diff --git a/src/libecmaobjects/ecma-globals.h b/src/libecmaobjects/ecma-globals.h
index c96a35ec8..8ce82b2a3 100644
--- a/src/libecmaobjects/ecma-globals.h
+++ b/src/libecmaobjects/ecma-globals.h
@@ -740,6 +740,16 @@ typedef enum
   ECMA_MAGIC_STRING__COUNT /**< number of magic strings */
 } ecma_magic_string_id_t;
 
+/**
+ * ECMA string hash
+ */
+typedef uint16_t ecma_string_hash_t;
+
+/**
+ * Number of string's last characters to use for hash calculation
+ */
+#define ECMA_STRING_HASH_LAST_CHARS_COUNT (2)
+
 /**
  * ECMA string-value descriptor
  */
@@ -755,8 +765,8 @@ typedef struct
     * in a stack variable (not in the heap) */
   unsigned int is_stack_var : 1;
 
-  /** Padding */
-  ecma_length_t padding;
+  /** Hash of the string (calculated from two last characters of the string) */
+  ecma_string_hash_t hash;
 
   /**
    * Actual data or identifier of it's place in container (depending on 'container' field)
diff --git a/src/libecmaobjects/ecma-helpers-string.c b/src/libecmaobjects/ecma-helpers-string.c
index 455175afc..72d583259 100644
--- a/src/libecmaobjects/ecma-helpers-string.c
+++ b/src/libecmaobjects/ecma-helpers-string.c
@@ -305,8 +305,8 @@ ecma_init_ecma_string_from_lit_index (ecma_string_t *string_p, /**< descriptor t
 
   string_p->refs = 1;
   string_p->is_stack_var = is_stack_var;
-
   string_p->container = ECMA_STRING_CONTAINER_LIT_TABLE;
+  string_p->hash = lit.data.lp.hash;
 
   string_p->u.lit_index = lit_index;
 } /* ecma_init_ecma_string_from_lit_index */
@@ -327,8 +327,9 @@ ecma_init_ecma_string_from_magic_string_id (ecma_string_t *string_p, /**< descri
 
   string_p->refs = 1;
   string_p->is_stack_var = is_stack_var;
-
   string_p->container = ECMA_STRING_CONTAINER_MAGIC_STRING;
+  string_p->hash = ecma_chars_buffer_calc_hash_last_chars (ecma_get_magic_string_zt (magic_string_id),
+                                                           ecma_magic_string_lengths [magic_string_id]);
 
   string_p->u.magic_string_id = magic_string_id;
 } /* ecma_init_ecma_string_from_magic_string_id */
@@ -363,6 +364,7 @@ ecma_new_ecma_string (const ecma_char_t *string_p) /**< zero-terminated string *
   string_desc_p->refs = 1;
   string_desc_p->is_stack_var = false;
   string_desc_p->container = ECMA_STRING_CONTAINER_HEAP_CHUNKS;
+  string_desc_p->hash = ecma_chars_buffer_calc_hash_last_chars (string_p, length);
 
   ecma_collection_header_t *collection_p = ecma_new_chars_collection (string_p, length);
   ECMA_SET_NON_NULL_POINTER (string_desc_p->u.collection_cp, collection_p);
@@ -384,6 +386,34 @@ ecma_new_ecma_string_from_uint32 (uint32_t uint32_number) /**< UInt32-represente
   string_desc_p->container = ECMA_STRING_CONTAINER_UINT32_IN_DESC;
   string_desc_p->u.uint32_number = uint32_number;
 
