Highlights
KLSE: PARAMON (1724)       PARAMOUNT CORP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
1.28   0.00 (0.00%)  1.28 - 1.29  143,100
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Overview

Market Cap: 777 Million
NOSH: 607 Million
Avg Volume (4 weeks):251,168
4 Weeks Range:1.25 - 1.31
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:1.24 - 2.50
52 Weeks Price Volatility (%):
3.17%
Average Price Target: 2.32
Price Target Upside/Downside: +1.04
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  20-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  28-Feb-2020
T4Q P/E | EY: 8.18  |  12.23%
T4Q DY | Payout %: 4.42%  |  36.18%
T4Q NAPS | P/NAPS: 1.81  |  0.71
T4Q NP Margin | ROE: 11.61%  |  8.65%

Headlines

Date Subject
10-Sep-2019 百乐园丽阳股东一喜一忧/万年船
04-Sep-2019 资本开销40亿·百乐园拟拓共享办公室
03-Sep-2019 Stocks on Radar - Paramount Corporation (1724)
29-Aug-2019 PublicInvest Research Headlines - 29 Aug 2019
29-Aug-2019 Mplus Market Pulse - 29 Aug 2019
13-Aug-2019 受母股特别股息影响 百乐园WA短期波动大/温世麟硕士
05-Aug-2019 Mplus Market Pulse - 5 Aug 2019
16-Jul-2019 百乐园挑战RM2.53/敏源
12-Jul-2019 产业收入放眼5年占85%·百乐园下半年推7.83亿新楼盘
11-Jul-2019 PublicInvest Research Headlines - 11 Jul 2019
11-Jul-2019 Mplus Market Pulse - 11 Jul 2019
11-Jul-2019 Stocks on Radar - Paramount Corporation (1724)
26-Jun-2019 特别息逾40仙‧百乐园腾涨
11-Jun-2019 Inta Bina Group - Steady Earnings Growth Supported by Cheap Valuations
30-May-2019 PublicInvest Research Headlines - 30 May 2019
08-Mar-2019 PublicInvest Research Headlines - 8 Mar 2019
07-Mar-2019 Paramount aims for RM1b property sales this year
31-Dec-2018 Mplus Market Pulse - 31 Dec 2018
31-Dec-2018 PublicInvest Research Headlines - 31 Dec 2018
29-Nov-2018 减持教育业务‧百乐园瘦身或利产业

Business 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.
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  4 people like this.
 
moneymaker99 warrant not worth only 0.305, at least 0.50 above
06/08/2019 10:20 PM
warrior If warrant worth 50 sen, the mother share worth at least RM2.
07/08/2019 4:11 AM
warrior 1.79 + 50 = 2.29

