QAF Management

Management criteria checks 2/4

QAF's CEO is Kejian Lin, appointed in Jan 2017, has a tenure of 17.08 years. directly owns 0.94% of the company’s shares, worth SGD4.53M. The average tenure of the management team and the board of directors is 8 years and 3.7 years respectively.

Key information

Kejian Lin

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	8yrs
CEO ownership	0.9%
Management average tenure	8yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO

Kejian Lin (45 yo)

8yrs

Tenure

Mr. Kejian Lin (Previously known as Daniel Halim) has been Joint Group Managing Director of QAF Limited since January 1, 2017. Mr. Kejian served as Deputy Group Managing Director of QAF Limited from Septem...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kejian Lin	Joint Group MD & Executive Director	8yrs	no data	0.94% SGD 4.5m
Michael Darren Hewat	Joint Group MD & Director	1.7yrs	no data	0.0057% SGD 27.6k
Teck Hui Loh	Chief Financial Officer	1.6yrs	no data	no data
Li-Wen Yeo	Group Legal Counsel & Company Secretary	8yrs	no data	no data
Kheng Beng Cheong	Consultant	2.8yrs	no data	no data
Teh Chuen Tarn	Head of Treasury	27yrs	S$786.00k	no data
Cher Siang Ng	Managing Director of Gardenia Foods (S) Pte Ltd	12.7yrs	no data	no data
Chin Huat Koh	Chief Executive Officer of Gardenia Malaysia	9.6yrs	no data	no data
Chin Chin Wong	Group Financial Controller	5.7yrs	no data	no data

8.0yrs

Average Tenure

64yo

Average Age

Experienced Management: Q01's management team is seasoned and experienced (8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kejian Lin	Joint Group MD & Executive Director	17.1yrs	no data	0.94% SGD 4.5m
Michael Darren Hewat	Joint Group MD & Director	1.6yrs	no data	0.0057% SGD 27.6k
Liat Kok Yeo	Independent Non-Executive Vice Chairman of the Board	2.2yrs	S$300.00k	no data
Ka Cheung Ip	Independent Non-Executive Director	3.7yrs	S$70.00k	no data
Dawn Pamela Lum	Independent Non Executive Director	8.9yrs	S$100.76k	no data
Teck Kwong Chee	Independent Non-Executive Director	3.7yrs	S$66.25k	no data
Sing Chung Lam	Non-Independent Non-Executive Chairman	21.3yrs	no data	51.43% SGD 248.5m
Wee Lee Loh	Independent Non-Executive Director	less than a year	no data	no data
Yuan Fang Liem	Alternate Director	7yrs	no data	0.075% SGD 363.6k
Hwee Peng Lian	Independent Non-Executive Director	2.7yrs	S$60.00k	no data
Syee Chia Aw	Non-Executive & Independent Director	1.4yrs	S$15.81k	no data

3.7yrs

Average Tenure

69yo

Average Age

Experienced Board: Q01's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 04:28
End of Day Share Price	2025/01/02 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

QAF Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Germaine Khong	DBS Vickers Research
Jodie Foo	OCBC Investment Research Pte Ltd.

QAF Management

Management criteria checks 2/4

Key information

Recent management updates

QAF Limited Has Approves the Appointment of Mr. Hu as Deputy Director, Business Development & E-Commerce, Effective from August 1, 2024

High number of new directors

Qaf Limited Appoints Mr. Loh Wee Lee as Non-Executive, Independent Director, Effective from June 1, 2024

QAF Limited, Annual General Meeting, Apr 26, 2024

QAF Limited Announces Retirement of Ong Wui Leng as Deputy Group Managing Director

Joint Group MD & Executive Director recently bought S$337k worth of stock

Recent updates

First half 2024 earnings released: EPS: S$0.022 (vs S$0.009 in 1H 2023)

QAF Limited Has Approves the Appointment of Mr. Hu as Deputy Director, Business Development & E-Commerce, Effective from August 1, 2024

High number of new directors

Qaf Limited Appoints Mr. Loh Wee Lee as Non-Executive, Independent Director, Effective from June 1, 2024

QAF Limited Approves Final Tax-Exempt (One-Tier) Dividend for the Fiscal Year 2023

Upcoming dividend of S$0.04 per share

Solid Earnings May Not Tell The Whole Story For QAF (SGX:Q01)

Final dividend of S$0.04 announced

Full year 2023 earnings released: EPS: S$0.048 (vs S$0.045 in FY 2022)

