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NewOcean Energy Holdings

DB:NE6
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NE6
DB
HK$2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

NewOcean Energy Holdings Limited, an investment holding company, distributes and sells liquefied petroleum gas (LPG) and natural gas, and oil products in the People’s Republic of China. The last earnings update was 14 days ago. More info.


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NE6 Share Price and Events
7 Day Returns
5%
DB:NE6
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-
DB:NE6
34.4%
DE Oil and Gas
-14.2%
DE Market
NE6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NewOcean Energy Holdings (NE6) 5% 0.8% 3.3% - - -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • No trading data on NE6.
  • No trading data on NE6.
Price Volatility
NE6
Industry
5yr Volatility vs Market

NE6 Value

 Is NewOcean Energy Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for NewOcean Energy Holdings. This is due to cash flow or dividend data being unavailable. The share price is €0.126.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NewOcean Energy Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NewOcean Energy Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NE6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.44
SEHK:342 Share Price ** SEHK (2020-04-07) in HKD HK$1.17
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NewOcean Energy Holdings.

DB:NE6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:342 Share Price ÷ EPS (both in HKD)

= 1.17 ÷ 0.44

2.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NewOcean Energy Holdings is good value based on earnings compared to the Europe Oil and Gas industry average.
  • NewOcean Energy Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does NewOcean Energy Holdings's expected growth come at a high price?
Raw Data
DB:NE6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NewOcean Energy Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NewOcean Energy Holdings's assets?
Raw Data
DB:NE6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$5.46
SEHK:342 Share Price * SEHK (2020-04-07) in HKD HK$1.17
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:NE6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:342 Share Price ÷ Book Value per Share (both in HKD)

= 1.17 ÷ 5.46

0.21x

* Primary Listing of NewOcean Energy Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NewOcean Energy Holdings is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess NewOcean Energy Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. NewOcean Energy Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NE6 Future Performance

 How is NewOcean Energy Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NewOcean Energy Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NewOcean Energy Holdings expected to grow at an attractive rate?
  • Unable to compare NewOcean Energy Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare NewOcean Energy Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare NewOcean Energy Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:NE6 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:NE6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NE6 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 27,792 642
2019-09-30 30,049 717
2019-06-30 32,306 -980 792
2019-03-31 31,157 -1,059 776
2018-12-31 30,008 -1,138 759
2018-09-30 27,091 -516 765
2018-06-30 24,174 107 772
2018-03-31 23,116 -144 804
2017-12-31 22,059 -394 836
2017-09-30 20,173 165 776
2017-06-30 18,287 723 717
2017-03-31 16,994 814 733

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if NewOcean Energy Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if NewOcean Energy Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NE6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from NewOcean Energy Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NE6 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.44
2019-09-30 0.49
2019-06-30 0.54
2019-03-31 0.53
2018-12-31 0.52
2018-09-30 0.52
2018-06-30 0.52
2018-03-31 0.55
2017-12-31 0.57
2017-09-30 0.53
2017-06-30 0.48
2017-03-31 0.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if NewOcean Energy Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether NewOcean Energy Holdings is trading at NewOcean Energy Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. NewOcean Energy Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. NewOcean Energy Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess NewOcean Energy Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NewOcean Energy Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NE6 Past Performance

  How has NewOcean Energy Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NewOcean Energy Holdings's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NewOcean Energy Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • NewOcean Energy Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NewOcean Energy Holdings's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
NewOcean Energy Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NewOcean Energy Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NE6 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 27,791.91 642.18 930.91
2019-09-30 30,048.82 717.07 892.64
2019-06-30 32,305.72 791.96 854.37
2019-03-31 31,156.76 775.50 854.47
2018-12-31 30,007.81 759.04 854.56
2018-09-30 27,090.67 765.29 889.02
2018-06-30 24,173.53 771.54 923.47
2018-03-31 23,116.07 803.59 889.27
2017-12-31 22,058.62 835.63 855.08
2017-09-30 20,172.66 776.15 804.07
2017-06-30 18,286.70 716.67 753.07
2017-03-31 16,993.55 733.03 722.32
2016-12-31 15,700.41 749.40 691.58
2016-09-30 15,476.58 743.75 663.58
2016-06-30 15,252.76 738.09 635.57
2016-03-31 15,383.88 747.37 634.98
2015-12-31 15,514.99 756.64 634.38
2015-09-30 16,276.50 855.87 600.98
2015-06-30 17,038.00 955.10 567.58
2015-03-31 18,335.52 927.69 524.04
2014-12-31 19,633.04 900.27 480.49
2014-09-30 18,681.17 851.50 500.10
2014-06-30 17,729.30 802.74 519.71
2014-03-31 16,081.37 793.02 510.55
2013-12-31 14,433.45 783.31 501.40
2013-06-30 13,435.25 576.78 465.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NewOcean Energy Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NewOcean Energy Holdings used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • NewOcean Energy Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NewOcean Energy Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NewOcean Energy Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NE6 Health

