Posted by DaveInvest > 3 weeks ago | Report Abuse

@newuser999

Look at the curve today again , after the “fake” land sale announcement 😂😂😂

Again it’s happening, same thing all over again when conditional ~> unconditional over same piece of land, just an update and it’s a reference to previous sale, NOT new sale and the market went up up 😬

Posted by DaveInvest > 3 weeks ago | Report Abuse

Price seems like gonna bottoming again, maybe good idea to stock up some 🤔

Posted by soon9913 > 2 weeks ago | Report Abuse

buy and keep , dont be surprise end of the year the price is RM7 double from current price!

Posted by ks55 > 2 weeks ago | Report Abuse

Posted by ks55 > Apr 4, 2024 6:20 PM | Report Abuse X

Crescendo disposed another 25.3 acres of NCIP to Microsoft for rm 132.5 million or 5.22 million per acre. Looking at the previous transaction, deal will complete by July (less than 4 months).

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3436351


Just within 40 days, everything need to do already done, and we can expect to received payment by end of May. This is called efficiency and professionalism. Give salute to Crescendo management team.

The Board of Directors of CCB wishes to announce that the Conditions Precedent set out in the SPA have been duly fulfilled. Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 13 May 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3447167

=======================

Now on 28 May, the amount rm 132.5 million fully paid by Microsoft. Deal is now completed. Salute to Crescendo Board of Directors and the Management team. We pray shareholders will be duly rewarded in monetary terms.



Reference is made to our announcements dated 4 April 2024 and 14 May 2024 on the subject matter (“the Announcements”). The abbreviation used in this announcement shall have the same meaning as defined in the Announcements.

The Board of Directors of CCB wishes to announce that the Completion Date as defined in the SPA, being the date on which the Balance Purchase Price is fully paid by the Buyer to the Buyer’s Solicitors as stakeholder, is 28 May 2024.

This announcement is dated 28 May 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3451008

Posted by PureBULL ... > 2 weeks ago | Report Abuse

sWanN BlaC 👀, [2024-06-02 3:06 AM]
Nvidia = YTL power
Google = Elmina Simeprop Gamuda
US MnC = SunCon
Microsoft = Crescendo
AWS = Vstec
Brid Data = Southville Mahsing
YonDr = ❓
+++++++++++++++++++++++++
Huge orders forecast to drive building industry | The Star
https://www.thestar.com.my/business/business-news/2024/04/04/huge-orders-forecast-to-drive-building-industry

cost of US$7mil-US$9mil per megawatt to construct a data centre, which could translate into construction works of RM26bil to RM33bil 

PureBULL >>>, [2024-06-02 3:28 AM]
Position well for the BIG wave,

just like BIG glove bull run of TG on
April 2020 = 1st round n
July 2020 = 2nd hyper round:

https://www.tradingview.com/x/LQBtci0e/

Posted by newuser999 > 1 week ago | Report Abuse

Trendline breakout. Stands above fibo 0.236. Nice move. Could be better with higher volume.

Posted by DaveInvest > 1 week ago | Report Abuse

@newuser999

Yea , past few days from trading volume and amount looks like someone is pushing it up slowly, and maybe that started the engine , today it looks like the trend might continue with higher volume, but it seems like start to losing momentum a little 😧

Posted by Goldberg > 1 week ago | Report Abuse

Based on profits from 3 land sales , Crescendo's Q1 FY25 will make at least rm 335 million PAT or rm 1.15 per share - for the First Quarter FY25. ( announcement due in late June)

I feel the above developments will be a powerful catalyst for Crescendo to surge past RM4.50

Just 2 weeks to go before the Q1 FY25 announcement.

Posted by ks55 > 1 week ago | Report Abuse

Crescendo is on upward swing pending Q1 result. Will it give special dividend again? No point keeping too much cash with latest payment received from Microsoft.

All 4 land transactions already completed. Just hope next land sale is coming soon.

Posted by ks55 > 1 week ago | Report Abuse

First TOD by Crescendo going to take place in second half of this year. Land acquisition completed on 4 Apr 2024 for 72 million. This piece of land is along Jalan Senyum within walking distance from RTS Terminal. Read more from Analyst Briefing below.

https://crescendo.com.my/core-files/uploads/2024/05/CCB_Analyst-Briefing-2024-Q4_Final.pdf

The Group plans to launch 1,200 units of serviced apartments with a total GDV of approximately RM1 billion in second half of FY2025. This serviced apartment project will consist of two towers of 48 storeys of various sizes.

