Posted by turbochart > 2024-05-14 10:25 | Report Abuse

3.6sold. small gain 900.

Posted by troy88 > 2024-05-14 10:25 | Report Abuse

Correction over? Back to uptrend..

Posted by ks55 > 2024-05-14 13:32 | Report Abuse

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!

Posted by newuser999 > 2024-05-14 14:53 | Report Abuse

looks like my anticipation is correct based on buy-sell queue.
next resistance - 3.69, 3.91, 4.08

Posted by ks55 > 2024-05-14 18:50 | Report Abuse

Hopefully remaining 75 acres can sell at rm 150 psf to more DC operators within next few months.

Posted by ks55 > 2024-05-14 18:53 | Report Abuse

Aiming at 4 ringgit tomorrow. 6 ringgit is achievable premised on intrinsic value of 9 ringgit.

Posted by ks55 > 2024-05-15 08:45 | Report Abuse

Today will have a long green. Aiming for rm 4.00 by end of the day.

Posted by calvintaneng > 2024-05-15 09:25 | Report Abuse

Microsoft bought lands from Crescendo to build Data Center

DATA CENTERS Are For STORAGE Of DATA. And That Is Why Lots Of HDD From JCY, NOTION & DUFU Will Be Needed.


https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-05-15-story-h-161671538-DATA_CENTERS_Are_For_STORAGE_Of_DATA_And_That_Is_Why_Lots_Of_HDD_From_J

Posted by newuser999 > 2024-05-15 15:36 | Report Abuse

Today most of the funds have flown to gloves and technology counters as a result of US tariff hike on China products. Utilities counters remain strong due to YTLPOWR

Posted by speakup > 2024-05-15 21:35 | Report Abuse

https://www.scmp.com/week-asia/politics/article/3262628/malaysias-pm-anwar-meets-hamas-leaders-qatar-amid-us-scrutiny-financial-ties

Posted by newuser999 > 2024-05-16 01:29 | Report Abuse

@ DaveInvest

US Tariff hike on China's glove product will be only imposed in year 2026. I would say market has over-reacted. You can look into technology stocks since US tariff hike will be affecting China's semicon in year 2025.

Posted by newuser999 > 2024-05-16 01:33 | Report Abuse

Honestly, I am speechless to Anwar's visit with Hamas leaders in Qatar. He seems naive to Do and Don't.

Posted by newuser999 > 2024-05-18 15:42 | Report Abuse

@Daveinvest

You'd spoken my words, 😂
"Sometimes I wonder does some of the small investor know that the land disposal sale announcement dated on 14/5/24 is referring to previous sale and it’s NOT a new sale or not 🤔"

Posted by newuser999 > 2024-05-18 15:54 | Report Abuse

I smell something to the announcement on 10/5/24 - "proposed renewal of authority for share buy-back". The share buyback is up to 10% of the total numbers of issued shares.

The purpose of share buybacks can be as below. 1, 2 & 3 could be the reasons for Crescendo:

1. 【Capital allocation】: Companies may use share buybacks as a way to deploy excess capital. If a company has accumulated cash reserves or has limited investment opportunities, it can repurchase its own shares to return capital to shareholders.

2. 【Enhancing shareholder value】: By reducing the number of outstanding shares, a share buyback can increase EPS and potentially boost the company's stock price. This can benefit existing shareholders by increasing their ownership stake and potentially providing a higher return on their investment.

3. 【Signal of confidence】: Share buybacks can be seen as a signal of confidence from the company's management. When a company repurchases its own shares, it indicates that management believes the shares are undervalued and that buying them back is a good use of capital.

4. 【Offsetting dilution】: Companies often issue new shares as part of employee stock option plans or to raise capital for acquisitions or expansion. Share buybacks can offset the dilution caused by these new share issuances, helping to maintain a stable ownership structure.

5. 【Tax-efficient distribution】: Share buybacks can be a tax-efficient way to return capital to shareholders compared to dividends. In some jurisdictions, capital gains from selling shares may be taxed at a lower rate than dividends, providing potential tax advantages for shareholders.

6. 【Defensive measure】: Share buybacks can be used as a defensive measure to fend off potential hostile takeovers. By reducing the number of shares available in the market, it can make it more difficult for an acquiring company to gain control.

Posted by newuser999 > 2024-05-18 16:01 | Report Abuse

This is just my anticipation. Let's see the movement of the management:

Share buybacks can result in treasury shares where Treasury shares can be used for various purposes, including potentially distributing them as dividends / bonus issue to shareholders.

Posted by soon9913 > 2024-05-28 12:10 | Report Abuse

buy and keep , dont be surprise end of the year the price is RM7 double from current price!

