PRA's report this week and PRG on Monday. PHB to follow suit.

there are two usd bonds expiring in 2026 and 2027, J. the 2027 has been sorted out with the recent announcement of new perpetual bond; well 600mil plus left to be redeemed by Jan'27. the other bond expiring in Nov'26 is the 300mil Empire Resorts bond. Original announcement mentioned the proceed of the sale of non-gaming assets to Sullivan County LDC will be used to redeem the usd300mil bond but it seems to receive objections from within sullivan county itself. Sullivan County IDA is like gomen's dept - helping to lower the taxes for LDC. Its a bit complicated, lol. Same like Genting's structure, layers of companies.

Most of the building materials companies were making money last year and esceram was the laggard; low margins <1.5%. Last QR bumped up to 4.5% for the very first time. Need to observe whether the changes taken are structural or just one-off. If it is structural, continue reporting good profit in Jul. If not, back to square one, profit less than 1mil.

You are welcome, J. You can refer to the link for the minutes of IDA meeting. Go to page 11 and you will see a letter from Empire Resorts to Sullivan County which mentioned about the usd300mil bond refinancing by Wells Fargo. The progress should be announced once the refinancing is done perhaps? https://www.sullivanida.com/wp-content/uploads/2026/04/IDA-Agenda-Packet-4-13-26.pdf

JAKARTA – Two oil and gas companies linked to Hapsoro, PT Rukun Raharja Tbk (RAJA) and PT Raharja Energi Cepu Tbk (RATU), are positioning themselves to gain exposure to the Kasuri Block in Papua.
IDNFinancials previously reported that RATU had acquired a 5% participating interest in the Kasuri Working Area from Genting Oil Kasuri Pte. Ltd (GOKPL) for USD 9.65 million.
Meanwhile, its parent company, RAJA, has also acquired a 5% stake in PT Layar Nusantara Gas (PT LNG) worth USD 38.58 million from Genting LNG Pte. Ltd., an entity under Malaysia’s Genting Group, on Friday (8/5) last week.
“The transaction is intended to support the company’s future business development activities,” RAJA’s management said in an official filing to the Indonesia Stock Exchange (IDX) on Monday (11/5).

USD48mil deal. As usual, you will find it difficult to get the details locally and from the mgmt - https://www.klsescreener.com/v2/news/view/1718337/genting-sells-participating-interest-in-kasuri-lng-project-to-indonesian-partner-rukun-raharja

strange news from the Edge on Arms AFA and CSS. Extracted the following statements from the article and sounded like GreatAsic is a larger/bigger enterprise. Used the same patents website that I checked for Oppstar and Skyechip and 0 for GreatAsic. Chip design with 0 patents but deemed as larger enterprise; fantastic - (1) GreatAsic was given access to both AFA and CSS from Arm Holdings. AFA gives companies early, low-cost access to its chip designs so they can experiment, develop, and test products without paying full licensing fees upfront, while CSS are ready-made chip building blocks that let companies design processors faster without starting from scratch. SkyeChip and Oppstar only received access to AFA. (2) The initiative offers two access tiers: AFA, tailored for start-ups and smaller companies, and Arm CSS, intended for larger, more established enterprises.

Summer is coming too. US maybe shielded earlier but the gasoline and diesel inventories are at multi year low in US. Their own people will start feeling the pain from the war. lets see how long can he gung-ho.

yes, TACO week, World's Premier in Beijing. The key to US-Iran war. Venezuela and then Iran - TACO's leverage against Xi. TACO cannot simply raised tariffs after his liberation day tariff was rejected by the supreme court. He needs leverage and uses oil instead. Lol, no pun intended. Lets see what is the outcome from this week's meeting. Trump needs a soft landing heading into mid term elections in Nov, Xi to meet him year end in US at the back of poor approval ratings.

Choose the one with hedging if you are looking for bargains. Have a look at Jet2 - hedged ~85% of its jet fuel summer requirement at ~700 per metric tonne.