Posted by Good123 > 2020-08-29 06:55 | Report Abuse

https://thepeak.com.my › people › t...

This Is How Paramount Corporation's Group CEO Jeffrey Chew Is Preparing ...

9 Jan 2020 · Paramount Corporation's Group CEO outlines how the company is ... Jeffrey Chew left a highly successful career in banking to take up  ...

Posted by Good123 > 2020-08-29 06:56 | Report Abuse

https://www.accaglobal.com › jeffre...

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Jeffrey Chew, group CEO, Paramount | ACCA Global

1 Apr 2019 · Then, having climbed the corporate ladder all the way up to the CEO's position at OCBC Bank's Malaysian operations, he felt he now faced ...

https://www.edgeprop.my › content

Paramount appoints OCBC Bank's Jeffrey Chew as group CEO ...

29 May 2014 · Paramount also appointed Beh Chun Chong as the deputy divisional CEO ... Chew, who has led OCBC Bank for six years, is a corporate ...

Posted by Good123 > 2020-08-29 06:57 | Report Abuse

Billion-ringgit challenge

Unlike the banking sector, where growth prospects were muted, Chew felt that the property and education sectors had more potential for growth. This was certainly the case for Paramount, where Chew has spearheaded a significant growth spurt. When he joined the group in 2014, its profit before tax (PBT) was about RM75m. The bottom line has steadily improved, with the company posting a PBT of RM182m last year.

On arrival, Chew was presented with a formidable task. ‘One of the goals my chairman Dato' Teo Chiang Quan gave me was to make Paramount into a billion-ringgit company,’ he recalls.

For Chew, this meant three things: raising the company’s market capitalisation to RM1bn, hitting annual sales of RM1bn and posting annual revenue of RM1bn over the next five years. However, he was unfazed about the scale of the challenge.

‘Having run a 5,000-employee company at OCBC with PBT of RM1.2bn, I knew what it takes to run a big company,’ he says. ‘I was confident that when I took over a smaller company I would know how to make it big.’

Despite the stiff challenge, he is well on track to achieving these targets. ‘For property sales, it looks like we are going to hit RM1bn this year. In 2017 our revenue was RM758.3m and it is likely that we can also reach RM1bn in 2018. In terms of market capitalisation, it is currently at around RM900m,’ he says.

Chew says the board is pleased with the numbers achieved. ‘The board is definitely very happy and we hope to continue this uptrend,’ he says.

Even as he was building his career, however, Chew was mindful not to devote all his time and energy to just scaling the corporate ladder. For him, it’s not just about receiving the rewards of his hard work in the workplace: it is also about giving back to society, particularly to the accountancy and banking sectors.

Posted by Victor Yong > 2020-08-29 17:26 | Report Abuse

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DEVELOPMENT RIGHTS AGREEMENT BETWEEN ANEKA SEPAKAT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PARAMOUNT CORPORATION BERHAD, AND KUMPULAN HARTANAH SELANGOR BERHAD FOR THE PROPOSED DEVELOPMENT OF TWO (2) CONTIGUOUS PARCELS OF LEASEHOLD COMMERCIAL LAND MEASURING APPROXIMATELY 9.662 ACRES IN TOTAL AREA SITUATED IN SECTION 14, BANDAR PETALING JAYA, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN
PARAMOUNT CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DEVELOPMENT RIGHTS AGREEMENT BETWEEN ANEKA SEPAKAT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PARAMOUNT CORPORATION BERHAD, AND KUMPULAN HARTANAH SELANGOR BERHAD FOR THE PROPOSED DEVELOPMENT OF TWO (2) CONTIGUOUS PARCELS OF LEASEHOLD COMMERCIAL LAND MEASURING APPROXIMATELY 9.662 ACRES IN TOTAL AREA SITUATED IN SECTION 14, BANDAR PETALING JAYA, DISTRICT OF PETALING, STATE OF SELANGOR DARUL EHSAN

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements reference no. GA1-14122017-00113 dated 22 December 2017, GA1-06072018-00014 dated 6 July 2018, GA1-07082018-00043 dated 7 August 2018, GA1-13082018-00068 dated 13 August 2018, GA1-28092018-00120 dated 28 September 2018, GA1-31012019-00207 dated 31 January 2019 and GA1-24122019-00016 dated 5 February 2020 in relation to the Proposed Development.



