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?

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

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

Posted by fortunefire > 2022-05-24 09:23 | Report Abuse

big pile of cash.... yummy

Posted by investortrader88 > 2022-05-27 22:31 | Report Abuse

https://www.theedgemarkets.com/article/paramount-1q-profit-doubles-its-property-business-has-fewer-operational-disruptions

Posted by investortrader88 > 2022-05-27 22:32 | Report Abuse

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

Posted by sthamn5039 > 2022-06-02 21:03 | Report Abuse

park here...dividen coming....

Posted by fortunefire > 2022-06-14 10:33 | Report Abuse

nice price. must buy now

Posted by diggerDC > 2022-06-23 20:30 | Report Abuse

walaoeh what happened here???

Posted by Serious > 2022-07-15 07:40 | Report Abuse

Don't know leh.

Posted by investortrader88 > 2022-08-27 07:14 | Report Abuse

https://www.theedgemarkets.com/article/paramount-declares-25-sen-dividend-2q-profit-jumps-stronger-revenue

Posted by fortunefire > 2022-08-29 14:12 | Report Abuse

YoY earning is improving. TP 0.80 up?

Posted by fortunefire > 2022-09-22 15:07 | Report Abuse

Saw today's announcement about the redemption of RM50mil from the PDS program. Does it mean that the company receives extra cash of RM50mil for this quarter?

Posted by Fabien _the efficient capital allocator > 2022-09-27 21:36 | Report Abuse

60mil sales proceed from KDU DJ campus - 2.5sen DPS
120mil sales of remaining stakes in education units - 74.63mil for distribution (12sen DPS)

Further asset monetization exercises in progress with carrying value of RM600mil

Posted by fortunefire > 2022-09-28 15:10 | Report Abuse

RM600mil by year end? sure??

Posted by Serious > 2022-09-29 15:39 | Report Abuse

Incredible management in this company

Posted by fortunefire > 2022-10-06 14:17 | Report Abuse

the CEO is increasing his stakes.

Posted by fortunefire > 2022-10-08 13:45 | Report Abuse

https://www.scmp.com/week-asia/lifestyle-culture/article/3045625/how-singapores-schools-prime-youth-success-hong-kong?module=perpetual_scroll_1&pgtype=article&campaign=3045625

then why wanna sell K-12 business?

Posted by AhHuat01 > 2022-10-10 10:47 | Report Abuse

sell and declare dividend instead of re-invest into the company to further expand the business....

after the dividend ex-date, share price going to drop further...GG... no ppl want to but this counter....

Posted by fortunefire > 2022-10-21 09:12 | Report Abuse

interest rate hike, not many people can afford to own a house. their digital banking business is still at the infant stage.

Posted by investortrader88 > 2022-11-25 21:09 | Report Abuse

https://www.theedgemarkets.com/article/paramounts-3q-net-profit-leaps-100-times-sale-dj-campus-and-strong-property-division

Posted by hng33 > 2022-11-29 10:29 | Report Abuse

bought paramount at 74-75sen

Posted by fortunefire > 2022-12-05 14:33 | Report Abuse

waiting for special dividend

Posted by hng33 > 2022-12-07 14:28 | Report Abuse

Special dividend 12sen should be announced by these month and payment next month Jan 2023, likely before CNY :D)

Posted by hng33 > 2022-12-09 11:31 | Report Abuse

added balance capital to Paramount at 75-75.5sen

Posted by fortunefire > 2022-12-13 10:19 | Report Abuse

hidden gem.

Posted by birkincollector > 2 months ago | Report Abuse

wen dividend

Posted by fortunefire > 2 months ago | Report Abuse

will special dividend be announced in Feb?

Posted by birkincollector > 1 month ago | Report Abuse

dividend coming? lol

Posted by fortunefire > 1 month ago | Report Abuse

huat ah!

Posted by yaphoikiong > 1 month ago | Report Abuse

This share price will be 1.30 around because of higher special dividend

Posted by bojed > 1 month ago | Report Abuse

Already performed a strong flag breakout pattern that not only torn the ceiling but the roof as well in one go.

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

Based on market price action, seems like special dividend announcement is coming soon...

Posted by fortunefire > 1 month ago | Report Abuse

good news is around the corner

Posted by diggerDC > 1 month ago | Report Abuse

the previous special dividend in Feb 2020, the price also shot up 1 month before announcement .

