[%KxRN%] 
Research by APEX
Buy – TP of MYR 2.14

“Esteemed Urban Development Seremban Player” 

We are optimistic over Matrix's earnings growth prospect as the Group exhibits a clear growth strategy, in evident from ongoing landbank acquisition efforts to ensure sustainable development over the next two decades. Additionally, the expansion beyond Malaysia suggests strong management confidence and a diversified revenue stream, further bolstering our positive outlook.

Analyst(s):
Team Coverage
[%lGPw%]

$KLSE-MATRIX 
Research by APEX
Buy – TP of MYR 2.14

“Esteemed Urban Development Seremban Player” 

We are optimistic over Matrix's earnings growth prospect as the Group exhibits a clear growth strategy, in evident from ongoing landbank acquisition efforts to ensure sustainable development over the next two decades. Additionally, the expansion beyond Malaysia suggests strong management confidence and a diversified revenue stream, further bolstering our positive outlook.

Analyst(s):
Team Coverage
research.dept@apexsecurities.com.my

$MATRIX / 5236 (MATRIX CONCEPTS HOLDINGS BERHAD)