CRESCENDO CORPORATION BHD

KLSE (MYR): CRESNDO (6718)

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Last Price

3.58

Today's Change

-0.02 (0.56%)

Day's Change

3.55 - 3.60

Trading Volume

216,100


2 people like this.

451 comment(s). Last comment by DaveInvest 18 hours ago

Mohd Shuk

725 posts

Posted by Mohd Shuk > 2012-03-29 17:43 | Report Abuse

Masih Ada Ruang!!!

Mohd Shuk

725 posts

Posted by Mohd Shuk > 2012-03-29 17:43 | Report Abuse

Uptrend!!! Simpan Long Term!!!

chongkonghui

1,117 posts

Posted by chongkonghui > 2012-04-01 23:14 | Report Abuse

Going up to 2.00 tomorrow.

Posted by Raja Kamil > 2012-04-04 07:00 | Report Abuse

kalau lepas 1.92 hari ni, boleh naik lagi

chongkonghui

1,117 posts

Posted by chongkonghui > 2012-04-09 11:29 | Report Abuse

What happen to this counter? Keep dropping...

chongkonghui

1,117 posts

Posted by chongkonghui > 2012-04-15 22:49 | Report Abuse

TA report tak boleh pakai? Nowhere near RM1.95 (TP in Dec 2011)....

what are they talking about TP RM2.67??

wind28

11 posts

Posted by wind28 > 2012-04-16 17:11 | Report Abuse

Any update on this stock?

chongkonghui

1,117 posts

Posted by chongkonghui > 2012-05-17 11:13 | Report Abuse

Average down....accumulate at lower price. Dividend payment coming

chongkonghui

1,117 posts

Posted by chongkonghui > 2012-07-03 11:20 | Report Abuse

Moving up as final dividend 7% declared.
Ex-date 6.8.2012 and pay 29.8.2012

chongkonghui

1,117 posts

Posted by chongkonghui > 2012-10-08 11:51 | Report Abuse

No liquidity... can't invest too heavy into this Counter but still a good buy for below RM1.85

Posted by tingtong > 2012-12-27 10:41 | Report Abuse

buy more this couter

chongkonghui

1,117 posts

Posted by chongkonghui > 2013-01-02 23:47 | Report Abuse

Bad results , no dividend.

Sell first. Be safe.

chongkonghui

1,117 posts

Posted by chongkonghui > 2013-01-11 02:34 | Report Abuse

Wait to buy back at 1.70. Sold 1.80 last week.

Will price down to 1.70?

ulalar

76 posts

Posted by ulalar > 2013-02-17 23:10 | Report Abuse

where the heck is this Mohd Shuk? went mia so long??

nubhan .

892 posts

Posted by nubhan . > 2013-02-18 08:12 | Report Abuse

dah sangkut kot

ulalar

76 posts

Posted by ulalar > 2013-02-26 11:55 | Report Abuse

Posted by kcchongnz > Feb 23, 2013 05:03 PM | Report Abuse

ulalar, my opinion on your crescendo as follows:
Investors who have bought Crescendo at about RM1.10 3 years ago would have made a paper gain of 66 sen, or 60%, twice compared to a gain of 30% of the broad KLCI composite index during the same period. The long-term uptrend of its share price is still intact.
The share price of Crescendo started to rise gradually from the beginning of the year 2012 when it was apparent that the company has its financial performance improving. On 31/3/2012, Crescendo reported a huge 35% and 75% jump in revenue and net profit for the financial year ending 31/1/2012 to 290 m and 63.7 m respectively as compared to the previous year. Besides the big jump in sales, its net profit margin also improved drastically from 17% to 21%. These in turn improved the return of equity (ROE) from 7.5% to 12.9%. Thanks to the Southern Corridor in the Iskandar Development, in particular in Crescendo’s good sales in industrial buildings development and its construction activities.
The attractiveness of Crescendo as a long-term investment comes from its fairly low market valuation. With an earnings of 35 sen per share and a share price of RM1.76, Crescendo is trading at a PER of 5. The dividend yield of Crescendo is also very attractive at 8.5% for the last financial year.
Using a variety of discount cash flows methods with the assumption of 5% growth in earnings for the next 5 years and 3% terminal growth rate, and a discount rate of 12%, Crescendo’s intrinsic value is found to be between RM2.30 to RM2.75, with an average of RM2.53. There is a potential 43% upside compared to its share price of RM1.76. The margin of safety of investing in Crescendo is above 30%.
However, the Group's revenue and PBT for the nine months of the financial year ending 31 January 2013 decreased 4% to RM210.6 million and 24% to RM49.2 million respectively. The decreases in revenue and PBT were mainly due to lower sales in industrial properties. Despite of the lower profit, earnings per share is expected to be about 27 sen for the whole year. The prospective PE ratio is still not excessive at 6.5.
The future success of investing in Crescendo will depend on the success of of its Nusa Cemerlang Industrial Park and the other development in the Iskandar Development Corridor of which the government has fully committed on. With RM 444 million worth of land held for development under its balance sheet now, the chance of success for Crescendo appears to be bright.

