CRESCENDO CORPORATION BHD
KLSE (MYR): CRESNDO (6718)
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Last Price
3.74
Today's Change
+0.11 (3.03%)
Day's Change
3.65 - 3.79
Trading Volume
1,173,100
Major Holders Breakdown
Current Holdings
Name
No. of Shares
Percentage
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
Historical Transactions
| From | To | Type | No. of Shares | Min Price | Max Price |
|---|
Discussions
2 people like this. Showing 50 of 524 comments
That we know. It's dividend we are hoping for more than once a year as result is likely to be good.
2 weeks ago
Base on the track record, I guess it’s safe to assume dividend at first and last quarter of the year, however, due to multiple extraordinary gain since last year, who knows if they will break the norm . Even if they didn’t, with Quarterly report out, we will know balance sheet more clearly which clearly should be good. Hope for surprises 😀
2 weeks ago
Well said Davel. Only good things will be coming with good fortune of being in the center of the data centre theme and in booming Johor. I expect a bonus issue no less to improve their share liquidity as big funds want to buy but not able due to low float.
2 weeks ago
Nevertheless, I don’t put much hope into chances of any dividend mid year, year end of course yes.
However the bottom price previously is about 3.3-3.35, with new land sale , looking at the trend + amount of buyer and seller everyday,
I believe the new bottom price now is 3.55-3.6, unless if there is another long period of inactivity then maybe 3.45-3.55.
If there is any stimuli then it might wake up and fly, comparatively, if it goes any lower, maybe time to stock up on some.
2 weeks ago
Good observation. Think it's a different animal after recent micro and macro development. Relatively low risk stock to buy or hold.
2 weeks ago
Sold RM790 million in 7 months, Market cap only RM1066 million.
QR will be out next week.
Should worth at least RM5.50 per share.
2 weeks ago
THERE IS A LAND CLEANER & GREENER THAN SINGAPORE: AND LAND PRICES AS LOW AS 3 SEN SINGAPORE PER SQ FEET: WHERE TO FIND?
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-06-23-story-h-158783703-THERE_IS_A_LAND_CLEANER_GREENER_THAN_SINGAPORE_AND_LAND_PRICES_AS_LOW_A
1 week ago
30 more Data Centres in the pipeline in johore n plus highway expending price of land will appreciate more.
1 week ago
Manipulators purposely sell down to create anxiety. If you notice the charts, one day up, next day, shorties will push down price. With very good quarter result going to be announced very, very soon, Good price to buy as it is undervalued. For qtr 1, ending 30/4 /2024 , Annual Report stated they have already received more than 300 million on no of shares of 280 million only !! So price will definitely shoot up when Eps is very high, maybe above RM1, and declares Hefty Dividend as what they did recently giving 18 cents. Many have bought at RM 3.80 and holding for the good News !!! Crescendo has 2,500 over acres being developed as in their Annual Report. !!! Buy and dont sell . TP is above RM 4/.
1 week ago
@investor77
I think so too, just look at yesterday’s closing session bidding, very obvious someone downplaying the market, and IMO recently definitely there is ppl keep buying at underpriced value that is under 3.7, press done and buy.
1 week ago
Can someone kindly please let me know what is the one time gain which resulted in this 1st quarter unbelievable high net profit. Is it due to the sales of lands?
1 week ago
Q1 result Crescendo made 103 sen per share. Q2 result will be rm 250 million (83 sen per share) to rm 347 million (or 113 sen per share) if land sales to Digital Halo can complete by July. Not to forget still got 48 acres of industrial land in NCIP listed for sale.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3459677
"Barring major geopolitical uncertainties and economic headwinds, the Board is positive and confident of the prospects of the Group's upcoming new property development and anticipates that the Group will be operating at optimum capacity in the coming years. Based on the committed property sales of RM486 million as at 25 June 2024, including land sales at NCIP of RM335 million out of which RM219 million has already been completed to date, the Board expects the Group to have an exceptional year in FY2025."
1 week ago
No more the same animal it was less than a year ago. Deserves a re rating and much higher valuation.
1 week ago
If we minus the net profit from the data centre land sales, we still have 289.03 - 80.83 = 208.20 net profit. It should hit limit up tomorrow.
1 week ago
There are still payments that is yet to go into account as well, so next quarter should be fantastic as well, since no point keeping so much cash, another big dividend is highly possible year end , as per norm.
Tomorrow/next week price should start going up, unless too much ppl take this chance to dump 🙄 then it might dip again like last land sale.
Anyway I’m for medium-long term for this counter, might not find a good chance to buy in again at my old price , so I’m keeping it for now .
