Tuesday, August 15, 2017
Noble group credit rating got downgraded again by S&P and Moody's!
https://www.bloomberg.com/news/articles/2017-08-14/noble-group-facing-higher-risk-of-default-s-p-and-moody-s-say?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
OMG! The default risk is real....very real!
This is the reason that Noble group got downgraded again.
We're also very negative about Noble group.
Please read our previous postings on Noble group.
OMG! The default risk is real....very real!
This is the reason that Noble group got downgraded again.
We're also very negative about Noble group.
Please read our previous postings on Noble group.
North Korea had declared that it would fire 4 missiles in mid august 2017.
http://edition.cnn.com/2017/08/09/politics/north-korea-considering-near-guam-strike/index.html
North Korea had detailed a military plan to fire 4 missiles at a region near Guam in mid August 2017.
Let's see whether North Korea will follow through with its military plan.
North Korea had detailed a military plan to fire 4 missiles at a region near Guam in mid August 2017.
Let's see whether North Korea will follow through with its military plan.
Monday, August 14, 2017
Saturday, August 12, 2017
Watch how China foreign minister lectured Japan foreign minister!
OMG! China women swat members are as good as our commandos.
Reuters produced fake news!
http://en.people.cn/n3/2017/0811/c90883-9253911.html
So many reputable news agencies created fake news this year! CNN, AFP, Reuters, etc.
This is not the way to increase readership and serve your own political agenda!
So many reputable news agencies created fake news this year! CNN, AFP, Reuters, etc.
This is not the way to increase readership and serve your own political agenda!
The USA is playing the FON theme again!
http://en.people.cn/n3/2017/0811/c90883-9254167.html
What's the point of intruding and getting chased away? If the USA was really in international water, it should stand on its ground. However, the USA destroyer got chased away. This FON is just a pseudo theme for provocation.
When will the USA stop the cat and mouse again!
What's the point of intruding and getting chased away? If the USA was really in international water, it should stand on its ground. However, the USA destroyer got chased away. This FON is just a pseudo theme for provocation.
When will the USA stop the cat and mouse again!
China military leads in International Army Games 2017.
Going to a war with China is asking for annihilation.
Baltic dry index - 1138
Today, Friday, August 11 2017, the Baltic Dry Index climbed by 46 points, reaching 1138 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
========================
Related stocks: Sembcorp Marine, Cosco & Pan Ocean
US rig count - 949
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by five this week to 949.
A year ago, just 481 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 768 rigs sought oil and 181 explored for natural gas this week.
Among major oil- and gas-producing states, California and New Mexico each increased by one rig.
Texas lost seven rigs and Louisiana decreased by one.
Alaska, Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
=====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, August 11, 2017
Malaysia warns Singapore about its ringgit futures trading.
http://www.channelnewsasia.com/news/singapore/malaysia-s-central-bank-criticises-sgx-s-trading-of-ringgit-9112900
Since SG is a financial hub, SG is able to influence the ringgit movement if the ringgit futures is left unchecked when the trading becomes popular.
Malaysia central bank doesn't want Singapore to affect the ringgit movement. No wonder Malaysia sent out a message that China radar system would be placed in JB.
We did mention in one of our posts that Malaysia won't be accommodative towards SG because it had China support. Look like Malaysia is getting tough on Singapore now. I wonder how Malaysia will punish SG if SG refuses to stop the trading of ringgit futures.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Since SG is a financial hub, SG is able to influence the ringgit movement if the ringgit futures is left unchecked when the trading becomes popular.
Malaysia central bank doesn't want Singapore to affect the ringgit movement. No wonder Malaysia sent out a message that China radar system would be placed in JB.
We did mention in one of our posts that Malaysia won't be accommodative towards SG because it had China support. Look like Malaysia is getting tough on Singapore now. I wonder how Malaysia will punish SG if SG refuses to stop the trading of ringgit futures.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Singapore economy is growing strongly.
https://sg.finance.yahoo.com/news/singapore-economy-grows-much-stronger-011839959.html
Our economy grew 2.9% in the 2nd quarter year on year. Hooray!
