First Sponsor Group Management

Management criteria checks 4/4

First Sponsor Group's CEO is Teck Neo, appointed in Oct 2007, has a tenure of 17.08 years. total yearly compensation is SGD807.09K, comprised of 98.2% salary and 1.8% bonuses, including company stock and options. directly owns 2.79% of the company’s shares, worth SGD33.10M. The average tenure of the management team and the board of directors is 12.6 years and 7.8 years respectively.

Key information

Teck Neo

Chief executive officer

S$807.1k

Total compensation

CEO salary percentage	98.2%
CEO tenure	17.1yrs
CEO ownership	2.8%
Management average tenure	12.6yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

First Sponsor Group (SGX:ADN) Seems To Be Using A Lot Of Debt

Oct 21

First Sponsor Group's (SGX:ADN) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Apr 09

Here's Why First Sponsor Group (SGX:ADN) Is Weighed Down By Its Debt Load

Oct 03

These 4 Measures Indicate That First Sponsor Group (SGX:ADN) Is Using Debt Extensively

Jun 03

One First Sponsor Group Limited (SGX:ADN) Analyst Is Reducing Their Forecasts For This Year

Apr 29

CEO Compensation Analysis

How has Teck Neo's remuneration changed compared to First Sponsor Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	S$14m
Mar 31 2024	n/a	n/a	S$13m
Dec 31 2023	S$807k	S$793k	S$13m
Sep 30 2023	n/a	n/a	S$42m
Jun 30 2023	n/a	n/a	S$71m
Mar 31 2023	n/a	n/a	S$101m
Dec 31 2022	S$5m	S$792k	S$131m
Sep 30 2022	n/a	n/a	S$128m
Jun 30 2022	n/a	n/a	S$124m
Mar 31 2022	n/a	n/a	S$123m
Dec 31 2021	S$5m	S$792k	S$121m
Sep 30 2021	n/a	n/a	S$102m
Jun 30 2021	n/a	n/a	S$114m
Mar 31 2021	n/a	n/a	S$110m
Dec 31 2020	S$4m	S$792k	S$100m

Compensation vs Market: Teck's total compensation ($USD599.55K) is below average for companies of similar size in the SG market ($USD906.32K).

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

CEO

Teck Neo (53 yo)

17.1yrs

Tenure

S$807,092

Compensation

Mr. Teck Pheng Neo has been Group Chief Executive Officer and Executive Director of First Sponsor Group Limited since October 1, 2007. Mr. Neo is an Investment Manager of City Developments Limited. He has...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Teck Neo	Group CEO & Executive Director	17.1yrs	S$807.09k	2.79% SGD 33.1m
Sau Lee	Group Chief Financial Officer	13.5yrs	no data	0.16% SGD 1.9m
Gongyi Wang	Chief Executive Officer of Chengdu Operations	13.1yrs	no data	no data
Zhen Shu	Chief Executive Officer of Guangdong Operations	12.3yrs	no data	no data
Jing Zhang	Chief Executive Officer of Shanghai Operations	13yrs	no data	no data
Siew Geok Goh	Company Secretary	7.1yrs	no data	no data
Alexander Barentsen	Chief Executive Officer of European Hotel Operations and Finance	5.3yrs	no data	no data
Frans Van Toor	Chief Executive Officer European Office & Residential Operations	2.4yrs	no data	no data

12.6yrs

Average Tenure

53yo

Average Age

Experienced Management: ADN's management team is seasoned and experienced (12.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Teck Neo	Group CEO & Executive Director	17.1yrs	S$807.09k	2.79% SGD 33.1m
Han Ho	Non-Executive Chairman	17.1yrs	no data	0.75% SGD 8.9m
Guan Wee	Lead Independent Director	7.8yrs	S$71.50k	no data
Yee Peng Tan	Independent Non-Executive Director	1.8yrs	S$90.40k	no data
Han Ho	Alternate Director	10.5yrs	no data	0.39% SGD 4.7m
Eik Kwek	Non-Independent Non-Executive Director	5.7yrs	S$52.50k	no data
Beng Low	Independent Non-Executive Director	less than a year	no data	no data

7.8yrs

Average Tenure

53yo

Average Age

Experienced Board: ADN's board of directors are considered experienced (7.8 years average tenure).

