Paramount Corporation sets RM10bn GDV target, intensifies asset monetisation

Paramount Corporation Bhd is accelerating its growth trajectory with a bold plan to expand its total projected landbank GDV to RM10bn in 2026, up from RM7.7bn currently. The Group’s property segment remains the core driver, supported by RM1.5bn in unbilled sales and a launch pipeline of RM1.1bn for FY26, marking a recovery from RM808m in FY25. Cost optimisation initiatives, including faster project delivery and improved land utilisation, are expected to strengthen margins.

Management is also executing a capital recycling programme, targeting the monetisation of RM900m in non-core assets such as education campuses, Atwater Towers, Glenmarie Hotel, Utropolis Marketplace Mall and investments in EWI Capital Bhd.

Paramount Corporation

These assets yield a dilutive 1% ROE, and redeployment into higher-return property projects is aimed at bridging the profitability gap toward the Group’s 10% ROE goal.

Diversification remains a key pillar, with Paramount’s 28% stake in Envictus International Holdings driving expansion in F&B through Texas Chicken and San Francisco Coffee outlets. Meanwhile, its coworking division plans to add 80,000 sq ft NLA, reaching 280,000 sq ft by FY26, with enterprise-focused models expected to secure full occupancy.

Maintain BUY with unchanged TP of RM1.40, pegged to a 50% discount to RNAV.

---

Business News