PARAMOUNT CORPORATION BHD

KLSE (MYR): PARAMON (1724)

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Last Price

0.76

Today's Change

0.00 (0.00%)

Day's Change

0.76 - 0.765

Trading Volume

32,800

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.76

Avg Target Price

0.75

Upside/Downside

-0.01 (1.32%)

Price Call

0

SELL

3

HOLD

3

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
4 people like this. Showing 50 of 1,388 comments

ocbc

Yes, now moving into Digital Banking....

2021-09-02 16:49

fortunefire

Will this Evergrande effect makes MY property stocks drop further?

2021-09-24 11:31

investortrader88

Managed to get some tickets from my queue this morning at RM 0.765.good luck guys.

2021-10-26 13:20

fortunefire

down trend?

2021-11-16 09:45

NatsukoMishima

Cash flow got problem ?? Keeps selling land !!

2021-12-08 20:53

fortunefire

TP: 0.60 is coming?

2021-12-15 10:19

ahbah

Why coming ?

2021-12-15 10:23

fortunefire

will today drop below 0.65?

2021-12-16 09:02

Tashan

Are you mad?

2021-12-16 10:07

fortunefire

just matched 0.67.... yummy.

2021-12-17 16:18

ychong88

why this counter no move, it also have apply for digital banking license woh.

2022-02-18 17:42

Tashan

Probably won't get. Has no politico connection.

2022-02-19 13:34

Serious

"Malaysia's real estate market is going to recover very soon. Usually, there are 6 months lagging effect between the recovery of banking stock and the real estate market. Hence, we might see a property market rebound soonest by Mar 2022."


https://klse.i3investor.com/blogs/donkeystocks/2022-02-18-story-h1599171914-Banks_Stocks_Have_Fully_Recovered_Real_Estate_Is_Next.jsp

2022-02-20 10:50

moonasia

如果你是在2012年中用了15千来买了100,000share的paramon,加上公司的5送2 &送2warrant,那么你现在就拥有140,000股的paramon & 40,000的wa.
当年的15千现在140千股x0.675=94,500,还有3000元的wa=97,500.还有2019之前拿了64.75分的股息=64,750. 2019加上送的股40千股=140千股,140千 x 38分的股息=53,200.不到10年股息就有117,950,加上140千股的股价94,500 =212,450.00 .
各位大师们,1416%的回酬,会比十年前买大众银行差吗?

2022-02-26 01:53

Fabien _the efficient capital allocator

As applications for BNM's five digital banking licences enter their final stage of approval ahead of the central bank's announcement on the successful applicants in March 2022, Chew said Paramount is now ready to share its digital bank strategy.

Responding to a question on whether Paramount is confident of securing a digital banking licence from BNM, Chew said he sees a more than 50% chance of the group securing one.

2022-03-04 15:36

Serious

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

2022-03-05 14:50

Serious

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.

2022-03-18 07:05

ocbc

Digital Banking license coming ?

2022-04-08 09:59

fortunefire

coming soon. share price will go up another 50%

2022-04-08 14:22

ocbc

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

2022-04-29 15:09

Tashan

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?

2022-05-05 10:58

ocbc

pile of cash going to collect more interest....

2022-05-06 11:35

fortunefire

big pile of cash.... yummy

2022-05-24 09:23

investortrader88

My average price this counter RM0.765.will comtimue to hold
.good luck guys

2022-05-27 22:32

sthamn5039

park here...dividen coming....

2022-06-02 21:03

fortunefire

nice price. must buy now

2022-06-14 10:33

diggerDC

walaoeh what happened here???

2022-06-23 20:30

Serious

Don't know leh.

2022-07-15 07:40

fortunefire

YoY earning is improving. TP 0.80 up?

2022-08-29 14:12

fortunefire

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?

2022-09-22 15:07

Fabien _the efficient capital allocator

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

2022-09-27 21:36

fortunefire

RM600mil by year end? sure??

2022-09-28 15:10

Serious

Incredible management in this company

2022-09-29 15:39

fortunefire

the CEO is increasing his stakes.

2022-10-06 14:17

AhHuat01

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....

2022-10-10 10:47

fortunefire

interest rate hike, not many people can afford to own a house. their digital banking business is still at the infant stage.

2022-10-21 09:12

hng33

bought paramount at 74-75sen

2 months ago

fortunefire

waiting for special dividend

1 month ago

hng33

Special dividend 12sen should be announced by these month and payment next month Jan 2023, likely before CNY :D)

1 month ago

hng33

added balance capital to Paramount at 75-75.5sen

1 month ago

fortunefire

hidden gem.

1 month ago

birkincollector

wen dividend

4 weeks ago

fortunefire

will special dividend be announced in Feb?

4 weeks ago

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