Posted by moven00 > 2 months ago | Report Abuse

Calculate all you want… NTA la, book value la… etc.
Crescendo for me is too expensive. Show me the money? With DY below 1% it also indicate this counter have run up a lot and not worth to look more at this level.
Besides, shareholders will have to pray the management give you special dividend. You’re at their mercy.
It was laggard for so long around 1.14+. Entering now is a suicide… you’ll ended up holding it for another 5-10years. Don’t be blinded by the hype of Datacentre and HSR. That will itself takes time… not immediate.

Posted by ks55 > 2 months ago | Report Abuse

RM 315 million already paid by Microsoft within 3 months after signing S&P. This is called efficiency and professionalism. Can expect share price to shoot up tomorrow.........

"On behalf of the Board, UOBKH wishes to announce that the Balance Disposal Consideration has been fully paid by the Purchaser to the Purchaser’s solicitors on 21 February 2024. Pursuant thereto, the Completion Date as defined under the SPA has taken place on 21 February 2024."

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3422893

Posted by Michael Kwok > 2 months ago | Report Abuse

Sell call crescendo 2.68
Nta 3.43
24/2/24 9.48am

Posted by Goldberg > 2 months ago | Report Abuse

CRESENDO in a sweet spot to capitalise on DC Mania In Johor due to its massive land bank.

Johor is a rising star in the data center landscape, and CRESCENDO is well-positioned to capitalise on this growth. Coupled with the company's undervalued landholdings, partial recurring incomes, and decent dividend history.

These factors make CRESCENDO an attractive stock for investors seeking exposure to growing data center industry in Johor and RTS Link, the potential game-changer for property market in Johor Bahru.

Net assets per share of Rm 9.0 upon revaluation.

As majority of the lands have not been revalued for years, and if we assume a net gain of RM600m from the remaining 202 acres of industrial land in Nusa Cemerlang Industrial Park and a RM1b revaluation surplus for its remaining landbank and properties, this will bump up its net asset per share to RM9, versus its current share price of RM2.68 per share.

Posted by sell > 1 month ago | Report Abuse

Take profit is a must when some1 chased high. Otherwise profit will turn to loss.

Posted by ks55 > 1 month ago | Report Abuse

Crescendo going to announce Q4 result by end of this month. Predict it will make a total 20 sen from normal business operation after tax. Since there was no interim dividend paid, couple with extra ordinary gain from land disposal, there is no need to retain more cash then necessary. Expecting it to declare not less than 20 sen per share by end of the month.

Posted by ks55 > 1 month ago | Report Abuse

Proceed from land sale to Microsoft already received in Feb. Proceed from the other 2 land sales expected o come in by 3rd quarter. Profit from land sales will cushion capital expenditure, and further 100 acres industrial land in NCIP disposal may be materialized within this year. So another 500 million from land sales is awaiting. No point keeping so much cash unless go for further landbanking exercise.

Posted by ks55 > 1 month ago | Report Abuse

Another rm 117 million is coming by next month the latest.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3430853

Posted by Dehcomic01 > 1 month ago | Report Abuse

Crescendo’s performance over the past 12 years has been impacted by the soft property
market. Despite this environment, the Group managed to be profitable every year. But the property sector is cyclical and with the post-Covid-19 opening of the economy, the bottom of the cycle has been reached.

Crescendo's outlook is optimistic. Positioned near vital projects like Iskandar Malaysia and Pengerang Integrated Petroleum Complex, it is poised for growth in demand for
both residential and industrial units.

Crescendo is currently trading below its Asset Value with more than a 30% margin of safety. As a property company, the Asset Value is a good reflection of its intrinsic value. Have a look at my updated valuation at page 20 in INVEST https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol199-Invest-15Mar.pdf

Posted by Goldberg > 1 month ago | Report Abuse

VALUATION

2 key approaches to assess the intrinsic value of Crescendo:

• Asset Value: I used the Book Value here of RM3.32 per share

• Earnings Value of RM4.64 per share:

EPV based on average earnings over the past 12 years plus the value of the non-operating assets. My non-operating assets include excess land held for development as well as an estimate of the land re- valuation surplus.

https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol199-Invest-15Mar.pdf

Posted by ks55 > 1 month ago | Report Abuse

As it is coming closer to end of Mac whereby Q4 result will be announced, price should move up gradually with the expectation of windfall dividend.

https://klse1.i3investor.com/servlets/stk/annqtyres/6718.jsp

Posted by Goldberg > 1 month ago | Report Abuse

Crescendo to announce good set of results soon and a generous dividend is in the offing.

Posted by ks55 > 1 month ago | Report Abuse

What is the outlook for the property market in Malaysia?
According to a study conducted by Juwai IQI, an international real estate property transaction group, the buy-to-rent ratio for 2024 stands at 91.1% for purchases and 8.9% for rentals, signalling robust confidence in the real estate market. Anticipated increases in yields further support this positive outlook.16 Jan 2024

Posted by PureBULL ... > 1 month ago | Report Abuse

Property Theme Play is on ON...

