CRESNDO (6718): Financials Summary, Key Results, Growth

Cresendo jump up.... 🚀 🚀 🚀
Hot! Very hot!!! 🔥
On fire!
Any good news?

1 month ago

investor77

Now, pullback, before resuming Uptrend ? Hope will go to RM 1.50 , adjusted price after the 2 to 1 Split. Same owner with KMLoong, and if you notice, KMLoong is on Uptrend and gave further dividend of 5 sen. So hope in Dec when quarter results out, will give another big Dividend, maybe 6 sen again ??

1 month ago

https://www.thestar.com.my/business/business-news/2024/11/21/sdp-records-all-time-high-9m-revenue-profit

Property developers are having record profit since last property boom. Paramount is riding this wave very well with 1.4 billion unbilled sales. Most of its properties are at the middle of ogive graph and give rise to highest sales to revenue conversion rate.

Paramount is due to announce its latest QR by 25 Nov. Stay tune.

As for Crescendo, still waiting for payment for the last land deal. Profit from that land deal amounts to 7 sen per share. Couple with profit derived from normal business and rental income from its 17 factories in NCIP, profit for quarter ending Oct 2024 should not be less than 10 sen per share.

1 month ago

YTLP share price doesn't look good. Going to breach 3 ringgit again. It may go down to 2.50 very soon.

1 month ago

calvintaneng

stay safe in 🌴

Director Gooi Seong Gum of Crescendo did what?

see

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-11-26-story-h474819095-RIMBUNAN_SAWIT_5113_PALM_OIL_JEWEL_ITS_DEEP_VALUE_ASSETS_RIPE_FOR_SALE_I

3 weeks ago

investor77

Coming October result, as per recent Qtr report, sales of 260mil + 116 million will be accounted for . Annualized result as in i3 investor is estd Eps of 100 sen, , meaning a PE ratio of 1.3X !! With that amount of land sales, Estd Net profit for the 3 rd Qtr can be around 150 million. That is why Chairman says- this yr ending Jan 2025 will the most Fantastic result for the Group. !! Hope will give Bumper Dividend as they are not Stingy as can be seen in giving Extra Div for KMLoong, sister company. By then price will exceed Rm 1.50, price before Split of 2 for 1. Still don't know why this Share is Overlooked by most Investors !!! Can be a profitable share what with Industrial land sales and property deelopment ,- Apartments near the Johore RTS!!!

2 weeks ago

Crescendo selling another 18 acres in NCIP for rm 120 million, or m 150 per sf (rm 6.5 million per acre), net profit is rm 62 million or 7 sen per share.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3507433

2 weeks ago

Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is selling more land for the development of data centres in Johor, this time for RM120.06 million in cash.

In a filing with Bursa Malaysia, Crescendo said it signed an agreement with Data Cloud Innovation Sdn Bhd (DCI), a wholly owned unit of UK-based Magma Holding Company Ltd, on Friday for the sale of five plots of freehold vacant land in Iskandar Puteri.

Cresendo seals seventh land sale

2 weeks ago

https://theedgemalaysia.com/node/736901

2 weeks ago

Jaks is Better le ..

JAKS Resources to dispose of oil palm land in Penang for RM77.7 mil
By Choy Nyen Yiau / theedgemalaysia.com
09 Sep 2024,

In a filing with the stock exchange, the construction and power utilities group said it is selling four plots of the land to Summersonic Sdn Bhd for RM35.9 million, and the remaining 13 plots to Pacific Arena Sdn Bhd for RM41.8 million.
JAKS Resources said the land located in Seberang Perai Selatan had a net book value of RM15.97 million as of the end of December 2023. The group expects a net pro forma gain of RM50.38 million from the disposal.

2 weeks ago

Hoho ytlp even the Latest QR with Lower Profits… Benjamin Graham Number is ard 3.81..

Why u shy away after cannot reply SWOT analysis facts n figures that u challenged OIB ..🤣

2 weeks ago

Hoho Jaks is Buy Low Sell High … Price RM 0.13 , NTA 0.60 ..

2 weeks ago

Sslee

Jaks how to be better?

Never pay any dividend to shareholders but yearly asking free money from investors and shareholders with PP and RI. And without fall come Q4 big impairment on contract assets and receivables.

