Stock Name: PARAMON
Company Name: PARAMOUNT CORPORATION BHD
RHB Research upgraded Paramount Corp Bhd to outperform with a higher fair value of RM2.08 per share as it sees better performance of both the company's property development and education divisions going forward.
"Paramount is ready for a re-rating," the research house said in a note on Monday.
"The expected weak results this year have largely been priced in. Earnings are set to recover."
RHB raised its 2013-2014 earnings forecasts on Paramount slightly by 2-3 percent on the better outlook.
By 0933 am (0133 GMT), Paramount's share were down 2.26 per cent to RM1.73 per share, underperforming the Malaysia's benchmark stock index's 0.5 per cent rise. - Reuters
Company Name: PARAMOUNT CORPORATION BHD
| Research House: RHB | Price Call: BUY | Target Price: 2.08 |
RHB Research upgraded Paramount Corp Bhd to outperform with a higher fair value of RM2.08 per share as it sees better performance of both the company's property development and education divisions going forward.
"Paramount is ready for a re-rating," the research house said in a note on Monday.
"The expected weak results this year have largely been priced in. Earnings are set to recover."
RHB raised its 2013-2014 earnings forecasts on Paramount slightly by 2-3 percent on the better outlook.
By 0933 am (0133 GMT), Paramount's share were down 2.26 per cent to RM1.73 per share, underperforming the Malaysia's benchmark stock index's 0.5 per cent rise. - Reuters
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