Highlights
KLSE: PARAMON (1724)       PARAMOUNT CORPORATION BHD MAIN : Properties
Last Price Today's Change   Day's Range   Trading Volume
1.90   0.00 (0.00%)  1.90 - 1.90  498,900
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Financials


Market Cap: 806 Million

Market Cap 806 Million
NOSH 424 Million

Latest Audited Result:  31-Dec-2016

Latest Audited Result: 31-Dec-2016
Announcement Date 25-Apr-2017
Next Audited Result: 31-Dec-2017
Est. Ann. Date: 25-Apr-2018
Est. Ann. Due Date: 29-Jun-2018

Latest Quarter:  30-Sep-2017 [#3]

Latest Quarter: 30-Sep-2017 [#3]
Announcement Date 14-Nov-2017
Next Quarter: 31-Dec-2017
Est. Ann. Date: 10-Feb-2018
Est. Ann. Due Date: 01-Mar-2018
QoQ | YoY   484.41%  |    668.49%

Annual (Unaudited) ( EPS: 17.68, P/E: 10.75 )

Revenue | NP to SH 573,141  |  75,016
RPS | P/RPS 135.08 Cent  |  1.41
EPS | P/E | EY 17.68 Cent  |  10.75  |  9.31%
DPS | DY | Payout % 8.47 Cent  |  4.46%  |  47.91%
NAPS | P/NAPS 2.20  |  0.86
YoY   10.84%
NP Margin | ROE 15.47%  |  8.03%
F.Y. | Ann. Date 31-Dec-2016  |  10-Feb-2017

T4Q Result ( EPS: 32.75, P/E: 5.80 )

Revenue | NP to SH 698,321  |  138,977
RPS | P/RPS 164.58 Cent  |  1.15
EPS | P/E | EY 32.75 Cent  |  5.80  |  17.24%
DPS | DY | Payout % 8.48 Cent  |  4.46%  |  25.88%
NAPS | P/NAPS 2.37  |  0.80
QoQ | YoY   115.87%  |    132.94%
NP Margin | ROE 22.25%  |  13.82%
F.Y. | Ann. Date 30-Sep-2017  |  14-Nov-2017

Annualized Result ( EPS: 34.17, P/E: 5.56 )

Revenue | NP to SH 691,456  |  144,962
RPS | P/RPS 162.97 Cent  |  1.17
EPS | P/E | EY 34.17 Cent  |  5.56  |  17.98%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   215.60%  |    142.89%
NP Margin | ROE 23.81%  |  14.42%
F.Y. | Ann. Date 30-Sep-2017  |  14-Nov-2017