+  uint32_t last_two_digits = uint32_number % 100;
+  uint32_t digit_pl = last_two_digits / 10;
+  uint32_t digit_l = last_two_digits % 10;
+
+  FIXME (/* Use digit to char conversion routine */);
+  const ecma_char_t digits[10] = { '0', '1', '2', '3', '4', '5', '6', '7', '8', '9' };
+  const bool is_one_char_or_more = (uint32_number >= 10);
+  const ecma_char_t last_chars [ECMA_STRING_HASH_LAST_CHARS_COUNT] =
+  {
+    is_one_char_or_more ? digits [digit_pl] : digits[digit_l],
+    is_one_char_or_more ? digits [digit_l] : ECMA_CHAR_NULL
+  };
+
+  /* Only last two chars are really used for hash calculation */
+  string_desc_p->hash = ecma_chars_buffer_calc_hash_last_chars (last_chars,
+                                                                is_one_char_or_more ? 2 : 1);
+
+#ifndef JERRY_NDEBUG
+  ecma_char_t char_buf [ECMA_MAX_CHARS_IN_STRINGIFIED_UINT32];
+  ssize_t chars_copied = ecma_uint32_to_string (uint32_number,
+                                                char_buf,
+                                                ECMA_MAX_CHARS_IN_STRINGIFIED_UINT32);
+  JERRY_ASSERT ((ecma_length_t) chars_copied == chars_copied);
+
+  JERRY_ASSERT (string_desc_p->hash == ecma_chars_buffer_calc_hash_last_chars (char_buf,
+                                                                               ecma_zt_string_length (char_buf)));
+#endif /* !JERRY_NDEBUG */
+
   return string_desc_p;
 } /* ecma_new_ecma_string_from_uint32 */
 
@@ -401,10 +431,16 @@ ecma_new_ecma_string_from_number (ecma_number_t num) /**< ecma-number */
     return ecma_new_ecma_string_from_uint32 (uint32_num);
   }
 
+  ecma_char_t str_buf[ECMA_MAX_CHARS_IN_STRINGIFIED_NUMBER + 1];
+  ecma_length_t length = ecma_number_to_zt_string (num,
+                                                   str_buf,
+                                                   sizeof (str_buf));
+
   ecma_string_t* string_desc_p = ecma_alloc_string ();
   string_desc_p->refs = 1;
   string_desc_p->is_stack_var = false;
   string_desc_p->container = ECMA_STRING_CONTAINER_HEAP_NUMBER;
+  string_desc_p->hash = ecma_chars_buffer_calc_hash_last_chars (str_buf, length);
 
   ecma_number_t *num_p = ecma_alloc_number ();
   *num_p = num;
@@ -479,7 +515,19 @@ ecma_concat_ecma_strings (ecma_string_t *string1_p, /**< first ecma-string */
   JERRY_ASSERT (string1_p != NULL
                 && string2_p != NULL);
 
-  int64_t length = (int64_t)ecma_string_get_length (string1_p) + (int64_t) ecma_string_get_length (string2_p);
+  uint32_t str1_len = (uint32_t) ecma_string_get_length (string1_p);
+  uint32_t str2_len = (uint32_t) ecma_string_get_length (string2_p);
+
+  if (str1_len == 0)
+  {
+    return ecma_copy_or_ref_ecma_string (string2_p);
+  }
+  else if (str2_len == 0)
+  {
+    return ecma_copy_or_ref_ecma_string (string1_p);
+  }
+
+  int64_t length = (int64_t) str1_len + (int64_t) str2_len;
 
   ecma_string_t* string_desc_p = ecma_alloc_string ();
   string_desc_p->refs = 1;
@@ -497,6 +545,24 @@ ecma_concat_ecma_strings (ecma_string_t *string1_p, /**< first ecma-string */
   ECMA_SET_NON_NULL_POINTER (string_desc_p->u.concatenation.string1_cp, string1_p);
   ECMA_SET_NON_NULL_POINTER (string_desc_p->u.concatenation.string2_cp, string2_p);
 
+  if (str2_len >= ECMA_STRING_HASH_LAST_CHARS_COUNT)
+  {
+    string_desc_p->hash = string2_p->hash;
+  }
+  else
+  {
+    JERRY_STATIC_ASSERT (ECMA_STRING_HASH_LAST_CHARS_COUNT == 2);
+    JERRY_ASSERT (str2_len == 1);
+
+    ecma_char_t chars_buf[ECMA_STRING_HASH_LAST_CHARS_COUNT] =
+    {
+      ecma_string_get_char_at_pos (string1_p, str1_len - 1u),
+      ecma_string_get_char_at_pos (string2_p, 0)
+    };
+
+    string_desc_p->hash = ecma_chars_buffer_calc_hash_last_chars (chars_buf, ECMA_STRING_HASH_LAST_CHARS_COUNT);
+  }
+
   return string_desc_p;
 } /* ecma_concat_ecma_strings */
 
