CRESNDO (6718) - Technical Indicators

Stock having obvious price gain today even it’s after ex-date, this looks like scenario from previously when it went 3.93 and took and huge dip after that. Some big players might be at work. Watch out bro , hitch the ride and get out, very bullish the stock now even if the PE ratio is good and is on discount mode.

Most property are in the red, and the war has been going on roller coaster so far, nobody knows how it’s gonna turn out exactly.

Just my 50 cent, I might be wrong tho, but never hurt to be too careful with hard earned money. Cheers 🍻

1 week ago

Eagle77

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

1 week ago

Eagle77

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

1 week ago

Yea, nobody knows how war gonna turn up, those country have long history of feud and Unresolved sentiments. Although the effect to our local BME is not as much, but undeniably we have seen its effect.
I just saw the news about the nuclear as well, it’s doubtful and uncertain but can never be too careful.
Watch your back guys, history repeats , 3.9 fhen following day it dips , I hope I’m wrong though 🤨

1 week ago

Joseph3388

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 ?

1 week ago

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.

1 week ago

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

1 week ago

Joseph3388

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

1 week ago

Joseph3388

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 😂

1 week ago

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.

1 week ago

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.

1 week ago

troy88

After sweet big dividend, still bullish!

6 days ago

@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.

6 days ago

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

6 days ago

crash

6 days ago

I wanted to say “I told u so” but it’s not really the case this time
It’s a dip as the big player leave the game after get dividend and dump their stocks. however since market looking not too bad now, the dip wasn’t as severe the previous round of 3.93. Which dipped more than 30 cent.
Well not sure about Monday tho.

I tink the everyone here knows the company is trading at a huge stock price discount, that is for sure. However it’s an undeniable truth that majority of stocks is in the hands of few. Making it having the potential of being extremely volatile. Just look at the trading volume each day, yesterday when it rise to 3.9 it’s trading more than 1 million, today is only 1/3 of the volume .
The counter may not be as active if without catalyst and stimuli even if it’s a discount counter.

Again I’m not saying it’s a bad counter, it’s a really good one, just try to be careful not to be carried away when there is extreme fast paced price hike as behind it could be someone purposely jacking up the price , sell then get the cash and target next other counter. I tink we all know there is such player/investment bodies around.

Just relax okay 👌🏻

6 days ago

Michael Kwok

Cresndo 3.77
If 3.40 no break,possible 4.20 above.many say rm 4.
28/4/24 5.36pm
**Join me as follower or paid(to guide buy and sell).

4 days ago

Cresndo 3.77

Cresndo is still on uptrend state. Just observed before dividend payout of 18cent, the price was RM3.51 on 23Apr. On dividend payout day, 24Apr the share price was RM3.61. After dividend payout, on 25Apr, the price went up RM3.88 with high volume of 1.426Million share. If got big players really want to dump this stock, it wouldn't close at RM3.88 instead should close below RM3.61 on 25Apr. On 26APR, share price dropped to RM3.77 with volume @ 564K which is only 39.6% of 1.426Million. As such, this stock is under healthy correction or washing out those weak holder. If it drops below RM3.61, it is possible the bankers want to move to another counter.

4 days ago

@ Invest_888

I agree with you on most part especially about the market enter correction/adjustment period after the sharp hike , where it dropped but not as much. If based on the previous 3.93 hike, it didn’t dip the very same day too, it dipped after 10/11am the next day, similar pattern.

I discussed this with my investment manager, he ask me to me really careful about it, he say it does looks like the works of big player jacking up and dumping stocks but it didn’t drop as much as the fundamentals supported it(I followed be tracker whole day and the dealings look exactly like the pattern during 3.93 previously)
and also the market is quite strong in general unlike the times during 3.93 which gave me a painful lesson. Or it could be some big player or one of the director making some small coffee water money? Or they wanted to stimulate the market after the -18 cent, while earning some pocket change, then let it drop back abit but not as much? Can only speculate 🤷🏼‍♂️ no idea, just being careful, learned hard lesson that this counter is not all sunshine and UP UP UP despite all the discounts and good news, very susceptible to manipulation.

I do tink the price might hold around this price for now, as the share is really good and have >rm4 potential, and very likely with some catalyst in future it will break 4.2. However while waiting for catalyst (nobody knows when it’s gonna be, maybe some short term investor will move to a different counter for now ,
All I’m saying is just know our goals and trade carefully, don’t let all the hypes get to us easily and make hotheaded rash decision. just my humble opinion.

4 days ago

Cresndo - Severely undervalued stock with all-time high earnings, upside potential. Accumulate. Next resistance R1 at RM4.80, followed by R2 at RM5.20.

Cresndo has strong catalysts from strong earnings momentum (record high GDV of RM1.2 billion), strong cash flow (land sales RM0.6 billion) and special dividend payout. The company is leveraging on data center boom in Johor, and new venture into high-rise luxury condominium near JB-Singapore RTS.

3 days ago

Goldberg

In a few days time Crescendo will receive another rm 111 million. Just based on profits from 3 land sales, Crescendo Q1 FY25 will make at least rm 335 million after tax or rm 1.15 per share for the First Quarter FY25. ( announcement due in late June) More special dividends may be in the offing or even a bonus issue.

I feel the above developments will be a powerful catalyst for Crescendo to surge past RM4.80. In the meantime I expected Crescendo to trade in a range of 3.50-3.80 level.

Be patient folks.

