Despite of having strong BS with Net Cash position, positive profit and CF, wonder why the company didn't pay any dividend since 2016?
As for Crescendo, they have a record PAT of RM289m in 1QFY25 which is mainly contributed by the non-recurring land sales to the data centre in NCIP. Doubt it is sustainable. Normalizing this, the adjusted PE will be high but P/NTA 0.9x is still low coupled with huge land bank 2,529acres in Johor.
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Despite of having strong BS with Net Cash position, positive profit and CF, wonder why the company didn't pay any dividend since 2016?
As for Crescendo, they have a record PAT of RM289m in 1QFY25 which is mainly contributed by the non-recurring land sales to the data centre in NCIP. Doubt it is sustainable. Normalizing this, the adjusted PE will be high but P/NTA 0.9x is still low coupled with huge land bank 2,529acres in Johor.