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Saturday, February 3, 2018

US rig count - 946

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. fell by one this week to 946.
That exceeds the 729 rigs that were active this time a year ago.
Houston oilfield services company Baker Hughes reported Friday that 765 rigs drilled for oil this week and 181 for gas.
Among major oil- and gas-producing states, Colorado increased by two and North Dakotaand Ohio each gained one.
Wyoming lost three rigs and Louisiana and Texas each decreased by one.
AlaskaArkansasCaliforniaNew MexicoOklahomaPennsylvaniaUtah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Genetic testing must NEVER be allowed for insurer!

http://www.businesstimes.com.sg/brunch/the-future-of-insurance?xtor=EREC-16-1%5BBT_Newsletter_1%5D-%5B20180203%5D-%5BThe+future+of+insurance%5D&xts=538380

We must never allow genetic testing for the insurer because the basis for the insurance business should be based on chance rather than selection between good genes and bad genes.

Let me put forth a simple analogy.  An accident happens by chance but bad genes with health problems happen with certainty.  We must not let genetic testing become a standard practice in the insurance industry because people with bad genes will be penalized and this practice will only improve the profitability of the insurance companies.  In the future, all insurance payouts will only be for accident-related incidents because of selections based on genetic testing.


Friday, February 2, 2018

It seems that SGX is kicked out of the Aramco IPO race.

https://www.channelnewsasia.com/news/business/in-aramco-ipo--china-talks-crucial-for-choice-of-listing-venue--sources-9917622

Saudi didn't talk to Singapore at all except China, Japan & SK.

We stated previously that SGX won't stand a chance.  However, the CEO was being too unrealistic and optimistic about his goal and he showed his naivety in his analysis.

When a CEO doesn't understand the capital market, SGX will deteriorate under his helm.

http://sg-stock.blogspot.sg/2017/10/is-sgx-being-too-optimistic-or-naive-in.html

MM2 Asia - Stock calls


Date Analyst Company Last Target Call Valuation
01/06/16 DBS Vickers MM2 Asia 0.77 1.05 Buy PER19x
01/12/16 UOB Kay Hian MM2 Asia 0.745 1.01 Buy
02/05/16 DBS Vickers MM2 Asia 0.71 1.05 Buy
02/10/16 UOB Kay Hian MM2 Asia 0.72 1.01 Buy PER20.3x FY17
03/08/16 DBS Vickers MM2 Asia 0.49 0.52 Buy
03/24/16 UOB Kay Hian MM2 Asia 0.54 0.64 Buy PER22.3x
03/28/16 DBS Vickers MM2 Asia 0.52 0.63 Buy PER20x FY17
04/01/16 UOB Kay Hian MM2 Asia 0.535 0.64 Buy
05/10/16 CIMB MM2 Asia 0.54 0.7 Add PER22x CY17
05/25/16 DBS Vickers MM2 Asia 0.58 0.75 Buy
05/26/16 CIMB MM2 Asia 0.62 0.73 Add PER22x CY17
05/26/16 UOB Kay Hian MM2 Asia 0.62 0.74 Buy
06/10/16 DBS Vickers MM2 Asia 0.67 0.75 Buy PER22x FY17
06/13/16 CIMB MM2 Asia 0.7 0.73 Hold PER22x CY17
07/01/16 DBS Vickers MM2 Asia 0.69 0.83 Buy
08/01/16 CIMB MM2 Asia 0.66 0.73 Hold PER22x CY17
08/25/16 CIMB MM2 Asia 0.705 0.84 Add PER22x CY17
09/13/16 DBS Vickers MM2 Asia 0.77 0.95 Buy PER24x FY17
09/14/16 UOB Kay Hian MM2 Asia 0.78 0.74 Buy
11/09/16 CIMB MM2 Asia 0.465 0.52 Add PER22x CY18
11/10/16 DBS Vickers MM2 Asia 0.465 0.56 Buy PER24x FY18, Ex 1-for-1 stock split
12/15/16 DBS Vickers MM2 Asia 0.42 0.56 Buy PER24x FY18
01/11/17 DBS Vickers MM2 Asia 0.49 0.56 Buy
04/07/17 CIMB MM2 Asia 0.5 0.6 Add Sum of parts, PER22.6x FY18
04/13/17 DBS Vickers MM2 Asia 0.5 0.63 Buy Sum of parts
05/23/17 DBS Vickers MM2 Asia 0.575 0.63 Buy Sum of parts
05/24/17 DBS Vickers MM2 Asia 0.585 0.7 Buy Sum of parts
05/25/17 CIMB MM2 Asia 0.585 0.65 Add Sum of parts
06/14/17 CIMB MM2 Asia 0.62 0.72 Add Sum of parts
06/14/17 DBS Vickers MM2 Asia 0.62 0.7 Buy
07/20/17 DBS Vickers MM2 Asia 0.59 0.75 Buy Sum of parts
07/25/17 CIMB MM2 Asia 0.525 0.58 Hold Sum of parts
08/14/17 DBS Vickers MM2 Asia 0.465 0.6 Buy Sum of parts
08/17/17 CIMB MM2 Asia 0.475 0.58 Add Sum of parts
11/02/17 DBS Vickers MM2 Asia 0.58 0.73 Buy Sum of parts
11/06/17 CIMB MM2 Asia 0.55 0.76 Add Sum of parts
12/20/17 CIMB MM2 Asia 0.52 0.76 Add
01/05/18 DBS Vickers MM2 Asia 0.545 0.73 Buy

