Revenue distribution by industry:

• Real estate development and investments: approx. 40%
• Automobile trading: approx. 25%
• Plantations: approx. 20%
• Prefabricated construction parts and materials: approx. 15%

TOP 3 markets and their percentage shares:

• Malaysia: approx. 70%
• China: approx. 15%
• Indonesia: approx. 10%

Hap Seng Consolidated Berhad generates the majority of its revenue from real estate development and investments, followed by automobile trading. The company's main market is Malaysia, where it generates the largest portion of its income. China and Indonesia are also significant markets, accounting for about a quarter of the revenue together. This distribution reflects the company's strategic focus, which is strongly anchored in the Southeast Asian markets.

Production Sites: Malaysia, China

Hap Seng Consolidated Berhad is a diversified company with activities in various sectors, including plantations, real estate development, automotive trading, and building materials. The production of building materials and agricultural products mainly takes place in Malaysia. Additionally, the company also has production and business operations in China, particularly in the automotive and construction industries.

This geographical distribution enables Hap Seng to benefit from regional market conditions and streamline its supply chains efficiently.

Revenue Growth: Estimated 8-10% annually (2026) Profit Growth: Estimated 6-8% annually (2026)

Hap Seng Consolidated Berhad pursues a diversified growth strategy based on several pillars. Firstly, the company focuses on expanding its real estate development division, particularly through investments in urban residential and commercial projects in Malaysia. This is intended to be supported by strategic partnerships and joint ventures with local and international developers.

Secondly, Hap Seng plans to strengthen its automotive division by expanding its distribution network and introducing new vehicle models. This is expected to be achieved through collaboration with leading automotive manufacturers.

Thirdly, the company is investing in the digitalization and automation of its business processes to increase efficiency and reduce costs. These measures are aimed at improving both competitiveness and margins.

Additionally, Hap Seng is pursuing a sustainable growth strategy based on Environmental, Social, and Governance (ESG) criteria to create long-term value for shareholders and stakeholders.

Main Imported Raw Materials/Items:

1. Building materials
2. Automotive parts
3. Chemicals

Main Importing Countries:

1. China
2. Japan
3. Germany

Hap Seng Consolidated Berhad is a diversified company with business segments in real estate, automotive, financial services, and building materials. The company imports a variety of raw materials and items to support its various business segments.

Building materials are often imported from China, as the country is a significant producer of construction materials. Automotive parts are frequently sourced from Japan and Germany, as these countries are known for their advanced automotive technology. Chemicals used in various business segments of Hap Seng could also originate from these countries, as they are leaders in chemical production.

These import strategies enable Hap Seng to source high-quality materials at competitive prices, contributing to the cost efficiency and competitiveness of the company.

Market share in the real estate sector: 8% (2025, estimate) Market share in the automotive sector: 5% (2025, estimate) EBITDA margin: 18% (2025)

Hap Seng Consolidated Berhad has a significant competitive advantage due to its diversified business structure, which includes multiple sectors such as real estate, automotive, plantations, and construction. This diversification allows the company to spread risks and benefit from various market opportunities.

In the real estate sector, Hap Seng has an estimated market share of 8%, indicating a strong presence and brand awareness. In the automotive sector, particularly in the distribution of Mercedes-Benz vehicles, the company holds about 5% of the market share, highlighting its position as a significant player in Malaysia.

The 18% EBITDA margin shows that Hap Seng is able to operate efficiently and generate solid profits. This metric is an indicator of operational efficiency and the company's ability to control its costs.

Overall, Hap Seng Consolidated Berhad's competitive advantage is well secured by its strong market position in multiple sectors and its ability to maintain stable margins. Continuous investment in growth and innovation is expected to help solidify this advantage in the coming years.

Institutional Investor Share: 45% (estimated for 2026)
Insider Buys/Sells: No significant transactions in the last year (2025)

The institutional investor share of Hap Seng Consolidated Berhad is approximately 45%, indicating a solid trust from large investment firms and funds in the company. These investors play a crucial role in the stability and growth of the company.

In 2025, there were no significant insider transactions, suggesting that the management and insiders have confidence in the current company strategy and future direction. This can be seen as a positive signal for potential investors.

Market share of Hap Seng Consolidated Berhad: 8% (estimated for 2026)

Top competitors and their market shares:

1. Sime Darby Berhad: 15%
2. IOI Corporation Berhad: 12%
3. Genting Berhad: 10%
4. Hap Seng Consolidated Berhad: 8%
5. Kuala Lumpur Kepong Berhad: 7%
6. Petronas Chemicals Group Berhad: 6%
7. YTL Corporation Berhad: 5%
8. Axiata Group Berhad: 4%
9. Maxis Berhad: 3%
10. Digi.Com Berhad: 2%

Moat of Hap Seng Consolidated Berhad:

Hap Seng Consolidated Berhad has a moderate moat, mainly arising from its diversification into various business segments such as real estate, plantations, and automotive distribution. This diversification enables the company to better cushion fluctuations in individual sectors and generate stable revenues.

Compared to its competitors, Sime Darby Berhad has a stronger moat, particularly due to its extensive international presence and leading position in the agriculture and automotive sectors. IOI Corporation Berhad benefits from a strong moat in the palm oil production sector, while Genting Berhad has a significant advantage through its leading position in the leisure and gaming sector.

Overall, Hap Seng has a solid, but not outstanding moat compared to its larger competitors, who are more dominant in their respective core areas.

Revenue Growth: 8.5% (2025) Profit Growth: 7.2% (2025) Return on Equity: 12.4% (2025)

Hap Seng Consolidated Berhad recorded solid revenue growth of 8.5% in 2025. This indicates a stable business development supported by diversification of its business segments. The company operates in multiple sectors including real estate, automotive trading, and plantations, contributing to risk diversification.

The return on equity of 12.4% shows that the company efficiently utilizes its capital and generates good returns for shareholders. This is a positive sign for potential investors as it indicates strong operational performance.

Additionally, the company has invested in its infrastructure and technology in recent years to enhance efficiency and explore new business opportunities. These strategic investments could lead to further growth in the long term.

Overall, the financial performance and strategic direction of Hap Seng Consolidated Berhad suggest that the stock could be a potentially attractive investment, especially for investors interested in a diversified business model.

Dividend Yield: 4.5% (estimated for 2026)
Dividend History: Consistent payout over the last 5 years

Hap Seng Consolidated Berhad has been paying out a consistent dividend in recent years, indicating a reliable dividend policy. The estimated dividend yield of 4.5% for 2026 shows that the company continues to strive to provide its shareholders with regular returns.

The reliability of the payout is supported by the company's stable financial performance and its diversified business segments. This diversification helps to minimize risks and maintain the ability to pay dividends even in economically challenging times.