CRESNDO is the # 1 property stock by math #.
yes or YES, the true blue A1 stock.

how can players keep dumping the # 1 stock in the sector to buy what? bandaraya?

this stock would be fast to anger like Apollo did on grand BO few mkt days!

Posted by ks55 > 1 month ago | Report Abuse

You should peruse Analyst Briefing by Crescendo for better understanding of its Board Of Directors' business strategy, prospect and future direction of the company.

I am very confident Crescendo should form major portion for your retirement planning.
It is safe, growing and rewarding under present able and credible leadership.

https://crescendo.com.my/core-files/uploads/2024/01/CCB_Analyst-Briefing-2024-Q3-31122023.pdf

Posted by ks55 > 1 month ago | Report Abuse

Most likely Crescendo will announce Q4 result tomorrow. You will see more trading activity by 11.30am, and price to shoot to the moon by 4.30pm.

Posted by Goldberg > 1 month ago | Report Abuse

Fantastic results and a generous dividend of 18 cents per share. Hallelujah!

Posted by ks55 > 1 month ago | Report Abuse

Crescendo net profit 20.42 sen, dividend declared 18 sen. This does not include land sales estimated net profit 312 million.

What will be the share price when it open for trade on Friday?

Very important point to note is the integrity of Crescendo Directors, Auditors, senior staff dealing with accounts and finance. No insider try to profit from this stirling set of results and propose dividend. Good management, credible, efficient, professional and staff with integrity.


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3434290

Posted by Goldberg > 1 month ago | Report Abuse

Crescendo declares special dividend as earnings surge to seven-year high


(March 27): Property developer Crescendo Corporation Bhd on Wednesday declared a special dividend as earnings surged to a seven-year high on the back of rising home sales and high margin industrial land disposal.

The company expects to “perform well” in FY2025 as the land sales in Nusa Cemerlang Industrial Park will gross RM545 million and allow the company to book an estimated gain after tax of about RM310 million upon their completion in FY2025.

Within the next one year, the company plans to launch 167 units of mid- to high-end market landed residences at Bandar Cemerlang and 57 units of shop-offices at Desa Cemerlang with a total gross development value (GDV) of RM237 million, it noted.

Further, Crescendo will begin the main infrastructure work of the industrial park at Bandar Cemerlang in FY2025 “as we plan to launch the first phase for sales within the next three years,” Crescendo.

Crescendo also plans to launch 1,200 units of serviced apartments near Bukit Chagar with a total GDV of about RM1 billion in the second half of FY2025.
The company turned around in the final quarter of FY2024 with net profit of RM21.61 million from a net loss of RM3.64 million in the same period a year earlier.

Revenue for the quarter tripled year-on-year to RM120.11 million from RM39.27 million.
In Nov 2023, the company signed two separate agreements to sell freehold vacant land for a total of RM117.02 million. Crescendo completed another deal to sell land for RM315.17 million in the same month.

https://theedgemalaysia.com/node/706187

Posted by PureBULL ... > 1 month ago | Report Abuse

CRESNDO, the # 1 property stock on Property.Theme.Play in DC Biz

Property.Theme.Play in JB is back, driven by DC, the best biz in the world now.

lead furiously by its top stocks;
Sunway
https://www.tradingview.com/x/EtrWIcCa/
n then
Ecowld
https://www.tradingview.com/x/lbHVMuTd/
Uems
https://www.tradingview.com/x/aJ3mP27N/
VS
Cresndo, on early sign of recovering from its CN, Correction,
https://www.tradingview.com/x/A3pIV6UR/
+++++++++++++++++++++++++++

3 weeks ago | Report Abuse
CRESNDO

has a v high intrinsic value as high as $9 as presented by analysts.
being an A1 stock in the property sector, it would likely be the next ytlpowr in the making n MORE...
its location pt on its fin mountain is like ytlp at 1st peak of 2.24 then on Sep 20th, 2023,,
On an imminent grand BO, it becomes derisk = zero risk. it should then be on route to ytlp's 2nd peak of 4.24 n ++.

EW Theory tells its future TP i.e.
MAJOR C = or > MAJOR A
n is located at $4.55 n + overshoot.

