Malaysia Smelting Corporation Berhad Management

Management criteria checks 4/4

Malaysia Smelting Berhad's CEO is Patrick Yong, appointed in Oct 2016, has a tenure of 8.08 years. total yearly compensation is MYR2.50M, comprised of 44.1% salary and 55.9% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth SGD368.95K. The average tenure of the management team and the board of directors is 5.9 years and 6 years respectively.

Key information

Patrick Yong

Chief executive officer

RM 2.5m

Total compensation

CEO salary percentage	44.1%
CEO tenure	8.1yrs
CEO ownership	0.1%
Management average tenure	5.9yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrick Yong's remuneration changed compared to Malaysia Smelting Corporation Berhad's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	RM 59m
Jun 30 2024	n/a	n/a	RM 56m
Mar 31 2024	n/a	n/a	RM 68m
Dec 31 2023	RM 3m	RM 1m	RM 85m
Sep 30 2023	n/a	n/a	RM 102m
Jun 30 2023	n/a	n/a	RM 58m
Mar 31 2023	n/a	n/a	RM 69m
Dec 31 2022	RM 3m	RM 1m	RM 98m
Sep 30 2022	n/a	n/a	RM 137m
Jun 30 2022	n/a	n/a	RM 197m
Mar 31 2022	n/a	n/a	RM 160m
Dec 31 2021	RM 2m	RM 1m	RM 118m
Sep 30 2021	n/a	n/a	RM 69m
Jun 30 2021	n/a	n/a	RM 53m
Mar 31 2021	n/a	n/a	RM 50m
Dec 31 2020	RM 2m	RM 1m	RM 15m
Sep 30 2020	n/a	n/a	-RM 16m
Jun 30 2020	n/a	n/a	RM 2m
Mar 31 2020	n/a	n/a	RM 9m
Dec 31 2019	RM 3m	RM 1m	RM 31m
Sep 30 2019	n/a	n/a	RM 62m
Jun 30 2019	n/a	n/a	RM 43m
Mar 31 2019	n/a	n/a	RM 38m
Dec 31 2018	RM 2m	RM 1m	RM 34m

Compensation vs Market: Patrick's total compensation ($USD562.48K) is below average for companies of similar size in the SG market ($USD855.04K).

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

CEO

Patrick Yong (71 yo)

8.1yrs

Tenure

RM 2,500,900

Compensation

Dato Dr. Ir. Mian Thong Yong, also known as Patrick, has been the Chief Executive Officer of Malaysia Smelting Corporation Berhad since October 07, 2016 and has been its Director since June 1, 2018. He was...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mian Thong Yong	Group CEO & Non-Independent Executive Director	8.1yrs	RM 2.50m	0.12% SGD 374.9k
Hoi Lam	Group Chief Financial Officer	5.8yrs	no data	no data
Seong Chen	Deputy Chief Executive Officer of Administration	6yrs	no data	no data
Madzlan Zam	Executive Director & Senior GM of Rahman Hydraulic Tin Sdn. Bhd	no data	no data	no data
Youn Kim Wong	Company Secretary	5.1yrs	no data	no data

5.9yrs

Average Tenure

53yo

Average Age

Experienced Management: NPW's management team is seasoned and experienced (5.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mian Thong Yong	Group CEO & Non-Independent Executive Director	6.4yrs	RM 2.50m	0.12% SGD 374.9k
Gek Khim Chew	Non-Independent Non-Executive Chairman	8.7yrs	RM 127.50k	0.40% SGD 1.3m
Kamaruddin Bin Taib	Independent Non Executive Director	6yrs	RM 108.50k	no data
Hong Tat Lim	Independent Non-Executive Director	2.8yrs	RM 114.50k	no data
Roslina Binti Zainal	Independent & Non Executive Director	3.3yrs	RM 94.50k	no data
John Mathew	Senior Independent Director	8.7yrs	RM 94.60k	no data
Seng Yap	Independent Non-Executive Director	2.9yrs	RM 131.20k	no data

6.0yrs

Average Tenure

63yo

Average Age

Experienced Board: NPW's board of directors are considered experienced (6 years average tenure).

