Posted by Goldberg > 1 month 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

Posted by Goldberg > 1 month 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 > 1 month 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 > 1 month 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

Posted by ks55 > 1 month 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 > 1 month 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 > 1 month 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 > 1 month 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 > 1 month 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 > 1 month 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 😂

Posted by Invest_888 > 1 month 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 > 1 month ago | Report Abuse

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

Posted by edithcapital > 1 month ago | Report Abuse

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

Posted by lionel messi > 1 month ago | Report Abuse

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

Posted by Invest_888 > 1 month 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 > 1 month ago | Report Abuse

Should be trading at a higher price.

Posted by lionel messi > 1 month ago | Report Abuse

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

Posted by raymondroy > 1 month 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 :-)

Posted by ks55 > 1 month 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

Posted by Luen07 > 1 month ago | 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 > 1 month ago | Report Abuse

Great moving up today.

Posted by lionel messi > 1 month ago | Report Abuse

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

Posted by Invest_888 > 1 month ago | Report Abuse

10% Share buy back?

Posted by calvintaneng > 1 month ago | 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 > 1 month ago | Report Abuse

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

Posted by lionel messi > 1 month 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 > 1 month 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

Posted by Diamond7 > 1 month 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")

Posted by ks55 > 1 month 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 > 1 month 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.

Posted by ks55 > 1 month 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

Posted by ks55 > 1 month ago | Report Abuse

All in all, Crescendo will have better profit margin.

Posted by DaveInvest > 1 month 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 month 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 month 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 month 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 month 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%

Posted by ks55 > 1 month ago | Report Abuse

Tomorrow testing 4 ringgit

Posted by DaveInvest > 1 month 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 > 1 month ago | Report Abuse

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

Posted by DaveInvest > 1 month 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 > 1 month 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.

Posted by DaveInvest > 1 month ago | Report Abuse

@lionel

Well it isn’t very nice to use such harsh words to label them, for some of them, there could be various reason to buy at such price, everyone’s situation is different.

Anyway I will be moving to other counter first, some REIT market looks good especially SG’s

Posted by Diamond7 > 1 month ago | Report Abuse

Share split!
One becomes three!!!
Hooray!

Later special dividend coming!

Posted by ks55 > 1 month ago | 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 > 1 month ago | 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 > 1 month ago | Report Abuse

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

Posted by Goldberg > 1 month ago | 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 DaveInvest > 1 month ago | Report Abuse

Well it’s a good news, but as usual please be level-headed about this.

1) there is no definite date for the ESOS/share split , only mentioned probably before end of the year , for all we know both the date might not be of same time, watch out to jump into market when manipulators are trying to take profit with this news and u get stuck, I might be wrong but I don’t think it will happen soon, it might probably happen at maybe September- December that makes more sense

2) share split altho have no actual value, but it does encourage smaller investor to buy and might also encourage the share price go up due to market sentiment, however ESOS quite often (not everytime but often enough) will make the market drop as employee of the company can buy at discounted share price, like what happens to YTL and other stocks previously, it depends on the terms of the ESOS.

3) after share price it might increase the liquidity of the stock, so manipulator might have harder time to control the price, so currently before the split it’s their chance to play with market price, so watch out

So my conclusion is, they announced both share price stimulating(split) and also it’s kryptonite(ESOS) at the same time,
So it’s kinda offset each other? but it depends on the performance next couples of month to see the actual effect, but with better liquidity it should be more stable and harder to manipulate next time. That being said, never underestimate the market, can never 100% predict it, so always 敬畏 market

So please keep head cool before making any decision. Cheers

Posted by ks55 > 1 month ago | 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.