PARAMOUNT CORPORATION BHD
KLSE (MYR): PARAMON (1724)
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Last Price
1.05
Today's Change
+0.01 (0.96%)
Day's Change
1.03 - 1.05
Trading Volume
91,000
Financial
Market Cap
Market Cap
654 Million
NOSH
623 Million
Latest Quarter
Latest Quarter
30-Jun-2024 [#2]
Announcement Date
28-Aug-2024
Next Quarter
30-Sep-2024
Est. Ann. Date
24-Nov-2024
Est. Ann. Due Date
29-Nov-2024
QoQ | YoY
214.27% | 0.49%
T4Q Result
Revenue | NP to SH
981,691.000 | 79,082.000
RPS | P/RPS
157.63 Cent | 0.67
EPS | P/E | EY
12.70 Cent | 8.27 | 12.09%
DPS | DY | Payout %
7.00 Cent | 6.67% | 55.12%
NAPS | P/NAPS
2.31 | 0.45
QoQ | YoY
0.15% | -3.28%
NP Margin | ROE
9.31% | 5.50%
F.Y. | Ann. Date
30-Jun-2024 | 28-Aug-2024
Latest Audited Result
Latest Audited Result
31-Dec-2023
Announcement Date
29-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
29-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Annual (Unaudited)
Revenue | NP to SH
1,012,252.000 | 82,838.000
RPS | P/RPS
162.54 Cent | 0.65
EPS | P/E | EY
13.30 Cent | 7.89 | 12.67%
DPS | DY | Payout %
7.00 Cent | 6.67% | 52.62%
NAPS | P/NAPS
2.30 | 0.46
YoY
37.6%
NP Margin | ROE
9.39% | 5.78%
F.Y. | Ann. Date
31-Dec-2023 | 28-Feb-2024
Annualized Result
Revenue | NP to SH
811,090.000 | 63,880.000
RPS | P/RPS
130.24 Cent | 0.81
EPS | P/E | EY
10.26 Cent | 10.24 | 9.77%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
107.13% | -10.52%
NP Margin | ROE
9.39% | 4.44%
F.Y. | Ann. Date
30-Jun-2024 | 28-Aug-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Total Positive Profit Years | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Positive Profit | 4 / 4 | 100.00% | 8 / 8 | 100.00% |
| Continuous Quarters Of Profit Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Adjusted EPS Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Total Dividend Years | 2 / 4 | 50.00% | 4 / 8 | 50.00% |
| Continuous Quarters Of Dividend | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Average ROE | 1.39% | 1.41% | ||
| Average Net Profit Margin | 9.15% | 9.78% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 3 / 5 | 60.00% | 3 / 10 | 30.00% |
| Total Positive Profit Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Positive Profit | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Profit Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Continuous Quarters Of Adjusted EPS Growth | 2 / 5 | 40.00% | 2 / 10 | 20.00% |
| Total Dividend Years | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend | 5 / 5 | 100.00% | 10 / 10 | 100.00% |
| Continuous Quarters Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Average ROE | 11.00% | 10.03% | ||
| Average Net Profit Margin | 25.22% | 19.92% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 981,691 | 811,090 | 1,012,252 | 716,581 | 768,120 |
| NP to SH | 79,082 | 63,880 | 82,838 | 119,579 | 152,457 |
| Dividend | 43,590 | 37,363 | 43,590 | 61,114 | 81,419 |
| Adjusted EPS | 12.70 | 10.26 | 13.30 | 19.20 | 24.48 |
| Adjusted DPS | 7.00 | 6.00 | 7.00 | 9.81 | 13.07 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | 34.95% | -3.57% | -7.01% | -5.09% | -1.65% |
| NP to Owner | 214.27% | 0.49% | -10.52% | 22.56% | 20.51% |
| Dividend | 0.00% | 0.00% | 0.00% | 71.43% | -5.81% |
| Adjusted EPS | 214.27% | 0.49% | -10.52% | 22.56% | 20.51% |
| Adjusted DPS | 0.00% | 0.00% | 0.00% | 71.43% | -5.81% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | -3.02% | 27.80% | 37.00% | -19.87% | 5.59% | 13.19% | 19.44% | 31.78% | 41.26% |
| NP to Owner | -4.53% | -48.13% | -33.87% | -22.89% | -58.10% | -46.58% | 37.60% | -45.66% | -30.73% |
| Dividend | 0.00% | -46.46% | -28.67% | -14.29% | -54.11% | -38.86% | -61.06% | -46.46% | -28.67% |
| Adjusted EPS | -4.53% | -48.13% | -33.87% | -22.89% | -58.10% | -46.58% | 37.60% | -45.66% | -30.73% |
| Adjusted DPS | 0.00% | -46.46% | -28.67% | -14.29% | -54.11% | -38.86% | -61.06% | -46.46% | -28.67% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
4 people like this. Showing 50 of 1,560 comments
https://www.pcb.my/wp-content/uploads/2024/03/PCB-FY2023-IR-and-media-briefing-Final.pdf
Can have more inside information on Paramount
2024-05-30 09:14
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
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
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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
3 weeks ago
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ks55
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.
2024-05-30 08:54