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2017 14-Nov-2017 30-Sep-2017 3 191,097 101,453 92,932 85,756 - 1,005,581 - % 48.63% 8.53% 424,296 45.04 45.04 20.21 20.21 0.00 0.00 2.3700 2.37   484.41%   668.49% 29-Sep-2017 1.71 3.80 8.46 0.72 11.82% 0.00% 14-Nov-2017 1.73 3.84 8.56 0.73 11.68% 0.00%
31-Dec-2017 16-Aug-2017 30-Jun-2017 2 184,555 24,689 17,293 14,674 10,572 930,340 72.05% 9.37% 1.58% 422,881 43.64 43.50 3.47 3.46 2.50 2.49 2.2000 2.19   76.97%   -38.63% 30-Jun-2017 1.84 4.22 53.03 0.84 1.89% 1.36% 16-Aug-2017 1.86 4.26 53.60 0.85 1.87% 1.34%
31-Dec-2017 17-May-2017 31-Mar-2017 1 142,940 18,302 13,272 8,292 - 939,195 - % 9.29% 0.88% 423,061 33.79 33.69 1.96 1.95 0.00 0.00 2.2200 2.21   -72.59%   -14.43% 31-Mar-2017 1.74 5.15 88.78 0.78 1.13% 0.00% 17-May-2017 1.89 5.59 96.43 0.85 1.04% 0.00%
31-Dec-2016 10-Feb-2017 31-Dec-2016 4 179,729 37,802 31,911 30,255 25,388 935,154 83.92% 17.76% 3.24% 423,146 42.47 42.36 7.15 7.13 6.00 5.98 2.2100 2.20   171.13%   103.04% 30-Dec-2016 1.39 3.27 19.44 0.63 5.14% 4.32% 10-Feb-2017 1.60 3.77 22.38 0.72 4.47% 3.75%
31-Dec-2016 23-Nov-2016 30-Sep-2016 3 134,777 21,690 16,329 11,159 - 900,328 - % 12.12% 1.24% 422,689 31.89 31.76 2.64 2.63 0.00 0.00 2.1300 2.12   -53.33%   -28.15% 30-Sep-2016 1.38 4.33 52.27 0.65 1.91% 0.00% 23-Nov-2016 1.37 4.30 51.89 0.64 1.93% 0.00%
31-Dec-2016 17-Aug-2016 30-Jun-2016 2 145,306 32,870 25,541 23,912 10,580 901,461 44.25% 17.58% 2.65% 423,221 34.33 34.25 5.65 5.64 2.50 2.49 2.1300 2.12   146.77%   70.03% 30-Jun-2016 1.32 3.84 23.36 0.62 4.28% 1.89% 17-Aug-2016 1.42 4.14 25.13 0.67 3.98% 1.76%
31-Dec-2016 11-May-2016 31-Mar-2016 1 113,329 20,115 14,892 9,690 - 901,297 - % 13.14% 1.08% 423,144 26.78 26.71 2.29 2.28 0.00 0.00 2.1300 2.12   -34.97%   -58.21% 31-Mar-2016 1.59 5.94 69.43 0.75 1.44% 0.00% 11-May-2016 1.56 5.82 68.12 0.73 1.47% 0.00%
31-Dec-2015 24-Feb-2016 31-Dec-2015 4 148,059 22,740 16,530 14,901 24,272 890,682 162.89% 11.16% 1.67% 422,124 35.07 34.90 3.53 3.51 5.75 5.72 2.1100 2.10   -4.05%   47.56% 31-Dec-2015 1.68 4.79 47.59 0.80 2.10% 3.42% 24-Feb-2016 1.55 4.42 43.91 0.73 2.28% 3.71%
31-Dec-2015 19-Nov-2015 30-Sep-2015 3 147,717 23,236 17,142 15,530 - 873,562 - % 11.60% 1.78% 422,010 35.00 34.81 3.68 3.66 0.00 0.00 2.0700 2.06   10.43%   6.12% 30-Sep-2015 1.68 4.80 45.65 0.81 2.19% 0.00% 19-Nov-2015 1.61 4.60 43.75 0.78 2.29% 0.00%
31-Dec-2015 26-Aug-2015 30-Jun-2015 2 115,261 22,128 15,684 14,063 10,557 869,963 75.08% 13.61% 1.62% 422,312 27.29 27.17 3.33 3.31 2.50 2.49 2.0600 2.05   -39.35%   -22.65% 30-Jun-2015 2.01 7.36 60.36 0.98 1.66% 1.24% 26-Aug-2015 1.45 5.31 43.54 0.70 2.30% 1.72%
31-Dec-2015 19-May-2015 31-Mar-2015 1 164,997 33,590 24,825 23,187 - 874,263 - % 15.05% 2.65% 422,349 39.07 38.89 5.49 5.46 0.00 0.00 2.0700 2.06   129.62%   18.54% 31-Mar-2015 1.54 3.94 28.05 0.74 3.56% 0.00% 19-May-2015 1.70 4.35 30.97 0.82 3.23% 0.00%
31-Dec-2014 24-Feb-2015 31-Dec-2014 4 157,656 16,553 10,098 10,098 21,125 853,471 209.21% 6.41% 1.18% 422,510 37.31 37.16 2.39 2.38 5.00 4.98 2.0200 2.01   -31.00%   -29.66% 31-Dec-2014 1.54 4.13 64.44 0.76 1.55% 3.25% 24-Feb-2015 1.55 4.15 64.85 0.77 1.54% 3.23%
31-Dec-2014 26-Nov-2014 30-Sep-2014 3 120,371 20,598 16,247 14,635 - 800,100 - % 13.50% 1.83% 402,060 29.94 28.37 3.64 3.45 0.00 0.00 1.9900 1.89   -19.50%   6.71% 30-Sep-2014 1.54 5.14 42.31 0.77 2.36% 0.00% 26-Nov-2014 1.52 5.08 41.76 0.76 2.39% 0.00%