Jaks is BUY Low and SELL Lower.

2 weeks ago

Hoho much better than yr promoted Pump n Dump SCIB with TP RM 1.00 by early 2025 years ( The Major over 20 % is on Force Sell ) and Omesti ( 8 consecutive QR r in Loss ) …

2 weeks ago

As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .

>> Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with BOT 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

Jaks Annual Revenue and Net Profit / ( Loss ) :

1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )

2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.

3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.

4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..

5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.

>> 👉3QR : RM 14.1 million with Net Profit RM 22.5 million.

B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).

1.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%

2.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %

3.) QR ended September 2024 :

👉 Revenue : 4.7 million, Profit RM 0.3 million.. 6.38 %

👉👉 Average Profit % for 9 months of 2024 is 10.94 %

👉👉 Average Profit % for Half year 2024 is 13.22 % … compared to Yinson Half year ( February to July 2024 ) FY2025 is 13.85 % ( RE in India )

C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

Update : CRESS is effective from September 2024 after 1 month discussion with industry generators/ players ) .

800 MW CGPP winners can even sell RE electricity cross border.( To Singapore ) .

D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ( with intention up to limit 500 MW ) ….. Land : 1730 acres in Terengganu is leased from TDM .

E.) Jaks :
CAGR : 3Y + 29.9 % TTM + 41.2 %

Yinson :
CAGR : 3Y + 83 % TTM + 31.9 %

2 weeks ago

Hoho someone blowing SWOT analysis in YTLpower but asked to provide facts n figures.. surprised that he posted how to provide !🤣

Then he shouted run for yr Lifee in investing… better don’t touch le !🤣🤫

2 weeks ago

Buying Crescendo is a sure win.
Buying YTLP is like buying Tai Sai in Genting.
Your money.
Your choice.

1 week ago

Sslee

Isn't selling land to report big profit a one off event?
After selling all the land and without profit from land selling what will be the normalized PAT?

Just wonder why all IBs have buy call on YTLP?

Buying jaks is like ikan billis swimming with sharks sure telan by sharks

1 week ago

Hoho the Konartist is still blowing here ke .. Jaks is much better than yr promoted Pump n Dump SCIB ( blowing TP RM 1.00 by early 2025 ) and Omesti !!!

YTLpower??? >> Too many hidden risks :

1.) Kulai DC Green Park : Update ???

2.) PowerSeraya: 2 Power Plant with Total 2920 MW going to be phase out due to service life starting 2026 to 2031 .

3.) Wessex : Recent QR with Profit is due to Tariff Hike but need to pump in Capex ard RM 20 billion over 5 years .

4.) Just today news .. TNB signed with Sembcorp Power Pte Ltd for supply of 50MW renewable energy to Singapore.

1 week ago

Selling at rm 6.5 million per acre.

Posted by ks55 > May 14, 2024 1:32 PM | Report Abuse X

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!

1 week ago

Posted by ks55 > May 14, 2024 6:50 PM | Report Abuse X

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

1 week ago

Where is the location of the latest land sale?
Look for those lands (5 lots) on the left side of land marked green on page 11/50
https://crescendo.com.my/core-files/uploads/2024/05/CCB_Analyst-Briefing-2024-Q4_Final.pdf

1 week ago

From Google Map, the lands are at the left side of Professional Testing Services Sdn Bhd. You should also take note Unibase Precast land (about 30 acres) is not included in the 75 acres mentioned above. Easily relocate to Jeram Batu and the land can be put into better use.

https://www.google.com.my/maps/@1.4458942,103.6071027,1414m/data=!3m1!1e3?entry=ttu&g_ep=EgoyMDI0MTIwNC4wIKXMDSoASAFQAw%3D%3D

1 week ago

Anyway, I have great confidence in Crescendo's business model, Directors' integrity and professionalism. I am with the company to see how my money grow every quarters.

1 week ago

Bullkobear

Total Treasury Shares
3,716,400
Special dividen like Kossan ... Harta ?

1 week ago

Cresendo 1.45/1.46
Go...go..go...
Hopefully give us good dividend soon?

