Keck Seng (Malaysia) Bhd.

Keck Seng (Malaysia) Bhd.

MMYX:KSENG
4.74
MYR
-0.06
(-1.25%)
11.51P/E
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
2.58
3.02
2.66
2.92
3.31
2.69
2.72
2.43
3.65
5.09
3.81
4.43
4.54
4.34
Basic EPS, GAAP
0.41
0.36
0.38
0.35
0.06
0.1
0.25
-0.18
0.22
0.56
0.67
0.4
0.35
0.44
Free Cash Flow per Basic Share
0.21
-0.47
0.03
0.1
0.07
0.18
0.22
-0.09
0.2
0.66
0.27
0.44
0.43
0.22
Dividend per Share
0.08
0.11
0.1
0.1
0.1
0.1
0.1
- -
- -
0.1
0.14
0.15
0.13
0.04
Book Value per Share
5.55
5.65
5.86
6.16
6.63
6.25
6.25
6
6.29
6.78
7.61
7.83
7.95
8.11
Tangible Book Value per Share
5.52
5.61
5.82
6.11
6.58
6.2
6.25
6
6.29
6.78
7.61
7.83
7.95
8.11
Basic Weighted Avg Shares
360
360
360
359
359
359
359
359
359
359
359
359
359
359
Sales/Revenue/Turnover
930
1,087
958
1,049
1,189
967
979
874
1,312
1,828
1,371
1,593
1,632
1,559
Operating Margin (%)
11.17
10.5
-2.92
9.56
6.32
8.19
13.01
-11.99
5.94
9.43
11.19
9.93
8.82
15.07
Depreciation Expense
24
28
34
33
37
38
40
39
33
33
29
31
31
- -
Net Income, GAAP
149
130
135
124
23
36
88
-65
79
202
241
143
127
160
Effective Tax Rate (%)
18.66
22.75
12.56
17.33
25.69
43.66
9.95
- -
23.89
18.59
12.93
24.27
23.47
22.76
Profit Margin (%)
16
11.94
14.1
11.85
1.92
3.77
9.02
-7.38
6.02
11.03
17.56
9
7.81
10.25
Working Capital
1,141
1,186
1,199
951
1,133
1,046
912
1,089
1,211
1,197
1,390
1,462
1,468
1,591
LT Debt
- -
239
277
- -
220
213
- -
169
176
3
68
60
- -
58
Total Equity
2,138
2,170
2,245
2,358
2,522
2,396
2,392
2,294
2,397
2,581
2,786
2,868
2,918
2,976
Return on Invested Capital (%)
4.08
3.85
-0.98
3.19
2.06
1.65
4.36
- -
2.3
5.19
4.73
4.09
3.68
6.04
Return on Capital (%)
7.3
5.81
5.53
4.85
1.04
1.43
3.52
- -
3.38
7.4
8.13
4.74
4.09
5.19
Return on Common Equity (%)
7.75
6.43
6.52
5.75
1
1.58
3.93
-2.94
3.58
8.59
9.31
5.16
4.49
5.6

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
83
74
23
LT Borrowings
- -
- -
55
LT Finance Leases
- -
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
359
359
359
Market Capitalization
1,980
1,894
1,840

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,757
1,776
1,868
Cash, Cash Equivalents & STI
1,320
1,320
1,356
Accounts Receivable, Net
80
85
111
Inventories
259
280
281
Total Current Liabilities
289
274
277
Payables & Accruals
- -
- -
- -
ST Debt
83
74
23
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.75%
4.96%
1.72%
Free Cash Flow
16.15%
-21.1%
-1.79%
Net Income, GAAP
-16.05%
-19.89%
-11.06%
Sales/Revenue/Turnover
7.77%
16.6%
2.48%
Total Cash Common Dividend
- -
- -
-13.33%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
343
401
441
407
1,593
2025
396
419
394
424
1,632
2026
296
446
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
0.13
-0.1
0.23
0.4
2025
0.12
0.07
0.15
0.04
0.35
2026
0.09
0.17
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.05
0.15
2025
- -
- -
- -
0.04
0.13
2026
- -
- -
- -
- -
- -

Company Description

CEO
Kian Hock Ho
Full Time Employees
1,098
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
8½ miles off Kong Kong Road Masai KUL Malaysia 81757
IPO Date
May 26, 1977
Business
Keck Seng (Malaysia) Berhad engages primarily in the cultivation of oil palm, processing and marketing of refined palm oil products; operation of hotels and resorts; property development and investment; and share investment activities. The company, founded in 1943 and headquartered in Iskandar Puteri, Johor, Malaysia, maintains an integrated palm oil complex in Masai, Johor, encompassing plantations spanning 3,322 hectares (3,187 hectares under oil palm), a palm oil mill, kernel crushing plant, and refinery producing refined palm oils including palm mid fraction via its newly commissioned Dry Fractionation Plant 3; it operates three hotels including DoubleTree by Hilton Alana Waikiki Beach in Honolulu, Hawaii, SpringHill Suites New York Midtown Manhattan, and Delta Hotels by Marriott Toronto Airport and Conference Centre; develops residential, commercial, and industrial properties in Johor projects such as Bandar Baru Kangkar Pulai (with Centralis 72 shop offices), Tanjong Puteri Resort (Alysia II and Aster II launches), Taman Daya (Greenwoods Residence and upcoming Daya 1 Residence condominium), and Taman Bukit Cahaya; and invests in properties like Menara Keck Seng and Regency Tower in Kuala Lumpur. Operations extend principally to Malaysia, with hotels in the United States and Canada, property sales in Singapore, and palm oil marketing in Hong Kong. Recent developments include a 17.5% rise in fresh fruit bunches production and 13.5% increase in crude palm oil output in 2024 driven by improved efficiencies and weather; 8.7% growth in refined oil production following Dry Fractionation Plant 3 commissioning in Q1 2024 and launches of ISCC-certified waste oil and spent bleaching earth; robust property sales from Johor-Singapore Rapid Transit System and Special Economic Zone catalysts, with new launches achieving up to 100% take-up, Menara Keck Seng rental income up 8.1% from Chinese tenant demand, and Regency Tower occupancy gains via retrofitting completed in 2024 with further upgrades in 2025; strong hotel performances with SpringHill Suites New York ADR exceeding USD300, Delta Toronto RevPAR up 5%, and DoubleTree Waikiki occupancy at 89%; and initiation of sustainability department, electrostatic precipitator installation, and renovation works at Menara Keck Seng commencing Q1 2025.