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

https://www.tradingview.com/x/Fmku6T1k/

Cresndo sold 100 acres of land to CINA DC, SIN DC n MSFT DC at high prices totaling $543 million cash.
its mkt cap now is so low VS its VALUE n cash on the book.
it still has large annex land of 102 acres, for DC development on that Pulai plot after selling half away.

its land at Pulai is nearer to Forest City than Kulai.
all foreign tech experts will stay only at F City with SFZ status, to enjoy the max 15% income tax.,.

https://klse.i3investor.com/web/blog/detail/bursastocktalk/2023-12-12-story-h-212493122-CRESNDO_Potential_Beneficiary_of_Data_Center_JB_Singapore_RTS

https://www.cnbc.com/2024/03/18/saudi-aramco-ceo-says-energy-transition-is-failing-give-up-fantasy-of-phasing-out-oil.html?&qsearchterm=Aramco%20CEO%20Nasser%20Says

https://klse1.i3investor.com/blogs/savemalaysia/2024-03-21-story-h-185649382-Digital_economy_proposed_sector_of_focus_for_Johor_Singapore_Special_Ec.jsp
++++++++++++++++++++++++++++++
He added that Johor has also witnessed the rapid expansion of the data centre industry in the past two years.

“At the moment, we have four DC, data centres that are up and running while 10 more are in various stages of construction and another 14 more are in various stages of discussion with the state government and federal government," said Lee.
++++++++++++++++++++++++++++++
https://klse.i3investor.com/web/stock/financial-quarter/6718
just declared a total dividend of 18 sen ex date on April 24th, 2024,
https://theedgemalaysia.com/node/706187

Posted by diuleiloumei > 1 month ago | Report Abuse

ahem, what's the TP ?

Posted by ks55 > 1 month ago | Report Abuse

Another rm 117 million is coming by next week. That will boost Crescendo share even higher.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3430853

Posted by Goldberg > 1 month ago | Report Abuse

A simplistic approach based on last Q's result would be 8 cts x 4 = 32 cts x PE of 12 = 3.84.

A TP of RM 3.80, I recon is a conservative TP.

On a more upbeat approach would be - factoring in fantastic profits from various parcels lands sold to Multinationals to build DCs - a TP of RM 4.50 is reasonable.

Above all, this company is generous when it comes to sharing profits ( vis dividends) unlike other Property companies.

Just my 2 cents ya.

Posted by diuleiloumei > 1 month ago | Report Abuse

18 sen divid only can reached 2.98 ? hmmmm

Posted by Dehcomic01 > 1 month ago | Report Abuse

https://www.pinterest.com/pin/797840890260032362/

Posted by silentWolf > 1 month ago | Report Abuse

@DLLM many retailer still sleeping. dun worry

Posted by ks55 > 1 month ago | Report Abuse

Will receive another rm 111 million within April. All land disposal should complete by this month.

"The Board of Directors of CCB wishes to announce that its wholly-owned subsidiary, PID, as the Vendor, has on 15 November 2023 entered into a Conditional Sale and Purchase Agreement with Yu Ao Sdn. Bhd. (Registration No. 202301029352 (1523275-W), as the Purchaser, for the disposal of all those nine parcels of freehold vacant lands for a total cash consideration of RM110,997,982.50. "

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3399658


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 2 April 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3435719

Posted by ks55 > 1 month ago | Report Abuse

Crescendo will report exceptional good Q1 result by Jun with rm 312 million extraordinary gain from land disposal.

May have good news in coming month for additional disposal of 100 acres for another rm 500 million.

Posted by soon9913 > 1 month ago | Report Abuse

likely special div in coming quarters also due to huge gain from disposal of lands to data centre operators

Posted by ks55 > 1 month ago | Report Abuse

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

Posted by ks55 > 1 month ago | Report Abuse

Estimated net profit is rm 80.8 million.
Still left about 75 acres to be sold.

Posted by ks55 > 1 month ago | Report Abuse

We also expect proceed from land sale to STT GDC rm 117 million to come in by tomorrow.

Posted by Goldberg > 1 month ago | Report Abuse

Property developer Crescendo rises to record high on land disposal


KUALA LUMPUR (April 5): Crescendo Corp Bhd's shares surged to a record high on Friday following the announcement of the Johor-based property developer’s latest land disposal plan.
The counter rose as much as 5.86% to RM3.25 during Friday’s morning session, before paring its gains to RM3.22 by noon break. At RM3.25, the group is valued at RM903.09 million.

Crescendo, through its wholly-owned subsidiary Panoramic Industrial Development Sdn Bhd, has sealed a deal with Microsoft Payments (Malaysia) Sdn Bhd for the sale of a vacant parcel of freehold land spanning 1.1 million sq feet in Pulai, Johor for RM132.47 million. The group expects to realise a net gain of RM80.83 million from this recent proposed land transaction.

https://theedgemalaysia.com/node/707117

Posted by ks55 > 1 month ago | Report Abuse

First TOD by Crescendo going to take place in second half of this year. Land acquisition completed for 72 million.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3436523

The Group plans to launch 1,200 units of serviced apartments which are located within the vicinity of the RTS terminal at Bukit Chagar with a total GDV of approximately RM1 billion in second half of FY2025.

