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$HUBLINE (7013.MY)$ *HUBLINE* (7013) MAIN Market – Transport...

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*HUBLINE* (7013)
MAIN Market – Transportation & Logistics
NOSH : 4.29B mio
Market cap : RM 1.17mil


• *Hubline Berhad* is a public limited co, incorporated & domiciled in Malaysia & listed on d Main Mkt of Bursa Malaysia Securities Berhad

- Their main segments are:
-Dry bulk shipping logistics services
-Flying academy aviation school & general aviation services

• D Group has been in d dry bulk shipping business since Year 2007 & provides barge logistics services of between 8,000 metric tonnes to 10,000 metric tonnes of dry bulk cargo per shipment mostly includes bulk-based commodities such as coal, gypsum, palm kernel shells, feldspar, scrap metal & sand

• At d time of writing, d Group has a fleet of twenty-three sets of tugs & barges that geographically operates within d South East Asian region, plying & trading routes of amongst others, Cambodia, Indonesia, Malaysia, Philippines, Thailand & Vietnam

• D Group is also involved in Flying Academy & General Aviation Services since 2018 after acquiring Layang Layang Aerospace Sdn Bhd, which was established in April 1994, & has grown to become one of d largest general aviation companies in Malaysia operating 6 units of helicopters & 9 units of fixed wing aircrafts covering predominantly Sabah & Sarawak & including but not limited to Kedah, Langkawi, Penang & Perak

- Layang Layang Aerospace Sdn Bhd owns 80% of Layang Layang Flying Academy Sdn Bhd

- D principle activities are fixed wing pilot & helicopter pilot flight training programs which aim to prepare cadets for both private pilot & commercial pilot licenses

- Layang Layang Flying Academy Sdn Bhd is an approved training organisation as certified by d Civil Aviation Authority of Malaysia (“CAAM”)

• Recent news mentioned that Hubline is actively negotiating wt Ekuinas to acquire *Orkim* which d deal can be worth up to RM 900 mio

- Orkim is currently one of d largest CPP tanker providers in Malaysia wt 18 tankers in their fleet  & serving multinational clients including Shell, Exxon Mobil, Chevron & also Petronas

• There are also ongoing rumours on involvement if Hubline wt Bintulu Port & Sarawak State government in making d ports in Sarawak as d hub for Borneo

• HUBLine Bhd is exploring a potential collaboration wt d Europe-based Port of Antwerp-Bruges International (POABI) in d development & operation of a proposed deep-sea port in Kuching, Sarawak

- D co has inked a one-year memorandum of understanding (MoU) wt POABI on July 26 for d purpose

• POABI is a subsidiary of Europe’s second largest port, Port of Antwerp Bruges

- D unit has stakes in Port of Duqm in Oman, Port of Acu in Brazil & San Pedro Manutention in Ivory Coast, its website showed

• Hubline is currently making gd progress in their financial performance & based on technical analysis, it is pending rebound for primary wave 3 which shld test 18-20 sen fibo targets


*In sha Allah*
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