Not a licensed financial expert here, it probably just the usual stuffs post dividend, not much counter can go against this pattern. Just some lawn mowing to phase out smaller retail investor maybe, from the queue pattern and volume, and so many people are buying up at low price, I don’t think all of them are idiots, surely there’s a good reason for it

That might rather true, I do think it’s their works. However the fundamental is intact, there will be some anxiety but no need for panic cut loss yet maybe. Since the sharks targeted this counter, with right condition it will be again

Continue drop lo… syndicate on projects? And sell lands…? that’s syndicate news to lure bilis and adding 6 sens dividen. Then after x date laosai until now. I don’t see any solid fundamentals. Two good QRs then call solid, thats too easy to build la…

I didn’t plan to post anything anymore, but I tink I better clarify this. By solid fundamental, I am referring to their usual performance, land banks, assets before all this land sale data centre boom, even if it drop back to the price before all the land sale, the stock price is still heavily discounted, but it is also too stable to have any obvious profit from goreng it, that’s why it remain low, too stable.

As for extraordinary gains during latest 2 QR, I am simply tally up the dates of land sale announcement with the QR dates and price ups and downs, it just seems like every now and then there is another good news incoming when we think that’s the end of it. Since my purchase price is rather low, if it’s high I might be worried and cut some loses, but personally I would bet on there is still continuous good QR for atleast few more rounds , as the company since the beginning of this Johor boom, seems to be the black horse and planned ahead and participate actively, so I don’t think so fast it’s “the end” , although most ceo/boss sugarcoat their words to the press like the article I posted earlier about they will sell more at right price, let me ask u, if you are the ceo/boss, would u easily pass on chance to sell your land during the boom? Or sit idly until all demands fulfilled by other company, seems pretty stupid doesn’t it?

And please spend some effort to check the location of the parcels of land sold to the few companies, and the surrounding unsold land that is connected to it, together with potential development of the area, then u will know what I meant and why sharks enter the game previously, and not just based assumptions on xxx mil land sold alone.
That’s just my own bet, I don’t know for sure, it might as well went stagnant and dip further until more revenue comes in at much later date.


Well I might be very wrong, it really depends on which type of player you are, catching flying knife? Buy the dip? Bear/bull player?

Your intention is good for the bilis, which is noble. Just be neutral don’t have to use too much of harsh words. Nobody knows the future and can say the definite magic number, if it drops further they might thank you for it, but if it suddenly rises with multiple good news again, they will resent u for it, so what for putting ur reputation at stake by using harsh words? Not worth it man, just let them do their own homework and decide

Wong, many suffer paper losses after buying in as the price keeps dropping. Yet over the longer term... this company certainly has very bright prospects as its properties and land are in prime areas of Johor smack right in the promising Johor Singapore zone. Investing is not for a week or month but patiently waiting for values to emerge as good and profitable products are sold over time.

Bros, even if the FA is super good. Have to check on TA for good entry. Currently downtrend chart is hard to predict what will happen in near future, even how good it is, it should show reversal hammer but it keep breaking new low. If you aware, it was already broke the few previous support and it show the danger sign. But ppl tend to imagine it is a good FA counters and waiting for big up candle. I hope the big candle is coming soon, but the chart show keep selling, I rather wait for good reversal and stabilise to enter this good FA counters.

I don’t know the reason behind why the share price only gap down right after dividen ex date. Just give warning it might down to 0.4, it may like one year cycle, last Nov started up from 0.4 and hit 1.6 this year and dividen declaration, right after ex date it start shooting star down, every day down 2-5%. Pressing the price down or sell on news:dividen ex date?

I better don’t comment a lot, I agree that I don’t beautify my comments here. Honest advice is often unpleasant to hear.

Hope who holds or stay condo, u won’t need to wait long just to break even. Too much share speculation here. 200% up in a year, does the future prospect enough to support this?

share prices can drop for various reasons, including:

Financial Performance: Poor earnings reports or lower-than-expected revenue can lead to declines.
Market Sentiment: General market trends or investor sentiment can impact stock prices.
Industry Issues: Problems within the industry, such as regulatory changes or competition, can affect companies.
News Events: Specific news, like management changes or legal issues, can influence investor confidence.

stay tunned for reason of dropping.

Derek, I think TA will be influenced once FA is changed. My view on Cresndo is it's FA was changed when they hv good sales in multiple land sales, which generated one off gain of total 462m, in different time frame. This has changed the FA, especially it's debt condition and cash flow. Thus, I don't think it will be back to 0.40 which is before FA changed. I do think that 0.8 is a good support, which is translated from PB 0.5.

Chan, thanks and your comment is fair enough. I think the current price is way over. One time sales can’t be translated to good and sustainable FA… too early to tell that. Let’s see. Just I was surprised that the price ls drop was started right after the dividen ex date, is this a ? bilis eating strategy lol?

Oh I quite agree with Chan about previous landsales influenced the FA permanently, 0.8 sounds about right if based on the FA alone, excluding all other factors , especially by assuming they won’t make any drastic development or further land sales.
The valuation is prudent and careful, very suitable if it go back into normal boring development cycle.

But if you are someone that willing to take some risk and go above and behind, with economic boom in Johor, surely the company will take the chance and develop further, just look at their cash reserves after giving out dividends, so much left although nothing compared to the amount before, don’t you think they either planning to give another round of dividend or use it to develop the company more, remember the company have multiple arms generating cash at different pace. And there is also good chance for them to sell more lands looking at the parcels of land sold so far, but of course there is risk involved such as land sold is too small, or buyer went for other lands that is more suitable and cheap. For the above, personally I would assume a 0.2-0.4 for development alone(depending on their projects cycle and Sales, have to calculate development cost vs revenue) and another 0.2-0.4 for potential more land sales for QRs that comes with land sales if you wanna bet on it, no guarantees.

But of course if sharks wanna harvest bilis then the figures will be totally different, I am just stating my personal breakdown of the company’s valuation, and like Derek said, there is always chance for Msia/SG to roti canai no matter how slim the chance it seems to be, general investing environment is bad now as well, so is is highly depending on what kind of investment style you like, don’t be easily swayed by opinions in forums, just be prudent and scan the company thoroughly like you choosing a wife, not only checking the QRs, go check their property and land sites if you have to, find out how well or bad they are doing when selling properties before revenue report comes in, this will give u an edge over the rest

I tink it will face great resistance at few levels that previously ppl buy a lot at, since ppl are scared of drop back to 1.1x, once reach their cost they will want to sell, unless those ppl all sold already to cut loss, maybe the more ppl cut loss, the easier it go up later on. Definitely need strong catalyst at those crucial resistant points to break through, hope the company have good news , otherwise recover to 1.3 also hard unless whole market is running on bull

Property earning or valuation is complicated and only true expert can identify. But even if get the real value, yet charting represent the behaviour of market toward the counters. Better follow own strategy. From peak drop 36% to 1.11, and require >150% to break the peak. And it might require next QR Rev up to 488 mils to make it.