Crescendo (stock code: 6718) saw its net profit for the third quarter ended Oct 31, 2023 rise by 270% to RM17.97 million compared with RM4.86 million a year earlier, underpinned by higher properties sales compounded with high-margin industrial land sale. Quarterly revenue surged by 98.56% to RM101.79 million from RM51.26 million for the previous year.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=226437&name=EA_FR_ATTACHMENTS

In second quarter of 2023, Crescendo launched 100 acres of industrial land for sales in NCIP and was fully sold with total lock-in sales of RM543.19 million. 

In third quarter of 2023, Crescendo launched the balance land bank of approximately 100 acres for sales with a GDV of RM500 million.

What is the total land sales value for 200 acres in NCIP? 

What is the current market cap of Crescendo?

What are the remaining land banks you get for free?

1. Bandar Cemerlang (1,390 acres) - Potential GDV of RM6 billion?

15% of the township was developed with total GDV of RM851 million. 

2. Tanjung Senibong: Prime waterfront project within Iskandar Malaysia (221 acres) - Potential GDV of RM4.6 billion?

3. Crescendo Landmark project within JB- Singapore RTS - Total GDV RM900 million 

And more...

https://crescendo.com.my/core-files/uploads/2024/01/CCB_Analyst-Briefing-2024-Q3-31122023.pdf 

Is Crescendo the best deal for 2024?