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TKK Symphony Acquisition

Nasdaq:TKKS.U
Snowflake Description

Overvalued with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TKKS.U
Nasdaq
$72M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

TKK Symphony Acquisition Corporation intends to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The last earnings update was 5 days ago. More info.


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TKKS.U Share Price and Events
7 Day Returns
0.1%
NasdaqCM:TKKS.U
1%
US Capital Markets
0.7%
US Market
1 Year Returns
3.6%
NasdaqCM:TKKS.U
8.6%
US Capital Markets
13.7%
US Market
TKKS.U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TKK Symphony Acquisition (TKKS.U) 0.1% 0.1% - 3.6% - -
US Capital Markets 1% 5.5% 7.4% 8.6% 34.5% 59.9%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • TKKS.U underperformed the Capital Markets industry which returned 8.6% over the past year.
  • TKKS.U underperformed the Market in United States of America which returned 13.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is TKK Symphony Acquisition 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
Here we compare the current share price of TKK Symphony Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TKK Symphony Acquisition.

NasdaqCM:TKKS.U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.72 * 72.5%
$0.52
Book Value of Equity per Share Median Book Value from the past 5 years. $0.72
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:TKKS.U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 25%) (1.18%))
0.839
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.839 * 6.65%)
8.31%

Discounted Cash Flow Calculation for NasdaqCM:TKKS.U using Excess Returns Model Model

The calculations below outline how an intrinsic value for TKK Symphony Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:TKKS.U Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (72.5% – 8.31%) * $0.72)
$0.46
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.46 / (8.31% - 2.73%)
$8.29
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.72 + $8.29
$9.01
NasdaqCM:TKKS.U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NasdaqCM:TKKS.U represents 1.02929x of NasdaqCM:TKKS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02929x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 9.01 x 1.02929
$9.28
Value per share (USD) From above. $9.28
Current discount Discount to share price of $10.54
= -1 x ($10.54 - $9.28) / $9.28
-13.6%

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

  • The current share price of TKK Symphony Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 TKK Symphony Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TKK Symphony Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:TKKS.U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.34
NasdaqCM:TKKS Share Price ** NasdaqCM (2019-11-18) in USD $10.24
United States of America Capital Markets Industry PE Ratio Median Figure of 88 Publicly-Listed Capital Markets Companies 37.79x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

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

** Primary Listing of TKK Symphony Acquisition.

NasdaqCM:TKKS.U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:TKKS Share Price ÷ EPS (both in USD)

= 10.24 ÷ 0.34

30.04x

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

  • TKK Symphony Acquisition is good value based on earnings compared to the US Capital Markets industry average.
  • TKK Symphony Acquisition is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does TKK Symphony Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:TKKS.U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.9%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 38 Publicly-Listed Capital Markets Companies 2.02x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*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 TKK Symphony Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TKK Symphony Acquisition's assets?
Raw Data
NasdaqCM:TKKS.U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.72
NasdaqCM:TKKS Share Price * NasdaqCM (2019-11-18) in USD $10.24
United States of America Capital Markets Industry PB Ratio Median Figure of 155 Publicly-Listed Capital Markets Companies 6.4x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqCM:TKKS.U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:TKKS Share Price ÷ Book Value per Share (both in USD)

= 10.24 ÷ 0.72

14.26x

* Primary Listing of TKK Symphony Acquisition.

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

  • TKK Symphony Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess TKK Symphony Acquisition'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. TKK Symphony Acquisition has a total score of 1/6, 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.

Future Performance

 How is TKK Symphony Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover TKK Symphony Acquisition, future earnings growth has been estimated based on fundamentals.
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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TKK Symphony Acquisition expected to grow at an attractive rate?
  • TKK Symphony Acquisition's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TKK Symphony Acquisition's earnings growth is positive but not above the United States of America market average.
  • Unable to compare TKK Symphony Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:TKKS.U Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:TKKS.U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.9%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.3%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:TKKS.U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:TKKS.U Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 -1 2
2019-06-30 -1 -1
2019-03-31 -1 0
2018-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TKK Symphony Acquisition's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if TKK Symphony Acquisition 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
NasdaqCM:TKKS.U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from TKK Symphony Acquisition Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TKKS.U Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.34
2019-06-30 -0.12
2019-03-31 -0.07
2018-12-31 -0.04

*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 TKK Symphony Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TKK Symphony Acquisition'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
TKK Symphony Acquisition has a total score of 1/6, 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.

