PARAMOUNT CORPORATION BHD
KLSE (MYR): PARAMON (1724)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
1.10
Today's Change
+0.05 (4.76%)
Day's Change
1.06 - 1.10
Trading Volume
634,800
Changes
| Date | Type | Old | New | View |
|---|
Discussions
4 people like this. Showing 50 of 1,562 comments
New launches amounting to 2.4 billion is taking place in first half of FY 2024, all are just the extension of existing projects.
2024-05-30 09:22
I do agree I have overlooked at the Ogive Graph of construction of Atwater, Berkeley Uptown, Atrium and Sinaran, all were at the tail end of development just prior to VP. Lesser work done other than finishing touch-up. How to send progress billings to the purchasers?
Atera Phase 1 is full swing, surely can send more progress billings to the purchasers.
New high value developments (Ashwood and Atera Ph2) will propel Paramount to greater height.
2024-05-30 09:38
Taking Atwater Service Residence as example (selling at rm 1100 psf) all were sold prior to VP in May 2024, Ashwood is for the super rich, and super rich won't be much affected by market environment.
2024-05-30 09:43
Atera Phase 1 is in full swing. Targeting young working professionals. Phase 1 consists of 756 units.
https://www.youtube.com/watch?v=PfScSPU9PwQ
https://paramountproperty.my/the-atera/site-progress/
2024-05-31 20:20
almost all property counters gone up except for paramount. what a shame.
2024-06-04 10:35
Paramount fast recovery in share price together with volume. Up to you to predict how it should move next week.
2024-06-07 19:28
Atera selling price from rm 633k to rm 1.16 million
https://www.aproperty.com.my/listings/the-atera
2024-06-20 18:26
Outlook:
PCB maintains its FY24 sales target of RM1.4bn, supported by seven projects with an estimated gross development value of RM2.4bn, of which RM81mn was launched in 1Q24. The largest launch, The Ashwood (GDV: RM781mn), a luxury high-rise residential development in Kuala Lumpur's U-Thant enclave, was launched in May 2024. It received encouraging responses, with more than half of the available units already taken up. Together with the Ashwood launch, PCB expects to launch a total GDV of RM1.6bn by the first half of 2024, including Phase 2 of The Atera in Petaling Jaya and the final phase of Sejati Residences in Cyberjaya, which are scheduled for launch by June 2024.
2024-07-03 12:01
The Ashwood luxury residential development receives encouraging responses, with more than half of the available units already taken up.
2024-07-03 12:03
Home prices in Penang on the rise due to up surge of FDI in semiconductors sector. Paramount is one of the beneficiary.
https://fpt-semiconductor.com/malaysia-the-unexpected-winner-behind-the-us-china-semiconductor-industry-war/
2024-07-07 11:04
Paramount will receive 30 million dividend from EWInt, translate into 5 sen profit for Q3 result ending 30 Sept. Meanwhile, Q2 ending 30 Jun will see Paramount making 6 sen a share. Up to you to figure out what could be the earning per share for FY 2024. Make an informed decision before you want to invest in Paramount. I have confidence , so I am buying big into it.
2024-07-12 23:01
Sejati Residences, Cyberjaya every new phase launched was selling fast.
2024-07-25 09:42
I understand that someone bought at above RM1.20, right? That is why feel angry.
Anyway, never give up hope.
2024-07-25 10:18
E&O's project in Andaman Island is progressing well, that was what I seen it's video.
E&O needs more projects to boost its value.
2024-07-25 12:18
I managed to had bought Ecoworld Dev at 62c and KSL but sold too early. For Sunway Bhd I hesitated to buy at RM1.54 so missed the boat too. 😂
StartOfTheBull
7,614 posts
Posted by StartOfTheBull > 2023-12-11 09:15 | Report Abuse
YTL to build an AI data centre in Kulai, Johor involving RM20 billion in investment.
Developers with Johor exposure:
Number of acres:
UEM Sunrise 5,103
Ecoworld 3,522.9 (403.78 pending completion.)
SP Setia 114.8
Sunway 1,602
E&O 62.8 (joint venture)
Mulpha International 904
KSL 236.2 (excluding 17.99 pending completion.)
