MANAGEMENT DISCUSSION & ANALYSIS Aligning with its approach of business diversification, the Group has extended its reach to include education, construction, hospitality and even reviving a hospital in order to serve the healthcare needs of its community. Further information on the divisions mentioned above is available at their respective sections in this report. At the heart of its property development portfolio is our flagship, the awardwinning Sendayan Developments in Negeri Sembilan, encompassing multiple developments including Bandar Sri Sendayan, Ara Sendayan, Tiara Sendayan, Bayu Sutera, Irama Sendayan, Laman Sendayan and Eka Heights. Another key development is our 1,210-acre Bandar Seri Impian (“BSI”), in Kluang, central Johor. The Group has expanded its operating boundaries to reflect the evolving needs of the urban population, extending into high-rise development within the Klang Valley, with the launch of the Group’s second Klang Valley Development, Levia Residence in Cheras. Such is the all-encompassing vision of Matrix that it has spread its capacity and capability internationally to Australia and Indonesia, with key developments in strategic prime locations there. With its landbank of 2,032 acres, carrying a total gross development value (“GDV”) of RM11.7 billion, the Group has successfully entrenched its reputation as a leading township property developer, further demonstrated by its multiple industry awards and other accolades attained. The Group continues to deliver strong financial performance over the years. As at end financial year ended 31 March 2024 (“FY2024”), market capitalisation of the Group stood at RM2.3 billion. Since its listing on the Main Market of Bursa Malaysia Securities Berhad 11 years ago, the Group takes pride in consistently and without fail, paying out quarterly dividends to its loyal shareholders. Irama Sendayan 2 Park KEY MESSAGES 37 INTEGRATED ANNUAL REPORT 2024
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