Posted by Goldberg > 2024-06-28 00:59 | 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 ks55 > 2024-06-28 09:26 | 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 Invest_888 > 2024-06-28 15:03 | 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 edithcapital > 2024-06-28 19:29 | Report Abuse

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

Posted by Invest_888 > 2024-07-01 10:22 | 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 > 2024-07-01 12:56 | Report Abuse

Should be trading at a higher price.

Posted by raymondroy > 2024-07-02 18:59 | 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 :-)

Posted by ks55 > 2024-07-02 22:59 | 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

Posted by Luen07 > 2024-07-05 08:13 | Report Abuse

赚大钱的公司，股价跌跌跌，交易量少，没有人要进来。

Posted by Invest_888 > 2024-07-05 12:01 | Report Abuse

Great moving up today.

Posted by Invest_888 > 2024-07-05 12:07 | Report Abuse

10% Share buy back?

Posted by calvintaneng > 2024-07-10 23:49 | Report Abuse

Gooi Seong Gum
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-07-10-story-h-157077952-RSAWIT_5113_Evidences_of_a_Powerful_Turnaround_Palm_Oil_Stock_you_shoul

Posted by ks55 > 2024-07-12 12:21 | Report Abuse

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

Posted by Diamond7 > 2024-07-12 17:13 | 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")

Posted by ks55 > 2024-07-12 23:15 | 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 ks55 > 2024-07-14 15:18 | 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

Posted by ks55 > 2024-07-14 15:21 | Report Abuse

All in all, Crescendo will have better profit margin.

Posted by ks55 > 2024-07-15 18:05 | Report Abuse

Tomorrow testing 4 ringgit

Posted by Diamond7 > 2024-07-22 19:16 | Report Abuse

Share split!
One becomes three!!!
Hooray!

Later special dividend coming!

Posted by ks55 > 2024-07-22 19:20 | Report Abuse

Same effect as 2 for 1 bonus. You will see share price to be above 4 ringgit at the first instance when market open for trading tomorrow!

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=149136&name=EA_GA_ATTACHMENTS

Posted by ks55 > 2024-07-22 19:26 | Report Abuse

I have great respect to Crescendo BOD and Senior Management for their integrity. With such major event and there is no leakage of information, no inside trading to prove one thing, Crescendo management is really a class above others.

Posted by Goldberg > 2024-07-22 19:29 | Report Abuse

Many thanks @ke55 for conveying the fantastic news ie the generous corporate proposal. Cheers!

Posted by Goldberg > 2024-07-22 20:43 | Report Abuse

Crescendo proposes three-to-one share split

theedgemalaysia.com

22 Jul 2024, 08:35 pm


KUALA LUMPUR (July 22): Crescendo Corp Bhd (KL:CRESNDO) has proposed the subdivision of every one of its shares into three shares to improve the trading liquidity of the property developer's shares.

As of July 3, the issued share capital of Crescendo was 280.46 million including 1.04 million treasury shares, the company bourse filing showed. Upon completion of the share split, the total number of issued shares will be enlarged to 841.39 million, the company said in a bourse filing on Monday.

Based on the last transacted market price of Crescendo share on July 3 of RM3.63, the theoretical adjusted reference share price per subdivided share upon the completion of share split will be RM1.21, the company said.

Crescendo has also proposed the establishment of an executive share option scheme of up to 10% of its share at any point in time within the five-year of its enforcement period.
The two proposals are expected to be completed by the second half of 2024, with UOB Kay Hian appointed as principal adviser.

Shares in Crescendo have gained by as much as RM1.33 or 55.63% since March 15, on the back of land disposals by the company in Pulai, Johor to data centre operators. The stock charted a historical high of RM3.95 on June 12. Year to date, the counter has gained RM1.28 or 52.24%.
At Monday’s close, the counter ended nine sen or 2.36% lower at RM3.73, valuing the company at RM1.04 billion.

Crescendo’s net profit for its first quarter ended April 30, 2024 rose by 22 times year-on-year to a record RM389.03 million, boosted by said land sales in Johor, totalling RM219 million. Revenue rocketed to RM527.28 million from RM58.34 million, driven by its property development and construction division.

Posted by ks55 > 2024-07-23 08:58 | Report Abuse

Bonus issue won't cause share price to surge? News to me.
Share split is just like bonus issue of shares, in this case 2 for 1 bonus!
Please note there is no more 'par value', but total number of shares issued. Per share basis, it can be 100 ringgit, 1 ringgit, 75 sen, 50 sen, 10 sen, 1.5 sen, 1 sen or even less. Par value is no more relevant.

As for ESOS, issue price is not more than 10% discount to 5 days weighted average price prior to issue. This is fair to shareholders, at the same time, still very favorable for employee to exercise their entitlement. Please take note, 5 days weighted average price could be more than 20% instant gain as employees can choose to exercise their rights when there is sudden surge in share price.