Less premium ==> RM2
07/08/2019 4:13 AM
Syndicates something is brewing. big thanks to pusher
09/08/2019 12:31 PM
Syndicates TQ APEX and KENANGA, you guys are generous. a big philanthropy
09/08/2019 2:39 PM
Syndicates push higher let me regret please
09/08/2019 2:59 PM
Syndicates oh i'm regretful, inexperienced operator
09/08/2019 3:16 PM
anvil88 Ya I do agree to start accumulate this, I’ve done stock exchange and all into this, Paramon, and as I remember, they still have 177m special dividend to distribute, am I right?
10/08/2019 2:12 PM
Syndicates this stock will squeeze you no matter how high the nta is. but there's loser in warrant (who lost big during the first day of warrant) keep pump and dump to earn the spread. i love to swim with this kind of loser shark. LOSER
10/08/2019 8:44 PM
Syndicates change pattern please loser. too easy to win
13/08/2019 12:37 PM
Syndicates ask u to change pattern u dont want. now i make money from this stock until paiseh u know?
15/08/2019 11:13 AM
Legend Warrant play this afternoon
15/08/2019 12:46 PM
Legend moving now
16/08/2019 9:44 AM
andrew95 when this stock will break up? long waiting ady...
20/08/2019 9:59 AM
andrew95 anyone holding this stock?
20/08/2019 5:06 PM
andrew95 seems like all gv up on this stock lol
21/08/2019 12:31 PM
andrew95 sold all today~~~
21/08/2019 5:48 PM
andrew95 will buy back if tmr price get pushed down. QR shud be good i guess...
21/08/2019 7:28 PM
andrew95 seems like QR not good. price keep going down...
22/08/2019 9:32 AM
hng33 bought back paramount at 1.29
22/08/2019 10:27 AM
warrior Andrew95, the price is driven by syndicate, not coming QR result.
22/08/2019 11:32 AM
warrior The Paramount warrant is purely speculative play, safer to invest in Mother shares.
22/08/2019 11:34 AM
andrew95 i see...thx man.
22/08/2019 12:59 PM
andrew95 price still din goes up ya..
22/08/2019 4:28 PM
andrew95 Result out! QoQ very good!
22/08/2019 5:54 PM
andrew95 Prospect: Barring any unforeseen circumstances, the Group's financial performance for the financial year ending 31 December 2019 is expected to be better than the previous year upon completion of the
proposals involving the disposals of the Pre-Tertiary Education Group and the Tertiary Education Group.
Conclusion: Meaning next QR even more superb!!!
22/08/2019 6:10 PM
warrior 6.57 sen per share is very good , considering enlarged total shares, because of 2 for 5 shares bonus.
22/08/2019 7:31 PM
warrior If not diluted, the profit per share is 6.57 x 7/5= 9.2 sen per share
22/08/2019 7:33 PM
andrew95 yeahhh. and the director gv 2 sen for dividend also nt bad already after share price get diluted
22/08/2019 7:38 PM
Legend hopefully fly today
23/08/2019 9:03 AM
Legend watch paramount this afternoon
23/08/2019 11:19 AM
ttgipoh good bet
23/08/2019 11:59 AM
Hafid news outdated. profit down
23/08/2019 12:19 PM
Legend ready to fly..wow
02/10/2019 10:41 AM
hng33 sold back at 1.39
02/10/2019 10:54 AM
Kwong2018 2.00 is coming ..
02/10/2019 10:54 AM
Legend yessssss...uptrend momentum
02/10/2019 10:57 AM
RVI123 Did anything happen for the sudden surge?
03/10/2019 12:57 AM
L19th Me too :-)
17/10/2019 5:14 PM
RVI123 When will the sale of Paramount Education be completed? Can it be completed in Q4?
06/11/2019 12:37 AM
Kenny Yap Looking forward the forthcoming positive Q3 results & Disposal timeline by Dec'19... Price will rocket!!!
11/11/2019 12:29 AM
hng33 https://uowmkdu.edu.my/photo_gallery/uow-kdu-press-conference-2019/
19/11/2019 12:01 PM
hng33 Paramount looking at monetising RM690mil assets

Paramount Corp Bhd’s move to re-strategise its investments by gradually moving out of education and putting more money into property development may appear countercyclical at the moment, to say the least.

The decision to reduce its exposure in the education business that offers a stable revenue in favour of the property business amid challenging market conditions, has raised concerns.

However, Paramount group chief executive officer Jeffrey Chew (pic) believes “the time is right considering the soft market conditions”. As it turns out, the group’s strategy seems to resonate well with investors.

Year-to-date, the stock has outperformed the Bursa Malaysia Property Index, even as sentiment in the local property market remains subdued.

On June 21, the group’s share price hit an all-time-high of RM2.23, following the announcement on the divestment of Paramount’s stake in its K-12 education business for RM540.5mil.

Chew tells StarBizWeek that cash generated by monetising Paramount’s education business will mainly go towards landbanking activities and project developments.

The approach is in line with Paramount’s aspirations to become a pure-play property company.

On top of the divestments announced in the recent years, Paramount is looking at three potential ways to monetise up to RM690mil worth of assets over the next seven years. “Firstly, we can dispose of our remaining equity in K-12 over the next three to five years, which will give us about RM160mil.

“Secondly, we can raise up to RM50mil by monetising our remaining stake in the tertiary business comprising KDU University College Sdn Bhd (KDUUC), KDU University College (PG) Sdn Bhd (KDUPG) and KDU College (PJ) Sdn Bhd.

