Johor Property Stock – Crescendo Proposes to Stock Split (1:3)

Source: The Edge Malaysia

Personal Opinion
-The subdivision proposal can reduce the price by maintaining its market capitalisation, providing more flexibility for us (retailers) to easily purchase the share.
-It is a property stock, where the major land banks are in Kota Tinggi, Johor Baharu, etc. with a total area (arches) of more than 2000 arches (as of 31 April 2024).
-Projecting to the second half of 2024 and 2025, more projects are estimated to be invested in Malaysia especially those hot themes like AI and data centres.

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By: Jshen Ng