Matrix Concepts Strengthens Growth with Mawar Medical Centre Expansion & Malaysia Vision Valley City Project
Matrix Concepts Holdings Bhd (KL:MATRIX) continues to solidify its position as a key player in Malaysia’s property and healthcare sectors, with steady recurring income from Mawar Medical Centre (MMC) and the upcoming Malaysia Vision Valley City (MVV City) development.
RHB Research remains bullish on Matrix Concepts, maintaining a ‘Buy’ call with a target price of RM2.72, citing strong fundamentals and growth prospects.
Healthcare Expansion: MMC’s Bed Capacity to Grow by 24%
🏥 Matrix Concepts is expanding its healthcare business, Mawar Medical Centre (MMC), to accommodate increasing patient demand. The hospital’s bed capacity is set to increase from 88 to 109 by the end of 2025.
Long-term plans include a new eight-storey hospital building on an adjacent 1.7-acre land, which could expand capacity to 200 beds in the future.
🔹 Why This Expansion Matters:
✔ Steady Recurring Income – Healthcare revenue expected to contribute 4% to 5% of Matrix’s bottom line
✔ Higher Patient Capacity – More beds = higher revenue from medical services
✔ Strategic Growth in Negeri Sembilan – Positioning itself as a leading healthcare provider in the region
Despite potential regulatory challenges like the Diagnostic Related Groups (DRG) system, which standardizes hospital charges, RHB Research expects MMC’s profit margin to remain at 13% to 15%, comparable to larger hospitals in Klang Valley.
Matrix Concepts’ RM15 Billion MVV City Development to Drive Property Growth
🏗️ Matrix Concepts’ property arm is set to benefit from its ambitious Malaysia Vision Valley City (MVV City) project, a RM15 billion mixed-use development in Negeri Sembilan.
🎉 December 2024 Milestone: The company broke ground on Phase 1 of MVV City, marking the start of a 12-year development covering 2,382 acres.
🔹 MVV City Phase 1 Highlights:
📍 1,000 acres dedicated to industrial zones
🏡 15,000 new residential units planned
🏢 174-acre commercial development
💰 Expected to be a key driver for Matrix’s financial year 2026 and beyond
With Matrix Concepts holding an 85% stake in MVV City alongside the Negeri Sembilan government (NS Corporation), the project is expected to significantly contribute to revenue growth over the next decade.
“MVV City is positioned to be a game-changer, transforming Negeri Sembilan into a high-value industrial, residential, and commercial hub,” analysts noted.
Why Matrix Concepts Is a Strong Buy
RHB Research remains confident in Matrix Concepts’ future growth, highlighting:
✅ Diversified revenue streams from property & healthcare
✅ Strategic investments in Negeri Sembilan’s economic growth
✅ Long-term recurring income from MMC’s healthcare expansion
✅ Strong profit margins & future-proof business model
💰 Stock Performance:
Matrix Concepts was last traded at RM2.20, giving it a market capitalization of RM2.75 billion. With continued expansion in both property & healthcare, the company is well-positioned for strong long-term growth.
Final Takeaway:
Matrix Concepts’ healthcare expansion and MVV City development are set to unlock long-term value for investors, making it a compelling stock to watch in 2025 and beyond.
📢 Stay updated on Matrix Concepts’ growth & stock trends!