Past Performance

  How has TKK Symphony Acquisition 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 TKK Symphony Acquisition's growth in the last year to its industry (Capital Markets).
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.
  • Unable to establish if TKK Symphony Acquisition's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare TKK Symphony Acquisition's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • TKK Symphony Acquisition has been loss making too recently or no data is available, we can't compare it to the US Capital Markets industry average.
Earnings and Revenue History
TKK Symphony Acquisition'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 TKK Symphony Acquisition Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TKKS.U Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2.37
2019-06-30 -0.90
2019-03-31 -0.47
2018-12-31 -0.27

*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.
  • TKK Symphony Acquisition made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if TKK Symphony Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if TKK Symphony Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess TKK Symphony Acquisition'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 Capital Markets 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.
TKK Symphony Acquisition 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.

Health

 How is TKK Symphony Acquisition'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 TKK Symphony Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TKK Symphony Acquisition's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • TKK Symphony Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of TKK Symphony Acquisition'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x 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 TKK Symphony Acquisition Company Filings, last reported 1 month ago.

NasdaqCM:TKKS.U Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 5.00 0.85 0.05
2019-06-30 5.00 0.35 0.14
2019-03-31 5.00 0.00 0.13
2018-12-31 5.00 0.00 0.41
  • TKK Symphony Acquisition's level of debt (17%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if TKK Symphony Acquisition's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on TKK Symphony Acquisition's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess TKK Symphony Acquisition'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. TKK Symphony Acquisition has a total score of 1/6, 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.

Dividends

 What is TKK Symphony Acquisition'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 TKK Symphony Acquisition dividends.
If you bought $2,000 of TKK Symphony Acquisition 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 TKK Symphony Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TKK Symphony Acquisition'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
NasdaqCM:TKKS.U 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
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as TKK Symphony Acquisition has not reported any payouts.
  • Unable to verify if TKK Symphony Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TKK Symphony Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TKK Symphony Acquisition 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 TKK Symphony Acquisition'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 TKK Symphony Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TKK Symphony Acquisition 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.

Management

 What is the CEO of TKK Symphony Acquisition'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
Sing Wang
AGE 56
TENURE AS CEO 1.8 years
CEO Bio

Mr. Sing Wang has been Chief Executive Officer and Chairman of TKK Symphony Acquisition Corporation since February 5, 2018. Mr. Wang has been Chief Executive Officer and Director of CM Seven Star Acquisition Corp. since February 19, 2018. Mr. Wang has been an Independent Director of Vitamin Shoppe Inc. since April 24, 2018. Mr. Wang serves as Vice General Manager of CMIG Capital Company Limited since May 2017 and served as Senior Advisor to TPG China Limited (Growth Platform) from September 2015 to December 2017. Mr. Wang is an Advisor and Special Mentor at Harbor Pacific Capital LLC. He served at Headland Capital Partners Limited. He was a Partner at TPG Growth, where he joined TPG Growth on May 29, 2006 from TOM Group. Mr. Wang served as Chief Executive Officer of China Minsheng Financial Holding Corporation Limited since February 17, 2016 and until May 8, 2017 and served as its Executive Director since February 17, 2016 until May 10, 2017. Mr. Wang was a Global Partner, Senior Advisor, Co-Chairman of TPG Greater China and as well as Head of TPG RMB Funds. From 2006 to 2015, Mr. Wang was a Partner at TPG Growth Capital (Asia) Limited (previously known as Texas Pacific Group). He served as the Chief Executive Officer and Executive Director of TOM COM LTD since July 2000. He served as an Executive Director and Chief Executive Officer of TOM Group Limited from July 28, 2000 to January 27, 2006. He led TOM Group Ltd. through more than 40 acquisitions and strategic alliances, consolidating major media assets and building a media company of unparalleled scope and scale in Greater China. He served as the Chief Executive Officer at TOM Outdoor Media Group Ltd. He served as Head of TPG Growth North Asia from May 2006 to August 2015. Mr. Wang is one of the most experienced private equity Investors in Greater China. Prior to TOM Group, Ltd., he served as an Executive Director and Head of China High Technology, Hong Kong at The Goldman Sachs Group, Inc. Mr. Wang was responsible for Goldman Sachs' Mainland China investment projects. He joined Goldman Sachs in 1993 and was a Founding Member of the Asian private equity team and also worked in the Equity Capital markets and Corporate Finance divisions. Since 1999, Mr. Wang served as the Head of Goldman High Technology Group’s China High Technology team. Prior to Goldman Sachs, he was an Associate at Wardley Direct Investment Management Ltd., a Strategic Consultant at McKinsey & Company, Inc. for three years and did a brief stint at HSBC Direct Investment Management at HSBC Private Equity. In 1991, Mr. Wang founded Amerinvest Group of companies. He has served as the Chairman of TKK Capital since 2015. He also worked for two years at the Chinese Academy of Sciences. Mr. Wang serves as the Chairman of Amerinvest Group of Companies since 1991. He has been Chairman of Texas Kang Kai Group of Companies since 2015. He served as the Executive Chairman of Evolution Media China since January 2016 until November 2017. He served as Chairman of China Entertainment Television Broadcast Limited. Mr. Wang was the Chairman of Private Equity Association from May 2011 to November 2015. Mr. Wang serves as Vice Chairman at West China Coking & Gas Company Limited. He served as a Vice Chairman and a Non-Executive Director at TOM Online Inc. until January 27, 2006. He was an Independent Non-Executive Director of Sands China Ltd. since July 14, 2017 until October 11, 2018. He serves as a Director of MI Energy, China Vogue Casualwear and Yunnan Red. Mr. Wang serves as a Member of Board of Governors at China Venture Capital and Private Equity Association. He served as a Non-Executive Director of MIE Holdings Corporation from June 22, 2010 to November 13, 2015. He served as a Director of Cite Publishing Limited (Taiwan). He served as a Director of China Resources Land Limited from August 1996 to January 1999. Mr. Wang served as a Director of ShangPharma Corporation. He served as an Executive Director at TOM Group Ltd. from July 2000 to January 2006. He served as a Non-Executive Director of China Renewable Energy Investment Limited from June 8, 2011 to October 22, 2015. He was a Member of the Listing Committee of the Stock Exchange from June 2011 to May 2013. Mr. Wang also holds several business and community appointments. His achievements have been recognized in the media sector with the award of top 10 “China Media People 2005”. Mr. Wang was selected by Cai Jing Shi Bao as one of the “Top 10 China IT Business People” in 2003. Subsequently, he won the “Executive Award” in the 2004 DHL/SCMP Hong Kong Business Award and also became a Member of the “Young Global Leaders” under the World Economic Forum. From mid-1993 until mid- 2000 he served in various positions at Goldman Sachs Hong Kong / New York. He also won the award of “China Media People 2005” and “China's Venture Capital Award for Outstanding Investor from 1998 to 2008”. Mr. Wang won the Executive Award in the 2004 DHL/South China Morning Post Hong Kong Business Award. Mr. Wang graduated from Yunnan University, China, with a Bachelor of Science degree in Chemistry in 1982. He holds a Master of Science degree in Land Management/Forestry and its Relation to Land Use in 1989, a Bachelor of Arts degree in Philosophy, Politics and Economics and Master of Arts in 1996, all from the University of Oxford, UK. Mr. Wang serves as Director of Kaixin Auto Holdings.

