2nd QR with abnormally high other expenses. The first was in Q3FY24 and latest QR is the 2nd time reporting high other expenses. Not sure whether it is purely accounting losses or underlying challenges with regards to payment of trade and other payables? For now, cash eq is at 9.7bil and trade and other payables due within 12 months at 9.0bil.

not an easy stock to invest due to the nature of its business; multiple factors influencing its balance sheet. At least 3 factors to watch for - payables cannot be impaired and remeasurement gain/loss due to the change of timing in payment is becoming a norm, cyclical and volatile profitability (notes A9.2) due to high fixed cost internally and low olefins spread externally (2019 spread was the lowest and 2021 was the highest), and forex causing chaos (notes B4).