1. Malaysia Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Hap Seng Plantations Holdings Bhd.

Hap Seng Plantations Holdings Bhd.

MMYX:HSPLANT
2.30
MYR
+0.02
(+0.88%)
14.18P/E
Nov 25Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.55
0.62
0.54
0.63
0.69
0.49
0.52
0.58
0.84
1.02
0.84
0.94
0.88
0.95
Basic EPS, GAAP
0.12
0.16
0.12
0.16
0.14
0.04
0.04
0.11
0.28
0.26
0.11
0.26
0.16
0.17
Free Cash Flow per Basic Share
0.16
0.15
0.04
0.07
0.08
0.03
0.05
0.1
0.27
0.21
0.11
0.18
0.24
0.23
Dividend per Share
0.08
0.13
0.08
0.08
0.13
0.08
0.01
0.03
0.07
0.2
0.08
0.07
0.13
0.08
Book Value per Share
2.4
2.44
2.48
2.08
2.09
2.05
2.07
2.14
2.35
2.41
2.44
2.63
2.66
2.66
Tangible Book Value per Share
2.4
2.44
2.48
2.08
2.09
2.05
2.07
2.14
2.35
2.41
2.44
2.63
2.66
2.66
Basic Weighted Avg Shares
800
800
800
800
800
800
800
800
800
800
800
800
800
800
Sales/Revenue/Turnover
443
496
435
503
555
391
419
468
671
815
668
752
702
761
Operating Margin (%)
31.06
35.53
27.65
33.2
26.47
9.51
9.4
23.72
43.61
32.77
18.48
36.01
23.55
22.99
Depreciation Expense
28
29
30
33
76
78
88
88
86
85
86
85
87
- -
Net Income, GAAP
98
128
96
124
109
29
31
90
224
210
91
205
125
132
Effective Tax Rate (%)
29.17
27.12
19.78
25.74
25.67
21.65
13.98
16.7
22.82
20.33
24.02
23.58
23.08
23.09
Profit Margin (%)
22
25.89
22.18
24.65
19.68
7.45
7.51
19.31
33.39
25.82
13.68
27.2
17.78
17.34
Working Capital
188
195
192
218
220
190
192
332
594
617
639
806
809
809
LT Debt
- -
- -
- -
- -
- -
- -
50
46
43
58
58
53
63
59
Total Equity
1,924
1,948
1,980
1,664
1,669
1,638
1,653
1,715
1,883
1,929
1,953
2,103
2,128
2,128
Return on Invested Capital (%)
5.1
6.59
4.88
6.78
6.52
1.76
2.02
5.29
12.16
10.81
4.67
9.89
5.81
6.22
Return on Capital (%)
5.11
6.63
4.91
6.81
6.55
1.76
2.02
5.31
12.2
10.82
4.67
9.89
5.82
6.23
Return on Common Equity (%)
5.11
6.63
4.91
6.81
6.55
1.76
1.91
5.36
12.45
11.03
4.71
10.09
5.9
6.31

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
13
13
13
LT Borrowings
- -
- -
- -
LT Finance Leases
63
60
59
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
800
800
800
Market Capitalization
1,735
1,903
1,871

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
890
835
889
Cash, Cash Equivalents & STI
722
665
782
Accounts Receivable, Net
7
63
17
Inventories
149
103
89
Total Current Liabilities
81
66
80
Payables & Accruals
- -
- -
- -
ST Debt
13
13
13
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.95%
4.47%
1.18%
Free Cash Flow
37.83%
37.49%
33.79%
Net Income, GAAP
30.89%
34.08%
-38.98%
Sales/Revenue/Turnover
6.82%
10.58%
-6.65%
Total Cash Common Dividend
- -
59.63%
83.82%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
159
183
177
233
752
2025
179
156
170
197
702
2026
192
202
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.03
0.07
0.11
0.26
2025
0.03
0.02
0.07
0.04
0.16
2026
0.01
0.05
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
0.02
- -
0.07
2025
0.11
- -
0.02
- -
0.13
2026
0.06
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ming Foo Lee
Full Time Employees
7,968
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Menara Hap Seng Kuala Lumpur WP Malaysia 50250
IPO Date
Nov 16, 2007
Website
hapsengplantations.com.my
Similar Companies
Patanjali Foods Limited (NSE:PATANJALI)
Tilray Brands, Inc. (NASDAQ:TLRY)
Archer-Daniels-Midland Company (NYSE:ADM)
Corteva, Inc. (NYSE:CTVA)
Canopy Growth Corporation (NASDAQ:CGC)
Balrampur Chini Mills Ltd (NSE:BALRAMCHIN)
Business
Hap Seng Plantations Holdings Berhad is a Malaysia-based oil palm plantation company focused on upstream activities in the palm oil industry, including the cultivation of oil palms, harvesting of fresh fruit bunches and processing into crude palm oil and palm kernel at its own mills. The company produces crude palm oil, palm kernel and fresh fruit bunches; it operates six estates spanning a total landbank of approximately 40,000 hectares, of which about 36,000 hectares are planted with oil palm, and four RSPO-certified palm oil mills, all located in key regions of Sabah, East Malaysia, such as Lahad Datu, Tawau and Kota Marudu. Its estates include the Jeroco Group (JGOE), Tomanggong Group (TMGOE), Sungai Segama Group (SSGOE), Ladang Kawa, Pelipikan and Kota Marudu; the company emphasizes sustainable practices, including RSPO certification, biodiversity conservation efforts like riparian buffer zones and high conservation value areas, and integrated pest management with beneficial plants to reduce pesticide use. A subsidiary of Hap Seng Consolidated Berhad, it was founded in 1946 and is headquartered in Kuala Lumpur, with operations targeting palm oil production primarily in Sabah for domestic and international markets. In recent developments, the company demonstrates potential for privatization given its strong balance sheet and undervaluation, as highlighted in sector M&A trends amid high crude palm oil prices; it maintains steady replanting programs with capital expenditure of RM44.8 million in the first half of 2025 despite rising input costs, positioning it for earnings recovery in the second half of 2025 supported by seasonal production strength and on-track productivity enhancements; financial year 2024 results showed revenue of RM752.4 million and profit attributable to owners of RM204.6 million, reflecting operational efficiency with one of the highest fresh fruit bunch yields in Sabah.