Avarga Limited

SGX:X5N Stock Report

Market Cap: S$244.3m

Avarga Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Ian Tong

Chief executive officer

S$583.6k

Total compensation

CEO salary percentage85.68%
CEO tenure6.1yrs
CEO ownershipn/a
Management average tenure6.1yrs
Board average tenure6.1yrs

Recent management updates

Recent updates

Analysis Article • Nov 14

There's Reason For Concern Over Avarga Limited's (SGX:U09) Massive 26% Price Jump

Despite an already strong run, Avarga Limited ( SGX:U09 ) shares have been powering on, with a gain of 26% in the last...
Analysis Article • Apr 09

Avarga's (SGX:U09) Conservative Accounting Might Explain Soft Earnings

Shareholders appeared unconcerned with Avarga Limited's ( SGX:U09 ) lackluster earnings report last week. Our analysis...
Analysis Article • Oct 05

Does Avarga (SGX:U09) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • May 15

Avarga (SGX:U09) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Oct 31

Avarga (SGX:U09) Shareholders Will Want The ROCE Trajectory To Continue

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Analysis Article • Sep 29

These 4 Measures Indicate That Avarga (SGX:U09) Is Using Debt Extensively

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Apr 14

Is Avarga (SGX:U09) 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 01

Avarga (SGX:U09) Is Very Good At Capital Allocation

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Analysis Article • Mar 17

Announcing: Avarga (SGX:U09) Stock Increased An Energizing 133% In The Last Year

Unfortunately, investing is risky - companies can and do go bankrupt. But if you pick the right business to buy shares...
Analysis Article • Mar 03

Do Avarga's (SGX:U09) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Feb 19

Estimating The Fair Value Of Avarga Limited (SGX:U09)

How far off is Avarga Limited ( SGX:U09 ) from its intrinsic value? Using the most recent financial data, we'll take a...
Analysis Article • Jan 26

What Percentage Of Avarga Limited (SGX:U09) Shares Do Insiders Own?

If you want to know who really controls Avarga Limited ( SGX:U09 ), then you'll have to look at the makeup of its share...
Analysis Article • Jan 14

Who Has Been Selling Avarga Limited (SGX:U09) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
Analysis Article • Dec 29

Are Avarga's (SGX:U09) Statutory Earnings A Good Guide To Its Underlying Profitability?

Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. That said, the...
Analysis Article • Dec 03

We Like These Underlying Trends At Avarga (SGX:U09)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...

CEO Compensation Analysis

How has Ian Tong's remuneration changed compared to Avarga's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025S$584kS$500k

-S$3m

Sep 30 2025n/an/a

S$2m

Jun 30 2025n/an/a

-S$2m

Mar 31 2025n/an/a

S$8m

Dec 31 2024S$546kS$500k

S$29m

Jun 30 2024n/an/a

S$21m

Mar 31 2024n/an/a

S$21m

Dec 31 2023S$545kS$500k

S$22m

Sep 30 2023n/an/a

S$17m

Jun 30 2023n/an/a

S$25m

Mar 31 2023n/an/a

S$38m

Dec 31 2022S$545kS$500k

S$51m

Sep 30 2022n/an/a

S$48m

Jun 30 2022n/an/a

S$45m

Mar 31 2022n/an/a

S$59m

Dec 31 2021S$564kS$500k

S$73m

Sep 30 2021n/an/a

S$93m

Jun 30 2021n/an/a

S$112m

Mar 31 2021n/an/a

S$83m

Dec 31 2020S$2mS$367k

S$55m

Sep 30 2020n/an/a

S$36m

Jun 30 2020n/an/a

S$24m

Mar 31 2020n/an/a

S$25m

Dec 31 2019S$385kS$203k

S$33m

Compensation vs Market: Ian's total compensation ($USD451.15K) is below average for companies of similar size in the SG market ($USD829.18K).

Compensation vs Earnings: Ian's compensation has increased whilst the company is unprofitable.

CEO

Ian Tong (38 yo)

6.1yrs
Tenure
S$583,560
Compensation

Mr. Ian Tong is the Founder of Axio Developments Ltd. and serves as its President. Mr. Ian has been Chief Executive Officer of Avarga Limited since June 1, 2020.Mr. Tong was Executive Director of Operatio...

Leadership Team

NamePositionTenureCompensationOwnership
Kooi Tong
Executive Chairman14.3yrsS$315.91k86.6%
SGD 211.6m
Ian Tong
CEO & Executive Director6.1yrsS$583.56kno data
Lai Tai
Group Finance Managerno datano datano data
Hsien Ming Khoo
President of Investment14yrsS$33.07kno data
Russell Robert Permann
CEO & President of Taiga Building Products Ltd.no datano datano data
Lai Chan
Company Secretary1.7yrsno datano data
6.1yrs
Average Tenure
55yo
Average Age

Experienced Management: X5N's management team is seasoned and experienced (6.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kooi Tong
Executive Chairman14.3yrsS$315.91k86.6%
SGD 211.6m
Ian Tong
CEO & Executive Director9.3yrsS$583.56kno data
Shin Ein Ng
Independent Director13.3yrsS$70.00kno data
Weng Foong Moey
Independent Director6.1yrsS$67.00kno data
Ven Li Lai
Lead Independent Director2.5yrsS$73.00kno data
Cheong Seng Lim
Independent Director3.5yrsS$70.00kno data
Kah Wee Kang
Independent Director2.5yrsS$64.00kno data
6.1yrs
Average Tenure
52yo
Average Age

Experienced Board: X5N's board of directors are considered experienced (6.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 06:37
End of Day Share Price 2026/07/06 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

Avarga 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.