Seal Incorporated Berhad is a Malaysian company engaged in property investment, building contracting, project management for property development, and timber-related businesses. The company operates through several segments: Property Construction, Property Management, Timber Related, Property Development, Property Investment, and Others. Its property portfolio includes developments such as Bayan City, Elit Heights, Elit Avenue, Taman Sejahtera Jaya, Eco-Industrial Park, Selayang Mall, Taman Desa Pauh, and North Avenue. In the timber sector, Seal Incorporated is involved in logging, provision of logging infrastructure, sawmilling, plywood manufacturing, and the sale of timber products.
The company's strategic focus encompasses property development and investment, alongside timber-related activities. Seal Incorporated aims to expand its property portfolio and enhance its presence in the real estate market, while also leveraging its expertise in the timber industry to diversify revenue streams.
In the fiscal year ending June 2024, Seal Incorporated reported revenues of MYR 15.7 million from its Malaysian operations. The company's revenue streams are diversified across its various business segments, including property investment, property construction, property management, property development, and timber-related activities.
Seal Incorporated's property development pipeline includes projects such as North Avenue, located in the heart of Sungai Petani, and the Eco-Industrial Park in Kuala Krai, which comprises approximately 60 light industrial buildings on a six-acre site. These developments are part of the company's strategy to expand its property portfolio and cater to diverse market needs.
The company employs various technologies and methodologies in its property development and timber operations to enhance efficiency and product quality. In the timber sector, Seal Incorporated utilizes advanced logging infrastructure and sawmilling techniques to produce high-quality plywood and other timber products.
Seal Incorporated's leadership team comprises experienced professionals overseeing its diverse operations. As of August 31, 2023, the executive committee includes:
- Shean Loong Koay, Chief Executive Officer (since August 31, 2023)
- Kim Chiew Choh, Director of Finance/CFO (since March 31, 2023)
- Sze Min Yeow, Corporate Secretary (since August 31, 2023)
- Guat Cheng Teh, Comptroller/Controller/Auditor (since December 31, 2004)
The Board of Directors includes:
- Yan Seong Yow, Director/Board Member (since September 3, 2020)
- Shean Loong Koay, Director/Board Member (since December 20, 2020)
- Seong Hooi Tan, Director/Board Member (since January 6, 2021)
- Yee Fuan Sim, Director/Board Member (since March 27, 2022)
- Swee Kheng Lee, Chairman (since June 23, 2024)
- Syed Amir Syakib A. bin Syed Ibrahim, Director/Board Member (since June 23, 2024)
The company has experienced recent leadership changes, including the appointment of Shean Loong Koay as Chief Executive Officer on August 31, 2023, and the appointment of Swee Kheng Lee as Chairman on June 23, 2024.
Seal Incorporated operates in the competitive real estate development and timber industries in Malaysia. The real estate sector is characterized by a growing demand for residential and commercial properties, while the timber industry is influenced by global demand for timber products and sustainable forestry practices.
Key competitors in the Malaysian real estate development sector include companies such as Emaar Properties and Sun Hung Kai Properties Limited. These companies focus on large-scale property developments and have significant market presence.
Seal Incorporated has established strategic collaborations and partnerships to strengthen its market position and expand its capabilities. These partnerships include joint ventures in property development projects and collaborations with timber suppliers to ensure a steady supply of raw materials.
The company leverages its diversified business model, combining property development and timber operations, to maintain a competitive edge. This diversification allows Seal Incorporated to mitigate risks associated with market fluctuations in either sector and capitalize on synergies between its business segments.
Seal Incorporated's strategic roadmap includes expanding its property development portfolio, exploring new markets, and enhancing its timber operations through sustainable practices. The company's current strengths position it to capitalize on growth opportunities in both the real estate and timber industries.
