In today’s briefing:
- IEX Ltd- Facing the Tide
- The Case for Oil // Farmer Sentiment continues to fall
- Thungela: Cyclical Downturn Should Resume
IEX Ltd- Facing the Tide
- Indian Energy Exchange Ltd (IEX IN) is a market leader among power exchanges. However, the company’s market share might be delicate, especially with the developments of market coupling.
- The company might be a market leader, however there are some aspects accounting wise that are unique to IEX as compared to other exchanges like MCX and BSE.
- This includes settlement guarantee fund, accounting of software license, etc.
The Case for Oil // Farmer Sentiment continues to fall
- Farmer Sentiment continues to fall Producer sentiment fell to its weakest reading since July 2022 as the Purdue University/CME Group Ag Economy Barometer declined 19 points to a reading of 104 in May.
- The Index of Future Expectations was down 22 points to a reading of 98 in May, while the Index of Current Conditions was down 13 points to a reading of 116.
- This month’s lower sentiment was fueled by drops in both of the barometer’s sub-indices and likely triggered by weakened crop prices, according to the University of Purdue.
Thungela: Cyclical Downturn Should Resume
- Thungela Resources Limited’s six-month trading report suggests that an earnings slump is en route.
- The firm’s broad-based output is suffering from troubled railways and softer-than-anticipated demand from abroad.
- A lower dividend is highly probable, according to the report.
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