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KUALA LUMPUR (May 6): Paramount Corporation Bhd (KL:PARAMON) said it has so far issued RM190 million under its RM500 million perpetual securities programme.
In its filing on Wednesday, the property developer announced the issuance of RM90 million in perpetual securities. Combined with an earlier issuance of RM100 million, this brings the total perpetual securities issued to date to RM190 million.
The group has established an unrated perpetual securities issuance programme of up to RM500 million in nominal value, pursuant to the Securities Commission’s guidelines on unlisted capital market products under the lodge and launch framework back in August, 2019. The programme allows it the option to issue securities over time for its working capital requirements.
According to its financial outlook for FY2026, Paramount has an orderbook of RM1.5 billion as at Dec 31, 2025.
As at Dec 31, 2025, Paramount’s balance sheet reflects a net debt position of RM919.9 million with its bank borrowing and lease of RM1.25 billion exceeding cash and bank balance of RM331.51 million.
According to AskEdge data, Paramount is currently trading at a price-earnings ratio of 5.3 times, lower than most peers where the ratio is not loss-making or featuring insufficient data.
The ratio is also at the lower end compared to its historical valuation in recent years.
The counter is also trading at a price-book ratio of 0.4 times, which is lower than most of its peers.
As at market close on Wednesday, Paramount’s share price was down one sen or 0.98% at RM1.01, valuing the company at RM629 million.
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