Board Change • May 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non Executive Director Sin Yoong was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 28
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: RM0.19 (up from RM0.17 in FY 2024). Revenue: RM1.02b (down 6.4% from FY 2024). Net income: RM118.8m (up 16% from FY 2024). Profit margin: 12% (up from 9.4% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 47%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Paramount Corporation Berhad, Annual General Meeting, May 25, 2026 Paramount Corporation Berhad, Annual General Meeting, May 25, 2026, at 10:30 Singapore Standard Time. Location: suite i, level 2, mercure kuala lumpur glenmarie hotel, jalan kontraktor u1/14, seksyen u1, 40150 shah alam, selangor darul ehsan, Malaysia New Risk • Mar 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Major Estimate Revision • Mar 09
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM1.12b to RM998.0m. EPS estimate fell from RM0.172 to RM0.161 per share. Net income forecast to shrink 16% next year vs 15% growth forecast for Real Estate industry in Malaysia . Consensus price target reaffirmed at RM1.37. Share price fell 9.1% to RM1.00 over the past week. Major Estimate Revision • Mar 06
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 consensus EPS increased from RM0.186 to RM0.21. Revenues were reaffirmed at RM1.12b. Net income forecast to shrink 16% next year vs 15% growth forecast for Real Estate industry in Malaysia . Consensus price target broadly unchanged at RM1.37. Share price fell 6.5% to RM1.01 over the past week. New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: RM0.19 (vs RM0.17 in FY 2024) Full year 2025 results: EPS: RM0.19 (up from RM0.17 in FY 2024). Revenue: RM946.9m (down 13% from FY 2024). Net income: RM118.8m (up 16% from FY 2024). Profit margin: 13% (up from 9.4% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 15
Final dividend of RM0.045 announced Shareholders will receive a dividend of RM0.045. Ex-date: 3rd March 2026 Payment date: 13th March 2026 Dividend yield will be 7.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 5.7% over the next 2 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range. Buy Or Sell Opportunity • Feb 09
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at RM1.06. The fair value is estimated to be RM0.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 4.9% in the next 2 years. Buy Or Sell Opportunity • Dec 17
Now 21% overvalued Over the last 90 days, the stock has fallen 5.7% to RM0.99. The fair value is estimated to be RM0.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 9.2% in the next 2 years. New Risk • Nov 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Aug 22
Dividend of RM0.03 announced Shareholders will receive a dividend of RM0.03. Ex-date: 3rd September 2025 Payment date: 18th September 2025 Dividend yield will be 6.9%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 21
Paramount Corporation Berhad Announces Single-Tier Interim Dividend, Payable on September 18, 2025 Paramount Corporation Berhad announced single-tier interim dividend of 3.0 sen per ordinary share. The above Company's securities will be traded and quoted "Ex - Dividend” as from: September 3, 2025, The last date of lodgment: September 4, 2025 and Date Payable: September 18, 2025. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: RM0.035 (vs RM0.039 in 2Q 2024) Second quarter 2025 results: EPS: RM0.035 (down from RM0.039 in 2Q 2024). Revenue: RM232.5m (flat on 2Q 2024). Net income: RM21.8m (down 10.0% from 2Q 2024). Profit margin: 9.4% (down from 10% in 2Q 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
RHB Investment Bank Berhad completed the acquisition of 28% stake in Paramount Corporation Berhad (KLSE:PARAMON) from Datuk Seri Haji Johari Bin Abdul Ghani and Datin Seri Zurwati Haslinda Binti Zainal Bahry. RHB Investment Bank Berhad agreed to acquire 28% stake in Paramount Corporation Berhad (KLSE:PARAMON) from Datuk Seri Haji Johari Bin Abdul Ghani and Datin Seri Zurwati Haslinda Binti Zainal Bahry for Approximately MYR 130 million on July 29, 2025. As part of consideration, MYR 126.32 million is paid towards common equity of Paramount Corporation Berhad. The Purchase Consideration is expected to be satisfied via a combination of bank borrowings and internally generated funds.
RHB Investment Bank Berhad acted as financial advisor for Paramount Corporation Berhad.
