Tag Archives: Matrix

[StarBiz] Matrix Concepts Q2 net profit up to RM46.5mil

By Ganeshwaran Kana

PETALING JAYA: Matrix Concepts Holdings Bhd’s (Matrix Concepts) net profit for the second quarter of financial year 2017 (2QFY17) rose by 49.5% to RM46.5mil, on the back of its revenue which increased by 85.3% to RM224.9mil in the same period.

Via a press release on Tuesday, the property developer announced that it also recorded 11.3% higher property sales of RM506.4mil in the first half of financial year of 2017 (1H17), due to strong demand for affordable homes in its flagship Bandar Sri Sendayan township.

“The commendable performance was achieved despite ongoing industry challenges, attributable to higher billings of current projects and new sales.

Of the total 2QFY17 revenue, sales of residential and commercial properties contributed RM184.3mil and RM15.6mil respectively, while sales of industrial land contributed RM18.9mil. The group’s investment properties comprising Matrix Global Schools and d’Tempat Country Club made up the remaining RM6.1mil.

For 1H17, the group recorded revenue and net profit of RM421.1mil and RM98.4mil respectively, representing a growth of 74.1% and 61.5% from the corresponding period a year ago.

“We are fully committed to achieving our new sales target of RM1bil for the current financial year ending 31 March 2017 and by leveraging on our strategic location and track record of delivering distinctive yet affordable homes, Matrix Concepts intends to launch RM550mil worth of new projects for the rest of FY17,” said Matrix Concepts chairman Datuk Haji Mohamad Haslah bin Mohamad Amin.

The property developer’s unbilled sales rose to a record high of RM765.3mil as at 30 September 2016, to be recognized until 2018. Matrix Concepts has also declared a second interim dividend of 3.25 sen per share.

The company is currently undertaking several projects, mainly at its two flagship townships of Bandar Sri Sendayan in Seremban and Bandar Seri Impian in Kluang.

[Borneo Post Online] Matrix Concepts’ investment properties to boost township vibrancy

KUCHING: Negeri Sembilan township developer Matrix Concepts Holdings Berhad (Matrix Concepts) is confident that its investment properties – comprising the Matrix Global Schools and d’Tempat Country Club – would greatly boost the vibrancy of the Group’s flagship township of Bandar Sri Sendayan.

Matrix Global Schools, which had a total development cost of RM200 million, opened its doors to students in September 2014, and today boasts an enrolment of 650 students. Matrix Global Schools comprises the Matrix Private School, Matrix International School, and Matrix International Preschool.

Datuk Mohamad Haslah Mohamad Amin, chairman of Matrix Concepts said Matrix Global Schools has gained tremendous traction in student population, with current students hailing not only from Seremban and other towns in Negeri Sembilan, but also from the Greater Klang Valley such as Kajang, Putrajaya and Cheras.

“This is testament to our magnificent campus as well as the high-quality education provided to our younger generation,” he said in a statement. “Building on this, we are confident of achieving our target enrolment of 1,000 students in early 2017, which is also our operational breakeven point.

“Matrix Global Schools and d’Tempat Country Club form the education and leisure components of our Bandar Sri Sendayan respectively, and are instrumental in boosting the vibrancy of the 30,000-population township.

“These investment properties made up 3 per cent of group revenue at present, and with our expansion plans in place, we hope to achieve 10 per cent revenue contribution in the financial year ending March 31, 2019 (FY2019).”

In addition to attracting more students from the Greater Klang Valley, Matrix Concepts had recently entered into a collaboration with China’s Shanghai Zhangjiang Specialized College to send students to Matrix Global Schools to undertake an 18-month preparatory programme for public examinations. At least 300 students would arrive in batches in 2017 and 2018.

“With the sanguine outlook on student enrolments, we are targeting for MGS to achieve operational breakeven in FY2017. This would bring the Group a step closer towards reaching an inflection point in profit contribution from our investment properties.”

Matrix Concepts delivered sturdy 1Q17 results, with revenue growing 62.9 per cent to RM196.2 million and net profit jumping 73.9 per cent to RM51.9 million, compared to revenue and net profit of RM120.4 and RM29.9 million respectively for the corresponding three-month period ended June 30, 2015 (2Q16).

