FY 2021)

Tiong Seng Holdings Limited Announces Cessation of Chew Chong Yong as Chief Financial Officer

Is Tiong Seng Holdings (SGX:BFI) Weighed On By Its Debt Load?

First half 2022 earnings released: S$0.10 loss per share (vs S$0.003 profit in 1H 2021)

Tiong Seng Holdings Limited Provides Consolidated Earnings Guidance for the Half Year Ended June 30, 2022

Tiong Seng Holdings Limited Announces Establishment of the Board Risks, Environment, Social and Governance Committee

Tiong Seng Holdings Limited Approves First and Final Dividend for the Year Ended 31 December 2021

Tiong Seng Holdings Limited Announces CFO Changes

Health Check: How Prudently Does Tiong Seng Holdings (SGX:BFI) Use Debt?

Tiong Seng Holdings Limited Announces First and Final 1-Tier Tax-Exempt Dividend for the Year Ended December 31, 2021

Is Tiong Seng Holdings (SGX:BFI) Using Too Much Debt?

Full year 2020 earnings released: S$0.072 loss per share (vs S$0.024 profit in FY 2019)

Full year 2020 earnings released: S$0.072 loss per share (vs S$0.024 profit in FY 2019)

Will the Promising Trends At Tiong Seng Holdings (SGX:BFI) Continue?

Tiong Seng Holdings' (SGX:BFI) Stock Price Has Reduced 60% In The Past Three Years

Tiong Seng Holdings Limited Appoints Teo Ho Pin as Member of the Audit Committee

Tiong Seng Holdings Limited Appoints Teo Ho Pin as Independent Board Director, effective October 15, 2020

First half earnings released

Tiong Seng Holdings Limited to Report First Half, 2020 Results on Aug 14, 2020

Tiong Seng Holdings Limited Announces Cessation of Pek Lian Guan as Chief Executive Officer

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age