CRESCENDO CORPORATION BHD

KLSE (MYR): CRESNDO (6718)

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Last Price

3.39

Today's Change

-0.08 (2.31%)

Day's Change

3.35 - 3.57

Trading Volume

862,000


2 people like this.

392 comment(s). Last comment by Invest_888 2 hours ago

sell

2,429 posts

Posted by sell > 2015-08-17 19:10 | Report Abuse

Very expensive counter. RM 1.50 also not cheap.

Posted by sperryw77 > 2015-09-11 17:15 | Report Abuse

@sell, @expensive. If feel too expensive then don't buy. When the train start moving to late to chase. brought this share at RM2.70. Now every share is down hill. Must hold confidence their do the best. Remember property price won't drop, it slow when economic not good. Not one know how low it can go. Have faith. This is a good counter

Posted by sperryw77 > 2015-09-11 17:16 | Report Abuse

Still with this counter, since before it issue bonus. This is the 3rd round bonus

sell

2,429 posts

Posted by sell > 2015-09-28 04:09 | Report Abuse

Last QR sales show drop. Will it become worse because stock market slump past few months?

expensive

69 posts

Posted by expensive > 2015-10-07 02:17 | Report Abuse

As expected sales drop. Unexpected is sales drop to 2010 level. Has share price drop to 2010 level(RM 1.10)? No is the answer.

Timie

338 posts

Posted by Timie > 2015-10-10 16:50 | Report Abuse

I bought at 2.52. But no worry.. This is good counter...

kakashit

1,472 posts

Posted by kakashit > 2015-12-18 12:14 | Report Abuse

hmm, headache, dunno wn to avg down my cost

kakashit

1,472 posts

Posted by kakashit > 2015-12-30 17:59 | Report Abuse

jibet, forex gain not included in income statement.

Sorry, I hv upset everybody on this counter

sell

2,429 posts

Posted by sell > 2016-01-06 14:47 | Report Abuse

Even Kenanga give sell call. Buying property stocks is not like buying house. Property stocks has employees mouth to feed. When sales not good profit will drop as experienced by Cresndo.

sell

2,429 posts

Posted by sell > 2016-01-08 16:22 | Report Abuse

When can give 18sen dividend like what ks55 said? 2016, 2017 or even 2026?

ks55 Everybody knows property counters won't perform for next two years.
Crescendo is the most resilient property counter compare to the rest due to its strong cash flow and low land price.
Buy Crescendo now akin to buying housing land during bad time, land won't depreciate.

After three years landed properties/industrial properties go back to normal, then profit margin for Crescendo will be 30 to 40% of the turnover. You will see EPS again go back to 50 sen with dividend back to 18 sen.

High risk counters are those involved in high rise condo, and those just bought land at prevailing market price with bank borrowing.
How are they going to make money when their houses cannot sell?
How are they going to pay back bank borrowing without cash generated from sales?

30/12/2015 22:22

sell

2,429 posts

Posted by sell > 2016-01-08 16:32 | Report Abuse

EPS 0.74 sen my calculation 1 year when annualized only 2.96. So if payout 100% DPS only 2.96 sen totally not logic to become 18 sen. What if 30% payout? If 1 sen eg meaning DY 0.57%. What TP is fair when dividend so low? 30 sen more likely.
http://klse.i3investor.com/servlets/stk/fin/6718.jsp

sell

2,429 posts

Posted by sell > 2016-01-15 04:00 | Report Abuse

Why got fools buying at RM 1.75? Sluggish stock market will make property market even worse. Property is not food you need every day. Some people cannot even afford one house(their whole life) nowadays because price too high. Below RM 1 only consider buying Crescendo. Worse is Crescendo concentrate on industrial property which Malaysia has lost its competitiveness due to rising labour costs compared to countries like Vietnam, etc.

So better sell now before seeing even worse quarterly report in 2016.

Parkson

454 posts

Posted by Parkson > 2016-01-15 04:05 | Report Abuse

Kenanga(which cover Crescendo) share price only 50 sen compare to Public Bank RM 18. That show how good or bad their analyst is.