@kcchongnz: i gotta paste it here for future reference / comparison, arigato in advance.

passerby

2,877 posts

Posted by passerby > 2013-03-04 12:28 | Report Abuse

must be the doing of HwangDBS buy call

passerby

2,877 posts

Posted by passerby > 2013-03-12 16:29 | Report Abuse

this one also not so much liquidity but went up so much already, lol

ulalar

76 posts

Posted by ulalar > 2013-03-21 23:58 | Report Abuse

in such a short duration only

MAMEE

135 posts

Posted by MAMEE > 2013-03-29 17:46 | Report Abuse

Cresendo ate a lot of MAMEEEEEEEE......

beecheng

17 posts

Posted by beecheng > 2013-04-08 17:28 | Report Abuse

anybody can explain?

Posted by yiksan81 > 2013-05-02 11:43 | Report Abuse

y is cresendo keeps dropping ya? anyone?

Posted by Chin Jun Hean 俊年 > 2013-05-10 23:58 | Report Abuse

Sell at RM2.90, huhu~

watchful2

51 posts

Posted by watchful2 > 2013-06-25 16:17 | Report Abuse

roller coaster ride. will it lost back few months increase?

Jeff Lim

409 posts

Posted by Jeff Lim > 2013-06-27 00:09 | Report Abuse

Time to buy back for rebound play

watchful2

51 posts

Posted by watchful2 > 2013-08-16 21:24 | Report Abuse

This counter has drastic change in prices. Up down can be RM0.15 cents!!! When will it be hitting RM3.50???

davidkkw79

5,068 posts

Posted by davidkkw79 > 2013-08-27 16:53 | Report Abuse

RM3.5 ?? now it is only RM2.8, hurry up buying it... quick hurry up buying

davidkkw79

5,068 posts

Posted by davidkkw79 > 2013-08-28 15:50 | Report Abuse

wait for it down to rm 2 first...

Alex Chong

712 posts

Posted by Alex Chong > 2013-09-30 11:50 | Report Abuse

Time is the best answer David, today price at 3.30 already.

chia88

1,189 posts

Posted by chia88 > 2013-10-15 16:32 | Report Abuse

Moving to 3.80 very soon.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2013-10-26 17:14 | Report Abuse

Budget 2014 will hit hard to local property industry
by J&J author.

We think the approach is too hard even though we do not agree to sky
rocketing property’s prices. The root is whether it is speculative or other reasons that caused the price hike. We feel that it is because cost is increasing and developers have transferred the cost to consumer. Also as it is a highly related fact to quantitative easing strategy by most central banks all over the world.

If the second objective is to collect more taxes to balance the budget. We feel simply a 2-3% stamp duty share by both buyers and sellers may have achieved the goal plus mildly reduce speculative activities.

If property market react heavily to the approach and this may impact all chains related to property industry and we believe is quite widely spread.

PJTrader

112 posts

Posted by PJTrader > 2013-11-08 16:41 |

Post removed.Why?

