CRESNDO (6718): Company Shares Transactions

@DaveInvest

I trade other stocks while watching him playing solo. Once the price stable with low volume, I will come back to collect at low price

1 week ago

Yea me too 😂 things are looking pretty good at other counter

1 week ago

Raymond Tiruchelvam

Thx newuser999

1 week ago

@newuser999

Look at the guy playing by himself again, this time maybe both side is him, put high volume. Dont u tink so? 🤣

1 week ago

Invest_888

Bought some at RM3.4. Crensdo fundamental strength is great plus property sector in JB is fantastic.

1 week ago

@Invest_888

I agree with u, but as great as it can be and undervalued, I guess human sentiments and psychology plays a strong role here. The index hit 1600 today with many other good performing active shares,

So ppl might as well opt to go to those shares for quick profit rather than stay here and wait for year end dividend period.
Undeniably good counter but it is also least active and is in sleeping period now.

The person that tries to sell off large amount maybe wants to go other counter as well , can only speculate

1 week ago

@Daveinvest

I am a medium-term investor for this counter, aiming for its dividend after selling 18 pieces of land totaling RM 675,655,617. It provides the opportunity to collect whenever the price has discount.

Let's see whether the price can reach 3.45 today. If yes, high chance the price continue up tomorrow.

1 week ago

@newuser999

The price hike from 3.33 to 3.43 now, logically should have more volume , but the volume is so low. My personal opinion is as we speculate previously, there is someone trying to push up and sell. Let’s see how long this can continue, the volume doenst seems to justify the hike for this particular counter 🤔

1 week ago

@ Raymond Tiruchelvam

Welcome.
10 MA is mainly for very short term trading.
20 MA is considered a "lifeline" to exit (if breaks below) or to enter (if stands above).
50 MA is for medium term investment
200 MA is for long term investment which frequently adopted by fund manager. Fund managers won't buy a stock if the price is below 200 MA.

For advance,
10 MA cross 20 MA - short term bull
50 MA cross 200 MA - golden cross for big bull

Do take note that TA is mainly helping you to buy and sell at the optimum time (can't use "right time"). Anyone knows TA can "draw" a chart and play a fool with you.

If you aim for short term play, focus on 10 MA instead. Otherwise, fundamental is still the core part.

1 week ago

@ DaveInvest
LOL... he might be watching us now......XD I will definitely collect more if he dare to dump below 3.19

1 week ago

@newuser999

Yea same 😂 not gonna go in now

1 week ago

Invest_888

Could see the queue for sale with volume 674900@ RM3.45 & the queue for buy with volume 107300@RM3.38. For me both queue might be the same person.
Anyway, at least it is good day for Cresndo share price today.

1 week ago

@Invest_888

Well yea I tink so too, I tink he is not scared ppl finding out it’s same also, if it’s the same person, perhaps he is trying to control the price within range of 3.39-3.44.
To dump shares maybe? So it won’t give others chance to queue at different price, intimidating 🤔

1 week ago

Clearly seen that the market player is controlling the price at 3.30 - 3.45. Would be sideway for a period. We shall await for QR at end of June.

1 week ago

@newuser999

Incase If he is watching us now, and still looking to dump all of his share, hope him know that we are looking forward to 3.2x if he is willing to dump at that price . Save his headache and effort, and all the processing fees 😬

1 week ago

Raymond Tiruchelvam

thx for the MA info @newuser999 ..... cheers

1 week ago

ConstructionMinion

Paragon Globe is a better data center counter now. RM200 million market capitalisation sell land RM200 milllion. The whole company is free

1 week ago

https://klse1.i3investor.com/quoteservlet.jsp?sa=ss&q=CRESNDO

CRESCENDO CORPORATION BERHAD ("CCB")
DISPOSAL OF LANDS BY PANORAMIC INDUSTRIAL DEVELOPMENT SDN BHD ("PID"), A WHOLLY-OWNED SUBSIDIARY OF CCB TO YU AO SDN. BHD. completed today total payment rm 112.77 million. Will reflect in Q2 result.

1 week ago

Goldberg

Crescendo Corp Bhd’s (CCB) wholly-owned subsidiary Panoramic Industrial Development Sdn Bhd is selling nine parcels of freehold vacant land measuring about 82,496.4 sq m in Johor to Yu Ao Sdn Bhd for RM112 mil cash.

