$PARAMON / 1724 (PARAMOUNT CORPORATION BERHAD)
Research by TA
Buy – TP RM1.71

“Acquiring 21.5% Stake in EcoWorld International"

We value PCB at RM1.71/share (previously RM1.47/share), based on a higher CY25 P/Bk target multiple of 0.7x from the previous 0.6x, reflecting potential value enhancement from its investment in EWI. We anticipate a positive reaction in PCB's share price to the acquisition and maintain a Buy recommendation on the stock.

Analyst:
Thiam Chiann Wen
cwthiam@ta.com.my