The strong performance was mainly attributable to higher revenue recognition from the sales of residential and commercial properties.

The Group’s new property sales for 1Q17 stood at RM256.0 million, substantially higher than RM210.5 million recorded in 2Q16, benefitting from resilient demand across its townships of Bandar Sri Sendayan in Seremban and Bandar Seri Impian in Kluang, Johor.

Of total 1Q17 revenue, sales of residential properties contributed RM152.3 million, while sales of commercial properties and land contributed RM25.8 million and RM11.7 million respectively. The Group’s investment properties comprising Matrix Global Schools and d’Tempat Country Club made up the remaining RM6.4 million.

The Group’s unbilled sales stood at RM690.6 million as at 30 June 2016, increasing from RM621.4 million as at 31 March 2016.

For the rest of FY2017, Matrix Concepts is set to launch new projects worth RM700 million in gross development value (GDV), comprising mainly affordably-priced homes.

The Group had launched more than RM400 million in GDV in 1Q17.

In respect of FY2017, the group declared a first interim single-tier dividend of 3.25 sen per share with ex-date on 21 September 2016, payable on 6 October 2016. This translates into an estimated payout of RM18.4 million or 35.4 per cent of 1Q17 net profit.

[StarBiz] Matrix Concepts’ 2Q net profit jumps 73.9%

PETALING JAYA: Property developer Matrix Concepts Holdings Bhd’s net profit jumped 73.9% to RM51.9mil for the three months ended June 30, 2016, from RM29.9mil in the corresponding period last year.

The group attributed its strong performance to higher revenue recognition from the sales of residential and commercial properties.

During the quarter in review, Matrix Concepts saw its revenue increase 62.9%to RM196.2mil from  RM120.4mil previously. The group’s net earnings per share rose to 9.2 sen from 6.5 sen previously.

The group declared a first interim single-tier dividend of 3.25 sen.

In the first quarter (1Q) for its financial year (FY) ending March 31, 2016, the Group’s new property sales stood at RM256mil, which was substantially higher than RM210.5mil recorded in the corresponding period in the preceding year, as it benefitted from the resilient demand across its townships of Bandar Sri Sendayan in Seremban and Bandar Seri Impian in Kluang, Johor.

Of total 1Q17 revenue, sales of residential properties contributed RM152.3mil, while sales of commercial properties and land contributed RM25.8mil and RM11.7mil, respectively.

The group’s investment properties comprising Matrix Global Schools and d’Tempat Country Club made up the remaining RM6.4mil.

“With the sanguine outlook on student enrolments, we are targeting for Matrix Global Schools to achieve operational breakeven in FY2017. This would bring the group a step closer towards reaching an inflection point in profit contribution from our investment properties,” Matrix Concepts chairman Mohamad Haslah Mohamad Amin said in a statement.

As at June 30, 2016, the group’s unbilled sales stood at RM690.6mil, compared with RM621.4mil as at March 31, 2016.

For the rest of FY2017, Matrix Concepts is set to launch new projects worth RM700mil in gross development value (GDV), comprising mainly affordably-priced homes. The group had launched more than RM400mil in GDV in 1Q17.

[Oriental Daily] 金群利首季净赚5192万

(吉隆坡25日讯)金群利集团(MATRIX,5236,主板產业股)2017財政年首季(截至6月30日止)净利和营业额各为5192万令吉和1亿9623万令吉,惟因更改財政年结账日而无比较数据。

配合业绩出炉,该公司宣布派发每股3.25仙股息,除权日为9月21日。

根据文告,金群利集团將財政年结账日从原本的12月31日,更改至3月31日。

惟,若对比去年4月1日至6月30日数据,该公司2017財政年首季税前盈利按年上涨70%,至7040万令吉。

营业额也按年飆升63%,至1亿9620万令吉,归功于產业发展业务销售量增加。

截至今年6月30日,金群利集团的未入账销售为6亿9060万令吉,按年上升27.9%。

当中,新销售按年增加21.6%,至2亿5600万令吉。

金群利集团股价周四(25日)全天无起落,报2.50令吉。

[StarBiz] Matrix Concepts sees double digit growth

By Sarban Singh

SEREMBAN: Property developer Matrix Concepts Holdings Bhd, which registered a sterling performance in its last financial year, expects to chalk double digit growth for the current year despite weak sentiment in the sector.

