Press Releases - Category: Plantations
Displaying 1-10 of 10 results.
Tuesday, Oct 05, 2021
MARC has affirmed its rating of A+IS and MARC-1IS on TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme and RM50 million Commercial Papers (ICP) Programme. Concurrently, the rating agency has affirmed its rating of A+IS  on TSH Sukuk Ijarah Sdn Bhd’s RM300 million IMTN programme. The long-term ratings outlook has been revised to positive.  Both TSH Su...

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Wednesday, Jul 22, 2020
MARC has affirmed TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium Term Notes (IMTN) programme rating at A+IS and concurrently upgraded its RM50 million Sukuk Murabahah Commercial Papers (ICP) programme rating to MARC-1IS from MARC-2IS. The rating agency has also affirmed TSH Sukuk Ijarah Sdn Bhd’s RM300 million IMTN programme rating at A+IS. The ratings outlook is stable. TSH Sukuk Mur...

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Thursday, Mar 05, 2009
MARC has withdrawn the MARC-1ID/ AA-ID ratings assigned to TSH Resources Berhad’s RM100 Million Murabahah Commercial Papers/ Medium Term Notes Programme (Facility) with immediate effect following confirmation from the facility agent, Maybank Investment Bank Berhad, of an early cancellation of the Facility on February 12, 2009, ahead of its original maturity date on May 29, 2009. Contact...

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Tuesday, Oct 07, 2008
MARC has affirmed its ratings of MARC-1ID / AA-ID on the RM100 million Murabahah Commercial Papers / Medium Term Notes programme of TSH Resources Berhad (TSH). The outlook on the ratings is stable. The affirmed debt ratings reflect TSH’s business position as an integrated oil palm plantation player which has benefited from the palm oil industry upcycle, its relatively low debt leverage and r...

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Tuesday, Jan 15, 2008
MARC has upgraded TSH Resources Berhad’s (TSH or the Group) RM60 million Murabahah Medium Term Notes (MMTN) rating to AA- ID from A+ID, and reaffirmed its RM40 million Al-Murabahah Commercial Papers (MCP) rating at Marc-1ID. The ratings carry a stable outlook.  The long-term rating upgrade reflects a strengthening of TSH’s financial profile due to the continuation of favourable pa...

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Thursday, Nov 16, 2006
MARC has reaffirmed the ratings of TSH Resources Bhd’s (TSH) RM100 million in nominal value Al-Murabahah Commercial Papers/Medium-Term Notes (CPs/MTNs) at MARC-1 ID / A+ ID with a stable outlook. The reaffirmation mainly reflects the continuous improvement in TSH’s financial performance on the back of robust operating records with regard to its diversified business portfolios covering ...

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Thursday, Jan 05, 2006
MARC has reaffirmed the ratings of TSH Resources Bhd’s (TSH) RM100 million in nominal value Al-Murabahah Commercial Papers/Medium-Term Notes (CPs/MTNs) at MARC-1ID/A+ID. The reaffirmation reflects the sturdy performances of TSH’s diversified business portfolio of palm oil milling and plantations, manufacturing of engineered solid hardwood flooring products, biomass power generation as well as ...

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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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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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Monday, May 13, 2002
The short and long term Islamic debt rating of A+ID and MARC-2ID assigned to TSH Resources Bhd’s Murabahah Commercial Paper/Medium-Term Notes Issuance respectively reflect the business diversity of the TSH group namely oil palm plantation, palm oil milling, engineered hardwood floor manufacturing and bio-mass energy production; the limited competition within the palm oil milling industry; sustai...

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