RHB Investment Bank Berhad completed the acquisition of 28% stake in Paramount Corporation Berhad (KLSE:PARAMON) from Datuk Seri Haji Johari Bin Abdul Ghani and Datin Seri Zurwati Haslinda Binti Zainal Bahry on August 5, 2025. Announcement • Jun 14
Paramount Corporation Berhad Appoints Miss Yoong Sin Min as Independent and Non Executive Director, Effective July 1, 2025 Paramount Corporation Berhad appointed Miss Yoong Sin Min as Independent and Non Executive Director, effective July 1, 2025. Miss Yoong Sin Min, aged 65, is a Malaysian national. She holds a Bachelor of Laws, LLB (Hons) degree from the National University of Singapore and has been admitted to both the Bars in Malaya and in Singapore. She is an experienced lawyer who commenced her legal career with Messrs Shook Lin & Bok in 1985 and became a senior partner of the firm. She was the co-head of the Dispute Resolution practice of the firm and also headed the Banking and Finance Litigation Department. She retired from the firm on August 1, 2023. Ms. Yoong's legal expertise included matters relating to banking and finance, land, corporate disputes, restructuring/insolvencies, and private debt securities. She was involved in numerous landmark legal cases in Malaysia and had been frequently recognized by several established legal publications including Benchmark Litigation, Legal 500, Chambers Asia Pacific, and Asialaw Profiles, as well as being listed in Malaysia's Top 100 Lawyers by Asia Business Law Journal. Ms. Yoong also served as a member of the Financial Stability Executive Committee of Bank Negara Malaysia from 2016 to the end of 2022. She currently sits on the board of directors of a financial institution. She holds directorships in public companies and listed issuers, including HSBC Bank Malaysia Berhad. Price Target Changed • Jun 11
Price target decreased by 12% to RM1.48 Down from RM1.68, the current price target is provided by 1 analyst. New target price is 38% above last closing price of RM1.07. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of RM0.14 for next year compared to RM0.16 last year. Reported Earnings • May 24
First quarter 2025 earnings released: EPS: RM0.023 (vs RM0.012 in 1Q 2024) First quarter 2025 results: EPS: RM0.023 (up from RM0.012 in 1Q 2024). Revenue: RM217.8m (up 26% from 1Q 2024). Net income: RM15.6m (up 102% from 1Q 2024). Profit margin: 7.2% (up from 4.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
Paramount Corporation Berhad, Annual General Meeting, Jun 05, 2025 Paramount Corporation Berhad, Annual General Meeting, Jun 05, 2025, at 10:30 Singapore Standard Time. Location: mercure kuala lumpur glenmarie hotel, suite i, level 2, mercure kuala lumpur glenmarie hotel, jalan kontraktor u1/14, seksyen u1, 40150 shah alam, selangor darul ehsan, Malaysia Declared Dividend • Feb 24
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 6th March 2025 Payment date: 21st March 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.6% over the next 2 years. However, it would need to fall by 9.6% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Feb 23
Full year 2024 earnings released: EPS: RM0.17 (vs RM0.13 in FY 2023) Full year 2024 results: EPS: RM0.17 (up from RM0.13 in FY 2023). Revenue: RM1.04b (flat on FY 2023). Net income: RM114.7m (up 38% from FY 2023). Profit margin: 11% (up from 8.0% in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 03
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 10 December 2024. Payment date: 26 December 2024. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 6.5%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.5%). Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: RM0.026 (vs RM0.03 in 3Q 2023) Third quarter 2024 results: EPS: RM0.026. Revenue: RM273.5m (up 2.5% from 3Q 2023). Net income: RM20.9m (up 11% from 3Q 2023). Profit margin: 7.6% (up from 7.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Real Estate industry in Malaysia. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non Executive Director Eng Ong was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 30
First half dividend of RM0.03 announced Dividend of RM0.03 is the same as last year. Ex-date: 10th September 2024 Payment date: 26th September 2024 Dividend yield will be 6.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0.039 (vs RM0.039 in 2Q 2023) Second quarter 2024 results: EPS: RM0.039 (in line with 2Q 2023). Revenue: RM232.9m (down 3.6% from 2Q 2023). Net income: RM25.8m (up 7.1% from 2Q 2023). Profit margin: 11% (up from 10.0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: RM0.012 (vs RM0.019 in 1Q 2023) First quarter 2024 results: EPS: RM0.012. Revenue: RM172.6m (down 11% from 1Q 2023). Net income: RM12.2m (up 4.9% from 1Q 2023). Profit margin: 7.0% (up from 6.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Real Estate industry in Malaysia. Upcoming Dividend • Mar 05