1 week ago

More SBB today. Crescendo is grossly undervalued. Today may close at 1.50

1 week ago

"Investment Highlights
• We initiate coverage on Crescendo Corp with a fair value of RM3.50/share on a 45% discount to our NAV of RM6.36/share. Johor-based Crescendo is the premier developer of industrial property in the state.
• We forecast core earnings to accelerate from RM56m in FY13 (Jan) to RM85mil in FY14F, and rising by a CAGR of 34% to RM134mil in FY16F. This robust growth is underpinned by sustained strong demand for its flagship Nusa Cemerlang Industrial Park (NCIP: 523 acres) where it has already pre-built RM220m of industrial property ready to launch.
• Crescendo offers an attractive direct leverage to the ascendancy of industrial property in Johor where the relocation of SMEs from Singapore would accentuate demand expansion. As it is, SMEs from Singapore account for 56% of its sales at NCIP.
• The entry of Singapore's industrial park developer Ascendas (via a JV with UEM Land) to develop Gerbang Nusajaya – located next to NCIP, would further underscore newsflow momentum by broadening the clientele base.
• NCIP aside, Crescendo would also be fast tracking the development of its new industrial project – Bandar Cemerlang (1,300 acres), where it is setting aside some 500 acres for industrial property. Maiden launch is expected by 1H 2014. The imminent launch of Bandar Cemerlang would more than double its presales of industrial property, currently coming from NCIP and Taman Perindustrian Cemerlang (TPC).
• This aside, Crescendo also has one strategic parcel of land within the Tebrau area (CLSB: Sg.Rekoh) where the development potential is very high due to its highly populated catchment areas. Reclamation works for this 222-acre site is expected to complete year-end.
• We are forecasting its presales to surge from <RM200mil in FY13 to at least RM500m in FY14F and RM700m in FY15F, consistent with management presales target of RM1.2bil over the next two years. This is supported by high pre-tax margins of ~40% for its industrial properties.
• Balance sheet is strong with FY14F net gearing of just 8%. Crescendo has a decent dividend policy of 30%. At current levels, its dividend yield is forecast at 5%-6%.
• Valuation is very attractive from both the earnings and assets standpoint. It is trading at 10% discount to its historical book value of RM3.05/share, and a deeper discount of 57% to our NAV of RM6.36/share. FD FY14F16F PE is only at 6x-9x, with EPS CAGR of 34%. "

Above is an extract from AmResearch by Hoy Ken Mak on 8 May 2013. Good to read the whole report to get better understanding how Crescendo performed over the past years. Bearing in mind NCIP land was valued at rm 18 per sq ft since 2013, and the land is now sold for rm 150 per sq ft few days ago.

1 week ago

Just highlight first para and google search and you will be able to get the whole article.

1 week ago

Quarterly report end of month!
Wonder if they are going to announce any dividend!
Easily 70 million profits!

5 days ago

lionel messi

Yes sir you better believe something is brewing. Price creeping up towards quarterly report announcement date. Insiders are mopping up. Major catalyst coming.

4 days ago

chamlo

2025 no more land to sell? Run asap while you can.

4 days ago

Fabien _the efficient capital allocator

Cresendo
Hot very hot!
Why?

@chamlo
Still have 45 minus 16 acres of land listed for sale to data center
This....will sell like hot cakes!
6 th piece was sold at 5 million per acre
7 th piece was sold at 6.5 million per acre
Inflation!
Land assets very valuable!

Still have 2000 acres of industrial land going for sale next year

Bukit Chagar condo near RTS going to be launch soon!!!

On 🔥

4 days ago

Crescendo still have 2591 acres of landbank in Johor, is this number correct? even after latest sale?

4 days ago

@chamlo
Still have 45 minus 16 acres of land listed for sale to data center
This....will sell like hot cakes!
6 th piece was sold at 5 million per acre
7 th piece was sold at 6.5 million per acre
Inflation!
Land assets very valuable!

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

Are you sure left only 29 acres?
Where is the location of the latest land sale?
Look for those lands (5 lots) on the left side of land marked green on page 11/50

https://crescendo.com.my/core-files/uploads/2024/05/CCB_Analyst-Briefing-2024-Q4_Final.pdf

4 days ago