CEO Compensation
  • Insufficient data for Sing to compare compensation growth.
  • Insufficient data for Sing to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TKK Symphony Acquisition management team in years:

1.8
Average Tenure
56
Average Age
  • The average tenure for the TKK Symphony Acquisition management team is less than 2 years, this suggests a new team.
Management Team

Sing Wang

TITLE
CEO & Chairman
AGE
56
TENURE
1.8 yrs

Ian Lee

TITLE
CFO & Director
AGE
49
TENURE
1.8 yrs

Ronald Nathaniel Issen

TITLE
Chief Investment Officer
AGE
57
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the TKK Symphony Acquisition board of directors in years:

1.3
Average Tenure
56
Average Age
  • The average tenure for the TKK Symphony Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sing Wang

TITLE
CEO & Chairman
AGE
56
TENURE
1.8 yrs

Ian Lee

TITLE
CFO & Director
AGE
49
TENURE
1.3 yrs

James Heimowitz

TITLE
Independent Director
AGE
57
TENURE
1.3 yrs

Steven Markscheid

TITLE
Independent Director
AGE
65
TENURE
1.3 yrs

Zhe Zhang

TITLE
Independent Director
AGE
44
TENURE
1.3 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 ($) Value ($)
X
Management checks
We assess TKK Symphony Acquisition'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. TKK Symphony Acquisition 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.

News

Simply Wall St News

Company Info

Description

TKK Symphony Acquisition Corporation intends to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The company was founded in 2018 and is based in Admiralty, Hong Kong.

Details
Name: TKK Symphony Acquisition Corporation
TKKS.U
Exchange: NasdaqCM
Founded: 2018
$71,972,321
7,028,547
Website: http://
Address: TKK Symphony Acquisition Corporation
2039, United Center,
2nd Floor,
Admiralty,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM TKKS Ordinary Shares Nasdaq Capital Market US USD 12. Sep 2018
NasdaqCM TKKS.U Units Nasdaq Capital Market US USD 16. Aug 2018
Number of employees
Current staff
Staff numbers
0
TKK Symphony Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 00:59
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.