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  Goldberg 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. 29/03/2024 11:15 AM ks55 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 02/04/2024 10:00 PM ks55 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. 02/04/2024 10:09 PM soon9913 likely special div in coming quarters also due to huge gain from disposal of lands to data centre operators 04/04/2024 12:03 PM ks55 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 04/04/2024 6:20 PM ks55 Estimated net profit is rm 80.8 million. Still left about 75 acres to be sold. 04/04/2024 7:02 PM ks55 We also expect proceed from land sale to STT GDC rm 117 million to come in by tomorrow. 04/04/2024 7:02 PM Goldberg 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 05/04/2024 1:47 PM ks55 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. 05/04/2024 2:18 PM investor77 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. 05/04/2024 5:18 PM PureBULL ... 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 06/04/2024 5:20 AM troy88 Big dividend coming while stock is surging! One of the gem property stocks in bursa no doubt. 08/04/2024 10:17 AM Goldberg 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. 08/04/2024 10:39 AM ConstructionMinion I heard Crescendo got more land to sell to DC. Likely another billion revenue and 50 sen dividend 08/04/2024 3:57 PM  calvintaneng 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 09/04/2024 5:47 AM ks55 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! 09/04/2024 2:01 PM ks55 The earlier you make full payment, the soonest you can start your Data Center. Early bird gets the worm ! 09/04/2024 2:02 PM PureBULL ... 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 10/04/2024 2:06 PM newuser999 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. 12/04/2024 12:24 PM newuser999 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. 12/04/2024 12:27 PM newuser999 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 12/04/2024 12:39 PM 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 12/04/2024 12:44 PM ConstructionMinion 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. 12/04/2024 12:54 PM newuser999 @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. :) 12/04/2024 1:48 PM ConstructionMinion 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 13/04/2024 11:54 AM soon9913 furthermore, pls expect some suppliers might buy land next time datacenter to provide their services and products ya.. RM120/ sqf is fair price 15/04/2024 1:06 PM ks55 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 15/04/2024 6:28 PM ks55 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 15/04/2024 6:40 PM newuser999 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 15/04/2024 10:32 PM ConstructionMinion This boss support his share price well unlike uem sunrise and sp Setia 16/04/2024 2:59 PM 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. 18/04/2024 10:42 AM soon9913 rm675m is from disposal of 1++ acres only, on hand still have prime lands 2400 acres 😄 18/04/2024 11:32 AM  | |