Posted by PureBULL ... > 2024-06-02 15:44 | Report Abuse

sWanN BlaC 👀, [2024-06-02 3:06 AM]
Nvidia = YTL power
Google = Elmina Simeprop Gamuda
US MnC = SunCon
Microsoft = Crescendo
AWS = Vstec
Brid Data = Southville Mahsing
YonDr = ❓
+++++++++++++++++++++++++
Huge orders forecast to drive building industry | The Star
https://www.thestar.com.my/business/business-news/2024/04/04/huge-orders-forecast-to-drive-building-industry

cost of US$7mil-US$9mil per megawatt to construct a data centre, which could translate into construction works of RM26bil to RM33bil 

PureBULL >>>, [2024-06-02 3:28 AM]
Position well for the BIG wave,

just like BIG glove bull run of TG on
April 2020 = 1st round n
July 2020 = 2nd hyper round:

https://www.tradingview.com/x/LQBtci0e/

Posted by newuser999 > 2024-06-06 21:34 | Report Abuse

Trendline breakout. Stands above fibo 0.236. Nice move. Could be better with higher volume.

Posted by Goldberg > 2024-06-07 17:21 | Report Abuse

Based on profits from 3 land sales , Crescendo's Q1 FY25 will make at least rm 335 million PAT or rm 1.15 per share - for the First Quarter FY25. ( announcement due in late June)

I feel the above developments will be a powerful catalyst for Crescendo to surge past RM4.50

Just 2 weeks to go before the Q1 FY25 announcement.

Posted by ks55 > 2024-06-07 19:36 | Report Abuse

Crescendo is on upward swing pending Q1 result. Will it give special dividend again? No point keeping too much cash with latest payment received from Microsoft.

All 4 land transactions already completed. Just hope next land sale is coming soon.

Posted by ks55 > 2024-06-08 17:21 | Report Abuse

First TOD by Crescendo going to take place in second half of this year. Land acquisition completed on 4 Apr 2024 for 72 million. This piece of land is along Jalan Senyum within walking distance from RTS Terminal. Read more from Analyst Briefing below.

https://crescendo.com.my/core-files/uploads/2024/05/CCB_Analyst-Briefing-2024-Q4_Final.pdf

The Group plans to launch 1,200 units of serviced apartments with a total GDV of approximately RM1 billion in second half of FY2025. This serviced apartment project will consist of two towers of 48 storeys of various sizes.

Posted by NickelLee > 2024-06-10 08:18 | Report Abuse

IWCity (1589.KL) Biggest Laggard In Johor Property Boom

Over the weekend, The Edge Weekly featured a 200-pager Special Edition titled “JOHOR READY FOR THE BIG LEAP”. Johor since the middle of last year had been the hotbed of investment be it property counters and the involvement in Data Centre Theme. Share prices with exposure to Johor were sure hits for these 18 months. The main catalyst is none other than the sheer amount of FDIs pouring into the state. In addition to the big policy moves to formulate and execute business-friendly decisions in spearheading the state’s economic growth.


Quoting Datuk Ho Kay Tat (Publisher & Group CEO of The Edge)

Publisher’s Note [THE STARS MAY FINALLY BE ALIGNED FOR JOHOR]

“In 2006, Malaysia launched the Iskandar development project to try and push things forward for Johor, but progress has not been as good as hoped and one reason is because of the cool response from Singapore.

But this appears to have changed recently, and there is now bullish optimism in the air because of closer government-to-government cooperation that has enabled things to move. The collaborative construction of the Rapid Transit System Link (RTS Link) from Woodlands in Singapore to Bukit Chagar in the heart of Johor Bahru and the creation of the Johor-Singapore Special Economic Zone will be game changers.

Another factor is that Johor’s Sultan Ibrahim is now the King of Malaysia and His Majesty will definitely give an added push to make things happen sooner, rather than later

For Johor, the stars may finally be aligned”



In a RHB Report dated 13 May 2024 Titled [Real Estate - JS-SEZ: The New Chapter of Iskandar Malaysia] mentioned a list of major landowners in Iskandar Malaysia. Further extrapolating from the list, the table below shows the share price performances of these landowners.


Company Name / YTD-Performance

UEM Sunrise +35.7%
Sunway +65.1%
IOI Properties +37.5%
Mah Sing +125.6%
LBS Bina +16.7%
Ecoworld +47.2%
AME Elite +2.4%
KSL +57.3%
Scientex +13.3%
😲IWCity -0.6% 😲
Crescendo +53.1%
YTL Corp +90.1%
MPHB +53.8%

To many investors' surprise, IWCity is the only company that printed a negative return on share price with a meagre -0.6% contraction. The average YTD return for companies with land banks in Iskandar Malaysia Region was +49.8% and even more on a 1-Year measurement.

