CRESCENDO CORPORATION BHD

KLSE (MYR): CRESNDO (6718)

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Last Price

3.79

Today's Change

-0.07 (1.81%)

Day's Change

3.76 - 3.86

Trading Volume

96,400


2 people like this.

542 comment(s). Last comment by lionel messi 2 hours ago

Luen07

84 posts

Posted by Luen07 > 2 weeks ago | Report Abuse

没有股息,没有分红,难怪股价迟迟不会动!

ks55

3,648 posts

Posted by ks55 > 2 weeks ago | Report Abuse

Q1 result Crescendo made 103 sen per share. Q2 result will be rm 250 million (83 sen per share) to rm 347 million (or 113 sen per share) if land sales to Digital Halo can complete by July. Not to forget still got 48 acres of industrial land in NCIP listed for sale.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3459677

"Barring major geopolitical uncertainties and economic headwinds, the Board is positive and confident of the prospects of the Group's upcoming new property development and anticipates that the Group will be operating at optimum capacity in the coming years. Based on the committed property sales of RM486 million as at 25 June 2024, including land sales at NCIP of RM335 million out of which RM219 million has already been completed to date, the Board expects the Group to have an exceptional year in FY2025."

Posted by lionel messi > 2 weeks ago | Report Abuse

No more the same animal it was less than a year ago. Deserves a re rating and much higher valuation.

ChloeTai

1,367 posts

Posted by ChloeTai > 2 weeks ago | Report Abuse

If we minus the net profit from the data centre land sales, we still have 289.03 - 80.83 = 208.20 net profit. It should hit limit up tomorrow.

Posted by SorosMalaya > 2 weeks ago | Report Abuse

Sell on news ? ahaha

hsong

191 posts

Posted by hsong > 2 weeks ago | Report Abuse

Nta rm 4.6

hsong

191 posts

Posted by hsong > 2 weeks ago | Report Abuse

Sorry rm4.36

Posted by DaveInvest > 2 weeks ago | Report Abuse


There are still payments that is yet to go into account as well, so next quarter should be fantastic as well, since no point keeping so much cash, another big dividend is highly possible year end , as per norm.

Tomorrow/next week price should start going up, unless too much ppl take this chance to dump 🙄 then it might dip again like last land sale.
Anyway I’m for medium-long term for this counter, might not find a good chance to buy in again at my old price , so I’m keeping it for now .

Goldberg

2,839 posts

Posted by Goldberg > 2 weeks ago | Report Abuse

Land sales lift Crescendo’s net profit to record high of RM289 million in 1QFY2025

KUALA LUMPUR (June 27): Land sales in Pulai, Johor, totaling RM219 million to data centre operators have boosted Crescendo Corp Bhd’s net profit to a record high for the first quarter ended April 30, 2024 (1QFY2025).

The property developer’s quarterly net profit jumped by 22 times to RM289.03 million from RM13.2 million a year earlier. Earnings per share ballooned to 103.44 sen from 4.73 sen. Quarterly revenue rocketed to RM527.28 million from RM58.34 million driven by its property development and construction division.

This marks the highest ever earnings for the Johor-based property developer since its listing in 1997, driven by its land disposals for data-centre related activities.

“Based on the committed property sales of RM486 million as at June 25, 2024, including land sales at Nusa Cemerlang Industrial Park of RM335 million out of which RM219 million has already been completed to date, the board expects the group to have an exceptional year in FY2025,” said Crescendo.

https://theedgemalaysia.com/node/717105

Goldberg

2,839 posts

Posted by Goldberg > 2 weeks ago | Report Abuse

Crescendo's net profit soars to RM289mil in 1Q from data centre land sales

https://www.thestar.com.my/business/business-news/2024/06/27/crescendo039s-net-profit-soars-to-rm289mil-in-1q-from-data-centre-land-sales

Posted by lionel messi > 2 weeks ago | Report Abuse

Impending huge dividend and/or bonus issue is a matter of when not if. I know bonus issue is gimmicky but it has its merit for a small cap growth company like this.

