@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
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.
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?
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
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.
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.
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.
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!
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sell
2,429 posts
Posted by sell > 2015-08-17 19:10 | Report Abuse
Very expensive counter. RM 1.50 also not cheap.