CRESCENDO CORPORATION BHD
KLSE (MYR): CRESNDO (6718)
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Last Price
3.58
Today's Change
-0.07 (1.92%)
Day's Change
3.45 - 3.64
Trading Volume
937,800
Overview
Market Cap
1,004 Million
NOSH
280 Million
Avg Volume (4 weeks)
720,147
4 Weeks Range
2.61 - 3.68
4 Weeks Price Volatility (%)
90.65%
52 Weeks Range
1.13 - 3.68
52 Weeks Price Volatility (%)
96.08%
Previous Close
3.65
Open
3.64
Bid
3.57 x 17,100
Ask
3.58 x 4,900
Day's Range
3.45 - 3.64
Trading Volume
937,800
Financial Highlight
Latest Quarter | Ann. Date
31-Jan-2024 [#4] | 27-Mar-2024
Next QR | Est. Ann. Date
30-Apr-2024 | 28-Jun-2024
T4Q P/E | EY
17.54 | 5.70%
T4Q DY | Payout %
5.01% | 88.14%
T4Q NAPS | P/NAPS
3.50 | 1.02
T4Q NP Margin | ROE
16.82% | 5.82%
News and Blogs
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Company Profile
Description:
Crescendo Corp Bhd through its subsidiaries is engaged in the development of industrial, residential and commercial properties and letting of undeveloped and unsold properties; and building construction among others. The group comprises the main business segments: Property development and construction; Manufacturing and trading; Property investment; and Education, management services and others. The company operates only in Malaysia.
Discussions
2 people like this. Showing 50 of 316 comments
Crescendo net profit 20.42 sen, dividend declared 18 sen. This does not include land sales estimated net profit 312 million.
What will be the share price when it open for trade on Friday?
Very important point to note is the integrity of Crescendo Directors, Auditors, senior staff dealing with accounts and finance. No insider try to profit from this stirling set of results and propose dividend. Good management, credible, efficient, professional and staff with integrity.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3434290
2 weeks ago
Crescendo declares special dividend as earnings surge to seven-year high
(March 27): Property developer Crescendo Corporation Bhd on Wednesday declared a special dividend as earnings surged to a seven-year high on the back of rising home sales and high margin industrial land disposal.
The company expects to “perform well” in FY2025 as the land sales in Nusa Cemerlang Industrial Park will gross RM545 million and allow the company to book an estimated gain after tax of about RM310 million upon their completion in FY2025.
Within the next one year, the company plans to launch 167 units of mid- to high-end market landed residences at Bandar Cemerlang and 57 units of shop-offices at Desa Cemerlang with a total gross development value (GDV) of RM237 million, it noted.
Further, Crescendo will begin the main infrastructure work of the industrial park at Bandar Cemerlang in FY2025 “as we plan to launch the first phase for sales within the next three years,” Crescendo.
Crescendo also plans to launch 1,200 units of serviced apartments near Bukit Chagar with a total GDV of about RM1 billion in the second half of FY2025.
The company turned around in the final quarter of FY2024 with net profit of RM21.61 million from a net loss of RM3.64 million in the same period a year earlier.
Revenue for the quarter tripled year-on-year to RM120.11 million from RM39.27 million.
In Nov 2023, the company signed two separate agreements to sell freehold vacant land for a total of RM117.02 million. Crescendo completed another deal to sell land for RM315.17 million in the same month.
https://theedgemalaysia.com/node/706187
2 weeks ago
CRESNDO, the # 1 property stock on Property.Theme.Play in DC Biz
Property.Theme.Play in JB is back, driven by DC, the best biz in the world now.
lead furiously by its top stocks;
Sunway
https://www.tradingview.com/x/EtrWIcCa/
n then
Ecowld
https://www.tradingview.com/x/lbHVMuTd/
Uems
https://www.tradingview.com/x/aJ3mP27N/
VS
Cresndo, on early sign of recovering from its CN, Correction,
https://www.tradingview.com/x/A3pIV6UR/
+++++++++++++++++++++++++++
3 weeks ago | Report Abuse
CRESNDO
has a v high intrinsic value as high as $9 as presented by analysts.
being an A1 stock in the property sector, it would likely be the next ytlpowr in the making n MORE...
its location pt on its fin mountain is like ytlp at 1st peak of 2.24 then on Sep 20th, 2023,,
On an imminent grand BO, it becomes derisk = zero risk. it should then be on route to ytlp's 2nd peak of 4.24 n ++.
EW Theory tells its future TP i.e.
MAJOR C = or > MAJOR A
n is located at $4.55 n + overshoot.
https://www.tradingview.com/x/kGNXUhOE/
https://www.tradingview.com/x/Fmku6T1k/
Cresndo sold 100 acres of land to CINA DC, SIN DC n MSFT DC at high prices totaling $543 million cash.
its mkt cap now is so low VS its VALUE n cash on the book.
it still has large annex land of 102 acres, for DC development on that Pulai plot after selling half away.
its land at Pulai is nearer to Forest City than Kulai.
all foreign tech experts will stay only at F City with SFZ status, to enjoy the max 15% income tax.,.
https://klse.i3investor.com/web/blog/detail/bursastocktalk/2023-12-12-story-h-212493122-CRESNDO_Potential_Beneficiary_of_Data_Center_JB_Singapore_RTS
https://www.cnbc.com/2024/03/18/saudi-aramco-ceo-says-energy-transition-is-failing-give-up-fantasy-of-phasing-out-oil.html?&qsearchterm=Aramco%20CEO%20Nasser%20Says
https://klse1.i3investor.com/blogs/savemalaysia/2024-03-21-story-h-185649382-Digital_economy_proposed_sector_of_focus_for_Johor_Singapore_Special_Ec.jsp
++++++++++++++++++++++++++++++
He added that Johor has also witnessed the rapid expansion of the data centre industry in the past two years.
