Malaysia’s economy grew faster than expected in the second quarter, driven by the services sector, even as the country contends with US President Donald Trump’s rollout of global tariffs. https://t.co/C1ZGICPlYB ...

Core Viewpoint - Platinum Group Metals Ltd. is focused on advancing the Waterberg Project in South Africa, which is projected to be one of the largest and lowest-cost underground platinum group metals mines globally [1][23]. Financial Results - For the nine months ended May 31, 2025, the company reported a net loss of $3.40 million, an improvement from a net loss of $4.02 million in the same period in 2024 [14]. - General and administrative expenses increased to $2.78 million from $2.57 million year-over-year, while stock-based compensation decreased to $0.79 million from $1.61 million [14]. - Basic and diluted loss per share was $0.03, compared to $0.04 for the same period in 2024 [15]. Project Development - The Waterberg Project is owned by Waterberg JV Resources, with Platinum Group holding a 37.32% interest [5]. - The company aims to finalize construction financing and concentrate offtake agreements to advance the Waterberg Project to a development and construction decision [2][23]. - An interim budget of Rand 42 million (approximately $2.27 million) was approved to continue work programs for the Waterberg Project [7]. Recent Events - A non-brokered private placement raised $1.0 million by issuing 800,000 common shares at $1.26 each, allowing a major shareholder to regain a 26% interest in the company [6]. - The company entered into an Equity Distribution Agreement to distribute up to $50 million of common shares through an at-the-market equity program [8][10]. Smelting and Refining Initiatives - A memorandum of understanding was signed with Ajlan & Bros for establishing a platinum group metals smelter and base metal refinery in Saudi Arabia [11]. - The company is conducting a trade-off study to assess the feasibility of exporting PGM concentrate from South Africa to Saudi Arabia [20][22]. Market Outlook - The company is exploring new applications for PGMs in battery technologies through its initiative with Lion Battery Technologies [2][29]. - Despite recent global tariffs raising market uncertainties, platinum and palladium prices have been increasing due to strong demand and supply concerns [30][32]. Environmental, Social, and Governance (ESG) - The company received a BBB score in its fourth annual ESG disclosure report, indicating a commitment to improving ESG performance [33][34].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容编译自chosun 。 受中东人工智能投资和全球关税担忧的推动，DRAM 价格飙升，HBM 需求旺盛，预计将提振三 星电子和 SK 海力士的盈利。主要客户正争相在美国可能加征关税之前囤积 DRAM，而美国芯片 制造商英伟达与沙特阿拉伯达成的大规模人工智能芯片交易，也为韩国领先的内存芯片制造商带来 了新的发展动力。 据业内人士5月19日透露，三星电子本月初将传统DDR4和新型DDR5 DRAM的价格均上调了两位 数百分比。SK海力士也将消费级DRAM价格上调了约12%。在美国芯片制造商美光公司上个月通 知客户计划涨价后，整体涨势获得了动力。 DRAM 的平均销售价格 (ASP) 在经历了五个月的低迷之后，于 4 月份开始攀升。据市场研究公司 DRAMeXchange 的数据，标准 PC DRAM (DDR4 8Gb 1Gx8) 的固定合同价格环比上涨 22.2%， 达到 1.65 美元。 分析师将近期价格飙升归因于主要客户在美国关税即将生效前囤货。美国企业正在谨慎采购以避免 关税影响，而中国的"以旧换新"补贴计划正在提振国内个人电脑和智能手机制造商的需求。长期 ...

Financial Data and Key Metrics Changes - Cash basis NOI grew by nearly 2% year over year, while normalized FFO increased 43% year over year and 52% sequentially [7][16] - As of March 31, 2025, NOI was $87,500,000, cash basis NOI was $83,800,000, and adjusted EBITDAre was $85,300,000, all showing increases year over year and sequentially [17] - Interest expense decreased to $69,800,000, reflecting a reduction in interest rate cap costs [17] Business Line Data and Key Metrics Changes - The company executed over 2,300,000 square feet of total leasing activity with an occupancy rate of 94.6%, reflecting a sequential increase of 20 basis points [7] - The top 10 tenants account for 47% of annualized rental revenues, with over 76% coming from investment-grade rated tenants or secure Hawaii land leases [8] - In Hawaii, 492,000 square feet of renewals were signed at rental rates 18.2% higher than prior rents [9] Market Data and Key Metrics Changes - The Mainland properties accounted for nearly 80% of renewal activity, with significant leases signed with major companies [12] - The company is tracking 32 deals in its pipeline for over 7,400,000 square feet, anticipating a near-term conversion of 500,000 square feet [14] Company Strategy and Development Direction - The company aims to maximize mark-to-market growth opportunities, maintain strong tenant retention, and lease vacancies, particularly in Hawaii and Indianapolis [10] - There is a focus on evaluating opportunities to improve the balance sheet and reduce leverage, potentially through refinancing existing debt and strategic property dispositions [10][30] Management's Comments on Operating Environment and Future Outlook - Management is monitoring the evolving landscape surrounding global tariffs, believing the portfolio is well-positioned to withstand short-term volatility [10] - The company anticipates that tariffs may positively impact tenant demand, leading to higher tenant retention in the short term [38][39] - Management expressed confidence in the long-term value of the Hawaii land despite current leasing challenges [31] Other Important Information - The company reported a one-time benefit of $0.01 per share related to a required remediation payment for a scheduled lease termination in the second quarter [20] - The company has no debt maturities until 2027, with all debt currently carried at fixed rates [17] Q&A Session Summary Question: Details on bad debt recovery impact - The financial impact from bad debt recovery was around $750,000 in revenues [22] Question: Insights on leasing timelines - Leasing timelines are elongated, with tenants starting renewal processes earlier due to more people involved in decision-making [24][25] Question: Status of notable vacancies in Indianapolis and Hawaii - Activity has been seen in Hawaii with proposals out, while negotiations in Indianapolis did not materialize, and the property is actively being marketed [26][28] Question: Motivation for leverage reduction and property sales - The company is seeing unsolicited offers from owner-users, which are usually at higher valuations, prompting consideration for property sales [30] Question: Impact of tariffs on tenant decisions - Tariffs are anticipated to be beneficial for tenant demand, with some tenants opting to stay in place rather than relocate due to concerns over construction costs [38][39] Question: Exposure of Hawaii portfolio to inbound travel - The portfolio's exposure to inbound travel is minimal, as tenants generally serve the local economy rather than relying on tourism [40]