The 5 Reason why I buy paramon:-
1. Paramount recently sold some business and gain handsome profit which include jerneh insurance which RM130.80 million pocketed at the same time sell some business which is making loss -- KDU International Sdn Bhd which really show management capability and decisive decision (thumb up).
2. One of the lowest PE property counter in the market -- If we take latest EPS which translate PE6.6
3. As latest paramount landed property launch in kemuning utama buyer Q for overnight and have it sold out in less than 1 day time price @ 520k above... amazing G&G concept and strategy location.
4. Now they're accumulate land in cyberjaya which I think next booming location will be happen soon.
5. Paramount is cash rich, special dividend likely to happen in next Qtr, if paramount giving out all the dividend which they dispose jerneh each share can get RM1.08
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the special dividend from jib disposal is rm0.40 PS (minus tax). you can find that in the egm circular.
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