In today’s briefing:
- Petrindo Jaya Kreasi (CUAN IJ): Potential Global Index Inclusion & The Risks
- Criterium Energy Ltd (TSX-V: CEQ): On track for first gas in 1Q26
- Lucror Analytics – Morning Views Asia
Petrindo Jaya Kreasi (CUAN IJ): Potential Global Index Inclusion & The Risks
- PT Petrindo Jaya Kreasi Tbk (CUAN IJ) could be added to a global index in August but there are multiple risks for the stock.
- PT Petrindo Jaya Kreasi Tbk (CUAN IJ) trades at significantly higher multiples compared to its peers and the recent price spike raises the risk of addition to the UMA list.
- PT Petrindo Jaya Kreasi Tbk (CUAN IJ) has outperformed its peers and positioning is big, raising the risk of the stock moving lower over the next few weeks.
Criterium Energy Ltd (TSX-V: CEQ): On track for first gas in 1Q26
- • The MGH-20 well in the North Mengoepeh (MGH) field tested 2.8 mmcf/d with associated oil.
- This is a positive surprise as there are currently no estimated resources at the field that was shut in in 2014.
- • Following the extended well test at SE-MGH, Criterium plans to initiate extended testing on MGH-20 and three additional shut-in wells on the North MGH well pad.
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Nickel Industries
- UST yields declined meaningfully yesterday, supported by a strong auction of 7Y notes and following a weaker than expected June JOLTS report. In addition, investors may have moved to lock in yields ahead of the Treasury Department’s refunding announcement and FOMC rate decision today.
- The UST curve bull-flattened, with the yield on the 2Y UST falling 6 bps to 3.87%, while the yield on the 10Y UST was down 9 bps at 4.32%. Equities retreated from record-high levels. The S&P 500 snapped a six-day winning streak, declining 0.3% to 6,371.
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