Posted by ks55 > 2 months ago | Report Abuse

Too bad. Paramount is not declaring final dividend. Change of policy.

Posted by Invest_888 > 2 months ago | Report Abuse

Dividend stock no declaring dividend means no performing.

Posted by Invest_888 > 2 months ago | Report Abuse

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.

Posted by ks55 > 2 months ago | Report Abuse

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.

Posted by AhHuat01 > 2 months ago | Report Abuse

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.

Posted by ks55 > 1 month ago | Report Abuse

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.

Posted by StartOfTheBull > 1 month ago | Report Abuse

One of the most lagging behind property stock.

Posted by JacNgu > 1 month ago | Report Abuse

time is ripe for a rally

Posted by ks55 > 1 month ago | Report Abuse

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

Posted by Fabien _the efficient capital allocator > 1 month ago | Report Abuse

Interesting development. Paramount acquires 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m, cash.

Posted by Fabien _the efficient capital allocator > 1 month ago | Report Abuse

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.

Posted by ks55 > 1 month ago | Report Abuse

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.

Posted by ks55 > 1 month ago | Report Abuse

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.

Posted by fortunefire > 1 month ago | Report Abuse

never underestimate JC. He's definitely a smart ceo.

Posted by StartOfTheBull > 1 month ago | Report Abuse

https://www.sinchew.com.my/news/20240513/finance/5605465

Posted by StartOfTheBull > 1 month ago | Report Abuse

Slowly 🐢 but surely broke new high.

Posted by ks55 > 1 month ago | Report Abuse

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

Posted by Fabien _the efficient capital allocator > 1 month ago | Report Abuse

Market reacted well to the acquisition. TA price target of 1.71 is still conservative at 0.7x of BV only.

Posted by ks55 > 1 month ago | Report Abuse

Paramount Q1 result will be out within next few days. Still not too late to join the party.

Posted by neohts > 1 month ago | Report Abuse

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.

Posted by diuleiloumei > 1 month ago | Report Abuse

this is cun cun punya call ke ?

Posted by ks55 > 1 month ago | Report Abuse

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!

Posted by fortunefire > 1 month ago | Report Abuse

special dividend is coming?

Posted by ks55 > 1 month ago | Report Abuse

EWInt is now at 43.5 sen. Paramount bought for 33 sen. Paper gain already more than 30%.

Posted by JacNgu > 1 month ago | Report Abuse

doesn't look promising. hehehe

Posted by neohts > 1 month ago | Report Abuse

Results out. Profit down.
Tomorrow share most probably down.

Posted by serbatipu > 1 month ago | Report Abuse

Kiong gang liao la KS, PANLAI betul

Posted by ks55 > 1 month ago | Report Abuse

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.

Posted by ks55 > 1 month ago | Report Abuse

https://www.pcb.my/wp-content/uploads/2024/03/PCB-FY2023-IR-and-media-briefing-Final.pdf

Can have more inside information on Paramount

Posted by AhHuat01 > 1 month ago | Report Abuse

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.

Posted by ks55 > 1 month ago | Report Abuse

New launches amounting to 2.4 billion is taking place in first half of FY 2024, all are just the extension of existing projects.

Posted by ks55 > 1 month ago | Report Abuse

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.

Posted by ks55 > 1 month ago | Report Abuse

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.

Posted by ks55 > 1 month ago | Report Abuse

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

Posted by ks55 > 1 month ago | Report Abuse

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/

Posted by ks55 > 1 month ago | Report Abuse

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.

Posted by fortunefire > 4 weeks ago | Report Abuse

almost all property counters gone up except for paramount. what a shame.

Posted by diuleiloumei > 3 weeks ago | Report Abuse

Looks like syok sendiri posting

Posted by sell > 3 weeks ago | Report Abuse

No wonder need to buy lousy QR Ewint. Paramount latest QR getting worse.

Posted by ks55 > 3 weeks ago | Report Abuse

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.

Posted by Jonathan168138 > 3 weeks ago | Report Abuse

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.

Posted by ks55 > 3 weeks ago | Report Abuse

Paramount fast recovery in share price together with volume. Up to you to predict how it should move next week.

Posted by diuleiloumei > 3 weeks ago | Report Abuse

Kaki Kong kaki song

Posted by ks55 > 1 week ago | Report Abuse

Atera selling price from rm 633k to rm 1.16 million

https://www.aproperty.com.my/listings/the-atera

Posted by fruitcake > 1 week ago | Report Abuse

kimlun best

Posted by fruitcake > 1 week ago | Report Abuse

awc also best

Posted by fruitcake > 6 days ago | Report Abuse

ibraco better. switch for faster recovery💊🤕🤣😂 + dividend

Posted by fruitcake > 5 days ago | Report Abuse

short para & long ibraco

Posted by fruitcake > 1 day ago | Report Abuse

sell to below 1 & buy ibra

Posted by fruitcake > 1 day ago | Report Abuse

tunggu lama 1.00