Bcos train never arrive yet.

Aizai...translation pls. All i knew is maybe the tp is 2.09.

Matrix expects record high GDV on new launches

Sangeetha Amarthalingam

/

theedgemarkets.com


August 16, 2017 15:54 pm MYT

-A+A

KUALA LUMPUR (Aug 16): Matrix Concepts Holdings Bhd expects the total gross development value (GDV) of its ongoing projects for the current financial year ending March 31, 2018 (FY18) to hit a new record, surpassing FY17’s RM1.9 billion, on resilient demand for its new property launches.
 
The group saw strong demand for its property launches over the past six months and is on track to meet its target of RM1.4 billion worth of new launches in FY18, Matrix said in a statement.
 
The property developer’s new launches in FY18 are mainly made up of residential homes in Bandar Sri Sendayan, Negeri Sembilan, and Bandar Seri Impian in Kluang, Johor.
 
Group chairman Datuk Mohamad Haslah Mohamad Amin said along with the growing scale of its property development activities, it is constantly investing in strategic properties that enhance vibrancy of its townships.
 
“Such foresight has contributed to an average take-up rate of above 70% for our launches, underlining the vast appeal of our township.

“Complemented with positive buyer feedback, we are confident of achieving our new launch target of RM1.4 billion in FY18,” Mohamad Haslah said, after the group’s annual general meeting today.
 
Matrix also recently acquired 132 acres of land in Mukim Jimah, Port Dickson, next to its Bandar Sri Sendayan township, for RM57 million.
 
The purchase is expected to be completed in November 2017, and would increase Matrix’ land bank to 1,550 acres, which will last until 2027.
 
At the meeting, Matrix’ shareholders approved the 1-for-4 bonus issue that is expected to be completed at the end of 2017.
 
The exercise would see the issuance of up to 163.9 million new shares and up to 13 million additional warrants to existing warrant holders.
 
To date, total returns based on share price and dividend payments, exceed 160% since its public offer.
 
Mohamad Haslah said the bonus issue is the group’s third corporate exercise, in line with its growing business.
 
“The best is yet to come, as we aim to scale greater heights in achievements,” he added.

Subscribe to Editor's Pi

(AT TODAY'S AGM)

Dato Lee collecting the shares again

Land purchases to ensure strong margins for Matrix Concepts

AllianceDBS Research

/

The Edge Financial Daily


August 08, 2017 10:18 am MYT

This article first appeared in The Edge Financial Daily, on August 8, 2017.

-A+A

Matrix Concepts Holdings Bhd 
(Aug 7, RM2.73)
Maintain buy rating and a target price (TP) of RM3: Matrix Concepts Holdings Bhd announced the proposed acquisition of 21 parcels of 132 acres (53.4ha) of agricultural land in Port Dickson for RM57 million from individual landowners. We understand that the land parcels are located next to its existing Bandar Sri Sendayan township.

Matrix Concepts currently has an estimated 1,750 acres (708.2ha) of land bank worth RM9 billion in gross development value (GDV), mainly concentrated within its vast Bandar Sri Sendayan township. The proposed acquisition is expected to contribute an additional RM700 million to GDV, further extending the vibrancy of Bandar Sri Sendayan. 

The purchase price of RM57 million implies a payment of RM9.90 per sq ft which is a bargain valuation in our view, taking into consideration the daunting task of negotiating with the respective small-parcel owners. This acquisition also makes up 8% of the estimated potential GDV, which should ensure strong margins for Matrix Concepts for its affordable housing products.

We maintain our “buy” rating and TP of RM3, based on a 30% discount to our fully diluted revised net asset value of RM4.27. Matrix Concepts is currently trading at a bargain 7.5 times financial year 2018 forecast (FY18F) price-earnings ratio despite strong earnings visibility and a decent dividend yield of about 5% for this township developer. — AllianceDBS Research, Aug 7
 

Subscribe to Editor's Picks

Fundamentals intact. Nothing to worry. Buying opportunities. Matrix is for long term hold, not speculative.
Institutional buyer bought @ 2.73 a piece. Now u can buy @ 2.66 - 2.67. Why not? For those still with bullets, this is one counter not to be missed

Today drop. Buying opportunity again.

breaking of ECRL project on Aug 9

Share this story

Facebook

Twitter

Google Plus

Whatsapp

The event will be held at the ECRL KotaSAS Central Station project site. (pix by FARIZUL HAFIZ AWANG)

By Bernama - August 1, 2017 @ 2:20pm

KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak will officiate the East Coast Rail Link (ECRL) project’s groundbreaking ceremony at Bandar Baru Kuantan, Pahang on Aug 9.

Malaysia Rail Link Sdn Bhd (MRL) chief executive officer, Darwis Abdul Razak, said the event will be held at the ECRL KotaSAS Central Station project site.

