Posted by dongfeng > 2015-08-05 22:34 | Report Abuse

Yes, now is a good timing to buy this counter for it's grow n dividend.

Posted by Drago Tian > 2015-08-06 10:21 | Report Abuse

Why downtrend? Warrant earning too much?

Posted by Drago Tian > 2015-08-06 10:29 | Report Abuse

Better run before too late, tp buy in 2.28

Posted by Mafanyau > 2015-08-06 10:46 | Report Abuse

I have hope in this counter too but really for long term

Posted by MP Khor > 2015-08-06 12:07 | Report Abuse

got some today, hope is good counter

Posted by ggg123 > 2015-08-06 13:14 | Report Abuse

Drago your TP is very conservative. I would love to buy in at that level too but don't think it's possible unless there is major volatility in stock market in near term.

Posted by Drago Tian > 2015-08-06 14:56 | Report Abuse

http://www.cnbc.com/2015/08/05/why-investors-are-snubbing-malaysian-bargains.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=102894262

Posted by Drago Tian > 2015-08-06 15:13 | Report Abuse

More people sell on last minute

Posted by Drago Tian > 2015-08-07 09:34 | Report Abuse

Told u already,where the people that happy buy?

Posted by nich0las > 2015-08-07 10:32 | Report Abuse

wah, drago tian, u so pandai nia. if all counter u also know to kira, u now must be billionaire lor?

Posted by hlcrane > 2015-08-07 11:04 | Report Abuse

I am happy buying now

Posted by Shrekk > 2015-08-07 12:23 | Report Abuse

All are happy in buying matrix now. Ignore Drago Tian at all course.

Posted by bing > 2015-08-08 21:52 | Report Abuse

Ability... be patience... for gap up!

Posted by yamloon > 2015-08-10 00:29 | Report Abuse

Go to holland liao

Posted by Drago Tian > 2015-08-10 09:09 | Report Abuse

Before merdeka more cheap

Posted by Drago Tian > 2015-08-10 09:40 | Report Abuse

Told already can go to 2.28

Posted by Shrekk > 2015-08-10 10:19 | Report Abuse

Wah! This dragon tian is a great fortune teller. Can pls share with is what is next for matrix.

Posted by jasonor > 2015-08-10 10:25 | Report Abuse

Break 2.28 go 1.95??

Posted by Drago Tian > 2015-08-10 10:40 | Report Abuse

Surely go down....this stock at 2.2x go up and up before free warrant given. Yet, those sell are profit taking

Posted by jasonor > 2015-08-10 11:27 | Report Abuse

i see.. thanks sifu

Posted by carol717 > 2015-08-10 11:43 | Report Abuse

y drop so much?any reason?

Posted by jasonor > 2015-08-10 14:26 | Report Abuse

http://www.theedgemarkets.com/my/article/matrix-concepts-2q-net-profit-down-297-pays-35-sen-dividend

Posted by apini > 2015-08-10 16:55 | Report Abuse

TTM to date improved

if you still want to keep your money in the market matrix is still agood choice
DY = 6.8% ( price2.64). cur ratio 3.08., EPS = 53.77( 2015TTM), 40.06(2014), PE=264/53.77=4.9
prospect: BOD stated in the report earning growth is sustainable for current financial year

why let go cheap?

invest in its value, it is never wrong. enjoy the dividend, watch how far it can drop. buy more

Posted by apini > 2015-08-10 17:07 | Report Abuse

market can crash, price can drop

but a good company in a good hand won't crash

they still pay us better than bank dividend

so we enjoy the dividend , ignore those distress

wait patiently for the target price to reach

Posted by tkteoh80 > 2015-08-10 17:15 | Report Abuse

My pessismistic view:
Will it be possible the quarter earning maintain 6.5cents for the rest of the year?
Then annualise the earning become 26cents. With the normal PE of 6.5, fair value become around RM1.70?

