Last 1.51 MYR
Change Today +0.01 / 0.67%
Volume 303.4K
PAR On Other Exchanges
Symbol
Exchange
Kuala Lumpur
Kuala Lumpur
As of 4:54 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

paramount corp bhd (PAR) Snapshot

Open
1.50
Previous Close
1.50
Day High
1.51
Day Low
1.49
52 Week High
04/10/14 - 1.64
52 Week Low
08/28/13 - 1.36
Market Cap
637.6M
Average Volume 10 Days
431.2K
EPS TTM
0.16
Shares Outstanding
422.3M
EX-Date
06/11/14
P/E TM
9.3x
Dividend
0.07
Dividend Yield
4.96%
Current Stock Chart for PARAMOUNT CORP BHD (PAR)

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paramount corp bhd (PAR) Details

Paramount Corporation Berhad, an investment holding company, is engaged in the property development and investment, construction, and education businesses in Malaysia. It develops residential and commercial properties; constructs buildings; provides project management and engineering services; and is engaged in infrastructure, high-rise, school, and other public works. The company also operates private educational institutions, including college campuses in Damansara Jaya and Penang, which offers a range of degree, academic, professional, and commercial courses; and private schools that provide primary and secondary education services, as well as offers executive education and professional development programs. In addition, it is involved in the operation of a club house, as well as car parks. The company was formerly known as Malaysia Rice Industries Berhad and changed its name to Paramount Corporation Berhad in 1980. Paramount Corporation Berhad was incorporated in 1969 and is based in Petaling Jaya, Malaysia.

Founded in 1969

paramount corp bhd (PAR) Top Compensated Officers

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Executives, Board Directors

paramount corp bhd (PAR) Key Developments

Paramount Is In Talks To Acquire Land

Paramount Corporation Berhad (KLSE:PARAMON) is in talks to acquire land. Paramount expects to complete the acquisition of several pieces of land in Machang Bubuk in Penang by the end of 2014, which will bring its total land bank in the country to 800 acres, said Chief Executive Officer Datuk Teo Chiang Quan. He said the property developer is currently negotiating sale and purchase agreements with several small landowners. Teo said Paramount is also "eyeing (to acquire) one more piece of land in the Klang Valley", although the exact location and cost of the land were not revealed. "We have earlier acquired 36 acres [of land in Machang Bubuk] and we are now increasing the size around this," Paramount group chief operating officer Chris Tay Lee Kong said. "We are building up investment properties for the future and in the future we will start to let out the properties, collect the rent and make a profit from the rental. So, that will be a new source of income for Paramount," said Teo.

Paramount Corporation Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Paramount Corporation Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of MYR 98,775,000 against MYR 110,480,000 a year ago. Operating profit was MYR 22,919,000 against MYR 20,316,000 a year ago. Profit before tax was MYR 23,822,000 against MYR 20,448,000 a year ago. Total profit attributable to owners of the parent was MYR 19,560,000 or 5.79 sen per basic share against MYR 14,747,000 or 4.37 sen per basic share a year ago. Net assets (NA) per share were MYR 2.21. Net cash used in operating activities was MYR 12,509,000 against MYR 18,730,000 a year ago. Purchase of property, plant and equipment was MYR 21,921,000 against MYR 7,502,000 a year ago.

Paramount Corporation Berhad Appoints Chew Sun Teong as Chief Executive Officer, Effective from July 1, 2014

The Board of Directors of Paramount Corporation Berhad on May 28, 2014 resolved to appoint Mr. Chew Sun Teong as the Group Chief Executive Officer of the company with effect from July 1, 2014. Mr. Chew was most recently Director and CEO of OCBC Bank (Malaysia) Berhad – a position he held since 2008. During his six years at the helm, he introduced and led various innovative initiatives to strengthen the franchise and grow the business.

 

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Industry Average

Valuation PAR Industry Range
Price/Earnings 9.0x
Price/Sales 1.0x
Price/Book 0.7x
Price/Cash Flow 9.1x
TEV/Sales 0.2x
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