This one next

Hubline said the board has a duty to protect the shareholder’s investment in the group, and concluded this was the right time to sever the container shipping arm of the group, and instead focus the group’s time and resources to what will maximise shareholder return.

Source : http://www.thestar.com.my/Business/Business-News/2015/02/18/Hubline-to-exit-loss-making-container-shipping-business/?style=biz

Hubline to exit loss making container shipping business

KUALA LUMPUR: Hubline Bhd is exiting the container shipping business industry following losses incurred by the division over the last few years while it also does not see an immediate turnaround.


The company said on Wednesday a continued participation in the sector would eventually “harm” its profitable operations of the break bulk division.


Hubline said it had to reassess the group’s financial and operational strategies due to the losses incurred by the division over the last few years.


It said the board had done a detailed deliberation and review of all relevant factors, and have decided to exit from the container shipping business industry and therefore will be discontinuing the group’s container shipping operations.


Explaining the rationale for stopping these operations, it said the container liner industry had long been suffering since the economic crisis and overcapacity in the market is still evident.


“The global liner industry is struggling with the depressed freight rates to meet operating costs. The global trade patterns are fast changing which is challenging to our operating model.


“Consequently, competition for cargo is still very fierce and operators are struggling to stay profitable with the depressed freight rate environment,” it said.


Hubline said the board has a duty to protect the shareholder’s investment in the group, and concluded this was the right time to sever the container shipping arm of the group, and instead focus the group’s time and resources to what will maximise shareholder return.


“The group’s break bulk division has the potential to develop and grow without being challenged by the pressures of subsidising the container shipping division,” it said.


It added the exit process would involve withdrawal from various trade routes, termination of related service and operational contracts, as well as the disposal of container shipping related assets.


Hubline anticipates the liner business will cease its operations by the current financial year ending Sept 30, 2015. The move would also impact various subsidiaries and agencies related to the liner business.


“The exit will have a material effect on the financial results of the group for the financial year ending Sept 30, 2015, as impairments and losses will be crystallised to terminate the drain to the group’s resources.


“The container shipping division, in the last four years, has contributed an average of 79% to the group’s overall revenue, and an average of -134% of profit before tax, hence an overall negative impact to the group’s overall net result,” it said.


Hubline said the group’s main activity would remain as shipping, however, the focus will shift towards break bulk shipping.


Break bulk shipping is a viable and sustainable division with good prospects of further growth.


Subject to market conditions during the exit process and the company’s successful execution of its exit plans, the estimated one-off costs to the income statement are expected to be approximately RM350mil for FY ending Sept 30, 2015.


“However, over the long term, as the group concentrates on its profitable break bulk division, the board anticipates a positive impact to the group’s earnings,” it said.

miss the boat already. But pretty dengerous to go in now as it already go very high and achieve target 0.15. Hey StrongMan where you heard the take over news ? is it true ? what source ?

this company have very good future la..recieve lot of project.potential RTO and heard about another infrasturcure project by Penang Govt...So all the good news coming in.

if RTO confirm then the price should be very HIGH.

hahahah april what year ?hahahah

have to wait for 100 year.

buy as much as you can and wait.

wait after chinese new year.

normally when there is rto or even mgo...the price will shoot.

who taking over ?

wow so amazing to see other oil & gas counter moving very high day by day.

I 100% agree with you AyamTua. Among all leaders. I respect Tok Guru Nik Aziz the most. The country lost such a good charismatic leader.

Al-Fatihah. Semoga Allahyarham dicucuri rahmat dan ditempatkan bersama golongan orang-orang yang beriman.

Post removed.Why?

KUALA LUMPUR: Malaysia’s economy expanded 5.8% in the fourth quarter of 2014 supported largely by strong domestic demand while for the year, the country’s GDP grew 6%.

For the full year, the country registered GDP growth of 6%, higher than expectations on the back of growth in the private sector.

Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said on Thursday she expects the Malaysian economy to remain on a steady growth path despite the uncertainty in the global economic environment.

She said at a briefing this was due to the country's diversified economic structure supported by strong fundamentals such as low inflation, favourable employment conditions, low external debt and ample international reserves.

Data showed the GDP growth in Q4, 2014 was higher at 5.8% from 5.1% a year ago.

