PETALING JAYA: Property developer Matrix Concepts Holdings Bhd
’s earnings momentum is expected to be supported by the upcoming Malaysia Vision Valley City (MVV City) project, unbilled sales and industrial projects located in Negri Sembilan and residential launches in the Klang Valley.
RHB Research expects property sales to be stronger as the company ramps up launches and have higher contributions from industrial plots in MVV City.
“This should help to drive Matrix Concepts to meet its financial year 2026 (FY26) RM1.6bil sales target (FY25: RM1.38bil),” it said. Hong Leong Investment Bank Research views the company’s move to diversify to MVV City and the Klang Valley from its flagship Bandar Sri Sendayan project focused on residential properties in Negri Sembilan, as a ‘timely move”.
