Posted by newuser999 > 2024-04-12 12:24 | 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.

Posted by newuser999 > 2024-04-12 12:27 | Report Abuse

Crescendo said the disposal consideration was negotiated on a "willing-buyer willing-seller" basis, means "buy it or leave it", no bargaining power from buyer.

Posted by newuser999 > 2024-04-12 12:39 | Report Abuse

Both lands sold to Microsoft Payments at total price RM 447,640,000 with total land size 3,726,380 sqft, which is RM 120 per sqft.

Current landbank of Crescendo = 107,666,463 sqft. Premised on 1 sqft = RM 120, the value of landbank = RM 12.92 billion

Posted by Invest_888 > 2024-04-12 12:41 | Report Abuse

Nice moving up today.

Posted by ConstructionMinion > 2024-04-12 12:42 | Report Abuse

Cannot be. Paragon and Eco World just got their land cheap

Posted by ConstructionMinion > 2024-04-12 12:44 | Report Abuse

Where else can Cresendo sell to Microsoft? I remember also KSL said his land worth RM600 psf. I heard when negotiate with Microsoft, Cresendo is like little mouse. They want to sell RM300psf but microsft said RM120psf take it or leave it

Posted by ConstructionMinion > 2024-04-12 12:54 | Report Abuse

Mah Sing Group Bhd’s wholly owned subsidiary Venice View Development Sdn Bhd has entered into a conditional sale and purchase agreement to acquire 40.4686 hectares (100 acres) for RM103.75 million.

Located in Johor, the site is about 400 metres from a June 2023 purchase of 30.63 ha (75.7 acres) known as M Tiara.

Posted by newuser999 > 2024-04-12 13:48 | Report Abuse

@ConstructionMinion: Thanks for the input. I just bulat2 calculate based on news. Even if at RM 120 per sqft, the sales value is substantial too.

Hope to get more input and pointer from you. :)

Posted by ConstructionMinion > 2024-04-13 11:54 | Report Abuse

Don’t think every plot can sell RM120 psf. Annual report also got expected net land so around 50% willl be road and green area.

Also ulu Tiram if can be RM50 psf already very power. See SP Setia land deal RM13 psf

Posted by soon9913 > 2024-04-15 13:06 | Report Abuse

furthermore, pls expect some suppliers might buy land next time datacenter to provide their services and products ya.. RM120/ sqf is fair price

Posted by ks55 > 2024-04-15 18:28 | Report Abuse

Finally rm 117 million received. Land sales to STT GDC completed today.


The Board of Directors of CCB wishes to announce that the Completion Date as defined in the SPA 1, being the date on which the Balance Purchase Price is paid to the Vendor’s Solicitor as stakeholder in full, is 15 April 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3438092

Posted by Goldberg > 2024-04-15 18:30 | Report Abuse

Wow Crescendo swimming in CASH.

Posted by ks55 > 2024-04-15 18:40 | 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 newuser999 > 2024-04-15 22:32 | Report Abuse

First disposal - RM 117 million
https://www.sinchew.com.my/news/20231107/finance/5110895

2nd disposal - RM 111 million
https://www.sinchew.com.my/news/20231115/finance/5127803

3rd disposal - RM 315 million
https://www.sinchew.com.my/news/20231117/finance/5132752

4th disposal - RM 132 million
https://theedgemalaysia.com/node/707039

Posted by ConstructionMinion > 2024-04-16 14:59 | Report Abuse

This boss support his share price well unlike uem sunrise and sp Setia

Posted by Goldberg > 2024-04-18 10:42 | Report Abuse

First disposal - RM 117 million

2nd disposal - RM 111 million

3rd disposal - RM 315 million

4th disposal - RM 132 million

TOTAL SALES of Land------- RM675 million.

Posted by soon9913 > 2024-04-18 11:32 | Report Abuse

rm675m is from disposal of 1++ acres only, on hand still have prime lands 2400 acres 😄

Posted by soon9913 > 2024-04-18 11:52 | Report Abuse

jjptr congras making more than 400%... my cost is much higher

Posted by soon9913 > 2024-04-18 13:40 | Report Abuse

RM4 soon..

Posted by ConstructionMinion > 2024-04-18 13:48 | Report Abuse

What is the news

Posted by kyzertai > 2024-04-18 14:15 | Report Abuse

big dividen ex date approaching . that reason price up up up

Posted by Invest_888 > 2024-04-18 17:12 | Report Abuse

Great movement.

