PTB’s Q3 2024 results showed revenue and NPAT-MI down 8%/28% QoQ, respectively, but up 25%/4% YoY. For 9M 2024, revenue and NPAT-MI grew 11% and 14% YoY, fulfilling 69% and 58% of our respective 2024 full-year forecasts. We anticipate downside risk to our