Huayang, Tambun , and Matrix are my long term investment group of share. diam diam getting dividend. management good, cash flow strong, not to worry, sleep sweet.
azman: estimated annual EPS will be 25sen, 40% will be div payout, assume share price at 2.40 then will be equal to 4.2% div yield. Refer back 2 year performence record in the past, managment is solid and kindness. So, my personal opinion is that this share can hold for long term.
Top Picks: • Big Cap: IOI Prop (BUY; TP: RM2.77). IOI Prop is one of the value stocks in our universe coverage given it is only trading at 0.7x CY16 P/B as compare to peer at average 1x. We believe the stock warrants a re-rating given its strong t rack record in township development and its attractive valuation. • Mid to Small Cap: Matrix Concepts (BUY; TP: RM2.91). Dividend yield for Matrix is one of the highest in the sector at 6%.
PUTRAJAYA: Malaysia and Singapore leaders will witness the signing ceremony of the memorandum of understanding (MoU) concerning the Kuala Lumpur-Singapore High Speed Rail on Tuesday.
The event will be held in conjunction with Singapore Prime Minister Lee Hsien Loong's one-day visit to Malaysia tomorrow (July 19).
Wisma Putra in a statement today said Malaysian Prime Minister Datuk Seri Najib Abdul Razak and Lee during the visit would witness the signing ceremony of the MoU between the Government of Malaysia and Government of Singapore.
The proposed 350-km line will begin in Bandar Malaysia, seven km from the Kuala Lumpur city centre and end in Jurong East, Singapore.
The proposed train service is expected to cut travel time to about 90 minutes from about five hours by road between Kuala Lumpur and Singapore.
The proposed train is expected to have five transit stations, namely cities of Seremban, Ayer Keroh, Muar, Batu Pahat and Iskandar Puteri.
The Wisma Putra statement said that Lee was also scheduled to have a four-eyed meeting with Najib to discuss bilateral issues of mutual concern.
Malaysia and Singapore enjoy excellent ties in various sectors including trade and investment, social, education, defence and security, as well as people-to-people relations.
In 2015, Singapore was Malaysia's second largest trading partner globally and largest trading partner among member countries of ASEAN.
Total trade between the two countries was recorded at RM190.6 billion (US$48.8 billion) in 2015. — Bernama
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.
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.
How true is this info? Any one can vouch for this?
@beginnerlearning, don't need to vouch or confirm, for that price, in an integrated township, any houses below RM500k with decently large built up area WILL be snapped up pronto.
Matrix targets RM900m property sales in FY17 By Surin Murugiah / theedgemarkets.com | August 18, 2016 : 12:22 PM MYT
KUALA LUMPUR (Aug 18): Matrix Concepts Holdings Bhd is targeting more than RM900 million in property sales for the current financial year ending March 31, 2017 (FY17).
In a statement today, Matrix chairman Datuk Mohamad Haslah Mohamad Amin said demand for residential homes in Bandar Sri Sendayan continues to be robust, due to the increasing appeal of the integrated township and affordable pricing.
"We believe in providing great value to home owners. To date, Bandar Sri Sendayan has been successful in capturing market demand, translating into a population that is now 30,000-strong.
"More importantly, our residents are enjoying the opportunity to live, work, and play in an integrated township, with access to world-class amenities such as Matrix Global Schools and d'Tempat Country Club," he said.
Mohamad Haslah said the company's latest launch of Suriaman 2B in late-June 2016 was rapidly snapped up and achieved more than 70% take-up as at July 31, 2016.
"This is a commendable achievement and reflects the resilient demand for our properties," he added.
He said the Suriaman 2B project comprises 232 units of double-storey terrace homes with total gross development value (GDV) of RM154 million.
For the three-month period spanning April 1 to June 30 (1Q17), Matrix Concepts launched more than RM400 million worth of projects in Bandar Sri Sendayan and its Bandar Seri Impian township in Kluang, Johor, according to Mohamad Haslah.
He also said the company was increasing the number of commercial property launches.
"While sales of affordably priced residences have been our main offering, we intend to launch more commercial properties to ensure that the needs of a rapidly expanding Bandar Sri Sendayan population are met with a good range of commercial offerings.
"We continue to receive encouraging stream of enquiries from prospective business owners. Increasingly, business owners are recognising the vast potential of Bandar Sri Sendayan emerging as a thriving commercial hub in Negeri Sembilan," he said.
On its prospects, Mohamad Haslah said the company is confident of maintaining its sales performance for upcoming launches planned for the year.
Result looks great. EPS is better than last quarter. But if the Group wants to meet at least RM900 million sales, still need to put further hard effort to achieve it..
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Posted by Hulk > 2016-05-20 08:01 | Report Abuse
Huayang, Tambun , and Matrix are my long term investment group of share. diam diam getting dividend. management good, cash flow strong, not to worry, sleep sweet.