TEK SENG HOLDINGS BHD (TEKSENG)
TEKSENG Chart
1D • MYX
9 Oct, 04:39 am
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Company Profile: Tek Seng Holdings Bhd (7200)
Company Profile: Tek Seng Holdings Bhd (7200)
Picture a factory in Seberang Perai, Penang, quietly operating for over 30 years. Their PVC products find their way into synthetic leather bags, industrial packaging at surrounding factories, and increasingly, into solar energy infrastructure. That is Tek Seng Holdings - a Penang legacy company slowly transforming from a pure PVC manufacturer into an industrial conglomerate with growing property and renewable energy dimensions that the market has largely overlooked.
Company Overview
| Company Name | Tek Seng Holdings Bhd |
| Stock Code | 7200 (TEKSENG) |
| Exchange | Main Market, Bursa Malaysia (MYX) |
| Listed Since | 2006 |
| Headquarters | Seberang Perai, Penang |
| Sector | Consumer Products & Services (Household Goods) |
| Shariah Status | ✅ Shariah-Compliant |
| Market Cap | ~RM 95.6 million (micro-cap) |
| Shares Outstanding | ~360.67 million |
4 Business Segments
| Segment | Description |
|---|---|
| PVC Sheeting | The legacy 30+ year core business. Manufactures PVC sheets for industrial and consumer applications - bags, packaging, lining materials. |
| PP Non-Woven | Polypropylene non-woven fabric products. Received a significant COVID-era boost (PPE demand). Now normalized to steady-state competitive levels. |
| PVC Leather | Trading of synthetic PVC leather products. Lower-margin trading segment with lighter working capital requirements. |
| Solar | Solar PV products (cells, panels, modules) via MoU with Taiwan's Solartech Energy Corp. Was previously suspended, now back to profitability. 📈 |
Ownership Structure
Tek Seng is a family-controlled company founded by Loh Phah Seng, now helmed by his sons:
- Loh Kok Beng - ~21% stake (Managing Director / CEO)
- Loh Kok Cheng - ~20% stake (Executive Director)
- Combined family ownership: ~41% - strong majority control
💡 41% insider ownership means the Loh family's financial interests are directly aligned with minority shareholders - a positive signal for governance alignment.
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