3 days ago

@Goldberg

Yep I agree with u, very good company , I don’t tink it will drop below 3.5 for now, and will trade within 3.5-3.8 for now. Might have steady decline in trading value while waiting for next catalyst, just like how it is now, maybe some are selling Crescendo to buy YTL? 😂

3 days ago

Goldberg

I don't blame them Dave YTL is arguably the best stock to buy and keep. However its good to diversify ones portfolio in to good well run and good divvy stocks like Crescendo.

3 days ago

@Goldberg

Yep, diverse portfolio is very importent to minimize risk. Buy YTL and gain some profit while waiting next catalyst from crescendo which might take time, as I tink their housing project need time for revenue report to come in as well. As for those dividends they usually do it end of the year also. Ample time to plan.

3 days ago

Goldberg

Well said Dave - totally agree with you.

3 days ago

If portfolio balancing is important you should seriously consider buy good stock. I prefer Poh Kong due to high inventory and expected its best ever QR. Around 2/3 weeks, Tomei QR should be out and great result is expected and result in higher share price for both Tomei and Poh KOng. Gold hedge against uncertainty esp wars, inflation and devaluation in currency.
Definitely, I am keep holding YTLP stock.
Cresndo is also a great stock as well esp the GOOI family is famous in sharing profit. Just look at "Kimloong" i.e. high dividend payout, free warrant and free bonus share, proven record from year of 2005 until now.

3 days ago

@Invest_888

Totally agreed. As u said, PohKong is a good choice for gold, and Gooi family have excellent record in sharing profits unlike some other company

gold price is quite lucrative for now and in near future, quite resistant to any calamity actually, diversify Some in property, gold, oil, energy, consumable, tech, and medical would be good.

3 days ago

Microsoft had committed $13.5 billion as of June 30 for construction of new buildings and improvements, mostly for data centers to support cloud and AI growth, according to the company's annual report.

The company this month revealed plans to invest $3.2 billion to expand its cloud and AI networks in Australia over the next two years, according to Bloomberg News. nincludes development of nine data centers that would boost the company's total number of facilities on the continent to 29.

2 days ago

Microsoft has 29 data centers in Australia.

Microsoft signed 2 land acquisitions with Crescendo in last 5 months. Guess who Microsoft will go to if it needs more lands to build more data centers?

2 days ago

@Bullstocks888

Yep agree with u, somemore there should be leftover land nearby where they can lock more deals in, then they can centralize facilities and infrastructures, then the spillovers from the developments will raise the surrounding land value as well.
In an article somewhere, I believe I read that Crescendo have some say to those basic infra as well.

2 days ago

Break RM3.61, not a good sign.

2 days ago

@Invest_888

Yea, but market also not as fantastic like the other day. I hope it won’t drop past 3.5 , just now I watched the trend, yesterday there is a player with substantial amount of stock dumped them near 3.7 price point, today similarity at around 3.6x price point. Below what the market is calling for at that point for fast sale.

Anyway This counter is known to goes to sleep and wake up fierce 😂
Can only speculate … speculate … anyway the fundamentals should support it next time it goes out of hiatus , not too much worry here

2 days ago

lol almost half an hour passed by and no deals made yet on this stock, I guess this stock really went into sleep mode already . Which is a good time to buy at discounted price 3.4-3.7 l(IMO) and keep, since there is still huge chunk of cash from land sale and upcoming project near RTS . Surely in a few month when the reports are out, it’s gonna fly sky high again

22 hours ago

Microsoft to invest $1.7 billion into AI infrastructure in Indonesia, CEO Satya Nadella says.

Malaysia next?

22 hours ago

@DaveInvest, Crescendo still have over 500 acres of industrial land bank in Johor. Special dividends soon! Be patient. Profit taking is normal. Will fly after that

Posted by DaveInvest > 1 day ago | Report Abuse

@Bullstocks888

Yep agree with u, somemore there should be leftover land nearby where they can lock more deals in, then they can centralize facilities and infrastructures, then the spillovers from the developments will raise the surrounding land value as well.
In an article somewhere, I believe I read that Crescendo have some say to those basic infra as well.

21 hours ago

@Bullstocks888

Yea agree with u, I guess many saw the potential and good price to buy now, so much buyer now at the current price and so little seller , I guess this is really weeding out shareholder with less holding power, and there are many who saw the potential and continuously absorbing at current price

21 hours ago

newuser999

Microsoft to invest RM10.5bil in Malaysia, says Miti
https://www.freemalaysiatoday.com/category/nation/2024/05/02/microsoft-to-invest-rm10-5bil-in-malaysia-says-miti/

19 hours ago

soon9913

ya lo Microsoft plans to invest RM10.5b on the land that crescendo sold to them.. it will benefits the company in long run also, imagine the value of the unsold lands

18 hours ago

Absorb ! So good the price now

18 hours ago

But share price drop 3%. Must be invest elsewhere

18 hours ago

Nusajaya tech park paragon globe and uem sunrise

18 hours ago

soon9913

microsoft ady bought land from this counter la apa .. haha

18 hours ago

Can invest this money on other land and leave this one empty. Microsoft can invest RM0.75 billion here and RM9.75 billion elsewhere. On UEM Sunrise land beside GDS too

17 hours ago

Whatever it is, time will tell.
Anyway it’s a rather safe counter, since there is still balance cash money from land sale , and upcoming projects, so the dividend etc year end gonna look good, similar to the one announced in March . So get at good low price(instead of last minute only go in), hold , wait for it to fly again.

17 hours ago

Since dropped below RM3.61, this counter need some days to stabilize, maybe it will be a good price for buying.

16 hours ago

newuser999

current roadblock at 3.50 and 3.60. Most transaction today at 3.48.

16 hours ago

Ok, I will buy some

15 hours ago

Those with 3 mil Cresendo shares will cry today

11 hours ago