31-Dec-2014 14-Aug-2014 30-Jun-2014 2 133,241 24,783 18,181 18,181 8,448 746,840 46.47% 13.65% 2.43% 337,936 39.43 31.40 5.38 4.28 2.50 1.99 2.2100 1.76   -7.05%   70.15% 30-Jun-2014 1.56 3.96 29.00 0.71 3.45% 1.60% 14-Aug-2014 1.55 3.93 28.81 0.70 3.47% 1.61%
31-Dec-2014 28-May-2014 31-Mar-2014 1 98,775 23,822 19,560 19,560 - 746,590 - % 19.80% 2.62% 337,823 29.24 23.28 5.79 4.61 0.00 0.00 2.2100 1.76   36.25%   32.64% 31-Mar-2014 1.66 5.68 28.67 0.75 3.49% 0.00% 28-May-2014 1.61 5.51 27.81 0.73 3.60% 0.00%
31-Dec-2013 27-Feb-2014 31-Dec-2013 4 135,443 21,313 14,356 14,356 18,578 726,244 129.41% 10.60% 1.98% 337,788 40.10 31.92 4.25 3.38 5.50 4.38 2.1500 1.71   4.67%   6.86% 31-Dec-2013 1.52 3.79 35.76 0.71 2.80% 3.62% 27-Feb-2014 1.57 3.92 36.94 0.73 2.71% 3.50%
31-Dec-2013 21-Nov-2013 30-Sep-2013 3 123,633 17,482 13,715 13,715 - 712,774 - % 11.09% 1.92% 337,807 36.60 29.14 4.06 3.23 0.00 0.00 2.1100 1.68   28.36%   -7.24% 30-Sep-2013 1.51 4.13 37.19 0.72 2.69% 0.00% 21-Nov-2013 1.56 4.26 38.42 0.74 2.60% 0.00%
31-Dec-2013 22-Aug-2013 30-Jun-2013 2 142,517 15,853 10,685 10,685 8,453 706,697 79.11% 7.50% 1.51% 338,132 42.15 33.59 3.16 2.52 2.50 1.99 2.0900 1.67   -27.54%   -27.95% 28-Jun-2013 1.57 3.72 49.68 0.75 2.01% 1.59% 22-Aug-2013 1.55 3.68 49.05 0.74 2.04% 1.61%
31-Dec-2013 22-May-2013 31-Mar-2013 1 110,480 20,448 14,747 14,747 - 715,415 - % 13.35% 2.06% 337,459 32.74 26.04 4.37 3.48 0.00 0.00 2.1200 1.69   9.77%   10.03% 29-Mar-2013 1.55 4.73 35.47 0.73 2.82% 0.00% 22-May-2013 1.71 5.22 39.13 0.81 2.56% 0.00%
31-Dec-2012 28-Feb-2013 31-Dec-2012 4 114,948 17,211 13,435 13,435 16,878 698,754 125.63% 11.69% 1.92% 337,562 34.05 27.09 3.98 3.17 5.00 3.98 2.0700 1.65   -9.14%   -17.12% 31-Dec-2012 1.50 4.40 37.69 0.72 2.65% 3.33% 28-Feb-2013 1.61 4.73 40.45 0.78 2.47% 3.11%
31-Dec-2012 28-Nov-2012 30-Sep-2012 3 111,978 20,085 14,786 14,786 - 685,287 - % 13.20% 2.16% 337,579 33.17 26.39 4.38 3.48 0.00 0.00 2.0300 1.62   -0.30%   -0.71% 28-Sep-2012 1.51 4.55 34.47 0.74 2.90% 0.00% 28-Nov-2012 1.49 4.49 34.02 0.73 2.94% 0.00%
31-Dec-2012 30-Aug-2012 30-Jun-2012 2 118,843 19,864 14,830 14,830 10,134 682,382 68.34% 12.48% 2.17% 337,813 35.18 28.01 4.39 3.50 3.00 2.39 2.0200 1.61   10.65%   -33.09% 29-Jun-2012 1.74 4.95 39.64 0.86 2.52% 1.72% 30-Aug-2012 1.57 4.46 35.76 0.78 2.80% 1.91%
31-Dec-2012 15-May-2012 31-Mar-2012 1 104,279 19,087 13,403 13,403 - 685,342 - % 12.85% 1.96% 337,607 30.89 24.58 3.97 3.16 0.00 0.00 2.0300 1.62   -17.32%   -27.52% 30-Mar-2012 1.60 5.18 40.30 0.79 2.48% 0.00% 15-May-2012 1.57 5.08 39.55 0.77 2.53% 0.00%
31-Dec-2011 24-Feb-2012 31-Dec-2011 4 139,068 29,142 16,211 16,211 16,886 672,081 104.17% 11.66% 2.41% 337,729 41.18 32.78 4.80 3.82 5.00 3.98 1.9900 1.58   8.86%   -80.97% 30-Dec-2011 1.54 3.74 32.08 0.77 3.12% 3.25% 24-Feb-2012 1.65 4.01 34.38 0.83 2.91% 3.03%
31-Dec-2011 17-Nov-2011 30-Sep-2011 3 108,925 22,984 14,891 14,891 - 655,068 - % 13.67% 2.27% 337,664 32.26 25.67 4.41 3.51 0.00 0.00 1.9400 1.54   -32.81%   -31.04% 30-Sep-2011 1.61 4.99 36.51 0.83 2.74% 0.00% 17-Nov-2011 1.62 5.02 36.73 0.84 2.72% 0.00%
31-Dec-2011 16-Aug-2011 30-Jun-2011 2 121,999 32,494 22,164 22,164 16,893 658,838 76.22% 18.17% 3.36% 337,865 36.11 28.75 6.56 5.22 5.00 3.98 1.9500 1.55   19.86%   -13.85% 30-Jun-2011 2.01 5.57 30.64 1.03 3.26% 2.49% 16-Aug-2011 1.77 4.90 26.98 0.91 3.71% 2.82%
31-Dec-2011 19-May-2011 31-Mar-2011 1 103,852 25,730 18,491 18,491 - 653,758 - % 17.81% 2.83% 120,619 86.10 24.48 15.33 4.36 0.00 0.00 5.4200 1.54   -78.30%   17.88% 31-Mar-2011 1.94 2.25 12.65 0.36 7.90% 0.00% 19-May-2011 2.04 2.37 13.31 0.38 7.51% 0.00%
