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TPG RE Finance Trust Preferred: A High-Yield Allocation For Medium-Term Income Investors

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TPG RE Finance Trust Preferred: A High-Yield Allocation For Medium-Term Income Investors

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I have been managing investments for over eight years in capital markets. By qualification I am a CFA Charter holder. I primarily look for discrepancies between the price and value of a security. With a focus on first-principal mindset, I try breaking down ideas into their core- most tangible parts, affecting the theses while deliberately avoiding the non-significant matter into crowding the analysis. If you like my ideas or frameworks, reach out via email/message for more granular and concentrated- portfolio level specific investment researches and ideas. I am at prakhar@shrihittruealphacapital.com.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Readers are advised to fact-check thoroughly before committing any capital to this idea; this reflects the personal views of the author and should not be pursued as formal financial or investment advice in any manner. While every effort has been made to ensure accuracy, errors may exist in the data and financial projections presented. The author is not responsible for any financial gains or losses incurred from investments made based on this content.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Full Tactical Breakdown and the Record-Setting Numbers to Know

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Lamine Yamal Calls Lionel Messi's World Cup Form 'Incredible' Ahead

Argentina and Spain meet today at MetLife Stadium in East Rutherford, New Jersey, in a World Cup final that both statisticians and tacticians have described as one of the most historically rich matchups in the tournament’s history, pitting Lionel Messi’s bid for a second consecutive title against Spain’s chance to become just the seventh nation to win multiple World Cups.

The two sides enter the final with a nearly even head-to-head record dating back to their first meeting in 1966. Across 14 previous encounters spanning all competitions, the series sits at six wins apiece with two draws, according to Fox Sports. Spain has won four of the last six meetings between the nations, though Argentina’s most recent victory in the series came in 2010, the same year Spain went on to win its only previous World Cup title. The two teams have not met since a March 2018 friendly, which Spain won 6-1, though neither current roster closely resembles the one that took the field in that lopsided result.

Argentina arrives at the final riding one of the most statistically dominant scoring stretches in World Cup history. According to Fox Sports, Argentina has scored multiple goals in 13 straight World Cup matches, the longest such streak in tournament history, and remains unbeaten in 19 consecutive major-tournament games, a run that includes 16 wins and three penalty-shootout victories. The team has also scored eight goals after the 85th minute of matches during this tournament alone, including extra time, a single-edition record for late-game scoring in World Cup history, reflecting the pattern of dramatic, come-from-behind victories that has defined Argentina’s run through the knockout stage, including Wednesday’s stunning 2-1 semifinal win over England.

Individual milestones are also within reach for several Argentine players. Should Messi score in the final, he would become just the sixth man in World Cup history to find the net in two separate finals, joining Vavá, Pelé, Paul Breitner, Zinedine Zidane and Kylian Mbappé on that list. Messi already holds the tournament’s all-time career scoring record with 21 goals across six World Cups, a mark he set earlier this summer. Teammate Alexis Mac Allister has also quietly built a historic individual record of his own, having played in more World Cup matches without a loss than any player in tournament history, a streak now standing at 13 matches.

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Argentina’s path to today’s final has been built on resilience rather than dominance, needing extra time or dramatic late goals in multiple knockout matches, including wins over Cape Verde, Egypt and Switzerland before Wednesday’s comeback against England, in which Enzo Fernández and Lautaro Martínez scored in the match’s closing minutes off assists from Messi.

Spain, by contrast, enters the final having conceded just once through seven tournament matches, that lone goal coming against Belgium in the quarterfinals, the stingiest defensive record of any team remaining in the competition. Manager Luis de la Fuente’s side delivered a controlled, disciplined performance in Tuesday’s 2-0 semifinal win over France, with full-backs Pedro Porro and Marc Cucurella limiting space for Kylian Mbappé, Michael Olise and Ousmane Dembélé throughout that match. Spain’s path to the title carries its own historic weight: a win would make it just the third nation to capture the World Cup in both of its first two final appearances, following Uruguay in 1930 and 1950 and Italy in 1934 and 1938. Spain would also become the seventh country to win multiple World Cup titles overall, having captured its only previous crown in 2010.