Posted by apini > 2015-08-10 18:49 | Report Abuse

half year 2015 ( 2 quarters only) is 31.70sen, last year 2014 was 26.8sen

follow your method of calculation, annualized then it should be 62.40

with your normal PE of 6.5 (which well below the average value of big capital property counters of 9 ) the you fair value should be RM4.06, diluted after bonus issue still can fetch 3.48

but if follow an average PE of 9, then the price should be 5.62 after dilution is 4.81

good or no good?

Posted by Mafanyau > 2015-08-10 20:21 | Report Abuse

Looks like there are two version of calculation... Not sure which is correct but jump in today, hope for better tomorrow. Rumors says, the MB have share on this company. Not sure how true.

Posted by red_85 > 2015-08-10 22:57 | Report Abuse

yea..bad quarter result....expected for property counter..
need wait 2 years++ to recover back to previous high earning quarter..
i will only buy back this share at 1.8 below..good luck for those still in train

Posted by beso > 2015-08-10 23:39 | Report Abuse

sell off to continue

Posted by apini > 2015-08-11 00:19 | Report Abuse

Tkteoh80,

do you not find your calculation is absurd and ridiculous

You said previous quarter result is one off record high, then isn't the current quarter low can't be also one off record low.

do you not find you method of calculation, (eps= 6.5x4 and ignore good previous result) too simplistic and bias?

Posted by pisanggoreng > 2015-08-11 08:53 | Report Abuse

tkteoh80,

Result of 2014 is history, do you still need to annualise?
Stupid
I have not seen a more stupid calculation than you have presented
Hahaha.....

Posted by pisanggoreng > 2015-08-11 09:04 | Report Abuse

EPS 2014 is 48.9, true and real

No need to predict, result already known, wait to be audited

Please learn

Posted by pisanggoreng > 2015-08-11 10:31 | Report Abuse

https://research.osk188.com/images/39/iiGs58731828655c93fefcb0f0.jpg

Posted by pisanggoreng > 2015-08-11 10:35 | Report Abuse

Matrix’s 2Q15 results came in line with our and market expectations. We maintain our BUY rating with a revised TP of MYR2.73 (24% upside) as we take into account the bonus issue adjustment and weak market sentiment. The QoQ drop in earnings was within expectations as the spike in 1Q is not expected to recur in the upcoming quarters. 1H sales of MYR367m are on track to meet management’s MYR600m target.

 Within expectation. Matrix Concepts’ (Matrix) 2Q15 earnings were within our and market expectations. 1H15 earnings made up 69% of our full-year forecast, but the QoQ drop in earnings were not a surprise, aswe had previously highlighted that the spike in 1Q earnings will not be recurring – as it was largely frontloaded due to the accelerated payments by industrial land buyers to settle the transactions before the goods and services tax (GST) kicked in in April. Of the total revenue of MYR438mfor 1H15, property development and industrial land sales contributed MYR338m and MYR95m respectively. The new school and clubhouse operations, meanwhile, contributed MYR5.5m, but the bottomline was, however, affected by the operating loss of MYR4.7m due to start-up expenses. A 3.5 sen single-tier DPS was declared for the quarter.

 MYR210m new sales in 2Q. New sales hit MYR210m in 2Q15, fromMYR156.8m in 1Q15. The amount was solely from the property development segment (none from industrial land sales). 1H15 sales of MYR367m are on track to hit management’s MYR600m target, on top of MYR100m-150m in industrial land sales. Despite the weak market, the take-up rate for new launches in 2Q was still decent, ie Hijayu 3B (Phase1) at 37% and Hijayu Resorts Homes (Phase 1A) at 35%. Sales for projects launched earlier improved further, with Hijayu 3A (Phase 3) at 86% (1Q15: 68%), and Hijayu 3A (Phase 4) at 96% (1Q15: 32%).

 Forecast. We make no changes in our earnings forecast. Unbilled sales increased to MYR540m from MYR392m in 1Q15.

