CRESCENDO CORPORATION BHD
KLSE (MYR): CRESNDO (6718)
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Last Price
3.72
Today's Change
-0.05 (1.33%)
Day's Change
3.68 - 3.80
Trading Volume
427,600
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
2 people like this. Showing 50 of 363 comments
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
rm675m is from disposal of 1++ acres only, on hand still have prime lands 2400 acres 😄
1 week ago
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 !!!
1 week ago
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
1 week ago
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
1 week ago
It is more luck than anything else that the land is now many time more valuable due to high demand spill over from Singapore
1 week ago
18 sen dividend goes ex this Wednesday. Then Crescendo will receive rm 111 million from Chinese company by end of the week.
1 week ago
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...
1 week ago
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.
1 week ago
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 !!
6 days ago
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 ..!!
5 days ago
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
5 days ago
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 !!
5 days ago
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.
5 days ago
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 🍻
3 days ago
If war getting worse no one want to buy land and the price will become zero ⬇️🩸nuclear war 💥💥💥
3 days 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 🤨
3 days ago
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 ?
3 days 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.
3 days 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
3 days ago
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
3 days ago
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 😂
3 days 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.
3 days 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.
3 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.
3 days ago
Just now dropped to RM3.70 which is good price for buying. Yet, too late to grab it.
2 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 👌🏻
2 days ago
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).
20 hours 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.
17 hours 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.
15 hours 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 hours ago
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 hours 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 hours ago
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 hours 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.
2 hours ago
This is the STAR NEWSPAPER report about ks55 and Felix888999..you can google and read and please donate some pak kham
KarmaHITSks55Family
THE STAR ,27 APRIL 2024 ,SATURDAY;⚰️⚰️
Malaysian police launch attempted murder-suicide probe after father killed and wife, 48, critically injured by fall.
karma for cheating investors in this counter
1 hour ago
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