At the center of Spain’s attack sits 19-year-old Lamine Yamal, whose tournament form has drawn scrutiny relative to the outsized expectations placed on him entering the summer. According to Fox Sports, Yamal has yet to record a goal or an assist during the tournament’s knockout stage, though he remains just the third teenager in tournament history to make seven World Cup appearances, joining Mbappé and Spain teammate Pau Cubarsí on that list. Despite the modest individual output, Yamal has consistently drawn defensive attention from opposing teams throughout the tournament, a dynamic Spain’s coaching staff has said has helped create space for other attacking players, including forward Mikel Oyarzabal, who has scored five goals this summer.

Beyond the individual and team storylines, today’s final carries broader historical significance for Spain’s soccer program overall. A win would make Spain the first country to hold both the men’s and women’s World Cup titles simultaneously, a milestone tied to the Spanish women’s national team’s own recent championship success.

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Betting markets ahead of kickoff have consistently favored Spain, with FanDuel Sportsbook odds listing Spain at +125 to win in regulation, meaning a $100 wager on Spain would return $225 total, while Argentina was priced at longer odds reflecting its underdog status entering the match, with a winning $100 bet on Argentina projected to return $355 total according to Fox Sports’ pregame coverage.

Tactically, analysts have framed the final as a clash of styles as much as talent. Spain’s approach has centered on puncture-resistant possession and defensive organization, limiting high-quality scoring chances against a string of dangerous opponents throughout the tournament. Argentina, meanwhile, has repeatedly shown an ability to manufacture goals in the tournament’s most pressure-filled moments, frequently through Messi’s vision and precision passing in the attacking third, even when the team’s overall play has appeared to labor for long stretches of individual matches.

With both nations chasing distinct pieces of soccer history, Argentina pursuing a first back-to-back World Cup title since Brazil accomplished the feat in 1962, and Spain chasing just its second championship and a chance to complete a rare men’s-and-women’s World Cup double, today’s final in New Jersey carries stakes that extend well beyond the individual matchup between Messi and Yamal that has anchored much of the tournament’s promotional buildup. Whichever side ultimately lifts the trophy, both the numbers and the narratives entering kickoff suggest today’s match was always destined to add another significant chapter to the World Cup’s long history.

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The 10 Most-Watched Australian Movies of 2026 So Far, From Elvis Concert Films to Zombie Thrillers

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EPiC: Elvis Presley in Concert
EPiC: Elvis Presley in Concert
EPiC: Elvis Presley in Concert

Australian filmmakers have delivered one of the most varied slates of homegrown cinema in recent memory so far in 2026, spanning family animation, zombie horror, concert documentaries and Indigenous drama, even as local audiences continue to favor streaming platforms over cinemas for many of the year’s biggest Aussie-made titles. Here is a look at 10 of the most-watched Australian films of the year to date, based on box office performance, streaming popularity and critical attention.

EPiC: Elvis Presley in Concert. Baz Luhrmann’s latest ode to the King of Rock ‘n’ Roll stands as the highest-performing homegrown release at the Australian box office so far in 2026, by a significant margin over every other local production. Built around meticulously restored live footage of Elvis Presley, the film has drawn strong turnout from audiences eager for the kind of imported-star validation that has historically boosted Australian films at the box office, even though Presley himself never performed in Australia.

The Pout-Pout Fish. Sitting just behind EPiC as the second-highest-performing Australian release of the year, this colourful family animation from Brisbane-based studio Like a Photon Creative adapts the popular children’s book of the same name and kicked off the year’s slate of local releases.

We Bury the Dead. Directed by Zak Hilditch and starring Daisy Ridley alongside Brenton Thwaites, this Tasmanian-set zombie thriller has emerged as one of the year’s most talked-about genre entries, following an American woman collecting corpses amid a post-accident zombie outbreak. The film premiered at South by Southwest before its Australian theatrical rollout in February and has drawn praise for its blend of horror and dark comedy set against the Tasmanian landscape.

