Posted by ks55 > 2024-05-30 08:54 | Report Abuse

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.

Posted by ks55 > 2024-05-30 09:14 | Report Abuse

https://www.pcb.my/wp-content/uploads/2024/03/PCB-FY2023-IR-and-media-briefing-Final.pdf

Can have more inside information on Paramount

Posted by AhHuat01 > 2024-05-30 09:17 | Report Abuse

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.

Posted by ks55 > 2024-05-30 09:22 | Report Abuse

New launches amounting to 2.4 billion is taking place in first half of FY 2024, all are just the extension of existing projects.

Posted by ks55 > 2024-05-30 09:38 | Report Abuse

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.

Posted by ks55 > 2024-05-30 09:43 | Report Abuse

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.

Posted by ks55 > 2024-05-31 20:20 | Report Abuse

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/

Posted by fortunefire > 2024-06-04 10:35 | Report Abuse

almost all property counters gone up except for paramount. what a shame.

Posted by diuleiloumei > 2024-06-06 00:44 | Report Abuse

Looks like syok sendiri posting

Posted by sell > 2024-06-07 06:27 | Report Abuse

No wonder need to buy lousy QR Ewint. Paramount latest QR getting worse.

Posted by Jonathan168138 > 2024-06-07 11:41 |

Post removed.Why?

Posted by ks55 > 2024-06-07 19:28 | Report Abuse

Paramount fast recovery in share price together with volume. Up to you to predict how it should move next week.

Posted by diuleiloumei > 2024-06-08 00:08 | Report Abuse

Kaki Kong kaki song

Posted by ks55 > 2024-06-20 18:26 | Report Abuse

Atera selling price from rm 633k to rm 1.16 million

https://www.aproperty.com.my/listings/the-atera

Posted by ks55 > 2024-07-03 12:01 | Report Abuse

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.

Posted by ks55 > 2024-07-03 12:03 | Report Abuse

The Ashwood luxury residential development receives encouraging responses, with more than half of the available units already taken up.

Posted by ks55 > 2024-07-07 11:04 | Report Abuse

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/

Posted by ks55 > 2024-07-07 11:12 | Report Abuse

https://paramountproperty.my/utropolis-batu-kawan/products/

https://paramountproperty.my/utropolis-batu-kawan/site-progress/

https://paramountproperty.my/utropolis-batu-kawan/masterplan/

Posted by ks55 > 2024-07-12 23:01 | Report Abuse

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.

Posted by diuleiloumei > 2024-07-14 21:23 | Report Abuse

Last Q talk so loud but result nothing, coming Q still talk kok

Posted by diuleiloumei > 2024-07-14 21:25 | Report Abuse

From 1.26 drop till 1.12 , continue blow pls

Posted by speakup > 2024-07-14 21:31 | Report Abuse

blow job?

Posted by StartOfTheBull > 2024-07-25 09:42 | Report Abuse

Sejati Residences, Cyberjaya every new phase launched was selling fast.

Posted by StartOfTheBull > 2024-07-25 10:18 | Report Abuse

I understand that someone bought at above RM1.20, right? That is why feel angry.
Anyway, never give up hope.

Posted by StartOfTheBull > 2024-07-25 12:09 | Report Abuse

Last QR disappoiting. I believe upcoming QR will be better.

Posted by StartOfTheBull > 2024-07-25 12:18 | Report Abuse

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.

Posted by StartOfTheBull > 2024-07-25 12:37 | Report Abuse

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.

Posted by ks55 > 2024-08-01 08:58 | Report Abuse

Paramount is going to announce next QR by 28 this month. You should see better result and pray for 3 to 5 sen dividend.

Posted by SHOB > 2024-08-01 13:11 | Report Abuse

price stay till few month dont goes up please

Posted by ks55 > 2024-08-01 17:38 | Report Abuse

When the price start to move, somebody will say hai ya, miss the boat.

Posted by SHOB > 2024-08-02 13:50 | Report Abuse

if drop, can buy more .if up then is good. most important must give dividend ang pao

Posted by ahbah > 2024-08-02 16:38 | Report Abuse

Korrect ! dump all other stks now and keep onli gold or gold related stks to protect our hard earn moni ! 🤔😥😣😪

Posted by ks55 > 2 months ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/08/13/bull-runin-sight

Posted by ks55 > 2 months ago | Report Abuse

Everybody knows Paramount is going to announce latest QR next week.

Posted by fortunefire > 2 months ago | Report Abuse

wonder why they dont wanna buy lands in JB....

Posted by fortunefire > 2 months ago | Report Abuse

property market tumbles?

Posted by SHOB > 2 months ago | Report Abuse

no dividend announcement

Posted by ks55 > 2 months ago | Report Abuse

WE will have to compare Q2 result with Q1.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3451554

Posted by ks55 > 2 months ago | Report Abuse

No point shooting blank into the air.

Posted by ks55 > 2 months ago | Report Abuse

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

Posted by ks55 > 2 months ago | Report Abuse

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.

Posted by ks55 > 2 months ago | Report Abuse

Expecting Paramount to jump start and up by 10 sen today.
Longer term prospect TP is 1.80 by year end.

Posted by fortunefire > 2 months ago | Report Abuse

fuiyoh! QoQ looks very impressive!

Posted by ks55 > 2 months ago | Report Abuse

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.

Posted by ks55 > 1 month ago | Report Abuse

Got 3 sen dividend, ex tomorrow.

Posted by ks55 > 1 month ago | Report Abuse

Received 3 sen dividend today. Will receive another 4 sen 6 months later.

Posted by fortunefire > 1 month ago | Report Abuse

since pcb will soon receive div from ewint, will expect more than 4c div in the upcoming announcement.

Posted by mf > 1 month ago | Report Abuse

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Posted by ks55 > 3 weeks ago | Report Abuse

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

Posted by fruitcake > 2 weeks ago | Report Abuse

i can wait for another day until i see below 1