KLSE (MYR): CRESNDO (6718)
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Last Price
3.77
Today's Change
-0.11 (2.84%)
Day's Change
3.70 - 3.86
Trading Volume
563,500
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: PROPERTY PROPERTY
Subsector: PROPERTY PROPERTY
Index Group: PROPERTY PROPERTY
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: No No
IDSS Flag: No No
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.
No. 1, Jalan SS 20/27 Unit 203, 2nd Floor, Block C, Damansara Intan, Petaling Jaya, Selangor Darul Ehsan 47400, Malaysia
+60371182688
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.
2 weeks 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. :)
2 weeks 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
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.
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
6 days ago
18 sen dividend goes ex this Wednesday. Then Crescendo will receive rm 111 million from Chinese company by end of the week.
5 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...
5 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.
5 days 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 !!
4 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 ..!!
3 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
3 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 !!
3 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.
3 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 🍻
1 day ago
If war getting worse no one want to buy land and the price will become zero ⬇️🩸nuclear war 💥💥💥
1 day 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 🤨
1 day 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 ?
1 day 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.
1 day 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
1 day 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
1 day 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 😂
1 day 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.
1 day 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.
1 day 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.
1 day ago
Just now dropped to RM3.70 which is good price for buying. Yet, too late to grab it.
19 hours 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 👌🏻
11 hours ago
KarmaHITSks55Family
THE STAR ,27 APRIL 2024 ,SATURDAY;⚰️⚰️
Malaysian police launch attempted murder-suicide probe after father killed and wife, 48, critically injured by fall.
Malaysian police are probing a suspected attempted murder-suicide after a father died and his 48 year old wife was injured when they plunged from Petronas Twin Toweers in Kuala Lumpur.
The investigation was launched after the man, 62, believed to be the ex convicted General Manager of Amsteel who goes by the pseudonym ks55 @ ks55 in i 3 investment forum , and the wife Felix888999 aka Pusing Queen , both MALAYSIAN identity card holders, were found unconscious with serious injuries in an alley next to Petronas Twin Towers at around 9.30pm on Friday.
Chief Inspector Koon Yew Ying of the Kuala Lumpur district crime unit said an initial investigation suggested the father had taken his wife to the Observation Deck of Petronas Twin Towers on the 86th sixth floor and thrown the wife from the building, before jumping off himself.
Following initial investigations, police have found that the father ks55 was addicted to gambling on Bursa, bore mounting debt and ended up choosing to commit suicide with his wife,” he said.
The star reporter visited a few investment forum and discovered that ks55 and wife Felix888999 had betted against YTLP going up and even went to the extend of launching PERSONAL ATTACKS on good faith sifus calling a BUY on YTLP.
Both ks55 and Felix888999 had been cursed for telling lies and untruths and launching personal attacks on others...that they will be knocked down by a car.
Instead ks55 chose suicide and murder to end their LOSING WATER FACE by killing themselves.⚰️⚰️
0 seconds ago....mmm
11 minutes ago
ConstructionMinion
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
2 weeks ago