Paramount Corp. Bhd.
MMYX:PARAMON0.97
MYR
-0.01
(-1.03%)
ISIN
MYL1724OO003
Return %
Stock
S&P 500
1Y
-8.10
14.20
3Y
3.76
81.12
5Y
24.52
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Sun Teong Chew
- Full Time Employees
- 499
- Sector
- Finance
- Industry
- Real estate development
- Address
- Petaling Jaya Malaysia
- IPO Date
- Jul 15, 1971
- Website
- pcb.my
- Similar Companies
- Business
- Paramount Corporation Berhad is a Malaysia-based investment holding company primarily engaged in property development, flexible workspace management, and hospitality services. Founded in 1969 as Malaysia Rice Industries Berhad before rebranding to its current name in 1980, the company is headquartered in Petaling Jaya, Selangor, Malaysia, and is publicly traded on the Main Market of Bursa Malaysia under the ticker symbol PARAMON. The group operates across three primary business segments: Property, Coworking, and Investment and Others. The company provides a comprehensive suite of products and services across its operational divisions, comprising residential, commercial, and industrial property development including master-planned townships, landed homes, high-rise condominiums, integrated commercial centers, and industrial parks; property investment and asset management involving retail spaces, educational campus facilities, and commercial car parks; project management and general building construction contracting; flexible office solutions under the Co-labs Coworking brand featuring hot desks, dedicated workstations, private offices, enterprise suites, meeting rooms, and event venue rentals; enterprise workspace-as-a-service through the Scalable brand encompassing location sourcing, customized office design, build and fit-out execution, and operational facility management; hospitality and accommodation services operated through the Mercure Kuala Lumpur Glenmarie hotel; fine dining and culinary concepts through restaurant brands including Dewakan and Bidou; and digital investment holding, including equity participation in peer-to-peer financing platforms. Geographically, Paramount Corporation Berhad maintains its primary core operations in Malaysia across key growth corridors including the Klang Valley, Penang, and Kedah, while holding international residential development assets in Bangkok, Thailand. In recent developments, Paramount Corporation Berhad has executed an aggressive land replenishment and operational expansion strategy to drive medium- and long-term pipeline development. The group has secured multiple strategic land acquisitions with a combined estimated gross development value exceeding RM4 billion, highlighted by the acquisition of prime freehold commercial land along Jalan Ampang in Kuala Lumpur for luxury serviced residences, a 48.49-acre land parcel in Section U9, Shah Alam for residential master developments, and further land purchases in Batu Kawan, Penang, Bandar Lunas, Kedah, and Precinct 7, Putrajaya. In its workspace division, the company has expanded its Co-labs Coworking network footprint to over 232,000 square feet across 11 key locations to capitalize on rising corporate demand for decentralized and hybrid office environments. Concurrently, the group has reinforced its financial trajectory by sustaining property sales above RM1 billion annually, backed by a strong unbilled sales portfolio, while continuously pacing high-density and township project rollouts in response to regional demand dynamics.