Wait....How come we don't feel the good economic growth?
Well, let's look at the GDP composition.
GDP = G + I + C + Net Export (X - M)
G= Government spending
I = Investments (FDI)
C = Consumption
Net Ex = X - M, Export - Import
GIC will impact Singaporeans more directly than Net Ex. Net Ex is more like trading which will result in trade surplus or trade deficit for Singapore.
Since C is a negligible component of Singapore GDP as we are a small nation with a small population, we can only rely on GI and Net Ex for boosting our GDP.
However, our good GDP growth is derived primarily from Net Ex this time. Therefore, we don't feel much impact from the good GDP figure unless you are in the trading industry.
Our economy grew 2.9% in the 2nd quarter year on year. Hooray!
Wait....How come we don't feel the good economic growth?
Well, let's look at the GDP composition.
GDP = G + I + C + Net Export (X - M)
G= Government spending
I = Investments (FDI)
C = Consumption
Net Ex = X - M, Export - Import
GIC will impact Singaporeans more directly than Net Ex. Net Ex is more like trading which will result in trade surplus or trade deficit for Singapore.
Since C is a negligible component of Singapore GDP as we are a small nation with a small population, we can only rely on GI and Net Ex for boosting our GDP.
However, our good GDP growth is derived primarily from Net Ex this time. Therefore, we don't feel much impact from the good GDP figure unless you are in the trading industry.
Noble financial update!
https://finance.yahoo.com/news/noble-group-reports-1-75-121909015.html
Here's a synopsis of Noble's financial health:
Noble reported a net loss of $1.9b in the first half of 2017.
Noble reported net debt increased by $900m (at $3.8b) in the first half of 2017.
Noble wrote down $1.3b in the first half of 2017.
Noble has a $2b credit facility expiring in Oct 2017.
The last leg to fall will be a liquidity squeeze caused by an increase in commodity prices. Noble will have to put up more money to buy commodities when the prices rise just to maintain the same profit margin. This will make Noble keel over.
Here's a synopsis of Noble's financial health:
Noble reported a net loss of $1.9b in the first half of 2017.
Noble reported net debt increased by $900m (at $3.8b) in the first half of 2017.
Noble wrote down $1.3b in the first half of 2017.
Noble has a $2b credit facility expiring in Oct 2017.
The last leg to fall will be a liquidity squeeze caused by an increase in commodity prices. Noble will have to put up more money to buy commodities when the prices rise just to maintain the same profit margin. This will make Noble keel over.
Thursday, August 10, 2017
China has 100% secured communication now!
https://sg.finance.yahoo.com/news/china-uses-quantum-satellite-transmit-085800014.html
100% secured communication is very important especially during wartime. A secured communication will greatly improve the odds of winning in a war because enemies won't know your strategies and deployments.
It will also be good if we can use it for financial payment system because nobody can hack it.
100% secured communication is very important especially during wartime. A secured communication will greatly improve the odds of winning in a war because enemies won't know your strategies and deployments.
It will also be good if we can use it for financial payment system because nobody can hack it.
Philippine slams outside interference in South China Sea dispute.
http://en.people.cn/n3/2017/0809/c90000-9253229.html
Philippine is the claimant but USA, Japan and Australia want Philippine to enforce the PCA ruling.
What a joke!
Australia, do you want to abide by the PCA ruling against Australia before you call on others to abide it?
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Philippine is the claimant but USA, Japan and Australia want Philippine to enforce the PCA ruling.
What a joke!
Australia, do you want to abide by the PCA ruling against Australia before you call on others to abide it?
