MARC has withdrawn its MARC-2/A ratings on TH Group Berhad’s RM200 Million Commercial Papers / Medium-Term Notes (CP/MTN) Programme with immediate effect, following the full redemption and cancellation of the CP/MTN programme, as confirmed by its facility agent, Citibank Berhad. Contacts: Hafizan Haron, 03-2090 2238/ hafizan@marc.com.my; Eric Chua, 03-2090 2245/ cheekiong@marc.com.my...

MARC has been informed that the noteholders of TH Group Berhad’s (THG) RM200 million Commercial Papers/Medium-Term Notes issuance programme (CP/MTN), had on November 25, 2008, consented to THG’s proposed early redemption of its outstanding RM170 million CP/MTN before year-end. On September 29, 2008, Tung Hup Holdings Sdn Bhd (THH) and parties acting in concert, who collectively hold a ...

MARC has reaffirmed its MARC-2 / A ratings of TH Group Berhad’s (THG) RM200 Million Commercial Papers/ Medium-Term Notes (CP/MTN). The ratings carry a developing outlook. THG is mainly involved in the cultivation and management of palm oil estates, contracting services (construction and coal mining), technology, healthcare sector and venture capital. The ratings reflect THG’s plantatio...

On 8 February 2007, MARC received confirmation from AmInvestment Bank Berhad that TH Group Berhad has fully redeemed its RM150 million BAIDS on 31 January 2007. As such, MARC no longer has any rating obligation on the BAIDS and the AID rating is hereby withdrawn....

MARC has reaffirmed the rating of TH Group Berhad’s (THG) RM150 million Al-Bai Bithaman Ajil Islamic Debt Securities (BAIDS) at AID. The outstanding balance of the BAIDS is RM75 million which will mature in January 2007. The affirmation reflects the steady operating performances of THG’s plantation and construction divisions as well as its fairly robust balance sheet. Moderating factor...

MARC has affirmed the ratings of TH Group Berhad’s (THG) RM200 million Commercial Papers /Medium-Term Notes (CP/MTN) Programme ratings at MARC-2 / A. The affirmation reflects the steady operating performances of THG’s plantation and construction divisions as well as its fairly robust balance sheet. Moderating factors to THG’s rating include seasonal factors and/or cyclical develo...

The ratings of TH Group Berhad’s (THG) proposed RM200 million Commercial Papers/Medium-Term Notes Programme at MARC-2/A (MARC-2/single A flat) reflect THG’s improving financials on the back of steady growth in revenue and profit stemming from the good performance of its plantation and construction divisions. Some of the moderating factors include volatility in CPO prices, seasonal factors affe...

The rating of TH Group Berhad’s (THG) RM150 million BaIDS is reaffirmed at AID reflecting THG’s continued strong results on the back of steady growth in revenue and profit stemming from the good performance of its plantation and construction divisions. Some of the moderating factors include volatility in CPO prices, seasonal factors affecting crop production, cyclical developments in the domes...

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...

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...