CCB is expected to record a consolidated gain after taxation of about RM68.33mil from the sale.

1 week ago

Invest_888

Selling pressure is still presence but it is becoming weaker.

1 week ago

Yea I tink so too, 88 volume for first half only. Going into deep sleep maybe 😴

1 week ago

investor77

Patiently waiting for end June, results out. Q1/25, tentative eps of 50cents from land sales profit, on 280 mil shares. Will this case a re rating of Crescendo s price ? Price above RM4 ?

1 week ago

5/6 of the queue at 3.45 yesterday was traded, left 945 lots. Looks likely Cresndo will break this resistance today.

4 days ago

turbochart

3.6sold. small gain 900.

4 days ago

troy88

Correction over? Back to uptrend..

4 days ago

Crescendo is looking for buyer for its 75 acres of industrial land at NCIP. Looking at the latest transaction @ rm 138 psf at SILC, NCIP land should sell at rm 150 psf, or rm 6.5 million per acre. (something like DongQuan to Shenzhen). So this 75 acres worth rm 488 million!

4 days ago

looks like my anticipation is correct based on buy-sell queue.
next resistance - 3.69, 3.91, 4.08

4 days ago

Posted by ks55 > Apr 4, 2024 6:20 PM | Report Abuse X

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

Just within 40 days, everything need to do already done, and we can expect to received payment by end of May. This is called efficiency and professionalism. Give salute to Crescendo management team.

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 13 May 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3447167

4 days ago

Hopefully remaining 75 acres can sell at rm 150 psf to more DC operators within next few months.

4 days ago

Aiming at 4 ringgit tomorrow. 6 ringgit is achievable premised on intrinsic value of 9 ringgit.

4 days ago

@troy88 @newuser999

I might be very wrong, but my opinion is… maybe correction period is forcefully ended by someone playing the market to dump again, likely the same group of ppl that tries to jack up the price when it’s very low but not very successful at it, as the market is inactive, then waited for this “share buy back” thing and do it again at larger scale.
For seasoned investor they will know this is an annual thing that companies usually do, I checked the track record, past few year no record of buyback.

Since QR is about 1.5 months away, there might be gradual increase in price, but not this much in one go unless it is purposely done, anyway looking at how it is, might be unlikely it will go back to 3.3x , might steadily go down and stabilize at around 3.45-3.55 perhaps? Can only speculate

I do agree with company worth much more than this, but at the same time this hike is not very usual for this counter without stimuli,
The resistant price prediction is spot on I tink, pretty good guess, need time to go there I guess.

As usual, my opinion is, hitch the ride if u can, but don’t be hot headed, becareful.

4 days ago

Today will have a long green. Aiming for rm 4.00 by end of the day.

3 days ago

@ks55

I hope it will happen, then I will make a huge earning, but you seems a little too too positive as always? For whatever reason there is 😬 as we speaking, it went up then come back down , from green to yellow 🤐

3 days ago

calvintaneng

Microsoft bought lands from Crescendo to build Data Center

DATA CENTERS Are For STORAGE Of DATA. And That Is Why Lots Of HDD From JCY, NOTION & DUFU Will Be Needed.

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-05-15-story-h-161671538-DATA_CENTERS_Are_For_STORAGE_Of_DATA_And_That_Is_Why_Lots_Of_HDD_From_J

3 days ago

Posted by ks55 > Apr 19, 2024 11:22 PM | Report Abuse X

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 high rise, it should be 15 to 20% of the development cost.

Construction cost is between 50% to 60% of development cost, i.e. 350 million to 420 million. Since KimLun has the expertise to build high rise, and it has worked well with Crescendo before, there is good chance KimLun can get get this job by end of June.

=================================

How much profit do you think this project can bring in ?

3 days ago

Yes, definitely good profit from the project, I tink goverment is trying to curb the speculation of price hike around property projects surrounding the MOU with SG, not sure will they be successful or not.