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Malaysian dividend payers (4.9%). Higher than average of industry peers (3.8%). Declared Dividend • Mar 01
Dividend of RM0.04 announced Shareholders will receive a dividend of RM0.04. Ex-date: 12th March 2024 Payment date: 27th March 2024 Dividend yield will be 9.8%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: RM0.13 (vs RM0.097 in FY 2022) Full year 2023 results: EPS: RM0.13 (up from RM0.097 in FY 2022). Revenue: RM1.01b (up 11% from FY 2022). Net income: RM95.1m (up 58% from FY 2022). Profit margin: 9.4% (up from 6.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: RM0.03 (vs RM0.044 in 3Q 2022) Third quarter 2023 results: EPS: RM0.03 (down from RM0.044 in 3Q 2022). Revenue: RM266.8m (up 15% from 3Q 2022). Net income: RM23.4m (down 14% from 3Q 2022). Profit margin: 8.8% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Sep 01
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from RM0.096 to RM0.112. Revenue forecast unchanged at RM974.7m. Net income forecast to shrink 7.9% next year vs 9.2% growth forecast for Real Estate industry in Malaysia . Consensus price target up from RM0.89 to RM1.09. Share price rose 6.7% to RM0.96 over the past week. Upcoming Dividend • Sep 01
Upcoming dividend of RM0.03 per share at 7.3% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 21 September 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 7.3%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (4.1%). Price Target Changed • Aug 28
Price target increased by 8.4% to RM0.97 Up from RM0.90, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM0.94. Stock is up 36% over the past year. The company is forecast to post earnings per share of RM0.10 for next year compared to RM0.097 last year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: RM0.039 (vs RM0.015 in 2Q 2022) Second quarter 2023 results: EPS: RM0.039 (up from RM0.015 in 2Q 2022). Revenue: RM241.6m (up 19% from 2Q 2022). Net income: RM25.8m (up 183% from 2Q 2022). Profit margin: 11% (up from 4.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 24
Paramount Corporation Berhad Appoints Dato Ong Eng Bin as Independent and Non Executive Independent Director, Effective from 1 July 2023 Paramount Corporation Berhad appointed Dato Ong Eng Bin as Independent and Non Executive Independent Director. His age is 60 and nationality is Malaysia. Date of change is 1 July 2023. Qualifications: Degree in Bachelor of Arts (Honours) in Accounting & Finance (Second Class Honours) from University of Manchester, United Kingdom. Working experience and occupation: Dato' Ong began his career at Pricewaterhouse Malaysia (now known as PricewaterhouseCoopers Malaysia) in 1986. Dato' Ong had an impressive career of 35 years at OCBC Bank (Malaysia) Berhad (OCBC) where he rose through the ranks from a Corporate Banking Officer in 1988 to several leadership roles in different divisions of the bank including as Chief Executive Officer (CEO) of OCBC for eight years from August 2014 until his retirement in December 2022. During his tenure as CEO of OCBC, he was also the Chairman of Pac Lease Berhad and e2 Power Sdn Bhd as well as a Council Member of the Association of Banks in Malaysia. He is an Adviser to the Chairman of OCBC until 30 June 2023.Currently, Dato' Ong serves as an Independent Non-Executive Director (INED) of Credit Guarantee Corporation Malaysia Berhad, a Non-Executive Director of Asian Banking School Sdn Bhd and STF Resources Sdn Bhd, as well as a Council Member of the Asian Institute of Chartered Bankers, and as an INED of Paramount Corporation Berhad with effect from 1 July 2023. Upcoming Dividend • Jun 20
Upcoming dividend of RM0.035 per share at 8.7% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 8.7%. Within top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (4.6%). Announcement • Jun 16
Paramount Corporation Berhad Approves Final Dividend for the Year Ended 31 December 2022 Paramount Corporation Berhad approves declaration of a single-tier final dividend of 3.5 sen per share in respect of the year ended 31 December 2022 at its Annual General Meeting held on 15 June 2023. Reported Earnings • May 30