MIT - Stock calls


Date Analyst Company Last Target Call Valuation
08/03/17 Kim Eng MIT 0.245 0.32 Not Rated PB1.6x
11/22/17 Lim & Tan MIT 0.245 0.32 Buy PER8x FY18
01/03/18 Lim & Tan MIT 0.26 0 Buy

Stock calls for 2 February 2018


Date Analyst Company Last Target Call Valuation
02/02/18 CIMB AEM 4.97 6.62 Add PER10x CY19
02/02/18 Kim Eng AIMS AMP Cap Ind Reit 1.37 1.5 Buy
02/02/18 Lim & Tan Ascendas Hospitality Trust 0.895 0 Hold
02/02/18 phillip Cache Logistics 0.88 0.93 Accumulate DDM
02/02/18 OCBC Cache Logistics 0.88 0.85 Hold
02/02/18 DMG & Partners Cache Logistics 0.88 0.98 Buy DDM
02/02/18 Kim Eng Cache Logistics 0.88 0.95 Buy
02/02/18 CIMB Cache Logistics 0.88 0.88 Hold
02/02/18 Phillip CapitaRetail China 1.67 1.66 Neutral DDM, PB1.02x
02/02/18 OCBC Comfortdelgro 2.15 2.12 Hold
02/02/18 UOB Kay Hian DBS 26.61 28.38 Buy
02/02/18 CIMB Guocoland 2.25 2.88 Add RNAV (25% discount)
02/02/18 Deutsche Keppel Corp 8.7 8.4 Hold
02/02/18 Deutsche Sembcorp Marine 2.57 2.9 Buy
02/02/18 OCBC Singapore Post 1.3 1.26 Hold
02/02/18 CIMB Yongnam 0.35 0.53 Add PB0.8x FY18

Another setback for Noble Group.

https://sg.finance.yahoo.com/news/noble-group-says-proposed-deals-sell-four-ships-033536957--sector.html

Noble Group is finding it difficult to sell its assets as buyers are getting wary of Noble.

Why are buyers getting wary of Noble?

More bad news for Bitcoin!

https://sg.news.yahoo.com/bitcoin-plunges-20-japan-fearing-inspection-043203511.html

Bitcoin price has dropped to $8,000 now.

Let's see how Bitcoin will react to the G20 summit in March 2018.

India to ban cryptocurrency! Another setback for bitcoin!

https://finance.yahoo.com/news/bitcoin-skids-lowest-since-november-124450120.html

Besides merchants dumping bitcoin payment system, governments are also banning crypto trading.

Do you still believe in crypto?