The Seremban-based developer, which registered a revenue of RM912.2mil and a net profit of RM260.9mil for a 15-month period ending March 31, 2016, is confident that sales of its properties at Bandar Seri Sendayan here and in the Bandar Seri Impian project in Kluang would continue to remain robust despite the expected slowdown.

Group chairman Datuk Mohamad Haslah Mohamad Amin said the listed entity plans to launch new projects with a gross development value (GDV) of between RM900mil and RM1bil for the current financial year.

“Due to the not-so-good outlook, we will focus on affordable housing and increase launches of commercial properties to serve our expanding township population,” he told reporters after the company’sAGM.

Mohamad Haslah said although there was no equivalent year-on-year comparison to the company’s previous 12-month financial year ended on Dec 31, 2014, the company registered a 52% increase in revenue and a 43% increase in net profit this time around.

The company registered a revenue of RM700.9mil and net profit of RM213.2mil for the financial year ending Dec 31, 2015 as against RM598.8mil and RM182.2mil the previous financial year.

“During the 15 month period, we paid dividends totalling 18.79sen per share with a total payout of RM104.3mil which representes 40% of our net profit during the period,” he said.

Mohamad Haslah said for the three-month period spaning April 1 to June 30, 2016, the company launched more than RM400mil worth of projects.

Of the planned launches, affordably-priced residences would make up more than 80% or RM580mil in GDV while high premium residential launches would make up RM100mil in GDV.

Separately, Mohamad Haslah said its M.Carnegie boutique low-rise apartment project in Melbourne was also doing well with more than 30 of the 52 units already snapped up.

“We are also confident that the remaining units would be snapped up in no time,” he said adding that the project had a GDV RM100mil.

Mohamad Haslah said although the implementation of the Goods and Services Tax on April 1, 2015 and the increase in prices of raw material had some effects on its revenue, the company had managed to absorb this by being more cost-efficient.

[Malaysian Reserve] Matrix Concepts Eyeing RM900m Property Sales In FY17

NEGRI Sembilan-based property developer Matrix Concepts Holdings Bhd is expected to record RM900 million worth of new sales in financial year 2017 (FY17), after posting a good performance for the 15-month period ended March 31, 2016.

It s chairman Datuk Mohamad Haslah Mohamad Amin said demand for its residential project in Bandar Sri Sendayan has continued to be robust, attributing it to the increasing appeal of the company’s integrated township concept with af fordable prices tagged to it.

He said the company has also targeted to launch new projects worth RM700 million in gross development value (GDV) for the rest of FY17.

Of the planned launches, Mohamad Haslah said affordably priced residences make up more than 80% or RM580 million in GDV, while higher-premium residential launches make up RM100 million in GDV. Its commercial propert ies make up the remaining RM20 million in GDV.

“While affordably priced residences have been our main offerings, we intend to launch more commercial properties to ensure that the needs of the rapidly expanding Bandar Sri Sendayan population are met with a good range of projects,” he said.

Mohamad Haslah said Matrix Concept has also been receiving encouraging stream of enquiries from prospective business owners, as they recognise the vast potential of Bandar Sri Sendayan emerging as a thriving commercial hub in Negri Sembilan.

For the three-month period from April 1 to June 30, 2016, Matrix Concept had already launched more than RM400 million worth of projects in Bandar Sri Sendayan and its Bandar Seri Impian Township in Kluang, Johor.

Of the launched properties, residential properties made up about RM300 million in GDV while commercial properties made up RM100 million.

For the 15 months ended March 31, 2016, the property developer recorded a net profit of RM260.9 million on the back of a RM912.2 million revenue.

