KUALA LUMPUR: RAM Ratings Services Bhd has withdrawn the BBB1/Negative/P2 ratings of Hubline Bhd's RM150 million Murabahah Commercial Papers/Medium-Term Notes Programme (2005/2012) (MCP/MMTN).
It said this was following confirmation that Hubline had fully redeemed its outstanding RM45 million MCP/MMTN on October 25, and the subsequent cancellation of the facility on the same date.
"RAM Ratings has withdrawn the BBB1/Negative/P2 ratings of the MCP/MMTN and no longer has any rating obligation in respect of the said facility," it said in a statement today.
"We will, however, maintain surveillance on the outstanding RM30 million Bai’ Bithaman Ajil Islamic Bonds under Hubline’s RM70 million Bai’ Bithaman Ajil Islamic Bonds (2005/2012) facility, currently rated BBB1 with a negative outlook," it added. -- BERNAMA
When commodities index drops, it does help for Trades Market to import and export the materials, and therefore Shipping Company may see the the sunshine~ in Q3 2012
what it is all about..? any possibalities this share will be traded above 0.20? why the key person not buying from open market, which is much more cheaper..? aiyoo!
From 2008 to now, it is the down cycle for shipping company. For Hubline to have meaningful rebound, it need container and drybulk shipping rate to move up. Analyst believe overcapacity in shipping industries will continue persist in 2013. Hopelly, will see improvement in 2014 onward.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tktk
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Posted by tktk > 2012-10-31 09:28 | Report Abuse
up up up