Anyway it’s in the red now, 3.58 and dropping, not all green, the party that did the pushing ran out of strength maybe 😉

3 days ago

ks55 Paramount shows a steady upward trend. Wait till Q1 result with 6 sen profit, then those IBs will start to make coverage. They won't take the initiative but just to make 'report' on what already happened.

https://klse1.i3investor.com/servlets/stk/chart/1724.jsp

3 days ago

Today most of the funds have flown to gloves and technology counters as a result of US tariff hike on China products. Utilities counters remain strong due to YTLPOWR

3 days ago

https://www.scmp.com/week-asia/politics/article/3262628/malaysias-pm-anwar-meets-hamas-leaders-qatar-amid-us-scrutiny-financial-ties

@newuser999

Yea, I missed the top glove boat , saw the recovery of it and it was advised by analysts to buy as well, but I was worried , especially after the bad post covid track record 😮‍💨
Anyway it should recover and remain strong , the physical sales should be good, as those that stock up the gloves before, either depleted their stock or the current stock is expiring.

3 days ago

speakup

3 days ago

https://www.malaymail.com/amp/news/malaysia/2024/05/15/observers-say-pm-anwars-meeting-with-hamas-leaders-in-qatar-amid-us-scrutiny-of-financial-ties-could-provoke-west-to-act-against-malaysia/134450

This one free to read, and atleast PM clarified his intention at the end of article. I just hope there won’t be hiccups in Malaysia’s near future economic growth

3 days ago

This one free to read, and atleast PM clarified his intention at the end of article. I just hope there won’t be hiccups in Malaysia’s near future economic growth

“Anwar has acknowledged that his visit and meeting with Ismail and Khaled was causing anxiety among allies and other Malaysians but justified his action as supporting peace efforts in the Gaza Strip”

https://www.malaymail.com/amp/news/malaysia/2024/05/15/observers-say-pm-anwars-meeting-with-hamas-leaders-in-qatar-amid-us-scrutiny-of-financial-ties-could-provoke-west-to-act-against-malaysia/134450

3 days ago

@ DaveInvest

US Tariff hike on China's glove product will be only imposed in year 2026. I would say market has over-reacted. You can look into technology stocks since US tariff hike will be affecting China's semicon in year 2025.

3 days ago

Honestly, I am speechless to Anwar's visit with Hamas leaders in Qatar. He seems naive to Do and Don't.

3 days ago

@newuser999

Yep, that is why although previously many glove company showing signs of recovery, I’m not going in, especially after the previous balloon pop 😬 although I’m not affected but it looks really miserable. I mainly focus on JB property , utility resolves around renewable energy, and semi con as u suggested

2 days ago

Sometimes I wonder does some of the small investor know that the land disposal sale announcement dated on 14/5/24 is referring to previous sale and it’s NOT a new sale or not 🤔
And share buy back is a routine done yearly and the company never buy back any share for past many years.

Then maybe some players take this time to push up the price , then dump🤔

1 day ago

@Daveinvest

You'd spoken my words, 😂
"Sometimes I wonder does some of the small investor know that the land disposal sale announcement dated on 14/5/24 is referring to previous sale and it’s NOT a new sale or not 🤔"

14 hours ago

I smell something to the announcement on 10/5/24 - "proposed renewal of authority for share buy-back". The share buyback is up to 10% of the total numbers of issued shares.

The purpose of share buybacks can be as below. 1, 2 & 3 could be the reasons for Crescendo:

1. 【Capital allocation】: Companies may use share buybacks as a way to deploy excess capital. If a company has accumulated cash reserves or has limited investment opportunities, it can repurchase its own shares to return capital to shareholders.

2. 【Enhancing shareholder value】: By reducing the number of outstanding shares, a share buyback can increase EPS and potentially boost the company's stock price. This can benefit existing shareholders by increasing their ownership stake and potentially providing a higher return on their investment.

3. 【Signal of confidence】: Share buybacks can be seen as a signal of confidence from the company's management. When a company repurchases its own shares, it indicates that management believes the shares are undervalued and that buying them back is a good use of capital.

4. 【Offsetting dilution】: Companies often issue new shares as part of employee stock option plans or to raise capital for acquisitions or expansion. Share buybacks can offset the dilution caused by these new share issuances, helping to maintain a stable ownership structure.

5. 【Tax-efficient distribution】: Share buybacks can be a tax-efficient way to return capital to shareholders compared to dividends. In some jurisdictions, capital gains from selling shares may be taxed at a lower rate than dividends, providing potential tax advantages for shareholders.

6. 【Defensive measure】: Share buybacks can be used as a defensive measure to fend off potential hostile takeovers. By reducing the number of shares available in the market, it can make it more difficult for an acquiring company to gain control.

14 hours ago