Posted by Serious > 2023-03-02 09:02 | Report Abuse

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.

Posted by Serious > 2023-03-02 16:57 | Report Abuse

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.

Posted by fortunefire > 2023-03-02 17:43 | Report Abuse

no regret in increasing this stock for the past 2 years. gonna hold it for long.

Posted by julian1981 > 2023-03-03 08:56 | Report Abuse

very good stock..good dividend too

Posted by fortunefire > 2023-03-23 16:52 | Report Abuse

will it drop further this year?

Posted by birkincollector > 2023-04-28 09:55 | Report Abuse

oh my god thank u wa.......5k lot stuck for ages and didnt kow it flies lol

Posted by Vincentpu > 2023-04-28 12:47 | Report Abuse

Sold all at 7c ..buy back 2c later

Posted by Siang9282 > 2023-04-28 15:25 | Report Abuse

300%

Posted by Vincentpu > 2023-05-02 13:09 | Report Abuse

Run alll.. too high

Posted by ktrader > 2023-05-02 13:11 | Report Abuse

Today come come ...baby also come come strongly...$$$

Posted by ktrader > 2023-05-02 13:13 | Report Abuse

...baby going to 20c not 2c hehe

Posted by ktrader > 2023-05-02 13:17 | Report Abuse

...this baby going to emulate menang and yongtai babies?

Posted by Batman_Return > 2023-05-02 15:51 | Report Abuse

Thax paramon.

Posted by adikkici > 2023-05-02 18:57 | Report Abuse

Warrant limit up tomorrow
Hahaha

Posted by Value_Investor007 > 2023-05-03 00:18 | Report Abuse

Really worth it when hold it more than a year... Finally manage to harvest today. Paramon never let me down.

Posted by ktrader > 2023-05-03 09:08 | Report Abuse

baby flyinggg...

Posted by liewkitkong > 2023-05-03 09:59 | Report Abuse

Extra careful guys who manage to catch the knife.

Posted by TCH1186 > 2023-05-03 15:34 | Report Abuse

paramon-wa
round 1 0.12-0.14
round 2 0.12-0.15
round 3 0.125 - 01.145

ez money

Posted by TCH1186 > 2023-05-03 17:36 | Report Abuse

last trading still many buy.... gap down dy....good luckkkk liao

Posted by fortunefire > 2023-05-05 08:24 | Report Abuse

harder to get housing loan and high interest now. drop further?

Posted by TCH1186 > 2023-05-05 09:21 | Report Abuse

wait their baby to drop 8-9

Posted by ktrader > 2023-05-07 08:32 | Report Abuse

Nxt wk mother above 80c .baby? Huaat arrr..

Posted by TCH1186 > 2023-05-08 00:42 | Report Abuse

For a warrant with a maturity of just over a year, PARAMON-WA is currently trading at a very high premium of 142%. The warrant is theoretically expensive because the implied volatility is higher than the historical volatility of the parent stock.

There are not many street goods in PARAMON-WA, so the recent surge in trading volume of the warrant should be related to the sale of the warrant by major shareholders.

Based on the fact that Paradise has repeatedly issued generous dividends that warrant holders cannot enjoy, and the group also announced an ex-right dividend at the end of June, it is expected that the largest warrant holder of the company does not think that the parent stock price can rise within a year. 1.3 times to sell the warrants in hand to make the warrants change in value.

Stockholders who see a callback after seeing a large increase in the trading volume of warrants should avoid participating in speculative activities on this warrant.

told ya to leave

Posted by TCH1186 > 2023-05-08 16:10 | Report Abuse

Wow really go down xD save yr bags okay thanks me later

Posted by TCH1186 > 2023-05-09 11:59 | Report Abuse

woot 0.9 xD

Posted by TCH1186 > 2023-05-09 14:43 | Report Abuse

ez baby ezzzzz

Posted by adikkici > 2023-05-10 16:31 | Report Abuse

Hope crazy like menang-wc

Posted by TCH1186 > 2023-05-11 10:09 | Report Abuse

this baby never dissapoint me.. ohhhhhhh....

Posted by TCH1186 > 2023-05-11 12:21 | Report Abuse

HAHAHAHAHAHHAHAHHAHAHAHHAHAHA long time dont feel good as this !!!!

Posted by TCH1186 > 2023-05-11 16:44 | Report Abuse

alrdy hit. run

Posted by adikkici > 2023-05-11 17:05 | Report Abuse

Waiting again

Posted by TCH1186 > 2023-05-12 01:29 | Report Abuse

tauke alrdy disposed. why must wait?

Posted by fortunefire > 2023-05-12 11:23 | Report Abuse

the only way is up up up

Posted by TCH1186 > 2023-05-12 12:39 | Report Abuse

look closely the chart, are you dreaming?

Posted by fortunefire > 2023-05-17 13:06 | Report Abuse

it's not a dream. it's reality.

Posted by ktrader > 2023-05-17 13:37 | Report Abuse

yeaahhh.....go go go

Posted by TCH1186 > 2023-05-19 10:27 | Report Abuse

whoever got balls may q his kid at 0.06
i done 4 times dy.. no gugu

Posted by TCH1186 > 2023-05-22 12:48 | Report Abuse

im monitoring this stock n his baby.
the baby seems like to trap ppl. those who inside, just leave.
from buying interest .11, tmrw close 10.5
another huge vol 10.5 and close 10
same goes to 9.5/9/8.5 and now almost 8
.
just cover with other stocks

Posted by anisayob > 2023-05-22 14:08 | Report Abuse

It is making a pennant...

Posted by fortunefire > 2023-05-24 09:37 | Report Abuse

good news is coming

Posted by anisayob > 2023-05-24 10:51 | Report Abuse

Quarter report this week...

Posted by TCH1186 > 2023-06-01 21:24 | Report Abuse

wow as predicted now 7.5 gg 6 4 2 = rip

Posted by Serious > 2023-06-09 14:08 | Report Abuse

https://www.pcb.my/newsroom/paramounts-success-drivers-in-fy22-its-growth-trajectory-in-fy23-interview-with-bfm/

Posted by EatGreen40 > 2023-06-20 13:37 | Report Abuse

slowly climb up

Posted by fortunefire > 2023-06-27 09:24 | Report Abuse

new board member..... something is brewing?

Posted by wilsonkck84 > 2023-07-05 22:57 | Report Abuse

is it worth to buy at current 0.79 ?

Posted by i4value > 2023-07-09 11:18 |

Post removed.Why?

Posted by fortunefire > 2023-07-11 11:28 | Report Abuse

on its way to 0.90 soon

Posted by Fabien _the efficient capital allocator > 2023-07-11 15:19 | Report Abuse

good news?

Posted by sepol > 2023-07-12 07:37 | Report Abuse

accumulation BO