 Maintain BUY. After adjusting for the recent bonus issue, our TP is revised to MYR2.73 (from MYR3.65), as we also raise the discount to RNAV to 20% (from 15%) in view of the negative sentiment in the equity market, which will likely affect demand in the property sector. The 6% dividend yield should help to support valuations.


source: OSK188 RESEARCH

Posted by pisanggoreng > 2015-08-11 16:57 | Report Abuse

tkteoh80,

calculation is used more to ascertain at this price, a particular stock, is cheap to buy base on past years records

TP or fair value are forecast , fair in term of broad market performance and at the time of computation ,that's why you see it keep changing, it is most misleading to the newbie . it is more suitable for a chartist than to a long term value investor like us.

matrix is a generous dividend giing company, thanks to the bod to have been willing to share the profit with us,
moreover, Datuk Lee is an honest businessman, a smart businessman,under his leadership, he has never fail to improve the company earning since listed in bursa.
to a small investor like us, it is most important to have the money in the safe hand to generate more cash. Datuk never fail to do that so far.

Posted by pisanggoreng > 2015-08-11 17:06 | Report Abuse

I do not understand why people willing to sell at the current lelong price,
is it because the MB has shares?
do not forget,
even though if he left, the influence still remain

Posted by ggg123 > 2015-08-12 10:09 | Report Abuse

The sell off could be justified, in line with weak market sentiment. Tambun dividend 6%, Huayang 7.3%. One in Penang, one in KL. Why would Seremban receive a better valuation?

Posted by Shrekk > 2015-08-12 10:55 | Report Abuse

Ggg123 are you still keeping matrix believed you have collected matrix at 2.47 and 2.48 based on your previous posting. Keep adding as current situation has nothing to do with matrix valuation. This is totally due to unforeseen market sentiment.

Posted by ggg123 > 2015-08-12 11:03 | Report Abuse

I have sold off at around higher range of 2.30+ at a minor loss due to very weak market sentiment, because the whole market was trending down, didn't make sense for Matrix not to follow suit. Now adopt wait and see, may pick up at 2.05-2.10. Look at its peers like Tambun, Huayang, KSL.

Posted by Drago Tian > 2015-08-12 11:07 | Report Abuse

Hi gg123, careful with fake up price like yesterday....many people hit by bull shit

Posted by Drago Tian > 2015-08-12 11:16 | Report Abuse

Kemalrin masa opening, semua "terpijak najis lembu"....huhuhuhu

Posted by Mafanyau > 2015-08-12 11:18 | Report Abuse

Everyday drop a abt 10cent.... When is the bottom?

Posted by ggg123 > 2015-08-12 11:31 | Report Abuse

Mafanyau, maybe at RM1.80, PE (ttm) of 4x, and historical yield of 8%? But, even if it reaches that point, I think you wouldn't dare to buy too, because USD/MYR might be at RM4.10 and KLCI at 1400?

Posted by ggg123 > 2015-08-12 11:42 | Report Abuse

Drago Tian it breach your TP of RM2.28 by 5% already. So are you buying now? XD

Posted by Drago Tian > 2015-08-12 12:05 | Report Abuse

I think possible to go below rm2....

Posted by Drago Tian > 2015-08-12 12:19 | Report Abuse

Some people kept this stock since long time ago, maybe nearly loss the profit. They will sell and make the counter down and down

Posted by Drago Tian > 2015-08-12 14:44 | Report Abuse

I see many dato disposal news at others counter but no buy back news, do u know what I mean, many people profit taking

Posted by heng1991 > 2015-08-12 14:49 | Report Abuse

many ppl profit taking..but not tis counter..dato lee is investing more to take future profit

Posted by Telstar > 2015-08-12 22:01 | Report Abuse

I think we wait for the price of Esos Level

Posted by Drago Tian > 2015-08-13 08:39 | Report Abuse

I think m'sia announcement will be "xxx month" recover huhuhuhu