Reference is made to the Company’s announcements dated 22 December 2017, 6 July 2018, 7 August 2018, 13 August 2018, 28 September 2018, 31 January 2019 and 5 February 2020 in respect of the Proposed Development.



The Board of Paramount wishes to announce that ASSB and KHSB have agreed to extend the Second Phase CP Period to 31 December 2020.



This announcement is dated 6 August 2020.

Posted by denzadesu > 2020-08-29 18:23 | Report Abuse

based on this company fundamental dan future prospect,
better grab some, while the price still below 0.80,
dont know how long it will continue sideway,
with current covid case in mys controlled,
expected to recover slowly, next year sure will recover.
wait for 3rd qr out, should be ok,

Dont forget to park some capital in tech sector too.
Healthcare sector, well, buy low, sell high.
Gold sector also ok.

Posted by Good123 > 2020-08-29 19:42 | Report Abuse

strong cash position. :)

PARAMOUNT CORPORATION BERHAD
Interim Financial Report for the period ended 30 June 2020
The figures are unaudited
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2020
As at As at
30/6/2020 31/12/2019
RM'000 RM'000
Non-current assets
Property, plant and equipment 43,171 42,935
Right-of-use asset 17,930 20,224
Inventories - land held for property development 834,016 873,440
Investment properties 514,352 514,626
Investment in associates 199,540 29,242
Investment in a joint venture 214 235
Other investments 10,840 10,212
Deferred tax assets 51,865 47,533
1,671,928 1,538,447
Current assets
Inventories - property development costs 150,118 126,698
Inventories - completed properties and
other inventories 104,553 105,209
Contract cost assets 73,973 64,657
Trade receivables 107,264 141,691
Other receivables 41,703 35,774
Other current assets 1,960 5,584
Contract assets 224,175 252,413
Tax recoverable 6,701 3,863
Cash and bank balances 324,384 134,739
1,034,831 870,628
Assets of disposal group/Non-current
assets held for sale 0 664,478
1,034,831 1,535,106
Total assets 2,706,759 3,073,553
Current liabilities
Borrowings 130,460 211,308
Lease liabilities 2,900 3,708
Trade payables 83,042 129,150
Other payables 133,391 160,738
Tax payable 7,277 6,718
Contract liabilities 215 53
357,285 511,675
Liabilities directly associated with
the assets held for sale 0 373,235
357,285 884,910
Net current assets 677,546 650,196

Posted by Good123 > 2020-08-29 19:46 | Report Abuse

PARAMOUNT CORPORATION BERHAD
Interim Financial Report for the period ended 30 June 2020
The figures are unaudited
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR PERIOD ENDED 30 JUNE 2020
30/6/2020 30/6/2019
RM'000 RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax
- from continuing operations 2,274 44,012
- from discontinued operations 472,838 20,401
Profit before tax 475,112 64,413
Adjustment for:
Non-cash items 9,053 21,070
Non-operating items (455,264) 14,923
Operating profit before working capital changes 28,901 100,406
Decrease/(increase) in receivables 51,130 (3,490)
Decrease in inventories 13,689 39,863
Decrease in payables (72,980) (13,992)
Cash generated from operations 20,740 122,787
Taxes paid (10,233) (19,978)
Interest paid (17,043) (23,176)
Net cash (used in)/generated from operating activities (6,536) 79,633
CASH FLOWS FROM INVESTING ACTIVITIES
Decrease/(increase) in land held for development 6,940 (212,561)
Acquisition of non-controlling interest (3,000) -
Investment in an associate (7,898) (120)
Investment in a joint venture - (639)
Purchase of property, plant and equipment (2,988) (20,570)
Purchase of investment properties (4,196) (14,700)
Proceeds from disposal of investment properties 1,600 -
Proceeds from disposal of property, plant and equipment 25 24
Proceeds from disposal of equity interest in subsidiaries 479,929 -
Movement in other investment 444 -
Movement in asset held for sale 39,131 (5,421)
Interest received 4,195 1,263
Net cash generated from/(used in) investing activities 514,182 (252,724)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid to ordinary equity holders of the Company (178,189) -
Proceeds from borrowings 63,000 128,722
Issuance of Islamic Medium Term Notes - 127,500
Redemption of PDS - (50,000)
PDS distribution (8,204) (6,796)
Withdrawal in banks restricted for use 3,658 14,977
Repayment of borrowings (192,156) (97,118)
Lease payments (2,453) (8,284)
Net cash generated from/(used in) financing activities (314,344) 109,001
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 193,302 (64,090)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 119,872 72,315
CASH AND CASH EQUIVALENTS AT END OF PERIOD 313,174 8,225
30/6/2020 30/6/2019
RM'000 RM'000
Cash and cash equivalents comprise:
Cash and bank balances 113,544 65,747
Fixed deposits 210,840 2,666
Cash and bank balances 324,384 68,413
Cash and bank balances restricted for use (11,116) (10,968)
Fixed deposits maturing more than 3 months (94) (338)
Overdrafts - (48,882)
313,174 8,225
Cash and bank balances held in HDA accounts 88,497 35,769
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Annual
Financial Report for the Year Ended 31 December 2019.

