PARAMOUNT CORPORATION BHD

KLSE (MYR): PARAMON (1724)

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Last Price

0.685

Today's Change

+0.005 (0.74%)

Day's Change

0.67 - 0.69

Trading Volume

17,400


4 people like this.

1,370 comment(s). Last comment by Serious 1 month ago

Posted by MrRightMrLeft > 2021-05-03 22:46 | Report Abuse

Come back next year bro..next yr mayb..2gether with improving market sentiment, qud QR n also digital bank license..

Posted by MrWinMoney > 2021-05-03 23:00 | Report Abuse

Noted with thanks sir

Hafid

1,105 posts

Posted by Hafid > 2021-05-22 07:32 | Report Abuse

The lending business will be a long time digestion and bad economy, lending to startup.

lofan73

216 posts

Posted by lofan73 > 2021-05-24 23:59 | Report Abuse

so sad to hear tht datuk Teoh is no longer ard . very nice n generous businessman

Tashan

117 posts

Posted by Tashan > 2021-05-25 10:22 | Report Abuse

RIP Mr. Chairman.

Posted by OneSmallStep > 2021-05-28 13:01 | Report Abuse

Another 2.5 dividend announced today. Hv I read correctly?

Posted by SmallSexyPig > 2021-07-01 08:52 | Report Abuse

Buy while you can at this ridiculously low price.

Posted by fortunefire > 2021-07-01 11:20 | Report Abuse

there is only 5 digital banking license. what makes us think that paramount can win over from other big players?

seenyou

58 posts

Posted by seenyou > 2021-07-01 16:17 | Report Abuse

Yes, it is unlikely PCB wins the license but doesn't hurt to buy low & hold. The current price is a discount IMO. Current GCEO is ex-OCBC. Current GCEO & CEO of Paramount Prop Dev has stakes in Fundaztic too. Dividends stable. Why not?

Posted by MrRightMrLeft > 2021-07-02 23:27 | Report Abuse

5 license out of 29 applicants..what the odd u think

Posted by fortunefire > 2021-08-09 11:51 | Report Abuse

dropping everyday. tp 0.68

Posted by Fabien _the efficient capital allocator > 2021-08-13 19:29 | Report Abuse

Property developer Paramount Corp Bhd has completed its first fintech investment by acquiring a 30% stake in Omegaxis Sdn Bhd, the holding company of Peoplender Sdn Bhd, the operator of peer-to-peer (P2P) financing platform Fundaztic.

Paramount noted that its investment in Omegaxis is in line with its five-year (2020-2024) strategic plan to identify new sources of earnings, particularly those in the digital space, to future proof the group for long term sustainability.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-20 16:46 |

Post removed.Why?

Posted by fortunefire > 2021-08-23 11:43 | Report Abuse

property development business is not moving till phase 4 i think....

Posted by risktoreward > 2021-08-27 19:30 | Report Abuse

Paramount after disposal of its education arm, is no longer the same horse it was dy

ocbc

360 posts

Posted by ocbc > 2021-09-02 16:49 | Report Abuse

Yes, now moving into Digital Banking....

Posted by fortunefire > 2021-09-24 11:31 | Report Abuse

Will this Evergrande effect makes MY property stocks drop further?

Posted by investortrader88 > 2021-10-26 13:20 | Report Abuse

Managed to get some tickets from my queue this morning at RM 0.765.good luck guys.

Posted by fortunefire > 2021-11-16 09:45 | Report Abuse

down trend?

Posted by NatsukoMishima > 2021-12-08 20:53 | Report Abuse

Cash flow got problem ?? Keeps selling land !!

Posted by fortunefire > 2021-12-15 10:19 | Report Abuse

TP: 0.60 is coming?

ahbah

5,087 posts

Posted by ahbah > 2021-12-15 10:23 | Report Abuse

Why coming ?

Posted by fortunefire > 2021-12-16 09:02 | Report Abuse

will today drop below 0.65?

Tashan

117 posts

Posted by Tashan > 2021-12-16 10:07 | Report Abuse

Are you mad?

Posted by fortunefire > 2021-12-17 16:18 | Report Abuse

just matched 0.67.... yummy.

ychong88

40 posts

Posted by ychong88 > 2022-02-18 17:42 | Report Abuse

why this counter no move, it also have apply for digital banking license woh.

Tashan

117 posts

Posted by Tashan > 2022-02-19 13:34 | Report Abuse

Probably won't get. Has no politico connection.

Serious

139 posts

Posted by Serious > 2022-02-20 10:50 | Report Abuse

"Malaysia's real estate market is going to recover very soon. Usually, there are 6 months lagging effect between the recovery of banking stock and the real estate market. Hence, we might see a property market rebound soonest by Mar 2022."


https://klse.i3investor.com/blogs/donkeystocks/2022-02-18-story-h15991...

moonasia

105 posts

Posted by moonasia > 2022-02-26 01:53 | Report Abuse

如果你是在2012年中用了15千来买了100,000share的paramon,加上公司的5送2 &送2warrant,那么你现在就拥有140,000股的paramon & 40,000的wa.
当年的15千现在140千股x0.675=94,500,还有3000元的wa=97,500.还有2019之前拿了64.75分的股息=64,750. 2019加上送的股40千股=140千股,140千 x 38分的股息=53,200.不到10年股息就有117,950,加上140千股的股价94,500 =212,450.00 .
各位大师们,1416%的回酬,会比十年前买大众银行差吗?

