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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.
  enid888 Another general offer today Daiman Major shareholder offers to buy at RM3.00 a share. Last trading price was RM2.17 per share. The offer is 38.2% higher than the last trading price. This is the proof that property counters are trading at "lelong" price just like Paramount. 27/08/2018 6:31 PM bclim_83 The share price is moving up because it is undervalued. Not easy to find a company with well established education arm and property development arm 28/08/2018 4:56 PM enid888 Jeffrey Chew has already announced in the quarter result press conference that some land and properties will be sold. The values of the land will be unlocked with substantial gains on disposal. Wait for good news being announced when the deals are confirmed. 28/08/2018 10:54 PM shpg22 Price up because investor expecting special dividend from land disposal. Overall operating performance is mediocre. 04/09/2018 10:49 AM big77 This counter is good for long term investment because of KDU, the education arm of the company can provide long term and steady income to Paramount. 04/09/2018 5:31 PM bclim_83 Share price up is not because investors are expecting dividend from land disposal but because of the future earning prospect with unbilled sale and new property sale at record high. Of course in the future there is high likelihood the company will reward the shareholders if it monetised the education assets, jz like it did this year with total of 16cent dividend per year 05/09/2018 3:35 PM afterlight If today no support coming in, I foresee this will crush back down to 1.8 on the T+3 settlement date 04/10/2018 10:49 AM thanaraj The DY for paramount as quoted by Star is 7.62%. This combined with a devoted and capable CEO is a good share to buy for investors.Note very few counters can give you a DY as high as 7% like that of Paramount. I urge investors to buy this share instead of placing yr money in FD or Public Mutual.Also after buying this share, I strongly recommend you to attend its AGM to know how well this counter is managed. What I like in this counter is that you do not get door gifts at the AGM like many other counters. A.David 20/10/2018 5:49 PM novice2017 Paramount just announced to propose Bonus issue 2 for 5 with 2 free warrants, any comment? Can buy? 09/11/2018 6:36 AM RVI123 Partnership with University of Wollongong to improve the standard of KDU UC. https://www.edgeprop.my/content/1446125/paramount-expects-rm20m-profit-partnership-aussie-varsity 19/11/2018 1:01 PM shpg22 7.6% DY is with special dividend as result of one-off sale of land. Normal DY is only around 4.0%. Its balance sheet has deteriorated over the years as a result of imbalance dividend payout vs cash flow in other words getting more debts to pay dividend which is not sustainable. 21/11/2018 3:02 PM RVI123 Holding strong even market is going down in the last 2 months. Start to inch up now. 03/01/2019 3:03 PM enid888 The property market is expected to improve this year. Maybank IB expects that the ongoing "National Home Ownership Campaign" between 1/1/19 to 30/6/19 is going to increase the housing sales substantially. In the last "National Home Ownership Campaign" in 1999, the overall property market sales increased by 36% as compared to 1998. Paramount as an active developer will participate and benefit from this campaign in a big way. http://www.sinchew.com.my/node/1828733/%E9%94%80%E5%94%AE%E8%A7%A6%E5%... 09/01/2019 12:09 AM enid888 Now is the best time to buy property counters like Paramount at the bottom of the property cycle. 09/01/2019 12:09 AM enid888 National Homeownership campaign to be held in KL Convention Centre from 1/3/19 to 3/3/19. http://www.theedgemarkets.com/article/national-homeownership-campaign-... 