The JMP Weekly Report

27 Oct – 31 Oct, 2025

Welcome to this week’s JMP Report,

Last week saw 4 stocks traded on the local market with a total trading value of K10,823,155.89.
BSP traded 59,713 shares, closing 40t higher at K24.00. A new record high for BSP.
KSL traded 518,211 shares, closing 1t higher from its previous price at K3.81.
STO managed to trade good volumes, 340,410 shares at K20.50. Closing 50t higher from its previous close.
CPL continues its volatile run of price movements. Trading 1,005,108 shares at K0.45, closing 15t lower form its previous close.

WEEKLY MARKET REPORT | 27 October, 2025 – 31 October, 2025

STOCK	WEEKLY VOLUME	CLOSING PRICE	VALUE	BID	OFFER	CHANGE	% CHANGE
BSP	59,713	24.00	1,414,766	24.00	24.20	0.40	0.000
KSL	518,211	3.81	1,992,131	3.80	3.85	0.01	(1.30%)
STO	340,410	20.50	6,963,959	–	–	0.50	–
NEM	–	181.00	–	–	–	–	–
KAM	–	1.90	–	1.90	–	–	1.06%
NGP	–	1.35	–	1.35	–	–	–
CCP	–	4.65	–	–	4.64	–	–
CPL	1,005,108	0.45	452,299	–	0.50	(0.15)	(25.00%)
SST	–	50.00	–	–	–	–	–
	1,923,442	TOTAL	10,823,156				2.23%

Key takeaways:

Market Announcement: NEM – Commercial Production at Ahafo North, Ghana
Newmont Corporation – Newmont Announces Commercial Production at Ahafo North in Ghana Download >>
BSP Third Quarter 2025 Trading Update Download >>
The JMP equities team recently provided some analysis in relation to our views on BSP Financial Group Limited (PNGX:BSP, ASX:BFL).
The release of the bank’s Q3 financial results this week has not radically changed our view of its prospects in the medium to long term. If anything, the short-term prospects look pretty strong. We are happy to share our views with the wider group of PNG capital market participants as part of growing and developing the industry in PNG. Download >>

WEEKLY YIELD CHART | 27 October, 2025 – 31 October, 2025

STOCK	NUMBER ISSUED OF SHARES	MARKET CAP	2023 INTERIM DIV	2023 FINAL DIV	2024 INTERIM DIV	2024 FINAL DIV	2025 INTERIM DIV	YIELD % LTM
BSP	467,219,979	11,213,279,496	K0.370	K1.060	K1.210	K1.210	K0.500	7.13%
KSL	287,949,279	1,097,086,753	K0.100	K0.160	K0.106	K1.155	K0.126	7.38%
STO	3,247,772,961	66,579,345,701	K0.310	K0.660	k0.506	K0.414	K0.559	4.75%
NEM*	–	–	–	–	–	–	–	–
KAM	50,693,986	96,318,573	K0.120	–	–	–	K0.250	23.68%
NGP	45,890,700	61,952,445	K0.030	–	K0.120	K0.120	K0.040	11.85%
CCP	307,931,332	1,431,880,694	K0.110	K0.130	K0.121	K0.121	K0.121	5.20%
CPL	206,277,911	92,825,060	K0.050	–	–	–	–	–
SST	31,008,237	1,550,411,850	K0.350	K0.600	K0.300	K0.300	K0.400	1.40%
	TOTAL	82,123,100,572						5.07%

a LTM = Last Twelve Months. We have calculated yields based on most recently declared
interim and final dividends.
* NEM pays quarterly dividends. We have added last 4 payments at current FX rates.

Dividend yield – is calculated by dividing a company’s annual dividends per share by its current share price and expressing the result as a percentage.

Domestic Markets Department – Money Markets Operations Unit

Auction Number: 29-oct-25 / GOI / Government Treasury Bill

Settlement Date: 31-Oct-25

Amount on Offer: K267.4000 million

TERMS	ISSUE ID 2025 / 63	ISSUE ID 2025 / 91	ISSUE ID 2025 / 4699 182	ISSUE ID 2025 /4700 273	ISSUE ID 2025 / 4701 364	TOTAL
Weighted Average Yield	0.000	0.00%	7.35%	7.43%	7.40%
Amount on offer Kina Million	0.000	0.000	10.000	20.000	237.400	267.400
Bids Received Kina Million	0.00	0.000	26.000	39.000	339.300	404.300
Successful Bids Kina Million	0.00	0.000	10.000	32.000	238.720	300.700
Overall Auction OVER-SUBSCRIBED by	0.00	0.000	16.000	19.000	101.900	136.900

What we have been reading

NVIDIA CORPORATION (NVDA.NAS)

By: Bell Potter – Consensus Report

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking.

The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications.

The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services.

The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.