Posted by RVI123 > 2018-01-12 16:38 | Report Abuse

RM1.93 now.

Posted by Rusli Widad > 2018-01-13 07:26 | Report Abuse

Paramount Corp Bhd is buying 41.41 acres of land in Cyberjaya for RM149.71 million to build a gated and guarded landed residential development.

The group’s wholly-owned subsidiary Paramount Property (Lakeside) Sdn Bhd is buying the freehold land from Makmur Asiamaju Sdn Bhd, which is jointly owned by Areca Holdings Sdn Bhd (70%) and Setia Haruman Sdn Bhd (30%).

The proposed acquisition is in line with the group strategy of replenishing its land bank at locations with strong growth potential.

Posted by Happykoo > 2018-01-13 08:23 | Report Abuse

cyberjaya is a potential place ?

Posted by AnonymousKLSE > 2018-01-13 11:14 | Report Abuse

Next week will break RM2

Posted by RVI123 > 2018-01-14 21:28 | Report Abuse

Paramount's Sejati Residences in Cyberjaya is selling well. 90% of the landed properties have been sold until today. So, Paramount has bought this piece of 41.41 acres of land to continue developing landed properties in Cyberjaya. Therefore, it is an extremely good move.

Posted by RVI123 > 2018-01-15 12:28 | Report Abuse

Cyberjaya is resided with a lot of highly paid IT workers and programmers. There is still demand for high end gated and guarded landed properties as home is a basic need. That is the reason Sejati Residences are still doing quite well as it is selling high end landed properties with tight securities.

Posted by alex89 > 2018-01-16 21:22 | Report Abuse

Today dropped... will it drop further ?

Posted by RVI123 > 2018-01-17 13:37 | Report Abuse

Look at long term. Price should go up over a period of one year.

Posted by RVI123 > 2018-01-17 13:47 | Report Abuse

he Cyberjaya land is the best residential land you can find in whole Cyberjaya. It is even more beautiful and valuable than Paramount's existing development, Sejati Residences. The new land is overlooking a 40 acre man made lake and it is the only development with such a big and beautiful man made lake.

Posted by RVI123 > 2018-01-17 14:09 | Report Abuse

Market may be slower now but there are still quite a lot of genuine buyers in Cyberjaya who are buying units for their own occupations. As you know, the incomes of those IT workers are very high and they would want cosy homes to balance up with their dull IT works.

Posted by alex89 > 2018-01-23 12:54 | Report Abuse

Gonna staying stagnant for how long ? It maintains 0.90... No progress

Posted by bclim_83 > 2018-01-26 09:42 | Report Abuse

Expecting dividen soon from property sale gain and routine 2nd interim dividen. Total should be around 12-13 cent per share

Posted by RVI123 > 2018-02-02 14:55 | Report Abuse

Paramount may declare special dividend in the coming quarterly results announcement.

Posted by bclim_83 > 2018-02-03 07:09 | Report Abuse

Paramon achieved rm 337 million property sale from northen region, which was 40% of group total sale in 2017. That means the group had achieved total of rm 840 million property sale in 2017, which was double of last yr sale and the group record high. The group targeted rm 1 biliion sale next yr.

Posted by bclim_83 > 2018-02-03 07:11 | Report Abuse

https://www.google.com/url?sa=t&source=web&cd=4&ved=2ahUKEwiRqoWQrYjZAhUE5o8KHalTDA0QFjADegQIDRAB&url=http%3A%2F%2Fwww.chinapress.com.my%2F20180202%2F%25E7%2599%25BE%25E6%25A8%2582%25E5%259C%2592%25E6%2594%25BE%25E7%259C%25BC10%25E5%2584%2584%25E6%2588%25BF%25E7%2594%25A2%25E9%258A%25B7%25E5%2594%25AE%25E7%259B%25AE%25E6%25A8%2599%2F&usg=AOvVaw1VghM2tFz9qGzyguQEhDrm

Posted by enid888 > 2018-02-04 23:14 | Report Abuse

Property sales of Paramount

2016 RM420mil
2017 RM842mil
2018 RM1,000mil (Target)

What else can we expect from the management? They are doing extremely well.

Posted by bclim_83 > 2018-02-22 08:54 | Report Abuse

http://www.penangpropertytalk.com/2018/02/festive-treat-for-homebuyers/

Posted by YoungInvestor > 2018-02-27 16:59 | Report Abuse

Buy now !!

Posted by kai8994 > 2018-02-27 17:53 | Report Abuse

13c dividend.. :)

Posted by bclim_83 > 2018-02-27 20:38 | Report Abuse

Good company which consistently rewards its shareholders with good dividend. This financial year alone the dividend is 16cent. 2.5 cent already paid. 7.5 cent is coming. And another 6cent will be announced soon

Posted by RVI123 > 2018-03-08 00:07 | Report Abuse

Jeffrey Chew is a professional CEO. Every transaction and business deal is taken after proper calculation and deep consideration. His dividend policy and declaration of special dividend help to underpin the share price.

Posted by RVI123 > 2018-03-22 00:56 | Report Abuse

Another dividend will be announced next month. It may be 6 sen per share if they follow the last year rate.

Posted by bclim_83 > 2018-03-22 06:43 | Report Abuse

It is 6 cent. Already mentioned in the last financial quarter report

Posted by RVI123 > 2018-03-22 18:08 | Report Abuse

Thks! bclim_83.

Posted by enid888 > 2018-03-27 11:42 | Report Abuse

Jeffrey Chew mentioned last year that some Real Schools properties will be sold to REIT but this is still not implemented. Hopefully, Paramount is still talking to the REIT.

Posted by enid888 > 2018-03-27 12:06 | Report Abuse

Jeffrey Chew also said in this week's Focus Malaysia that Paramount is looking to work with land owners on JV basis. I think the company should talk to Southern Acids which is also a major shareholder of Paramount. Southern Acids has more than 600 acres freehold land in Kota Kemuning. The owners and shareholders of Southern Acids will benefit from both Paramount's and Southern Acids' future growth in profits.

Posted by bclim_83 > 2018-03-27 21:29 | Report Abuse

The ultimate aim is to be asset light in their education segment. They ll sell the assets to unlock the value for operational capital as well as to reward shareholders with special dividend. I believe it will be done in near future

Posted by bclim_83 > 2018-03-30 11:04 | Report Abuse

Received 7.5 cent dividend. Next is 6 cent. Great!

Posted by enid888 > 2018-04-03 23:11 | Report Abuse

Paramount's new launching in Greenwoods at Salak Tinggi is fully sold out. This is a very respectable achievement in the current poor property market. The products launched is landed properties at an affordable price of RM479,900 onwards.

http://www.theedgemarkets.com/article/paramounts-2storey-keranji-homes-100-taken

Posted by RVI123 > 2018-04-05 15:31 | Report Abuse

Wah! fully sold out at this poor property market. I believe there are still a lot of buyers in the market but the products launched must suit to their requirements and financial capacities.

Posted by Yael Jasper > 2018-04-05 17:41 | Report Abuse

very good Q result

Posted by RVI123 > 2018-04-05 23:25 | Report Abuse

REHDA says there is a big shortage of affordable homes.

http://www.theedgemarkets.com/article/rehda-no-housing-glut-msia-needs-32m-more-homes

Posted by enid888 > 2018-04-23 12:56 | Report Abuse

Just like Paramount's Greenwoods, Sime Darby's Serenia City landed property launching was also fully taken up. Both Greenwoods and Serenia City are very near to each other and their purchasers are mainly those people working with airlines, KLIA and the Digital Free Trade Zone like Lazada and Alibaba.

http://www.theedgemarkets.com/article/first-phase-sime-darby-propertys-serenia-city-sold-out-within-hour

http://www.theedgemarkets.com/article/paramounts-2storey-keranji-homes-100-taken

Posted by enid888 > 2018-04-29 22:38 | Report Abuse

Paramount's Sejati in Cyberjaya is well received. According to a friend in property market, the buyers in the development are those highly paid IT workers and senior pilots. Sejati development is near to Elite Highway and it takes only about 20 minutes to reach KLIA. Therefore, many senior pilots choose to stay in Sejati Cyberjaya.

Posted by enid888 > 2018-05-09 14:38 | Report Abuse

Extract from article in The Star

Property Sales
2016 RM420mil
2017 RM842mil
2018 RM1,000mil (Target)

Property sales has increased tremendously from 2016 to 2018.

Unbilled Sales
As at 31/12/17 RM611mil
As at 31/3/18 RM740mil

More sales are concluded for the first three months of the year. Unbilled sales has increased by 21.1%.


https://www.thestar.com.my/business/business-news/2018/05/05/paramount-aims-for-rm1bil-sales/

Posted by bclim_83 > 2018-05-10 07:49 | Report Abuse

This company is undervalued considering it also has education business and valuable assets. Over 1 billion market cap is a realistic target

Posted by enid888 > 2018-05-10 17:24 | Report Abuse

Earnings per share

2015 16.03sen
2016 17.74sen
2017 31.46sen

Dividends per share

2015 8.25sen
2016 8.50sen
2017 16.0sen

The EPS and Dividend Payments are increasing each year for the last 3 years.

Posted by enid888 > 2018-05-11 12:08 | Report Abuse

In Bursa, some counters are overpriced especially those politically linked. They were pushed up too high beyond their fundamentals before the election. Some are traded at PE ratio between 20 to 40 times. After the election, these counters would experienced selldown.

However, there are a lot of good counters like Paramount, TA and MKH that have been traded at single digit PE ratios. Some have been trading at that unbelievably low PE for the last few years. This is mainly due to the low investors' confidence related to the corruptions in this country. With the GE14 concluded and government changed, I think these undervalued counters are going to experience price surge.

Posted by RVI123 > 2018-05-11 18:12 | Report Abuse

According to a friend from Penang, the Utropolis Batu Kawan project is selling extremely well. Phase 1 is a highrise development comprise of shoplots and apartments and it is almost sold out. The new KDU University College will be opened in 2019.

Posted by bclim_83 > 2018-05-12 20:35 | Report Abuse

Phase 2 known as SUASANA, high rise 1st block already sold more than 60%

Posted by RVI123 > 2018-05-14 00:15 | Report Abuse

Nice to hear that Phase 2 Suasana first block is more than 60% sold.When the university commence its operation next year, a lot of apartments are needed as student accommodations.

Posted by enid888 > 2018-05-14 09:12 | Report Abuse

Developers Bullish On Penang Property. (The Star, 14/5/18)

The PH central government will now support and fund the LRT and highway projects in Penang. Better connectivity will boost the property market both in Penang and Seberang Jaya. Paramount who is developing Utropolis Batu Kawan including KDU University College will be greatly benefitted.

https://www.thestar.com.my/business/business-news/2018/05/14/developer...

Posted by RVI123 > 2018-05-15 09:37 | Report Abuse

Mahathir and Pakatan Harapan said that they would look for ways to enable the prospective buyers to purchase properties especially affordable housing.

Posted by RVI123 > 2018-05-15 09:39 | Report Abuse

The apartments in Batu Kawan can be considered affordable housing.

Posted by enid888 > 2018-05-21 00:36 | Report Abuse

The new government will use some measures to help the Rakyat to own houses especially in the affordable sector. Currently, the distribution of EPF A/C 1 and A/C 2 is 70% and 30%. If the new government can change it to 60% and 40%. That will help the potential buyers a lot. Many of the prospective buyers who are at the border line will become eligible to get bank loans. The demand for residential properties will increase a lot.

Posted by bclim_83 > 2018-05-22 20:49 | Report Abuse

http://www.penangpropertytalk.com/2018/05/overwhelming-take-up-rate-at-utropolis-batu-kawan/

Posted by enid888 > 2018-06-05 16:33 | Report Abuse

Good news! The new government is starting to look for ways to improve the property market. They are looking at relaxing the current lending guidelines now.

Extract from The Edge (5 June 2018)
The Housing and Local Government Ministry (KPKT) will discuss with the Ministry of Finance (MoF) and Bank Negara Malaysia (BNM) on relaxing current lending guidelines to enable more homebuyers from the B40 and M40 groups to secure housing loan.

http://www.theedgemarkets.com/article/kpkt-meet-mof-and-bnm-lending-guidelines

Posted by enid888 > 2018-06-05 16:37 | Report Abuse

Paramount will be greatly benefited as some of its developments are categorised in the affordable segment.

Posted by enid888 > 2018-07-24 10:54 | Report Abuse

More than 10 years ago, companies are allowed and encouraged to revalue their landbanks. Therefore, the NTA would reflect the actual market values of the landbanks. However, the subsequent FRS (Financial Reporting Standards) by Bursa requires the landbanks to be carried at cost. This new requirements is suitable for companies who bought lands for immediate developments like SDB, Hua Yang, MCT, Thriven and Sunsuria.

However, there are some companies that bought their development landbanks and keep them for a long time, between 10 years to as long as 40 years in some cases. The NTA in this type of companies is grossly underestimated. As the NTA does not show the true picture of the company, the financial analysts then create a new term for the actual NTA when the current market values of the properties are calculated. They name it RNAV (Revised Net Asset Values). In fact, the RNAV is actually the NTA of the development companies.

I would say Bursa has set the wrong FRS and enable the property counters to grossly underestimate their NTAs and hence artificially suppress the share price of the property counters. The major shareholders are very happy with this because they can buy back the shares from the market either in their personal capacities or company share buybacks at very low price. That is the reason that there were so many privatisations taken place in these few years in property counters.

This includes Hunza, OSK Property, PJ Dev, Wing Tai and a few more. The two ongoing mandatory general offers are TA and TAGB. The major shareholders are taking advantage of the wrong situations and ignorant of the general retail shareholders. If Bursa Malaysia does not revise the FRS and corrects the situations, more and more companies will be privatised. The counters that fall into this catogery are E&O, MKH, Paramount, Oriental, TA, TAGB, KSL, Tropicana and some others.

Many of the retail investors do not have the financial knowledge and are fooled by the wrong situations. For me, I am equipped with the financial knowledge and many years of experience in Bursa to witness and realise the wrong development took place.

Posted by Yael Jasper > 2018-07-24 10:54 | Report Abuse

Bought, best stock