31-Dec-2010 24-Feb-2011 31-Dec-2010 4 102,907 87,056 85,193 85,193 23,299 612,765 27.35% 82.79% 13.90% 116,495 88.34 24.25 73.13 20.08 20.00 5.49 5.2600 1.44   294.54%   494.09% 30-Dec-2010 1.61 1.82 2.20 0.31 45.42% 12.42% 24-Feb-2011 1.61 1.82 2.20 0.31 45.42% 12.42%
31-Dec-2010 16-Nov-2010 30-Sep-2010 3 98,288 31,750 21,593 21,593 - 567,194 - % 21.97% 3.81% 116,467 84.39 23.16 18.54 5.09 0.00 0.00 4.8700 1.34   -16.07%   32.65% 30-Sep-2010 1.60 1.90 8.63 0.33 11.59% 0.00% 16-Nov-2010 1.84 2.18 9.92 0.38 10.08% 0.00%
31-Dec-2010 19-Aug-2010 30-Jun-2010 2 128,698 36,201 25,728 25,728 17,030 554,071 66.20% 19.99% 4.64% 113,539 113.35 30.33 22.66 6.06 15.00 4.01 4.8800 1.31   64.02%   43.63% 30-Jun-2010 1.25 1.10 5.52 0.26 18.13% 12.00% 19-Aug-2010 1.52 1.34 6.71 0.31 14.91% 9.87%
31-Dec-2010 20-May-2010 31-Mar-2010 1 102,358 22,109 15,686 15,686 - 544,870 - % 15.32% 2.88% 111,883 91.49 24.12 14.02 3.70 0.00 0.00 4.8700 1.28   9.39%   74.35% 31-Mar-2010 1.21 1.32 8.63 0.25 11.59% 0.00% 20-May-2010 1.27 1.39 9.06 0.26 11.04% 0.00%
31-Dec-2009 24-Feb-2010 31-Dec-2009 4 104,516 21,962 14,340 14,340 16,344 517,591 113.98% 13.72% 2.77% 108,966 95.92 24.63 13.16 3.38 15.00 3.85 4.7500 1.22   -11.91%   42.96% 31-Dec-2009 1.06 1.11 8.05 0.22 12.42% 14.15% 24-Feb-2010 1.11 1.16 8.43 0.23 11.86% 13.51%
31-Dec-2009 16-Nov-2009 30-Sep-2009 3 111,600 21,702 16,278 16,278 - 503,532 - % 14.59% 3.23% 108,520 102.84 26.30 15.00 3.84 0.00 0.00 4.6400 1.19   -9.13%   126.62% 30-Sep-2009 0.89 0.87 5.93 0.19 16.85% 0.00% 16-Nov-2009 0.95 0.92 6.33 0.20 15.79% 0.00%
31-Dec-2009 13-Aug-2009 30-Jun-2009 2 105,385 22,920 17,913 17,913 14,045 499,143 78.41% 17.00% 3.59% 108,039 97.54 24.84 16.58 4.22 13.00 3.31 4.6200 1.18   99.10%   40.47% 30-Jun-2009 0.78 0.80 4.70 0.17 21.26% 16.67% 13-Aug-2009 0.86 0.88 5.19 0.19 19.28% 15.12%
31-Dec-2009 14-May-2009 31-Mar-2009 1 83,408 12,748 8,997 8,997 - 491,432 - % 10.79% 1.83% 108,007 77.22 19.66 8.33 2.12 0.00 0.00 4.5500 1.16   -10.31%   -25.19% 31-Mar-2009 0.71 0.92 8.52 0.16 11.73% 0.00% 14-May-2009 0.83 1.07 9.96 0.18 10.04% 0.00%
31-Dec-2008 26-Feb-2009 31-Dec-2008 4 107,514 13,703 10,024 10,031 14,021 482,135 139.78% 9.32% 2.08% 107,860 99.68 25.34 9.30 2.36 13.00 3.30 4.4700 1.14   39.65%   -31.17% 31-Dec-2008 0.67 0.67 7.20 0.15 13.88% 19.40% 26-Feb-2009 0.68 0.68 7.31 0.15 13.68% 19.12%
31-Dec-2008 13-Nov-2008 30-Sep-2008 3 100,754 11,012 7,716 7,183 - 471,316 - % 7.66% 1.52% 107,852 93.42 23.75 6.66 1.69 0.00 0.00 4.3700 1.11   -43.67%   -57.42% 30-Sep-2008 0.80 0.86 12.01 0.18 8.33% 0.00% 13-Nov-2008 0.72 0.77 10.81 0.16 9.25% 0.00%
31-Dec-2008 14-Aug-2008 30-Jun-2008 2 94,474 18,134 13,573 12,752 8,623 471,058 67.62% 14.37% 2.71% 107,793 87.64 22.27 11.83 3.01 8.00 2.03 4.3700 1.11   6.03%   31.22% 30-Jun-2008 0.79 0.90 6.68 0.18 14.97% 10.13% 14-Aug-2008 0.79 0.90 6.68 0.18 14.97% 10.13%
31-Dec-2008 15-May-2008 31-Mar-2008 1 96,019 17,128 12,725 12,027 - 465,144 - % 13.25% 2.59% 107,672 89.18 22.63 11.17 2.83 0.00 0.00 4.3200 1.10   -17.47%   47.84% 31-Mar-2008 0.79 0.89 7.07 0.18 14.14% 0.00% 15-May-2008 0.86 0.96 7.70 0.20 12.99% 0.00%
31-Dec-2007 26-Feb-2008 31-Dec-2007 4 72,973 17,574 15,123 14,573 10,621 447,174 72.89% 20.72% 3.26% 106,217 68.70 17.20 13.72 3.43 10.00 2.50 4.2100 1.05   -13.61%   -5.57% 31-Dec-2007 0.87 1.27 6.34 0.21 15.77% 11.49% 26-Feb-2008 0.77 1.12 5.61 0.18 17.82% 12.99%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  4 people like this.
 