War Machine. A Victoria-shot science-fiction action film pitting soldiers against robots, War Machine features Australian director Patrick Hughes, co-writer James Beaufort, and cast members including Jai Courtney, Keiynan Lonsdale and Daniel Webber. Despite an $80 million U.S. budget, the film earned just $82,000 at the Australian box office during its brief theatrical run, illustrating a broader trend this year: Australian audiences have overwhelmingly preferred watching Aussie-shot productions like War Machine from their couches on Netflix rather than in cinemas.

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Bring Her Back. From brothers Danny and Michael Philippou, following up their breakout horror hit “Talk to Me,” Bring Her Back claimed the Best Film honor at the 2026 AACTA Awards, cementing the Philippou brothers as two of the most closely watched genre filmmakers currently working in Australian cinema.

The Deb. Rebel Wilson’s directorial debut, adapting the acclaimed stage musical by Hannah Reilly and Megan Washington, overcame production delays and legal controversy to become a genuine crowd-pleaser upon its April release. Set in a fictional country town, the film follows cousins clashing in the lead-up to a debutante ball, blending big laughs and pop-inflected musical numbers with a distinctly Australian sense of humor and local flavor.

Wolfram. Widely regarded as one of the standout Australian films of the year, Wolfram is a spiritual successor to Warwick Thornton’s acclaimed “Sweet Country” and continues the celebrated Indigenous filmmaker’s exploration of colonial violence and its lasting impact, dating back to his Cannes Caméra d’Or-winning debut, “Samson and Delilah.” Critics have singled out Thornton’s cinematography as demanding to be seen on the biggest screen possible.

Alphabet Lane. Among the strongest new releases of the year, this debut feature from first-time filmmaker James Litchfield stars Tilda Cobham-Hervey and strands its characters against the outback landscape, offering what reviewers described as a playful and unexpectedly original exploration of long-term relationships, loneliness and the difficulty of making friends as an adult, avoiding the sameness sometimes associated with outback-set Australian films.

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Jimpa. Sophie Hyde’s heartfelt drama stars John Lithgow and Olivia Colman and has drawn attention as one of the year’s most emotionally resonant Australian releases, adding to a 2026 slate that has spanned everything from horror and comedy to intimate family drama.

Apex, The Bluff and Balls Up. Rounding out the year’s most-watched Aussie-shot content are a trio of major streaming titles that, while not all technically classified as Australian productions given their international financing and creative teams, have nonetheless dominated local streaming charts. Apex, a Netflix survivalist thriller blending elements of a serial-killer story and starring Taron Egerton in an Australian accent, has become one of the platform’s most-watched titles domestically. Prime Video’s swashbuckling adventure The Bluff and Mark Wahlberg comedy Balls Up, both filmed in Queensland, have similarly drawn strong local streaming numbers, reflecting how Australian audiences are increasingly encountering Aussie-filmed content through their couches rather than at the cinema.

Beyond this list, several other Australian titles have drawn critical acclaim and audience attention throughout 2026, including the Teresa Palmer-led romantic comedy Addition, the Lismore flood documentary Floodland, the Mental As Anything documentary Live It Up, sailing documentary True South, horror debut Proclivitas, Mongolia-set documentary Iron Winter, World War II documentary Under a Bamboo Sky, the fight drama Beast starring Daniel MacPherson and Russell Crowe, and Seven Snipers, featuring Radha Mitchell and Tim Roth.

Industry analysts have continued to push back on the long-standing narrative that Australian films struggle at the box office because they all resemble one another, pointing to 2026’s slate as clear evidence to the contrary. Over the course of just a few months, local filmmakers have delivered family animation, romantic comedy, undead horror, Elvis concert footage, queer family drama, Indigenous historical drama and documentary work spanning band biography, natural disaster and rural Mongolia, a level of genre diversity industry observers say rivals any comparable stretch in recent Australian film history.

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Despite that variety, Hollywood productions continue to dominate Australia’s overall box office rankings for 2026, with only a handful of homegrown or Australian-adjacent titles, including EPiC, The Pout-Pout Fish, and international productions featuring prominent Australian actors such as Wuthering Heights, Song Sung Blue and Crime 101, cracking the year’s top 20 releases. Even so, industry figures say the strength and range of this year’s Australian film slate suggests local audiences have more reason than ever to support homegrown cinema in theaters, rather than waiting to catch Aussie-made films once they arrive on streaming platforms months later.

