The sales are extremely good in Q3. It was more than pre-covid since Bank Negara reduce interest and many has extra cash from moratorium to pay deposit. Time to add more for me....
The Board of Directors of Paramount wishes to annouce that the Company has, on this 24 September 2020, made the third issuance of RM50,000,000.00 in nominal value of Perpetual Securities under the Company's Perpetual Securities Programme, bringing the total Perpetual Securities in issue to RM200,000,000.00 in nominal value as of to-date.
Good sharing @Value_Investor007 ! The low interest rate definitely benefit property developers and seems like its gonna remain low. Will probably turnaround following next QR release
once vaccine comes out, covid theme shares will no longer be relevant. The economy & world will be back to normal, then investors will have to elsewhere ..
CEO told media sales goood but share price drop much, so either player purposely press down price to accumulate or CEO cheat us, comming qr result worse. So u prefer believed which one?
still holding, this company need to hold for long term. Keep in freezer and close one eye, unless something changes fundamentally. Property companies are cyclical, I believe we are at the utmost bottom of the cycle. Low interest rate environment/ cheap borrowing cost would benefit the real estate sector. We need the next few quarter reports to show that eg. Uptick in net profits/ increasing sales volume. Before covid it was trading above RM1, once vaccine is released construction and property should be in play.
Pinnacle yup me too , thinking to average down more , bt mayb like what you said wait the trend reverse first, i usually will take some of the profit earn from other counter to invest in this counter , earn dividend oso gud la
PARAMOUNT - The "silent" performer who's about to surpass 2019 results despite pandemic
- Don't be surprised if Paramount records one of its best quarters in a long time, given its sales in the third quarter of this year.
- Stellar sales performance happened after MCO was lifted.
- Bookings: RM270mil (June), RM380mil (July). Sales were across the board of Paramount's eight property projects.
- Paramount MD Jeffry Chew said the Company hasn’t seen such numbers in the last 3-4 years
- "By August, we ran out of good products to sell, and so sales came down a little bit," he told BFM.
- Chew also said Paramount may be more aggressive over the next 3-4 years, where it acquires a further RM300mil to RM400mil worth of landbank.
- Meanwhile, Paramount has also ventured overseas with first foray in Bangkok, Thailand. Paramount is aiming for the overseas market to contribute 10% over the next three years.
- At its share price of 73 sen, the stock is down some 40% on a YTD basis, and is at one of its lowest levels in the last five years.
- PE ratio of 4 times!
- Dividend yield of 9.09%. Average payout of 40% per year.
- Market cap of RM439.33mil.
- Its warrants, which currently trades at a measly 14 sen, and expires on July 28, 2024, is totally out of the money at an exercise price of RM1.79.
-Now surely management wants its warrants to go back to being in the money before 2024.
Warrior im not saying myself haha , im saying others , this few days may retrace , as gone up few days ad , might c the trend is it reverse to uptrend before add up the dip
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MrRightMrLeft
167 posts
Posted by MrRightMrLeft > 2020-10-08 19:22 | Report Abuse
Haha..