Overweight

229 posts

Posted by Overweight > 2014-01-13 07:59 | Report Abuse

such good quarterly result but lower in stock performance, property segment should now steady and believed the stock is fairly undervalued.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2014-02-05 11:12 | Report Abuse

yes, agree with Time is the best answer Alex Chong, today price plunge to 2.79 already

gohinkoon

94 posts

Posted by gohinkoon > 2014-03-08 20:58 | Report Abuse

any good news on this stock

davidkkw79

5,068 posts

Posted by davidkkw79 > 2014-03-10 17:45 | Report Abuse

this stock even bored than plenitude

Alex Chong

712 posts

Posted by Alex Chong > 2014-05-05 10:41 | Report Abuse

David, patient is the key factor for this solid counter.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2014-05-16 11:59 | Report Abuse

down to hell now, this is the pay for patient

Alex Chong

712 posts

Posted by Alex Chong > 2014-05-19 13:46 | Report Abuse

If you have above 5% dividen, better than you put money in bank. Sold at highest point last year. Now i start collecting when low.

Posted by ronaldsoo373 > 2014-05-26 11:56 | Report Abuse

What happen to this counter, anyone know?

erkongseng

3,192 posts

Posted by erkongseng > 2014-05-26 16:13 | Report Abuse

6718 cresndo RM 2.68 进场。

davidkkw79

5,068 posts

Posted by davidkkw79 > 2014-05-26 16:27 | Report Abuse

ppl always thought fundamental wouldn't change, company bussiness could be turn to red by anytime...

Yunnan

404 posts

Posted by Yunnan > 2014-05-26 18:27 | Report Abuse

why today sudden drop?

erkongseng

3,192 posts

Posted by erkongseng > 2014-05-27 18:12 | Report Abuse

6718 cresndo 吉星 Rm 2.68 进场的原因---
1)技术面说,此股在29-01-14的股价为rm2.72 .之后在15-04-14回升到rm3.11 .现在是四个月的底线(26-04-14股价rm2.66),己是超賣了(RSI=24%),RM2.68是机会来了.
2)基本面看,其基本因素強稳,并无负面消息,因此可以进场.
3)合计全年,吉星净利报1亿2122万令吉,按年涨118%;营业额则增长10%至3亿1035万5000令吉,以及全年每股盈利为57.22仙。
4)现在价位Rm2.70 (pe=4.7),明显被低估了,合理的pe=6,价位=Rm3.43 .并有NTA=RM3.17
5)因投资资产价值重估而入账的3890万令吉,吉星2014财年盈利实为8230万令吉,吉星全年派出16仙股息,高于我们预测的14仙,相等于吸引人的5.4%周息率.
6)像这样的投资资产价值重估,我相信今后还是有的(因为公司有大片地库).
7)达证券行 建议“守住”该股,并根据2015年45.7仙的每股盈利,计算出3.20令吉的目标价。
8)肯纳格研究分析员在调整销售预测、预期更高產业赚幅、较低营运成本及额外利息开销之下,將该公司2014財政年核心盈利预测调高4%,至8360万令吉;但是,將2015財政年盈利预测下调5%,至9550万令吉。他维持该股「跑贏大市」投资评级,目標价为4令吉.
9)现在价位公司己开始買回股票,因此下跌有限.
10)吉星近期与Mavern、Meiban资源,以及Medini资本有限公司签署联营合约,魏松林说,联营公司会发展柔佛NusaCemerlang工业园发展产业项目。
11)公司计划把工业园内约16英亩土地用作发展高级商业和住宅产业,目前正进行申请。当地每平方尺工业地价为70多令吉,如果成功转换成商业或住宅土地,地价则可达100多令吉。“发展商业和住宅产业,也可提升我们的赚幅。
12)发展总值达20至30亿令吉的Bandar Cemerlang城镇计划,预计在明年第3或末季开始。“城镇的发展以有地产业为主,预计需10年完成发展。
13)魏松林也不认为依斯干达区的产业市场将饱和,因政府致力发展该区,预计在未来5至10年,当地人口可增至300万人,加上与新加坡临近,预计可支撑当地产业需求。
14)肯納格也不擔心柔佛州向海外買家徵收額外產業盈利稅措施,因為國內產業價格仍比新加坡低30%,加上新加坡工業地段供應吃緊,迫使更多新加坡中小企業將營運據點轉移至大馬。
15)吉星是一家纯柔佛州产业发展商,并在该州拥有2983英亩地库,其中超过一半(1663英亩)位于大马依斯干达特区范围内。
16) 根据账面价值,集团的地库平均价格为每平方尺3.50令吉,远远低于现有未被开发地库每平方尺8令吉到10令吉的估值。就产业项目而言,吉星可提供具竞争的价格优势,或从地库资本增值中依据目前的估值作出定价。
17)预计吉星剩余的发展总值(GDV)达74亿令吉,这也意味盈利可维持8至9年。发展总值74亿令吉仍然是保守估计数字,预测取自于每英亩发展总值250万令吉,远低于其他发展商的每英亩300万到600万令吉。
18)吉星的业务活动主要可归纳为:(一)产业业务、(二)建筑业务;以及(三)其他业务,如教育、产业投资与管理服务。
19)股息政策方面,吉星将派发30%的净利作为股息,过去3年的记录显示,派息率介于净利的32%到39%。
20)现金流方面,虽然吉星现金与现金等值已从2012财年的7580万6000令吉剧减到2013财年的2234万6000令吉,但资金流出主要用在收购以及偿还贷款。
21)肯南嘉研究预计,预期重估净资产可达5.08令吉。依据30%折价计算,分析员的目标价为3.56令吉。集团增长动力是发展高档住宅产业(独立式和半独立排屋),每单位定价在百万令吉以上。
22)投资风险方面,考量的因素包括利率上调、打房或负面政策、全球经济或产业领域放缓等。
23)30大股东已持有78.87%,市场流通量只有21.13%,大股东为KIM LOONG RESOURCES BERHAD(55%).
24)善用手中的资金,集中火力,让资本增值最大化,吉星机构 具备条件成为爆发股。把握目前提供的良机。实现写意,悠闲,看海的日子,哈哈,我进了,你还在等什么呢。
25)以上都是股价上升之催化剂,个人推算与整理,进出自负。公司网站--http://www.crescendo.com.my/

