Press Releases - Category: Plantations
Displaying 121-130 of 138 results.
Wednesday, Sep 08, 2004
The rating reflects IJM Plantations Berhad’s (IJMP) business focus in palm oil plantation and milling and its strong plantation performance. The rating is, however, moderated by the Group’s vulnerability to cyclical developments in the palm oil industry.IJMP’s palm oil cultivation is undertaken in the Sandakan and Labuk-Sugut districts of Sabah. Out of a total land bank of 29,560 hectares, 7...

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Wednesday, Sep 01, 2004
MARC has reaffirmed the rating of TSH Resources Bhd’s (TSH) Al-Murabahah Commercial Papers/Medium-Term Notes at MARC-1ID/A+ID. The reaffirmation of the rating reflects the steady improvement of TSH’s financial profile and strong operating record. The Group’s diversified business portfolio of palm oil milling and the manufacturing of engineered flooring products recorded sturdy performance al...

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Wednesday, Feb 25, 2004
MARC has upgraded Kuala Sidim Berhad’s (KSB) RM50 Million Guaranteed Commercial Papers / Medium-Term Notes (Tranche 1) to MARC-1(bg) / A(bg) (A flat) and RM50 Million Commercial Papers / Medium-Term Notes (Tranche 2) to MARC-2 / A- (A minus). KSB’s rating upgrades for Tranche 1 reflect the unconditional and irrevocable guarantee provided by Southern Bank Berhad (SBB) while that of Tranche 2 re...

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Wednesday, Dec 17, 2003
Kwantas Corporation Berhad’s (KCB) rating has been reaffirmed at A+ID reflecting the integrated nature of the Group’s palm oil operations; its expanding activities namely, the commercialization of renewable bio-mass energy and establishment of operations in China; and the Group’s relatively strong financial profile.KCB Group’s credit strength is drawn from the integrated nature of its oper...

This article has been viewed 1116 times.
Wednesday, Dec 10, 2003
The rating reflects IJM Plantations Berhad’s (IJMP) business focus in palm oil plantation and milling and its strong plantation performance. The rating is, however, moderated by the Group’s vulnerability to cyclical developments in the palm oil industry.IJMP’s palm oil cultivation is undertaken in the Sandakan and Labuk-Sugut districts of Sabah. Out of a total land bank of 29,497 hectares, o...

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Friday, Oct 17, 2003
MARC reaffirms the rating of A+ (single A plus) on TSH Resources Bhd’s (TSH) Al-Murabahah Medium-Term Notes (MuMTN) while at the same time, upgrades the short term rating from MARC-2 to MARC-1. The reaffirmation of the group’s long term rating reflects TSH’s diversified business portfolio of palm oil milling and the manufacturing of engineered flooring products; strong operating records coup...

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Thursday, Oct 09, 2003
MARC has reaffirmed the rating of Tian Siang Holdings Sdn Bhd’s (Tian Siang) RM93 million Nominal Value Coupon Bearing Serial Bonds (2001/2009) at A (Single A). The rating reaffirmation is based upon the group’s strong financial performance in FY2002 stemming largely from the recovery in crude palm oil prices. However, the rating is moderated by the group’s exposure to the inherent volatilit...

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Thursday, Oct 02, 2003
TH Group Berhad’s (THG) corporate debt rating has been reaffirmed at AID reflecting its strong operating record and improved cash generation capacity, as a result of higher CPO prices. These factors are, however, tempered by intense competition within the Group’s operating environment particularly the domestic construction sector; vulnerability to cyclical developments in the palm oil and timb...

This article has been viewed 950 times.
Monday, Apr 28, 2003
MARC International, Labuan-based wholly owned subsidiary of Malaysian Rating Corporation Berhad, has affirmed the long-term foreign currency Islamic capital market instrument rating of BBB+is (Islamic Sukuk) to First Global Sukuk Inc.’s Serial Islamic Lease Sukuk Issuance of up to USD368 million (previously up to USD395 million). The affirmation reflects the satisfactory performance of Kumpulan...

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Tuesday, Feb 11, 2003
The rating of TH Group Bhd’s (THG) RM150 million BaIDS facility has been affirmed at AID (Single A, Islamic Debt). The rating affirmation reflects its diversified business portfolio, strong operating record coupled with improvement in palm oil prices and the fairly stringent requirements under the issue structure. These factors are however moderated by the cyclical development affecting planta...

This article has been viewed 1068 times.