Surging property prices in Johor as seen from recent transactions with KSL, Paragon Globe, Crescendo and AME Elite are some of the anecdotal evidence that land prices are indeed moving up. Hence, one needs to take a closer look at IWCity as it lags behind its peers by a far margin. Hence, an opportunity for the late comers to catch up with very low downside risks.

https://klse.i3investor.com/web/blog/detail/IWCITY/2024-06-09-story-h-159762931-IWCity_1589_KL_Biggest_Laggard_In_Johor_Property_Boom

Posted by ks55 > 2024-06-11 19:13 | Report Abuse

Crescendo selling another 20 acres for rm 115.8 million, or rm 130 per sq ft to a Singapore DC operator.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3455222

Posted by newuser999 > 2024-06-11 19:33 | Report Abuse

More lands selling are coming. Patience is the key and you shall deserve the bigger fruits.

Posted by Goldberg > 2024-06-11 19:49 | Report Abuse

CRESENDO disposes of Johor land for RM116mil

CORPORATE NEWS

Tuesday, 11 Jun 2024

PETALING JAYA: Crescendo Corp Bhd (CCB) is disposing of a 20.463 acre plot of vacant industrial land in Johor Baru, Johor to Digital Halo Pte Ltd for RM115.88mil.

In a filing with Bursa Malaysia, CCB said the proceeds from the land disposal will be for working capital purposes and to fund ongoing projects.

CCB said the vacant land is currently not being used and is not generating any cash flow for the group.

“Moving forward, the group intends to focus its resources on six ongoing development projects and should opportunities arise, take advantage of land banking opportunities and joint ventures in other strategic locations.

“The group will have the flexibility and liquidity to pursue investment opportunities or projects requiring large capital expenditure, whilst strengthening the group’s working capital position.”

https://www.thestar.com.my/business/business-news/2024/06/11/crescendo-disposes-of-johor-land-for-rm116mil

Posted by ks55 > 2024-06-11 20:21 | Report Abuse

Every developer that sell land to Data Centre operator makes windfall profit except one. Why YTLP never announce how much it received from Nvidia for the land? What is the size of the land sold? Or is it Nvidia just selling equipment and services in so called collaboration without any capital outlay? Frankly speaking, I don't know.

Posted by newuser999 > 2024-06-11 20:33 | Report Abuse

@ks55

The relationship between YTL Power and NVIDIA primarily focuses on technological collaboration rather than a land transaction. YTL Power and NVIDIA are working together to establish an advanced supercomputing platform using NVIDIA's DGX cloud computing technology based on the Grace and Blackwell architectures. Therefore, this relationship involves the purchase and use of NVIDIA's Blackwell technology for building the computing platform, NOT the sale of land.

Posted by newuser999 > 2024-06-11 20:35 | Report Abuse

YTL Creates One of the World’s Most Advanced Supercomputers, Powered by NVIDIA Grace Blackwell-based DGX Cloud
https://www.ytlpowerinternational.com/press-releases/ytl-creates-one-of-the-worlds-most-advanced-supercomputers-powered-by-nvidia-grace-blackwell-based-dgx-cloud/

Posted by Goldberg > 2024-06-12 08:10 | Report Abuse

Crescendo seals sixth land sale in seven months, to data centre firm

KUALA LUMPUR (June 11): Crescendo Corp Bhd (KL:CRESNDO) announced another land sale to a data centre company. This time around, the property developer is selling a parcel of land in Pulai for RM115.88 million, cash.

Crescendo’s wholly owned unit Panoramic Industrial Development Sdn Bhd (PID) has inked a conditional sale and purchase agreement with Singapore-based data centre firm Digital Halo Pte Ltd for the land transaction. The tract measures about 20.463 acres, according to a stock exchange filing.

The latest transaction marks the sixth land sale in seven months.

In total, Crescendo has sold over 150 acres of land for data centre-related development, bringing in sales proceeds of more than RM790 million, cash.


https://theedgemalaysia.com/node/715056

Posted by ks55 > 2024-06-12 11:07 | Report Abuse

Just need to wait for Q1 result by end of this month. With the sky high profit, every amateur will start to rush in. Most likely another special dividend is coming. No point keep too much cash in excess of normal business requirement.

Posted by serbatipu > 2024-06-14 13:28 | Report Abuse

Last quarter already announced divid. Very unlikely this qr got dividends again

Posted by lionel messi > 2024-06-17 09:56 | Report Abuse

Ya, they only pay once a year. Hope they will increase the frequency.

Posted by soon9913 > 2024-06-17 19:02 | Report Abuse

Result coming out this month.
Pls be patience

Posted by Invest_888 > 2024-06-21 16:31 | Report Abuse

Sold RM790 million in 7 months, Market cap only RM1066 million.
QR will be out next week.
Should worth at least RM5.50 per share.