GTdyno http://theedgemarkets.com/my/article/paramount-bring-landed-living-quality-multi-storey-projects?type=corporate
01/04/2017 13:40
goldeneyes007 i love this counter...
oh my popcorn..hik hik hikk...
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goldeneyes007 oh my popcorn!!
26/02/2017 13:37
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goldeneyes007 Hik hik hik... i love u paramon..... ngeeeee
09/01/2017 21:04
10/04/2017 21:52
goldeneyes007 https://t.me/thegoldeneyes007
10/04/2017 22:13
GTdyno http://www.bursamalaysia.com/market/listed-companies/company-announcements/5405809
25/04/2017 20:10
James Yeo Just for Sharing...
Is Paramount Corporation Berhad a Good Buy with a 9.6x P/E and 5% dividend yield?
https://klse.i3investor.com/blogs/small_cap_asia/121431.jsp
25/04/2017 22:34
tradeview we called it around 2 months ago to the public at RM1.65. Today move is very near our TP of RM1.90. We are extremely happy with the outcome. Within expectation.
http://klse.i3investor.com/blogs/tradeview/117303.jsp
26/04/2017 17:34
bclim_83 http://www.thestar.com.my/business/business-news/2017/01/13/rhb-research-possible-rerating-for-paramount-corp/#TVveWO9mPRmPkOYL.99
Target price rm 2.24
26/04/2017 22:20
Amnota Well done paramount
18/06/2017 21:57
Amnota Well done!!
18/06/2017 21:57
RVI123 When will the sales of 2 education assets take effect?
19/06/2017 15:35
Hafid Not in the short term
21/06/2017 07:57
RVI123 Any idea when? The sale of the eductaion assets to a REIT was announced by the CEO at the end of last year. More than 6 months ago.
21/06/2017 17:06
Hafid If.come down than only enter. Property market is still in downward mode. A lot of vacant.what I worry here one day just like Japan
02/07/2017 07:25
Hk Wong no separate listing for reit. so sharehodler will not benefit. sell the schoold to private reits. do not know can get good price. with economy downturn who want to buy reits. rental also canoot collect
17/07/2017 15:19
gforce2 https://www.theedgeproperty.com.my/content/1184726/paramount-sell-schools-nations-first-education-trust-alpha-reit

