MIDF starts coverage on Matrix Concepts, target price RM1.81
MIDF said it sees a better earnings outlook for Matrix Concepts in FY2024 and FY2025 as construction progress at project sites normalised.
MIDF said it sees a better earnings outlook for Matrix Concepts in FY2024 and FY2025 as construction progress at project sites normalised.
The research house said Malaysia's construction activity in the second quarter of 2023 expanded for the fifth straight quarter since 2Q2022, reporting an increase of 8.
Rafe Haneef: I think we will know [the appointment] in due course.
Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.
According to the group, the merged entity will be equipped with RM61.
In a sector update on Wednesday (Aug 17), the research house said the Sarawak government projects a capital injection of RM100 billion by 2028, envisioned to elevate the state into developed economy status.
It said residential overhang units in 1QCY22 were largely contributed by condominium and apartment.
KUALA LUMPUR (April 15): MIDF Research said on Friday (April 15) that it expects AEON Co (M) Bhd’s prospects to improve from the financial year ending Dec 31, 2022 (FY22) onwards in line with the reopening of businesses and social activities.
KUALA LUMPUR (Dec 8): MIDF Research said it sees a lack of catalyst ahead for listed players in the construction sector, despite the government’s effort to stimulate the economy through the sector.