International Cement Group Ltd.

SGX:KUO Stock Report

Market Cap: S$464.5m

International Cement Group Management

Management criteria checks 3/4

International Cement Group's CEO is Zengtao Zhang, appointed in Aug 2022, has a tenure of 10.75 years. total yearly compensation is SGD986.00K, comprised of 68% salary and 32% bonuses, including company stock and options. directly owns 3.79% of the company’s shares, worth SGD17.62M. The average tenure of the management team and the board of directors is 3.1 years and 5.9 years respectively.

Key information

Zengtao Zhang

Chief executive officer

S$986.0k

Total compensation

CEO salary percentage68.00%
CEO tenure4yrs
CEO ownership3.8%
Management average tenure3.1yrs
Board average tenure5.9yrs

Recent management updates

Recent updates

Analysis Article • Feb 10

International Cement Group Ltd.'s (SGX:KUO) 38% Price Boost Is Out Of Tune With Earnings

The International Cement Group Ltd. ( SGX:KUO ) share price has done very well over the last month, posting an...
Analysis Article • Jan 27

International Cement Group (SGX:KUO) Shareholders Will Want The ROCE Trajectory To Continue

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Analysis Article • Dec 16

International Cement Group Ltd.'s (SGX:KUO) Business Is Trailing The Market But Its Shares Aren't

With a price-to-earnings (or "P/E") ratio of 16.7x International Cement Group Ltd. ( SGX:KUO ) may be sending bearish...
Analysis Article • Oct 15

Is International Cement Group (SGX:KUO) A Risky Investment?

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 • Aug 13

What International Cement Group Ltd.'s (SGX:KUO) 78% Share Price Gain Is Not Telling You

SGX:KUO 1 Year Share Price vs Fair Value Explore International Cement Group's Fair Values from the Community and select...
Analysis Article • Jul 18

Returns At International Cement Group (SGX:KUO) Appear To Be Weighed Down

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Apr 06

Potential Upside For International Cement Group Ltd. (SGX:KUO) Not Without Risk

There wouldn't be many who think International Cement Group Ltd.'s ( SGX:KUO ) price-to-sales (or "P/S") ratio of 0.4x...
Analysis Article • Mar 10

There May Be Reason For Hope In International Cement Group's (SGX:KUO) Disappointing Earnings

International Cement Group Ltd.'s ( SGX:KUO ) recent soft profit numbers didn't appear to worry shareholders, as the...
Analysis Article • Feb 21

Returns On Capital Signal Tricky Times Ahead For International Cement Group (SGX:KUO)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Oct 03

Is International Cement Group (SGX:KUO) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Aug 06

Investors Could Be Concerned With International Cement Group's (SGX:KUO) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article • Apr 12

International Cement Group's (SGX:KUO) Shareholders Have More To Worry About Than Only Soft Earnings

Despite International Cement Group Ltd.'s ( SGX:KUO ) recent earnings report having lackluster headline numbers, the...
Analysis Article • Mar 26

There Are Reasons To Feel Uneasy About International Cement Group's (SGX:KUO) Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Jan 23

Sentiment Still Eluding International Cement Group Ltd. (SGX:KUO)

International Cement Group Ltd.'s ( SGX:KUO ) price-to-earnings (or "P/E") ratio of 3.1x might make it look like a...
Analysis Article • Oct 19

Is International Cement Group (SGX:KUO) Using Too Much 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

International Cement Group's (SGX:KUO) Returns On Capital Are Heading Higher

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Jun 16

International Cement Group (SGX:KUO) Takes On Some Risk With Its Use 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 • Aug 30

Does International Cement Group (SGX:KUO) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Apr 14

International Cement Group's (SGX:KUO) Returns On Capital Are Heading Higher

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Dec 17

Is International Cement Group (SGX:KUO) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Sep 03

Does International Cement Group (SGX:KUO) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Aug 06

International Cement Group's (SGX:KUO) Returns On Capital Are Heading Higher

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Analysis Article • Jun 01

International Cement Group (SGX:KUO) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • May 07

International Cement Group (SGX:KUO) Might Have The Makings Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article • Mar 01

We Think International Cement Group (SGX:KUO) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Feb 01

What Do The Returns At International Cement Group (SGX:KUO) Mean Going Forward?

