[%ZpmP%] 
Research by TA
Buy – TP of RM1.17

“Optimistic about FY24 Outlook”

PCB has set a sales target of RM1.4bn for FY24, underpinned by seven projects (including new phases of existing projects) with an estimated gross development value of RM2.4bn. 

PCB anticipates improved performance in its Co-Working division amid the ongoing recovery of the Malaysian economy. In 4Q23, Co-labs Coworking expanded its presence at Ken TTDI in Taman Tun Dr Ismail, Kuala Lumpur, and opened a new space at The Five in Damansara Heights, Kuala Lumpur, in Jan-24. Aside from this, it also expanded its Tropicana Gardens space in 4Q23. With this expansion, PCB currently has seven locations totalling 167,000 sq ft in the Klang Valley. 

Analyst(s):
Thiam Chiann Wen 
[%GxiU%]

$KLSE-PARAMON 
Research by TA
Buy – TP of RM1.17

“Optimistic about FY24 Outlook”

PCB has set a sales target of RM1.4bn for FY24, underpinned by seven projects (including new phases of existing projects) with an estimated gross development value of RM2.4bn. 

PCB anticipates improved performance in its Co-Working division amid the ongoing recovery of the Malaysian economy. In 4Q23, Co-labs Coworking expanded its presence at Ken TTDI in Taman Tun Dr Ismail, Kuala Lumpur, and opened a new space at The Five in Damansara Heights, Kuala Lumpur, in Jan-24. Aside from this, it also expanded its Tropicana Gardens space in 4Q23. With this expansion, PCB currently has seven locations totalling 167,000 sq ft in the Klang Valley. 

Analyst(s):
Thiam Chiann Wen 
cwthiam@ta.com.my

$PARAMON / 1724 (PARAMOUNT CORPORATION BERHAD)