Crescendo - Potential Beneficiary of Data Center, JB-Singapore RTS (Update)
Wrote about Crescendo - Potential Beneficiary of Data Center, JB-Singapore RTS on 12 December 2023 when the share price was RM1.98. Share price closed at a recent high of RM3.03 last Friday.
https://bursastocktalk.blogspot.com/2023/12/cresndo-potential-beneficiary-of-data.html
Highlighted the potential special dividend on 14 February 2024. The company declared a special dividend of 13sen on 27 March 2024. Share price gapped up and closed at a recent high of RM3.03 the next day.
https://www.facebook.com/photo?fbid=893958872733568&set=a.391566119639515
Another positive development was shared in the 4QFY24 results announcement.
3QFY24 results note:
"The Group also 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 RM900 million in FY2025."
4QFY24 results note:
The Group also 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.
The estimated GDV for the serviced apartments near RTS terminal has been revised upwards from about RM900m 3 months ago to RM1b.
According to analyst, the selling price psf in JB has surged to at least RM1600. (“新山新推出的项目,可以看到售价走高到至少每平方尺1600令吉,超越大部分吉隆坡和槟城地区。”Translation: "New projects launched in Johor Bahru are seeing selling prices climb to at least RM1600 per square foot, surpassing most areas in Kuala Lumpur and Penang")
https://www.klsescreener.com/v2/news/view/1298399
Will we see higher projected GDV for the project when Crescendo launches it later this year?
Note: The land acquisition has yet to be completed and the conditional period for the land acquisition has been extended to 11 May, 2024.
Join Bursa Stock Talk's newly created telegram channel to get stock/ market updates
http://bursastocktalk.blogspot.com/2024/04/crescendo-potential-beneficiary-of-data.html
Singapore Investment
-
-
-
-
-
-
-
-
Retirement Journey Update for April 20247 hours ago
-
Cory Diary : MLT Result Review8 hours ago
-
-
-
-
-
-
-
-
-
-
No new investment for retirees23 hours ago
-
-
What Is a Term Loan?1 day ago
-
-
-
-
-
The Story Behind Maybank1 day ago
-
-
-
-
-
-
-
-
-
Platinum for Commodities?2 days ago
-
-
Quick Update - scary correction2 days ago
-
-
Portfolio Update Apr 20242 days ago
-
-
Portfolio Summary for April 20242 days ago
-
Portfolio (April 30, 2024)2 days ago
-
Summary of April 20242 days ago
-
-
Month of April 20243 days ago
-
-
A Blast From the Past3 days ago
-
-
-
-
-
-
-
Weekly Market Outlook5 days ago
-
-
OH! Kampong Gelam Art Walk5 days ago
-
-
That Restless Night…6 days ago
-
-
-
-
-
-
-
-
-
-
-
-
Keyboarding Warriors1 week ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Banks and Miles Report – Mar 20243 weeks ago
-
-
-
2024 (Portfolio Update)4 weeks ago
-
-
-
-
1Q 2024 Investment Strategy Update4 weeks ago
-
-
-
-
Lentor Hills Residences5 weeks ago
-
Burnt out!5 weeks ago
-
-
-
Feb 2024 Expenditure5 weeks ago
-
-
Starting Our Second Property Cycle1 month ago
-
-
-
-
-
-
-
-
The Market Is A Scam!2 months ago
-
-
-
-
-
-
-
Options Trading Journal Jan 20242 months ago
-
-
-
-
-
-
-
End of 2023 Review4 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report4 months ago
-
Monthly Summary of November 20235 months ago
-
3 Simple Poker Strategies for Beginners5 months ago
-
Migration of website5 months ago
-
-
Abandon REITS?5 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates7 months ago
-
-
-
-
Hello SP Group, I'm Back!10 months ago
-
-
-
-
A New Light11 months ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-