Share split and ESOS need approval from shareholders in EGM. Read carefully when can that be done.

Posted by ks55 > 2024-07-23 10:12 | Report Abuse

FY 2004 net profit per share more than 2 ringgit, special dividend highly probable. That is what Crescendo share price premised in. Good NTA, good dividend, good prospect. Here you go, Crescendo!

Posted by Invest_888 > 2024-07-23 10:52 | Report Abuse

Crescendo Corp Bhd (KL:CRESNDO) has proposed the subdivision of every one of its shares into three shares to improve the trading liquidity of the property developer's shares.

https://theedgemalaysia.com/node/719901

Posted by troy88 > 2024-07-23 11:01 | Report Abuse

Congrats! Damn strong

Posted by KiasiPu > 2024-07-23 11:35 | Report Abuse

See you rm5 soon

Posted by Diamond7 > 2024-07-23 15:14 | Report Abuse

Hot....very hot!
RM4.05

My guess...
Coming next is...

Special dividend!!!

Posted by Invest_888 > 2024-07-23 16:13 | Report Abuse

Should be at least RM5.50 this year. After the subdivision of every one of its shares into three shares. RM5.50/3 =RM1.83 per share. Due to more active trade later and JB property location, RM2.00 is also achievable this year.

Posted by ks55 > 2024-07-23 16:18 | Report Abuse

My TP is 6 ringgit, work out to be 2 ringgit per share after split. On top of that, I am looking for another 30 sen dividend.

Posted by investor77 > 2024-07-23 17:14 | Report Abuse

Very superb results did not move the price. Only Bonus, Split moved prices up. !! Anyway hope it will move up to RM 5.50 due to enormous profit received from land sales and property development near RTS, and potential big Dividends coming.!!

Posted by klee > 2024-07-23 17:20 | Report Abuse

cornered stock,boss wants 6 then 6...he wants 8 then 8...its gonna rocket,after split goreng some more

Posted by ks55 > 2024-07-23 17:22 | Report Abuse

Jalan Senyum 1 billion ringgit project consists of 1200 condo units. Land cost 72 million with 3.2 acres of free hold land.
Across the road, Kimlun JV with Singapore landowner develops 600 million condo units , on a piece of 1.6 acres land at Bukit Senyum. Land cost 62 million.

Just based on land cost itself, Crescendo stands to make 48 million (62mx2- 72m=48m).
What about GDV? 400 million more GDV!

Posted by lionel messi > 2024-07-24 09:04 | Report Abuse

No turning back. Sell at your own risk. May not be able to buy back. Small cap no supply of shares.

Posted by klee > 2024-07-24 10:07 | Report Abuse

4.5 close today

Posted by klee > 2024-07-24 10:10 | Report Abuse

cornered stock as said...

Posted by klee > 2024-07-24 11:06 | Report Abuse

Ya watch out for bargain lol,any dip is buying opportunity till rm5

Posted by klee > 2024-07-24 11:08 | Report Abuse

nta ady rm4.36,cincai sell another 2 pieces of johor land it can pech rm5 any time

Posted by klee > 2024-07-24 11:09 | Report Abuse

the boss will release progressively good news to support prices prior to x split

Posted by klee > 2024-07-24 11:15 | Report Abuse

this type,we dont need worry daily fluctuations....it is not structured warrants

Posted by klee > 2024-07-24 11:31 | Report Abuse

It will be in the boss's best interest to push to the sky before split.After split,what happened to vitrox bonus issue ( after bonus shares listed )may happen here too.

Posted by lionel messi > 2024-07-25 09:48 | Report Abuse

This is not a manipulated or goreng stock. Don't always have such thoughts. This is a conservative, prudent, well managed, sustainable, strong corporate governance company that let its numbers do the talking.

Posted by newuser999 > 2024-07-25 14:59 | Report Abuse

Well, if the share price is pushed to sky high (more than RM 6), I will sell instead before waiting it drops back to its fair value. TA will greatly help on this.

Posted by ks55 > 2024-07-25 19:10 | Report Abuse

Crescendo management has been proven time after time for its highly efficient professionalism.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3467243

Posted by klee > 2024-07-26 09:31 | Report Abuse

lets break 4.3

Posted by troy88 > 2024-07-26 09:34 | Report Abuse

Still strong despite market turbulence

Posted by klee > 2024-07-29 09:36 | Report Abuse

break up ady

Posted by klee > 2024-07-29 09:37 | Report Abuse

HOOT9E

Posted by lionel messi > 2024-07-29 09:52 | Report Abuse

You better believe it. As it rises, not many supply of sellers already.