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These 3 Stocks Are So Good, I May Never Sell Them

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These 3 Stocks Are So Good, I May Never Sell Them

These 3 Stocks Are So Good, I May Never Sell Them

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Electric Pickup Trucks Worth Considering This Year

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Rivian R1T

The electric pickup truck market has grown considerably more crowded since Tesla’s Cybertruck first hit roads, and 2026 has brought a fresh wave of competitors offering everything from higher towing capacity to significantly lower price tags. For buyers drawn to the idea of an electric truck but put off by the Cybertruck’s polarizing angular design, here are five alternatives industry reviewers say are worth serious consideration this year.

Rivian R1T. Widely regarded by automotive reviewers as the strongest overall alternative to the Cybertruck currently on the market, the Rivian R1T pairs a distinctive, more conventional truck silhouette with genuinely usable off-road capability and a well-regarded interior. Autoblog’s testing found the R1T easy to see out of, free of the driving gimmicks associated with Tesla’s truck, and among the most daily-driver-friendly options in its class, even if some testers noted a slightly stiff ride and preferred keeping towing loads closer to 8,000 pounds rather than pushing toward its 11,000-pound rated maximum. U.S. News currently lists the R1T as offering the highest efficiency figures among electric pickups, with EPA-estimated ratings of 85 to 93 MPGe in city driving and 72 to 80 MPGe on the highway for the base 2026 model.

Chevrolet Silverado EV. For buyers prioritizing maximum driving range above all else, the Chevrolet Silverado EV currently leads the electric pickup segment. According to CarGurus, the base Silverado EV equipped with GM’s Max Range battery pack, a massive 205-kWh unit, delivers an estimated 493 miles of range for 2026, comfortably outdistancing the Cybertruck’s roughly 325-mile range on a full charge. Pricing spans a wide range, from around $55,000 up to nearly $100,000 depending on trim and configuration, giving buyers meaningful flexibility depending on how much range and capability they actually need.

GMC Sierra EV. Built on the same underlying platform as the Silverado EV and the GMC Hummer EV, the Sierra EV offers a somewhat more traditional pickup truck experience within GM’s electric lineup, positioned to appeal to contractors, tradespeople and other buyers who want genuine work-truck functionality rather than the more image-focused styling of vehicles like the Cybertruck or Hummer EV. U.S. News notes the base 2026 Sierra EV ranks among the most efficient electric trucks currently available in terms of its city and highway performance figures.

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Scout Terra. Revived last year by Volkswagen after decades of dormancy, the relaunched Scout brand’s all-electric Terra pickup has drawn attention as one of the more compelling upcoming entries in the segment. The Terra offers an estimated 350 miles of range and a towing capacity of up to 10,000 pounds, and crucially, will be sold directly to consumers rather than through a traditional dealer network, a structure Jalopnik noted should help buyers avoid the kind of markup pressure sometimes associated with dealer-negotiated pricing. According to Pickup Truck Talk, the Scout Terra is expected to start roughly $40,000 cheaper than the Cybertruck while still rivaling its off-road and towing capabilities, positioning it as one of the more direct value-oriented challengers to Tesla’s truck.

Slate Truck. For buyers seeking the most dramatic price difference from the Cybertruck, the Slate Truck represents perhaps the starkest alternative on the market. Backed by Michigan-based startup Slate Automotive and funded in part by Amazon founder Jeff Bezos, the Slate Truck is designed around radical simplicity, featuring steel wheels, flat body panels, manual windows and no central touchscreen, built around a philosophy of “buy what you need and add the rest yourself” through a wide range of factory and aftermarket customization options. At just 174.6 inches long, smaller than even a Ford Maverick, the Slate Truck is projected to start in the mid-$20,000s when shipments begin at the end of 2026, according to Pickup Truck Talk, undercutting the Cybertruck’s roughly $82,000 starting price by a wide margin.