 How is NewOcean Energy Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NewOcean Energy Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NewOcean Energy Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NewOcean Energy Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NewOcean Energy Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NewOcean Energy Holdings Company Filings, last reported 3 months ago.

DB:NE6 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,974.12 7,054.41 2,288.68
2019-09-30 7,974.12 7,054.41 2,288.68
2019-06-30 7,716.57 6,624.77 1,604.26
2019-03-31 7,716.57 6,624.77 1,604.26
2018-12-31 7,441.88 7,174.63 2,300.29
2018-09-30 7,441.88 7,174.63 2,300.29
2018-06-30 7,213.02 4,846.00 1,111.00
2018-03-31 7,213.02 4,846.00 1,111.00
2017-12-31 6,984.55 5,347.39 1,795.98
2017-09-30 6,984.55 5,347.39 1,795.98
2017-06-30 6,430.00 4,562.62 1,658.69
2017-03-31 6,430.00 4,562.62 1,658.69
2016-12-31 5,940.95 4,292.57 1,857.60
2016-09-30 5,940.95 4,292.57 1,857.60
2016-06-30 5,712.52 5,051.51 1,237.81
2016-03-31 5,712.52 5,051.51 1,237.81
2015-12-31 5,388.62 4,950.05 1,569.94
2015-09-30 5,388.62 4,950.05 1,569.94
2015-06-30 5,271.36 5,738.58 1,671.22
2015-03-31 5,271.36 5,738.58 1,671.22
2014-12-31 4,905.78 7,427.02 1,739.84
2014-09-30 4,905.78 7,427.02 1,739.84
2014-06-30 4,403.42 7,591.15 1,046.79
2014-03-31 4,403.42 7,591.15 1,046.79
2013-12-31 4,116.80 6,655.24 1,748.93
2013-06-30 3,695.04 4,882.23 1,272.01
  • NewOcean Energy Holdings's level of debt (88.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (150.9% vs 88.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess NewOcean Energy Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NewOcean Energy Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NE6 Dividends

 What is NewOcean Energy Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from NewOcean Energy Holdings dividends.
If you bought €2,000 of NewOcean Energy Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate NewOcean Energy Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NewOcean Energy Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NE6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:NE6 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2017-09-05 0.000 0.000
2017-08-21 0.000 0.000
2017-04-26 0.000 0.000
2017-03-21 0.000 0.000
2016-04-22 0.025 1.072
2016-03-18 0.025 0.893
2015-04-14 0.066 2.033
2015-03-16 0.066 1.855
2014-04-08 0.057 1.505
2014-03-13 0.057 0.948
2013-04-09 0.038 0.726
2013-03-19 0.038 0.850
2012-03-16 0.023 1.033
2011-04-06 0.010 0.627
2011-03-18 0.010 0.667
2010-04-13 0.010 0.681
2009-04-29 0.003 0.430
2009-04-20 0.003 0.963

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as NewOcean Energy Holdings has not reported any payouts.
  • Unable to verify if NewOcean Energy Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NewOcean Energy Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NewOcean Energy Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NewOcean Energy Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NewOcean Energy Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NewOcean Energy Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NE6 Management

 What is the CEO of NewOcean Energy Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lawrence Shum
COMPENSATION HK$1,058,000
AGE 41
TENURE AS CEO 10.8 years
CEO Bio

Mr. Chun Shum, also known as Lawrence, has been the Managing Director of NewOcean Energy Holdings Limited since June 2009. Mr. Shum had been in charge of various operations ranging from retail operations, bulk sales, domestic LPG purchase and financial matters. He has been an Executive Director of NewOcean Energy Holdings Limited since June 14, 2004. Since graduation in 2001, he has pursued a career in finance and accountancy in an international accounting firm. Mr. Shum is a graduate from the University of Saskatchewan with a degree in Bachelor of Arts, majoring in Economics.

