[%SDqv%] to launch RM1.2b GDV projects in FY25

Key points:

#Johor-Theme. Attention turning to low-profile developer Crescendo following four land disposals in the last five months. Sold over 135 acres for RM675m.

#All eyes on 1QFY25 performance as several deals (2.5/4) have been completed.

#On the possibility of higher dividends, Crescendo chairman and MD Gooi Seong Lim says "the management will review its position bi-annually to determine the dividend payout."

#Plans to launch properties with a total GDV of RM1.2b in FY25. (Compared to around RM100-200m total GDV a year over the last 5 years.) Has launched 167 units of residential properties at Bandar Cemerlang, 57 units of shop offices at Desa Cemerlang and 1,257 units of serviced apartments within the RTS terminal at Bukit Chagar.

#Gooi expects strong demand for lands from industrial and data centre operators, saying "We are open to more land sales at the right price." About 60 acres are available for sales at NCIP. 

#Has started the main infrastructure works in Bandar Cemerlang Industrial Park. Plans to launch the first phase within the next three years.

#With strong pipeline of incoming FDI to Johor, demand for industrial properties will remain strong in the coming years.

- The Star Biz

$KLSE-CRESNDO to launch RM1.2b GDV projects in FY25

Key points:

#Johor-Theme. Attention turning to low-profile developer Crescendo following four land disposals in the last five months. Sold over 135 acres for RM675m.

#All eyes on 1QFY25 performance as several deals (2.5/4) have been completed.

#On the possibility of higher dividends, Crescendo chairman and MD Gooi Seong Lim says "the management will review its position bi-annually to determine the dividend payout."

#Plans to launch properties with a total GDV of RM1.2b in FY25. (Compared to around RM100-200m total GDV a year over the last 5 years.) Has launched 167 units of residential properties at Bandar Cemerlang, 57 units of shop offices at Desa Cemerlang and 1,257 units of serviced apartments within the RTS terminal at Bukit Chagar.

#Gooi expects strong demand for lands from industrial and data centre operators, saying "We are open to more land sales at the right price." About 60 acres are available for sales at NCIP. 

#Has started the main infrastructure works in Bandar Cemerlang Industrial Park. Plans to launch the first phase within the next three years.

#With strong pipeline of incoming FDI to Johor, demand for industrial properties will remain strong in the coming years.

- The Star Biz

$CRESNDO / 6718 (CRESCENDO CORPORATION BERHAD)