Underpinning the growth was services, which expanded 6.4%, construction 8.7% while manufacturing expanded 5.2%. Mining jumped 9.6% but agriculture declined 2.8%.

For 2014, services expanded 6.3%, construction 11.6%, manufacturing 6.2% and mining 3.1% while agriculture increased 2.6% from 2013.

“The Malaysian economy is expected to remain on a steady growth path. The gradual recovery in global growth will lend support to manufactured export performance, although overall export growth would likely remain modest amid lower commodity prices,” the central bank said.

BNM said domestic demand is expected to remain favourable amidst the lower oil prices. Investment activity is projected to remain resilient, with broad-based capital spending by both the private and public sectors cushioning the lower oil and gas-related investment activity.

“While private consumption is expected to moderate, the steady rise in income and employment, and the additional disposable income from the lower oil prices would support household spending,” it said.

Elaborating on the GDP growth, BNM said the Malaysian economy registered a higher growth of 5.8% in the fourth quarter of 2014 (3Q 2014: 5.6%), driven mainly by stronger private sector spending.

On the supply side, growth was sustained by the major economic sectors, supported by trade and domestic activities.

On a quarter-on-quarter seasonally-adjusted basis, growth momentum increased to 2.0% (3Q 2014: 0.9%). For the year 2014, the Malaysian economy grew by 6.0%.

Domestic demand remained the anchor of growth in the fourth quarter, mainly on account of the improvement in private sector activity.

Private investment expanded at a faster pace of 11.2% (3Q 2014: 6.8%), driven by capital spending in the manufacturing and services sectors.

Private consumption registered a stronger growth of 7.8% (3Q 2014: 6.7%), supported by stable labour market conditions and continued wage growth. Public consumption expanded at a more moderate pace of 2.7% in the fourth quarter (3Q 2014: 5.3%), due to slower growth in both emoluments and supplies and services.

Public investment, however, continued to decline, albeit at a slower pace of 2.1% (3Q 2014: -8.9%), following a smaller contraction in spending on fixed assets by the Federal Government.

On the supply side, growth in the fourth quarter was supported by major economic sectors.

Growth in the services sector was underpinned by expansion across all sub-sectors.

The construction sector remained strong, driven mainly by non-residential and residental sub-sectors, while the mining sector registered a stronger growth due to higher crude oil production.

The manufacturing sector continued to expand, supported mainly by the export-oriented industries. However, the agriculture sector recorded a contraction due to lower palm oil production caused by the floods in the eastern states of Peninsular Malaysia.

i will add more tomorrow for mother. :-)

a lot of company now shifting to shipping industries such as asiabio because of its potential during this time. Let see how Hubline Performance for next Quarter.

IEA & OPEC using every possible way to influence the oil price movement by flooding the Market with bad news on oil and all the bad analysis and prediction on oil to go down further. This clearly shows that this two are in it for kill and they are heading to kill shale producer and refiner in America.

aiyo i become scared now. whatever it is, i will keep it as long term investment la.

why cabut when its already start engine going up ?

DEFINITION of 'Reverse Takeover - RTO'

A type of merger used by private companies to become publicly traded without resorting to an initial public offering. Initially, the private company buys enough shares to control a publicly traded company. The private company's shareholder then uses their shares in the private company to exchange for shares in the public company. At this point, the private company has effectively become a publicly traded one.

Maybe Potential RTO

heheh i jump in already. Thank you Jet li.

KLB...DAVOS....HONG Reality Ceasing to substantial shareholder. What happen ?

they disposed warrent

not worth to buy la.

waaa wintoni also going up now. Aiyo dont have money la.hanya boleh tengok. :-)

If this 3 move...suma will follow. :-)

hahahah look like lain kali lah .....they busy playing number 1.2..3..4..5..6..7..8..9..10...

all other oil & gas counter are bullish. Except for Sumatec. Maybe can try KNM...BARAKAH,PERISAI,THHEVY,ALAM.... Sumatec not interesting anymore. :-).

what happen to sumatec? all oil & gas counter moving up so much already. But suma still stuck there.

yeah Ant is correct. I will eventually go up. But Kena Sabar la. :-)

50 RICHEST MALAYSIAN

http://www.forbes.com/malaysia-billionaires/list/

ONLY 8 of them are Malay. The rest you know Who laaaa.

next week and the week after watch ASIABIO...SANICHI....FOCUS.... And Possible VSOLAR :-) .

next week and the week after watch ASIABIO...SANICHI....FOCUS.... And Possible VSOLAR :-) .

next week and the week after watch ASIABIO...SANICHI....FOCUS.... And Possible VSOLAR :-) .

heheh i will jump in later Jetli. This one sure will go up.

