The worst should be over, Nick. Barring any unforeseen circumstances, we should continue to see the raw material price to taper off from the peak seen end of last year which hit a whopping USD590 per metric tonne. Its been trending down for the last 5 months and currently at USD565 per metric tonne.

Ooh, i understand now. You are referring to GenM's decision back in Jan'24 to inject USD100M into Empire right? It is not impairment loss. It will increase GenM's shareholding to ~90% which will translate to higher profit/loss from Empire resort if you will.

ermm... basically, this is how it works - you will see share of profit/loss increase accordingly depending on how Empire Resorts is doing in the income statement, next is the cash and cash equivalent will reduce by USD100M in the statement of financial position and then USD100M will also be captured in the cash flow statement.

Yeah... will be looking for opportunity to increase position in 3A. Tapioca export price is moving in the right direction after 2 years of escalations :( And consumer consumptions in Malaysia and Singapore (3A major markets) were subdued. It has started to pick up now and will continue to pick up which will gradually increase the demand for their products. Worst is over for now :)

ermm... maybe should not set a limit for now :) it has been "hammered" by inflationary pressure in the past and the pressure has just started to ease. We should see profitability continues to grow and demand for its products will be driven by consumer consumption / spending.