Posted by Good123 > 2020-08-29 23:23 | Report Abuse

good for house buyers :) Room for further rate cut

ECONOMY

Saturday, 29 Aug 2020

By CECILIA KOK



Record low: Economists are expecting Bank Negara to lower the OPR by another 25 basis points to a record low of 1.5%.

Posted by Good123 > 2020-08-29 23:24 | Report Abuse

boost property sale Room for further rate cut

ECONOMY

Saturday, 29 Aug 2020

By CECILIA KOK



Record low: Economists are expecting Bank Negara to lower the OPR by another 25 basis points to a record low of 1.5%.

Posted by DickyMe > 2020-08-29 23:25 | Report Abuse

Rate cut for an ailing economy? Sounds like recipe for disaster.

Posted by Good123 > 2020-08-29 23:39 | Report Abuse

monetary policy , lower interest to boost economy, lower cost of borrowing, more disposal income, etc

Posted by amet2017 > 2020-08-29 23:40 | Report Abuse

Rate cut is normal. To boost spending, as loan instalment becomes cheaper. Thats what we did back im 2008/2009

Posted by DickyMe > 2020-08-30 01:48 | Report Abuse

Boost spending by taking loan?
There is many beggars queuing for handouts.

Posted by Good123 > 2020-08-31 12:52 | Report Abuse

lower cost of borrowing will boost biz expansion n investment

Posted by Good123 > 2020-08-31 12:53 | Report Abuse

more startups will boost its co-working space biz too

Posted by Good123 > 2020-08-31 12:55 | Report Abuse

more students will seek education locally due to covid and barrier to cross border. its remaining 20% stake in education is good

Posted by Good123 > 2020-08-31 12:55 | Report Abuse

more students will study locally due to financial issues

Posted by Good123 > 2020-09-01 07:43 | Report Abuse

BNM seen making final 25bps OPR cut as early as September — DBS

Chong Jin Hun

/

theedgemarkets.com


August 31, 2020 13:15 pm 08

Posted by Good123 > 2020-09-01 08:42 | Report Abuse

share buyback by the company should be implemented

Posted by Victor Yong > 2020-09-01 11:35 | Report Abuse

no disposal of shares by major shareholders :) Cool!

