$PARAMON / 1724 (PARAMOUNT CORPORATION BERHAD)
Research by TA
Buy – TP of MYR 1.68

“Maintaining RM1.4bn Sales Target ”

Paramount Corporation Bhd’s (PCB) 1Q24 net profit to ordinary equity holders of RM7.7mn came in below expectations, accounting for 9.4% of both our and the consensus’ full-year forecasts. The negative variance was largely due to slower-than-expected progress billings.

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