PARAMOUNT CORPORATION BHD
KLSE (MYR): PARAMON (1724)
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Last Price
1.06
Today's Change
+0.01 (0.95%)
Day's Change
1.05 - 1.06
Trading Volume
191,900
Profile
PARAMOUNT CORPORATION BHD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: PROPERTY PROPERTY
Subsector: PROPERTY PROPERTY
Index Group: PROPERTY PROPERTY
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
Description
Paramount Corp Bhd is an investment holding company. The group has three reportable operating segments - Property, Education and Investment and Others. The Property segment which generates maximum revenue is engaged in the development and construction of residential and commercial properties and property investment. The Education segment is involved in the operation of private educational institutions. Investment and Others segment is involved in the investment holding and provision of group-level corporate services.
Address
Discussions
4 people like this. Showing 50 of 1,578 comments
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
1 month ago
Paramount moved into its own office at Atwater. Formerly was renting from uncle's office. Anything wrong?
4 days ago
Paramount is saving on rental, at the same time bring life to Atwater commercial space.
4 days ago
5sen for what. peanut. try putting additional 50sen on share price then i salute.
4 days ago
https://www.thestar.com.my/business/business-news/2024/11/21/sdp-records-all-time-high-9m-revenue-profit
Property developers are having record profit since last property boom. Paramount is riding this wave very well with 1.4 billion unbilled sales. Most of its properties are at the middle of ogive graph and give rise to highest sales to revenue conversion rate.
Paramount is due to announce its latest QR by 25 Nov. Stay tune.
2 days ago
Paramount last day to buy cheap. May report quarterly result today, latest by Monday.
1 day ago
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ks55
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