Earnings expansion for Matrix Concepts

PETALING JAYA: Matrix Concepts Holdings Bhd’s upcoming projects in Malaysia Vision Valley (MVV) will run parallel with Bandar Sri Sendayan continued development, and this will spur its earnings growth further from financial year 2026 (FY26), says MIDF Research.

However, the group’s near-term catalyst would come from land bank expansion in Labu with better earnings prospects expected from FY24, it added.