Highlights
KLSE: PARAMON (1724)       PARAMOUNT CORP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
1.26   +0.01 (0.80%)  1.26 - 1.27  284,100
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Dividend, Bonus, Split & Consolidation

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Ann. Date Ex Date Payment Date Type Subject Amount View
22-Aug-2019 06-Sep-2019 25-Sep-2019 DIVIDEND Interim Dividend RM 0.02 Dividend Detail
11-Jul-2019 24-Jul-2019 25-Jul-2019 FREE_WARRANT Others 2 : 5 Dividend Detail
11-Jul-2019 24-Jul-2019 25-Jul-2019 BONUS_ISSUE Bonus Issue 2 : 5 Dividend Detail
29-Apr-2019 19-Jun-2019 04-Jul-2019 DIVIDEND Final Dividend RM 0.06 Dividend Detail
21-Aug-2018 05-Sep-2018 28-Sep-2018 DIVIDEND Interim Dividend RM 0.025 Dividend Detail
27-Apr-2018 18-Jun-2018 04-Jul-2018 DIVIDEND Final Dividend RM 0.06 Dividend Detail
27-Feb-2018 15-Mar-2018 28-Mar-2018 DIVIDEND Special Dividend RM 0.075 Dividend Detail
16-Aug-2017 07-Sep-2017 28-Sep-2017 DIVIDEND Interim Dividend RM 0.025 Dividend Detail
25-Apr-2017 29-May-2017 15-Jun-2017 DIVIDEND Final Dividend RM 0.06 Dividend Detail
17-Aug-2016 07-Sep-2016 28-Sep-2016 DIVIDEND Interim Dividend RM 0.025 Dividend Detail
28-Apr-2016 30-May-2016 15-Jun-2016 DIVIDEND Final Dividend RM 0.0575 Dividend Detail
26-Aug-2015 08-Sep-2015 25-Sep-2015 DIVIDEND Interim Dividend RM 0.0250 Dividend Detail
08-Apr-2015 08-Jun-2015 24-Jun-2015 DIVIDEND Final Dividend RM 0.05 Dividend Detail
14-Aug-2014 28-Aug-2014 17-Sep-2014 DIVIDEND Interim Dividend RM 0.025 Dividend Detail
24-Jun-2014 04-Jul-2014 08-Jul-2014 RIGHTS_ISSUE Rights Issue 1 : 4 Dividend Detail
27-Feb-2014 11-Jun-2014 27-Jun-2014 DIVIDEND Final Dividend RM 0.055 Dividend Detail
22-Aug-2013 06-Sep-2013 26-Sep-2013 DIVIDEND Interim Dividend RM 0.025 Dividend Detail
28-Feb-2013 11-Jun-2013 27-Jun-2013 DIVIDEND Final Dividend RM 0.05 Dividend Detail
30-Aug-2012 13-Sep-2012 03-Oct-2012 DIVIDEND Interim Dividend RM 0.03 Dividend Detail
24-Feb-2012 11-Jun-2012 28-Jun-2012 DIVIDEND Final Dividend RM 0.05 Dividend Detail
16-Aug-2011 29-Aug-2011 19-Sep-2011 DIVIDEND Interim Dividend RM 0.05 Dividend Detail
02-Jun-2011 21-Jun-2011 23-Jun-2011 BONUS_ISSUE Bonus Issue 2 : 5 Dividend Detail
02-Jun-2011 21-Jun-2011 23-Jun-2011 STOCK_SPLIT Others 2 : 1 Dividend Detail
24-Feb-2011 06-Jun-2011 22-Jun-2011 DIVIDEND Final Dividend 20% Dividend Detail
08-Dec-2010 21-Dec-2010 05-Jan-2011 DIVIDEND Special Dividend RM 0.4 Dividend Detail
19-Aug-2010 06-Sep-2010 17-Sep-2010 DIVIDEND Interim Dividend 15% Dividend Detail
24-Feb-2010 07-Jun-2010 16-Jun-2010 DIVIDEND Others 15% Dividend Detail
13-Aug-2009 02-Sep-2009 16-Sep-2009 DIVIDEND Others 13% Dividend Detail
26-Feb-2009 27-May-2009 15-Jun-2009 DIVIDEND Others 13% Dividend Detail
14-Aug-2008 08-Sep-2008 18-Sep-2008 DIVIDEND Interim Dividend 8% Dividend Detail
26-Feb-2008 22-May-2008 09-Jun-2008 DIVIDEND Final Dividend 10% Dividend Detail
16-Aug-2007 12-Sep-2007 28-Sep-2007 DIVIDEND Interim Dividend 6% Dividend Detail
14-Feb-2007 11-Jul-2007 27-Jul-2007 DIVIDEND Others 10% Dividend Detail
17-Aug-2006 11-Oct-2006 27-Oct-2006 DIVIDEND Interim Dividend 5.5% Dividend Detail
23-Feb-2006 13-Jul-2006 28-Jul-2006 DIVIDEND Others 10% Dividend Detail
25-Aug-2005 12-Oct-2005 28-Oct-2005 DIVIDEND Others 8% Dividend Detail
24-Feb-2005 08-Jul-2005 27-Jul-2005 DIVIDEND Final Dividend 5.5% Dividend Detail
26-Aug-2004 04-Oct-2004 28-Oct-2004 DIVIDEND Interim Dividend 3.5% Dividend Detail
26-Feb-2004 28-Jun-2004 22-Jul-2004 DIVIDEND Final Dividend 5% Dividend Detail
21-Aug-2003 08-Sep-2003 02-Oct-2003 DIVIDEND Interim Dividend 3% Dividend Detail
26-Feb-2003 17-Jun-2003 10-Jul-2003 DIVIDEND Final Dividend 4.5% Dividend Detail
21-Aug-2002 26-Sep-2002 18-Oct-2002 DIVIDEND Interim Dividend 3% Dividend Detail
21-Feb-2002 29-May-2002 14-Jun-2002 DIVIDEND Final Dividend 5% Dividend Detail
22-Aug-2001 20-Sep-2001 18-Oct-2001 DIVIDEND Interim Dividend 2.5% Dividend Detail
22-Feb-2001 24-May-2001 18-Jun-2001 DIVIDEND First and Final Dividend 4.75% Dividend Detail
25-Feb-2000 02-Jun-2000 23-Jun-2000 DIVIDEND First and Final Dividend 4.5% Dividend Detail
25-May-1999 23-Jun-1999 13-Jul-1999 DIVIDEND First and Final Dividend 3.5% Dividend Detail
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  4 people like this.
 