@@ -982,9 +1048,9 @@ ecma_compare_ecma_strings (const ecma_string_t *string1_p, /* ecma-string */
 {
   JERRY_ASSERT (string1_p != NULL && string2_p != NULL);
 
-  if (unlikely (string1_p == string2_p))
+  if (string1_p->hash != string2_p->hash)
   {
-    return true;
+    return false;
   }
 
   if (string1_p->container == string2_p->container)
@@ -1583,6 +1649,27 @@ ecma_string_try_hash (const ecma_string_t *string_p, /**< ecma-string to calcula
   return false;
 } /* ecma_string_try_hash */
 
+/**
+ * Calculate hash from last ECMA_STRING_HASH_LAST_CHARS_COUNT characters from the buffer.
+ *
+ * @return ecma-string's hash
+ */
+ecma_string_hash_t
+ecma_chars_buffer_calc_hash_last_chars (const ecma_char_t *chars, /**< characters buffer */
+                                        ecma_length_t length) /**< number of characters in the buffer */
+{
+  JERRY_ASSERT (chars != NULL);
+
+  ecma_char_t char1 = (length > 0) ? chars[length - 1] : ECMA_CHAR_NULL;
+  ecma_char_t char2 = (length > 1) ? chars[length - 2] : ECMA_CHAR_NULL;
+
+  uint32_t t1 = (uint32_t) char1 + (uint32_t) char2;
+  uint32_t t2 = t1 * 0x24418b66;
+  uint32_t t3 = (t2 >> 16) ^ (t2 & 0xffffu);
+
+  return (ecma_string_hash_t) t3;
+} /* ecma_chars_buffer_calc_hash_last_chars */
+
 /**
  * @}
  * @}
diff --git a/src/libecmaobjects/ecma-helpers.h b/src/libecmaobjects/ecma-helpers.h
index c0876f90f..58f9a27a5 100644
--- a/src/libecmaobjects/ecma-helpers.h
+++ b/src/libecmaobjects/ecma-helpers.h
@@ -157,6 +157,7 @@ extern ecma_string_t* ecma_get_magic_string (ecma_magic_string_id_t id);
 extern bool ecma_is_string_magic (const ecma_string_t *string_p, ecma_magic_string_id_t *out_id_p);
 extern bool ecma_is_zt_string_magic (const ecma_char_t *zt_string_p, ecma_magic_string_id_t *out_id_p);
 extern bool ecma_string_try_hash (const ecma_string_t *string_p, uint32_t hash_length_bits, uint32_t *out_hash_p);
+extern ecma_string_hash_t ecma_chars_buffer_calc_hash_last_chars (const ecma_char_t *chars, ecma_length_t length);
 
 /* ecma-helpers-number.c */
 extern const ecma_number_t ecma_number_relative_eps;
diff --git a/src/libintstructs/literal.c b/src/libintstructs/literal.c
index f99070d58..97f3eb607 100644
--- a/src/libintstructs/literal.c
+++ b/src/libintstructs/literal.c
@@ -73,7 +73,8 @@ create_literal_from_zt (const ecma_char_t *s, ecma_length_t len)
     .data.lp = (lp_string)
     {
       .length = len,
-      .str = s
+      .str = s,
+      .hash = ecma_chars_buffer_calc_hash_last_chars (s, len)
     }
   };
 }
diff --git a/src/libintstructs/lp-string.h b/src/libintstructs/lp-string.h
index d4486439e..b93c71b2a 100644
--- a/src/libintstructs/lp-string.h
+++ b/src/libintstructs/lp-string.h
@@ -23,6 +23,7 @@ typedef struct
 {
   const ecma_char_t *str;
   ecma_length_t length;
+  ecma_string_hash_t hash;
 }
 lp_string;
 
diff --git a/src/libjsparser/lexer.c b/src/libjsparser/lexer.c
index 735971c8e..b8a568ad9 100644
--- a/src/libjsparser/lexer.c
+++ b/src/libjsparser/lexer.c
@@ -165,6 +165,7 @@ adjust_string_ptrs (literal lit, size_t diff)
     .data.lp = (lp_string)
     {
       .length = lit.data.lp.length,
+      .hash = lit.data.lp.hash,
       .str = lit.data.lp.str + diff
     }
   };