11/01/2019 1:03 PM thanaraj Before Paramount's DY was nearly 7% but now it is 4.06%. Current ROE =8.83% which I consider is relatively very low compared to Nestle Malaysia and Dutch Lady which have ROE of more than 90%. But u cannot compare like that coz market share prices of the latter are very high. A a long time investor in Paramount , I do not really comprehend why Paramount's ROE is very low. May I request the Management of Paramount or its Board of Directors to explain to me and other share holders how they arrived at its ROE is 8.83%. My remiser and dealer could not help me on this value of 8.83%. My request is made without prejudice but just for me who is a mathematician interested in this as an academic exercise. You may call me at H/p 0162106947 or at jesdav36@gmail.com. Tks A.David 19/06/2019 4:49 PM shpg22 Should pare down its excessive debt and improve its deteriorating balance sheet as a result of paying dividend that it cannot afford. High dividend payout is sustained thru disposal of asset, debts and rights issue rather than from FCF. In turn, its share price is sustained thru its high dividend payout. This is one mediocre management that is good at hiding skeleton. 20/06/2019 1:18 PM Jack888 https://www.thestar.com.my/business/business-news/2019/06/20/paramount-corp-selling-education-business-for-rm540pt5m-cash/ 20/06/2019 3:55 PM cefiro22 Paramount...will pay RM177 million by way of special dividend to shareholders. https://www.thesundaily.my/business/paramount-to-pay-rm177m-special-dividend-from-stakes-sale-in-subsidiaries-for-rm540-5m-GG998967 This is what matters to me as it's long time investor seeing it evolved from Malaysia Rice Industries Berhad, taken over and got listed around 1980, then grew ...and never looked back. 20/06/2019 4:12 PM Matcha Green Tea @Sleang, NOSH 428mil, Special Div 177mil, sounds like it is 41.3cents. 21/06/2019 12:53 PM sleang thanks matcha :) money in the pocket always gives a better feeling than in company's bank acc ^_^ 21/06/2019 1:58 PM Hoo SH Wrong.......!!! 630,not 428...if plus bonus issue of 180....so.....how much u get??? 21/06/2019 4:38 PM thanaraj ROE of Paramount has been quoted now as 8.83% but I could not find any where how this quoted figure for ROE has been derived at. Can any one help me to justify how this figure was arrived. I reckon that with such a situation combined with the lack of a fixed date for implementation of the bonus announced earlier ( by the CEO Jeffrey) will most likely cause to continue the price of the share to vary with time. This may be a blind speculation on my part. I would like other share holders and the CEO to comment on my statement without any prejudice to the Company.Serious.Investor. . 22/06/2019 4:06 PM enid888 Paramount gets shareholders approval for selling - K12 education division. - KDU University College and KDU College to University of Wollongong After the sales, Paramount will be focusing on its property development business and possibly venturing into Vietnam, a red hot booming property market for the next 10 years. https://www.thestar.com.my/business/business-news/2019/07/10/paramount-shareholders-ok-sale-of-education-business/ 10/07/2019 4:23 PM enid888 Paramount maintains its sales target at RM1bil for 2019. It is launching RM784mil of property development for 2nd half of 2019. The projects are in Berkeley Uptown, Kemuning Idaman, Sejati Lakeside and Utropolis Batu Kawan. https://www.theedgemarkets.com/article/paramount-launch-four-projects-worth-rm783m-gdv-2h19 10/07/2019 4:29 PM hng33 It plans to use 32.7% of the proceeds or RM177mil – the largest portion of its intended utilisation – as a special cash dividend for its shareholders within six months of the completion of the disposal. 10/07/2019 8:27 PM hng33 Entitlement date for bonus and free warrant on 24 July 1. Bonus share 2 for 5 2. Free warrant 2 for 5 (exercise price for warrant RM 1.79) Upcoming next catalyst will be special dividend 3. Special dividend RM 177m or 29.3sen/share (ex-bonus share) 11/07/2019 5:30 PM novice2017 Any reason keep climbing? Any target price? Seems still a good buy with 5 for 2 bonus and warrants. And the 29.3sen special dividend after bonus issue. 15/07/2019 9:59 AM Layman Paramount told Bursa Malaysia that it had on June 19 entered into a conditional share sale and purchase agreement with Character First Sdn Bhd and Two Horses Capital Sdn Bhd for the disposal at an enterprise value of RM861 million, subject to approval by the Education Ministry and shareholders. (https://www.thesundaily.my/business/paramount-to-pay-rm177m-special-dividend-from-stakes-sale-in-subsidiaries-for-rm540-5m-GG998967) ***** Generally, how long does such an approval from a Govt. Ministry take? 15/07/2019 10:13 AM  |
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