Posted by calvintaneng > 2024-06-23 03:36 | Report Abuse

THERE IS A LAND CLEANER & GREENER THAN SINGAPORE: AND LAND PRICES AS LOW AS 3 SEN SINGAPORE PER SQ FEET: WHERE TO FIND?

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-06-23-story-h-158783703-THERE_IS_A_LAND_CLEANER_GREENER_THAN_SINGAPORE_AND_LAND_PRICES_AS_LOW_A

Posted by hsong > 2024-06-23 05:20 | Report Abuse

30 more Data Centres in the pipeline in johore n plus highway expending price of land will appreciate more.

Posted by ks55 > 2024-06-23 13:40 | Report Abuse

Tomorrow Crescendo will breach 4 ringgit.

Posted by investor77 > 2024-06-24 17:17 | Report Abuse

Manipulators purposely sell down to create anxiety. If you notice the charts, one day up, next day, shorties will push down price. With very good quarter result going to be announced very, very soon, Good price to buy as it is undervalued. For qtr 1, ending 30/4 /2024 , Annual Report stated they have already received more than 300 million on no of shares of 280 million only !! So price will definitely shoot up when Eps is very high, maybe above RM1, and declares Hefty Dividend as what they did recently giving 18 cents. Many have bought at RM 3.80 and holding for the good News !!! Crescendo has 2,500 over acres being developed as in their Annual Report. !!! Buy and dont sell . TP is above RM 4/.

Posted by ks55 > 2024-06-26 16:37 | Report Abuse

By Friday, the Q1 result will be out. Last 2 days to buy Crescendo cheap!

Posted by lionel messi > 2024-06-27 11:29 | Report Abuse

Hopefully result will be good. If got dividend will be even better.

Posted by Jnlee > 2024-06-27 17:35 | Report Abuse

making RM1,fly to the moon 🌙

Posted by newuser999 > 2024-06-27 17:44 | Report Abuse

NTA shoot to RM 4.36 😂😂😂

Posted by ChloeTai > 2024-06-27 19:19 | Report Abuse

Can someone kindly please let me know what is the one time gain which resulted in this 1st quarter unbelievable high net profit. Is it due to the sales of lands?

Posted by Luen07 > 2024-06-27 19:38 | Report Abuse

没有股息，没有分红，难怪股价迟迟不会动！

Posted by ks55 > 2024-06-27 19:53 | Report Abuse

Q1 result Crescendo made 103 sen per share. Q2 result will be rm 250 million (83 sen per share) to rm 347 million (or 113 sen per share) if land sales to Digital Halo can complete by July. Not to forget still got 48 acres of industrial land in NCIP listed for sale.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3459677

"Barring major geopolitical uncertainties and economic headwinds, the Board is positive and confident of the prospects of the Group's upcoming new property development and anticipates that the Group will be operating at optimum capacity in the coming years. Based on the committed property sales of RM486 million as at 25 June 2024, including land sales at NCIP of RM335 million out of which RM219 million has already been completed to date, the Board expects the Group to have an exceptional year in FY2025."

Posted by ChloeTai > 2024-06-27 21:44 | Report Abuse

If we minus the net profit from the data centre land sales, we still have 289.03 - 80.83 = 208.20 net profit. It should hit limit up tomorrow.

Posted by SorosMalaya > 2024-06-27 21:56 | Report Abuse

Sell on news ? ahaha

Posted by hsong > 2024-06-27 22:25 | Report Abuse

Nta rm 4.6

Posted by hsong > 2024-06-27 22:26 | Report Abuse

Sorry rm4.36

Posted by Goldberg > 2024-06-28 00:52 | Report Abuse

Land sales lift Crescendo’s net profit to record high of RM289 million in 1QFY2025

KUALA LUMPUR (June 27): Land sales in Pulai, Johor, totaling RM219 million to data centre operators have boosted Crescendo Corp Bhd’s net profit to a record high for the first quarter ended April 30, 2024 (1QFY2025).

The property developer’s quarterly net profit jumped by 22 times to RM289.03 million from RM13.2 million a year earlier. Earnings per share ballooned to 103.44 sen from 4.73 sen. Quarterly revenue rocketed to RM527.28 million from RM58.34 million driven by its property development and construction division.

This marks the highest ever earnings for the Johor-based property developer since its listing in 1997, driven by its land disposals for data-centre related activities.

“Based on the committed property sales of RM486 million as at June 25, 2024, including land sales at Nusa Cemerlang Industrial Park of RM335 million out of which RM219 million has already been completed to date, the board expects the group to have an exceptional year in FY2025,” said Crescendo.

https://theedgemalaysia.com/node/717105