“Finally, we can monetise the campus assets leased previously to University of Wollongong. This can be done via a real estate investment trust and can raise about RM480mil,” says Chew.

When asked whether the move to invest more in landbanking efforts was akin to “going against the tide”, Chew disagrees.

“Yes, the property market is soft today, but this is the time where a lot of land owners are a little more reasonable in expectations in selling land or doing joint ventures.

“If you look at the current land bank that we have, we have RM7bil to RM8bil in gross development value. As we exhaust all the land bank, we need to replenish and as a property developer, it is good to continue having land bank to fund your growth,” he says.

On June 21, Paramount proposed to sell its controlling interest in three wholly owned subsidiaries – Paramount Education Sdn Bhd, Paramount Education (Klang) Sdn Bhd and Sri KDU Sdn Bhd – to Two Horses Capital Sdn Bhd for a cash consideration of RM540.5mil. TPG Capital Asia, the Asian investment platform of global alternative asset firm TPG, will provide financing to THC as well as strategic and operational support, including leveraging on its network and experience in the education sphere.

Following the completion of the proposed disposal, Paramount will only hold 30.3% in Paramount Education and 20% each in Paramount Education (Klang) and Sri KDU.

An industry observer described the divestment as a “good deal with a very good price”, considering the price-to-earnings ratio of about 16 times.

Paramount plans to use 32.7% of the proceeds raised from the K-12 divestment 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.

The group also plans to use RM150mil to replenish its land bank and RM133.66mil to repay its borrowings.

In its report last month, RHB Research Institute pointed out that Paramount’s value-unlocking exercise for the K-12 education unit will be important in reducing its gearing level.

As of end-May, the group’s gearing level stood at 0.93 times, excluding private debt securities.

With the divestment of controlling stake by Paramount, the involvement by THC and TPG Capital Asia in the K-12 business will be key for its future growth and regional expansion.THC is led by two corporate figures with proven experience in the education space namely Tunku Ali Redhauddin Tuanku Muhriz and Datuk Ganen Sarvananthan.

Tunku Ali is also the senior advisor to TPG Capital Asia, which Ganen is a managing partner at the firm.

A source tells StarBizWeek that TPG Capital Asia is looking at expanding the K-12 education business nationwide and across Southeast-Asia.

“The firm has already invested in Vietnam Australian International School that has seven campuses in Ho Chi Minh City. The plan is to include it with the K-12 business,” he says. Over the last several years, Paramount has gradually reduced its exposure in the education segment.

In 2017, the group sold its Sri KDU Campus in Petaling Jaya for RM165mil to unlisted Alpha REIT, which led to Paramount dishing out a bumper dividend of 16 sen
19/11/2019 12:10 PM
thesteward Paragon result v good bro Hng. Comgrats
20/11/2019 5:15 PM
hng33 From the latest Paramount result, assets held for sale worth RM 619.4m to be recognized within these month or next Dec, to be completed by Q4 2019.

Once assets completion done, it will follow by RM 177m payout as special dividend to reward shareholder, worth 29sen/share
20/11/2019 5:37 PM
hng33 https://www.theedgemarkets.com/article/paramount-3q-net-profit-doubles-disposal-gain
20/11/2019 7:13 PM
thesteward Wah great !!!!!
Waiting patiently for special dividend
20/11/2019 9:02 PM
thesteward Rm177 million payout as special dividend will be yummmmmyyy
20/11/2019 9:22 PM
hng33 I strongly believe as Chinese oriented stock, paramount will immediately opt to declare special dividend payout the moment the divestment of its k12 education complete within these few week time.

The payout RM 177m to reward shareholder will give rise to 29sen/share special dividend. The declaration of entitlement should in December and payment time should be next year Jan, before CNY in 25 Jan 2020, every paramount shareholder should get these handsome Angpau to celebrate CNY.
20/11/2019 9:38 PM
thesteward Yes yes I believe you are right bro Hng ...I check the previous 2/3 years every year got one interim and one special dividend . This co directors really know how to appreciate loyal investors n their performance has been pretty impressive .
21/11/2019 12:02 AM


 

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