DATO TEO CHIANG QUAN
17-Mar-2020
Others
38,400
0.000

DATO TEO CHIANG QUAN
10-Sep-2019
Acquired
140,000
0.000

DATO TEO CHIANG QUAN
25-Jul-2019
Others
36,072,000
0.000

DATO TEO CHIANG QUAN
25-Jul-2019
Others
8,000,000
0.000

DATO TEO CHIANG QUAN
25-Jul-2019
Others
2,244,200
0.000

DATO TEO CHIANG QUAN
25-Jul-2019
Others
1,014,800
0.000

DATO TEO CHIANG QUAN
25-Jul-2019
Others
222,480
0.000

DATO TEO CHIANG QUAN
25-Jul-2019
Others
73,800
0.000

PARAMOUNT EQUITIES SDN BHD
25-Jul-2019
Others
36,072,000
0.000

PARAMOUNT EQUITIES SDN BHD
25-Jul-2019
Others
8,000,000
0.000

BANTING HOCK HIN ESTATE COMPANY SDN BHD
25-Jul-2019
Others
14,894,600
0.000

BANTING HOCK HIN ESTATE COMPANY SDN BHD
25-Jul-2019
Others
7,726,600
0.000

BANTING HOCK HIN ESTATE COMPANY SDN BHD
25-Jul-2019
Others
4,198,600
0.000

BANTING HOCK HIN ESTATE COMPANY SDN BHD
25-Jul-2019
Others
466,200
0.000

BANTING HOCK HIN ESTATE COMPANY SDN BHD
25-Jul-2019
Others
257,600
0.000

SOUTHERN EDIBLE OIL INDUSTRIES (M) SDN BHD
25-Jul-2019
Others
14,894,600
0.000

SOUTHERN EDIBLE OIL INDUSTRIES (M) SDN BHD
25-Jul-2019
Others
7,726,600
0.000

SOUTHERN EDIBLE OIL INDUSTRIES (M) SDN BHD
25-Jul-2019
Others
466,200
0.000

SOUTHERN PALM INDUSTRIES SDN BHD
25-Jul-2019
Others
14,894,600
0.000

SOUTHERN PALM INDUSTRIES SDN BHD
25-Jul-2019
Others
7,726,600
0.000

SOUTHERN REALTY (MALAYA) SDN BHD
25-Jul-2019
Others
14,894,600
0.000

SOUTHERN REALTY (MALAYA) SDN BHD
25-Jul-2019
Others
7,726,600
0.000

SOUTHERN REALTY (MALAYA) SDN BHD
25-Jul-2019
Others
4,198,600
0.000

SOUTHERN REALTY (MALAYA) SDN BHD
25-Jul-2019
Others
466,200
0.000

DATO TEO CHIANG QUAN
20-Mar-2019
Others
13,700
0.000

Posted by Victor Yong > 2020-09-01 11:37 | Report Abuse

directors juga tak jual syer, hanya beli lebih? :)

DATO TEO CHIANG QUAN
17-Mar-2020
Others
38,400
0.000

MR BENJAMIN TEO JONG HIAN
17-Mar-2020
Others
19,200
0.000

MR CHEW SUN TEONG
17-Mar-2020
Others
1,377,100
0.000

MR CHEW SUN TEONG
17-Mar-2020
Others
269,000
0.000

MR CHEW SUN TEONG
17-Mar-2020
Others
189,400
0.000

MR CHEW SUN TEONG
17-Mar-2020
Others
152,400
0.000

MR BENJAMIN TEO JONG HIAN
13-Mar-2020
Others
352,700
0.000

MR CHEW SUN TEONG
13-Mar-2020
Others
1,542,800
0.000

MR CHEW SUN TEONG
06-Jan-2020
Acquired
20,000
1.210

MR CHEW SUN TEONG
03-Jan-2020
Acquired
20,000
1.210

MR CHEW SUN TEONG
02-Jan-2020
Acquired
20,000
1.230

MR CHEW SUN TEONG
31-Dec-2019
Acquired
20,000
1.220

MR CHEW SUN TEONG
30-Dec-2019
Acquired
20,000
1.210

DATO TEO CHIANG QUAN
10-Sep-2019
Acquired
140,000
1.330

MR BENJAMIN TEO JONG HIAN
10-Sep-2019
Acquired
140,000
1.330

MR BENJAMIN TEO JONG HIAN
22-Aug-2019
Others
778,680
-

MR BENJAMIN TEO JONG HIAN
22-Aug-2019
Others
196,400
-

MR BENJAMIN TEO JONG HIAN
22-Aug-2019
Others
185,100
-

MR BENJAMIN TEO JONG HIAN
22-Aug-2019
Others
222,480
-

DATO TEO CHIANG QUAN
29-Jul-2019
Others
36,072,000
-

DATO TEO CHIANG QUAN
29-Jul-2019
Others
8,000,000
-

DATO TEO CHIANG QUAN
29-Jul-2019
Others
2,244,200
-

DATO TEO CHIANG QUAN
29-Jul-2019
Others
1,014,800
-

DATO TEO CHIANG QUAN
29-Jul-2019
Others
222,480
-

DATO TEO CHIANG QUAN
29-Jul-2019
Others
73,800
-

Posted by Good123 > 2020-09-01 11:45 | Report Abuse

also, all institutional investors/funds tak Jual syer mereka

Posted by denzadesu > 2020-09-01 12:01 | Report Abuse

not yet,
dont wake this counter just yet,
need to accumulate more.

let it sideway..