CEO Compensation
  • Lawrence's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lawrence's remuneration is lower than average for companies of similar size in Germany.
Management Team

Siu Shum

TITLE
Chairman
COMPENSATION
HK$3M
AGE
60

Lawrence Shum

TITLE
MD & Executive Director
COMPENSATION
HK$1M
AGE
41
TENURE
10.8 yrs

Ziniu Cen

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
50

Brian Siu

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
56

Man Kin Cheung

TITLE
Company Secretary
TENURE
6.8 yrs
Board of Directors Tenure

Average tenure and age of the NewOcean Energy Holdings board of directors in years:

14.5
Average Tenure
60
Average Age
  • The average tenure for the NewOcean Energy Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Siu Shum

TITLE
Chairman
COMPENSATION
HK$3M
AGE
60
TENURE
14.8 yrs

Lawrence Shum

TITLE
MD & Executive Director
COMPENSATION
HK$1M
AGE
41
TENURE
15.8 yrs

Ziniu Cen

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
50

Brian Siu

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
56
TENURE
10.8 yrs

Anthony Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$130K
AGE
67
TENURE
18.7 yrs

Benedict Chan

TITLE
Independent Non Executive Director
COMPENSATION
HK$100K
AGE
60
TENURE
14.1 yrs

Mingshe Xu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
63
TENURE
13.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Oct 19 Buy Siu Shum Individual 23. Oct 19 23. Oct 19 800,000 €0.15 €120,804
21. Oct 19 Buy Siu Shum Individual 21. Oct 19 21. Oct 19 100,000 €0.16 €16,021
18. Oct 19 Buy Siu Shum Individual 18. Oct 19 18. Oct 19 174,000 €0.16 €27,088
17. Oct 19 Buy Siu Shum Individual 17. Oct 19 17. Oct 19 300,000 €0.16 €48,829
04. Oct 19 Buy Siu Shum Individual 04. Oct 19 04. Oct 19 150,000 €0.17 €25,262
26. Sep 19 Buy Siu Shum Individual 24. Sep 19 24. Sep 19 752,000 €0.17 €129,888
12. Sep 19 Buy Siu Shum Individual 12. Sep 19 12. Sep 19 176,000 €0.18 €31,155
11. Sep 19 Buy Siu Shum Individual 11. Sep 19 11. Sep 19 300,000 €0.18 €53,938
10. Sep 19 Buy Siu Shum Individual 10. Sep 19 10. Sep 19 234,000 €0.18 €42,411
09. Sep 19 Buy Siu Shum Individual 09. Sep 19 09. Sep 19 500,000 €0.18 €89,126
04. Sep 19 Buy Siu Shum Individual 04. Sep 19 04. Sep 19 1,440,000 €0.19 €272,642
29. Aug 19 Buy Siu Shum Individual 29. Aug 19 29. Aug 19 4,550,000 €0.19 €866,282
X
Management checks
We assess NewOcean Energy Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NewOcean Energy Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NE6 News

Simply Wall St News

NE6 Company Info

Description

NewOcean Energy Holdings Limited, an investment holding company, distributes and sells liquefied petroleum gas (LPG) and natural gas, and oil products in the People’s Republic of China. The company sells LPG to industrial customers, auto-gas operators, wholesalers, bottled LPG end-users, auto-gas end-users, etc. It also trades in electronic products, such as integrated circuits and mobile phones. Further, it is involved in the property investment and development business. The company is based in Wanchai, Hong Kong. NewOcean Energy Holdings Limited is a subsidiary of Uniocean Investments Limited.

Details
Name: NewOcean Energy Holdings Limited
NE6
Exchange: DB
Founded:
HK$203,458,627
1,468,124,216
Website: http://www.newoceanhk.com
Address: NewOcean Energy Holdings Limited
The Sun's Group Centre,
23rd Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 342 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 10. Aug 1999
OTCPK NOCE.F Ordinary Shares Pink Sheets LLC US USD 10. Aug 1999
DB NE6 Ordinary Shares Deutsche Boerse AG DE EUR 10. Aug 1999
Number of employees
Current staff
Staff numbers
1,222
NewOcean Energy Holdings employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 03:58
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2020/03/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.