First Sponsor Group Management

Management criteria checks 4/4

Key information

Recent management updates

First Sponsor Group Limited Announces Retirement of Yee Chia Hsing as the Lead Independent Director and Non-Executive Director

First Sponsor Group Limited, Annual General Meeting, Apr 25, 2024

High number of new directors

First Sponsor Group Limited Appoints Ms. Low Beng Lan as Independent Non-Executive Director

Non-Executive Chairman exercised options to buy S$944k worth of stock.

Alternate Director recently bought S$132k worth of stock

Recent updates

First Sponsor Group (SGX:ADN) Seems To Be Using A Lot Of Debt

Upcoming dividend of S$0.011 per share

New minor risk - Earnings quality

Final dividend of S$0.011 announced

First Sponsor Group Limited Announces Retirement of Yee Chia Hsing as the Lead Independent Director and Non-Executive Director

First Sponsor Group's (SGX:ADN) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Full year 2023 earnings released: EPS: S$0.013 (vs S$0.14 in FY 2022)

First Sponsor Group Limited, Annual General Meeting, Apr 25, 2024

High number of new directors

First Sponsor Group Limited Appoints Ms. Low Beng Lan as Independent Non-Executive Director

Non-Executive Chairman exercised options to buy S$944k worth of stock.

Full year 2023 earnings released: EPS: S$0.013 (vs S$0.14 in FY 2022)

First Sponsor Group Limited Proposes Final Cash Dividend for the Year Ended December 31, 2023, Payable on 27 May 2024

New minor risk - Financial data availability

Here's Why First Sponsor Group (SGX:ADN) Is Weighed Down By Its Debt Load

New minor risk - Shareholder dilution

Upcoming dividend of S$0.011 per share at 3.1% yield

New major risk - Financial position

First Sponsor Group Limited Declares First Interim Tax-Exempt Dividend for the Financial Year Ending 31 December 2023, Payable on 2 October 2023

Upcoming dividend of S$0.027 per share at 3.0% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Alternate Director recently bought S$132k worth of stock

Full year 2022 earnings: EPS and revenues exceed analyst expectations

First Sponsor Group Limited Proposes Final Dividend for the Financial Year Ended 31 December 2022 Paid on or Around 19 May 2023

Insufficient new directors

Price target decreased to S$1.39

Insufficient new directors

Insufficient new directors

First Sponsor Group Limited Appoints Mr. Frans Van Toor as Chief Executive Officer (European Office & Residential Operations)

First Sponsor Group Limited Announces Change of Singapore Business Office Address

Price target decreased to S$1.39

Insufficient new directors

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

First Sponsor Group Limited, Annual General Meeting, Apr 26, 2022

Insufficient new directors

Upcoming dividend of S$0.024 per share

Consensus forecasts updated

Group CEO & Executive Director exercised options to buy S$4.2m worth of stock.

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

First Sponsor Group Limited Announces Second Interim Tax-Exempt (One-Tier) Dividend for the Financial Year Ended 31 December 2021, Payable on or About 1 April 2022

Upcoming dividend of S$0.011 per share

Alternate Director exercised options to buy S$932k worth of stock.

Non-Executive Chairman recently bought S$879k worth of stock

Consensus EPS estimates increase to S$0.11

These 4 Measures Indicate That First Sponsor Group (SGX:ADN) Is Using Debt Extensively

One First Sponsor Group Limited (SGX:ADN) Analyst Is Reducing Their Forecasts For This Year

Full year 2020 earnings released: EPS S$0.12 (vs S$0.22 in FY 2019)

New 90-day high: S$1.39

Non-Executive Chairman recently bought S$274k worth of stock

First Sponsor Group Limited (SGX:ADN) entered into a conditional sale and purchase agreement to acquire Guangzhou Panyu Chuang's Real Estate Development Company Limited from Chuang's China Realty Limited for CNY 1.6 billion.

Full year 2020 earnings released: EPS S$0.12 (vs S$0.22 in FY 2019)

Revenue and earnings miss expectations

Upcoming Dividend of S$0.02 Per Share

New 90-day high: S$1.36

First Sponsor Group (SGX:ADN) Takes On Some Risk With Its Use Of Debt

Update: First Sponsor Group (SGX:ADN) Stock Gained 14% In The Last Five Years

First Sponsor Group (SGX:ADN) Is Growing Earnings But Are They A Good Guide?

Analysts lower revenue estimates to S$255.3m

Third quarter earnings released

New 90-day high - S$1.32

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure