Posted by Serious > 2022-03-05 14:50 | Report Abuse

KUALA LUMPUR: Paramount Corp Bhd plans to launch RM1.3 billion worth of properties in the financial year ending Dec 31, 2022 (FY2022), a 48 per cent increase from last year?s allocation, banking on the economic recovery and as Malaysia enters the endemic stage.
Group chief executive officer Jeffrey Chew Sun Teong said the group also targeted higher property sales in FY2022 of RM1 billion.
"Our property prices are ranging from over RM300,000 to the high-end prices. We are targeting a big portion of M40 and some of T20 as well,? he said during the analysts and media briefing on the group?s financial performance for the financial year ended Dec 31, 2021 (FY2021) today.
Out of the RM1.3 billion property launches planned, 32 per cent or RM408 million would be the group?s existing projects at Sungai Petani in Kedah, Penang as well as Sepang in Selangor. The group has also outlined property launches for its new developments in Shah Alam, Cyberjaya and Petaling Jaya worth RM872 million.
Chew said Paramount?s unbilled sales stood at RM1.1 billion for FY2021 which is expected to help its cashflow moving forward.
https://www.thestar.com.my/business/business-news/2022/03/04/paramount-plans-rm13bil-property-launches-in-fy22#openShareModal

Posted by Serious > 2022-03-18 07:05 | Report Abuse

Paramount expands footprint in e-commerce with Commerce.Asia buy
By NST Business - March 17, 2022 @ 12:54pm
KUALA LUMPUR: Paramount Corp Bhd has invested RM10 million in Commerce DotAsia Ventures Sdn Bhd (Commerce.Asia).

Commerce.Asia is an all-in-one e-commerce ecosystem that provides one stop, end-to-end e-commerce solutions for brands, businesses, and small and medium enterprises (SMEs) in Southeast Asia.

Paramount said the investment was made through its wholly-owned investment vehicle Magna Intelligent Sdn Bhd (Magna) and Magna's 30 per cent-owned associated company, Omegaxis Sdn Bhd, which owns Fundaztic.
"This is in line with Paramount's five-year (2020-2024) strategic plan to identify new sources of earnings, particularly in the digital space. "Paramount is also the lead applicant of a consortium applying to Bank Negara for a digital banking licence," the company said in a statement today. It said the pandemic had shifted consumer behaviour and accelerated e-commerce adoption worldwide over the past two years.
As such, the company's investment in Commerce.Asia was timely given its end-to-end ecosystem, track record, and business model which has almost doubled in revenue since 2020 and turned profitable in 2021, said Paramount corporate strategy and investment head Tracy Gan.

Commerce.Asia manages all aspects of customers' online businesses, from developing their online stores to managing product sales across multiple e-marketplaces, including warehousing, payment, delivery, marketing, and order management.

The company currently has over 92,000 active sellers who use its various platforms, with a group gross merchandise volume (GMV) of RM6.7 billion last year.

"The convergence of two fast emerging trends – fintech and e-commerce – serves as the platform for Fundaztic to provide financing to Commerce.Asia's network of merchants utilising advanced data analytics and insights," said Gan, adding that it also deepens and broadens the merchant ecosystem available to the Paramount Group.

Fundaztic is one of the first peer-to-peer (P2P) financing platforms in Malaysia licenced by the Securities Commission. It has disbursed close to RM150 million, supporting more than 2,350 micro to small and medium enterprises since 2017.

Posted by ocbc > 2022-04-08 09:59 | Report Abuse

Digital Banking license coming ?

Posted by fortunefire > 2022-04-08 14:22 | Report Abuse

coming soon. share price will go up another 50%

Posted by Tashan > 2022-04-29 12:58 | Report Abuse

https://www.theedgemarkets.com/article/digital-bank-bidders-rise-ahead-bnm-announcement-licence-winners?type=malaysia

Posted by ocbc > 2022-04-29 15:09 | Report Abuse

Digital bank .....finally coming....

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 > 2023-01-03 17:10 | Report Abuse

wen dividend

Posted by fortunefire > 2023-01-04 17:31 | Report Abuse

will special dividend be announced in Feb?

Posted by birkincollector > 2023-02-03 16:52 | Report Abuse

dividend coming? lol

Posted by fortunefire > 2023-02-03 16:53 | Report Abuse

huat ah!

Posted by yaphoikiong > 2023-02-04 17:16 | Report Abuse

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

Posted by bojed > 2023-02-04 18:52 | 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 > 2023-02-07 14:51 | Report Abuse

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

Posted by fortunefire > 2023-02-07 15:32 | Report Abuse

good news is around the corner

Posted by diggerDC > 2023-02-07 21:55 | 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 > 2023-02-14 10:21 | Report Abuse

:D)

Posted by birkincollector > 2023-02-27 19:11 | Report Abuse

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

Posted by yaphoikiong > 2023-02-27 19:34 | Report Abuse

Final dividend also 0.035, congratulation

Posted by hng33 > 2023-02-27 20:36 | 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 > 2023-02-27 20:41 | Report Abuse

More dividend

Posted by hng33 > 2023-02-27 20:44 | Report Abuse

Good management company and very generous to reward shareholder

Posted by Fabien _the efficient capital allocator > 2023-02-27 21:10 | Report Abuse

15.5 sen dividend

Posted by yaphoikiong > 2023-02-27 23:29 | Report Abuse

Tomorrow should be limit up

Posted by fortunefire > 2023-02-28 09:21 | Report Abuse

huat liao hahaha

Posted by hng33 > 2023-02-28 09:37 | Report Abuse

locked profit at 88.5-89sen