“At the moment, we have four DC, data centres that are up and running while 10 more are in various stages of construction and another 14 more are in various stages of discussion with the state government and federal government," said Lee.
++++++++++++++++++++++++++++++
https://klse.i3investor.com/web/stock/financial-quarter/6718
just declared a total dividend of 18 sen ex date on April 24th, 2024,
https://theedgemalaysia.com/node/706187
2 weeks ago
Another rm 117 million is coming by next week. That will boost Crescendo share even higher.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3430853
2 weeks ago
A simplistic approach based on last Q's result would be 8 cts x 4 = 32 cts x PE of 12 = 3.84.
A TP of RM 3.80, I recon is a conservative TP.
On a more upbeat approach would be - factoring in fantastic profits from various parcels lands sold to Multinationals to build DCs - a TP of RM 4.50 is reasonable.
Above all, this company is generous when it comes to sharing profits ( vis dividends) unlike other Property companies.
Just my 2 cents ya.
2 weeks 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
Crescendo will report exceptional good Q1 result by Jun with rm 312 million extraordinary gain from land disposal.
May have good news in coming month for additional disposal of 100 acres for another rm 500 million.
1 week ago
likely special div in coming quarters also due to huge gain from disposal of lands to data centre operators
1 week ago
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
1 week ago
We also expect proceed from land sale to STT GDC rm 117 million to come in by tomorrow.
1 week ago
Property developer Crescendo rises to record high on land disposal
KUALA LUMPUR (April 5): Crescendo Corp Bhd's shares surged to a record high on Friday following the announcement of the Johor-based property developer’s latest land disposal plan.
The counter rose as much as 5.86% to RM3.25 during Friday’s morning session, before paring its gains to RM3.22 by noon break. At RM3.25, the group is valued at RM903.09 million.
Crescendo, through its wholly-owned subsidiary Panoramic Industrial Development Sdn Bhd, has sealed a deal with Microsoft Payments (Malaysia) Sdn Bhd for the sale of a vacant parcel of freehold land spanning 1.1 million sq feet in Pulai, Johor for RM132.47 million. The group expects to realise a net gain of RM80.83 million from this recent proposed land transaction.
https://theedgemalaysia.com/node/707117
1 week ago
First TOD by Crescendo going to take place in second half of this year. Land acquisition completed for 72 million.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3436523
The Group plans to launch 1,200 units of serviced apartments which are located within the vicinity of the RTS terminal at Bukit Chagar with a total GDV of approximately RM1 billion in second half of FY2025.
Taking 30% gross pretax profit, that is rm 300 million. So cost of development inclusive of land is rm 700 million. Land cost is about 10% of capital outlay is very very low. Normally for highrise, it should be 15 to 20% of the development cost.
1 week ago
Crescendo, the next YtlPower ? Land sales makes good profit, like TSH. Bulugan sales Cresndo 500 mil , plus another 100 over million will make shares jump. !! Anyway, like OTB says, third wave of EW theory for YtlP is very powerful. Can overcome ATH of 4.24.
1 week ago
JB BEST PROPERTY STOCKS
Estate land is selling not in acres but in real life of high $120 per sq ft.
this is unbelievable yet certainly TRUE.
1 acre = 43,560 sq ft
SIN gov is the world cleverest.
it charms n attracts all the top giant high tech co to SIN island.
Best biz now in DC is causing extreme pressure to SIN's entire system of power n water supply.
Recently its property prices n rental rate r 1 of the world highest.
SIN gov knows too well that JB only can help n JB is doing all possible as the lovely JV partner.
JB property stocks with grand old well located land r the best to high speed success.
CRESNDO is proven the 1st best now for selling land to 3 top DC co totaling $543 mill + $132 mill cash to MSFT again this week.
KSENG, once known as the value trap stock since the last 25 yrs ago, is an A1 super bullish stock.
These 2 stocks have ultra high intrinsic values awaiting for the mkt to recognize them asap...
https://www.tradingview.com/x/o2IZtR4D/
https://www.tradingview.com/x/ySeHvDNF/
https://klse.i3investor.com/web/stock/financial-quarter/6718
https://klse.i3investor.com/web/stock/financial-quarter/3476
https://klse1.i3investor.com/blogs/purebull/2024-03-23-story-h-185591883-The_1_property_stock_on_Property_Theme_Play.jsp
1 week ago
Big dividend coming while stock is surging! One of the gem property stocks in bursa no doubt.
1 week ago
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.
1 week ago
I heard Crescendo got more land to sell to DC. Likely another billion revenue and 50 sen dividend
1 week ago
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
1 week 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!
1 week ago
The earlier you make full payment, the soonest you can start your Data Center. Early bird gets the worm !
1 week ago
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
6 days 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.
4 days 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.
4 days 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
4 days 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
4 days 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.
4 days 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. :)
4 days 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
3 days 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 day 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
21 hours 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
21 hours 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
17 hours ago
This boss support his share price well unlike uem sunrise and sp Setia
1 hour ago
Felix886999
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Fantastic results and a generous dividend of 18 cents per share. Hallelujah!
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