April 29, 2011

PARAMON - Paramount cut to 'market perform' at RHB

Stock Name: PARAMON
Company Name: PARAMOUNT CORPORATION BHD
Research House: RHB

Paramount Corp, a Malaysian property developer, was downgraded to “market perform” from “outperform” at RHB Research Institute Sdn Bhd as the stock was seen to be “fully valued”.

There is “less than 5 per cent upside to our fair value,” which was maintained at RM5.92, analyst Loong Kok Wen wrote in a report today. -- Bloomberg

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