Latest news for Pakuwon Jati (OTC:PTPKF) Stock

PT Pakuwon Jati Tbk is a real estate developer in Indonesia. It acquires, develops, and manages residential property, office buildings, hotels, serviced apartments, and shopping centers. Roughly half of the company's revenue is recurring revenue, which it generates from leasing units in shopping centers and office buildings, and from the revenue, it collects from hotels and serviced apartments. The remaining revenue is development revenue, which the company generates by selling condominiums, houses, and office units. Nearly all of the company's revenue is generated in Surabaya or Jakarta in Indonesia. It has three segments namely Office, shopping center, Office and service apartment; Real estate; and Hospitality.

PT PAKUWON JATI TBK by PT Pakuwon Jati TBK

PT Pakuwon Jati Tbk

Crude oil prices experienced their most significant one-day increase in over nine months Wednesday due to escalating <a href="https://www.benzinga.com/etfs/sector-etfs/24/07/40081661/irans-supreme-leader-orders-direct-strike-on-israel-in-retaliation-for-hamas-leaders-killing-rep">geopolitical tensions in the Middle East</a>. West Texas Intermediate (WTI) light crude closed the session at $78.41 per barrel, up 4.9%, marking its largest spike since October 2023.
Iran&#8217;s supreme leader Ayatollah Ali Khamenei has reportedly ordered retaliation against Israel following the death of Hamas leader Ismail Haniyeh in Tehran, heightening fears of potential escalation in the region and serious disruptions in the oil supply chain. The New York Times, citing three Iranian officials briefed on the order, reported that Khamenei has directed Iran to strike Israel directly.
The Israeli shekel fell 1% against the dollar on Thursday, marking its third consecutive session of losses. Israeli stocks, as tracked by the iShares MSCI Israel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIS#NYSE">EIS</a>), closed 0.2% higher, snapping two straight sessions of losses.
<h3 class="wp-block-heading">Chart: Oil Prices Notch Strongest Session In Over 9 Months</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31162827/image-69-1024x585.png" alt="" class="wp-image-468873" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31162827/image-69-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31162827/image-69-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31162827/image-69-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31162827/image-69-1536x877.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/31162827/image-69.png 1892w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">UN Security Council Holds Emergency Meeting</h3>
The United Nations Security Council is holding an emergency meeting Wednesday called by Iran.
In her opening remarks, Rosemary DiCarlo, the U.N.&#8217;s under-secretary-general for political and peacebuilding affairs, said that Iran accused Israel of carrying out an attack that killed Haniyeh, claiming it was a serious infringement of Iranian sovereignty and territorial integrity and a blatant violation of international law.
Iran&#8217;s supreme leader and other senior officials have vowed to avenge Haniyeh&#8217;s death, warning Israel of &#8220;harsh punishment intended to instill deep regret in the perpetrator.&#8221; Various non-state armed groups aligned with Iran across the region have also threatened to retaliate against Israel.
DiCarlo called for vigorous efforts toward regional de-escalation in the interest of long-term peace and stability. The international community must work together to prevent any actions that could rapidly escalate the conflict, she said, adding that swift and effective diplomatic efforts towards de-escalation are essential. 
China firmly opposed and strongly condemned the assassination of Haniyeh in Tehran, as well as &#8220;a series of recent irresponsible actions, including Israel&#8217;s attack on southern Beirut.&#8221;
China reiterated that military means and the abuse of force are not solutions to problems and will only lead to greater crises.
Algeria&#8217;s U.N. ambassador said: &#8220;We are on the precipice of catastrophe, as Israel committed an act of terror, violating international law.&#8221; He strongly condemned Israel, stating these are not acts of self-defense but brutal aggression. He called for an immediate, unconditional ceasefire in the Gaza Strip. 
<h3 class="wp-block-heading">US Says Israel &#8216;Has A Right To Defend Itself&#8217;</h3>
&#8220;Israel has a right to defend itself against attacks from Hezbollah and other terrorists,&#8221; U.S. ambassador Robert A. Wood said.
Israel&#8217;s response on July 30 to Hezbollah&#8217;s July 28 attack on Majd al Shams, which killed 12 children, was justified, Wood said. He stated unequivocally that Hezbollah was responsible for the attack, which he said used an Iranian weapon and was launched from a Hezbollah-controlled area in Lebanon.
&#8220;We call on the Security Council to send an unambiguous message to Hezbollah by standing with Israel as it defends itself against Hezbollah&#8217;s repeated attacks,&#8221; Wood added.
The United States was not aware of or involved in the apparent death of Haniyeh, he said. 
&#8220;Indeed, we have no independent confirmation as to Hamas&#8217;s claims regarding his death.&#8221; Secretary of State Antony Blinken earlier advised against speculating on the impact that recent events may have on peace and security in the Middle East, Wood told the U.N. Security Council meeting. 
A broader war is neither imminent nor inevitable, despite opportunistic attacks by Iran and its network of terrorist proxies and partners, Wood said, adding that the U.S. remains committed to a diplomatic outcome to restore calm.
&#8220;Every member of the Security Council should call on Iran to stop arming, advising, and financing terrorist groups and to rein in the actions of proxies and partners who threaten regional peace and security,&#8221; Wood said. 
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iShares MSCI Israel Capped Investable Market Index Fund

