I read an article yesterday in which the author shares the classification of Singapore Commodities stocks here. According to the author, there are three classes of commodities stocks here. First, we have the supply chain stocks like Wilmar, Olam and Noble. Second, we have the plantation stocks like Golden Agriculture, Bumitama, etc. Third, we have the MOG (Metals, Oils and Gases) stocks like Lion Gold and Kris Energy. As I read the three groupings I could not help but think that the risks of the stocks also varies as we go from one group to the other. First the risks are smaller for the first integrated supply chains as normally they are quite well-diversified in terms of product and geographical coverage. Second for plantation stocks, the risks are that there is only (more often than not) one single-product product like crude palm oil which means that the risks are not ......