andrew95 sold all today~~~
21/08/2019 5:48 PM
andrew95 will buy back if tmr price get pushed down. QR shud be good i guess...
21/08/2019 7:28 PM
andrew95 seems like QR not good. price keep going down...
22/08/2019 9:32 AM
hng33 bought back paramount at 1.29
22/08/2019 10:27 AM
warrior Andrew95, the price is driven by syndicate, not coming QR result.
22/08/2019 11:32 AM
warrior The Paramount warrant is purely speculative play, safer to invest in Mother shares.
22/08/2019 11:34 AM
andrew95 i see...thx man.
22/08/2019 12:59 PM
andrew95 price still din goes up ya..
22/08/2019 4:28 PM
andrew95 Result out! QoQ very good!
22/08/2019 5:54 PM
andrew95 Prospect: Barring any unforeseen circumstances, the Group's financial performance for the financial year ending 31 December 2019 is expected to be better than the previous year upon completion of the
proposals involving the disposals of the Pre-Tertiary Education Group and the Tertiary Education Group.
Conclusion: Meaning next QR even more superb!!!
22/08/2019 6:10 PM
warrior 6.57 sen per share is very good , considering enlarged total shares, because of 2 for 5 shares bonus.
22/08/2019 7:31 PM
warrior If not diluted, the profit per share is 6.57 x 7/5= 9.2 sen per share
22/08/2019 7:33 PM
andrew95 yeahhh. and the director gv 2 sen for dividend also nt bad already after share price get diluted
22/08/2019 7:38 PM
Legend hopefully fly today
23/08/2019 9:03 AM
Legend watch paramount this afternoon
23/08/2019 11:19 AM
ttgipoh good bet
23/08/2019 11:59 AM
Hafid news outdated. profit down
23/08/2019 12:19 PM
Legend ready to fly..wow
02/10/2019 10:41 AM
Kwong2018 2.00 is coming ..
02/10/2019 10:54 AM
Legend yessssss...uptrend momentum
02/10/2019 10:57 AM
RVI123 Did anything happen for the sudden surge?
03/10/2019 12:57 AM
L19th Me too :-)
17/10/2019 5:14 PM
RVI123 When will the sale of Paramount Education be completed? Can it be completed in Q4?
06/11/2019 12:37 AM
Kenny Yap Looking forward the forthcoming positive Q3 results & Disposal timeline by Dec'19... Price will rocket!!!
11/11/2019 12:29 AM
hng33 https://uowmkdu.edu.my/photo_gallery/uow-kdu-press-conference-2019/
19/11/2019 12:01 PM
hng33 Paramount looking at monetising RM690mil assets