Posted by ConstructionMinion > 2024-04-18 19:47 | Report Abuse

Rich boss got richer

Posted by turbochart > 2024-04-19 10:23 | Report Abuse

Should I cut gain 2k below 3.8?

Posted by Bullstocks888 > 2024-04-19 11:40 | Report Abuse

Really genius deal! Crescendo still have 1,200 acres land at Bandar Cemerlang, Johor. This land is now comparable to YTLP's Kulai land. Its now worth RM6.3 billion, which is 6x the market cap of Crescendo!!

Posted by dragon328 > 6 days ago | Report Abuse

Of note is that Crescendo sold a piece of land of 23 acres in Johor to Microsoft Payments at RM120 pst, what a genius deal for Crescendo management!!

FYI, YTLP bought the 657ha Kulai land at just RM6.00 psf, which means the Kulai land has appreciated in value by 20 times in just 2 years!! It was valued at RM430m then but is now worth RM8.5 billion !!!

Posted by ks55 > 2024-04-20 09:49 | Report Abuse

You should also peruse Analyst Briefing by Crescendo for better understanding of its Board Of Directors' business strategy, prospect and future direction of the company. And to compare with the AmRearch paper in 2013 (10 years ago) to see how things materialised gradually under able leadership of Crescendo.

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 > 2024-04-20 10:21 | Report Abuse

Go and read up about AmResearch paper written in 2013 (10 years ago). It was a very well written high quality paper and still good today. Too bad after uploaded it here but was not able to get posted.

Click for the above paper if you are interested to find out more about Crescendo under heading CRESCENDO - I3investor.com dated 8 May 2013.


https://www.google.com/search?q=Crescendo+has+projects+with+GDV+of+RM1.2bil+in+the+pipeline&rlz=1C1CHZL_enMY839MY839&oq=Crescendo+has+projects+with+GDV+of+RM1.2bil+in+the+pipeline&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIKCAEQABiABBiiBDIKCAIQABiABBiiBDIKCAMQABiABBiiBDIKCAQQABiABBiiBDIKCAUQABiABBiiBDIGCAYQRRg80gEJMjU3NTVqMGo3qAIIsAIB&sourceid=chrome&ie=UTF-8

Posted by Sslee > 2024-04-21 10:07 | Report Abuse

It is more luck than anything else that the land is now many time more valuable due to high demand spill over from Singapore

Posted by ks55 > 2024-04-21 16:00 | Report Abuse

18 sen dividend goes ex this Wednesday. Then Crescendo will receive rm 111 million from Chinese company by end of the week.

Posted by Goldberg > 2024-04-21 16:18 | Report Abuse

Crescendo - Hits Record High after Second Land Deal with Microsoft. More to come?

Compared to its current share price of RM3.70, Crescendo is trading at 25% discount to book value and 63% discount to RNAV ofRM10. (Including the total net gains of RM390m from all the 4 disposals, its book value will surge to RM4.90 per share).

What is the fair value for a premier developer of industrial property in Johor with huge undervalued landbank, consistent dividend payout of 50-60%, strong earnings visibility and a proxy to rising industrial land prices amid data centre boom and rising momentum in Iskandar Malaysia?


https://klse1.i3investor.com/blogs/bursachatgpt/2024-04-21-story-h-183...

Posted by Invest_888 > 2024-04-21 19:05 | Report Abuse

Due to lower probability the war will be escalated between the Iran and Israel, property stock will recover esp Cresndo. Expect to go up next Monday and Tuesday. Next Wednesday 18 cent dividend payout.

Posted by soon9913 > 2024-04-22 13:57 | Report Abuse

very likely next announcement will declare special div also.

Posted by investor77 > 2024-04-22 17:07 | Report Abuse

After Ex Div of 18 cents, most likely will climb up again due to profit from land sales. From land sales, Eps may touch RM 1/ share, from Number of Share Holders of only 480 million !!

Posted by soon9913 > 2024-04-23 15:08 | Report Abuse

current market value is RM1b, sold 125 acres land got back RM650m cash... bal 2400 acres prime land on hand.. how to count this.... huge cash on hand company, and got land very near walking distance to RTS ...... expected launching next year ..!!

Posted by Goldberg > 2024-04-23 15:23 | Report Abuse

Bro Paid up, of only 280 million not 480m shares.
-------------------------
Investor77 After Ex Div of 18 cents, most likely will climb up again due to profit from land sales. From land sales, Eps may touch RM 1/ share, from Number of Share Holders of only 480 million !!
22/04/2024 5:07 PM

Posted by investor77 > 2024-04-23 17:19 | Report Abuse

Thanks Goldberg for correcting me. Wow, if only 280 million shares, sure easy to Fry up when there is good Catalyst !! Well aware of their land at Desa Cemerlang, and NCIP, has got tremendous potential. Many not aware of Crescendo as property developer as compared to Mah Sing, Matrix, SP Setia, UemS, etc. Coming Quarter result will sure surprise everyone !!

