Yes always. Often their questions are rather academic but occasionally they are pointed. Perhaps the highlights for MWSG is the brunch/lunch spread lol.
At least they asked about the plan of the 54.2 acres of land in Australia. The land is bigger compared to the Paramount Utropolis which built on the 21.8 acres of land. It would be interesting when Paramount start the development in the future.
Financial Summary Announcement - Quarterly rpt on consolidated results for the financial period ended 30/06/2016(PARAMOUNT CORPORATION BHD) PRMS.KL - BMYS
17-Aug-2016 13:09
Company Name : PARAMOUNT CORPORATION BHD Stock Code : 1724 (RIC : PRMS.KL) Quarterly rpt on consolidated results for the financial period ended 30/06/2016 Financial End Date : 2016/12/31 Financial Quarter : 2nd Quarter Financial Column Indicator : C1 Income Statement Header Code : Current Year Quarter Financial Period from Date : 2016/06/30 Financial Period to Date : 2016/06/30 Revenue : 145306 Investment Income : 0 Other income including Interest Income : 0 Operating Profit/Loss before Int, Dep & Amo, Tax, MI and EI : 0 Interest on borrowings : 0 Depreciation and Amortisation : 0 Exceptional Items : 0 Operating Profit/Loss after Int, Dep & Amo, Tax, MI and EI : 0 Share in results of associated company : 0 Profit/Loss before Taxation, MI and EI : 32870 Taxation : 0 Profit/Loss after Taxation before deducting MI : 0 MI in respect of Profit/Loss after Taxation : 0 Pre-acquisition profit/(loss) : 0 Profit/Loss after Taxation and EI : 25541 Extraordinary Items : 0 MI in respect of EI : 0 Extraordinary Items attributable to S/Holders : 0 Profit/Loss after Taxation : 23912 Basic Net EPS (Sen) : 5.65 Diluted Net EPS (Sen) : 0.00 NTAB per share (RM) : 2.1300 Value Indicator : Gross Dividend per share (Sen) : 2.50 Dividend description : Remarks : You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
"Paramount has plans to set up another Sri KDU facility in Jalan Goh Hock Huat, Klang. This new school will have a capacity to cater to 1,500 students and is expected to start in 2016."
Dated March, 2016: "Earthworks for the new campus in Klang will start in June this year, and construction will take about two years. We expect the school to commence operations in 2019"
Type Announcement Subject SUSPENSION OF SECURITIES
Description PARAMOUNT CORPORATION BERHAD
Paramount Corporation Berhad (the Company) wishes to announce that Bursa Malaysia Securities Berhad (Bursa Securities) has approved the Company's request for suspension of trading of its securities on the Main Market of Bursa Securities on Wednesday, 11 January 2017 from 9.00 a.m. to 5.00 p.m..
The request for suspension was made pursuant to Paragraph 3.1(b) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities.
I'm surprised that sale of its assets can be such bullish news unless Paramount sold it way above its fair value. There would be a future loss of revenue from it.
The book values of the two properties are way below the current market price. They had not been revaluated. From the sales to the private REIT, there will be gains on disposal. That is reason it is a positive development to Paramount.
Wow!!! RM183 million for REAL. I believe most of REAL education outlet/centre are rented. Need more details on the assets and liabilities of Real Education. If not, would seem like over-paying for REAL. Wonder if this will also be parked in the future REIT.
According to Edge Financial Daily 12 January 2017, at page Page 5 Home Business, REAL says their profit after tax last year was about RM15 million. Since it's RM183 million for 66% stake, that would mean about 5.4% return (15*0.66/183). Would have liked it more if it was at least 6%. Hope that the synergy from the business produces a lot of growth.
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....
hezjing
31 posts
Posted by hezjing > 2016-05-25 17:33 | Report Abuse
I have one dated 12 May 2016.
Anyway, you can private message me your email address & I can share with you.