[Oriental Daily] 金群利放眼9亿產业销售

(芙蓉18日讯)隨著2016財政年取得不俗销售表现,金群利集团(MATRIX,5236,主板產业股)放眼2017財政年(3月31日结账)產业新销售可达9亿令吉。

该公司在股东大会后,发文告指出,2017財政年首季于芙蓉达城(Bandar Sri Sendayan)和柔佛居鑾的金恋城(Bandar Seri Impian)推介逾4亿令吉项目,其中,住宅產业总发展价值约3亿令吉,而商业產业则为1亿令吉。

「公司也计划在该財政年推介总发展价值7亿令吉的项目,其中可负担住宅佔80%或5亿8000万令吉,高档住宅佔1亿令吉;商业住宅则佔剩余的2000万令吉。」

虽然该公司主要產品为可负担住宅,但也计划推出更多商业项目,以满足逐渐扩大的芙蓉达城人口需求。

该公司也有信心,维持其未来一年的销售表现。

与此同时,该公司指出,在產业市场疲软的情绪下,为期15个月的2016財政年(3月31日结账)业绩表现依然不俗,取得2亿6090万令吉净利,而营业额则为9亿1220万令吉。

在今日的股东大会上,金群利集团主席拿督莫哈末哈斯拉说,市场对於芙蓉达城產业需求持续强劲,主要是因为综合城镇和可负担的房价,具有巨大的吸引力。

他也表示,「我们在6月尾推出的Suriaman 2B项目,也被迅速爭购,截至7月31日止取得70%的认购率。」

他补充,反映该公司產业弹性的需求。

该公司Suriaman 2B项目涵盖232个双层房屋单位,总发展价值达1亿5400万令吉。

鉴於该公司更改財政年,从12月31日结账改至3月31日,因此2016財政年共有15个月。

[Sinchew] 马新高铁长期催化.金群利芙蓉地库价值待释放

金群利之可负担房产热卖,墨尔本公寓反应不俗,马新高铁计划料长远强化芙蓉1200英亩地库价值。

(吉隆坡9日讯)金群利(MATRIX,5236,主板产业组)之可负担房产热卖,墨尔本公寓反应不俗,马新高铁计划料长远强化芙蓉1200英亩地库价值。

金群利持续看好产业销售可按年增长22%至10亿令吉,丰隆研究继续给予正面评价,惟估计只达8亿令吉销售目标。

丰富研究分析员会晤管理层获告知,尽管景气不佳、前景严峻,位于芙蓉达城(Sendayan)之60万令吉以下可负担房屋仍热卖。

其中124单位,面积20 x 75尺、售价50万8000令吉的Suriaman 1计划已全售罄;20 x 80尺2B期之至少6O万8000令吉房产,自一个月前推展获认购达65%;62万8000令吉以上之Hijayu3 计划,亦获63%认购率。

“这些产业中,总共有60%买家来自巴生河流域,以往是20%。”

马新高铁近期已签备忘录,从新加坡至吉隆坡350公里长高铁途经8站,芙蓉为其中一站;分析员认为这无疑将强化金群利1200英亩地段之价值,这些地段料释放其余50亿令吉产业值。

此外,金群利在澳洲墨尔本之第一项计划建矮楼公寓,总发展值达3000万澳元(约9300万令吉),推出的52单位从45万澳元(约138万5000令吉)起跳,认购率达65%,仅剩低楼层单位。

分析员认为大吉隆坡居民往芙蓉购置金群利产业是亮点,惟缺乏多元化地点有待加强;其最高40%派息率,周息率6%是所研究产业股中最高。

该行维持“买进”评级,目标价2令吉91仙不变,为重估净资产值(RNAV)的20%折价。

[China Press] 買進券商心頭好‧金群利集團 有信心取10億銷售

儘管房市低迷,但金群利集團(MATRIX,5236,主要板房產)位于芙蓉達城(Bandar Sri Sendayan)的房產仍取得良好的銷售成績,樂觀看待前景,並放眼取得10億令吉的銷售目標。

