Daily Brief Thematic (Sector/Industry): Uranium Stocks Surge on Kazakh Taxes and more

• News out of Kazakhstan regarding increased mineral extraction tax for uranium mining
• Impact on global uranium supply and term pricing
• Uranium equities in Australia experiencing significant price increase

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• June witnessed heavy selling across major US crops across corn, beans and wheat with wheat taking the biggest hit.
• Grain prices have been bearish on favorable supply. The adage of ‘rain makes grain’ has changed this summer to ‘grain falls like rain’ ahead of WASDE report.
• Positive revisions are expected for major Wheat exporting countries US & Russia, even as EU reels from adverse weather. US grain forecasts will follow suit and outweigh concerns

• Vodafone Idea requests Rs.24,747 crore bank guarantee waiver for spectrum payments from DoT
• Brookfield invests $550 million in Tamil Nadu’s Leap Green Energy for renewable growth
• Adani Ports commits $1.2 billion to Vizhinjam, Kerala’s future container transshipment hub

• PetroTal (PTAL LN/CN)C; Target price of £1.50 per share: Unrestricted cash position increased by >30% during the last quarter – 2Q24 production of 18,290 bbl/d was very near our forecasts of 18.5 mbbl/d but marginally below the company target of ~19 mbbl/d.
• A brief river blockade impacted production but production in June was 20,555 bbl/d.
• All regulatory approvals for the pilot to sell 100 mbbl of production through Ecuador have now been secured.

• Welcome to Consumer Tales & Trends, your weekly roundup of the latest corporate developments, investment reports and sector events in the consumer industry.
• Jollibee Foods (JFC PM) dives into Korea’s coffee war zone with a new acquisition. But with expensive funding, selling cheap coffee isn’t so cool anymore.
• Tiger Balm, the beloved pain relief elixir, is under valued in its holding-company, HawPar Corp . In an aging world full of aches, it’s time to let Tiger Balm roar!