Southern Packaging Group Limited

SGX:BQP Stock Report

Market Cap: S$19.7m

Southern Packaging Group Management

Management criteria checks 3/4

Southern Packaging Group's CEO is Shun Ming Pan, appointed in Aug 2025, has a tenure of less than a year. total yearly compensation is CN¥2.81M, comprised of 98.5% salary and 1.5% bonuses, including company stock and options. directly owns 38.94% of the company’s shares, worth SGD7.67M. The average tenure of the management team and the board of directors is 8.3 years and 2.8 years respectively.

Key information

Shun Ming Pan

Chief executive officer

CN¥2.8m

Total compensation

CEO salary percentage98.50%
CEO tenureless than a year
CEO ownership38.9%
Management average tenure8.3yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

Analysis Article • Dec 12

Southern Packaging Group Limited (SGX:BQP) Not Doing Enough For Some Investors As Its Shares Slump 26%

Southern Packaging Group Limited ( SGX:BQP ) shareholders won't be pleased to see that the share price has had a very...
Analysis Article • Nov 12

Does Southern Packaging Group (SGX:BQP) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Aug 26

Southern Packaging Group Limited (SGX:BQP) Looks Inexpensive After Falling 32% But Perhaps Not Attractive Enough

Southern Packaging Group Limited ( SGX:BQP ) shares have had a horrible month, losing 32% after a relatively good...
Analysis Article • May 28

Southern Packaging Group Limited (SGX:BQP) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

Southern Packaging Group Limited ( SGX:BQP ) shareholders that were waiting for something to happen have been dealt a...
Analysis Article • Apr 02

The Returns On Capital At Southern Packaging Group (SGX:BQP) Don't Inspire Confidence

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...
Analysis Article • Jan 22

The Market Doesn't Like What It Sees From Southern Packaging Group Limited's (SGX:BQP) Revenues Yet

When close to half the companies operating in the Packaging industry in Singapore have price-to-sales ratios (or "P/S...
Analysis Article • Dec 18

Returns On Capital Signal Difficult Times Ahead For Southern Packaging Group (SGX:BQP)

What financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...
Analysis Article • Oct 15

Southern Packaging Group (SGX:BQP) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Jun 13

Revenues Not Telling The Story For Southern Packaging Group Limited (SGX:BQP) After Shares Rise 27%

Those holding Southern Packaging Group Limited ( SGX:BQP ) shares would be relieved that the share price has rebounded...
Analysis Article • May 14

Is Southern Packaging Group (SGX:BQP) Using Debt In A Risky Way?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Mar 21

Revenues Not Telling The Story For Southern Packaging Group Limited (SGX:BQP) After Shares Rise 87%

Southern Packaging Group Limited ( SGX:BQP ) shares have had a really impressive month, gaining 87% after a shaky...
Analysis Article • Aug 16

Is Southern Packaging Group (SGX:BQP) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Apr 24

Is Southern Packaging Group (SGX:BQP) Using Debt Sensibly?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jan 10

Estimating The Intrinsic Value Of Southern Packaging Group Limited (SGX:BQP)

How far off is Southern Packaging Group Limited ( SGX:BQP ) from its intrinsic value? Using the most recent financial...
Analysis Article • Nov 28

These Return Metrics Don't Make Southern Packaging Group (SGX:BQP) Look Too Strong

When researching a stock for investment, what can tell us that the company is in decline? More often than not, we'll...
Analysis Article • Oct 06

Southern Packaging Group (SGX:BQP) Seems To Be Using A Lot Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Aug 11

These Return Metrics Don't Make Southern Packaging Group (SGX:BQP) Look Too Strong

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article • Oct 26

Southern Packaging Group (SGX:BQP) Has No Shortage Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Sep 21

Southern Packaging Group's (SGX:BQP) Returns On Capital Not Reflecting Well On The Business

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article • Jun 10

Returns On Capital Signal Difficult Times Ahead For Southern Packaging Group (SGX:BQP)

What financial metrics can indicate to us that a company is maturing or even in decline? When we see a declining return...
Analysis Article • Apr 16

Southern Packaging Group (SGX:BQP) Has No Shortage Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Mar 12

Is Southern Packaging Group (SGX:BQP) Shrinking?

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article • Dec 07

Is Southern Packaging Group (SGX:BQP) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

CEO Compensation Analysis

How has Shun Ming Pan's remuneration changed compared to Southern Packaging Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025CN¥3mCN¥3m

-CN¥6m

Sep 30 2025n/an/a

-CN¥24m

Jun 30 2025n/an/a

-CN¥42m

Mar 31 2025n/an/a

-CN¥31m

Dec 31 2024CN¥3mCN¥3m

-CN¥19m

Compensation vs Market: Shun Ming's total compensation ($USD414.65K) is about average for companies of similar size in the SG market ($USD371.22K).

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

CEO

Shun Ming Pan (68 yo)

less than a year
Tenure
CN¥2,814,388
Compensation

Mr. Shun Ming Pan serves as Chairman of Southern Packaging Group Ltd. and is a Co Founder. Mr. Pan served as Chief Executive Officer of Southern Packaging Group Ltd.until January 13, 2025. He serves as Di...

Leadership Team

NamePositionTenureCompensationOwnership
Shun Ming Pan
Co-Founderless than a yearCN¥2.81m38.94%
SGD 7.7m
Xiang Zhi Chen
Executive Vice Chairman of the Board16.3yrsCN¥999.59kno data
Shuying Mai
Co-Founder & CFO46.3yrsno data25.49%
SGD 5.0m
Yonghua Li
Chief Operating Officer15.2yrsno datano data
Jian Ling Zhang
Chief Investment Officer11.9yrsno data0.22%
SGD 43.9k
Zhaojin Pan
Deputy Chief Executive Officer1.3yrsno data1.16%
SGD 228.5k
Wei Fung Kong
Joint Company Secretary8.3yrsno datano data
Hui Yee Cheok
Joint Company Secretary8.3yrsno datano data
Jiawei Li
Group Financial Controllerless than a yearno datano data
8.3yrs
Average Tenure
60.5yo
Average Age

Experienced Management: BQP's management team is seasoned and experienced (8.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Shun Ming Pan
Co-Founder22.4yrsCN¥2.81m38.94%
SGD 7.7m
Xiang Zhi Chen
Executive Vice Chairman of the Board16.3yrsCN¥999.59kno data
Kam Loon Chan
Lead Independent Director2.8yrsCN¥233.93kno data
Geng Wu
Independent Director2.3yrsCN¥217.61kno data
Chian Sin Low
Independent Non-Executive Director1.5yrsCN¥217.61kno data
2.8yrs
Average Tenure
62yo
Average Age

Experienced Board: BQP's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 18:29
End of Day Share Price 2026/05/14 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

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 Github.

Analyst Sources

Southern Packaging Group Limited is covered by 0 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.