PETALING JAYA: Property developer Matrix Concepts Holdings Bhd
, known for its township projects in Negri Sembilan, is planning to diversify by increasing revenue streams from outside the state alongside an exit from Australia as part of a strategy for more efficient capital reallocation .
Hong Leong Investment Bank Research (HLIB Research), which recently met with the company’s management, said despite softer earnings for its third quarter ended March 31, from a temporary revenue-recognition mismatch, the outlook remains positive as Matrix Concepts actively pursues a diversification strategy.
