RHB Retail Research

Technical Analysis - Paramount Corporation

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Publish date: Tue, 09 Oct 2018, 09:24 AM
rhboskres
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RHB Retail Research

Paramount Corporation’s upside move may persist after it continued holding above the rising 21-day SMA line. Yesterday’s white candle can be regarded as a continuation of the rebound that started off 2 Oct’s “Piercing Line” pattern. A bullish bias may appear above the MYR2.17 level, with an exit set below the MYR2.02 threshold. Towards the upside, the near-term resistance is at MYR2.30. This is followed by the MYR2.50 level.

Source: RHB Securities Research - 9 Oct 2018

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IMPORTANT NOTE AND ADVICE TO INVESTORS.

As an investor and pensioner I am very happy to have invested in Paramount. The quoted DY is given as 7.7%, in Star Biz and the website. Can the Paramon management confirm this DY as 7.7% which is very high indeed.In fact if this figure is correct, then I would strongly advise my coinvestors not to invest in PNB unit trusts ( like Amanah Saham or ASW) which only gives you an interest of 6% pa ( under its name called as distribution per unit ) or bank FD which gives up to interest of up to 4%pa.
You have to also remember that your investment in Paramon share is well protected and I have had this share for more than ten years. I am very happy invested in Paramont. Paramount corporation may call me at 03 78762572 for further clarification.
For your information I advise investors NOT to invest in any unit trust like Public Mutual which in general is nontransparent and their agents ( who are called as CONSULTANTS) only give you the half positive side and not the negative side such as the first management fee of 5.5% of your investment sum which is not accounted for also as the invested money. As a result your investment Unit Trust sum does NOT include the 5.5% you have paid first. For more information you are advised to call me at 03-78762572. Note I am not an agent of any Unit Trust company. Regards. A.D. Thanaraj AMN

2018-10-18 17:54

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