PARAMOUNT CORPORATION BHD

KLSE (MYR): PARAMON (1724)

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Last Price

1.05

Today's Change

-0.02 (1.87%)

Day's Change

1.04 - 1.05

Trading Volume

56,500


4 people like this.

1,549 comment(s). Last comment by fortunefire 5 days ago

Posted by MrRightMrLeft > 2020-10-08 19:22 | Report Abuse

Haha..

dex

493 posts

Posted by dex > 2020-10-09 20:06 | Report Abuse

Hold

warrior

609 posts

Posted by warrior > 2020-10-09 21:55 | Report Abuse

Agree with dex, hold.

Why? It worth a lot more.

warrior

609 posts

Posted by warrior > 2020-10-10 08:58 | Report Abuse

If got money, averages down.

Posted by Value_Investor007 > 2020-10-10 15:38 | Report Abuse

The sales are extremely good in Q3. It was more than pre-covid since Bank Negara reduce interest and many has extra cash from moratorium to pay deposit. Time to add more for me....

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/after-a-loss-in-q2-is-the-worst-over-for-paramount

Posted by hongchungtang1 > 2020-10-13 09:09 | Report Abuse

The Board of Directors of Paramount wishes to annouce that the Company has, on this 24 September 2020, made the third issuance of RM50,000,000.00 in nominal value of Perpetual Securities under the Company's Perpetual Securities Programme, bringing the total Perpetual Securities in issue to RM200,000,000.00 in nominal value as of to-date.

Posted by Mayjeane_97 > 2020-10-13 12:46 | Report Abuse

Hong may i noe the impact on tis announcement?

warrior

609 posts

Posted by warrior > 2020-10-15 03:20 | Report Abuse

No impact lah. Common for corporate to borrow money to support their business, Land is not cheap , need financing.

Posted by pinnaclegrade > 2020-10-15 14:19 | Report Abuse

Good sharing @Value_Investor007 ! The low interest rate definitely benefit property developers and seems like its gonna remain low. Will probably turnaround following next QR release

dex

493 posts

Posted by dex > 2020-10-17 21:31 | Report Abuse

wait for next QR!!

Joyce97

418 posts

Posted by Joyce97 > 2020-10-18 17:13 | Report Abuse

Seem like 0.72 is the strong support , will monitor and add on second dip if still well support

Posted by pinnaclegrade > 2020-10-19 18:13 | Report Abuse

Good performance today ! Low interest rate environment + property recovery, uptrend will begin !!

Posted by Value_Investor007 > 2020-10-19 22:51 | Report Abuse

Warrant gave damn good returns with sudden spikes... Check out that as well.

whitebunny

154 posts

Posted by whitebunny > 2020-10-20 16:51 | Report Abuse

Didn't manage to collect more when low..

Posted by pinnaclegrade > 2020-10-21 10:09 | Report Abuse

still considered cheap

AhHuat01

116 posts

Posted by AhHuat01 > 2020-10-21 21:31 | Report Abuse

0.89 here :(

lyy5688

49 posts

Posted by lyy5688 > 2020-10-21 22:17 | Report Abuse

0.9here

Posted by pinnaclegrade > 2020-10-22 09:35 | Report Abuse

once vaccine comes out, covid theme shares will no longer be relevant.
The economy & world will be back to normal, then investors will have to elsewhere ..

Joyce97

418 posts

Posted by Joyce97 > 2020-10-22 18:14 | Report Abuse

Have average it to 0.8 , waiting to grab if drop more , rm1.50 share with attractive dividend , will definitely keep this gem

KINGCOBRA

550 posts

Posted by KINGCOBRA > 2020-10-23 21:25 | Report Abuse

am waiting for 70s no doubt good counter but not at present moments....

whitebunny

154 posts

Posted by whitebunny > 2020-10-26 12:18 | Report Abuse

It is already 70s?

KINGCOBRA

550 posts

Posted by KINGCOBRA > 2020-10-26 20:16 | Report Abuse

I meant 70 sen....now still more than 70 sen!!!

warrior

609 posts

Posted by warrior > 2020-10-29 13:35 | Report Abuse

Don’t wait below 70 sen, likely you will miss a great opportunity.

warrior

609 posts

Posted by warrior > 2020-10-30 20:06 | Report Abuse

71 sen, good buy.

warrior

609 posts

Posted by warrior > 2020-11-08 09:30 | Report Abuse

Paramount received a lot of payment for the last few months.

KINGCOBRA

550 posts

Posted by KINGCOBRA > 2020-11-09 12:36 | Report Abuse

today and tomorrow have to Q at 690s....best offer price ever...hope to get them!!!

whitebunny

154 posts

Posted by whitebunny > 2020-11-09 15:40 | Report Abuse

why so many sellers..

KINGCOBRA

550 posts

Posted by KINGCOBRA > 2020-11-09 16:34 | Report Abuse

looks like 690s have to cancel ....not safe....maybe can touch 650s these few days!

Posted by pinnaclegrade > 2020-11-09 18:08 | Report Abuse

selling pressure very high today, RM3,500,000 traded hands.
Anyone working in Parmount Corp or inside news to share?

Joyce97

418 posts

Posted by Joyce97 > 2020-11-09 18:45 | Report Abuse

Why today drop so much?

