Posted by SuperLaber > 2017-05-16 14:49 | Report Abuse

good and bad news mixed, but overall if the dividend payout can sustain more than 5% and the company is not making loss, it's worth to hold. Not to forget the bonus issue is an additional bonus to the shareholder, cheers!

Posted by Bratt > 2017-05-16 15:02 | Report Abuse

The point is the company is super cash-rich and now talking to some foreign investors (mainly from China) for the next big JV project in Negeri Sembilan which is not just property. They have ventured into long-lasting cash cows like education and medical care. Another new cash cow segment coming soon.TP is RM3.55 before 4+1 bonus share.

Posted by smartsing > 2017-05-16 17:21 | Report Abuse

Tommorrow ALL IN

Posted by Bonus2017 > 2017-05-16 18:35 | Report Abuse

2.30pm QR out, earnings is good ma. 2.31 start droping? someone scared of the bonus kah? wahaha.

Posted by Bonus2017 > 2017-05-16 18:36 | Report Abuse

if 3.00 b4 ex, after ex = RM3 x 4 = RM12 / 5 = RM2.40. Correct me if wrong.

Posted by Patrick13 > 2017-05-16 19:58 | Report Abuse

Yes you are right.

Bonus2017 if 3.00 b4 ex, after ex = RM3 x 4 = RM12 / 5 = RM2.40. Correct me if wrong.
16/05/2017 18:36

Posted by 10bagger10 > 2017-05-16 21:21 | Report Abuse

Bratt, how much net cash per share? Say it.

Posted by AidenCrox > 2017-05-16 21:54 | Report Abuse

RM 64,645,000.00 cash, which is equivalent to RM 0.11 per share.

Posted by Daim Awuf Jamalullail > 2017-05-16 21:55 | Report Abuse

guys...where is the link in bursa malaysia website to download the form for warrant conversion?

Posted by AidenCrox > 2017-05-16 21:59 | Report Abuse

There is a statement in the report, 'A significant portion of the progress
billings would only be recognized after the end of the quarter under review'. Looks like the show will not end so soon.

Posted by Bratt > 2017-05-17 09:43 | Report Abuse

Good. I am paying for the show.... so hopefully won't end so soon. TP Rm3.10 in one week's time. And then sail to Rm3.55 prior ex.

Posted by csyong71 > 2017-05-17 09:57 | Report Abuse

what about the WA? my remiser said will suffer losses and price will drop 20% after bonus? can someone share the past experience?

Posted by kcwong > 2017-05-17 10:20 | Report Abuse

Just buy at 2.72, before the ex date...

Posted by kcwong > 2017-05-17 10:22 | Report Abuse

The bonus share sure will dilute the share price after given, same like dividend. So it doesn;t mean it will "drop". So u got more shares with lower price. Same amount actually at the end.

Posted by csyong71 > 2017-05-17 10:44 | Report Abuse

@kcwong, thanks for explanation! so we will get more bonus units same as mother?

Posted by AidenCrox > 2017-05-17 10:54 | Report Abuse

Nope, usually warrant amount will stay the same but its exercise price will be adjusted to match the new amount of total shares. So the price won't suffer losses.

Posted by Wahlaueh > 2017-05-17 13:04 | Report Abuse

Guys, If I am not wrong, warrant will be entitled to bonus issue as well. Kindly check with your remisier...

Posted by Ste4dy15 > 2017-05-17 13:32 | Report Abuse

Warrant market price and exercise price will both adjusted ... It is same, no lose

Posted by Ste4dy15 > 2017-05-17 13:34 | Report Abuse

Even the price drop 20%, but we have 20% more warrant and 20% lower exercise price...Same value

Posted by csyong71 > 2017-05-17 15:11 | Report Abuse

thanks for advices from all Sifu here

Posted by Bratt > 2017-05-17 18:24 | Report Abuse

Happy to have accumulated more shares today @2.70. Now just sit tight for one month in order to cross the dividend ex date and hopefully bonus share approved.

