$SDG (5285.MY)$
#Steady growth is better than rapid growth.
In the past few weeks, sentiment in the Malaysian stock market has been low, and now everyone is focused on the USA presidential election. However, with CPO prices breaking a two-year high, the long-forgotten planting stocks are once again attracting hot money.
In the first half of 2022, the planting industry sector was driven by the Russia-Ukraine war, leading to historically high CPO prices boosting palm oil stocks. Unfortunately, the cycle was very short-lived, rising for two quarters before entering a decline. In 2023, the planting industry sector's profits declined year-on-year, and planting stocks are in a consolidation period.
In the first half of 2024, many high-quality planting stocks have achieved year-on-year profit growth. Combined with Indonesia's declining production capacity due to weather issues, the Indonesian government is promoting B35 diesel while moving towards B40 in 2025.
Global palm oil inventory is at a 3-year low, supported by various factors pushing CPO prices to break through a 2-year high. However, palm oil prices rising too quickly may not be a good thing; when the Malaysian Ringgit rose too fast before, the pullback was severe.
For the planting industry, assuming that the CPO price can stabilize at RM4,500 or above, a gradual rise would be healthier. The planting area in Malaysia is limited to 6.5 million hectares, so increasing production efficiency and enhancing automation to reduce reliance on foreign labor is urgent.
In recent years, palm oil production capacity has reached a bottleneck, while demand for palm oil production capacity is gradually increasing, which is bullish for the palm oil sector. However, various challenges such as eco-friendly issues, minimum wages, fertilizer transportation...

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures were lower in early morning trading Monday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve's easy monetary policy.
- Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history.“For those wondering, I will pay over $11 billion in taxes this year,” the Tesla CEO tweeted on Monday.
Market Snapshot
Stock futures were lower in early morning trading Monday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve's easy monetary policy.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ dropped 433 points, or 1.29%. $S&P 500 Index (.SPX.US)$ futures dipped 1.38% and $NASDAQ 100 Index (.NDX.US)$ futures declined 1.59%.
Market Temperature
Read more: Market Temperature (12/20)
Top News
Stock futures, oil prices slump on Omicron curbs
U.S. stock futures, oil prices and bond yields fell as investors worried that a rise in Omicron Covid-19 cases would stall economic growth and add pressure to inflation.
Economy week ahead: housing, consumers, inflation
Data due this week will likely show that core inflation rose at the fastest annual pace in almost four decades in November.
Businesses seek to delay tax rise that funds Biden spending plan
Honeywell, GE, Boeing and other large companies are launching a late lobbying blitz to persuade centrist Democratic senators that implementing a global minimum tax too soon would hurt U.S.-based multinationals.
Inflation adds to cost of clean energy transition
Energy companies have to spend more to build solar and wind farms for the first time in years because of cost inflation and supply-chain problems, adding a financial speed bump to the switch from fossil fuels.
Disney and YouTube reach deal, ending blackout
The agreement ends a brief blackout that began at the stroke of midnight Saturday after the carriage contract between the two companies expired. $Disney (DIS.US)$ $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$
Nike buys into NFTs
$Nike (NKE.US)$ is the latest brand to jump into the emerging world of nonfungible tokens, betting sneaker collectors will want to invest in virtual footwear.
'Spider-Man: No Way Home' swoops in with a pandemic-record opening
The latest Spider-Man movie opened to $253 million at the box office this weekend, defying industry expectations. $AMC Entertainment (AMC.US)$
Read More
Adidas 'Into the Metaverse' NFT drop sells out, nets $23.5 million
Crypto attracts more money in 2021 than all previous years combined
Coach gives a little festive love with first NFT collection
ARKK is tracking the Dot-com bubble's movement
Elon Musk has an Asian twin?
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

Reading more: Enhancing value stocks for 2022? Wall Street say don't just focus on S&P 500
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$S&P 500 Index (.SPX.US)$

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