Ky Siow

47 posts

Posted by Ky Siow > 2020-11-09 19:47 | Report Abuse

CEO told media sales goood but share price drop much, so either player purposely press down price to accumulate or CEO cheat us, comming qr result worse. So u prefer believed which one?

Joyce97

418 posts

Posted by Joyce97 > 2020-11-09 19:49 | Report Abuse

Ky siow but seem like the CEO is quite honest , somemore explain on the expansion in vietnam

Ky Siow

47 posts

Posted by Ky Siow > 2020-11-09 20:07 | Report Abuse

So if u believe CEO saying, then u should accumulate more......

dex

493 posts

Posted by dex > 2020-11-09 20:43 | Report Abuse

Waiting warrant 6 cents. Auuummmmm

Posted by pinnaclegrade > 2020-11-09 20:50 | Report Abuse

should let it change trend first before accumulating as still considered downtrend, yet to see bullish signals

Joyce97

418 posts

Posted by Joyce97 > 2020-11-10 00:19 | Report Abuse

Pinnacle u sold off ad?

Posted by pinnaclegrade > 2020-11-10 01:09 | Report Abuse

still holding, this company need to hold for long term. Keep in freezer and close one eye, unless something changes fundamentally. Property companies are cyclical, I believe we are at the utmost bottom of the cycle. Low interest rate environment/ cheap borrowing cost would benefit the real estate sector. We need the next few quarter reports to show that eg. Uptick in net profits/ increasing sales volume. Before covid it was trading above RM1, once vaccine is released construction and property should be in play.

Joyce97

418 posts

Posted by Joyce97 > 2020-11-10 10:08 | Report Abuse

Pinnacle yup me too , thinking to average down more , bt mayb like what you said wait the trend reverse first, i usually will take some of the profit earn from other counter to invest in this counter , earn dividend oso gud la

warrior

609 posts

Posted by warrior > 2020-11-10 11:38 | Report Abuse

I noticed many of you guys always overly negative as well as overly positive.

When in peace, prepare for war, when in war , prepare for peace.

Yean Shin

25 posts

Posted by Yean Shin > 2020-11-10 13:54 | Report Abuse

Bought some for long term hehe

dex

493 posts

Posted by dex > 2020-11-11 12:04 | Report Abuse

Fuhh warrant easy moneyyyyyyy

Joyce97

418 posts

Posted by Joyce97 > 2020-11-12 18:25 | Report Abuse

0.7 waiting at below 0.7, when really gone down to 0.69 , dont dare to buy , in the end miss the boat ...

warrior

609 posts

Posted by warrior > 2020-11-13 03:26 | Report Abuse

Joyce Lee, your patience to wait below 70 sen actually came to fruition, and that is good.

Your indecisive decision and fear got in your way, and that is bad.

Always stick to your plan, not to your emotion.

Follow your brain, not your heart.

Posted by flyingtomoon2020 > 2020-11-13 03:27 | Report Abuse

Patamon gogogo

Posted by flyingtomoon2020 > 2020-11-13 03:28 |

Post removed.Why?

Posted by anarchysons > 2020-11-13 11:04 | Report Abuse

PARAMOUNT - The "silent" performer who's about to surpass 2019 results despite pandemic

- Don't be surprised if Paramount records one of its best quarters in a long time, given its sales in the third quarter of this year.

- Stellar sales performance happened after MCO was lifted.

- Bookings: RM270mil (June), RM380mil (July). Sales were across the board of Paramount's eight property projects.

- Paramount MD Jeffry Chew said the Company hasn’t seen such numbers in the last 3-4 years

- "By August, we ran out of good products to sell, and so sales came down a little bit," he told BFM.

- Chew also said Paramount may be more aggressive over the next 3-4 years, where it acquires a further RM300mil to RM400mil worth of landbank.

- Meanwhile, Paramount has also ventured overseas with first foray in Bangkok, Thailand. Paramount is aiming for the overseas market to contribute 10% over the next three years.

- At its share price of 73 sen, the stock is down some 40% on a YTD basis, and is at one of its lowest levels in the last five years.

- PE ratio of 4 times!

- Dividend yield of 9.09%. Average payout of 40% per year.

- Market cap of RM439.33mil.

- Its warrants, which currently trades at a measly 14 sen, and expires on July 28, 2024, is totally out of the money at an exercise price of RM1.79.

-Now surely management wants its warrants to go back to being in the money before 2024.

Read more here:

https://klse.i3investor.com/blogs/anarchysons/2020-11-13-story-h1536402487-PARAMOUNT_The_silent_performer_who_s_about_to_surpass_2019_results_desp.jsp

Joyce Lee

418 posts

Posted by Joyce Lee > 2020-11-13 12:45 | Report Abuse

Warrior im not saying myself haha , im saying others , this few days may retrace , as gone up few days ad , might c the trend is it reverse to uptrend before add up the dip

Joyce Lee

418 posts

Posted by Joyce Lee > 2020-11-13 12:46 | Report Abuse

For myself , i will keep on average , as i dont see the reason for not buying and holding it , is ad at the ground

tws13282

358 posts

Posted by tws13282 > 2020-11-13 14:53 | Report Abuse

sold my mqreit and considering to add more this

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