12MFY24 core net profit at RM246.5m came within expectations, making up to 95.8% of our core net profit forecast at RM257.2m.
Equipped with unbilled sales of RM1.18b as at end-FY24 will provide revenue visibility over the next 18 months and to launch several projects that carries a total gross development value (GDV) of RM1.65b for FY25.
Maintain BUY recommendation on MATRIX with an unchanged target price of RM2.14, based discount rate of 20% to our RNAV.
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The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.
Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.
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| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 1.540 | 0.050 | 135.77M | |
| 0.070 | -0.015 | 125.07M | |
| 1.100 | 0.060 | 107.26M | |
| 0.100 | 0.025 | 107.04M | |
| 4.390 | 0.010 | 74.79M | |
| 0.155 | 0.020 | 73.57M | |
| 0.070 | -0.015 | 69.32M | |
| 0.375 | -0.005 | 68.62M | |
| 0.890 | 0.070 | 68.25M | |
| 0.100 | 0.035 | 67.90M |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 13.440 | 0.440 | 47.40K | |
| 31.000 | 0.360 | 25.60K | |
| 1.170 | 0.320 | 1.20K | |
| 5.250 | 0.270 | 478.70K | |
| 0.850 | 0.180 | 51.00K | |
| 4.020 | 0.150 | 2.31M | |
| 8.440 | 0.150 | 59.44M | |
| 3.830 | 0.150 | 21.45M | |
| 19.420 | 0.140 | 405.20K | |
| 8.000 | 0.120 | 111.40K |
| Stock | Last (RM) | Change (RM) | Volume |
|---|---|---|---|
| 22.300 | -0.700 | 3.63M | |
| 26.120 | -0.460 | 550.90K | |
| 101.800 | -0.400 | 158.80K | |
| 0.115 | -0.400 | 50.00K | |
| 19.500 | -0.300 | 3.16M | |
| 0.740 | -0.245 | 20.00K | |
| 0.170 | -0.210 | 4.93M | |
| 27.600 | -0.200 | 306.40K | |
| 18.960 | -0.200 | 359.60K | |
| 0.495 | -0.195 | 15.20K |
| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.186344 | 4.224837 |
| EUR | 4.692802 | 4.707788 |
| CNY | 0.594564 | 0.595974 |
| HKD | 0.537155 | 0.542118 |
| SGD | 3.243708 | 3.273864 |
Last Updated: Friday, September 20, 2024
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