Crude Oil Records Biggest 1-Day Surge Since October 2023 As Iran Vows Retaliation Against Israel: UN Holds Emergency Meeting

For the full year 2024, it expects adjusted EBITDA to range from&nbsp;$15M&nbsp;to&nbsp;$26M, or a margin of&nbsp;5.0%&nbsp;to&nbsp;8.3%.

News

Guidance

LPSN

LivePerson Continues To Expect FY24 Total Revenue Of $300M - $315M, Est $308.901M

Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $(0.10) by 50 percent. This is unchanged from the same period last year. The company reported quarterly sales of $861.000 million which missed the analyst consensus estimate of $862.593 million by 0.18 percent. This is a 18.11 percent increase over sales of $729.000 million the same period last year.

Earnings

Earnings Misses

Transocean Q2 2024 Adj. EPS $(0.15) Misses $(0.10) Estimate, Sales $861.000M Miss $862.593M Estimate

NCSM

NCS Multistage Holdings Says It Expects Q3 Revenue To Improve YoY

Enovix Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares are trading higher in Wednesday&#8217;s after-hours session after the company reported better-than-expected results for the second quarter and <a href="https://www.benzinga.com/pressreleases/24/07/g40080434/enovix-signs-mou-with-global-high-performance-automotive-oem">announced new collaborations</a>.
<ul>
<li>Q2 Revenue: $3.768 million, versus estimates of $3.693 million</li>
</ul>
<ul>
<li>Q2 EPS: Loss of 14 cents, versus estimates for loss of 23 cents</li>
</ul>
Enovix said it began producing its first batteries in Malaysia and demonstrated strong commercial progress with a handful of leading customers during the quarter. The company now expects &#8220;significant revenue growth&#8221; from the first half of 2024 to the second half of 2024.
Enovix said it ended the second quarter with&nbsp;$249.9 million&nbsp;in cash, cash equivalents and short-term investments.
Outlook: Enovix expects third-quarter revenue to be in the range of $3.5 million to $4.5 million. The company anticipates a third-quarter adjusted loss of 17 cents to 23 cents per share.
&#8220;We made substantial progress in the&nbsp;second quarter&nbsp;of 2024 as Fab2 went operational, and we took actions to lengthen our runway while striking agreements with multiple leading customers. We are focused on continuing this strong execution and look forward to initiating multiple customer qualifications in the second half of the year,&#8221; the company said.
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/40081701/meta-platforms-q2-earnings-revenue-beat-eps-beat-strong-guidance-meta-ai-is-on-track-to-be-the-most">Meta Platforms Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance — &#8216;Meta AI Is On Track To Be The Most Used AI Assistant In The World&#8217;</a>
What Else: Enovix announced it signed a <a href="https://www.benzinga.com/pressreleases/24/07/g40080438/enovix-signs-collaboration-agreement-with-fortune-200-company">collaboration agreement</a> with a Fortune 200 company to provide silicon batteries for the IoT product category. The company is set to receive milestone payments associated with building and testing prototype batteries for this IoT device along a path toward mass production.
Enovix also <a href="https://www.benzinga.com/pressreleases/24/07/g40080434/enovix-signs-mou-with-global-high-performance-automotive-oem">announced</a> it signed a Memorandum of Understanding (MOU) with a high-performance, global automotive OEM aimed at scaling the Enovix cell architecture for the EV market.
&#8220;While our immediate focus is on advancing battery technology for consumer electronics, our vision extends to the EV market where our unique architecture is well-suited to enable next generation materials to drive performance improvements,&#8221; said Raj Talluri, president and CEO of Enovix. 
ENVX Price Action: Enovix shares were up 11.10% in after-hours, trading at $16.01 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Dean Simone from Pixabay.

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ENVX

Enovix Stock Is Rising After The Bell: What's Going On?

For the&nbsp;third quarter&nbsp;of 2024, it expects adjusted EBITDA to range from&nbsp;$0M&nbsp;to&nbsp;$5M, or a margin of&nbsp;0.0%&nbsp;to&nbsp;6.8%.

LivePerson Expects Q3 Total Revenue Of $69M - $73M Or (32)% To (28)% Y/Y, Est $73.8M

MRAM

Everspin Technologies Sees Q3 EPS $(0.10)-$(0.05) Vs $(0.12) Est.; Revenue $11.5M-$12.5M Vs $10.65M Est.