First quarter 2023 earnings released: EPS: RM0.019 (vs RM0.008 in 1Q 2022) First quarter 2023 results: EPS: RM0.019 (up from RM0.008 in 1Q 2022). Revenue: RM194.6m (up 16% from 1Q 2022). Net income: RM16.0m (up 218% from 1Q 2022). Profit margin: 8.2% (up from 3.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 30
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM1.13b to RM974.7m. EPS estimate fell from RM0.116 to RM0.096 per share. Net income forecast to grow 8.8% next year vs 2.7% growth forecast for Real Estate industry in Malaysia. Consensus price target broadly unchanged at RM0.89. Share price was steady at RM0.80 over the past week. Upcoming Dividend • Mar 10
Upcoming dividend of RM0.12 per share at 7.7% yield Eligible shareholders must have bought the stock before 17 March 2023. Payment date: 29 March 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 7.7%. Within top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (4.4%). Price Target Changed • Feb 28
Price target increased by 13% to RM0.85 Up from RM0.76, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM0.90. Stock is up 26% over the past year. The company is forecast to post earnings per share of RM0.11 for next year compared to RM0.097 last year. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: RM0.097 (vs RM0.046 in FY 2021) Full year 2022 results: EPS: RM0.097 (up from RM0.046 in FY 2021). Revenue: RM847.5m (up 20% from FY 2021). Net income: RM75.3m (up 164% from FY 2021). Profit margin: 8.9% (up from 4.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 02
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from RM725.1m to RM788.6m. EPS estimate increased from RM0.06 to RM0.07 per share. Net income forecast to shrink 25% next year vs 2.8% growth forecast for Real Estate industry in Malaysia . Consensus price target broadly unchanged at RM0.77. Share price rose 4.9% to RM0.75 over the past week. Announcement • Nov 26
Paramount Corporation Berhad Announces Appointment of Puan Fatimah Binti Merican as Independent and Non Executive Member of Audit Committee, Effective November 30, 2022 Paramount Corporation Berhad announced appointment of Puan Fatimah Binti Merican, as Independent and Non Executive Member of Audit Committee. Date of change is November 30, 2022. Age is 68. Composition of Audit Committee: 1) Mr. Quah Poh Keat (Chairman), 2) Ms Foong Pik Yee (Member) and 3) Puan Fatimah Binti Merican (Member). Reported Earnings • Nov 26
Third quarter 2022 earnings released: EPS: RM0.044 (vs RM0 in 3Q 2021) Third quarter 2022 results: EPS: RM0.044 (up from RM0 in 3Q 2021). Revenue: RM231.7m (up 173% from 3Q 2021). Net income: RM33.4m (up RM33.1m from 3Q 2021). Profit margin: 14% (up from 0.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Chairman Chek Tin Quah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Sep 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from RM0.04 to RM0.06. Revenue forecast unchanged at RM725.1m. Net income forecast to shrink 2.9% next year vs 15% growth forecast for Real Estate industry in Malaysia . Consensus price target up from RM0.73 to RM0.76. Share price rose 2.3% to RM0.68 over the past week. Announcement • Sep 27
XCL Education Malaysia Sdn Bhd entered into sale purchase agreement to acquire its remaining equity interest in Sri KDU International School Klang/ Paramount Education/Sri KDU Schools from Paramount Corporation Berhad (KLSE:PARAMON) for MYR 120 million. XCL Education Malaysia Sdn Bhd entered into sale purchase agreement to acquire its remaining equity interest in Sri KDU International School Klang/ Paramount Education/Sri KDU Schools from Paramount Corporation Berhad (KLSE:PARAMON) for MYR 120 million on September 26, 2022. Announcement • Sep 09
Paramount Corporation Berhad to Report Fiscal Year 2022 Results on Feb 27, 2023 Paramount Corporation Berhad announced that they will report fiscal year 2022 results on Feb 27, 2023 Board Change • Sep 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Chairman Chek Tin Quah was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 02
Upcoming dividend of RM0.025 per share Eligible shareholders must have bought the stock before 09 September 2022. Payment date: 22 September 2022. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 7.3%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.8%). Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: RM0.015 (vs RM0.003 in 2Q 2021) Second quarter 2022 results: EPS: RM0.015 (up from RM0.003 in 2Q 2021). Revenue: RM202.4m (up 59% from 2Q 2021). Net income: RM10.7m (up RM9.07m from 2Q 2021). Profit margin: 5.3% (up from 1.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 11% compared to a 16% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. 