erkongseng

3,192 posts

Posted by erkongseng > 2014-05-27 18:14 | Report Abuse

6718 cresndo Gemstar Rm 2.68 admission reasons ---
1 ) Technically that this stock 's share price at 29-01-14 rm2.72. Rebounded after 15-04-14 to rm3.11. Now four months underscore ( 26-04-14 price rm2. 66 ) , already is oversold (RSI = 24%), RM2.68 is a chance.
2 ) fundamentals, its stable and strong fundamentals , there is no negative news , so you can play.
3 ) as a whole, Gemstar reported net profit of RM 100 million 21.22 million , up 118% yoy ; turnover grew by 10% to 300 million 10.355 million ringgit , as well as full-year earnings per share of 57.22 cents .
4 ) Now the price Rm2.70 (pe = 4.7), significantly undervalued , reasonable pe = 6, price = Rm3.43. , And there NTA = RM3.17
5 ) due to the revaluation of assets and the value of investments accounted for 38.9 million ringgit , Gemstar fiscal 2014 earnings of 82.3 million ringgit real , Gemstar sent the annual dividend 16 cents , higher than our forecast of 14 cents , equivalent to 5.4% in Week appealing interest rate.
6 ) revaluation of investment assets such as this , I believe the future is still there ( because the company has a large basement ) .
7 ) of securities recommended " hold " the stock , and earnings per share in 2015 based on 45.7 cents , to calculate the target price of 3.20 ringgit .
8 ) Kenanga Research analysts adjust the sales forecast , the industry is expected to earn a higher amplitude , under lower operating costs and additional interest expenses, the company fiscal year 2014 core earnings forecast by 4% to 83.6 million ringgit ; However, the 2015 fiscal year earnings forecast by 5 percent to 95.5 million ringgit. He maintained the stock " outperform " rating and a target price of 4 ringgit.
9 ) Now the company has begun to buy back the stock price , and therefore fall limited.
10 ) Gemstar recently with Mavern, Meiban resources, and Medini Capital Co., Ltd. signed the joint venture agreement , Wei Songlin said Johor NusaCemerlang Associates will develop industrial parks industrial development projects.
11 ) The company plans to industrial park about 16 acres of land for the development of advanced commercial and residential industry is currently undergoing the application . Local industrial land price per square foot is more than 70 ringgit , if successfully converted into commercial or residential land , land prices are up more than 100 ringgit. " The development of commercial and residential industry , but also enhance our profit increase.
12 ) the development totaled 20-3000000000 ringgit Bandar Cemerlang town plan , expected next year or the end of the third quarter began . " There are places in town development industries, is expected to take 10 years to complete development.
13 ) Wei Songlin do not think industry market Iskandar region will be saturated , because the government is committed to the development of the region , is expected in the next five to 10 years , the local population may be increased to 300 million , coupled with Singapore approaching, is expected to be support local industry needs.
14 ) Kenanga not worried Johor impose additional industry profits to overseas buyers tax measures , because the domestic industry, prices are still 30% lower than Singapore , coupled with tight supply of industrial lots Singapore , Singapore SMEs will force more operations base transfer to Malaysia .
15 ) Gemstar is a pure property developer in Johor , and the basement has 2,983 acres in the state , more than half ( 1,663 acres ) located within the Iskandar Malaysia area range.
16 ) According to the book value , the average price of our basement to 3.50 ringgit per square foot , far below the existing undeveloped basement -foot-8 ringgit to 10 ringgit per square valuations. On industrial projects, Gemstar provide competitive price advantage , from the basement to make pricing or capital appreciation based on the current valuation.
17 ) is expected to Gemstar remaining gross development value (GDV) of 7.4 billion ringgit, it also means that profits can be maintained for 8-9 years . The total value of 7.4 billion ringgit development is still conservative estimates , forecasts taken from each acre worth 2.5 million ringgit development , much lower than other developers from 3 million to 6 million ringgit per acre.
18 ) Gemstar 's main business activities can be summarized as follows: ( a ) industrial operations , ( b) the construction business ; and (iii ) other businesses, such as education, industry, investment and management services.
19 ) Dividend policy, Gemstar will distribute 30% of net profit as dividends , in the past three years, records show , the dividend payout ratio between 32 % and 39% of net profit .
20 ) Cash flow, although cash and cash equivalents from Gemstar fiscal 2012 75,806,000 ringgit drama reduced to 2013 fiscal year 22,346,000 ringgit , but capital outflow is mainly used in the acquisition and repayment of loans.

