Latest news with #MatrixConcepts
The Star
28-05-2025
- Business
- The Star
Matrix Concepts registers RM1.38bil new property sales in FY25
KUALA LUMPUR: Matrix Concepts Holdings Bhd recorded new property sales of RM1.38bil in the financial year ended March 31, 2025 (FY25), a 10.4% increase over sales of RM1.25bil in the previous year. In a statement, the property developer said the new property sales was underpinned by a strong performance across its core township developments Sendayan Developments and Bandar Seri Impian, alongside its Klang Valley high-rise project, Levia Residences. There was also maiden contribution from industrial land sales at Malaysia Vision Valley City (MVV City). In FY25, Matrix Concepts posted a net profit of RM214.1mil, down from RM244.31mil in the previous year, on revenue that was also lower at RM1.19bil against RM1.34bil in FY24. The group's earnings per share dipped to 16.37 from 19.52 sen previously. In the fourth quarter alone, Matrix Concept's net profit was RM42.67mil, down from RM60.6mil in 4QFY24, while revenue fell to RM305.17mil from RM353.14mil in the comparative quarter. It said the weaker set of figures was primarily due to the timing of launches and revenue recognition for properties sold in Sendayan Developments and Bandar Seri Impian. "Despite the impact of the timing differences on topline, the group achieved a significant improvement in gross profit margin at 51% in FY25 compared to 46.4% for FY2024. "The margin expansion was primarily driven by a favourable mix, including accelerated recognition from industrial and commercial property developments," it said. In FY25, Matrix Concepts launched projects with a total gross development value (GDV) of RM1.45bil, a 9.8% increase from RM1.32bil previously. "The collective take-up rate for FY25 launches stood at 73% as at March 31, 2025, reflecting robust buyer confidence," it said. Moving forward, chairman Datuk Mohamad Haslah Mohamad Amin said the group is positioned for transformative growth in FY26, supported by a launch target of RM1.6bil GDV in new projects. "These upcoming launches include the first phase of the MVV City's industrial land, a key catalyst for our next growth phase. "Spanning 2,382 acres with a projected GDV of RM15bil, the MVV City development is poised to provide a clear earnings trajectory in the near term and reinforce our long-term confidence," he said.
The Star
14-05-2025
- Business
- The Star
Homebuyer reward scheme a success, says developer
Chai says the campaign attracted the interest of various buyer, including young families. PROPERTY developer Matrix Concepts Holdings' 'Electrifying Raya Bonanza' campaign has received overwhelming response with 433 properties sold. The units with a gross development value of RM288mil are in Resort Villa, Suria Heights and Eka Heights in Bandar Sri Sendayan, Negri Sembilan. Describing the campaign as a success, Matrix Concepts co-chief executive officer Chai Keng Wai (pic) said it underscored the group's strong market insight and agility in addressing evolving consumer needs. 'By offering a diverse range of properties from affordable homes to premium lifestyle residences, the campaign has captured the interest of various buyer segments, including young families, upgraders and high-net-worth individuals. 'The sales performance is a testament not only to the appeal of the group's developments, but also to the effectiveness of the campaign's integrated approach with value-driven offerings, festive excitement and enticing rewards,' he said. The campaign concludes on May 31. Matrix Concepts will host a grand lucky draw event within the next two months, where lucky purchasers will stand a chance to drive away in an electric car (EV). Other prizes include smart TVs, vacuum cleaners and various home appliances. 'Electrifying Raya Bonanza' also offers next-generation rewards that provide special incentives for buyers' children and a loyalty scheme designed to reward returning and referred purchasers. A lifestyle combo package, meanwhile, grants buyers exclusive access to leisure activities and games at X Park Sendayan. Buyers will also receive complimentary membership at d'Tempat Country Club. For more details, call 1800-88-2688.
New Straits Times
05-05-2025
- Business
- New Straits Times
RHB: MVV 2.0 set to drive earnings growth for Matrix Concepts in FY26
KUALA LUMPUR: Malaysian Vision Valley 2.0 (MVV 2.0) is expected to serve as a new earnings growth catalyst for Matrix Concepts Holdings Bhd in the financial year 2026 (FY26), RHB Research said. The firm noted that lower land costs will offer the company greater flexibility in pricing and help support stronger profit margins. "Negri Sembilan makes up 88 per cent of Matrix Concept's total revenue in nine months of the financial year 2025 and almost 80 per cent of total landbank. "Upon the maiden launch of the first residential product in FY26, MVV City is expected to be the next property sales growth driver over the longer term," it said. RHB Research noted that prior to this, the company had already begun marketing its industrial land plots, securing between RM300 million and RM400 million in sales, which are expected to be recognised starting from the second half of financial year 2026. The firm added that management is also expected to pursue a joint venture for the development of its managed industrial park, with both initiatives to be located within the 1,000-acre industrial zone in MVV City. RHB Research further stated that the upcoming development in Negeri Sembilan is expected to benefit Matrix Concepts, as the creation of new job opportunities will likely drive demand for housing in the area. "We note that Matrix Concepts already has a long track record in property development in the state, and it has acquired 2,382 acres of land in MVV 2.0 over the last three to four years (1,000 acres pending completion in the second half of financial year 2026). "This is on top of its current remaining landbank of 1,366 acres for the Sendayan developments," it said. RHB Research said Negeri Sembilan is poised for accelerated economic growth in the medium term, driven by recent progress in MVV 2.0 and Port Dickson. It noted that aside from Matrix Concepts, which has already held a groundbreaking ceremony for its MVV City project, Gamuda Bhd has purchased 389 acres in Springhill Industrial Park, Port Dickson, to develop cloud and data centre facilities. In addition, SD Guthrie Bhd and NS Corporation have officially partnered with a well-known developer to jointly develop 1,195 acres in Bukit Pelandok into an industrial park.