Posted by Invest_888 > 2024-04-24 09:02 | Report Abuse

Bright future for this Cresndo as the director bought a lot of Cresndo share recently. Much higher chance to get another decent dividends this year.

Posted by turbochart > 2024-04-25 15:39 | Report Abuse

384 sold.small gain 3k

Posted by Eagle77 > 2024-04-25 16:03 | Report Abuse

Might be huge profit taking after this very soon ⬇️⬇️⬇️🩸🩸🩸

Posted by Eagle77 > 2024-04-25 16:04 | Report Abuse

If war getting worse no one want to buy land and the price will become zero ⬇️🩸nuclear war 💥💥💥

Posted by Joseph3388 > 2024-04-25 17:59 | Report Abuse

Hi all, what do you all think about the market today? My broker says that it is possibly the work of someone who holds big amount of share, after dividend the price went down, and to maximize profit he need to jack up the price to the price he bought before dividend. Then when many ppl join the wagon, he slowly sell off at higher price to 割韭菜. I saw the price near closing someone even put 3.95 and many ridiculous price , as if to jack up the price real good. Even if the company prospect is good, the price hike shouldn’t be this abnormal, especially after ex-date. This price don’t even happen during land sale announcement.

I am 2 hearted whether want to sell off at this price or not , or keep to wait it hike more? Any opinion on this ?

Posted by Invest_888 > 2024-04-25 18:49 | Report Abuse

According to the info, total sold industrial land was RM675 million. Still got around RM350++ milllion land to be sold at this same area.

If scare about wars, pls buy gold now. If want to buy gold stock, I recommend POH KONG. I recently bought @ RM1.06 & RM1.00.
One fellow here even mentioned the Nuclear war, then holding gold is not the solution BCS WORLD war 3 is happening. Most people will die. But, I don't believe in nuclear war will happen this year, next year but will happen in certain year later.



Goldberg

First disposal - RM 117 million

2nd disposal - RM 111 million

3rd disposal - RM 315 million

4th disposal - RM 132 million

TOTAL SALES of Land------- RM675 million.

Posted by Invest_888 > 2024-04-25 18:55 | Report Abuse

Got rumour said JB will open a legal casino. If happen, JB land price will be increased even higher.

Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone.

https://www.straitstimes.com/asia/se-asia/malaysia-mulls-over-casino-as-part-of-special-economic-zone-plans-to-boost-forest-city

Posted by Joseph3388 > 2024-04-25 19:00 | Report Abuse

Hmm yea agree with u @Invest_888, I don’t tink nuclear is very likely, just not sure when they will conclude the war.
There is balance profit from the land even after the dividend, but the price hike today fill rather abnormal and scary to be honest. I will just sell some first, better safe than be sorry, money in pocket feels safer lol 😂

Thanks for ur input

Posted by Joseph3388 > 2024-04-25 19:05 | Report Abuse

About casino… maybe a political war will be started over the issue 🙄

In the post it says that PM denied it? Nvm wait and see 😂

Posted by Bullstocks888 > 2024-04-25 20:47 | Report Abuse

New accounts spreading unfounded fear.

The stock rally is supported by good fundamental and undervaluation...60% discount to RNAV and will turn net cash soon. There are strong momentum with big re-rating catalysts like data centre boom, Singapore-JB RTS completing soon and KL-Singapore high speed rail.

Posted by Bullstocks888 > 2024-04-25 20:50 | Report Abuse

Invest_888, agree with you. Tremendous potential to churn land bank into cash and pay more dividends to shareholders.

Posted by Invest_888 > 1 hour ago | Report Abuse

According to the info, total sold industrial land was RM675 million. Still got around RM350++ milllion land to be sold at this same area.

Posted by troy88 > 2024-04-26 10:13 | Report Abuse

After sweet big dividend, still bullish!

Posted by Bullstocks888 > 2024-04-26 10:36 | Report Abuse

@Goldberg, I agree with you. Crescendo is worth at least RM6 imo. Not many developer is swimming in cash now and pay more dividends to shareholders.

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.

Posted by Invest_888 > 2024-04-26 15:12 | Report Abuse

Just now dropped to RM3.70 which is good price for buying. Yet, too late to grab it.