Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Bottom-Up

<p> The benchmark palm oil contract on the Malaysia Bursa closed at a record high of RM4,524/mt at the mid-day close the 12 May. The previous high was in March 2008. That gain in palm oil has moved in tandem with a rally in the vegetable oil complex, which has eked out the sharpest increase of all the agricultural commodities in the past year.</p>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/206/666/original/image_83464541291621222454246.png?1621222454" class="editor-image img-responsive" data-smartkarma-image-id="206666"></figure>
<div style="text-align: left;" class="content-caption">Source: <a href="http://www.fao.org/faostat/en/#data/QD/metadata" target="_blank" rel="noopener">FAO</a>
</div>
<div style="text-align: left;" class="content-caption">Components of the vegetable oils price index: soybean oil, Dutch , fob ex-mill; sun oil, EU, fob NW Eur. port; rape oil, Dutch, fob ex-mill; groundnut oil, any origin, cif Rotterdam; cotton oil, US, PBSY, fob Gulf; coconut oil, Phil./Indo., cif Rotterdam; palmkernel oil, Mal./Indo., cif Rotterdam; palm oil crude, cif NW Eur. port; linseed oil, any origin, ex-tank, Rotterdam; castor oil, ex-tank Rotterdam.</div>
<p>The gain in palm oil prices is largely underpinned by concerns over slower-than-expected production growth in the key exporting countries (Malaysia and Indonesia), hampered by labour shortages, in conjunction with strong global import purchases.</p>
<p>Yet while palm oil has enjoyed a meteoric price rise, the performance of listed palm oil plays has bifurcated. </p>
<p>Is this rally sustainable and why are markets not moving more in sync?  Or is ESG becoming a more pressing issue? </p>
<p>More below the fold. </p>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/206/657/original/image?1621220074" class="editor-image img-responsive" data-smartkarma-image-id="206657"></figure>

 The benchmark palm oil contract on the Malaysia Bursa closed at a record high of RM4,524/mt at the mid-day close the 12 May. The previous high was in March 2008. That gain in palm oil has moved in tandem with a rally in the vegetable oil complex, which has eked out the sharpest increase of all the agricultural commodities in the past year.

Source: FAO

Components of the vegetable oils price index: soybean oil, Dutch , fob ex-mill; sun oil, EU, fob NW Eur. port; rape oil, Dutch, fob ex-mill; groundnut oil, any origin, cif Rotterdam; cotton oil, US, PBSY, fob Gulf; coconut oil, Phil./Indo., cif Rotterdam; palmkernel oil, Mal./Indo., cif Rotterdam; palm oil crude, cif NW Eur. port; linseed oil, any origin, ex-tank, Rotterdam; castor oil, ex-tank Rotterdam.
The gain in palm oil prices is largely underpinned by concerns over slower-than-expected production growth in the key exporting countries (Malaysia and Indonesia), hampered by labour shortages, in conjunction with strong global import purchases.
Yet while palm oil has enjoyed a meteoric price rise, the performance of listed palm oil plays has bifurcated. 
Is this rally sustainable and why are markets not moving more in sync?  Or is ESG becoming a more pressing issue? 
More below the fold. 


Powering Palm Oil: Record Prices Amid Vegetable Oil Complex Rally

First Resources

Powering Palm Oil: Record Prices Amid Vegetable Oil Complex Rally