within expectations, cmco causes delay in construction and development. Can't bill the purchaser's (earnings) if haven't reach a construction stage progressively. Malaysia signed a deal with Pfizer vaccine already, RM12.8mil doses. Glove theme should be over, now will be sector recovery eg. Property, banks, construction, Genting etc. Will hold..
Property sales in 3Q20 surged by 39% y-o-y and 248% q-o-q to RM216.5mil.
Property division’s pre-tax profits more than doubled to RM36.8mil from just RM18.2mil in the previous corresponding quarter.
Strong sales performance in 3Q20 is expected to continue in 4Q
Excluding the earnings contribution of the discontinued education business, Paramount’s overall net profit for 3Q20 grew by a substantial 2,265% y-o-y to RM26.09mil.
Backed by its unbilled sales of RM1.03bil
Also supported by its 443 acres of undeveloped landbank
Paramount’s Co-labs Coworking segment would also benefit from the rising demand for flexible workplace
In 9M20, revenue from Co-labs segment rose 42% y-o-y
Paramount has reduced inventories
Borrowings declined while cash and bank balances increased
As a result, Paramount’s net debt to equity ratio has declined to 0.3 times
Paramount has a dividend yield of 7.93%, the fifth highest among listed property players
ROE is 36.79%, the highest in industry as of Nov 27
Paramount Corporation Bhd (1724) • Paramount inched up 1.23% or 1 sen to RM0.82 • Technically speaking, share price has bottomed out after consolidating for quite some time. Recent price action movements suggest stealth buying pattern. Coupled with positive signals from key indicators, we expect share price to continue moving higher with a possible bullish breakout. • As such, resistance levels are found at RM0.83 (R1) and RM0.90 (R2) level. • On the downside, support levels are identified at RM0.77 (S1) and RM0.68 (S2).
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2900 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
whitebunny
154 posts
Posted by whitebunny > 2020-11-13 16:37 | Report Abuse
Wow what happened today?