PARAMOUNT CORPORATION BHD
KLSE (MYR): PARAMON (1724)
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Last Price
1.14
Today's Change
-0.01 (0.87%)
Day's Change
1.14 - 1.16
Trading Volume
586,200
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
4 people like this. Showing 50 of 1,531 comments
The most is 2 more trading days before Paramount declare its final dividend, expecting it to be 3.5 sen to 4.5 sen.
Q1 FY 25 ending 31 Mac to be announced by end of May, forecast to be not less than 6 sen per share. Annualised profit for FY 2025 to be around 25 sen per share.
1 month ago
YTL & YTLP got big movement of going up last Friday, this Monday and Today. Long term, Paramount still a great company even if no declare dividend this few days.
1 month ago
According to what is written in latest Annual Report, only Interim and Second Interim dividends to declare from this year onwards. So 1st interim dividend will be declared in August and going to compensate for no final dividend for FY 23.
1 month ago
guys....read the AR, in fact this statement was announced before the AR2023!
For the benefit of shareholders, the Board of Directors of Paramount has resolved to adopt the practice of declaring second interim dividends, if any, as opposed to proposing final dividends, to enable shareholders to receive the dividends earlier.
1 month ago
Paramount next QR end of the month. Should report not less than 6 sen a share.
Since there was no Final Dividend declared, Interim Dividend to compensate for that, 6 sen dividend is likely to declare in August.
You want to wait for next QR report by end of the month, or you want to buy now? Your decision will make you make more profit or less merely depend on timeliness action.
1 month ago
What do you have to talk about Paramount share price? Slowly but surely on the way up. Q1 result out by end of the month.
https://klse1.i3investor.com/servlets/stk/chart/1724.jsp
1 month ago
Fabien _the efficient capital allocator
Interesting development. Paramount acquires 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m, cash.
1 month ago
Fabien _the efficient capital allocator
Since the divestment of its education businesses in 2018, Paramount has been on the look-out for opportunities to participate in new business interests for diversification of its earnings base, both locally and outside of Malaysia, all of which are within its 2020-2025 strategic plan. It has, since then, invested in several start-ups in the digital space and has expanded its property development activities overseas through a joint venture with a developer in Bangkok, Thailand.
The Acquisition presents a timely and strategic opportunity for Paramount to accelerate its overseas expansion and diversification plan. It enables Paramount to have control over a sizeable stake of 21.54% in a well-established international property development company which is governed within the Malaysian legal and regulatory landscape that is familiar to Paramount. Currently, this opportunity outweighs all other opportunities available to Paramount for overseas expansion after taking into consideration the complexities of a direct investment in foreign property development projects.
In addition, the Acquisition provides an opportunity for Paramount to explore potential
collaborations with EWI and its management team to create synergies by leveraging on the respective expertise and experience of both parties as property developers.
1 month ago
Paramount exposure to EWI investment in effect amounts to only 70 million, after taking into consideration 100 million it will receive via capital reduction amounted to 500 million.
To hold a strategic stake with mere 70 million is worth the risk. More so after receiving the special payout, Paramount has 517 million EWI shares to play the market. Only Liew Kee Sin cannot afford to lose control of the company, so leave it to Paramount to operate as it so wish. Again maximum risk is limited to 70 million.
Believe Paramount share price will react positively on Monday.
1 month ago
EWInt up by 2 sen with big volume, so it is a positive sign for Paramount to move in tandem.
Very likely Paramount will fly later today. All ground work done and the catalyst is the 21.5% new purchase of EWInt.
1 month ago
TOD by Paramount selling like hot cake.
https://www.youtube.com/watch?v=EvcS07zvBvg
Atwater residential towers all sold, result will reflect in Q1 by end of the month. More important is to see Atwater Commercial Towers almost ready and money is rolling in now. Anyone staying in PJ should be able to confirm that. Just passed by Atwater development on Sunday, all look so beautiful with glassy finishing touch.
https://www.youtube.com/watch?v=4OXi-z8tMTc
1 month ago
Fabien _the efficient capital allocator
Market reacted well to the acquisition. TA price target of 1.71 is still conservative at 0.7x of BV only.
4 weeks ago
Paramount Q1 result will be out within next few days. Still not too late to join the party.
3 weeks ago
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3447361
Paramount Corporation Berhad (Paramount) is pleased to announce that Paramount has on 15 May 2024 made a lodgement to the Securities Commision Malaysia (SC) for the establishment of an Unrated Islamic Medium Term Notes (Sukuk Wakalah) Programme of up to RM1.0 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Wakalah Programme), pursuant to the SC's Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework.
3 weeks ago
As it is approaching announcement of Q1 result, Paramount is gaining traction to speed up the legendary ascending process. What do you have to say now? Act fast and not to be left out!
2 weeks ago
EWInt is now at 43.5 sen. Paramount bought for 33 sen. Paper gain already more than 30%.
