CRESNDO (6718): Company Meetings

Crescendo has always been generous in rewarding shareholders- that's beauty of Crescendo unlike some companies that only reward their Directors. Keep it up Crescendo and Kudos the the fantastic management in creating value for the shareholders.

2 weeks ago

I heard Crescendo got more land to sell to DC. Likely another billion revenue and 50 sen dividend

2 weeks ago

how bout KSL

2 weeks ago

KSL is a very profitable company.

2 weeks ago

calvintaneng

AN INTERESTING DISCOVERY: WHY MR GOOI SEONG GUM (DIRECTOR OF KMLOONG & CRESCENDO) BOUGHT 3 MILLION RSAWIT SHARES IN YEAR 2020, By Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-04-09-story-h-184552044-AN_INTERESTING_DISCOVERY_WHY_MR_GOOI_SEONG_GUM_DIRECTOR_OF_KMLOONG_CRES

2 weeks ago

We also expect proceed from land sale to STT GDC rm 117 million to come in by tomorrow.
04/04/2024 7:02 PM

Have been waiting for this money to come.
When is the Singapore company going to pay?
Why take so long?
Microsoft can pay 2 weeks after all paper work were in order, but Singapore company is a bit slow in payment.
Better improve your efficiency STT GDC and be a good paymaster!

2 weeks ago

The earlier you make full payment, the soonest you can start your Data Center. Early bird gets the worm !

2 weeks ago

PureBULL ...

Position Well For The BIG WAVE In JB

The over-flowing of wealth from SIN island is fast making JB, the place for high growth n high speed success...
GO after the top happening stocks in DC related, we must.

https://www.youtube.com/watch?v=nLhD053d7ZY&ab_channel=ChronTen

2 weeks ago

Around RM3.50 and can only be RM4.50 maximum ?

1 week ago

troy88

Very bullish. Otw to RM4

1 week ago

Crescendo has landbank 2600 acres @ 113,256,000 sqft in JB.
After sold lands in November last year and recent 4th of April (two times to Microsoft Payment) which totaling 5,589,537 sqft, the landbank balance is still as high as 107,666,463 sqft.

1 week ago

Crescendo said the disposal consideration was negotiated on a "willing-buyer willing-seller" basis, means "buy it or leave it", no bargaining power from buyer.

1 week ago

Both lands sold to Microsoft Payments at total price RM 447,640,000 with total land size 3,726,380 sqft, which is RM 120 per sqft.

Current landbank of Crescendo = 107,666,463 sqft. Premised on 1 sqft = RM 120, the value of landbank = RM 12.92 billion

1 week ago

Nice moving up today.

1 week ago

Cannot be. Paragon and Eco World just got their land cheap

1 week ago

Where else can Cresendo sell to Microsoft? I remember also KSL said his land worth RM600 psf. I heard when negotiate with Microsoft, Cresendo is like little mouse. They want to sell RM300psf but microsft said RM120psf take it or leave it

1 week ago

Mah Sing Group Bhd’s wholly owned subsidiary Venice View Development Sdn Bhd has entered into a conditional sale and purchase agreement to acquire 40.4686 hectares (100 acres) for RM103.75 million.

Located in Johor, the site is about 400 metres from a June 2023 purchase of 30.63 ha (75.7 acres) known as M Tiara.

1 week ago

@ConstructionMinion: Thanks for the input. I just bulat2 calculate based on news. Even if at RM 120 per sqft, the sales value is substantial too.

Hope to get more input and pointer from you. :)

1 week ago

Don’t think every plot can sell RM120 psf. Annual report also got expected net land so around 50% willl be road and green area.

Also ulu Tiram if can be RM50 psf already very power. See SP Setia land deal RM13 psf

1 week ago

furthermore, pls expect some suppliers might buy land next time datacenter to provide their services and products ya.. RM120/ sqf is fair price

1 week ago

Finally rm 117 million received. Land sales to STT GDC completed today.

The Board of Directors of CCB wishes to announce that the Completion Date as defined in the SPA 1, being the date on which the Balance Purchase Price is paid to the Vendor’s Solicitor as stakeholder in full, is 15 April 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3438092

1 week ago

Wow Crescendo swimming in CASH.

1 week ago

Will receive another rm 111 million within April. All land disposal should complete by this month.

"The Board of Directors of CCB wishes to announce that its wholly-owned subsidiary, PID, as the Vendor, has on 15 November 2023 entered into a Conditional Sale and Purchase Agreement with Yu Ao Sdn. Bhd. (Registration No. 202301029352 (1523275-W), as the Purchaser, for the disposal of all those nine parcels of freehold vacant lands for a total cash consideration of RM110,997,982.50. "

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3399658

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 2 April 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3435719

1 week ago

First disposal - RM 117 million
https://www.sinchew.com.my/news/20231107/finance/5110895

2nd disposal - RM 111 million
https://www.sinchew.com.my/news/20231115/finance/5127803

3rd disposal - RM 315 million
https://www.sinchew.com.my/news/20231117/finance/5132752

4th disposal - RM 132 million
https://theedgemalaysia.com/node/707039

1 week ago

This boss support his share price well unlike uem sunrise and sp Setia

1 week ago

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.

6 days ago

rm675m is from disposal of 1++ acres only, on hand still have prime lands 2400 acres 😄

6 days ago

jjptr congras making more than 400%... my cost is much higher

6 days ago

RM4 soon..

6 days ago

What is the news

6 days ago

kyzertai

big dividen ex date approaching . that reason price up up up

6 days ago

Great movement.

6 days ago

Rich boss got richer

6 days ago

turbochart

Should I cut gain 2k below 3.8?

5 days ago

Bullstocks888

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 !!!

5 days ago

Bullstocks888

Taken from YTLP forum

5 days 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

4 days 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

4 days ago

Sslee

It is more luck than anything else that the land is now many time more valuable due to high demand spill over from Singapore

3 days ago

18 sen dividend goes ex this Wednesday. Then Crescendo will receive rm 111 million from Chinese company by end of the week.

3 days 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...

3 days 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.

3 days ago

very likely next announcement will declare special div also.

2 days ago

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 !!

2 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 ..!!

1 day 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

1 day ago

investor77

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 !!

1 day ago