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Malaysia is using China radar to monitor Singapore.
http://www.todayonline.com/world/asia/china-offer-malaysia-radar-rocket-launchers-based-johor?cid=emarsys-today_TODAY%27s+morning+briefing+for+August+10%2C+2017_newsletter_10082017_today
The multiple rocket launchers' radar system has a range of 220km which will cover more than the whole of Singapore. This will monitor our military activities especially the USA navy based in Singapore.
Is our relationship with Malaysia going south?
The multiple rocket launchers' radar system has a range of 220km which will cover more than the whole of Singapore. This will monitor our military activities especially the USA navy based in Singapore.
Is our relationship with Malaysia going south?
Malaysia has scored another milestone achievement with China.
http://www.businesstimes.com.sg/government-economy/hard-pedalling-soft-power-china-helps-launch-us13b-belt-and-road-rail-project-in
Malaysia is really BOLEH!
Malaysia is improving by leaps and bounds now. It is having autonomous trains and is deeply involved in the BRI.
http://sg-stock.blogspot.sg/2017/08/wow-malaysia-will-have-autonomous.html
What has Singapore achieved so far? No deal above $10b with China.
It is really eye soring to see our neighbour progressing so well. Malaysia will overtake SG in on time.
Malaysia is improving by leaps and bounds now. It is having autonomous trains and is deeply involved in the BRI.
http://sg-stock.blogspot.sg/2017/08/wow-malaysia-will-have-autonomous.html
What has Singapore achieved so far? No deal above $10b with China.
It is really eye soring to see our neighbour progressing so well. Malaysia will overtake SG in on time.
Iceberg felt vindicated after Noble's writedown.
https://sg.finance.yahoo.com/news/noble-apos-giant-writedown-proves-102127119.html
Well, one cannot hide the truth forever. You can lie to a few people some time and you can lie to most people most of the time but you cannot lie to all the people all the time.
Well, one cannot hide the truth forever. You can lie to a few people some time and you can lie to most people most of the time but you cannot lie to all the people all the time.
Wednesday, August 9, 2017
China-India border war may start within 2 weeks time.
There is a rumour that Chinese businessmen are leaving India now. This is one of the indicators that a war will break out soon. China is warning Chinese businessmen to leave India so that they won't be held as hostages in a war break out.
Our PM Lee's national speech is worrisome!
https://sg.news.yahoo.com/pm-lee-hsien-loong-highlights-three-long-term-issues-singapore-tackle-123500869.html
This shows that he cannot bring Singapore forward anymore because he should give Singapore something to look forward but instead he's dwelling on something less grandeur. Maybe he would like to be a sociologist after his retirement.....sigh!
This shows that he cannot bring Singapore forward anymore because he should give Singapore something to look forward but instead he's dwelling on something less grandeur. Maybe he would like to be a sociologist after his retirement.....sigh!
Ship can sail through Arctic now!
We posted about this new Arctic shipping route previously.
http://sg-stock.blogspot.sg/2017/04/new-arctic-shipping-route.html
Tuesday, August 8, 2017
China has an implicit message for USA.
https://sg.news.yahoo.com/china-holds-wargames-north-korea-tensions-spike-061206844.html
This war game is to send an implicit message to the USA that yellow sea is out of bound for the USA if USA wants to attack NK.
This war game is to send an implicit message to the USA that yellow sea is out of bound for the USA if USA wants to attack NK.
South Korea is punishing Japan for its WW2 atrocities.
https://sg.news.yahoo.com/korean-court-orders-japans-mitsubishi-pay-over-war-051843656.html
Although WW2 has ended 70 years already, South Korea still cannot forgive and forget the atrocities committed by Japan because of Japan's denial. In this sense, China is more forgiving towards Japan despite the Nanjing Massacres.
Although WW2 has ended 70 years already, South Korea still cannot forgive and forget the atrocities committed by Japan because of Japan's denial. In this sense, China is more forgiving towards Japan despite the Nanjing Massacres.
