KUALA LUMPUR: Matrix Concepts Holdings Bhd has posted its all-time high new property sales of RM1.3 billion in the financial year ended March 31 2022 (FY22), Surpassing the previous year's achievement of RM1.2 billion.
The Negri Sembilan-based property developer also proposes a one-for-two bonus issue.
Chairman Datuk Mohamad Haslah Mohamad Amin said the company's prospects for FY23 remained bullish, with the reopening of international borders expected to ease the supply of construction labour and enable the company to speed up project delivery progress.
"Our solid financial position allows us to execute our growth plans and maintain our dividend payout of a minimum 50 per cent of net profit to our shareholders," said Haslah.
The company declared a fourth interim dividend of 3.75 sen per share in respect of FY22, with ex-date on June 22, 2022 to be paid on July 7, 2022.
Together with the first interim, second interim and third interim dividend of 2.0 sen, 3.0 sen and 3.75 sen respectively, total dividend payout would amount to RM104.3 million or 52.0 per cent of FY22 net profit.
Profitability Gross Margin +54.96 Operating Margin +29.55 Pretax Margin +29.69 Net Margin +22.99 Return on Assets 7.85 Return on Equity 11.04 Return on Total Capital 12.11 Return on Invested Capital 10.09
The profit margins of a well run property development company.
22/05/2023 7:12 AM
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥Using GDV as the starting point, we can, as a guide, expect gross profit margin of just above 50%, pretax profit margin of about 30% and Net margin (after tax) of about 25% for a well run property development company.
22/05/2023 7:15 AM
stockraiderThis is a Good bluechip property development stock loh! Pays good div n good profitable business loh!
That time I used to think that I can be god of Bursa, play trading. Sold it off to buy other shares 😂🤣
My current watchlist: Alliance Bank AEON Credit KPJ Healthcare PPB
Matrix divvy trend looks tasty, hence I continue to keep the other 4 in fridge and bought in Matrix 😁
01/09/2023 2:15 PM
observatoryGood sharing. Based on my observation, this company is better suited for investors looking for dividend accumulation rather than capital appreciation. Sleepy stock like UP. But can sleep well with it.
Normally I don't like property counters, esp. Klang Valley ones. Overdeveloped, overbuilt. But Matrix is more focused on landed, esp. Bandar Seri Sendayan. Naturally central region housebuyers who wanted landed property but cannot tahan Klang Valley prices will look there. I like what they're doing!
01/09/2023 2:39 PM
bullrun2025EPF keep selling, the price cant go up, any strategy on this
04/09/2023 11:06 AM
PinkyEPF also kept selling YTL before YTL's recent super bull run...
04/09/2023 11:22 AM
bullrun2025But YTL that time only 55c, matrix 1.50 now
04/09/2023 11:59 AM
PinkyHahaha rise back up immediately after ex divvy. Good!
20/09/2023 4:04 PM
bullrun2025Property counter strong today, all up more than 5%
20/09/2023 5:43 PM
RhenlyMatrix Concepts Holdings Bhd achieved RM310.8 million in new property sales in Q2 of FY2024, primarily driven by Sendayan Developments. The company's first-half new property sales rose to RM616.1 million. https://www.instagram.com/p/C0A7LSLhyAq/?img_index=1
28/11/2023 3:22 PM
Layla123Matrix Concepts Holdings Bhd https://t.ly/BgFI5 mencapai RM310.8 juta dalam jualan hartanah baharu pada Q2 TK2024, dipacu terutamanya oleh Sendayan Developments.