List of Chinese Palm Oil Product :-

Seri Murni
Buruh
Vesawit
vesoya
vecorn
knife
naturel
daisy
fan
red eagle
naptune
krystal

ITU BARU MINYAK MASAK.BELUM LAGI YANG LAIN. KALAU LETAK YANG LAIN TAK CUKUP KOT SATU PAGE. Itu Baru satu product.Belum Yang lain.

oit Jetli...where got RTO ? Confirm ker? I dont want to jump in yet as they will not move now. They need to collect more at 0.065 like previously.

PART 2

Some Chinese are clueless

http://www.malaysia-today.net/some-chinese-are-clueless/

In fact, Malaysian Chinese do not need to leave Malaysia in search of work — estimated at about one million overseas Malaysians. They can join the army or police or become prison guards. Of course, just like the Malays, these Chinese would earn a mere few hundred Ringgit a month and you can earn more than that just selling pirated DVDs.

The problem is Malays do not mind earning RM700 or RM800 a month to do ‘dirty’ work while this type of career is too beneath the Chinese. But for RM3,000 a month or more Chinese would probably be quite prepared to do such work but then they will have to migrate to Singapore to earn that type of salary.

There are times, however, when even Malays will not want to do the dirty work at very low pay. So the Chinese businessmen need to employ immigrant labour. But even immigrant labour can be expensive if done the legal way so they prefer to employ the illegal immigrants, which is far cheaper since they are illegal. We even have that problem in Manchester’s Chinatown, not only in Sungai Buloh. Did you know that even Hong Leong’s housing project employs illegal Indonesian labourers (or at least Hong Leong’s contractors do)?

Why does Hong Leong not insist that all their contractors employ only Malaysians, not immigrants, legal or otherwise? There are many Malaysian Chinese working overseas. Can’t they go back to Malaysia and work with Hong Leong building houses for a few Ringgit a day?

We should look at this issue not from the lenses of race. Just because Indian Muslims own and run Mamak shops and Malays do not own and run Mamak shops does not make Malays lazy. And just because Malays are prepared to work for the government at a few hundred Ringgit a month when the Chinese will not do that does not mean the Malays are ‘hiding’. After all, the Malays are doing the jobs that are not good enough for the Chinese anyway. And if the Malays will not do that work then you would need to employ foreign labour.

And is this not another issue, too much foreign labour in Malaysia? So be grateful that there are at least some Malays who are prepared to work for less than RM1,000 a month. And don’t call them lazy because they work for pittance. Would the ‘hardworking’ Chinese do these jobs if the Malays will not?

PART 1

Some Chinese are clueless

http://www.malaysia-today.net/some-chinese-are-clueless/

Raja Petra Kamarudin

Respectfully Malays can be considered lazy as there is no country in this world where the sons of the land can’t even open, operate and own their own restaurant in their own country. They eat in Mamak India restaurants, hid themselves either in kampong or working in no risk Government service or GLC. — Be Way

That was a comment posted by a reader who goes by the name of ‘Be Way’. There are no details as to the identity of this person. There is no real name or photograph on this person’s Facebook but it appears like this person is a Malaysian who is either studying or working in Taiwan.

Normally I would not bother to approve anonymous comments posted by people who just want to throw ‘racial’ stones and hide their hands. You can scream freedom of speech and all that but you need to be accountable for what you say. Hence if you are too cowardly to reveal your identity then you do not deserve freedom of speech.

What is the purpose of comments such as the above anyway? Is this meant to start an intellectual debate as to why the Malays are by nature lazy? If so then I would be very happy to engage you in a discourse. But you need to be brave enough to reveal yourself and not throw stones while hiding your hands.