Taking 30% gross pretax profit, that is rm 300 million. So cost of development inclusive of land is rm 700 million. Land cost is about 10% of capital outlay is very very low. Normally for highrise, it should be 15 to 20% of the development cost.

Posted by ks55 > 1 month ago | Report Abuse

All in all, this TOD is definitely going to be great success for Crescendo.

Posted by investor77 > 1 month ago | Report Abuse

Crescendo, the next YtlPower ? Land sales makes good profit, like TSH. Bulugan sales Cresndo 500 mil , plus another 100 over million will make shares jump. !! Anyway, like OTB says, third wave of EW theory for YtlP is very powerful. Can overcome ATH of 4.24.

Posted by PureBULL ... > 4 weeks ago | Report Abuse

JB BEST PROPERTY STOCKS

Estate land is selling not in acres but in real life of high $120 per sq ft.
this is unbelievable yet certainly TRUE.
1 acre = 43,560 sq ft

SIN gov is the world cleverest.
it charms n attracts all the top giant high tech co to SIN island.
Best biz now in DC is causing extreme pressure to SIN's entire system of power n water supply.
Recently its property prices n rental rate r 1 of the world highest.

SIN gov knows too well that JB only can help n JB is doing all possible as the lovely JV partner.

JB property stocks with grand old well located land r the best to high speed success.
CRESNDO is proven the 1st best now for selling land to 3 top DC co totaling $543 mill + $132 mill cash to MSFT again this week.
KSENG, once known as the value trap stock since the last 25 yrs ago, is an A1 super bullish stock.

These 2 stocks have ultra high intrinsic values awaiting for the mkt to recognize them asap...

https://www.tradingview.com/x/o2IZtR4D/
https://www.tradingview.com/x/ySeHvDNF/

https://klse.i3investor.com/web/stock/financial-quarter/6718
https://klse.i3investor.com/web/stock/financial-quarter/3476

https://klse1.i3investor.com/blogs/purebull/2024-03-23-story-h-185591883-The_1_property_stock_on_Property_Theme_Play.jsp

Posted by hsong > 4 weeks ago | Report Abuse

What are the other DC counters. Pls share

Posted by troy88 > 3 weeks ago | Report Abuse

Big dividend coming while stock is surging! One of the gem property stocks in bursa no doubt.

Posted by Goldberg > 3 weeks ago | Report Abuse

Crescendo has always been generous in rewarding shareholders- that's beauty of Crescendo unlike some companies that only reward their Directors. Keep it up Crescendo and Kudos the the fantastic management in creating value for the shareholders.

Posted by ConstructionMinion > 3 weeks ago | Report Abuse

I heard Crescendo got more land to sell to DC. Likely another billion revenue and 50 sen dividend

Posted by ConstructionMinion > 3 weeks ago | Report Abuse

how bout KSL

Posted by Goldberg > 3 weeks ago | Report Abuse

KSL is a very profitable company.

Posted by calvintaneng > 3 weeks ago | Report Abuse

AN INTERESTING DISCOVERY: WHY MR GOOI SEONG GUM (DIRECTOR OF KMLOONG & CRESCENDO) BOUGHT 3 MILLION RSAWIT SHARES IN YEAR 2020, By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-09-story-h-184552044-AN_INTERESTING_DISCOVERY_WHY_MR_GOOI_SEONG_GUM_DIRECTOR_OF_KMLOONG_CRES

Posted by ks55 > 3 weeks ago | Report Abuse

We also expect proceed from land sale to STT GDC rm 117 million to come in by tomorrow.
04/04/2024 7:02 PM

Have been waiting for this money to come.
When is the Singapore company going to pay?
Why take so long?
Microsoft can pay 2 weeks after all paper work were in order, but Singapore company is a bit slow in payment.
Better improve your efficiency STT GDC and be a good paymaster!

Posted by ks55 > 3 weeks ago | Report Abuse

The earlier you make full payment, the soonest you can start your Data Center. Early bird gets the worm !

Posted by PureBULL ... > 3 weeks ago | Report Abuse

Position Well For The BIG WAVE In JB

The over-flowing of wealth from SIN island is fast making JB, the place for high growth n high speed success...
GO after the top happening stocks in DC related, we must.

https://www.youtube.com/watch?v=nLhD053d7ZY&ab_channel=ChronTen

Posted by ConstructionMinion > 3 weeks ago | Report Abuse

Around RM3.50 and can only be RM4.50 maximum ?

Posted by troy88 > 3 weeks ago | Report Abuse

Very bullish. Otw to RM4

Posted by newuser999 > 3 weeks ago | Report Abuse

Crescendo has landbank 2600 acres @ 113,256,000 sqft in JB.
After sold lands in November last year and recent 4th of April (two times to Microsoft Payment) which totaling 5,589,537 sqft, the landbank balance is still as high as 107,666,463 sqft.