Employers Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIG#NYSE">EIG</a>) reported quarterly earnings of $1.10 per share which beat the analyst consensus estimate of $1.08 by 1.85 percent. This is a 5.98 percent decrease over earnings of $1.17 per share from the same period last year. The company reported quarterly sales of $217.000 million which missed the analyst consensus estimate of $223.820 million by 3.05 percent. This is a 0.84 percent increase over sales of $215.200 million the same period last year.

Earnings Beats

Employers Holdings Q2 2024 Adj. EPS $1.10 Beats $1.08 Estimate, Sales $217.000M Miss $223.820M Estimate

MISTRAS Reaffirms FY24 Guidance For Revenue Of $725M - $750M, Est $746.335M

VSEC

VSE Corporation Reaffirms FY24 Revenue Growth Guidance

Westwood Holdings Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHG#NYSE">WHG</a>) reported $22.70 million in sales this quarter. This is a 3.44 percent increase over sales of $21.95 million the same period last year.

Westwood Holdings Gr Q2 Sales $22.70M Up From $21.95M YoY

Buybacks

RenaissanceRe Announces Quarterly Dividend Of $0.39 Per Share, Payable September 30, 2024, To Shareholders Of Record On September 13, 2024; Board Approves Renewal Of $500M Share Repurchase Program

MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) reported its second-quarter financial results Wednesday. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/07/n40081327/mgm-resorts-international-reports-second-quarter-2024-financial-and-operating-results">details from the report. </a>
The Details: MGM Resorts reported quarterly earnings of 86 cents per share, which beat the analyst consensus estimate of 62 cents by 38.71%.
Quarterly sales clocked in at $4.3 billion, which beat the analyst consensus estimate of $4.22 billion and represents a 9.08% increase from the same period last year.
Las Vegas strip resorts net revenues were $2.2 billion, an increase of 3% year-over-year, due primarily to an increase in rooms revenue, driven by an increase in ADR, and an increase in catering and banquets revenue. 
China MGM net revenues were $1 billion in the current quarter, an increase of 37% year-over-year. The current quarter was positively affected by the continued ramp-up of operations after the removal of COVID-19-related travel and entry restrictions in the first quarter of 2023. Regional operations net revenues were $927 million in the current quarter and flat compared to the prior-year quarter.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/40076709/whats-going-on-with-sofi-stock-after-earnings">What&#8217;s Going On With SoFi Stock After Earnings?</a>
&#8220;MGM Resorts continued to drive positive financial results and solid growth in the second quarter, with record MGM China Adjusted Property EBITDAR and further growth in Las Vegas where our Marriott relationship continues to exceed expectations and our meetings and convention business continues to strengthen thanks to our recently completed remodel of Mandalay Bay,&#8221; said Bill Hornbuckle, CEO of MGM Resorts International.
MGM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, MGM Resorts International shares are down 4% after-hours at $41.25 at the time of publication Wednesday.
Read Next:&nbsp;
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</ul>
Image: Csaba Nagy from Pixabay

After-Hours Center

MGM Resorts Reports Better-Than-Expected Q2 Results, Record Net Revenues

Carriage Services Sees 2024 Adj. EPS $2.30-$2.40 vs $2.27 Est., Total Revenue $390M-$400M vs $386.1M Est.

Magnachip Now Expects FY24 Consolidated Revenue Flattish-To-Slightly Down, Compared To Prior Expectation Of Flat-To-Up-slightly Y/Y

Braemar Hotels &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHR#NYSE">BHR</a>) reported quarterly earnings of $0.10 per share which missed the analyst consensus estimate of $0.14 by 28.57 percent. This is a 50 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $187.587 million which beat the analyst consensus estimate of $185.095 million by 1.35 percent. This is a 0.47 percent increase over sales of $186.707 million the same period last year.

Braemar Hotels & Resorts Q2 2024 FFO $0.10 Misses $0.14 Estimate, Sales $187.587M Beat $185.095M Estimate

LRCX

Lam Research Extends Leadership In 3D NAND Flash Memory Etching With Introduction Of Lam Cryo 3.0; New Technology Enhances Etch Capabilities For Future High-Capacity Memory Demand Driven By AI Proliferation

Magnachip Expects Q3 Consolidated Revenue Of $61.5M - $66.5M, Est $62.5M

LUNG

Pulmonx Continues To Expect FY24 Revenue $81M-$84M

MYR Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>) reported quarterly losses of $(0.91) per share which missed the analyst consensus estimate of $1.13 by 180.53 percent. The company reported quarterly sales of $828.890 million which missed the analyst consensus estimate of $876.070 million by 5.39 percent. This is a 6.72 percent decrease over sales of $888.616 million the same period last year.

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