Notably absent from this list is the Ford F-150 Lightning, once considered one of the Cybertruck’s most direct competitors. Edmunds confirmed that Ford has already announced it is no longer building the electric F-150 Lightning, though the company has said a replacement model is in development, meaning buyers specifically interested in Ford’s next electric pickup offering will need to wait for further details on that upcoming vehicle rather than shopping the current Lightning.

Buyers willing to wait even longer for additional options also have Stellantis’ Ram 1500 REV on the horizon, Ram’s first fully electric pickup, slated to launch once the brand’s hybrid Ramcharger model reaches the market. When it does arrive, the 1500 REV is expected to offer the highest towing capacity among major electric pickup competitors, at roughly 14,000 pounds, alongside an estimated 350 miles of range and a payload capacity exceeding 2,600 pounds, more than 100 pounds greater than what the Cybertruck can manage.

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For context, the current 2026 Tesla Cybertruck starts at $81,985, with the range-topping tri-motor Cyberbeast trim beginning at $116,985, according to Kelley Blue Book. Equipped with a 123-kWh battery, the Cybertruck offers an estimated 325-mile range in its all-wheel-drive configuration and can tow up to 11,000 pounds, with the Cyberbeast capable of reaching 60 mph in as little as 2.6 seconds. Despite its high price and polarizing design, the Cybertruck briefly became the best-selling vehicle in the United States following its launch, reflecting the strong demand and cultural attention the truck has generated even amid persistent criticism of its off-road limitations, cargo bed constraints and reported build-quality issues.

For buyers who want an electric pickup without the Cybertruck’s angular styling or its reported off-road shortcomings, the current market offers a genuinely diverse set of alternatives, ranging from the Rivian R1T’s daily-driver-friendly refinement to the Slate Truck’s back-to-basics affordability, giving shoppers considerably more choice in 2026 than existed when Tesla’s truck first arrived on the market.

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Kroger has cheapest store-brand groceries among major chains, study finds

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Kroger has cheapest store-brand groceries among major chains, study finds

Shoppers looking to stretch their grocery budgets may want to take a closer look at Kroger.

The Ohio-based grocer had the cheapest store-brand grocery basket in a new price comparison of four major U.S. grocery chains.

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A new study from Restaurant Furniture Plus compared the cost of 15 store-brand essentials at Kroger, Walmart, Aldi and Albertsons, including milk, bread, eggs, chicken breast, spaghetti, canned beans and baking items, Southern Living reported.

Kroger ranked No. 1 with a total basket cost of $30.

MORE AMERICANS ARE RELYING ON CREDIT CARDS TO BUY GROCERIES, NEW STUDY FINDS

A Kroger grocery store

Kroger had the cheapest store-brand grocery basket in a new price comparison of four major U.S. grocery chains. (Jeffrey Dean/Bloomberg via Getty Images)

The grocer had the lowest prices on 10 of the 15 items analyzed, more than any other retailer in the study, according to the outlet.

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Kroger, which operates roughly 1,229 grocery stores across 16 states, also offered the lowest prices on several pantry staples, including canned diced tomatoes, spaghetti and sugar, as well as a dozen large eggs.

Walmart came in second with a basket total of $30.95, followed by Aldi at $33.15 and Albertsons at $35.58, Southern Living reported.

CALIFORNIA GROCERY PRICES COULD RISE AS PLASTIC PACKAGING LAW TAKES EFFECT

Cartons of eggs

Kroger offered the lowest prices on several pantry staples, as well as a dozen large eggs. (Brandon Bell/Getty Images)

However, Aldi’s store-brand dairy products stood out as a particularly strong value, the study noted.

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The survey did not include Costco, Trader Joe’s, H-E-B or Piggly Wiggly. Trader Joe’s was excluded because it did not carry some items in the comparison, while Costco’s bulk model made single-item price comparisons difficult, Southern Living reported.

Ticker Security Last Change Change %
WMT WALMART INC. 114.24 -0.71 -0.62%
COST COSTCO WHOLESALE CORP. 940.87 -4.70 -0.50%

The findings come as many Americans continue to feel squeezed at the grocery store.