‘Be Way’ said Malays hid(e) themselves either in kampung(s) or (by) working in no risk government service or GLC(s). What does this mean? How do you hide yourself by remaining in kampungs or by working for the government or government-linked companies?

‘Be Way’ also said Malays are lazy because they eat in Indian Muslim (Mamak) shops instead of opening their own restaurants. If you were to tour Kuala Lumpur you will see many Chinese eating in Mamak shops as well. How many Mamak shops are owned and operated by Chinese? Does this mean Chinese are also lazy because there are no Chinese-owned Mamak shops in Kuala Lumpur?

And if a Chinese does open a Mamak shop will it be called a Mamak shop or will it be called a Chinese shop? It is called a Mamak shop because the shop is owned and run by Mamaks. If it is owned and run by Chinese you would not call it a Mamak shop. You would call it a Chinese shop even if that shop does have roti canai on its menu.

In fact, some Chinese shops do have roti canai, nasi lemak, rendang, and so on, on its menu. But you do not call these shops Mamak shops. You call them kopitiams. And kopitiams offer Indian (Mamak), Baba/Nonya (Straits Chinese), and Malay cuisine as well.

‘Be Way’, who I suspect is in Taiwan, may not have travelled to Terengganu or Kelantan. If he (or she) had, then he/she would have seen many (and I do mean many) Hainanese Chicken Rice shops owned and run by Malays. They sell only chicken rice and nothing else. And some of these chicken rice shops are so popular that the customers are non-stop from breakfast to midnight, every day of the week, Fridays included.

Why are there no Chinese owned and run Hainanese Chicken Rice shops in Terengganu and Kelantan? There are many Chinese living in Terengganu and Kelantan. But they own and run furniture shops, supermarkets, pharmacies, car dealerships, motorcycle dealerships, finance companies (many which are actually loan sharks or money lenders), hotels, and so on. But none own and run Hainanese Chicken Rice shops. The Malays control that market.

Some Chinese salesmen who need to travel to Terengganu and Kelantan at least once or twice a month complain that during the fasting month of Ramadhan they find it very difficult because most eating shops would be closed during the day and only open around tea-time. Hence they cannot find a place to eat.

Why is this so? Well, it is because most of the shops are owned and run by Malays so they close during the day during Ramadhan and only open in the evenings. Does this not mean the Malays practically monopolise the restaurant business in Terengganu and Kelantan?

So people like ‘Be Way’ need to be more sensible in their comments. Just because Malays do not own and run Mamak shops in Kuala Lumpur does not mean Malays are lazy. Go to Terengganu and Kelantan and see how industrious and resourceful the Malays there are.

Many Malays who migrated to the cities such as Kuala Lumpur did so in search of work, not to open restaurants (although some Malays do in some parts of Kuala Lumpur). Many Chinese migrate to other countries for the same reason as well, such as those Chinese who go to Singapore or come to the UK. You cannot expect 18 million Malays to all open and run eating shops.

In that same spirit, why do Malaysian Chinese migrate to Taiwan, Hong Kong, Singapore and many European countries to look for work? Why are these Chinese too lazy to stay in Malaysia and open a restaurant?

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watch this next few week. :-) . Its together with ASIABIO...SANICH....FOCUS

Hahaah kan i told you so yesterday ASIABIO......SANICHI.....FOCUS... :-)

U.S. crude jumped 6 percent on Thursday, recovering from part of the previous session's slide after China took steps to pour liquidity into the world's second-biggest economy, although traders and analysts said oil's outlook looked weak.

Crude snapped a four-day winning streak on Wednesday, when the U.S. government said crude inventories increased by 6.3 million barrels, rising for a fourth consecutive week to hit a record high.

The market gained support on Thursday from optimism that steps by China's central bank to pour in fresh liquidity would spur demand for energy in the second-largest oil consumer after the United States.

this is crazy. oil shoot almost 7% now for WTI and BRENT. BRENT Heading for 60 USD. All analyst now stunt and shock with this shoot of price. Those selling SUMA yesterday will be so mad now. Its Crazy rally for oil.

and if see ahhh...i jump from ASIABIO to comment on SANICHI Now.Hheheheheh.