2 weeks ago
Paramount revenue and profit falls short for following reasons :
"Amongst the factors that had contributed to the lower revenue in 1Q 2024, compared to the sameperiod last year, were the lower work progress and sales. As for work progress in 1Q2024, the Group's sizeable projects such as Sinaran and Sinaran Avenue that are both located at Utropolis Batu Kawan in Penang, and also Phase 1 of Uptown Residences at Berkeley Uptown in Selangor, were at the final stages of completion resulting in comparatively lesser work completed this quarter.
On the other hand, the property segment sold properties with a gross development value (GDV) of RM101 million in the first quarter of 2024, 65% lower as compared to RM292 million in the same period last year.
The decline in sales was in line with fewer properties available for sale partly due to deferment in launches and delays in obtaining approvals from the authorities."
In addition to the above, CNY holidays also cut short working days and enforcement acted upon migrant workers did affect on the progress of work done. If you know Ogive Graph for construction works, you should note the faster construction work is done at the middle span with higher Progress Billing corresponding the the work done. Just have to note Unbilled Sales still stand at 1.2 billion, the faster you build, the faster is the conversion from Unbilled Sales to become revenue. Money not coming in this Quarter, but will come in next quarter. New projects in Ashwood (next to Atrium in Ampang Hilir) was launched in May, and Atera Phase 2 (3 more blocks of TOD next to Asia Jaya LRT Station) will definitely be great success to Paramount.
2 weeks ago
https://www.pcb.my/wp-content/uploads/2024/03/PCB-FY2023-IR-and-media-briefing-Final.pdf
Can have more inside information on Paramount
2 weeks ago
Guys, look at their media presentation from March 5, 2024. Their take-up rate is 81%, which means approximately RM593 million GDV (19% left) remains available for sales. And the sales for the first quarter was at RM101 million (about 17% from the RM593). There are no new projects until May 2024, which is the first project of the year. Therefore, the QR from yesterday was anticipated.
2 weeks ago
New launches amounting to 2.4 billion is taking place in first half of FY 2024, all are just the extension of existing projects.
2 weeks ago
I do agree I have overlooked at the Ogive Graph of construction of Atwater, Berkeley Uptown, Atrium and Sinaran, all were at the tail end of development just prior to VP. Lesser work done other than finishing touch-up. How to send progress billings to the purchasers?
Atera Phase 1 is full swing, surely can send more progress billings to the purchasers.
New high value developments (Ashwood and Atera Ph2) will propel Paramount to greater height.
2 weeks ago
Taking Atwater Service Residence as example (selling at rm 1100 psf) all were sold prior to VP in May 2024, Ashwood is for the super rich, and super rich won't be much affected by market environment.
2 weeks ago
Ashwood is a rm 781 million development. Selling price is from rm 17000 to rm 1900 per sq meter. Target buyers are international investors with rental more than rm 10000 per month.
https://www.youtube.com/watch?v=T5oiXtQKCv8
1 week ago
Atera Phase 1 is in full swing. Targeting young working professionals. Phase 1 consists of 756 units.
https://www.youtube.com/watch?v=PfScSPU9PwQ
https://paramountproperty.my/the-atera/site-progress/
1 week ago
Paramount is launching Atera Phase 2 in 3 blocks consisting 876 units of condominium in June. Gross Development Value is rm 915 million. Completion date within 1 year after VP of Atera Phase 1 condo.
It is like Sky condominium by IOIP in Bandar Puchong Jaya lauched over 2 phases, phase 1 (3 blocks), phase 2 (2 blocks). By the time phase 1 VP, phase 2 superstructure and landscaping already completed. There will be no disturbances and no noise pollution.
1 week ago
Posted by ks55 > May 30, 2024 9:38 AM | Report Abuse X
I do agree I have overlooked at the Ogive Graph of construction of Atwater, Berkeley Uptown, Atrium and Sinaran, all were at the tail end of development just prior to VP. Lesser work done other than finishing touch-up. How to send progress billings to the purchasers?
Atera Phase 1 is full swing, surely can send more progress billings to the purchasers.
New high value developments (Ashwood and Atera Ph2) will propel Paramount to greater height.
1 week ago
KS55 and supporters please help to flag red the OxB Macai #1`s posts.
This Penang guy posting low class dirty posts, obituaries.
Please send him back to his mother`s womb.
1 week ago
Paramount fast recovery in share price together with volume. Up to you to predict how it should move next week.
6 days ago
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@ ks55
Hope your recommended Paramount stock can perform next week.
ks55
The most is 4 more trading days before Paramount declare its final dividend, expecting it to be 3.5 sen to 4.5 sen.
Q1 FY 25 ending 31 Mac to be announced by end of May, forecast to be not less than 6 sen per share. Annualised profit for FY 2025 to be around 25 sen per share.
Ground work is now ready for Paramount to shoot to the moon. Today lowest 1.06 is only done 800 shares, majority is done at 1.07 (1.64 million shares). You should see substantial price movement tomorrow or by Friday.
1 month ago