We have been pretty impressed with the performance at MUI Properties Berhad (KLSE:MUIPROP) recently and CEO Andrew Khoo deserves a mention for their role in it. Shareholders will have this at the front of their minds in the upcoming AGM on 10th of December. The focus will probably be on the future company strategy as shareholders cast their votes on resolutions such as executive remuneration and other matters. In light of the great performance, we discuss the case why we think CEO compensation is not excessive.
See our latest analysis for MUI Properties Berhad
According to our data, MUI Properties Berhad has a market capitalization of RM189m, and paid its CEO total annual compensation worth RM668k over the year to June 2025. That's mostly flat as compared to the prior year's compensation. We note that the salary portion, which stands at RM600.0k constitutes the majority of total compensation received by the CEO.
On comparing similar-sized companies in the Malaysian Real Estate industry with market capitalizations below RM822m, we found that the median total CEO compensation was RM753k. From this we gather that Andrew Khoo is paid around the median for CEOs in the industry. What's more, Andrew Khoo holds RM587k worth of shares in the company in their own name, indicating that they have a lot of skin in the game.
| Component | 2025 | 2024 | Proportion (2025) |
| Salary | RM600k | RM600k | 90% |
| Other | RM68k | RM65k | 10% |
| Total Compensation | RM668k | RM665k | 100% |
On an industry level, roughly 76% of total compensation represents salary and 24% is other remuneration. It's interesting to note that MUI Properties Berhad pays out a greater portion of remuneration through salary, compared to the industry. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
MUI Properties Berhad has seen its earnings per share (EPS) increase by 90% a year over the past three years. It achieved revenue growth of 734% over the last year.
Shareholders would be glad to know that the company has improved itself over the last few years. The combination of strong revenue growth with medium-term EPS improvement certainly points to the kind of growth we like to see. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.
Boasting a total shareholder return of 99% over three years, MUI Properties Berhad has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
Seeing that company performance has been quite good recently, some shareholders may feel that CEO compensation may not be the biggest focus in the upcoming AGM. However, despite the strong growth in earnings and share price growth, the focus for shareholders would be how the company plans to steer the company towards sustainable profitability in the near future.
While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. That's why we did some digging and identified 3 warning signs for MUI Properties Berhad that you should be aware of before investing.
Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.