KUALA LUMPUR (Aug 1): Paramount Corp Bhd’s wholly-owned subsidiary plans to dispose off its private and international schools, Sekolah Sri KDU (SSKDU) and Sri KDU International School, to newly-formed Alpha Real Investment Trust (REIT) for RM165 million.

...

Paramount said the proceeds from the proposed sale, expected to be completed in the fourth quarter of 2017, would be used to cut back on leverage for the group (RM113 million), reward shareholders (RM31.8 million) and for working capital (RM19.7 million).
01/08/2017 18:52
tradeview This is wonderful news and well done to management for making a good decision to REIT their education assets. Also kept to their promises. In line with our expectations

http://klse.i3investor.com/blogs/tradeview/117303.jsp
01/08/2017 20:04
equitydiary Rerating catalyst.
01/08/2017 22:41
Hk Wong Paramount has allocated about MYR32m for a special dividend (or MYR0.075 per share) after the disposal of its Sri KDU campus yesterday. We believe shareholders would continue to be rewarded as the company further unlocks its asset values going forward. These include the potential disposal of other education properties, as well as the listing of the education division. Given the gain on disposal of MYR72.9m, we raise our TP to MYR2.37 (from MYR2.24, 27% upside) and keep our BUY call.

Hives off Sri KDU campus. Paramount announced its disposal of the Sri KDU campus to Alpha REIT (an unlisted Islamic education REIT backed by Employees Provident Fund) for a total cash consideration of MYR165m. The company has also entered into a triple-net lease agreement with the REIT to lease the property for 10+10 years, at a rental yield of around 7%.

Utilisation of proceeds. Of the MYR165m in proceeds, about MYR113m would be utilised to pare down borrowings. MYR31.8m would be allocated for a special dividend, which should be paid after the transaction is completed in 4Q17. This translates into a payout of MYR0.075 per share. Including our FY17 DPS forecast of MYR0.09, FY17F dividend yield may potentially hit 8.8%.

