KUALA LUMPUR (Jan 11): Securities of HUBLINE BHD [] rose in active trade on Wednesday despite a recent report about a negative outlook on its long-term ratings.
At 11.11am, Hubline was up one sen to 9.0 sen with 34.24 million shares done while Hubline-WA added 0.5 sen to 4.5 sen with 19.89 million units transacted.
The FBM KLCI was down 1.94 points to 1,520.05. Turnover was 804.95 million shares valued at RM597.22 million. There were 311 gainers, 251 losers and 291 stocks unchanged.
On Monday, RAM Ratings reaffirmed Hubline’s respective long- and short-term ratings of A2 and P1 for its RM150 million Murabahah commercial papers and medium-term notes programme (2005/2012).
“Concurrently, the A2 rating of its RM70 million Bai’ Bithaman Ajil Islamic Bonds (2005/2012) has also been reaffirmed. Meanwhile, the negative outlook on the long-term ratings has been maintained," it said.
Hubline is involved in the provision of container and dry-bulk shipping services as well as vessel chartering,” it said.
At 11.11am, Hubline was up one sen to 9.0 sen with 34.24 million shares done while Hubline-WA added 0.5 sen to 4.5 sen with 19.89 million units transacted.
The FBM KLCI was down 1.94 points to 1,520.05. Turnover was 804.95 million shares valued at RM597.22 million. There were 311 gainers, 251 losers and 291 stocks unchanged.
On Monday, RAM Ratings reaffirmed Hubline’s respective long- and short-term ratings of A2 and P1 for its RM150 million Murabahah commercial papers and medium-term notes programme (2005/2012).
“Concurrently, the A2 rating of its RM70 million Bai’ Bithaman Ajil Islamic Bonds (2005/2012) has also been reaffirmed. Meanwhile, the negative outlook on the long-term ratings has been maintained," it said.
Hubline is involved in the provision of container and dry-bulk shipping services as well as vessel chartering,” it said.