Posted by DaveInvest > 2 weeks ago | Report Abuse

lol too much ppl dumping and it plummeted, it’s fine, let it drop , I hope can drop to a heavily discounted point then can find timing to buy in, as next quarter gonna be fantastic


I hope institutional fund manager don’t come in, or else the price will go up leaving no chance for cheap price. Because we all know how much they love dividend and it seems like big dividend is on the way

ks55

3,648 posts

Posted by ks55 > 2 weeks ago | Report Abuse

Looking at the past history, next dividend payment will declare on 27 Sept. Very likely it will announce 30 sen dividend (5 sen interim + 25 special dividend). We noted Crescendo is very generous to shareholders and never fail to reward when it is making good money just like Paramount.


https://klse1.i3investor.com/servlets/stk/annent/6718.jsp

Posted by DaveInvest > 2 weeks ago | Report Abuse

I wonder will the bankers come in anytime when the price bottoms , then buy , as I know the fund managers they like shares with good dividend, then they can promise their clients certain % of returns on the fund they manage, since this counter will be giving excellent dividend soon.

Posted by lionel messi > 2 weeks ago | Report Abuse

They want but not able to due to small cap and low liquidity. Which is why should do a more than justified bonus issue to increase their share capital. Win Win.

Posted by DaveInvest > 2 weeks ago | Report Abuse

@lionel Messi

If I remember correctly , I think some banker do hold quite a large portion of their share. Wouldn’t be surprised if they decided to expand it

Posted by lionel messi > 2 weeks ago | Report Abuse

@Davel

Not many on the top 30 shareholders list. Even if they want to increase, not easy as there are just not much supply. Can't buy a lot without moving the share price.

Posted by DaveInvest > 2 weeks ago | Report Abuse

@lionel

Ya true also, let’s see how this plays out, still sometime to go before year end , hope it drop somemore 😂

Invest_888

1,008 posts

Posted by Invest_888 > 2 weeks ago | Report Abuse

Abnormal dropping. Latest QR EPS=100cents or RM1. Next QR earning is expected to be great too as still got a lot of unbilled sales.

Posted by lionel messi > 2 weeks ago | Report Abuse

Really wonderful for serious buyers of the stock. With fundamentals like this, the cheaper the better.

Posted by edithcapital > 2 weeks ago | Report Abuse

Good news for Crescendians, it closed on support of the trendline
https://www.tradingview.com/x/t6jIyPt0/

Posted by lionel messi > 2 weeks ago | Report Abuse

Thanks for sharing. Great news. Time to accumulate. Low risk high dividend investment. Can sleep peacefully.

Invest_888

1,008 posts

Posted by Invest_888 > 2 weeks ago | Report Abuse

Johor property esp JB and its nearby area are booming, and also the best booming area in Malaysia. Also, CRESCENDO is willing to share profit with minority holder. I think can earn some more good money in this stock.

Posted by WhiteMagic > 2 weeks ago | Report Abuse

Should be trading at a higher price.

Posted by lionel messi > 2 weeks ago | Report Abuse

Great observation @Invest_888. Not many listed companies are willing to share their cash pile with minority shareholders.

raymondroy

718 posts

Posted by raymondroy > 1 week ago | Report Abuse

with all the cash earned from land sales and more to come, company shd issue bonus div... could this be possible and if yes.... EPS was 103c and 90% was from land sales, therefore bonus div shd be 90% x 103c = RM0.93 :-)

ks55

3,648 posts

Posted by ks55 > 1 week ago | Report Abuse

Chairman's statement :

"In light of this demand, our Group is gearing up to launch a serviced apartment project in the latter half of FY2025. This project will encompass approximately 1,200 units and boast a gross development value (“GDV”) of RM1 billion. Situated along Jalan Senyum, in close proximity to the RTS terminal at Bukit Chagar, this development aims to cater to the burgeoning market needs. "

Look for similarity and compare logical thinking with video clip below:

https://www.youtube.com/watch?v=klecLTkvc44

Luen07

84 posts

Posted by Luen07 > 1 week ago | Report Abuse

赚大钱的公司,股价跌跌跌,交易量少,没有人要进来。

Invest_888

1,008 posts

Posted by Invest_888 > 1 week ago | Report Abuse

Great moving up today.

Posted by lionel messi > 1 week ago | Report Abuse

Finally market is beginning to appreciate its fundamentals. Better late than never.

Invest_888

1,008 posts

Posted by Invest_888 > 1 week ago | Report Abuse

10% Share buy back?

ks55

3,648 posts

Posted by ks55 > 4 days ago | Report Abuse

Crescendo Q2 result ending 31 Jul is not less than 80 sen per share.

Posted by lionel messi > 4 days ago | Report Abuse

Don't trumpet so much brother. Keep this stock low profile and below the radar. Smart money wants to buy as cheap and as much as possible from weak, ignorant and impatient shareholders. Haha.