COSTCO MAKES PAYMENT CHANGE THAT COULD SPEED UP CHECKOUT FOR MEMBERS

Shopper looks at cookies in Walmart store

Walmart came in second with a basket total of $30.95. (Scott Olson/Getty Images)

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Food prices have climbed 32% over the past five years, pushing more than one in four working-age Americans into credit card debt to cover regular grocery bills, according to a new Urban Institute study released Monday.

“Groceries are one of the largest household budget items for families. Over the past five years, food costs have increased substantially,” the report said. “This means that families today face persistently higher prices when they go to the grocery store, and food affordability remains a key concern for many.”

FOX Business’ Kristen Altus contributed to this report.

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Constellation Energy: The Inventory Is Smaller Than The Gap (NASDAQ:CEG)

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Talen Energy: Riding A Boom In Demand For Electricity, But The Valuation's Too Hot

This article was written by

I am an investor and researcher focused on identifying high-quality businesses trading at a fair price. My approach is rooted in the value investing tradition of Warren Buffett, Howard Marks, and Mohnish Pabrai: owning great businesses, insisting on a margin of safety, and weighing the downside before the upside.I am currently studying at Frankfurt School of Finance & Management, one of Germany’s leading business universities. Alongside my studies, I have gained professional experience across research and advisory as well as audit, work that shaped how I read financial statements, assess earnings quality, and separate durable economics from accounting noise.For over five years I have actively researched public markets as an independent investor. My focus is picks and shovels exposure to structural growth across the energy, semiconductor, technology, and AI infrastructure supply chains. I also follow the consumer sector closely, where brand strength and pricing power create durable competitive advantages.On Seeking Alpha I intend to publish company specific deep dives and sector theses, emphasizing primary sources, valuation discipline, and honest bear case analysis, including the risks to my own conclusions. My goal is to contribute rigorous, independent research to the community and to sharpen my own thinking through the scrutiny of informed readers.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CEG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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AI Could Touch 80 Million ASEAN Jobs, But the ILO Says Disruption Isn’t Here Yet

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Driving Change Through Technology for Nonprofits in Asia-Pacific
  • A 2025 ILO policy brief estimates that nearly 80 million workers across ASEAN — roughly 23 percent of total employment — hold jobs with meaningful exposure to generative AI. Only about 11.7 million fall into the highest-exposure category, and two-thirds of the regional workforce shows no identified exposure. Employment in exposed occupations has continued to grow despite increasing AI contact.
  • Thailand ranks at 20.6 percent exposure, near the regional middle, while Singapore leads at 42.2 percent. The ILO highlights a preparedness gap between how exposed workforces are and how ready institutions are to respond. Women face disproportionately high exposure due to concentration in clerical and professional roles, and informal workers remain largely outside the data.

A new policy brief from the International Labour Organization puts a hard number on a question that has hovered over Southeast Asian boardrooms and finance ministries for the past two years: how many jobs in the region actually sit in the path of generative AI. The answer, released this week, is nearly 80 million.

What the ILO found

According to the ILO’s 2025 estimates, 22.9 percent of total employment across ASEAN — close to 80 million workers — sits in occupations with more than a minimal degree of potential exposure to generative AI. The brief, titled “Generative AI and labour markets in ASEAN: Significant exposure, limited disruption, uneven preparedness,” is careful to separate exposure from displacement. Only 3.3 percent of the regional workforce, around 11.7 million people, falls into the “highest exposure” category, and roughly 67 percent of ASEAN employment shows no identified GenAI exposure at all.

The report’s own framing captures the tension: significant exposure, but limited disruption so far. Employment in the most exposed occupations has kept growing even as GenAI touches more of the workforce, and actual adoption remains concentrated in technology-heavy roles, with much slower uptake in office and administrative jobs despite their higher exposure scores.

Where Thailand sits in the regional picture

Singapore tops the exposure ranking at 42.2 percent of total employment, a reflection of its finance- and tech-heavy economy. The Philippines follows at 28.1 percent, driven by its large IT and business process outsourcing sector, then Indonesia at 21.7 percent and Vietnam at 20.8 percent. Thailand comes in at 20.6 percent, near the middle of the pack and meaningfully below Singapore’s exposure level.