KL Kepong 500 (joint venture)
Iwcity
Sime Plantations has huge estate lands in Johor as well.
2024-07-25 12:37
Paramount is going to announce next QR by 28 this month. You should see better result and pray for 3 to 5 sen dividend.
2024-08-01 08:58
if drop, can buy more .if up then is good. most important must give dividend ang pao
2024-08-02 13:50
Korrect ! dump all other stks now and keep onli gold or gold related stks to protect our hard earn moni ! 🤔😥😣😪
2024-08-02 16:38
WE will have to compare Q2 result with Q1.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3451554
2 months ago
Paramount Q2 result earning 3.89 sen, dividend 3 sen.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3478077
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=229562&name=EA_FR_ATTACHMENTS
2 months ago
Prospect:
Property segment
In the second half of 2024, the Group targets to launch 4 projects (including new phases of existing projects) with a projected GDV of RM0.7 billion. Greenwoods Salak Perdana Senna(semi-detached cluster townhouses in Sepang) is expected to be launched in the third quarter of 2024. Along with the sizable launches in 2Q2024 and the completion of the commercial components of Atwater development in Petaling Jaya, the Group is optimistic that sales will gain traction in the second half of the year, which is expected to contribute positively to the Group's financial performance.
The Group's unbilled sales of RM1.4 billion as at 30 June 2024 will provide some visibility on the Group's cash flow in the near term. However, the pace at which this can be converted into billings would depend largely on the construction progress of projects. As at 30 June 2024, the Group's undeveloped land stood at 416.9 acres.
The favourable outlook of the Malaysian economy coupled with the catalytic initiatives taken by the government to spur investments are conducive for the property market. Nevertheless, the implementation of subsidy rationalisation could further weigh on consumer spending and thus the performance of the Malaysian property sector.
The Malaysian economy advanced by 5.9% in the second quarter of 2024 (1Q 2024: 4.2%). The growth is driven by stronger domestic demand and further expansion in exports. Household spending increased amid sustained positive labour market conditions and larger policy support.
Growth of the Malaysian economy in the second half of the year is expected to be driven mainly by firm expansions in investment activity and resilient household spending, with larger support from exports recovery. Investment activities will be supported by continued implementation of multi-year projects in both the private and public sectors and augmented by the implementation of catalytic initiatives under the national master plans, as well as the higher realisation of approved investments.
(Source: Quarterly Bulletin issued by Bank Negara Malaysia on the Economic, Monetary and Financial Developments in the Second Quarter of 2024)
The Group's PBT for 2Q2024 was 115% higher at RM36.6 million, compared to RM17.0 million recorded in the immediate preceding quarter, driven by the improvement in the property segment. The improvement was mainly due to higher work progress and sales achieved in the second quarter of 2024
Need to take note for Q3 result will include special dividend amounting rm 16 million received from Ecoworld International. Ashwood was launched in May and Atera Phase 2 was launched in Jun 2024. Unbilled sales amount to 1.4 billion as per 30 Jun 2024.
2 months ago
Expecting Paramount to jump start and up by 10 sen today.
Longer term prospect TP is 1.80 by year end.
2 months ago
Paramount is a safe bet. 1st interim dividend 3 sen, 2nd interim dividend 4 sen.
Profit can only grow bigger due to more new launches and higher progress billing.
2 months ago
since pcb will soon receive div from ewint, will expect more than 4c div in the upcoming announcement.
1 month ago
Dow Jones
Dow Jones Industrial Average
42,189.49
-123.51
0.29%
Nasdaq
NASDAQ Composite
18,080.60
-38.98
0.21%
1 month ago
You buy Paramount for its dividend. Next dividend pay out will be 4 sen.
https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol227-Invest-04Oct.pdf
1 month ago
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
BFM Podcast
2
3
4
5
Mercury Securities Research
6
BFM Podcast
7
BFM Podcast
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
AhHuat01
Guys, look at their media presentation from March 5, 2024. Their take-up rate is 81%, which means approximately RM593 million GDV (19% left) remains available for sales. And the sales for the first quarter was at RM101 million (about 17% from the RM593). There are no new projects until May 2024, which is the first project of the year. Therefore, the QR from yesterday was anticipated.
2024-05-30 09:17