i am waiting inside already before they push the price up.

this already too high for me. i will be buying Nextgram.

Post removed.Why?

Post removed.Why?

liew hang i saw you so many time here and asking people not to buy or just curse this counter. Why are you here if this counter don't have any future. Just get lost. focus on those counter u believe have a future for you.

RobbinBuffet is correct they still in shipping business it just that they cut unprofitable business. Ring a bell MISC ? The also having the same problem and the company taking bold decision by cutting unprofitable business and maintain the profitable one.

GONG XI FA CAI to all our Chinese Friend & Safe journey going back to Kampung :-).

GONG XI FA CAI to all our Chinese Friend & Safe journey going back to Kampung :-).

hahhahahahahha ko ni kelakar la. org baru start naik ko dah jual. patut tunggu.

This one next

Hubline said the board has a duty to protect the shareholder’s investment in the group, and concluded this was the right time to sever the container shipping arm of the group, and instead focus the group’s time and resources to what will maximise shareholder return.

Source : http://www.thestar.com.my/Business/Business-News/2015/02/18/Hubline-to-exit-loss-making-container-shipping-business/?style=biz

Hubline to exit loss making container shipping business

KUALA LUMPUR: Hubline Bhd is exiting the container shipping business industry following losses incurred by the division over the last few years while it also does not see an immediate turnaround.


The company said on Wednesday a continued participation in the sector would eventually “harm” its profitable operations of the break bulk division.


Hubline said it had to reassess the group’s financial and operational strategies due to the losses incurred by the division over the last few years.


It said the board had done a detailed deliberation and review of all relevant factors, and have decided to exit from the container shipping business industry and therefore will be discontinuing the group’s container shipping operations.


Explaining the rationale for stopping these operations, it said the container liner industry had long been suffering since the economic crisis and overcapacity in the market is still evident.


“The global liner industry is struggling with the depressed freight rates to meet operating costs. The global trade patterns are fast changing which is challenging to our operating model.


“Consequently, competition for cargo is still very fierce and operators are struggling to stay profitable with the depressed freight rate environment,” it said.


Hubline said the board has a duty to protect the shareholder’s investment in the group, and concluded this was the right time to sever the container shipping arm of the group, and instead focus the group’s time and resources to what will maximise shareholder return.


“The group’s break bulk division has the potential to develop and grow without being challenged by the pressures of subsidising the container shipping division,” it said.


It added the exit process would involve withdrawal from various trade routes, termination of related service and operational contracts, as well as the disposal of container shipping related assets.


Hubline anticipates the liner business will cease its operations by the current financial year ending Sept 30, 2015. The move would also impact various subsidiaries and agencies related to the liner business.


“The exit will have a material effect on the financial results of the group for the financial year ending Sept 30, 2015, as impairments and losses will be crystallised to terminate the drain to the group’s resources.


“The container shipping division, in the last four years, has contributed an average of 79% to the group’s overall revenue, and an average of -134% of profit before tax, hence an overall negative impact to the group’s overall net result,” it said.


Hubline said the group’s main activity would remain as shipping, however, the focus will shift towards break bulk shipping.


Break bulk shipping is a viable and sustainable division with good prospects of further growth.


Subject to market conditions during the exit process and the company’s successful execution of its exit plans, the estimated one-off costs to the income statement are expected to be approximately RM350mil for FY ending Sept 30, 2015.


“However, over the long term, as the group concentrates on its profitable break bulk division, the board anticipates a positive impact to the group’s earnings,” it said.

miss the boat already. But pretty dengerous to go in now as it already go very high and achieve target 0.15. Hey StrongMan where you heard the take over news ? is it true ? what source ?

this company have very good future la..recieve lot of project.potential RTO and heard about another infrasturcure project by Penang Govt...So all the good news coming in.

if RTO confirm then the price should be very HIGH.

hahahah april what year ?hahahah

have to wait for 100 year.

buy as much as you can and wait.

wait after chinese new year.

normally when there is rto or even mgo...the price will shoot.

who taking over ?

wow so amazing to see other oil & gas counter moving very high day by day.

I 100% agree with you AyamTua. Among all leaders. I respect Tok Guru Nik Aziz the most. The country lost such a good charismatic leader.

Al-Fatihah. Semoga Allahyarham dicucuri rahmat dan ditempatkan bersama golongan orang-orang yang beriman.

Post removed.Why?

KUALA LUMPUR: Malaysia’s economy expanded 5.8% in the fourth quarter of 2014 supported largely by strong domestic demand while for the year, the country’s GDP grew 6%.

For the full year, the country registered GDP growth of 6%, higher than expectations on the back of growth in the private sector.

Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said on Thursday she expects the Malaysian economy to remain on a steady growth path despite the uncertainty in the global economic environment.

She said at a briefing this was due to the country's diversified economic structure supported by strong fundamentals such as low inflation, favourable employment conditions, low external debt and ample international reserves.

Data showed the GDP growth in Q4, 2014 was higher at 5.8% from 5.1% a year ago.

Underpinning the growth was services, which expanded 6.4%, construction 8.7% while manufacturing expanded 5.2%. Mining jumped 9.6% but agriculture declined 2.8%.