That positioning is worth reading alongside Thailand’s own AI trajectory. Microsoft recently reported that Thailand ranks second worldwide for AI adoption growth, with workplace AI adoption up 36.4 percent year-on-year. The two data points aren’t contradictory — fast-growing adoption from a low base is consistent with occupational exposure that hasn’t yet caught up to Singapore’s. The Thai government’s own 25 billion baht AI development programme allocates 6 billion baht specifically to building a skilled AI workforce, which suggests policymakers are already positioning for exposure to rise.

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A gender gap inside the numbers

One of the more striking findings concerns who bears the exposure. Women are more than twice as likely as men to work in occupations with high GenAI exposure, a pattern the ILO links to their concentration in clerical, administrative, and professional roles. Young workers aged 15 to 24 show broadly similar exposure levels to older adults, suggesting this isn’t primarily a generational story.

The preparedness gap

Perhaps the most useful concept in the brief is what the ILO calls the preparedness gap — the distance between how exposed a country’s workforce is and how ready its institutions are to manage that exposure. Singapore is held up as the clearest example of high exposure matched with high preparedness, combining advanced digital infrastructure, strong talent availability, and a coordinated government strategy. The implicit question for the rest of ASEAN, Thailand included, is whether exposure will keep climbing faster than the institutional response.

That question sits close to ground Thailand has already been covering on other fronts. The country’s data centre and AI infrastructure buildout is running into its own talent shortage, with demand for skilled data-centre professionals outpacing supply. And in the informal economy, the ILO has separately noted that more than 16 percent of ASEAN youth were not in education, employment, or training in 2024 — a workforce segment the GenAI exposure figures don’t fully capture, since informal work accounts for a large share of employment in Thailand, Cambodia, and Indonesia.

The investment read

For now, the ILO’s message to policymakers and investors is one of urgency without alarm: the potential for labour market transformation is real, but the disruption itself hasn’t materialised yet. That gives ASEAN governments, Thailand’s among them, a window to build the reskilling and social protection systems the report calls for before adoption catches up to exposure. Whether that window stays open depends largely on how quickly GenAI moves from technology-sector adoption into the office and administrative roles where exposure is highest but uptake has so far lagged.

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Chinese firm seeks compensation over British Steel nationalisation

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The former owner of British Steel has said it will pursue the British government for compensation after the loss-making firm was nationalised.

The UK took control of the Scunthorpe steelworks a year ago after China’s Jingye Group said it planned to close the site because it was not financially viable, and fully nationalised the plant on Thursday.

In a statement on Sunday, Jingye said it will seek “full compensation through legal means to the very end” over the UK’s move.

A government spokesperson said draft compensation regulations due to be released in the autumn will set out a compensation process through which an independent assessor “would determine what, if any, is payable”.

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Jingye bought the Lincolnshire steel plant in 2020, but in March last year the firm launched a consultation on its closure saying the plant was losing £700,000 a day.

The government took control of British Steel operations in April 2025, but until this week it remained under Jingye’s ownership which limited the government’s ability to shape the firm’s future.

On Thursday the UK government said it was taking the firm into public hands in order to safeguard a “vital national capability”, giving the government the power to decide the plant’s future.

The decision to nationalise British Steel has threatened to strain the relationship between London and Beijing just as Andy Burnham prepares to enter Downing Street as prime minister on Monday.

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IBM CEO Arvind Krishna Has Nowhere to Hide From AI

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IBM CEO Arvind Krishna Has Nowhere to Hide From AI
Tim Higgins

The problem for IBM IBM Chief Executive Arvind Krishna is that things are going too fast and too slow—all at the same time—and he’s stuck in the middle. That’s a bad place to be in the AI revolution.

Krishna bet big on a hybrid-cloud approach in response to the rise of hyperscalers and has long sold investors on IBM’s role in quantum computing—a next-generation technology he says is three to five years away.

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how InvestingPro’s fair value spotted Prestige Healthcare’s 42% drop

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how InvestingPro’s fair value spotted Prestige Healthcare’s 42% drop

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