erkongseng

3,192 posts

Posted by erkongseng > 2014-05-27 18:15 | Report Abuse

21 ) Ken Nanjia study is expected , expected revaluation of net assets up to 5.08 ringgit. 30% discount is calculated based on a target price of 3.56 ringgit analysts . Group's growth momentum is to develop high-end residential sector ( Detached and semi-detached townhouses ) , each unit priced at more than one million ringgit .
22 ) investment risk, factors to consider , including interest rates , play room or a negative policy , the slowdown in global economic or industry and other fields .
23 ) 30 major shareholder already holds 78.87% , only 21.13 percent market liquidity , a major shareholder of KIM LOONG RESOURCES BERHAD (55%).
24 ) use of the hands of the funds , concentrated fire , so to maximize capital appreciation , Gemstar institutions have to become an outbreak shares. Grasp the opportunities currently offered. Achieve impressionistic , relaxing , watching the sea day , ha ha, I entered , what are you waiting for it .
25 ) These are the catalyst for the share price rises , individual projections and finishing out of the ego. Company website - http :/ / www.crescendo.com.my/

erkongseng

3,192 posts

Posted by erkongseng > 2014-05-29 17:27 | Report Abuse

公司買回股票,莫非看到幸福的未来,哈哈.

erkongseng

3,192 posts

Posted by erkongseng > 2014-05-30 19:23 | Report Abuse

特区1663亩土地,未来变黄金地,部分转变成发展商业与住宅区,将会是生金旦的母鸡,趁着低(rm2.70)静静收集,未来最少都有rm4.00以上的价值.

brendonyeap

1,648 posts

Posted by brendonyeap > 2014-05-31 23:52 | Report Abuse

erkongseng : u promoted this stock alot with good write ups, i really appreciate it. But i belief u hold alot of stocks in Cresendo. Thats why u promote it and need ppl to push up this stock, am i right?

rlch

4,126 posts

Posted by rlch > 2014-06-01 05:11 | Report Abuse

PE 4.72, DY 5.93%, good numbers, no bonus or stock split.
http://klse.i3investor.com/servlets/stk/fin/6718.jsp

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