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Jan 05

With EPS Growth And More, International Cement Group (SGX:KUO) Is Interesting

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article • Dec 09

Shareholders Are Thrilled That The International Cement Group (SGX:KUO) Share Price Increased 200%

International Cement Group Ltd. ( SGX:KUO ) shareholders have seen the share price descend 28% over the month. But that...
Analysis Article • Nov 17

Are Strong Financial Prospects The Force That Is Driving The Momentum In International Cement Group Ltd.'s SGX:KUO) Stock?

International Cement Group's (SGX:KUO) stock is up by a considerable 145% over the past three months. Since the market...

CEO Compensation Analysis

How has Zengtao Zhang's remuneration changed compared to International Cement Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025S$986kS$670k

S$61m

Jun 30 2025n/an/a

S$14m

Mar 31 2025n/an/a

S$7m

Dec 31 2024S$741kS$630k

S$3m

Sep 30 2024n/an/a

S$2m

Jun 30 2024n/an/a

S$3m

Mar 31 2024n/an/a

S$8m

Dec 31 2023n/an/a

S$14m

Sep 30 2023n/an/a

S$22m

Jun 30 2023n/an/a

S$29m

Mar 31 2023n/an/a

S$29m

Dec 31 2022S$26kn/a

S$29m

Sep 30 2022n/an/a

S$27m

Jun 30 2022n/an/a

S$24m

Mar 31 2022n/an/a

S$25m

Dec 31 2021S$53kn/a

S$26m

Sep 30 2021n/an/a

S$21m

Jun 30 2021n/an/a

S$16m

Mar 31 2021n/an/a

S$12m

Dec 31 2020S$45kn/a

S$9m

Sep 30 2020n/an/a

S$13m

Jun 30 2020n/an/a

S$17m

Mar 31 2020n/an/a

S$16m

Dec 31 2019S$37kn/a

S$16m

Compensation vs Market: Zengtao's total compensation ($USD768.89K) is about average for companies of similar size in the SG market ($USD1.03M).

Compensation vs Earnings: Zengtao's compensation has increased by more than 20% in the past year.

CEO

Zengtao Zhang (43 yo)

4yrs
Tenure
S$986,000
Compensation

Mr. Zengtao Zhang served as Chief Executive Officer of Compact Metal Industries Ltd from January 2019 to March 2019. Mr. Zhang served as Managing Director of Compact Metal Industries Ltd from November 2014...

Leadership Team

NamePositionTenureCompensationOwnership
Zhaoyang Ma
Executive Chairman10.8yrsS$1.10m25.59%
SGD 118.9m
Zengtao Zhang
CEO & Executive Director4yrsS$986.00k3.79%
SGD 17.6m
Beng Hua Chng
Executive Director8.3yrsS$548.00k0.32%
SGD 1.5m
Hong Chun Choo
CFO & Company Secretary3.1yrsno datano data
Yuanyuan Zhao
General Counselno datano datano data
Bengang Peng
Executive Directorless than a yearno datano data
Shi Yi Loo
Company Secretary1.8yrsno datano data
Wei Hsiung Lee
Company Secretary1.8yrsno datano data
3.1yrs
Average Tenure
55yo
Average Age

Experienced Management: KUO's management team is considered experienced (3.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Zhaoyang Ma
Executive Chairman10.8yrsS$1.10m25.59%
SGD 118.9m
Zengtao Zhang
CEO & Executive Director10.8yrsS$986.00k3.79%
SGD 17.6m
Beng Hua Chng
Executive Director8.3yrsS$548.00k0.32%
SGD 1.5m
Bengang Peng
Executive Directorless than a yearno datano data
Chow Soon Lee
Independent Non-Executive Director1.7yrsS$50.00kno data
Chao Hsiung Tan
Independent Non-Executive Director2.7yrsS$50.00kno data
Kian Guan Ng
Lead Independent Non-Executive Director5.2yrsS$55.00k0.17%
SGD 810.0k
Loke Tan Wong
Independent Non-Executive Director6.7yrsS$50.00kno data
5.9yrs
Average Tenure
62.5yo
Average Age

Experienced Board: KUO's board of directors are considered experienced (5.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/05 22:40
End of Day Share Price 2026/08/05 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

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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

International Cement Group Ltd. 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.