MIDF is bullish on developer’s focuses on affordable homes, steady dividend payout and improved earnings prospects.
Matrix Concepts’ flagship development is Bandar Sri Sendayan, which spans over 6,270 acres in Seremban West.
The other reasons would be the developer’s prime growth projects in Indonesia and land banking in Labu, Negri Sembilan, as well as the projection of a healthy balance sheet. Its flagship development is Bandar Sri Sendayan, which spans over 6,270 acres in Seremban West. Revenue for the quarter jumped 45% to RM331.4 million from RM229.3 million previously, mainly attributed to the revenue contribution from its townships.
The company anticipates the achievements will come from its flagship Sendayan Developments, spanning Negeri Sembilan and Kluang, Johor.
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