Parkson

454 posts

Posted by Parkson > 2016-02-15 12:33 | Report Abuse

Visited sales showroom recently but find no buyers.

calvintaneng

53,317 posts

Posted by calvintaneng > 2016-02-18 22:57 | Report Abuse

kS55,

I bought Crescendo at Rm1.20 last time but sold too early.

Xinquan

83 posts

Posted by Xinquan > 2016-03-29 17:45 | Report Abuse

Why QR still not out? Too bad?

xinquan

83 posts

Posted by xinquan > 2016-04-01 10:30 | Report Abuse

Agree with Calvin RM 1.20 only can buy. Only fools buy now.

paperplane2016

21,544 posts

Posted by paperplane2016 > 2016-04-03 00:39 | Report Abuse

Admin expenses so high, very unusual for small company like it.....fishy.

Posted by sperryw77 > 2016-04-14 11:38 | Report Abuse

paperplane2016, xinquan. Wonder why you here. Going fishing

Posted by sperryw77 > 2016-04-14 11:39 | Report Abuse

Going up trend now

kakashit

1,472 posts

Posted by kakashit > 2016-04-24 19:34 | Report Abuse

天啊,几时才能重见天日?

工业地,有地住宅一样死

Posted by savy_investor > 2016-05-16 11:13 | Report Abuse

Good stocks

Posted by Albert Shoon > 2016-05-17 22:24 | Report Abuse

Cresendo owns 3000 acres of land around Iskandar at approximately 5 ringgit per Sq ft. How can?

sell

2,429 posts

Posted by sell > 2016-06-12 13:48 | Report Abuse

QR getting worse and worse(YOY). Better sell now and buy at RM 1.

sell

2,429 posts

Posted by sell > 2016-06-30 14:44 | Report Abuse

TP by Kenanga keep reducing. Latest only RM 1.50 so safer buy RM 1-1.2?
http://klse.i3investor.com/servlets/ptg/6718.jsp

Parkson

454 posts

Posted by Parkson > 2016-07-04 16:30 | Report Abuse

Visited their sales showroom yesterday. Find more employees than customers with no sales clinched.

k55s

109 posts

Posted by k55s > 2016-09-01 10:53 | Report Abuse

Even KYY said property oversupply happen in every cities and towns in M'sia. Why still keep? More losses you will face if hang on to Cresndo.

k55s

109 posts

Posted by k55s > 2016-09-01 14:31 | Report Abuse

Property business profit announcement can be misleading - Koon Yew Yin
http://klse.i3investor.com/blogs/koonyewyinblog/103394.jsp

yk1188

132 posts

Posted by yk1188 > 2016-09-29 20:56 | Report Abuse

4. EFFECT OF THE REVALUATION SURPLUS ON THE NET ASSETS PER SHARE
The revaluation surplus, net of deferred tax, of approximately RM39.3 million, will increase the net assets per share of the Group by RM0.14 for the financial year ending 31 January, 2017.
5. DOCUMENTS FOR INSPECTION
The valuation reports are available for inspection at the registered office of CCB at Unit No. 203, 2nd Floor, Block C, Damansara Intan, No.1, Jalan SS20/27, 47400 Petaling Jaya, Selangor, during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

yk1188

132 posts

Posted by yk1188 > 2016-09-30 06:21 | Report Abuse

For the current quarter and the first half of financial year 2017, the decreases in revenue and operating profit were mainly due to slower market demand in concrete products.
For the first half of financial year 2017, the decrease in profit margin was mainly due to sales of lower margin industrial products and decline in construction margin.
Year ended
The PBT for current quarter increased from RM10.3 million in the preceding quarter to RM49.9 million mainly contributed by net gain from fair value adjustment of investment properties amounting to RM41.4 million recognised in the current quarter.

