CRESCENDO CORPORATION BHD
KLSE (MYR): CRESNDO (6718)
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Last Price
3.61
Today's Change
+0.16 (4.64%)
Day's Change
3.45 - 3.66
Trading Volume
1,236,200
News and Blogs
Discussions
2 people like this. Showing 50 of 434 comments
Not if they bought it cheap before 😂 maybe those that keep selling out one is they bought around this price before ? 🤷🏼♂️
Or they cannot wait for year end fly again , weaker holding power .
In my opinion if u bought it at 3.5 or above, instead of sell and making a loss, just hold until next dividend time, sure go up again . You can regret once but don’t regret twice.
1 week ago
keep until next year price may double again.... they will launch project next to RTS station
1 week ago
The GDV project that next to RTS station is very important. How about the profit after tax?
1 week ago
U got to ask yourself whether many vacant lands surrounded RTS? And whether buyers willing to pay high price to own units at that area that walking distance to RTS
1 week ago
drop with low vol..flush out weak holder? sold half 3.8x area..wait to buy back at 3.2x area..posible?
1 week ago
TSH RESOURCES VERSUS UEMS, KSL & CRESCENDO, Compare & Contrast Their ASSETS VALUE & Potential, Calvin Tan
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-05-06-story-h-181959240-TSH_RESOURCES_VERSUS_UEMS_KSL_CRESCENDO_Compare_Contrast_Their_ASSETS_V
1 week ago
someone keeps on dumping the share, push up the price for few ticks then dump again. It still not the right time to buy in
1 week ago
Yea agree with u, ever 10 cent there’s a kastam, and linger around there for sometime before actually dropped below it when they finally given up sentimental value to it 😬
1 week ago
6,605 lots are queueing at 3.45. Likely the stock is temporary pressed at low price for their collection.
1 week ago
@Daveunvest - there are 6,605 lots with 8 queues at price 3.45.
Who else has such money at RM 2.28 mil? absolutely it's not retailer, but market players.
If my prediction is correct, Crescendo will back to above 3.45 soon.
1 week ago
Make sense, problem is whether it will go down somemore or not before it go back up, maybe yes maybe no, nobody knows 😂
Market is more to human sentiments psychology than actual company’s potential
1 week ago
someone shd do a 50MA against 10MA movement tech analysis...... to gauge the bottoming before deciding... any tech analyst here?
1 week ago
@newuser999
That guy is at it again now , push up abit then dump, then push abit again. I wonder how long he can keep up with this play 😂
The dropping trend might continue, as some banker previously forecast 3.2 after dividend, i thought the lowest will be 3.4 but apparently I’m wrong
1 week ago
@ Raymond Tiruchelvam
Technically, the trend breaks 10 MA an 20 MA. It always not a good sign for a stock which breaks 20 MA. However, the good thing is the volume is less than 1 million in past 4 trading days. No change in fundamental.
1 week ago
@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
@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
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
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 🤔
6 days 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.
6 days 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 😬
6 days ago
Paragon Globe is a better data center counter now. RM200 million market capitalisation sell land RM200 milllion. The whole company is free
6 days 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.
5 days ago
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.
5 days ago
Yea I tink so too, 88 volume for first half only. Going into deep sleep maybe 😴
4 days ago
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 ?
3 days ago
5/6 of the queue at 3.45 yesterday was traded, left 945 lots. Looks likely Cresndo will break this resistance today.
19 hours 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!
12 hours ago
looks like my anticipation is correct based on buy-sell queue.
next resistance - 3.69, 3.91, 4.08
10 hours 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
7 hours ago
Hopefully remaining 75 acres can sell at rm 150 psf to more DC operators within next few months.
7 hours ago
Aiming at 4 ringgit tomorrow. 6 ringgit is achievable premised on intrinsic value of 9 ringgit.
6 hours 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.
3 hours ago
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Those with 3 mil Cresendo shares will cry today
1 week ago