Posted by whitebunny > 2020-09-02 17:03 | Report Abuse

https://www.facebook.com/64839963085/posts/10158763637648086/

Posted by Good123 > 2020-09-02 21:45 | Report Abuse

Paramount Corp remains bullish on the prospects of the property market, with low interest rates expected to help prop up demand.

Posted by Good123 > 2020-09-02 22:54 | Report Abuse

（吉隆坡2日讯）百乐园（Paramount Corp Bhd）依然看好产业市场的前景，因为利率仍处于地位，将有助于恢复在行动限制令期间受到影响的需求。

由于限行令政策，百乐园截至6月杪2020财政年首半年的产业销售为1亿9300万令吉，相比去年同期的3亿1000万令吉。

这导致该集团在第二季净亏370万令吉，同期则净赚2847万令吉。不过，首半年净利从3463万令吉，飙升逾12倍至4亿6325万令吉，归因于确认脱售高等教育业务的4亿6060万令吉收益。

百乐园集团总执行长周胜忠表示，2020财年下半年的前景将受到更多的产业项目推出所提振。

该集团预计将推出价值6亿4000万令吉的项目，全都是住宅项目，比首半年推出的项目增加121%。

截至6月30日，未入账销售为8亿7300万令吉，这将在短期内继续为现金流提供一些能见度。但转化为入账的速度，很大程度上取决于施工进度。

“需求大幅回升。为什么？政府的举措起了一定的作用，但另一个重要因素是低利率。”

周胜忠今日在百乐园2020财年首半年财务业绩媒体与分析员汇报会上说：“低利率时代对产业发展商非常有利。因此，我非常看好百乐园和所有发展商。”

同时，该集团拥有3亿2440万令吉的现金，使其能够在近期进行更多土地收购。截至6月30日，该集团在巴生谷、吉打和槟城有505.1英亩的未开发地。

针对政府建议向产业发展商征收空置税，他说，如果这一提议落实，该集团不会被征那么多税，因为该公司没有很多空置单位。但他承认，其他业者可能受到影响。

上个月，房屋及地方政府部宣布，正在制定一项税项，可能最早在2021年对无法出售房产的发展商征税，以减少住宅单位过剩。

周胜忠指出：“若成事，供应将变得非常特定，因为产业发展商不想被征税。发展商会更担心推出新项目。这将限制供应，从而推高价格。”

他补充：“所以，我认为这不是一个好举措，还有其他办法的。由于新型冠状病毒肺炎疫情持续，许多人需要住所，因为需要房价便宜。”

 

（编译：陈慧珊）

Posted by Victor Yong > 2020-09-02 23:23 | Report Abuse

Orientaldaily Wed, Sep 02, 2020 08:41pm - 2 hours ago



（吉隆坡2日讯）百乐园（PARAMON，1724，主板产业股）认为，房产销售将在下半年奋起直追，全年表现应可按年持稳。

百乐园首席执行员周胜忠指出，截至8月杪，房产销售额已接近3亿7000万令吉。若9月表现不俗，首3季销售很大可能会超越去年同期的4亿8100万令吉。

“至于全年销售能否持稳或接近去年的水平，我们拭目以待。”

周胜忠是在周三的业绩汇报会上如是指出，出席的高层有主席兼执行董事张昌炯、执行董事张家贤、首席财务员冯保胜，以及房产业务首席执行员马骏骢。

推6亿新盘

他表示，该公司上半年拼销售时所面对的挑战，主要是推介新盘的时机。基于限行令缘故，不少项目较迟才得到批准。

百乐园在上半年仅推出2个项目，发展总值（GDV）是2亿9000万令吉。这段期间只录得1亿9300万令吉销售。不过，该公司下半年决意快马加鞭，推出总值6亿4000万令吉（较上半年高出121%）的住宅项目。