同時,金群利集團旗下Suriaman房產第一期已經全數售罄,第二期也取得65%吸納率。

鑒于房產的可負擔價格,該公司巴生谷地區的消費者也日益增多,目前多達60%,比較先前的20% 。

另外,金群利集團亦在澳洲墨爾本發展“M.卡納基(M.Carnegie)”精品公寓,發展總值(GDV)達3000萬澳元(約9249萬令吉),目前吸納率高達65%。

于此同時,馬新高鐵計劃(HSR)預計在2026年竣工,其中一個站點設在芙蓉,無疑將帶動當地土地升值。金群利集團在芙蓉還有1200英畝地庫,料可從中獲利。

根據該公司最高40%的派息率,我們保守假設2017財年和2018財年的派息率為35%,相等于6%的股息收益率,是我們納入研究的公司中比例最高的。

所以,我們維持金群利集團“買進” 投資評級。

金群利集團週二(9日)閉市以2.53令吉掛收,起1仙,交投67萬8200股。

[Oriental Daily] 短期有利產业领域 降息帮助不大

(吉隆坡14日讯)市场人士大致认为,降息有利產业领域,可提振目前疲弱的需求,但或对整体的可负担能力帮助不大。

国家银行降息25个基点,料减少房贷持有者每月分期供款,联昌国际投行分析员指出,一项30年期的按揭贷款,每月供款料减少约3%。这也预料提高消费情绪和鼓励潜在的购房者。

週三降息消息出炉后,市场情绪受激励,部份產业股週三傍晚应声走高,但这张是並没有持续,富时產业指数週四(14日)早盘受激励上涨至1173.20点,惟隨后转跌,闭市跌1.25点或0.11%,以1168.22点掛收。

今日继续上扬的產业股包括,实达集团(SPSetia,8664,主板產业股),怡保花园(IGB,1597,主板產业股)及双威(Sunway,5211,主板產业股)等,但大部份涨幅並不显著。实达集团是当中涨幅较大的一家,一度触及3.01令吉,最终收在2.98令吉,涨6仙或2.05%。

瑞银集团(UBS)分析员表示,儘管降息让一些背负房贷的家庭,有些许喘息的空间,但实际影其实不大。不过,却料可改善消费情绪,提振购买意愿。

市场也期待监管单位进一步放宽產业措施,这相信是產业股在国银宣布降息后走高的原因。

分析员认为,「放宽產业领域的限制將更有效激励该领域。隨著2014年预算案宣布宏观审慎措施,导致房贷申请及批准数额下滑。若可重新允许发展商为首购族提供利息承担计划(DIBS),以及减少產业盈利税(RPGT),將以提振產业交易。」

下半年销售更好

丰隆投行分析员也指出,「国行表示早前的產业降温措施成功打击投机活动。因此我们不排除任何潜在的宽鬆政策。」

市场普遍看好降息可改善產业市场,大眾投行分析员直言,降息对產业市场是一剂强心针。联昌国际分析员也认为,降息將转换成较低的贷款成本,提高潜在买家的购买力,提振產业需求。预期发展商在未来数月將推出更多產业项目,產业销售在2016年下半年將会有更好的表现。

大眾投行和联昌国际分析员均认为產业股目前被低估,因此,维持「增持」投资评级。

瑞银集团否认產业股首选为马星集团(MAHSING,8583,主板產业股),主要因为其良好的资產负债表、0.10倍的低负债率,以及持有11亿令吉(截至今年3月31日止)的现金,允许该公司进行潜在的土地交易。而联昌国际的首选股则为绿盛世(ECOWLD,8206,主板產业股)。

丰隆投行和MIDF研究维持產业领域「中和」评级,前者首选IOI產业(IOIPG,5249,主板產业股)和金群利集团(MATRIX,5236,主板產业股)。MIDF研究分析员则看好UOA发展(UOADEV,5200,主板產业股),主要因为其销售成长88%、週息率达5.6%优于同业、以及坚固的资產负债表。

另一方面,达证券分析员则认为,房贷供款每月减少约3%,不足以鼓动消费者进行大型花费。鉴於目前具挑战性的宏观环境,消费者可能寧愿持有更多的现金,作为生活费,並保障自己免受成本上升和突发事件影响。

「疲弱的消费情绪和严谨的贷款打击產业销售,单靠货幣政策不太可能提振整体產业市场;下调OPR预期不会改变银行谨慎审批贷款申请的態度。」

有鑑於此,该分析员维持產业领域「减持」投资评级。