Posted by NickelLee > 1 week ago | Report Abuse

IWCity (1589.KL) Biggest Laggard In Johor Property Boom

Over the weekend, The Edge Weekly featured a 200-pager Special Edition titled “JOHOR READY FOR THE BIG LEAP”. Johor since the middle of last year had been the hotbed of investment be it property counters and the involvement in Data Centre Theme. Share prices with exposure to Johor were sure hits for these 18 months. The main catalyst is none other than the sheer amount of FDIs pouring into the state. In addition to the big policy moves to formulate and execute business-friendly decisions in spearheading the state’s economic growth.


Quoting Datuk Ho Kay Tat (Publisher & Group CEO of The Edge)

Publisher’s Note [THE STARS MAY FINALLY BE ALIGNED FOR JOHOR]

“In 2006, Malaysia launched the Iskandar development project to try and push things forward for Johor, but progress has not been as good as hoped and one reason is because of the cool response from Singapore.

But this appears to have changed recently, and there is now bullish optimism in the air because of closer government-to-government cooperation that has enabled things to move. The collaborative construction of the Rapid Transit System Link (RTS Link) from Woodlands in Singapore to Bukit Chagar in the heart of Johor Bahru and the creation of the Johor-Singapore Special Economic Zone will be game changers.

Another factor is that Johor’s Sultan Ibrahim is now the King of Malaysia and His Majesty will definitely give an added push to make things happen sooner, rather than later

For Johor, the stars may finally be aligned”



In a RHB Report dated 13 May 2024 Titled [Real Estate - JS-SEZ: The New Chapter of Iskandar Malaysia] mentioned a list of major landowners in Iskandar Malaysia. Further extrapolating from the list, the table below shows the share price performances of these landowners.


Company Name / YTD-Performance

UEM Sunrise +35.7%
Sunway +65.1%
IOI Properties +37.5%
Mah Sing +125.6%
LBS Bina +16.7%
Ecoworld +47.2%
AME Elite +2.4%
KSL +57.3%
Scientex +13.3%
😲IWCity -0.6% 😲
Crescendo +53.1%
YTL Corp +90.1%
MPHB +53.8%

To many investors' surprise, IWCity is the only company that printed a negative return on share price with a meagre -0.6% contraction. The average YTD return for companies with land banks in Iskandar Malaysia Region was +49.8% and even more on a 1-Year measurement.

Surging property prices in Johor as seen from recent transactions with KSL, Paragon Globe, Crescendo and AME Elite are some of the anecdotal evidence that land prices are indeed moving up. Hence, one needs to take a closer look at IWCity as it lags behind its peers by a far margin. Hence, an opportunity for the late comers to catch up with very low downside risks.

https://klse.i3investor.com/web/blog/detail/IWCITY/2024-06-09-story-h-159762931-IWCity_1589_KL_Biggest_Laggard_In_Johor_Property_Boom

Posted by DaveInvest > 6 days ago | Report Abuse

Price seems to dropped by some, but holding in range, I think it might trade in 3.75-3.85 for time being in near future. Not sure why is the hike, maybe either there’s big player doing it, or due to confidence in upcoming housing project + Quarterly report.
Keep watch

Posted by DaveInvest > 5 days ago | Report Abuse

Oh wow 🤩


On behalf of the Board of Directors of CCB, UOB Kay Hian Securities (M) Sdn Bhd is pleased to announce that Panoramic Industrial Development Sdn Bhd, a wholly-owned subsidiary of CCB, had on 11 June 2024, entered into a conditional sale and purchase agreement with Digital Halo Pte Ltd (“Digital Halo” or the “Purchaser”, which the expression includes the nominee as may be appointed by Digital Halo), for the disposal of a vacant industrial land measuring approximately 20.463 acres or 891,368.28 square feet, held under land title no. H.S.(D) 629092 PTD 227197 in the Mukim of Pulai, District of Johor Bahru, State of Johor for a total cash consideration of RM115,877,876.40.

Posted by ks55 > 5 days ago | Report Abuse

Crescendo selling another 20 acres for rm 115.8 million, or rm 130 per sq ft to a Singapore DC operator.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3455222

Posted by newuser999 > 5 days ago | Report Abuse

More lands selling are coming. Patience is the key and you shall deserve the bigger fruits.