Paramount Corp Bhd’s move to re-strategise its investments by gradually moving out of education and putting more money into property development may appear countercyclical at the moment, to say the least.

The decision to reduce its exposure in the education business that offers a stable revenue in favour of the property business amid challenging market conditions, has raised concerns.

However, Paramount group chief executive officer Jeffrey Chew (pic) believes “the time is right considering the soft market conditions”. As it turns out, the group’s strategy seems to resonate well with investors.

Year-to-date, the stock has outperformed the Bursa Malaysia Property Index, even as sentiment in the local property market remains subdued.

On June 21, the group’s share price hit an all-time-high of RM2.23, following the announcement on the divestment of Paramount’s stake in its K-12 education business for RM540.5mil.

Chew tells StarBizWeek that cash generated by monetising Paramount’s education business will mainly go towards landbanking activities and project developments.

The approach is in line with Paramount’s aspirations to become a pure-play property company.

On top of the divestments announced in the recent years, Paramount is looking at three potential ways to monetise up to RM690mil worth of assets over the next seven years. “Firstly, we can dispose of our remaining equity in K-12 over the next three to five years, which will give us about RM160mil.

“Secondly, we can raise up to RM50mil by monetising our remaining stake in the tertiary business comprising KDU University College Sdn Bhd (KDUUC), KDU University College (PG) Sdn Bhd (KDUPG) and KDU College (PJ) Sdn Bhd.

“Finally, we can monetise the campus assets leased previously to University of Wollongong. This can be done via a real estate investment trust and can raise about RM480mil,” says Chew.

When asked whether the move to invest more in landbanking efforts was akin to “going against the tide”, Chew disagrees.

“Yes, the property market is soft today, but this is the time where a lot of land owners are a little more reasonable in expectations in selling land or doing joint ventures.

“If you look at the current land bank that we have, we have RM7bil to RM8bil in gross development value. As we exhaust all the land bank, we need to replenish and as a property developer, it is good to continue having land bank to fund your growth,” he says.

On June 21, Paramount proposed to sell its controlling interest in three wholly owned subsidiaries – Paramount Education Sdn Bhd, Paramount Education (Klang) Sdn Bhd and Sri KDU Sdn Bhd – to Two Horses Capital Sdn Bhd for a cash consideration of RM540.5mil. TPG Capital Asia, the Asian investment platform of global alternative asset firm TPG, will provide financing to THC as well as strategic and operational support, including leveraging on its network and experience in the education sphere.

Following the completion of the proposed disposal, Paramount will only hold 30.3% in Paramount Education and 20% each in Paramount Education (Klang) and Sri KDU.

An industry observer described the divestment as a “good deal with a very good price”, considering the price-to-earnings ratio of about 16 times.

Paramount plans to use 32.7% of the proceeds raised from the K-12 divestment or RM177mil – the largest portion of its intended utilisation – as a special cash dividend for its shareholders within six months of the completion of the disposal.

The group also plans to use RM150mil to replenish its land bank and RM133.66mil to repay its borrowings.

In its report last month, RHB Research Institute pointed out that Paramount’s value-unlocking exercise for the K-12 education unit will be important in reducing its gearing level.

As of end-May, the group’s gearing level stood at 0.93 times, excluding private debt securities.

With the divestment of controlling stake by Paramount, the involvement by THC and TPG Capital Asia in the K-12 business will be key for its future growth and regional expansion.THC is led by two corporate figures with proven experience in the education space namely Tunku Ali Redhauddin Tuanku Muhriz and Datuk Ganen Sarvananthan.

Tunku Ali is also the senior advisor to TPG Capital Asia, which Ganen is a managing partner at the firm.

A source tells StarBizWeek that TPG Capital Asia is looking at expanding the K-12 education business nationwide and across Southeast-Asia.