Positive on the asset monetisation exercise. We believe Paramount is just at the beginning stage of monetising its assets. This is in line with the asset-light strategy that its CEO, Mr Jeffrey Chew, has always emphasised on. Among the other assets that can be monetised in the future include the three REAL school campuses, as well as the listing of the education division. We think these are among the re-rating catalysts in the pipeline that could potentially drive its share price over the next 1-2 years.

Encouraging demand for Batu Kawan Utropolis. For the property development division, we understand that Paramount would likely exceed its full-year property sales target of MYR500m, as its sales in 1H have been very encouraging. Management indicated that its Batu Kawan Utropolis project has seen strong demand, as the growth prospects at Batu Kawan become more visible with the opening of Design Village, as well as the ongoing construction works of the KDU campus, Aspen Vision City and the IKEA outlet. Unbilled sales as at 1Q17 stood at MYR506m.

Forecasts. We revise our FY18-19 earnings forecasts down slightly by 1-2%. The overall impact to earnings is minimal, as the new rental expense for Sri KDU would be largely offset by the savings in interest cost and depreciation. After paring down the debt, Paramount’s net gearing is expected to improve to around 40%, from 46% currently.

BUY. We maintain our BUY rating on Paramount and lift our TP to MYR2.37 (from MYR2.24) to account for the disposal gain of MYR72.9m. This is based on an unchanged 55% discount to its property RNAV and a 20% SOP discount. We believe the asset monetisation catalysts as well as the attractive dividend yield would continue to drive investors’ interest on the stock. Downside risks to our call include weaker-than-expected market conditions.
02/08/2017 09:21
YoungInvestor What happen , stock went down with good news ?
02/08/2017 16:50
RVI123 it is due to bad market sentiment. Good news does not convert to high price.
02/08/2017 17:37
equitydiary Still ok to hold. According to RHB report, 7.5 sen special div + 9 sen in FY17 = 16.5 sen of dividends, about 9% yield.
03/08/2017 09:58
equitydiary After selling more of its education properties to Alpha REIT, they will list the education business. Double unlocking of value, and potentially more special dividends along the way.
03/08/2017 10:01
Timothy Teoh Outstanding 1H result after factoring out 2016 one-off gains
16/08/2017 18:27
magus what's the point? very hard to make money from this stock, very illiquid with very thin trading. better put your money elsewhere.
29/08/2017 12:58
Pc Tan very good Q result,tomolo shot up to 2.00
14/11/2017 18:23
bclim_83 9mth property sale already over 650million, surpassed 2016 full yr 420million. Final quarter will launch atwater in pj and suasana in batu kawan utropolis. Full yr sale should reach rm 800 million. Education division is doing very good too. Management will pay additional 7.5 cent dividend proceed from sri kdu campus sale
14/11/2017 19:39
Pc Tan when can get the 7.5 cent dividend bro
14/11/2017 20:06
Edwardong53 This laggard stock very tightly controlled by the major shareholders
15/11/2017 08:00
Rica7894 Paramount’s 3Q17 results fell below our estimate. The company’s headline net profit was boosted by a MYR77.8m gain on disposal arising from the sale of its Sri KDU campus.

3Q17 new property sales were at MYR213m, vs MYR176m in 2Q17. This brings the 9M17 total to MYR633m. Sales continued to be strong, mainly driven by various incentives and rebates offered for a few projects.

Given the strong sales, the company’s unbilled sales continued to increase to MYR588m (from MYR534m in 2Q17).

As the disposal of the SRI KDU campus was just completed in October,expect the special DPS of MYR0.075 to be paid in the coming months. This, as well as the listing plan for the education division, would continue to drive its share price ahead.
15/11/2017 08:50
RVI123 Jeffrey Chew said before that the company may list its education arm. This will be a positive development to the company.
02/01/2018 00:56
RVI123 Another value unlocking move from Paramount. Paramount sells 9.4 acres Kota Damansara land for RM92mil. It is expected to make an after-tax gain on disposal of RM33.19mil.