I guess the same is happening now

Posted by hng33 > 1 month ago | Report Abuse

:D)

Posted by birkincollector > 4 weeks ago | Report Abuse

yay finally special dividend of 0.12 ex-date 17th march

Posted by yaphoikiong > 4 weeks ago | Report Abuse

Final dividend also 0.035, congratulation

Posted by hng33 > 4 weeks ago | Report Abuse

Biggest ever unbilled sale RM 1.4 billion to be progressive recognized forward. Turnaround co working office business model is big success for paramount. Strong cash flow allowing paramount to continue rewarding shareholder with 3.5sen final + 2.5 sen interim dividend on top of one off special dividend 12sen

Posted by value_seeker > 4 weeks ago | Report Abuse

More dividend

Posted by hng33 > 4 weeks ago | Report Abuse

Good management company and very generous to reward shareholder

Posted by Fabien _the efficient capital allocator > 4 weeks ago | Report Abuse

15.5 sen dividend

Posted by yaphoikiong > 4 weeks ago | Report Abuse

Tomorrow should be limit up

Posted by fortunefire > 3 weeks ago | Report Abuse

huat liao hahaha

Posted by hng33 > 3 weeks ago | Report Abuse

locked profit at 88.5-89sen

Posted by yaphoikiong > 3 weeks ago | Report Abuse

Should be 1.00 and about

Posted by Serious > 3 weeks ago | Report Abuse

https://www.thestar.com.my/business/business-news/2023/02/27/paramount-proposes-3.5-sen-final-dividend-on-top-of-12-sen-special-dividend

KUALA LUMPUR: Paramount Corp Bhd has proposed a final dividend of 3.5 sen for the financial year ended Dec 31, 2022 (FY22), on top of the 12 sen special dividend to be paid on March 29, as a reward to its shareholders.
In a statement, the developer said the total dividends for FY22 would be 18 sen if the proposed final dividend is approved by shareholders at its forthcoming annual general meeting.
“Paramount had already paid an interim dividend of 2.5 sen for FY22 in September. The 12 sen special dividend will be paid from the proceeds of the divestment of Paramount’s remaining equity in its pre-tertiary education business in 2022,” it said.
For the full year, it posted a net profit of RM60.2mil, up 111% from RM28.5mil a year earlier, while revenue jumped 24.4% to RM847.5mil versus RM681.3mil previously.
Group chief executive officer Jeffrey Chew said the property division’s strong performance in 2022 coupled with the improvement in the financial performance of its other businesses showed the ability of the group’s businesses to thrive in the year of recovery. “The full reopening of the economy in the second quarter of 2022 had led to a surge in sales and we are happy to say that the momentum has been sustained. By the first nine months, we had already exceeded the financial results of the full year 2021,” he said.

Chew said: “The group achieved two new milestones in FY2022. Firstly, it achieved its highest ever sales of RM1.1bil, surpassing its record in 2018.”
“Secondly, it launched RM1.2bil properties, of which RM900mil was launched in the final quarter of 2022, including Phase 1 of Sejati Lakeside 2 in Cyberjaya (non-strata double storey semi-detached homes), The Atera in Petaling Jaya (a transit-oriented development) and Greenwoods Seraya in Sepang (townhouses).”
He also said these three projects were expected to contribute positively to the group's sales performance in 2023, given the good response they had received.
Chew is confident with its property division’s ability to achieve a sales target of RM1.2bil given that demand for residential properties has always been resilient on the growth of the Malaysian economy.
Its unbilled sales of RM1.4bil as at Dec 31 will provide some visibility of cashflow in the near term, contingent on construction progress.

Posted by Serious > 3 weeks ago | Report Abuse

Amid the property sector’s recovery, Paramount has targeted to launch seven projects worth RM1.5 billion in FY2023 — namely Savana Utropolis Batu Kawan, Bukit Banyan, Sejati Lakeside 2, Paramount Palmera, Jalan Ampang Hilir, Bukit Banyan 2 and Greenwoods Amaria Salak Perdana.

Notably, Chew said the group will move into the industrial property sector on the back of received demand with Paramount Palmera in Bukit Minyak, Penang, which will account for RM157 million or 11% of the RM1.5 billion launch target.

Posted by fortunefire > 3 weeks ago | Report Abuse

no regret in increasing this stock for the past 2 years. gonna hold it for long.

Posted by julian1981 > 3 weeks ago | Report Abuse

very good stock..good dividend too

Posted by fortunefire > 4 days ago | Report Abuse

will it drop further this year?