周氏补充，大多数近期推出的新盘皆取得极佳反应，预订率几乎达到九成以上，估计住宅市场供应会逐渐回落。至于商业产业，需求恢复正常的速度则较慢。

百乐园期待今年可取得10亿令吉销售。截至次季杪，该公司的未入账销售达8亿7300万令吉，何时入账取决于建筑工程的施工进度。

周胜忠提到，大部份项目工程进度皆因限行令而大幅放缓，但基于安全考量，公司不会加快施工速度。

随著我国利率降至极低水平，且料维持一段时间，周胜忠因而看好发展商与本地房产市场的前景。

低利率不仅可拉低发展商成本，从而推高赚幅，亦会提振民众的购屋需求。

待降息买地

他也提到，若隔夜政策利率（OPR）进一步调降至1%，公司就会加速购买更多地皮。

目前，公司计划再添购价值逾2亿5000万令吉的地皮，主要是在中马与北马。

另一边厢，询及对房产空置税的看法，周胜忠认为，这将惠及部份发展商，例如百乐园。

“一旦实施空置税，发展商很可能会谨慎，放缓推出新盘的速度，从而让供应回到正常。若供应大减，就会推升房产售价。”

不过，他强调，这对国家不利，因整体房价趋高。

百乐园2020财政年次季（截至6月30日止）由盈转亏，因采取谨慎态度，没有派发股息。

周氏称，会尽可能履行每年拿出40%净利派息的承诺。

百乐园闭市报77.5仙，全天无起落，成交量为29万股。

Posted by Good123 > 2020-09-02 23:45 | Report Abuse

should rise with more publicity, etc

Posted by Good123 > 2020-09-03 06:45 | Report Abuse

Paramount Corp Bhd remains bullish on the prospects of the property market as interest rates remain low, saying it will help regain demand that was affected during the Movement Control Order period.

Paramount group chief executive officer Jeffrey Chew said the group's prospects for 2HFY20 will be boosted by higher property launches, adding that Paramount has an estimated RM640 million worth of launches in the pipeline — all residential — which is 121% more than what the group launched in 1HFY20.

Posted by Good123 > 2020-09-03 07:42 | Report Abuse



KAF, in its report on Property: Improvement in Loan Approvals, said housing loan applications in June-July amounted to RM25bil and RM30bil, respectively, much higher than with 2019’s monthly average of about RM22bil.

PETALING JAYA: Loan approvals improved in the June-July period compared to April and May when the country was under the more stringent movement control order (MCO), KAF Research said.

The MCO was relaxed on June 10.

KAF, in its report on Property: Improvement in Loan Approvals, said housing loan applications in June-July amounted to RM25bil and RM30bil, respectively, much higher than with 2019’s monthly average of about RM22bil.The June-July housing loan applications were also higher compared with the last five-year monthly average of about RM19bil.

The research firm said there was a “delayed effect” between submission of loan applications by house buyers and approvals of those applications by banks.

“We also believe the lower approval rate in June was due to low residential loan applications in April-May. We expect stronger loan approvals after July.”

On a year-to-date basis, disbursement was 36% lower compared with the the January-July period a year ago.

Due to the unprecedented business and economic standstill during the more stringent MCO, the recovery movement control order period saw residential loan applications and approvals picking up in June and July combined, with applications rising a staggering 223% and approvals 160%, KAF said.

In absolute amounts, July’s approved residential loans amounted to RM9bil, the same as 2019’s monthly average.

“If this trend were to continue until the end of the year, (it is) likely that the contraction in the amount disbursed this year will narrow to only slightly above 20% year-on-year (y-o-y), from the current year-to-date contraction of 36% y-o-y, ” the report said.

It said last year’s Home Ownership Campaign (HOC) spurred demand for housing, with total transactions improving by 6% y-o-y, generating more than 200,000 transactions. This led to a reduction in completed unsold units, also known in property parlance as an overhang.

That 2019 HOC saw stamp duty waivers and rebates and discounts on housing. The current HOC has additional measures which include the removal of the 70% loan-to-value (LTV) cap on the purchase of the third house onwards. The government also tweaked the real property gains tax (RPGT).

The report said it is the removal of the 70% LTV that “should lead to a significant pick-up in upper-end market transactions”.

