What Matang does

Matang Berhad is a Malaysian public investment holding company listed on the ACE Market of Bursa Malaysia Securities Berhad since 17 January 2017, headquartered in Kuala Lumpur. Its principal activity is investment holding, with three operating subsidiaries — Matang Holdings Berhad (MHB), Matang Agriculture and Plantation (Segamat) Sdn Bhd (MAPS), and Matang Agriculture and Plantation (Yong Peng) Sdn Bhd (MAPYP, acquired July 2023) — collectively engaged in oil palm plantation management, sale of Fresh Fruit Bunches (FFB), durian cultivation, and property investment holding.

The group's asset base comprises 1,013.03 hectares of oil palm plantation (975.39 ha in Segamat/Tangkak plus 37.64 ha in Yong Peng), 118.03 hectares of durian plantation (100.94 ha in Segamat plus 17.09 ha in Yong Peng), and 1.295 hectares of leasehold industrial land in Johor Bahru with three detached buildings. Matang states it has historically outperformed Johor State production yields on its oil palm operations. Core technology is traditional plantation cultivation and management with no proprietary features, patents, trademarks, or technology platforms disclosed.

The business model is B2B commodity sales: Fresh Fruit Bunches are sold directly to palm oil mills and processors at market prices linked to crude palm oil (CPO), durians are sold to distributors and fresh produce buyers, and industrial properties are leased to multiple tenants on short-term 1-3 year arrangements for recurring rental income. Revenue is therefore directly exposed to CPO price volatility, macroeconomic conditions, and climate factors. As of 30 June 2023, consolidated net assets stood at RM246.80 million with a market capitalisation of approximately RM215 million. Headcount is in the 101-250 range.

Name

Matang

Legal name

Matang Berhad (201501017043) (1142377-X)

Website

https://matangbhd.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Matang Berhad is a Malaysian public investment holding company listed on Bursa Malaysia's ACE Market, managing 1,013 ha of oil palm and 118 ha of durian plantations across Johor, selling Fresh Fruit Bunches to palm oil mills and leasing industrial property in Johor Bahru.

Ownership category

akta.pro rank

Product category

Plantation Agriculture

NAICS

Citrus (except Orange) Groves (11132)

SIC

Agricultural Services (700)

akta.pro primary industry

Palm Oil Milling, Refining & Fractionation (AFAKAEAB)

akta.pro secondary industries

Coconut & Date Palm Plantations (Coconuts, Dates) (AFAGACAH), Natural Resources — Farmland & Agriculture (FSAAAKAI)

Keywords

• Oil palm plantations
• Fresh fruit bunches
• Durian cultivation
• Plantation management
• Property investment

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Others

Revenue model

1. Fresh Fruit Bunches (FFB) Sales: Sale of Fresh Fruit Bunches (FFB) harvested from oil palm plantations. Revenue is tied to crude palm oil (CPO) market prices and is subject to volatility from macroeconomic, political, and climatic factors.
2. Durian Sales: Sale of durian produce from durian plantations as part of the business diversification strategy approved by shareholders in November 2019.
3. Property Rental Income: Rental income from leasehold industrial land (1.295 ha) in Johor Bahru with three detached buildings rented to multiple tenants on short-term basis (1-3 years).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Matang Berhad is an investment holding company that, through its wholly-owned subsidiaries, owns and manages oil palm and durian plantations across approximately 1,150 hectares in Johor, Malaysia. It generates revenue from the sale of Fresh Fruit Bunches (FFB) harvested from oil palm estates, the sale of durian produce, and rental income from leasehold industrial land with three detached buildings in Johor Bahru.

Product overview

Matang Berhad is a public listed investment holding company on the ACE Market of Bursa Malaysia Securities Berhad. The company operates three core business segments: Oil Palm Business (plantations and FFB sales), Durian Business (durian plantations, processing, and distribution), and Property Investment Holding (industrial property rental). The group structure includes wholly-owned subsidiaries MHB, MAPS, and MAPYP. MAPS manages 1,094.15 ha of oil palm (975.39 ha) and durian (100.94 ha) plantations in Segamat, while MAPYP manages 56.226 ha in Yong Peng. Total plantation land spans approximately 1,150 hectares.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil Palm Business
• Durian Business
• Property Investment Holding

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• TH Plantations Berhad: TH Plantations is a smaller-cap Malaysian oil palm plantation company listed on Bursa Malaysia, focused on upstream FFB production across Peninsular Malaysia, Sabah and Sarawak. Closest size and business-model analogue to Matang among Malaysian plantation peers.
• IJM Plantations Berhad: IJM Plantations operates oil palm estates in Malaysia (Sabah/Sarawak) and Indonesia with FFB and downstream milling exposure. Comparable mid-tier Malaysian plantation operator with similar upstream FFB-led revenue model.
• United Plantations Berhad: United Plantations operates integrated oil palm plantations in Malaysia and Indonesia with a strong reputation for yield outperformance and sustainability. Highly comparable to Matang on plantation management focus and Johor/Malaysian operational footprint.
• Kuala Lumpur Kepong Berhad: KLK is one of Malaysia's largest diversified plantation operators with extensive oil palm estates in Malaysia and Indonesia, plus downstream manufacturing. Directly comparable to Matang's core oil palm/FFB business model at significantly larger scale, and also engaged in tree-crop diversification.
• Genting Plantations Berhad: Genting Plantations operates oil palm estates in Malaysia and Indonesia, with property development alongside its plantation business — paralleling Matang's oil palm + small industrial property mix. Useful comparable for the diversified plantation-plus-property model.
• Kim Loong Resources Berhad: Kim Loong Resources operates oil palm plantations in Johor plus downstream palm oil milling and biogas plants. Comparable on geographic concentration in Johor and on the upstream-to-midstream FFB value chain that Matang participates in.

Broad incumbents

• IOI Corporation Berhad: IOI Corporation is a major integrated palm oil player with both upstream plantations and large downstream/refining operations. Overlaps with Matang's FFB business but operates at vastly larger scale and with full downstream integration Matang lacks.
• FGV Holdings Berhad: FGV Holdings is one of the world's largest crude palm oil producers, with extensive Malaysian plantations and downstream operations. Major Malaysian incumbent in the same upstream FFB and palm oil value chain as Matang.
• Sime Darby Plantation Berhad: Sime Darby Plantation is the world's largest palm oil producer by acreage with extensive Malaysian and Indonesian estates plus integrated downstream operations. The leading Malaysian incumbent in the same commodity space as Matang.

Regional players

• Sarawak Oil Palms Berhad: Sarawak Oil Palms operates oil palm plantations and mills primarily in Sarawak, East Malaysia. Operates in the same upstream FFB and palm oil category as Matang but in a different Malaysian region, making it a regional rather than direct competitor.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matang