In today’s briefing:
- Heartening Rubber Production Figures For Malaysia In 2024
- OPEC Keeps Oil Demand Forecasts Steady While the EIA and IEA Raise Outlook for 2025
- CX Daily: Meituan Hopes Middle East Expansion Will Deliver Growth
- Here’s What To Expect From S&P 500 Returns Over The Next Decade.
- Asian Equities: Which Sectors Could Suffer when Indian Domestics Sell?
- WTR Small-Cap Spotlight Recap – PERFectly Set Up to Reaccelerate Growth
Heartening Rubber Production Figures For Malaysia In 2024
- Year-on-year increase of 11.06% in NR production in 2024
- Ivory Coast once again upstages Thailand in imports
- Seed collection and sales to nurseries turn revenue spinner for smallholders
OPEC Keeps Oil Demand Forecasts Steady While the EIA and IEA Raise Outlook for 2025
- OPEC kept its 2025 and 2026 oil demand growth forecasts steady, while EIA and IEA raised their estimates for 2025 by 3% and 4.8%, respectively.
- EIA sees India leading oil demand growth, with consumption rising 0.3m bpd in 2025 and 2026, while China’s demand is expected to increase by 0.2m bpd over the same period.
- Among the nine OPEC members with quotas, production fell 107k bpd MoM to 21.23m bpd, just below the 21.24m bpd target. Saudi Arabia led the decline in output.
CX Daily: Meituan Hopes Middle East Expansion Will Deliver Growth
- Meituan / In Depth: Meituan hopes Middle East expansion will deliver growth
- Central bank /: PBOC’s Pan says reform of IMF quota system ‘critical’
- Bankruptcy /Interview: time is right for China to fix personal bankruptcy legal omission, expert says
Here’s What To Expect From S&P 500 Returns Over The Next Decade.
- The past decade made investing look easy – 13% returns per year from the S&P 500. But the next ten years are shaping up to be a whole different story.
- Even if you make some pretty optimistic assumptions, US stocks are likely to return a mere 5% per year, with risks tilted to the downside.
- Using a structured process, identified scenarios based on the three key forces that drive long-term stock returns: dividend, earnings growth, and changes in valuations.
Asian Equities: Which Sectors Could Suffer when Indian Domestics Sell?
- Since October, FIIs have sold US$24.2 bn Indian stocks. DIIs have bought US$36bn. The market has been supported by the latter, benefitting from steady SIPs – now at US$3bn monthly.
- India households’ historical under-ownership of equities and the steady decline in interest rates and returns from property turned domestic investors towards equity. With Indian equities declining steadily, that could change.
- Looking at DIIs’ sector-wise ownership, we think if domestic MFs are forced to sell, then industrials, consumer discretionary, materials and to a lesser extent, financials could be at risk.
WTR Small-Cap Spotlight Recap – PERFectly Set Up to Reaccelerate Growth
- Perfect is a software company focused on bringing an omnichannel experience for enterprises and consumers within the broader beauty space.
- The company has 708 brand clients (up 3% Y/Y) and ~977k subscribers (up 17% Y/Y) as customers.
- Although top-line growth slowed to ~11% from 16% at IPO in late 2022, Perfect is FCF positive, has more than $160 million in cash, zero debt, and is trading at ~3.4x 2025E revenue.
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