Monday morning links
Indonesia's palm oil export ban, Nvidia, Asian airports, fund holdings review
The Indonesian government has announced that it will ban the export of palm oil. Since Indonesia is the world’s largest exporter of crude palm oil, prices in the rest of the world are now skyrocketing. Competing plantations in Malaysia will not be able to replace lost exports but they will benefit from higher prices.
Over the past week, I’ve written an introductory guide to the Asian airport sector as well as the fourth instalment in my reviews of the holdings of Asia-focused funds.
Punchcard Investor on Nvidia (part 1) (NVDA US — US$489 billion)
(estimated reading time) ($ = behind a paywall)
I wrote a comprehensive report on the Asian airport sector (23 mins) ($)
I wrote another instalment (part 4) where I analyse fund portfolios (17 mins) ($)
Greenlight Capital’s 1Q22 letter (13 mins)
Open Insights: The energy shortage is about to get bad (10 mins)
Who is Singapore’s new prime minister Lawrence Wong? (7 mins)
Long interview with Warren Buffett on Charlie Rose (1:14 hours)
Mohnish Pabrai on Alibaba & Tencent at the 48 min mark (58 mins)
Jim Bianco on the Japanese Yen at the 23 min mark (37 mins)
Russell Napier on inflation, capital cycles and the future (1:19 hours)
Mike Green explains why he thinks WWIII has already begun (1:11 hours)
Jim Chanos is bearish REITs and high-flying tech stocks (1:16 hours)
Jim Rogers on the US Dollar, gold and commodities (53 mins)
Nikkei Asia Stream on how COVID-19 is spreading throughout Asia (38 mins)
(Largest new programs as % of the market cap; min market cap: US$50m)
CARsgen Therapeutics (10.9%) (2171 HK — US$829 million)
Longfor Group (10.5%) (960 HK — US$30 billion)
Acotec Scientific (10.4%) (6669 HK — US$254 million)
Semk Holdings (10.3%) (2250 HK — US$222 million)
China Meidong Auto (10.3%) (1268 HK — US$4.1 billion)
(Largest over past 7 days; min market cap: US$50m)
Communication Cable System: US$5.7 million (CCSI IJ — US$64 million)
SK Networks: US$0.9 million (001740 KS — US$972 million)
Kingboard Holdings: US$0.5 million (148 HK — US$5.1 billion)
Perak Transit: US$0.1 million (PERAK MK — US$94 million)
ABS-CBN: US$0.1 million (ABS PM — US$223 million)
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What about Malaysia and palm oil? The Ringgit has just taken a huge dump - it was steady at around 4.18ish and now its 4.35 supposedly on FED concerns and the Yuan (most things are actually imported - including many supermarket items) - maybe the palm oil announcement has stopped the slide:
Public Investment Bank: Malaysia to benefit from Indonesia’s palm oil export ban, CPO prices likely to rise
Plantation stocks top gainers on Bursa after Indonesia banned palm oil exports