Posted by Fabien _the efficient capital allocator > 2022-03-04 15:36 | Report Abuse

As applications for BNM's five digital banking licences enter their final stage of approval ahead of the central bank's announcement on the successful applicants in March 2022, Chew said Paramount is now ready to share its digital bank strategy.

Responding to a question on whether Paramount is confident of securing a digital banking licence from BNM, Chew said he sees a more than 50% chance of the group securing one.

Serious

139 posts

Posted by Serious > 2022-03-05 14:50 | Report Abuse

KUALA LUMPUR: Paramount Corp Bhd plans to launch RM1.3 billion worth of properties in the financial year ending Dec 31, 2022 (FY2022), a 48 per cent increase from last year?s allocation, banking on the economic recovery and as Malaysia enters the endemic stage.
Group chief executive officer Jeffrey Chew Sun Teong said the group also targeted higher property sales in FY2022 of RM1 billion.
"Our property prices are ranging from over RM300,000 to the high-end prices. We are targeting a big portion of M40 and some of T20 as well,? he said during the analysts and media briefing on the group?s financial performance for the financial year ended Dec 31, 2021 (FY2021) today.
Out of the RM1.3 billion property launches planned, 32 per cent or RM408 million would be the group?s existing projects at Sungai Petani in Kedah, Penang as well as Sepang in Selangor. The group has also outlined property launches for its new developments in Shah Alam, Cyberjaya and Petaling Jaya worth RM872 million.
Chew said Paramount?s unbilled sales stood at RM1.1 billion for FY2021 which is expected to help its cashflow moving forward.
https://www.thestar.com.my/business/business-news/2022/03/04/paramount...

Serious

139 posts

Posted by Serious > 2022-03-18 07:05 | Report Abuse

Paramount expands footprint in e-commerce with Commerce.Asia buy
By NST Business - March 17, 2022 @ 12:54pm
KUALA LUMPUR: Paramount Corp Bhd has invested RM10 million in Commerce DotAsia Ventures Sdn Bhd (Commerce.Asia).

Commerce.Asia is an all-in-one e-commerce ecosystem that provides one stop, end-to-end e-commerce solutions for brands, businesses, and small and medium enterprises (SMEs) in Southeast Asia.

Paramount said the investment was made through its wholly-owned investment vehicle Magna Intelligent Sdn Bhd (Magna) and Magna's 30 per cent-owned associated company, Omegaxis Sdn Bhd, which owns Fundaztic.
"This is in line with Paramount's five-year (2020-2024) strategic plan to identify new sources of earnings, particularly in the digital space. "Paramount is also the lead applicant of a consortium applying to Bank Negara for a digital banking licence," the company said in a statement today. It said the pandemic had shifted consumer behaviour and accelerated e-commerce adoption worldwide over the past two years.
As such, the company's investment in Commerce.Asia was timely given its end-to-end ecosystem, track record, and business model which has almost doubled in revenue since 2020 and turned profitable in 2021, said Paramount corporate strategy and investment head Tracy Gan.

Commerce.Asia manages all aspects of customers' online businesses, from developing their online stores to managing product sales across multiple e-marketplaces, including warehousing, payment, delivery, marketing, and order management.

The company currently has over 92,000 active sellers who use its various platforms, with a group gross merchandise volume (GMV) of RM6.7 billion last year.

"The convergence of two fast emerging trends – fintech and e-commerce – serves as the platform for Fundaztic to provide financing to Commerce.Asia's network of merchants utilising advanced data analytics and insights," said Gan, adding that it also deepens and broadens the merchant ecosystem available to the Paramount Group.

Fundaztic is one of the first peer-to-peer (P2P) financing platforms in Malaysia licenced by the Securities Commission. It has disbursed close to RM150 million, supporting more than 2,350 micro to small and medium enterprises since 2017.

ocbc

360 posts

Posted by ocbc > 2022-04-08 09:59 | Report Abuse

Digital Banking license coming ?

Posted by fortunefire > 2022-04-08 14:22 | Report Abuse

coming soon. share price will go up another 50%

ocbc

360 posts

Posted by ocbc > 2022-04-29 15:09 | Report Abuse

Digital bank .....finally coming....

Tashan

117 posts

Posted by Tashan > 2022-05-05 10:58 | Report Abuse

Been selling a lot of assets starting from KDU, Shah Alam complex etc. Now that it didn't get the digital banking licence, what is to become of the pile of cash it is sitting on?

ocbc

360 posts

Posted by ocbc > 2022-05-06 11:35 | Report Abuse

pile of cash going to collect more interest....

Posted by fortunefire > 2 months ago | Report Abuse

big pile of cash.... yummy

Posted by investortrader88 > 2 months ago | Report Abuse

My average price this counter RM0.765.will comtimue to hold
.good luck guys

Posted by sthamn5039 > 2 months ago | Report Abuse

park here...dividen coming....

Posted by fortunefire > 2 months ago | Report Abuse

nice price. must buy now

diggerDC

29 posts

Posted by diggerDC > 1 month ago | Report Abuse

walaoeh what happened here???

Serious

139 posts

Posted by Serious > 1 month ago | Report Abuse

Don't know leh.

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