Matrix Concepts Sees Strong FY27 Growth on Sales Recovery and MVV City Progress

Matrix Concepts expects stronger FY27 earnings, supported by higher property sales, improving margins, MVV City developments and infrastructure upgrades despite concerns surrounding Negeri Sembilan conditions.

Matrix Targets Stronger Growth

Matrix Concepts Holdings Berhad remains confident in its long-term growth prospects despite recent concerns surrounding the situation in Negeri Sembilan, with analysts maintaining a BUY recommendation and an unchanged target price of RM1.55.

The research house believes the company’s recent share price decline to a two-year low does not accurately reflect its underlying business strength and attractive valuation.

The company expects its operations and the long-term development of MVV City to remain unaffected. The integrated township continues to benefit from structural demand for industrial and logistics developments, supported by significant investments and capital commitments from major developers involved in the MVV 2.0 initiative.

One of the project’s major growth catalysts is the Nilai-Labu-Bandar Enstek (NLE) Highway, which is expected to be completed in 2027. The highway will improve connectivity between Nilai, Labu and Bandar Enstek while providing a faster route to Kuala Lumpur International Airport by bypassing congestion on the North-South Expressway.

The enhanced accessibility is expected to strengthen MVV City’s appeal for industrial, logistics and township developments.

Looking ahead, Matrix Concepts anticipates a stronger financial performance in FY27 after temporary weakness in FY26. Gross profit margin is forecast to recover above 40%, supported by higher-margin developments, particularly industrial components within MVV City.

The company is also targeting new property sales of RM1.8 billion in FY27, compared with RM1.5 billion achieved in FY26. Sales growth is expected to be driven by resilient demand for residential projects in Bandar Sri Sendayan, industrial land transactions and the upcoming launch of Levia Residence in Puchong. Analysts also expect an attractive dividend yield of about 6.0% for FY27.