Malaysia Smelting Corporation Berhad Management

Management criteria checks 4/4

Key information

Recent management updates

Malaysia Smelting Corporation Berhad, Annual General Meeting, May 29, 2024

Malaysia Smelting Corporation Berhad Announces Redesignation of John Mathew A/L Mathai from Independent Director to Senior Independent Director

Malaysia Smelting Corporation Berhad Announces Changes in Composition of Environmental, Social and Governance Committee

Malaysia Smelting Corporation Berhad Appoints Mr. Yap Seng Chong as Independent and Non Executive Member of Nomination and Remuneration Committee

Malaysia Smelting Corporation Berhad Announces Retirement of Chia Chee Ming, Timothy as Independent and Non Executive Director

Malaysia Smelting Corporation Berhad Announces Formation of Environmental, Social and Governance Committee

Recent updates

Upcoming dividend of RM0.17 per share

New major risk - Earnings quality

Now 21% overvalued after recent price rise

Malaysia Smelting Corporation Berhad Announces Interim Dividend for Financial Year Ending 31 December 2024, Payable on 24 October 2024

Now 23% overvalued

Second quarter 2024 earnings released: EPS: RM0.04 (vs RM0.068 in 2Q 2023)

Now 29% overvalued

New minor risk - Share price stability

Upcoming dividend of RM0.07 per share

Malaysia Smelting Corporation Berhad Approves Final Single-Tier Dividend for the Financial Year Ended 31 December 2023

First quarter 2024 earnings released: EPS: RM0.043 (vs RM0.084 in 1Q 2023)

Final dividend of RM0.07 announced

Malaysia Smelting Corporation Berhad, Annual General Meeting, May 29, 2024

Malaysia Smelting Corporation Berhad Announces Final Single-Tier Dividend for the Financial Year Ended 31 December 2023, Payable 28 June 2024

Full year 2023 earnings released: EPS: RM0.20 (vs RM0.23 in FY 2022)

Malaysia Smelting Corporation Berhad Announces the Adoption of A Dividend Policy

Malaysia Smelting Corporation Berhad Proposes Final Single-Tier Dividend for Fiscal Year 2023

Malaysia Smelting Corporation Berhad Announces Redesignation of John Mathew A/L Mathai from Independent Director to Senior Independent Director

Third quarter 2023 earnings released: EPS: RM0.028 (vs RM0.075 loss in 3Q 2022)

Malaysia Smelting Corporation Berhad Announces Changes in Composition of Environmental, Social and Governance Committee

Malaysia Smelting Corporation Berhad Announces Interim Dividend for the Financial Year Ending 31 December 2023

Malaysia Smelting Corporation Berhad Appoints Mr. Yap Seng Chong as Independent and Non Executive Member of Nomination and Remuneration Committee

Second quarter 2023 earnings released: EPS: RM0.068 (vs RM0.094 in 2Q 2022)

Upcoming dividend of RM0.07 per share at 3.5% yield

Malaysia Smelting Corporation Berhad Announces Retirement of Chia Chee Ming, Timothy as Independent and Non Executive Director

First quarter 2023 earnings released: EPS: RM0.084 (vs RM0.15 in 1Q 2022)

Full year 2022 earnings released: EPS: RM0.23 (vs RM0.28 in FY 2021)

Malaysia Smelting Corporation Berhad Proposes First and Final Single-Tier Dividend for the Year 2022

Third quarter 2022 earnings released: RM0.075 loss per share (vs RM0.07 profit in 3Q 2021)

Second quarter 2022 earnings released: EPS: RM0.094 (vs RM0.007 in 2Q 2021)

Upcoming dividend of RM0.07 per share

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS: RM0.28 (vs RM0.038 in FY 2020)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Malaysia Smelting Corporation Berhad Proposes First and Final Single-Tier Dividend for the Year Ended 31 December 2021

Malaysia Smelting Corporation Berhad Announces Formation of Environmental, Social and Governance Committee

Investor sentiment improved over the past week

Malaysia Smelting Corporation Berhad Announces Appointment of Datuk Lim Hong Tat as Independent and Non Executive Director

Insufficient new directors

Insufficient new directors

Third quarter 2021 earnings released: EPS RM0.07 (vs RM0.031 in 3Q 2020)

Second quarter 2021 earnings released: EPS RM0.007 (vs RM0.002 in 2Q 2020)

Upcoming dividend of RM0.01 per share

Malaysia Smelting Corporation Berhad Proposes First and Final Single Tier Dividend for the Financial Year Ended December 31, 2020, Payable on July 23, 2021

Malaysia Smelting Corporation Berhad Recommends First and Final Single Tier Dividend for the Financial Year Ended December 31, 2020

First quarter 2021 earnings released: EPS RM0.055 (vs RM0.033 loss in 1Q 2020)

Full year 2020 earnings released: EPS RM0.04 (vs RM0.077 in FY 2019)

New 90-day high: S$0.80

Third quarter 2020 earnings released: EPS RM0.031

Tommy Winata acquired a 41% stake in PT Koba Tin from Malaysia Smelting Corp. Bhd.

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age