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Overview
Financial Highlight
HeadlinesBusiness Background 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.
  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? 05/05/2022 10:58 AM investortrader88 https://www.theedgemarkets.com/article/paramount-1q-profit-doubles-its-property-business-has-fewer-operational-disruptions 27/05/2022 10:31 PM investortrader88 My average price this counter RM0.765.will comtimue to hold .good luck guys 27/05/2022 10:32 PM investortrader88 https://www.theedgemarkets.com/article/paramount-declares-25-sen-dividend-2q-profit-jumps-stronger-revenue 27/08/2022 7:14 AM  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? 22/09/2022 3:07 PM 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 27/09/2022 9:36 PM fortunefire https://www.scmp.com/week-asia/lifestyle-culture/article/3045625/how-singapores-schools-prime-youth-success-hong-kong?module=perpetual_scroll_1&pgtype=article&campaign=3045625 then why wanna sell K-12 business? 08/10/2022 1:45 PM 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.... 10/10/2022 10:47 AM fortunefire interest rate hike, not many people can afford to own a house. their digital banking business is still at the infant stage. 21/10/2022 9:12 AM investortrader88 https://www.theedgemarkets.com/article/paramounts-3q-net-profit-leaps-100-times-sale-dj-campus-and-strong-property-division 25/11/2022 9:09 PM hng33 Special dividend 12sen should be announced by these month and payment next month Jan 2023, likely before CNY :D) 07/12/2022 2:28 PM yaphoikiong This share price will be 1.30 around because of higher special dividend 04/02/2023 5:16 PM bojed Already performed a strong flag breakout pattern that not only torn the ceiling but the roof as well in one go. 04/02/2023 6:52 PM Fabien _the efficient capital allocator Based on market price action, seems like special dividend announcement is coming soon... 07/02/2023 2:51 PM diggerDC the previous special dividend in Feb 2020, the price also shot up 1 month before announcement . I guess the same is happening now 07/02/2023 9:55 PM hng33 Biggest ever unbilled sale RM 1.4 billion to be progressive recognized forward. Turnaround co working office business model is big success for paramount. Strong cash flow allowing paramount to continue rewarding shareholder with 3.5sen final + 2.5 sen interim dividend on top of one off special dividend 12sen 27/02/2023 8:36 PM Serious https://www.thestar.com.my/business/business-news/2023/02/27/paramount-proposes-3.5-sen-final-dividend-on-top-of-12-sen-special-dividend KUALA LUMPUR: Paramount Corp Bhd has proposed a final dividend of 3.5 sen for the financial year ended Dec 31, 2022 (FY22), on top of the 12 sen special dividend to be paid on March 29, as a reward to its shareholders. In a statement, the developer said the total dividends for FY22 would be 18 sen if the proposed final dividend is approved by shareholders at its forthcoming annual general meeting. “Paramount had already paid an interim dividend of 2.5 sen for FY22 in September. The 12 sen special dividend will be paid from the proceeds of the divestment of Paramount’s remaining equity in its pre-tertiary education business in 2022,” it said. For the full year, it posted a net profit of RM60.2mil, up 111% from RM28.5mil a year earlier, while revenue jumped 24.4% to RM847.5mil versus RM681.3mil previously. Group chief executive officer Jeffrey Chew said the property division’s strong performance in 2022 coupled with the improvement in the financial performance of its other businesses showed the ability of the group’s businesses to thrive in the year of recovery. “The full reopening of the economy in the second quarter of 2022 had led to a surge in sales and we are happy to say that the momentum has been sustained. By the first nine months, we had already exceeded the financial results of the full year 2021,” he said. Chew said: “The group achieved two new milestones in FY2022. Firstly, it achieved its highest ever sales of RM1.1bil, surpassing its record in 2018.” “Secondly, it launched RM1.2bil properties, of which RM900mil was launched in the final quarter of 2022, including Phase 1 of Sejati Lakeside 2 in Cyberjaya (non-strata double storey semi-detached homes), The Atera in Petaling Jaya (a transit-oriented development) and Greenwoods Seraya in Sepang (townhouses).” He also said these three projects were expected to contribute positively to the group's sales performance in 2023, given the good response they had received. Chew is confident with its property division’s ability to achieve a sales target of RM1.2bil given that demand for residential properties has always been resilient on the growth of the Malaysian economy. Its unbilled sales of RM1.4bil as at Dec 31 will provide some visibility of cashflow in the near term, contingent on construction progress. 02/03/2023 9:02 AM Serious Amid the property sector’s recovery, Paramount has targeted to launch seven projects worth RM1.5 billion in FY2023 — namely Savana Utropolis Batu Kawan, Bukit Banyan, Sejati Lakeside 2, Paramount Palmera, Jalan Ampang Hilir, Bukit Banyan 2 and Greenwoods Amaria Salak Perdana. Notably, Chew said the group will move into the industrial property sector on the back of received demand with Paramount Palmera in Bukit Minyak, Penang, which will account for RM157 million or 11% of the RM1.5 billion launch target. 02/03/2023 4:57 PM fortunefire no regret in increasing this stock for the past 2 years. gonna hold it for long. 02/03/2023 5:43 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||
