Latest news with #MatrixConceptsHoldingsBhd
New Straits Times
4 days ago
- Business
- New Straits Times
Matrix Concepts to open RM250mil Kompleks Arena Seremban in June
KUALA LUMPUR: Kompleks Arena Seremban, a RM250 million integrated commercial and lifestyle hub developed by Matrix Concepts Holdings Bhd, is set to officially open its doors on June 28, marking a major addition to Negri Sembilan's urban growth corridor. Founder and group executive deputy chairman Datuk Seri Lee Tian Hock said this marks the beginning of a new chapter for Negri Sembilan's urban and lifestyle landscape. Developed by Karisma Perwira Sdn Bhd, a subsidiary of the Lee Tian Hock Yong Chou Lian (L) Foundation, the complex is poised to become a vibrant hub for commerce, entertainment and community engagement. The launch ceremony will be officiated by Negri Sembilan Menteri Besar Datuk Seri Aminuddin Harun and will feature the unveiling of five core components across 1.8 hectares and 650,000 square feet. These components include Karisma Arena, Arena Premier Hotel, Menara Karisma, Arena Square and Arena Residences. Looking ahead, Matrix Concepts said Kompleks Arena Seremban is envisioned as a lifestyle and community hub supporting a wide range of uses. This includes concerts and cultural shows, indoor sports tournaments, e-sports events, corporate launches, business seminars, family festivals and educational programmes. "With strong infrastructure, strategic location and purpose-built design, the complex aims to attract a broad spectrum of stakeholders, from event organisers and corporate clients to families and tourists," it added.
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.
