HSPLANT Hap Seng Plantations — 5138.KL Pure-play upstream palm oil in Sabah — ~40k ha landbank, RSPO/ISCC/MSPO/Halal certifications, and one of the sector's cleanest balance sheets low leverage, net-cash bias . SC Malaysia Shariah-compliant screen; dividend grew sharply into FY2024. Full CPO price exposure — no own downstream refinery buffer. Hap Seng Plantations Holdings Bhd Bursa: HSPLANT / 5138.KL cultivates oil palm across four estates and mills in Lahad Datu, Tawau, and Kota Marudu ~36k ha planted of ~40k ha landbank . FY2024 dividend 12.5 sen/share +84% vs 6.8 sen FY2023 ; net assets RM2.63/share 31 Dec 2024 . Parent Hap Seng Consolidated Berhad ~53% — credit-financing sits at parent, not in HSPLANT accounts that passed SC Shariah review effective 30 May 2025 . Pend Bursa Sharia deep-dive mirrors EGX/ADX/Tadawul methodology — research only. Fresh fruit bunches → CPO at company mills; export and domestic sales; certified sustainable palm with premium-market relevance. Research Pend publishes — not investment advice. Users apply their own mandate.

HSPLANT (Hap Seng Plantations — 5138.KL)

Pure-play upstream palm oil in Sabah — ~40k ha landbank, RSPO/ISCC/MSPO/Halal certifications, and one of the sector's cleanest balance sheets (low leverage, net-cash bias). SC Malaysia Shariah-compliant screen; dividend grew sharply into FY2024. Full CPO price exposure — no own downstream refinery buffer.

Hap Seng Plantations Holdings Bhd (Bursa: HSPLANT / 5138.KL) cultivates oil palm across four estates and mills in Lahad Datu, Tawau, and Kota Marudu (~36k ha planted of ~40k ha landbank). FY2024 dividend 12.5 sen/share (+84% vs 6.8 sen FY2023); net assets RM2.63/share (31 Dec 2024). Parent Hap Seng Consolidated Berhad ~53% — credit-financing sits at parent, not in HSPLANT accounts that passed SC Shariah review (effective 30 May 2025). Pend Bursa Sharia deep-dive mirrors EGX/ADX/Tadawul methodology — research only.

Fresh fruit bunches → CPO at company mills; export and domestic sales; certified sustainable palm with premium-market relevance.

Research Pend publishes — not investment advice. Users apply their own mandate.