Posted by karfei00 > 2016-09-30 09:58 | Report Abuse

what is the meaning of 'net gain from fair value adjustment of investment properties'?

calvintaneng

53,317 posts

Posted by calvintaneng > 2016-09-30 10:04 | Report Abuse

karfei00,

It means that crescendo ask valuers to revalue the assets like lands or buoldings owned by Crescendo. As prices of real estate has gone up in Iskandar Crescendo assets also appreciated in value.

So the current value showed a price rise compared to last time. That is the revaluation surplus booked as profit. This is done just by doing nothing.

So this is how you do land banking.

Another one that will gain by a far better result will be Daiman.
If Daiman should revalue their assets?
It will turn into a blue chip instantly!

k55s

109 posts

Posted by k55s > 2016-09-30 22:13 | Report Abuse

Still not running today? Creative acttg here. If profit true why cannot give 5 sen dividend?

Xinquan

83 posts

Posted by Xinquan > 2016-10-09 12:21 | Report Abuse

2 sen dividend only worth 60 sen why pay RM 1.54? Stupid people here?

Posted by karfei00 > 2016-12-29 23:11 | Report Abuse

thank you Calvintaneng

calvintaneng

53,317 posts

Posted by calvintaneng > 2016-12-30 09:46 | Report Abuse

karfei00

You are welcome.
You are one of the rare smart ones to invest in unwanted Value share like Crescendo.

gcke

1,359 posts

Posted by gcke > 2017-02-09 12:41 | Report Abuse

What had been commented by ks55 is Correct.Suitable time to collect and invest in the stock.It is a well managed company and the financial performance for this property counter is good.
2.The chart signal the start of the bullish trend and the momentum for the uptick in price is strong.At the last closing on Wednesday the volume traded also spiked.Other property counters have spiked by between 65cents- 15 cents since last week.The counter just start to move with an increase of 7 cents at the closing.
3.Good chance for the investors to enjoy reasonable return of investment capital.
Good luck.

Annetan

842 posts

Posted by Annetan > 2017-02-09 13:24 | Report Abuse

Calvin,are there any apartment or condo for sale near or in new Forest city ? How much?

yfchong

5,744 posts

Posted by yfchong > 2017-02-09 13:27 | Report Abuse

Cressendo good kmloong

ks55_

569 posts

Posted by ks55_ > 2017-03-07 23:09 | Report Abuse

Coming QR loss RM 50 million. Sell RM 1 coming.

dompeilee

11,888 posts

Posted by dompeilee > 2017-03-17 11:06 | Report Abuse

Bought Crescendo @ 1.56

k55s

109 posts

Posted by k55s > 2017-03-30 21:22 | Report Abuse

3 sen dividend only. Better q 100K 90 sen safer.

ks55_

569 posts

Posted by ks55_ > 2017-04-14 22:49 | Report Abuse

RM 1?

CUTLOSS

250 posts

Posted by CUTLOSS > 2017-05-01 13:57 | Report Abuse

Buy at RM 1.69 and next year become RM 1 must jump KLCC?

ks55_

569 posts

Posted by ks55_ > 2017-06-04 16:05 | Report Abuse

Kenanga anal-list is idiot. No wonder Kenanga report lower profit in Q1 2017 despite good market. 3 sen dividend Cresendo only worth RM 1.
https://klse.i3investor.com/servlets/stk/fin/6718.jsp
https://klse.i3investor.com/servlets/stk/pt/6718.jsp

4444

1,795 posts

Posted by 4444 > 2017-06-29 19:31 | Report Abuse

Profit drop 32%. Limit down tomorrow.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=6718

kakashit

1,472 posts

Posted by kakashit > 2017-06-30 10:55 | Report Abuse

luckily still got international school fee to help out, maintain my bleeding position.

4444

1,795 posts

Posted by 4444 > 2017-07-02 11:54 | Report Abuse

kakashit are you idiot anal-list from Kenanga? Why can't you see revenue and profit keep dropping? Can staffs have salary cut even co. QR bad?

kakashit luckily still got international school fee to help out, maintain my bleeding position.
30/06/2017 10:55

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