“The firm has already invested in Vietnam Australian International School that has seven campuses in Ho Chi Minh City. The plan is to include it with the K-12 business,” he says. Over the last several years, Paramount has gradually reduced its exposure in the education segment.

In 2017, the group sold its Sri KDU Campus in Petaling Jaya for RM165mil to unlisted Alpha REIT, which led to Paramount dishing out a bumper dividend of 16 sen
19/11/2019 12:10 PM
thesteward Paragon result v good bro Hng. Comgrats
20/11/2019 5:15 PM
hng33 From the latest Paramount result, assets held for sale worth RM 619.4m to be recognized within these month or next Dec, to be completed by Q4 2019.

Once assets completion done, it will follow by RM 177m payout as special dividend to reward shareholder, worth 29sen/share
20/11/2019 5:37 PM
hng33 https://www.theedgemarkets.com/article/paramount-3q-net-profit-doubles-disposal-gain
20/11/2019 7:13 PM
thesteward Wah great !!!!!
Waiting patiently for special dividend
20/11/2019 9:02 PM
thesteward Rm177 million payout as special dividend will be yummmmmyyy
20/11/2019 9:22 PM
hng33 I strongly believe as Chinese oriented stock, paramount will immediately opt to declare special dividend payout the moment the divestment of its k12 education complete within these few week time.

The payout RM 177m to reward shareholder will give rise to 29sen/share special dividend. The declaration of entitlement should in December and payment time should be next year Jan, before CNY in 25 Jan 2020, every paramount shareholder should get these handsome Angpau to celebrate CNY.
20/11/2019 9:38 PM
thesteward Yes yes I believe you are right bro Hng ...I check the previous 2/3 years every year got one interim and one special dividend . This co directors really know how to appreciate loyal investors n their performance has been pretty impressive .
21/11/2019 12:02 AM
hng33 https://www.pcb.my/newsroom/paramounts-3q2019-profit-up-by-94/
25/11/2019 11:43 AM
hng33 Paramount immediate resistance is at RM 1.31. Once gather enough momentum, the breakout will send stock to next level at 1.40
25/11/2019 12:08 PM
hng33 For information purpose, Paramount special dividend will NOT lead to reduction in warrant exercise price.

The warrant exercise price is fixed at RM 1.79. Current warrant price is now at 18.5saen, therefore, it is NOT worth at all to buy warrant, pay exercise price and convert to entitle special dividend.
25/11/2019 12:12 PM
Ester1 @hng33 already break 1.31. Boleh send to moon kah?
25/11/2019 4:54 PM
Kenny Yap Coming 1.40!?
25/11/2019 5:39 PM
thesteward Tomolo kasi 1.40
25/11/2019 11:26 PM
CharlesT 1.20 io 1.40 coming....lol
29/11/2019 2:55 PM
hng33 Add more paramount at 1.24
29/11/2019 4:01 PM
warrior RM177 millions special dividend is within 6 months from completion of SPA.
05/12/2019 4:21 AM
Kenny Yap Deadline: by Dec'19
05/12/2019 10:50 AM
warrior When was SPA signed?
05/12/2019 12:16 PM
Kenny Yap 19/06/19 - SPA signed
13/09/19 - Passed EGM
(Disposal & SD RM0.30/ share)
Dec'2019 - Approval from Minister of Edu
- Fulfilment of all SPA condition
- Full settlement of disposal
- Transfer of Paramount sale shares
- Anytime to declare SD RM0.30
05/12/2019 11:21 PM
warrior Thank you Kenny Yap.

Waiting for my RM30K SD
06/12/2019 6:33 AM
warrior Worth buying now at 1.25 a paramount share.
06/12/2019 8:25 PM
AllanTingAS Cannot find the declaration of RM0.30/ share in the QR on the sales of the education sector. Please advise on the confirmation.
07/12/2019 10:38 PM
Kenny Yap P/s read up pg11 of circular/ notice to shareholders dated 28/08/19.

Announcement will be made after fulfillment of SPA, full settlement of disposal & transfer of shares which expected to be done by Dec 2019.

Note: SD RM177mil/ 606mil shares = +/-RM0.30/ shares
08/12/2019 11:59 PM
hng33 Courting down time for completion and special dividend announcement soon.
09/12/2019 9:54 AM


 

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