Invitees to the momentous event include high-ranking Chinese government officials and project stakeholders.

“The Prime Minister has been instrumental in bringing the ECRL to fruition.

“As such, it will be an honour to have him officiate a key catalytic infrastructure project, that will see a new railway connect the east coast states with the Greater Klang Valley,” he said in a statement today.

The ECRL project, which will serve as a game changer to encourage economic growth, is anticipated to increase the income of industries and businesses located along the route.

Locals will eventually see their economy develop by a minimum of 1.5 per cent.

A high impact project under the 11th Malaysia Plan, the construction of the 688-kilometre ECRL route is estimated to cost about RM55 billion.

Darwis said the ERCL project received positive response from the local populace during the recent three-month public inspection that covered some 15 districts in the east coast states of Pahang, Terengganu and Kelantan.

The ECRL will also see a reduction in carbon emissions.

MRL, a special purpose vehicle owned by the Minister of Finance Inc, is the project owner for the ECRL, while China Communications Construction Company Ltd (CCCC), will be involved in the engineering, procurement, construction and commissioning of the new railway line. – BERNAMA

1,666 reads

RECOMMENDED

Nx wk ecrl announcement in Kuantan....wed 9/8
Hopefully.

Price transacted @ 2.73 a share

Another 2m shares changed hand frm Dato Lee to the institutional buyer whom i believed is the same one being buying for few days now. Not sure who.

Maybe no ecrl job and fail to land the mrt job. Anyone got news.
I maybe wrong. Terrible today.

Gone case

Koyak

AffinHwang raises target price for Gabungan AQRS to RM1.62

theedgemarkets.com

/

theedgemarkets.com


May 23, 2017 08:56 am MYT

-A+A

KUALA LUMPUR (May 23): AffinHwang Capital Research has maintained its “Buy” rating on Gabungan AQRS Bhd at RM1.44 with a higher target price of RM1.62 (from RM1.24) and said Gabungan AQRS’s net profit of RM16.1 million (+330% y-o-y) in 1Q17 was above house expectations.

In a note today, the research house said gains (after tax) of about RM11.8 million from the disposal of land in Dengkil and Kinrara Uptown lifted earnings in 1Q17.

“We expect the sale of land in Kota Damansara to contribute gains of RM11.7 million in 2H17.

[X] CLOSE

Sponsored Content

 

“We raise our FY17 EPS forecast by 53% to reflect the land-sale gains. Maintain Buy with higher RM1.62 target,” it said.

Subscribe to Editor's Picks & Mid-day email alert

We deliver news to your

Hahaha...con stock

What does it says...translate pls

Dont touch better. Handsome downfall...hehe

Div policy 35% of profit

Tomorrow Q1 result out

Waiting patiently for Q1

True....dont touch

Just came back from BSS. Was there yesterday. Visited D'Tempat clubhse & saw the Global Int school building.
Apart from good news of HSR connectivity near BSS, recently Matrix launched 118 units of ds terrace hse abt 440k. Snapped up in 4 days. 1st phase of the the ds shophse about 128 units priced approx 938k. Only 3 units left.
Wonderful place to invest. 7-10 yrs reach maturity. Double & triple yr investment.

Yes..div pmt starts today. Check yr acc in 1 or 2 days time

I suspect some corp exercise is on the table. Another bonus & share split is possible. Let's hope something good is brewing at Matrix.

Thanks

Hulk....translate pls

TQ androsjy

Who can help to translate the above for benefit of others

Fong7..you think u have a better explanation why price starts to move...can share.

Div credited so nobody really want to sell cheap already. Now major shareholders think no one want to sell cheap after getting div....so they start pushing up. My 2 cents theory....ha2

Dow futures down by more than 350 pts. Cld be another round of selling tmrrow.

Not related la

Not 8% but 8 cents a share

Anuar...this is common with some big ipo. Fundamentally it is a good share to hold with good div policy. Some big players pushing price down to clear off shares held by retailers n those under miti allocation. Add more if u have funds to everage out and make more money (capital gains n div) once the price move up.

Maybe declaring bonus issue and rewarding free warrants as well.

After 5 working days frm ex date.

Matrix concept did the same after listing with a higher div of 13.5 cents a share if not mistaken

Not sure why. Should hve been 2.68...also wondering why

AGM gone & the stock price gone with it as well....ha3

Reward shareholders

But this time the exercise comes with free warrants....good. Teward shareholders.

Opportunity to buy

When the co make announcement. In matrix case now just wait for entitlement date. Collect now to get bonus issue.

No

TQ AndK

Freedomheal....in brief what does Harry's interview with Dato Lee is all about. I cannot understand ma. Translate a bit la.

Thanks dextronium

lenyan....what is the news...pls translate

Lousy as it used to be