Posted by DaveInvest > 3 days ago | Report Abuse

Well it looks like some player is playing push and dump with the price recently, I hope after they push and dump enough, the price will go back low enuf so we can stock up some more, since it’s long way until the usual dividend month

Diamond7

2,283 posts

Posted by Diamond7 > 3 days ago | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
CRESCENDO CORPORATION BERHAD ("CCB" OR THE "COMPANY")PROPOSED DISPOSAL BY
PANORAMIC INDUSTRIAL DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CCB, OF
A VACANT INDUSTRIAL LAND LOCATED IN THE MUKIM OF PULAI, DISTRICT OF JOHOR
BAHRU, STATE OF JOHOR FOR A TOTAL CASH CONSIDERATION OF RM115,877,876.40
("PROPOSED DISPOSAL")

ks55

3,648 posts

Posted by ks55 > 3 days ago | Report Abuse

For FY 2024, Crescendo is going to make not less than 2 ringgit per share. Share price is now less than 4 ringgit and you can have 2 ringgit net profit. Where the earth you can find this type of earning? Again we are expecting another round of special dividend to declare when they announce result for Q2.

Posted by lionel messi > 2 days ago | Report Abuse

The beauty of small cap to the delight of small investors. All numbers look fantastic on a per share basis. Big funds cannot buy due to liquidity issue but retail investors can slowly and quietly cherry pick. There are not many times when retailers have advantages over institutions. Grab the opportunity.

ks55

3,648 posts

Posted by ks55 > 2 days ago | Report Abuse

Crescendo bought 3.2 acres of land at Jalan Senyum to build 1200 condo units valued at rm 1 billion. Land cost rm 72 million.

Kimlun is in JV with Singapore landowner to develop 1.6 acres of land at Bukit Senyum across the road valued at rm 600 million. Land cost rm 62 million.

Just the land cost itself, Crescendo will make rm 50 million more. What about GDV rm 1 billion vs rm 600 million? Crescendo condo units to have 6 months to a year lead time advantage.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3463796

ks55

3,648 posts

Posted by ks55 > 2 days ago | Report Abuse

All in all, Crescendo will have better profit margin.

Posted by DaveInvest > 1 day ago | Report Abuse

Extremely undervalued stock, however it’s quite obvious that some bigger player is manipulating the price last Friday, today not sure will they still be around or not to push and dump more, be mindful before making any buying decision this few days , just my 50 cent 😪

Posted by lionel messi > 1 day ago | Report Abuse

Manipulate all they want as long as fundamentals are intact and prospects are perfect. Smart money will collect. This is not a one off land sale story. At the forefront of a perfect storm about to happen in Johor. Let's ride it.

Posted by DaveInvest > 1 day ago | Report Abuse

@lionel

Ya agree with u, let’s ride it and maybe dump some appropriate amount , can always buy back later since it’s a long way to go until dividend month

Posted by lionel messi > 1 day ago | Report Abuse

@Davel

Be warned. For deep value small cap stocks with great prospects and upcoming big dividend, it's sell at your own risk. Haha.

Posted by DaveInvest > 1 day ago | Report Abuse

@lionel


It’s fine, just profit taking abit, I do believe sometime later it will go down, even if it doesn’t I don’t mind as well, either way it’s a win anyway.
small cap stock with low liquidity is somehow predictable, but not 100%

ks55

3,648 posts

Posted by ks55 > 22 hours ago | Report Abuse

Tomorrow testing 4 ringgit

Posted by DaveInvest > 6 hours ago | Report Abuse

Maybe the player made enough and left this counter already , 15 tickets only so far.

Well eventually it’s gonna go back to the bottom price of about 3.55-3.65 or close to that

Posted by lionel messi > 5 hours ago | Report Abuse

I hope so man. Fundamentally sound stock must buy as low as possible.

Posted by DaveInvest > 4 hours ago | Report Abuse

22 tickets for 3 hours + duration is a new low,
The goreng player has left the game probably.

Now both buy and sell queue looks more balanced comparing to yesterday.

Well give it sometime for ppl to cut loss and the price drop to normal again

Posted by lionel messi > 2 hours ago | Report Abuse

No problem @Davelnvest. Love to play the waiting game with the weak, ignorant and impatient. But don't wait forever hoping for a certain price level. Like I said earlier, this is a completely different animal already.

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