http://www.theedgemarkets.com/article/paramount-sells-kota-damansara-land-rm92m
02/01/2018 21:57
enid888 PCB will be more and more efficient and profitable. The new CEO is doing a lot of strategic moves. Selling the education assets and the not immediately developable landbank to reduce the company debts and save on interest payments. The sales also unlock the values of the properties. In addition to that, PCB also works with Selangor State to develop RM1bil project near to Asiajaya LRT Station. The CEO is working hard and the future profits will increase.
03/01/2018 12:40
bclim_83 The education arm is valued at rm 700 million and current market value of paramount is merely over rm 700 million including its property arm. I hope mr jeffrey can fulfill his aim to increase the market value to over rm 1 billion. To achieve this, the share price should be ard rm 2.50.
05/01/2018 10:24
RVI123 Jeffrey said that the company will set up Sri KDU primary and secondary schools in Klang. The company also has plan to expand its education arm to China.
08/01/2018 17:46
RVI123 RM1.93 now.
12/01/2018 16:38
Rusli Widad Paramount Corp Bhd is buying 41.41 acres of land in Cyberjaya for RM149.71 million to build a gated and guarded landed residential development.

The group’s wholly-owned subsidiary Paramount Property (Lakeside) Sdn Bhd is buying the freehold land from Makmur Asiamaju Sdn Bhd, which is jointly owned by Areca Holdings Sdn Bhd (70%) and Setia Haruman Sdn Bhd (30%).

The proposed acquisition is in line with the group strategy of replenishing its land bank at locations with strong growth potential.
13/01/2018 07:26
Happykoo cyberjaya is a potential place ?
13/01/2018 08:23
AnonymousKLSE Next week will break RM2
13/01/2018 11:14
RVI123 Paramount's Sejati Residences in Cyberjaya is selling well. 90% of the landed properties have been sold until today. So, Paramount has bought this piece of 41.41 acres of land to continue developing landed properties in Cyberjaya. Therefore, it is an extremely good move.
14/01/2018 21:28
RVI123 Cyberjaya is resided with a lot of highly paid IT workers and programmers. There is still demand for high end gated and guarded landed properties as home is a basic need. That is the reason Sejati Residences are still doing quite well as it is selling high end landed properties with tight securities.
15/01/2018 12:28
alex89 Today dropped... will it drop further ?
16/01/2018 21:22
RVI123 Look at long term. Price should go up over a period of one year.
17/01/2018 13:37
RVI123 he Cyberjaya land is the best residential land you can find in whole Cyberjaya. It is even more beautiful and valuable than Paramount's existing development, Sejati Residences. The new land is overlooking a 40 acre man made lake and it is the only development with such a big and beautiful man made lake.
17/01/2018 13:47
RVI123 Market may be slower now but there are still quite a lot of genuine buyers in Cyberjaya who are buying units for their own occupations. As you know, the incomes of those IT workers are very high and they would want cosy homes to balance up with their dull IT works.
17/01/2018 14:09
alex89 Gonna staying stagnant for how long ? It maintains 0.90... No progress
23/01/2018 12:54
bclim_83 Expecting dividen soon from property sale gain and routine 2nd interim dividen. Total should be around 12-13 cent per share
26/01/2018 09:42
RVI123 Paramount may declare special dividend in the coming quarterly results announcement.
02/02/2018 14:55
bclim_83 Paramon achieved rm 337 million property sale from northen region, which was 40% of group total sale in 2017. That means the group had achieved total of rm 840 million property sale in 2017, which was double of last yr sale and the group record high. The group targeted rm 1 biliion sale next yr.
03/02/2018 07:09
bclim_83 https://www.google.com/url?sa=t&source=web&cd=4&ved=2ahUKEwiRqoWQrYjZAhUE5o8KHalTDA0QFjADegQIDRAB&url=http%3A%2F%2Fwww.chinapress.com.my%2F20180202%2F%25E7%2599%25BE%25E6%25A8%2582%25E5%259C%2592%25E6%2594%25BE%25E7%259C%25BC10%25E5%2584%2584%25E6%2588%25BF%25E7%2594%25A2%25E9%258A%25B7%25E5%2594%25AE%25E7%259B%25AE%25E6%25A8%2599%2F&usg=AOvVaw1VghM2tFz9qGzyguQEhDrm
03/02/2018 07:11
enid888 Property sales of Paramount

2016 RM420mil
2017 RM842mil
2018 RM1,000mil (Target)

What else can we expect from the management? They are doing extremely well.
04/02/2018 23:14