Posted by Goldberg > 5 days ago | Report Abuse

CRESENDO disposes of Johor land for RM116mil

CORPORATE NEWS

Tuesday, 11 Jun 2024

PETALING JAYA: Crescendo Corp Bhd (CCB) is disposing of a 20.463 acre plot of vacant industrial land in Johor Baru, Johor to Digital Halo Pte Ltd for RM115.88mil.

In a filing with Bursa Malaysia, CCB said the proceeds from the land disposal will be for working capital purposes and to fund ongoing projects.

CCB said the vacant land is currently not being used and is not generating any cash flow for the group.

“Moving forward, the group intends to focus its resources on six ongoing development projects and should opportunities arise, take advantage of land banking opportunities and joint ventures in other strategic locations.

“The group will have the flexibility and liquidity to pursue investment opportunities or projects requiring large capital expenditure, whilst strengthening the group’s working capital position.”

https://www.thestar.com.my/business/business-news/2024/06/11/crescendo-disposes-of-johor-land-for-rm116mil

Posted by ks55 > 5 days ago | Report Abuse

Every developer that sell land to Data Centre operator makes windfall profit except one. Why YTLP never announce how much it received from Nvidia for the land? What is the size of the land sold? Or is it Nvidia just selling equipment and services in so called collaboration without any capital outlay? Frankly speaking, I don't know.

Posted by newuser999 > 5 days ago | Report Abuse

@ks55

The relationship between YTL Power and NVIDIA primarily focuses on technological collaboration rather than a land transaction. YTL Power and NVIDIA are working together to establish an advanced supercomputing platform using NVIDIA's DGX cloud computing technology based on the Grace and Blackwell architectures. Therefore, this relationship involves the purchase and use of NVIDIA's Blackwell technology for building the computing platform, NOT the sale of land.

Posted by newuser999 > 5 days ago | Report Abuse

YTL Creates One of the World’s Most Advanced Supercomputers, Powered by NVIDIA Grace Blackwell-based DGX Cloud
https://www.ytlpowerinternational.com/press-releases/ytl-creates-one-of-the-worlds-most-advanced-supercomputers-powered-by-nvidia-grace-blackwell-based-dgx-cloud/

Posted by Goldberg > 5 days ago | Report Abuse

Crescendo seals sixth land sale in seven months, to data centre firm

KUALA LUMPUR (June 11): Crescendo Corp Bhd (KL:CRESNDO) announced another land sale to a data centre company. This time around, the property developer is selling a parcel of land in Pulai for RM115.88 million, cash.

Crescendo’s wholly owned unit Panoramic Industrial Development Sdn Bhd (PID) has inked a conditional sale and purchase agreement with Singapore-based data centre firm Digital Halo Pte Ltd for the land transaction. The tract measures about 20.463 acres, according to a stock exchange filing.

The latest transaction marks the sixth land sale in seven months.

In total, Crescendo has sold over 150 acres of land for data centre-related development, bringing in sales proceeds of more than RM790 million, cash.


https://theedgemalaysia.com/node/715056

Posted by DaveInvest > 5 days ago | Report Abuse

Price went down to 3.74 now even with new land sale, my guess is.
Those shareholder with weaker holding power, which bought it at high price previously, sees an “exit” and faster sell off, which caused the sharp dip.
Maybe wait until they finish selling, then someone will absorb those low prices, and then start jack it up again to its appropriate post land sale price which from past sales it’s about +20-50cent from pre-sale price .

Watching afternoon market, it slowed down now, with buyer stronger than seller. Good sign.

Posted by ks55 > 5 days ago | Report Abuse

Just need to wait for Q1 result by end of this month. With the sky high profit, every amateur will start to rush in. Most likely another special dividend is coming. No point keep too much cash in excess of normal business requirement.

Posted by DaveInvest > 5 days ago | Report Abuse

@ks55

Yea, good dividend track record, housing project coming soon also, if market responded well which many think it will due to its location and its long standing construction quality, even before sales revenue report out the share might respond to it.

Posted by serbatipu > 3 days ago | Report Abuse

Last quarter already announced divid. Very unlikely this qr got dividends again

Posted by lionel messi > 4 hours ago | Report Abuse

Ya, they only pay once a year. Hope they will increase the frequency.

Posted by Luen07 > 1 hour ago | Report Abuse

Dividend +Bonus. 1 :1