KLSE (MYR): CRESNDO (6718)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
2.81
Today's Change
+0.03 (1.08%)
Day's Change
2.78 - 2.81
Trading Volume
326,500
Company warrants are issued by the company and give the holders the right, but not an obligation, to subscribe for new ordinary shares at a specified price during a specified period of time.
Structured warrants are proprietary instruments issued by a third-party issuer, namely an eligible broker or financial institution that give holders the right, but not the obligation, to buy (call warrants) or sell (put warrant) the underlying instrument in the future for a fixed price.
A call warrant is in-the-money when the exercise price is lower than the price of the underlying share.
A put warrant is in-the-money when the underlying share price is lower than the exercise price.
No result.
Crescendo plan to sell further 100 acres of industrial land at Nusa Cemerlang Industrial Park for rm 500 million. If it is for more Data Centres, then the selling price should be even higher than rm 540 million.
" In the second quarter of this financial year, the Group launched about 100 acres of industrial land for sales in Nusa Cemerlang Industrial Park ("NCIP") and it was fully sold through several conditional sale and purchase agreement ("SPA") with a total lock-in sales of RM543 million as disclosed in Note A10. The Group has further launched the balance landbank at NCIP of approximately 100 acres for sales with a GDV of around RM500 million. The Group also intends to commence 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."
2023-12-29 00:07
What can you expect from the following?
"The Board also expects the Group to perform well in FY2025 as the conditional
SPAs for the land sales in NCIP mentioned above will result in an estimated gain after taxation of
approximately RM310 million upon their completion in FY2025."
2023-12-29 00:11
It is the best to sell to a single investor for Data Centre like YTLP's collaboration with Nvidia. Satu kaligus membangunkan Nusajaya sebagai Data Centre for Malaysia.
2023-12-29 10:53
rm5++m for sales of land, remaining 100acres also wan to selling at rm500m.. sell 200 acres can get back more than RM1b ady, what is the current market cap?
2 months ago
Crescendo is always a safe investment for retirement planning. Get 500k Crescendo will be good enough for average retiree to live a comfortable life.
2 months ago
sell 200 acres of their total land bank 2400 acress ady worth more than RM1billion. what is the current market value of this counter ? bal 2200 acres prime land and other assets are free
2 months ago
dun be surprise if the share price surpass rm4.. it is one of the most undervalue counter.. they will be launching project near RTS johor later this year and completion timing will be just nice matching to RTS provisioning date on 1.1.2027!
2 months ago
surrounding RTS link not much prime land ady. i guess this counter project will be high density and not cheap, but will be good demand also. Singaporean can buy also.
2 months ago
inmagine 6 mins from RTS link to SG lo. will you prefer stay near by ? surrounding pricing index reduced by 3.5 times if stay there. earn SGD spend there, convenient also to SG no need traffic jam
2 months ago
One of the three LRTs radiate out from JB Sentral (RTS terminal) will proceed all the way to Impian Hills, passing through Bandar Cemerlang, and has a station at Tebrau City.
Bandar Cemerlang comprises of 800 acres of residential/ commercial development, and 526 acres of industrial park to be launched by 2025. With LRT line planned to pass through Bandar Cemerlang, what is the least you can expect for Crescendo share price? Not to forget 100 acres industrial land already sold for 540 million, and another 100 acres set to sell not less than 500 million.
All in all, sum of parts (SOP) for Crescendo can never be less than 9 ringgit per share.
2 months ago
Based on SOP, Crescendo worth at least 9 ringgit. Buy it and be part of your retirement planning.
2 months ago
https://www.foodiesg.com/archives/67247?fbclid=IwAR23_CjwqECjEM6OgJpfrf1wrLAZ5t-phibbcS3IiLWG25Ovh_EXAD3F7XI
new project gonna launched by the company should be HOT selling
2 months ago
This is call efficiency. Conditional S&P signed on 17 Nov 2023, EGM on 5 Feb 2024, circular out 18 Jan 2024. Expected date of completion before 30 Sept 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3415625
2 months ago
Information on the Purchaser
As at the 10 November 2023, being the latest practicable date of this announcement
(“LPD”), MPSB has a total issued share capital of RM100,000 comprising of 100,000
ordinary shares. MPSB is a wholly-owned subsidiary of Microsoft Ireland Operations
Limited. MPSB is principally engaged in the business of provision of datacentre
services.
UTILISATION OF PROCEEDS includes Funding of ongoing projects:
The proceeds are intended to be used to partially fund the infrastructure and construction cost of the Group’s development project, namely Bandar Cemerlang project.
Bandar Cemerlang consists of 1,390 acres of gross development land near Ulu Tiram which will be
developed over a period of 15 to 20 years into 864 acres of self-contained new township with residential and/or commercial developments and a 526-acre industrial park. It is approximately a 30-minute drive from Johor Bahru City Centre via Tebrau highway & Eastern Dispersal Link
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=142162&name=EA_GA_ATTACHMENTS
2 months ago
Net assets per share of Rm 9.0 upon revaluation.
As majority of the lands have not been revalued for years, and if we assume a net gain of RM600m from the remaining 202 acres of industrial land in Nusa Cemerlang Industrial Park and a RM1b revaluation surplus for its remaining landbank and properties, this will bump up its net asset per share to RM9, versus its current share price of below RM2.80 per share.
The market typically applies a discount on RNAV of property stocks, which could range from 50% to 80%, depending on management quality, dividend yield, earnings and growth potential.
During the Iskandar Malaysia rush 10 years ago, Crescendo's share price surged to RM3.80. I believe we have even more real and sustainable catalysts now to support further appreciation of land prices in Iskandar Malaysia, including the RTS and data centers.