QAF Limited, Annual General Meeting, Apr 26, 2024

Full year 2023 earnings released

QAF Limited Announces Retirement of Ong Wui Leng as Deputy Group Managing Director

Joint Group MD & Executive Director recently bought S$337k worth of stock

Joint Group MD & Executive Director recently bought S$277k worth of stock

QAF (SGX:Q01) Will Pay A Dividend Of SGD0.01

High number of new directors

Upcoming dividend of S$0.01 per share at 6.2% yield

QAF (SGX:Q01) Is Due To Pay A Dividend Of SGD0.01

QAF Limited Announces Interim Tax-Exempt (One-Tier) Dividend for the Financial Year Ending 31 December 2023, Payable on 25 September 2023

Joint Group MD & Executive Director recently bought S$355k worth of stock

First half 2023 earnings released: EPS: S$0.009 (vs S$0.025 in 1H 2022)

New minor risk - Profit margin trend

QAF Limited Appoints Aw Syee Chia as Independent Director, Effective from 9 August 2023

QAF Limited Provides Earnings Guidance for the Half Year Ended 30 June 2023

QAF Limited Announces Board Committee Changes

Upcoming dividend of S$0.04 per share at 5.8% yield

QAF (SGX:Q01) Has Affirmed Its Dividend Of SGD0.04

Full year 2022 earnings released: EPS: S$0.045 (vs S$0.039 in FY 2021)

Full year 2022 earnings released

QAF Limited Appoints Michael Darren Hewat as Chief Operating Officer

Upcoming dividend of S$0.01 per share

QAF Limited Announces Interim Tax-Exempt (One-Tier) Dividend for the Financial Year Ending 31 December 2022, Payable on 26 September 2022

First half 2022 earnings released

QAF Limited Provides Earnings Guidance for the First Half Year Ended 30 June 2022

QAF Limited Appoints Lian Hwee Peng Rebecca as Non-Executive, Independent Director Audit & Risk Committee (Member)

Upcoming dividend of S$0.04 per share

QAF (SGX:Q01) Has Announced A Dividend Of S$0.04

Some Investors May Be Willing To Look Past QAF's (SGX:Q01) Soft Earnings

QAF Limited Announces Cession of Derek Cheong Kheng Beng as Executive Vice-President, Corporate Development

QAF Limited Approves Special Tax-Exempt (One-Tier) Dividend, Payable on February 15, 2022

QAF Limited Announces One of Gardenia Malaysia's Bakery Factories Has Shut Down Flood At A Malaysian Bakery Factory

QAF Limited Proposes One-Tier Tax-Exempt Special Cash Dividend

Upcoming dividend of S$0.01 per share

QAF (SGX:Q01) Has Re-Affirmed Its Dividend Of S$0.01

Director Teck Kwong Chee has joined 5th company board

First half 2021 earnings released: EPS S$0.014 (vs S$0.038 in 1H 2020)

Industry Park Pty Ltd entered into a sale and purchase agreement to acquire Rivalea Holdings Pty Ltd and Oxdale Dairy Enterprise Pty Ltd. from Hamsdale International Pte. Ltd. and QAF Limited (SGX:Q01) for approximately AUD 150 million.

Is Now The Time To Put QAF (SGX:Q01) On Your Watchlist?

QAF Limited Declares Final Tax-Exempt (One-Tier) Dividend for the Financial Year Ended 31 December 2020

Upcoming dividend of S$0.04 per share

Full year 2020 earnings released: EPS S$0.073 (vs S$0.032 in FY 2019)

Is QAF (SGX:Q01) A Risky Investment?

Does QAF's (SGX:Q01) Returns On Capital Reflect Well On The Business?

If You Like EPS Growth Then Check Out QAF (SGX:Q01) Before It's Too Late

New 90-day high: S$1.00

Would QAF Limited (SGX:Q01) Be Valuable To Income Investors?

New 90-day high: S$0.98

How Much Are QAF Limited (SGX:Q01) Insiders Spending On Buying Shares?

New 90-day high: S$0.94

What Kind Of Shareholders Hold The Majority In QAF Limited's (SGX:Q01) Shares?

A Look At QAF's (SGX:Q01) Share Price Returns

Our Take On The Returns On Capital At QAF (SGX:Q01)

These 4 Measures Indicate That QAF (SGX:Q01) Is Using Debt Reasonably Well

Rivalea Reportedly to Have Revived Plan for Sale Itself

New 90-day high - S$0.96

Upcoming Dividend of S$0.01 Per Share

New 90-day high - S$0.91

First half earnings released

CEO