Posted by bowman > 2017-05-18 09:15 | Report Abuse

EPF moved in 520K yesterday

Posted by kcwong > 2017-05-18 09:55 | Report Abuse

ya, EPF acquired to increase its share to 5.45% now in Matrix

Posted by bowman > 2017-05-18 12:15 | Report Abuse

Must be good counter to attract such big investor - or EPF looking for a very good dividend & bonus deal.

Posted by smartsing > 2017-05-18 13:49 | Report Abuse

EPF can leave it anytime..

Posted by bowman > 2017-05-19 10:34 | Report Abuse

Indeed. and if it didnt and keeps buying, it should tell us something, dont it?

Posted by kcwong > 2017-05-22 08:54 | Report Abuse

Every investor sure can leave it anytime, but when EPF join in, mean temporary is still in uptrend mode...till the dividend Ex date and bonus shares....

Posted by kcwong > 2017-05-22 09:33 | Report Abuse

DATO' LEE TIAN HOCK (a substantial shareholder) acquired 833,333 shares on 17-May-2017.
DATO' IR BATUMALAI A/L RAMASAMY (a company director) acquired 69,999 shares on 17-May-2017.
DATO' LEE TIAN HOCK (a company director) acquired 833,333 shares on 17-May-2017.

Posted by bbjack > 2017-05-22 15:14 | Report Abuse

why the son matrix-wa doesnt move while the mother alr up a lot?? with a low premium of 7%

Posted by kcwong > 2017-05-22 16:04 | Report Abuse

new high 2.82....still uptrend this week...

Posted by kcwong > 2017-05-22 16:31 | Report Abuse

Target price 3.00 this week?

Posted by Ste4dy15 > 2017-05-22 16:35 | Report Abuse

why quarterly result not good still can up so much?

Posted by Ste4dy15 > 2017-05-22 16:56 | Report Abuse

warrant will be negative premium soon...

Posted by Patrick13 > 2017-05-22 17:53 | Report Abuse

Proposed bonus issue 1-for-4 effect.

Ste4dy15 why quarterly result not good still can up so much?
22/05/2017 16:35

Posted by Patrick13 > 2017-05-22 20:10 | Report Abuse

Matrix Concepts Holdings Berhad ("the Company") is pleased to announce that it has on 22 May 2017, lodged with the Securities Commission Malaysia to establish the Sukuk Wakalah Programme.

The Sukuk Wakalah Programme shall have a tenure of seven (7) years and the first issuance under the programme will be made within sixty (60) business days from the lodgement date. The Sukuk Wakalah Programme will be unrated and is structured based on the Shariah principle of Wakalah Bi Al-Istithmar.

Proceeds raised from the issuance of Sukuk Wakalah under the programme may be utilised by the Company for, amongst others, the following Shariah-compliant purposes:

1) to finance future investments;

2) to finance working capital requirements, capital expenditure, and other general corporate purposes; and/ or

3) to defray expenses in relation to the Sukuk Wakalah Programme.

Maybank Investment Bank Berhad is the sole Principal Adviser, Lead Arranger, and Lead Manager for the Sukuk Wakalah Programme.

This announcement is dated 22 May 2017

Posted by Patrick13 > 2017-05-22 20:12 | Report Abuse

I not sure Sukuk Wakalah Programme is good deal or not, but it shall attract Bumiputra investors to subsribe and thus boost the share price. Positive thing is it can fund Matrix future bigger expansion and business, negative thing is the increase cost of financing.

Posted by bowman > 2017-05-23 06:45 | Report Abuse

Matrix at all time high, I think

Posted by azlan88 > 2017-05-23 08:24 | Report Abuse

Believe that Sukuk Wakalah would be used for landbanking purpose. They are preparing themselves for life after completion of Sendayan development. LOL.

