PARAMOUNT CORPORATION BHD
KLSE (MYR): PARAMON (1724)
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Last Price
1.05
Today's Change
-0.02 (1.87%)
Day's Change
1.04 - 1.05
Trading Volume
56,500
Changes
| Ann. Date | Date | Type | Name | Title | View |
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Discussions
4 people like this. Showing 50 of 1,549 comments
Fabien _the efficient capital allocator
Market reacted well to the acquisition. TA price target of 1.71 is still conservative at 0.7x of BV only.
2024-05-16 15:23
Paramount Q1 result will be out within next few days. Still not too late to join the party.
2024-05-20 09:59
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3447361
Paramount Corporation Berhad (Paramount) is pleased to announce that Paramount has on 15 May 2024 made a lodgement to the Securities Commision Malaysia (SC) for the establishment of an Unrated Islamic Medium Term Notes (Sukuk Wakalah) Programme of up to RM1.0 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Wakalah Programme), pursuant to the SC's Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework.
2024-05-20 11:07
As it is approaching announcement of Q1 result, Paramount is gaining traction to speed up the legendary ascending process. What do you have to say now? Act fast and not to be left out!
2 months ago
EWInt is now at 43.5 sen. Paramount bought for 33 sen. Paper gain already more than 30%.
2 months ago
Paramount revenue and profit falls short for following reasons :
"Amongst the factors that had contributed to the lower revenue in 1Q 2024, compared to the sameperiod last year, were the lower work progress and sales. As for work progress in 1Q2024, the Group's sizeable projects such as Sinaran and Sinaran Avenue that are both located at Utropolis Batu Kawan in Penang, and also Phase 1 of Uptown Residences at Berkeley Uptown in Selangor, were at the final stages of completion resulting in comparatively lesser work completed this quarter.
On the other hand, the property segment sold properties with a gross development value (GDV) of RM101 million in the first quarter of 2024, 65% lower as compared to RM292 million in the same period last year.
The decline in sales was in line with fewer properties available for sale partly due to deferment in launches and delays in obtaining approvals from the authorities."
In addition to the above, CNY holidays also cut short working days and enforcement acted upon migrant workers did affect on the progress of work done. If you know Ogive Graph for construction works, you should note the faster construction work is done at the middle span with higher Progress Billing corresponding the the work done. Just have to note Unbilled Sales still stand at 1.2 billion, the faster you build, the faster is the conversion from Unbilled Sales to become revenue. Money not coming in this Quarter, but will come in next quarter. New projects in Ashwood (next to Atrium in Ampang Hilir) was launched in May, and Atera Phase 2 (3 more blocks of TOD next to Asia Jaya LRT Station) will definitely be great success to Paramount.
2 months ago
https://www.pcb.my/wp-content/uploads/2024/03/PCB-FY2023-IR-and-media-briefing-Final.pdf
Can have more inside information on Paramount
2 months ago
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.
2 months ago
New launches amounting to 2.4 billion is taking place in first half of FY 2024, all are just the extension of existing projects.
2 months ago
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.
2 months ago
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.
2 months ago
Ashwood is a rm 781 million development. Selling price is from rm 17000 to rm 1900 per sq meter. Target buyers are international investors with rental more than rm 10000 per month.
https://www.youtube.com/watch?v=T5oiXtQKCv8
2 months ago
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/
2 months ago
Paramount is launching Atera Phase 2 in 3 blocks consisting 876 units of condominium in June. Gross Development Value is rm 915 million. Completion date within 1 year after VP of Atera Phase 1 condo.
It is like Sky condominium by IOIP in Bandar Puchong Jaya lauched over 2 phases, phase 1 (3 blocks), phase 2 (2 blocks). By the time phase 1 VP, phase 2 superstructure and landscaping already completed. There will be no disturbances and no noise pollution.
2 months ago
Posted by ks55 > May 30, 2024 9:38 AM | Report Abuse X
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.
2 months ago
KS55 and supporters please help to flag red the OxB Macai #1`s posts.
This Penang guy posting low class dirty posts, obituaries.
Please send him back to his mother`s womb.
2 months ago
Paramount fast recovery in share price together with volume. Up to you to predict how it should move next week.
2 months ago
Atera selling price from rm 633k to rm 1.16 million
https://www.aproperty.com.my/listings/the-atera
2 months ago
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.
1 month ago
The Ashwood luxury residential development receives encouraging responses, with more than half of the available units already taken up.
1 month ago
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/
1 month ago
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.
1 month ago
I understand that someone bought at above RM1.20, right? That is why feel angry.
Anyway, never give up hope.
1 month ago
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.
1 month ago
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.
1 month ago
Paramount is going to announce next QR by 28 this month. You should see better result and pray for 3 to 5 sen dividend.
3 weeks ago
if drop, can buy more .if up then is good. most important must give dividend ang pao
3 weeks ago
Korrect ! dump all other stks now and keep onli gold or gold related stks to protect our hard earn moni ! 🤔😥😣😪
3 weeks ago
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ks55
TOD by Paramount selling like hot cake.
https://www.youtube.com/watch?v=EvcS07zvBvg
Atwater residential towers all sold, result will reflect in Q1 by end of the month. More important is to see Atwater Commercial Towers almost ready and money is rolling in now. Anyone staying in PJ should be able to confirm that. Just passed by Atwater development on Sunday, all look so beautiful with glassy finishing touch.
https://www.youtube.com/watch?v=4OXi-z8tMTc
2024-05-15 15:46