Thursday, February 1, 2018

USA aegis missile defence system failed to intercept an incoming hostile missile.

https://sg.news.yahoo.com/missile-test-fail-u-unable-091712478.html

The effectiveness of the USA missile defence system is overstated by the USA.  The latest test showed that the Aegis defence system failed to intercept a simple incoming missile.  If the missile carries multiple warheads, the Aegis cannot protect the country at all.

Midas - Stock calls


Date Analyst Company Last Target Call Valuation
01/20/16 OCBC Midas 0.27 0.29 Hold
02/04/16 DBS Vickers Midas 0.25 0.49 Buy
03/02/16 DBS Vickers Midas 0.265 0.41 Buy PB0.8x FY16
03/04/16 OCBC Midas 0.275 0.295 Hold PB0.55x FY16
05/16/16 OCBC Midas 0.265 0.295 Hold
08/15/16 OCBC Midas 0.24 0.25 Hold PB0.5x FY16
08/16/16 DBS Vickers Midas 0.24 0.38 Buy PB0.8x FY16
11/18/16 DBS Vickers Midas 0.225 0.38 Buy PB0.8x
11/24/16 OCBC Midas 0.225 0.245 Hold PB0.5x FY17
03/01/17 OCBC Midas 0.26 0.255 Hold PB0.6x FY17
03/02/17 DBS Vickers Midas 0.245 0.36 Buy
04/10/17 DBS Vickers Midas 0.225 0.36 Buy
04/11/17 OCBC Midas 0.23 0.255 Hold
05/18/17 OCBC Midas 0.225 0.245 Hold PB0.6x FY17
05/23/17 DBS Vickers Midas 0.225 0.36 Buy
08/16/17 OCBC Midas 0.215 0.225 Hold PB0.5x FY17
08/16/17 DBS Vickers Midas 0.215 0.36 Buy PB0.8x
11/14/17 OCBC Midas 0.215 0.225 Hold

Micro-Mechanics - Stock calls


Date Analyst Company Last Target Call Percent Valuation
09/22/17 Phillip Micro-Mechanics 1.545 2 Buy 29.45 PER15x FY18
10/31/17 Phillip Micro-Mechanics 2.03 2.5 Buy 23.15 PER16x FY18
01/31/18 Phillip Micro-Mechanics 2.35 2.5 Accumulate 6.38

Stock calls for 1 February 2018


Date Analyst Company Last Target Call Valuation
02/01/18 Lim & Tan AIMS AMP Cap Ind Reit 1.37 0 Hold
02/01/18 DBS Vickers CapitaRetail China 1.69 1.8 Buy DCF
02/01/18 OCBC CapitaRetail China 1.69 1.66 Hold
02/01/18 DBS Vickers Chip Eng Seng 1.01 1.18 Buy
02/01/18 OCBC DBS 26.4 29.5 Buy PB1.45x FY18
02/01/18 CIMB OUE Commercial 0.75 0.75 Hold DDM
02/01/18 OCBC OUE Commercial 0.75 0.69 Hold
02/01/18 UOB Kay Hian Thai Beverage 0.92 1.06 Buy Sum of parts

Another merchant has dumped bitcoin payment system.

https://www.coindesk.com/stripe-to-end-support-for-bitcoin-transactions/

Stripe will end bitcoin payment system after Steam.

We've stated on numerous occasions that bitcoin is impractical to be used for transactions.

http://sg-stock.blogspot.sg/2017/12/how-practical-and-useful-is-bitcoin.html

When people don't use bitcoin but only speculate in bitcoin, there is no real value in bitcoin.

