Paragon Union’s shares declined 98 sen or approximately 30% to RM2.29 on June 15, 2026, hitting the limit down for the second straight day in a row [1, 2, 3]. This brought the company’s market capitalization down by around RM230 million, reducing it to RM231.56 million [1, 2, 3].
The share price fall marked a 51% drop from RM4.66 recorded two sessions prior, and a decline from RM4.88 on May 28 that erased about RM260 million in market value [1, 2, 3]. Year to date, the stock is down 33.62% [1, 2].
This sharp decline came after Bursa Malaysia issued an unusual market activity (UMA) query to Paragon Union regarding the steep losses and trading pattern [1, 2, 3]. Paragon Union responded that it was unaware of any corporate developments, rumours, or reports that could explain the drop or the unusual trading activity [1].
Paragon Union has a trailing 12-month price-earnings ratio of 194.2 times, significantly higher than peers such as SSF Home Group at 38.7x and Sorento Capital at 17.7x [1, 2]. Its executive chairman, Koon Hoi Chun, holds a combined indirect and direct stake of approximately 55.2% in the company [1, 2].
For the third quarter ended March 31, 2026, Paragon Union reported a net loss of RM730,000 on revenue of RM28.42 million. The company did not provide a year-on-year comparison as it changed its financial year end to June 30, 2025 [1, 2].
Earlier in January, Paragon Union announced a joint venture with Japan’s Asahi Seiren Co Ltd to form Paragon Asahi Seiren Sdn Bhd. The JV aims to combine Paragon Union’s local presence with Asahi Seiren’s recycling technology to supply low-carbon recycled aluminium for the automotive, construction, and packaging sectors in Southeast Asia. Paragon Union holds a 60% stake in the venture through its wholly owned subsidiary Paragon Metal Sdn Bhd [1, 2].
On June 15, 2026, Paragon Union was recorded as the second largest decliner on Malaysia’s stock market, which saw over 5 billion shares traded valued at RM3.9 billion in total [3].
