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Overview
Financial Highlight
HeadlinesBusiness Background Paramount Corp Bhd is an investment holding company. The group has three reportable operating segments - Property, Education and Investment and Others. The Property segment which generates maximum revenue is engaged in the development and construction of residential and commercial properties and property investment. The Education segment is involved in the operation of private educational institutions. Investment and Others segment is involved in the investment holding and provision of group-level corporate services.
  ks55 https://www.thestar.com.my/business/business-news/2024/08/13/bull-runin-sight 14/08/2024 8:37 AM ks55 WE will have to compare Q2 result with Q1. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3451554 27/08/2024 11:51 AM ks55 Paramount Q2 result earning 3.89 sen, dividend 3 sen. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3478077 https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=229562&name=EA_FR_ATTACHMENTS 28/08/2024 6:44 PM ks55 Prospect: Property segment In the second half of 2024, the Group targets to launch 4 projects (including new phases of existing projects) with a projected GDV of RM0.7 billion. Greenwoods Salak Perdana Senna(semi-detached cluster townhouses in Sepang) is expected to be launched in the third quarter of 2024. Along with the sizable launches in 2Q2024 and the completion of the commercial components of Atwater development in Petaling Jaya, the Group is optimistic that sales will gain traction in the second half of the year, which is expected to contribute positively to the Group's financial performance. The Group's unbilled sales of RM1.4 billion as at 30 June 2024 will provide some visibility on the Group's cash flow in the near term. However, the pace at which this can be converted into billings would depend largely on the construction progress of projects. As at 30 June 2024, the Group's undeveloped land stood at 416.9 acres. The favourable outlook of the Malaysian economy coupled with the catalytic initiatives taken by the government to spur investments are conducive for the property market. Nevertheless, the implementation of subsidy rationalisation could further weigh on consumer spending and thus the performance of the Malaysian property sector. The Malaysian economy advanced by 5.9% in the second quarter of 2024 (1Q 2024: 4.2%). The growth is driven by stronger domestic demand and further expansion in exports. Household spending increased amid sustained positive labour market conditions and larger policy support. Growth of the Malaysian economy in the second half of the year is expected to be driven mainly by firm expansions in investment activity and resilient household spending, with larger support from exports recovery. Investment activities will be supported by continued implementation of multi-year projects in both the private and public sectors and augmented by the implementation of catalytic initiatives under the national master plans, as well as the higher realisation of approved investments. (Source: Quarterly Bulletin issued by Bank Negara Malaysia on the Economic, Monetary and Financial Developments in the Second Quarter of 2024) The Group's PBT for 2Q2024 was 115% higher at RM36.6 million, compared to RM17.0 million recorded in the immediate preceding quarter, driven by the improvement in the property segment. The improvement was mainly due to higher work progress and sales achieved in the second quarter of 2024 Need to take note for Q3 result will include special dividend amounting rm 16 million received from Ecoworld International. Ashwood was launched in May and Atera Phase 2 was launched in Jun 2024. Unbilled sales amount to 1.4 billion as per 30 Jun 2024. 28/08/2024 6:58 PM ks55 Expecting Paramount to jump start and up by 10 sen today. Longer term prospect TP is 1.80 by year end. 29/08/2024 6:45 AM ks55 Paramount is a safe bet. 1st interim dividend 3 sen, 2nd interim dividend 4 sen. Profit can only grow bigger due to more new launches and higher progress billing. 01/09/2024 5:42 PM  fortunefire since pcb will soon receive div from ewint, will expect more than 4c div in the upcoming announcement. 30/09/2024 9:58 PM mf Dow Jones Dow Jones Industrial Average 42,189.49 -123.51 0.29% Nasdaq NASDAQ Composite 18,080.60 -38.98 0.21% 30/09/2024 10:22 PM ks55 You buy Paramount for its dividend. Next dividend pay out will be 4 sen. https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol227-Invest-04Oct.pdf 11/10/2024 4:27 PM ks55 Paramount moved into its own office at Atwater. Formerly was renting from uncle's office. Anything wrong? 19/11/2024 12:00 PM ks55 Paramount is saving on rental, at the same time bring life to Atwater commercial space. 19/11/2024 12:02 PM ks55 https://www.thestar.com.my/business/business-news/2024/11/21/sdp-records-all-time-high-9m-revenue-profit Property developers are having record profit since last property boom. Paramount is riding this wave very well with 1.4 billion unbilled sales. Most of its properties are at the middle of ogive graph and give rise to highest sales to revenue conversion rate. Paramount is due to announce its latest QR by 25 Nov. Stay tune. 21/11/2024 6:49 AM ks55 Paramount last day to buy cheap. May report quarterly result today, latest by Monday. 22/11/2024 12:17 PM hng33 Board is optimistic that the Group's operating results for the second half of this year are expected to surpass that of the first half 26/11/2024 11:38 AM ks55 The Group's unbilled sales of RM1.5 billion as at 30 September 2024 will provide some visibility on the Group's cashflow in the near term. However, the pace at which this can be converted into billings would depend largely on the construction progress of projects. 2.45 million one off loss is due to call-option exercised by UOW purchaser. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3503419 27/11/2024 5:52 PM fortunefire if they can offer 4ct final div in Feb 2025 (which is possible, since there gonna be some income from ewint), then it will be a total of 10 ct for the year 2024. 28/11/2024 11:48 AM AhHuat01 Typically, Q4 reports show the highest revenue. If the revenue surpasses the 2023 Q4 results, I anticipate another interim dividend of at least 0.01 cent, resulting in a 5.6% dividend yield (RM0.07) at a share price of RM1.06. This company consistently provides dividends, supported by strong business performance and substantial revenue. The dividend is sustainable due to this year’s robust sales, and future dividends are likely to remain strong, backed by RM1.5b in unbilled sales. 29/11/2024 11:56 AM ks55 https://www.thestar.com.my/business/business-news/2024/12/06/sharp-housing-loan-rebound-good-sign-for-developers 06/12/2024 4:35 PM ks55 All indicators show you where Paramount heading to. Slow and steady up trend build your wealth over time. 06/12/2024 4:38 PM ks55 Paramount is buying 4.5 acres of land for rm 145m from receiver. The land is as good as putting up another Atrium and Ashwood combine, GDV should be rm 1 billion. So land cost is around 15% of GDV, construction cost 50%, 5% marketing cost, gross profit is 30% or 300 million. If development can complete within 5 years, each year can contribute 60 million profit before tax from this project alone. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3508594 12/12/2024 10:22 PM ks55 Just came back from site visit. Sites for Ashwood and new land acquired really fantastic!!! 08/01/2025 4:38 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
