Hi cpfam230, it is always a good idea to have MSOC, but the question is who has the money and power to champion this initiative? Perhaps, EPF or KWAP or the big mutual fund shall take a more active minority role in the local listco management by fostering shareholder best practices and "penalise" the bad intended listco.

Despite of having strong BS with Net Cash position, positive profit and CF, wonder why the company didn't pay any dividend since 2016?

As for Crescendo, they have a record PAT of RM289m in 1QFY25 which is mainly contributed by the non-recurring land sales to the data centre in NCIP. Doubt it is sustainable. Normalizing this, the adjusted PE will be high but P/NTA 0.9x is still low coupled with huge land bank 2,529acres in Johor.