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, do 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?
2 months ago
Blog: Crescendo - Profit jumps 270% in third quarter. Launching a further RM500 million land for sale after clinching RM543 million sales in just 10 days. Best deal for 2024?
Jan 21, 2024 5:26 PM | Report Abuse
Intrinsic value per share for Crescendo is not less than 9 ringgit, taking into consideration quality and credibility of its Directors, steady earning potential for next few years, healthy financial status and strong cash flow, very solid background of its major shareholders (no pledged securities/ nominee holders), recently land disposal, intended further land disposal, development lands were purchased more than 20 years and the location of these land bank.
Looking forward to rm 6 in near future.
2 months ago
On behalf of the Board, UOBKH 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 5 February 2024.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3419871
Now can just wait for durian runtuh.
1 month ago
Calculate all you want… NTA la, book value la… etc.
Crescendo for me is too expensive. Show me the money? With DY below 1% it also indicate this counter have run up a lot and not worth to look more at this level.
Besides, shareholders will have to pray the management give you special dividend. You’re at their mercy.
It was laggard for so long around 1.14+. Entering now is a suicide… you’ll ended up holding it for another 5-10years. Don’t be blinded by the hype of Datacentre and HSR. That will itself takes time… not immediate.
1 month ago
RM 315 million already paid by Microsoft within 3 months after signing S&P. This is called efficiency and professionalism. Can expect share price to shoot up tomorrow.........
"On behalf of the Board, UOBKH wishes to announce that the Balance Disposal Consideration has been fully paid by the Purchaser to the Purchaser’s solicitors on 21 February 2024. Pursuant thereto, the Completion Date as defined under the SPA has taken place on 21 February 2024."
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3422893
1 month ago
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.
As majority of the lands have not been revalued for years, and if we assume a net gain of RM600m from the remaining 202 acres of industrial land in Nusa Cemerlang Industrial Park and a RM1b revaluation surplus for its remaining landbank and properties, this will bump up its net asset per share to RM9, versus its current share price of RM2.68 per share.
1 month ago
Crescendo going to announce Q4 result by end of this month. Predict it will make a total 20 sen from normal business operation after tax. Since there was no interim dividend paid, couple with extra ordinary gain from land disposal, there is no need to retain more cash then necessary. Expecting it to declare not less than 20 sen per share by end of the month.
2 weeks ago
Proceed from land sale to Microsoft already received in Feb. Proceed from the other 2 land sales expected o come in by 3rd quarter. Profit from land sales will cushion capital expenditure, and further 100 acres industrial land in NCIP disposal may be materialized within this year. So another 500 million from land sales is awaiting. No point keeping so much cash unless go for further landbanking exercise.
2 weeks ago
Another rm 117 million is coming by next month the latest.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3430853
1 week ago
Crescendo’s performance over the past 12 years has been impacted by the soft property
market. Despite this environment, the Group managed to be profitable every year. But the property sector is cyclical and with the post-Covid-19 opening of the economy, the bottom of the cycle has been reached.
Crescendo's outlook is optimistic. Positioned near vital projects like Iskandar Malaysia and Pengerang Integrated Petroleum Complex, it is poised for growth in demand for
both residential and industrial units.
Crescendo is currently trading below its Asset Value with more than a 30% margin of safety. As a property company, the Asset Value is a good reflection of its intrinsic value. Have a look at my updated valuation at page 20 in INVEST https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol199-Invest-15Mar.pdf
1 week ago
VALUATION
2 key approaches to assess the intrinsic value of Crescendo:
• Asset Value: I used the Book Value here of RM3.32 per share
• Earnings Value of RM4.64 per share:
EPV based on average earnings over the past 12 years plus the value of the non-operating assets. My non-operating assets include excess land held for development as well as an estimate of the land re- valuation surplus.
https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol199-Invest-15Mar.pdf
1 week ago
As it is coming closer to end of Mac whereby Q4 result will be announced, price should move up gradually with the expectation of windfall dividend.
https://klse1.i3investor.com/servlets/stk/annqtyres/6718.jsp
1 week ago
Crescendo to announce good set of results soon and a generous dividend is in the offing.
1 week ago
What is the outlook for the property market in Malaysia?
According to a study conducted by Juwai IQI, an international real estate property transaction group, the buy-to-rent ratio for 2024 stands at 91.1% for purchases and 8.9% for rentals, signalling robust confidence in the real estate market. Anticipated increases in yields further support this positive outlook.16 Jan 2024
1 week ago
Property Theme Play is on ON...
CRESNDO is the # 1 property stock by math #.
yes or YES, the true blue A1 stock.
how can players keep dumping the # 1 stock in the sector to buy what? bandaraya?
this stock would be fast to anger like Apollo did on grand BO few mkt days!
1 week ago
You should peruse Analyst Briefing by Crescendo for better understanding of its Board Of Directors' business strategy, prospect and future direction of the company.
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
5 days ago
Most likely Crescendo will announce Q4 result tomorrow. You will see more trading activity by 11.30am, and price to shoot to the moon by 4.30pm.
2 days ago
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
1 day 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
22 hours 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
16 hours ago
ks55
3 LRTs radiate out from RTS is highly possible. One to the JB West through Skudai, one to JB North towards Kota Tinggi may end near Impian Hills, one to JB East passes through Mid Valley South Key to end at Pasir Gudang Port. All residential properties along these 3 routes will shoot up in price, as residents can stay in JB but to earn Sing dollar. Of course, nearer to RTS housing price will be much higher. You pay for convenience mah.
2023-12-22 16:51