Wednesday, January 31, 2018

Metro - Stock calls


Date Analyst Company Last Target Call Valuation
05/26/16 Lim & Tan Metro 1.09 0 Hold
10/12/16 Lim & Tan Metro 1.01 0 Hold
05/30/17 Lim & Tan Metro 1.17 0 Hold

Mermaid Maritime - Stock calls


Date Analyst Company Last Target Call Valuation
02/17/16 DBS Vickers Mermaid Maritime 0.116 0.09 Fully Valued PB0.2x FY16
03/01/16 DBS Vickers Mermaid Maritime 0.104 0.09 Fully Valued
05/25/16 DBS Vickers Mermaid Maritime 0.102 0.09 Fully Valued
06/10/16 CIMB Mermaid Maritime 0.122 0.16 Add PB0.5x FY16
09/30/16 CIMB Mermaid Maritime 0.102 0.16 Add
10/21/16 CIMB Mermaid Maritime 0.103 0.16 Add PB0.5x FY16
11/16/16 CIMB Mermaid Maritime 0.119 0.17 Add PB0.5x FY17
11/16/16 DBS Vickers Mermaid Maritime 0.119 0.12 Hold PB0.35x FY17
12/05/16 CIMB Mermaid Maritime 0.145 0.17 Add PB0.5x FY17
12/05/16 DBS Vickers Mermaid Maritime 0.145 0.14 Hold
01/03/17 CIMB Mermaid Maritime 0.15 0.24 Add PB0.65x CY17
01/09/17 DBS Vickers Mermaid Maritime 0.195 0.24 Buy PB0.7x FY17
03/02/17 CIMB Mermaid Maritime 0.2 0.28 Add PB0.77x FY17
03/02/17 DBS Vickers Mermaid Maritime 0.2 0.25 Buy DCF & PER0.7x
05/17/17 CIMB Mermaid Maritime 0.18 0.19 Hold PB0.56x FY17
05/17/17 DBS Vickers Mermaid Maritime 0.18 0.2 Hold Sum of parts
08/18/17 CIMB Mermaid Maritime 0.143 0.14 Reduce PB0.4x FY17
08/18/17 DBS Vickers Mermaid Maritime 0.143 0.14 Hold PB0.6x
09/14/17 CIMB Mermaid Maritime 0.126 0.14 Reduce
11/16/17 CIMB Mermaid Maritime 0.138 0.14 Reduce PB0.4x CY17
11/17/17 DBS Vickers Mermaid Maritime 0.138 0.14 Hold PB0.6x
01/12/18 CIMB Mermaid Maritime 0.139 0.14 Hold PB0.43x CY18
01/23/18 DBS Vickers Mermaid Maritime 0.155 0.14 Hold

Stock calls for 31 January 2018


Date Analyst Company Last Target Call Valuation
01/31/18 DBS Vickers China Aviation Oil 1.65 2.08 Buy PER13x FY18
01/31/18 Phillip Micro-Mechanics 2.35 2.5 Accumulate
01/31/18 DBS Vickers OUE Hospitality 0.885 0.93 Buy DCF
01/31/18 Lim & Tan OUE Hospitality 0.885 0 Hold

Taiwanese ex-judge was caught selling coal for North Korea!

http://www.taipeitimes.com/News/front/archives/2018/01/31/2003686741

After a Taiwanese businessman was caught selling oil to North Korea in international water, another Taiwanese ex-judge was caught selling coal for North Korea to Vietnam.

We know now that Vietnam has been buying North Korea's coal for a long time.  How will the USA deal with Taiwan & Vietnam?

Let's see.



Indian man raped an 8-month old baby!

https://sg.news.yahoo.com/outcry-india-eight-month-old-baby-girl-raped-cousin-094544449.html

Indian men are just beasts!

They can get sexually excited easily when they see babies and women.

https://sg-stock.blogspot.sg/2017/11/indian-man-raped-18-month-toddler.html

https://sg-stock.blogspot.sg/2017/02/visit-india-at-your-own-risk.html

https://sg-stock.blogspot.sg/2017/10/here-we-go-again-indian-man-raped-woman.html

Bitcoin encourages illegal money transfers.

https://finance.yahoo.com/news/south-korea-says-uncovered-600-million-cryptocurrency-crimes-024544384--business.html

This kind of illegal money transfer will prompt the Korean government to do more to ban crypto trading because bitcoin will disrupt monetary policies such as capital control in times of economic downturns.

We've stated this a couple of times.

http://sg-stock.blogspot.sg/2017/09/china-has-made-decision-to-shut-down.html