Avarga Limited

SGX:X5N Stock Report

Market Cap: S$204.4m

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$546.1k

Total compensation

CEO salary percentage91.56%
CEO tenure5.3yrs
CEO ownershipn/a
Management average tenure5.3yrs
Board average tenure5.3yrs

Recent management updates

Recent updates

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

Nov 14
There's Reason For Concern Over Avarga Limited's (SGX:U09) Massive 26% Price Jump

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

Apr 09
Avarga's (SGX:U09) Conservative Accounting Might Explain Soft Earnings

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

Oct 05
Does Avarga (SGX:U09) Have A Healthy Balance Sheet?

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

May 15
Avarga (SGX:U09) Has A Pretty Healthy Balance Sheet

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

Oct 31
Avarga (SGX:U09) Shareholders Will Want The ROCE Trajectory To Continue

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

Sep 29
These 4 Measures Indicate That Avarga (SGX:U09) Is Using Debt Extensively

Is Avarga (SGX:U09) A Risky Investment?

Apr 14
Is Avarga (SGX:U09) A Risky Investment?

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

Apr 01
Avarga (SGX:U09) Is Very Good At Capital Allocation

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

Mar 17
Announcing: Avarga (SGX:U09) Stock Increased An Energizing 133% In The Last Year

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

Mar 03
Do Avarga's (SGX:U09) Earnings Warrant Your Attention?

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

Feb 19
Estimating The Fair Value Of Avarga Limited (SGX:U09)

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

Jan 26
What Percentage Of Avarga Limited (SGX:U09) Shares Do Insiders Own?

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

Jan 14
Who Has Been Selling Avarga Limited (SGX:U09) Shares?

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

Dec 29
Are Avarga's (SGX:U09) Statutory Earnings A Good Guide To Its Underlying Profitability?

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

Dec 03
We Like These Underlying Trends At Avarga (SGX:U09)

CEO Compensation Analysis

How has Ian Tong's remuneration changed compared to Avarga's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

-S$2m

Mar 31 2025n/an/a

S$8m

Dec 31 2024S$546kS$500k

S$19m

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

Sep 30 2019n/an/a

S$28m

Jun 30 2019n/an/a

S$28m

Mar 31 2019n/an/a

S$26m

Dec 31 2018S$329kS$173k

S$11m

Compensation vs Market: Ian's total compensation ($USD421.51K) is below average for companies of similar size in the SG market ($USD774.25K).

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

CEO

Ian Tong (37 yo)

5.3yrs
Tenure
S$546,105
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 Chairman13.6yrsS$303.90k86.72%
SGD 177.2m
Ian Tong
CEO & Executive Director5.3yrsS$546.11kno data
Lai Tai
Group Finance Managerno datano datano data
Hsien Ming Khoo
President of Investment & Power Generation13.3yrsS$33.07kno data
Russell Robert Permann
CEO & President of Taiga Building Products Ltd.no datano datano data
Lai Chan
Company Secretaryless than a yearno datano data
5.3yrs
Average Tenure
54yo
Average Age

Experienced Management: X5N's management team is seasoned and experienced (5.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kooi Tong
Executive Chairman13.6yrsS$303.90k86.72%
SGD 177.2m
Ian Tong
CEO & Executive Director8.6yrsS$546.11kno data
Shin Ein Ng
Independent Director12.5yrsS$70.00kno data
Weng Foong Moey
Independent Director5.3yrsS$67.00kno data
Ven Li Lai
Lead Independent Director1.8yrsS$72.11kno data
Cheong Seng Lim
Independent Director2.8yrsS$70.00kno data
Kah Wee Kang
Independent Director1.8yrsS$64.00kno data
5.3yrs
Average Tenure
51yo
Average Age

Experienced Board: X5N's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/09 01:07
End of Day Share Price 2025/10/09 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.