“Eventually, (this pick-up) would anchor the recovery of the mass market, ” it added.

Bank Negara implemented the 70% LTV in late 2010 as a result of multiple-unit purchases by single borrowers, “suggesting increasing investment activity of a speculative nature, ” a 2010 Bank Negara release said.

As for property counters themselves, the report said valuations are “cheaper” today and developers with strong institutional backing or strong balance sheets are likely to survive the market shock.

Meanwhile, Kenanga Research is also upbeat about the loan growth scenario. Looking at household loans, it said this was driven by a broad-based rise in loan disbursements, especially for big-ticket items like auto purchases and mortgages.

On a broad-base, loan repayments also picked up in July despite the moratorium with RM22.7bil in July versus April’s 15bil and March’s RM30bil. The moratorium ends on Sept 30.“Loan disbursements outpaced repayments, ” the Sept 1 Kenanga report said.

Loan applications were underpinned by the household segment, which saw a 22% rise compared to June 2020 and a 15% rise compared to a year ago. This rise was due mainly to house and vehicle purchases.

In terms of approvals, the research firm said July approvals rose 39% compared with June, driven mainly by the purchase of houses and cars.

Posted by Good123 > 2020-09-03 08:34 | Report Abuse

Jeffrey , the CEO, on air, bfm radio this morning. probably he intended to promote the company from now onwards

Posted by Good123 > 2020-09-03 08:52 | Report Abuse

with the CEO on bfm radio this morning plus many articles about paramount corp yesterday, should balloon

Posted by Good123 > 2020-09-03 08:54 | Report Abuse

most likely to exceed 80sen with ease today :)

Posted by kancs3118 > 2020-09-03 11:18 | Report Abuse

Can share the many articles about Paramount ?

Posted by Good123 > 2020-09-03 14:30 | Report Abuse

uptrend started ,touched 79.5

Posted by denzadesu > 2020-09-03 20:07 | Report Abuse

property and construction will be trending by end of this year, until next year,
most of property counter still undervalue,
better park some capital in there,
as sector property give higher dividend,
covid in malaysia undercontrol now, as economy recover slowly,
new normal, mask, high hygiene practice,

Next, after healthcare,
5G, property and construction, and tech.
Go find it, diversify your counter. Invest.

trade if you have time,
if not, find other way to earn more capital to invest.

Well, investing opportunity will always there.
Start now, start later, also can.
Bring others, share knowledge and experience.

Posted by whitebunny > 2020-09-07 12:04 | Report Abuse

Excluding the special dividend last quarter, usually how many cents dividend on average Paramon pays?

Posted by Ronaldo888 > 2020-09-09 11:03 | Report Abuse

i think about 3 sen

Posted by warrior > 2020-09-12 12:24 | Report Abuse

Dividend average ???? see for yourself.

Posted by warrior > 2020-09-12 12:24 | Report Abuse

https://www.pcb.my/investor-relations/dividend-history/

Posted by warrior > 2020-09-16 04:54 | Report Abuse

If you are hoping to live on the income from dividends, it’s important to be a lot more stringent with your investments than the average punter.

With Paramount Corporation Berhad yielding 8.0% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. We’d guess that plenty of investors have purchased it for the income.

Posted by newbieinvestor888 > 2020-09-17 15:02 | Report Abuse

any idea when is the next dividend for this year?

Posted by lyy5688 > 2020-09-24 21:44 | Report Abuse

.................

Posted by warrior > 2020-10-01 13:07 | Report Abuse

Why ZZzzzz....?

Posted by lyy5688 > 2020-10-01 23:26 | Report Abuse

because.............

Posted by JayC88 > 2020-10-07 16:14 | Report Abuse

oh my... will drop lower?

Posted by KINGCOBRA > 2020-10-08 11:54 | Report Abuse

bought at 88s dunno when can recover .....OMG

Posted by LETS_GO > 2020-10-08 15:19 | Report Abuse

its keep dropping, Does it even worth to hold on to?

Posted by KINGCOBRA > 2020-10-08 15:46 | Report Abuse

if 2morrow still drop must as well cut loss!

Posted by newbieinvestor888 > 2020-10-08 15:55 | Report Abuse

hmmm, strange why is it dropping?