<div class=newsTextDataWrapInner><p><strong>PARAMOUNT CORPORATION BHD​ (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>PARAMOUNT (Fundamental: 1.4/3, Valuation: 2.6/3) has surged 8.8% to a 3-year high of RM1.85 since posting strong 1Q15 results on May 19. For 1Q15, net profit rose 18.5% y-o-y to RM23.2 million, boosted by higher progressive billings.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The company has ongoing property development projects in the Klang Valley and Sungai Petani with a total Gross Development Value (GDV) of RM2.4 billion. It also provides primary, secondary and tertiary education services via KDU Education Group.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Paramount is targeting to complete its RM227.4 million acquisition of 237.3 acres of land in Salak Tinggi by July 2015, increasing its total GDV for ongoing and future projects to RM9.1 billion. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The stock trades at a trailing 12-month P/E ratio of 11.8 times and 0.8 times book value. A final dividend of 5 sen will go “ex” on June 8, pending shareholder approval. Dividends for FY2014 totalled 7.5 sen, giving a yield of 4.1%.</p></div>

<div class=newsTextDataWrapInner><p><img alt="Paramount_fd_020615_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/Paramount_fd_020615_theedgemarkets.png" style="height:630px; width:500px" /></p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on June 2, 2015.</p></div>


PARAMOUNT CORPORATION BHD​ (-ve)

PARAMOUNT (Fundamental: 1.4/3, Valuation: 2.6/3) has surged 8.8% to a 3-year high of RM1.85 since posting strong 1Q15 results on May 19. For 1Q15, net profit rose 18.5% y-o-y to RM23.2 million, boosted by higher progressive billings.&nbs...

Stock With Momentum: Paramount Corporation

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<p>All applications for pardons related to offences committed in the Federal Territories of Kuala Lumpur, Labuan and Putrajaya must be submitted to the Pardons Board, which is chaired by the King, said the Attorney General's Chambers (AGC).</p>


<p>Russia's Vladimir Putin on Saturday apologised to Azerbaijan's president for a "tragic incident" which happened in Russian airspace involving an Azerbaijan Airlines passenger plane that crashed after air defences were used against Ukrainian drones.</p>


<p>China’s central government urged local authorities to offer handouts to people struggling with the cost of living, <em>Xinhua News Agency </em>reported, citing a notice from the Ministry of Civil Affairs.</p>


<p>The recent Court of Appeal decision in the case of <em>Zuraida Bte Kamaruddin v Saifuddin Nasution bin Ismail</em> stirred interest not just within the legal fraternity but caused public disquiet due to its wide-reaching implications on the political scene and society at large.</p>


<p>British Prime Minister Keir Starmer has asked the country's regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy, <em>Sky News</em> reported on Saturday.</p>


<p>The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.</p>