1 week ago
Land sales lift Crescendo’s net profit to record high of RM289 million in 1QFY2025
KUALA LUMPUR (June 27): Land sales in Pulai, Johor, totaling RM219 million to data centre operators have boosted Crescendo Corp Bhd’s net profit to a record high for the first quarter ended April 30, 2024 (1QFY2025).
The property developer’s quarterly net profit jumped by 22 times to RM289.03 million from RM13.2 million a year earlier. Earnings per share ballooned to 103.44 sen from 4.73 sen. Quarterly revenue rocketed to RM527.28 million from RM58.34 million driven by its property development and construction division.
This marks the highest ever earnings for the Johor-based property developer since its listing in 1997, driven by its land disposals for data-centre related activities.
“Based on the committed property sales of RM486 million as at June 25, 2024, including land sales at Nusa Cemerlang Industrial Park of RM335 million out of which RM219 million has already been completed to date, the board expects the group to have an exceptional year in FY2025,” said Crescendo.
https://theedgemalaysia.com/node/717105
1 week ago
Crescendo's net profit soars to RM289mil in 1Q from data centre land sales
https://www.thestar.com.my/business/business-news/2024/06/27/crescendo039s-net-profit-soars-to-rm289mil-in-1q-from-data-centre-land-sales
1 week ago
Impending huge dividend and/or bonus issue is a matter of when not if. I know bonus issue is gimmicky but it has its merit for a small cap growth company like this.
1 week ago
lol too much ppl dumping and it plummeted, it’s fine, let it drop , I hope can drop to a heavily discounted point then can find timing to buy in, as next quarter gonna be fantastic
I hope institutional fund manager don’t come in, or else the price will go up leaving no chance for cheap price. Because we all know how much they love dividend and it seems like big dividend is on the way
1 week ago
Looking at the past history, next dividend payment will declare on 27 Sept. Very likely it will announce 30 sen dividend (5 sen interim + 25 special dividend). We noted Crescendo is very generous to shareholders and never fail to reward when it is making good money just like Paramount.
https://klse1.i3investor.com/servlets/stk/annent/6718.jsp
1 week ago
I wonder will the bankers come in anytime when the price bottoms , then buy , as I know the fund managers they like shares with good dividend, then they can promise their clients certain % of returns on the fund they manage, since this counter will be giving excellent dividend soon.
1 week ago
They want but not able to due to small cap and low liquidity. Which is why should do a more than justified bonus issue to increase their share capital. Win Win.
1 week ago
@lionel Messi
If I remember correctly , I think some banker do hold quite a large portion of their share. Wouldn’t be surprised if they decided to expand it
1 week ago
@Davel
Not many on the top 30 shareholders list. Even if they want to increase, not easy as there are just not much supply. Can't buy a lot without moving the share price.
1 week ago
@lionel
Ya true also, let’s see how this plays out, still sometime to go before year end , hope it drop somemore 😂
1 week ago
Abnormal dropping. Latest QR EPS=100cents or RM1. Next QR earning is expected to be great too as still got a lot of unbilled sales.
1 week ago
Really wonderful for serious buyers of the stock. With fundamentals like this, the cheaper the better.
1 week ago
Good news for Crescendians, it closed on support of the trendline
https://www.tradingview.com/x/t6jIyPt0/
1 week ago
Thanks for sharing. Great news. Time to accumulate. Low risk high dividend investment. Can sleep peacefully.
5 days ago
Johor property esp JB and its nearby area are booming, and also the best booming area in Malaysia. Also, CRESCENDO is willing to share profit with minority holder. I think can earn some more good money in this stock.
4 days ago
Great observation @Invest_888. Not many listed companies are willing to share their cash pile with minority shareholders.
4 days ago
with all the cash earned from land sales and more to come, company shd issue bonus div... could this be possible and if yes.... EPS was 103c and 90% was from land sales, therefore bonus div shd be 90% x 103c = RM0.93 :-)
3 days ago
Chairman's statement :
"In light of this demand, our Group is gearing up to launch a serviced apartment project in the latter half of FY2025. This project will encompass approximately 1,200 units and boast a gross development value (“GDV”) of RM1 billion. Situated along Jalan Senyum, in close proximity to the RTS terminal at Bukit Chagar, this development aims to cater to the burgeoning market needs. "
Look for similarity and compare logical thinking with video clip below:
https://www.youtube.com/watch?v=klecLTkvc44
2 days ago
Finally market is beginning to appreciate its fundamentals. Better late than never.
9 hours ago
Tomorrow chartist will tell you it's a bullish buy signal. Frivolous exercise. Belakang mari. Smart after the fact. Mumbo jumbo.
8 hours ago
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lionel messi
Ya, they only pay once a year. Hope they will increase the frequency.
2 weeks ago