EPF is increasing their stake in Matrix while Tabung Haji goes for KSL. Probably due to increasing optimism of property sector recovery. In addition current valuation is cheap and a far cry from 2013.

Posted by AidenCrox > 2017-05-23 08:40 | Report Abuse

Ste4dy15 why quarterly result not good still can up so much?
22/05/2017 16:35

The quarter result is not necessary bad. Overall profit and NTA has improved compared year to year. And this is with significant portion of billings not recognised this quarter (according to the report).

Now Property sentiment is still low, with average market PE 4-7. If property sentiment comes back, in 1-2 years Matrix can probably raised above RM4 at least with its DY and EPS growth.

Posted by kcwong > 2017-05-23 08:44 | Report Abuse

Ste4dy15 why quarterly result not good still can up so much?

22/05/2017 16:35

Because annual wise Matrix still positive profit and this company strong fundamentals.
Also Matrix is willing to give out consistent dividend few times per year.
Latest dividend is next month plus proposed Bonus share 1 for 4, that's why pushing it upward.

Posted by Patrick13 > 2017-05-23 09:07 | Report Abuse

I think I might miss the boat on last week Wed when quarter result is released a noon break. That time still can buy below 2.70. Based on current trend, may only able to top up after bonus share done.

Posted by bowman > 2017-05-23 09:30 | Report Abuse

Ste4dy15: why quarterly result not good still can up so much?
22/05/2017 16:35

Here are some reasons:


"YoY: 4QFY17 core PATAMI (excluding RM10.6m ESOS expenses) increased by 3.4% despite a 23.6% drop in revenue on the back of improved gross profit margin from 53% to 59% resulting from recognition of higher margin products.

New property sales in 4QFY17 achieved RM193.1m (vs RM168.7m 5QFY16), bringing FY17 sales exceeding RM1bn. Sales were mainly derived from its flagship Bandar Sri Sendayan (BSS) in Seremban and Bandar Seri Impian in Kluang.

Matrix had launched RM60.6m worth of projects in 4QFY17 namely Suriaman 2A and Hijayu 3 at BSS, with strong take-up rate >80% for all ongoing projects. Total targeted new launches in FY18 amount to RM1.4bn.

Total unbilled sales stands at RM859.5m down from a historical high of RM900m last quarter, representing 1.1x over FY17 property development revenue.

Matrix is well-positioned to ride on affordable housing theme (majority products are below RM600k) within its successful township. HSR is a long term catalyst and its dividend yield is one of the highest in the sector at circa 6%."

Posted by yokemui > 2017-05-23 13:18 | Report Abuse

Bowman, what is HSR u r referring to? I'm not an experienced trader/investor. Thnx

Posted by Patrick13 > 2017-05-23 13:37 | Report Abuse

I think he is referring to KL-SG High Speed Rail, as one of the centre points also stop in Seremban.

Posted by kcwong > 2017-05-24 07:45 | Report Abuse

ya, HSR mean High Speed Railway (KL-SG). One of the station is very near to the Bandar Sri Sendayan where Matrix main properties development is there. Also, Msia Vision Valley and KLIA Aeropolis is also near to this development. That's why all good news and future make it popular stock.

Posted by kcwong > 2017-05-24 14:01 | Report Abuse

Why today so quiet?

Posted by Bratt > 2017-05-24 19:25 | Report Abuse

Yes today very quiet. And the small transaction drops the price by 5cents. Pure manipulation. Most are holding on to shares, knowing well it is going to rise. Managed to buy another 40k shares. :-)

Posted by kcwong > 2017-05-25 09:12 | Report Abuse

what happen today?

Posted by vzcb1t > 2017-05-25 15:08 | Report Abuse

Sure the price will shoot up before bonus shares ex-date.

Posted by Patrick13 > 2017-05-25 21:39 | Report Abuse

Hi vzcb1t, not necessary. Last year I bought Gadang before bonus share ex-date, also lao sai until beginning of this year, share price only manage to chase back.