For 2014, services expanded 6.3%, construction 11.6%, manufacturing 6.2% and mining 3.1% while agriculture increased 2.6% from 2013.

“The Malaysian economy is expected to remain on a steady growth path. The gradual recovery in global growth will lend support to manufactured export performance, although overall export growth would likely remain modest amid lower commodity prices,” the central bank said.

BNM said domestic demand is expected to remain favourable amidst the lower oil prices. Investment activity is projected to remain resilient, with broad-based capital spending by both the private and public sectors cushioning the lower oil and gas-related investment activity.

“While private consumption is expected to moderate, the steady rise in income and employment, and the additional disposable income from the lower oil prices would support household spending,” it said.

Elaborating on the GDP growth, BNM said the Malaysian economy registered a higher growth of 5.8% in the fourth quarter of 2014 (3Q 2014: 5.6%), driven mainly by stronger private sector spending.

On the supply side, growth was sustained by the major economic sectors, supported by trade and domestic activities.

On a quarter-on-quarter seasonally-adjusted basis, growth momentum increased to 2.0% (3Q 2014: 0.9%). For the year 2014, the Malaysian economy grew by 6.0%.

Domestic demand remained the anchor of growth in the fourth quarter, mainly on account of the improvement in private sector activity.

Private investment expanded at a faster pace of 11.2% (3Q 2014: 6.8%), driven by capital spending in the manufacturing and services sectors.

Private consumption registered a stronger growth of 7.8% (3Q 2014: 6.7%), supported by stable labour market conditions and continued wage growth. Public consumption expanded at a more moderate pace of 2.7% in the fourth quarter (3Q 2014: 5.3%), due to slower growth in both emoluments and supplies and services.

Public investment, however, continued to decline, albeit at a slower pace of 2.1% (3Q 2014: -8.9%), following a smaller contraction in spending on fixed assets by the Federal Government.

On the supply side, growth in the fourth quarter was supported by major economic sectors.

Growth in the services sector was underpinned by expansion across all sub-sectors.

The construction sector remained strong, driven mainly by non-residential and residental sub-sectors, while the mining sector registered a stronger growth due to higher crude oil production.

The manufacturing sector continued to expand, supported mainly by the export-oriented industries. However, the agriculture sector recorded a contraction due to lower palm oil production caused by the floods in the eastern states of Peninsular Malaysia.

i will add more tomorrow for mother. :-)

a lot of company now shifting to shipping industries such as asiabio because of its potential during this time. Let see how Hubline Performance for next Quarter.

IEA & OPEC using every possible way to influence the oil price movement by flooding the Market with bad news on oil and all the bad analysis and prediction on oil to go down further. This clearly shows that this two are in it for kill and they are heading to kill shale producer and refiner in America.

aiyo i become scared now. whatever it is, i will keep it as long term investment la.

why cabut when its already start engine going up ?

DEFINITION of 'Reverse Takeover - RTO'

A type of merger used by private companies to become publicly traded without resorting to an initial public offering. Initially, the private company buys enough shares to control a publicly traded company. The private company's shareholder then uses their shares in the private company to exchange for shares in the public company. At this point, the private company has effectively become a publicly traded one.

Maybe Potential RTO

heheh i jump in already. Thank you Jet li.

KLB...DAVOS....HONG Reality Ceasing to substantial shareholder. What happen ?

they disposed warrent

not worth to buy la.

waaa wintoni also going up now. Aiyo dont have money la.hanya boleh tengok. :-)

If this 3 move...suma will follow. :-)

hahahah look like lain kali lah .....they busy playing number 1.2..3..4..5..6..7..8..9..10...

all other oil & gas counter are bullish. Except for Sumatec. Maybe can try KNM...BARAKAH,PERISAI,THHEVY,ALAM.... Sumatec not interesting anymore. :-).

what happen to sumatec? all oil & gas counter moving up so much already. But suma still stuck there.

yeah Ant is correct. I will eventually go up. But Kena Sabar la. :-)

50 RICHEST MALAYSIAN

http://www.forbes.com/malaysia-billionaires/list/

ONLY 8 of them are Malay. The rest you know Who laaaa.

next week and the week after watch ASIABIO...SANICHI....FOCUS.... And Possible VSOLAR :-) .

next week and the week after watch ASIABIO...SANICHI....FOCUS.... And Possible VSOLAR :-) .

next week and the week after watch ASIABIO...SANICHI....FOCUS.... And Possible VSOLAR :-) .

heheh i will jump in later Jetli. This one sure will go up.

List of Chinese Palm Oil Product :-

Seri Murni
Buruh
Vesawit
vesoya
vecorn
knife
naturel
daisy
fan
red eagle
naptune
krystal

ITU BARU MINYAK MASAK.BELUM LAGI YANG LAIN. KALAU LETAK YANG LAIN TAK CUKUP KOT SATU PAGE. Itu Baru satu product.Belum Yang lain.

oit Jetli...where got RTO ? Confirm ker? I dont want to jump in yet as they will not move now. They need to collect more at 0.065 like previously.