There are sea lices in the sea. Beware when you wanna swim in the sea.
Economic 101 - Don't let the unemployment rate fool you!
In a perfect world, high economic growth will have low unemployment rate and low economic growth will have high unemployment rate. However, we do not live in a perfect world and there is a paradox in every theory. Therefore, we can have a low economic growth and a rising unemployment rate in an economy like Singapore. Rising unemployment rate seems like a benign factor in this case. How true is this?
The paradox arises from the definition of being unemployed. An unemployed person is considered unemployed if he is actively looking for a job but cannot get a job within 6 months. Thereafter, he is no longer considered unemployed because he will be categorized as out of the labour force as his interest in finding a job has disappeared after 6 months.
The labour force consists of employed and unemployed persons (Employed + Unemployed).
The calculation of the unemployment rate:
Unemployment rate = No. of unemployed / labour force
Let's exemplify the paradox with some examples.
Example A:
Labour force = 100 persons (Employed + Unemployed)
Employed = 95
Unemployed = 5
Unemployment rate = 5/100 = 5%
Example B;
Let's say 1 person cannot find a job in 6 months after actively looking for a job and he is considered to be out of the labour force. Therefore, the following will change.
Labour force = 99 (1 is out of the labour force)
Employed = 95 (remain constant)
Unemployed = 4 (1 is out of the unemployed because he is out of the labour force)
Unemployment rate = 4/99 = 4%
As you can see, the number of employed persons is the same (95) in both examples but the unemployment rate has improved from 5% to 4%. This happens without any improvement in the economic growth and the government can claim credit for lowering the unemployment rate by doing nothing.
Therefore, when you read any unemployment rate figure, please remember to look at the details and not just the headline number which can be very misleading.
The paradox arises from the definition of being unemployed. An unemployed person is considered unemployed if he is actively looking for a job but cannot get a job within 6 months. Thereafter, he is no longer considered unemployed because he will be categorized as out of the labour force as his interest in finding a job has disappeared after 6 months.
The labour force consists of employed and unemployed persons (Employed + Unemployed).
The calculation of the unemployment rate:
Unemployment rate = No. of unemployed / labour force
Let's exemplify the paradox with some examples.
Example A:
Labour force = 100 persons (Employed + Unemployed)
Employed = 95
Unemployed = 5
Unemployment rate = 5/100 = 5%
Example B;
Let's say 1 person cannot find a job in 6 months after actively looking for a job and he is considered to be out of the labour force. Therefore, the following will change.
Labour force = 99 (1 is out of the labour force)
Employed = 95 (remain constant)
Unemployed = 4 (1 is out of the unemployed because he is out of the labour force)
Unemployment rate = 4/99 = 4%
As you can see, the number of employed persons is the same (95) in both examples but the unemployment rate has improved from 5% to 4%. This happens without any improvement in the economic growth and the government can claim credit for lowering the unemployment rate by doing nothing.
Therefore, when you read any unemployment rate figure, please remember to look at the details and not just the headline number which can be very misleading.
Monday, August 7, 2017
OMG! Thailand is seriously considering the development of Kra Canal and the Thais are very supportive of this project.
https://asia.nikkei.com/Politics-Economy/Economy/Influential-Thais-in-push-for-Kra-Canal-project?page=1
https://asia.nikkei.com/Politics-Economy/Economy/Influential-Thais-in-push-for-Kra-Canal-project?page=2
The Thais are supportive of the development of Kra Canal nowadays because of the great benefits it will bring to Thailand. This Kra Canal project will have great multiplier effects which will generate a lot of business and job opportunities. It is also easier to get funding for this huge project after the establishment of AIIB and China is extremely interested in this project. Moreover, China has both the funds and the technologies to complete this project for Thailand.
Singapore will be finished once Kra Canal is developed.
https://asia.nikkei.com/Politics-Economy/Economy/Influential-Thais-in-push-for-Kra-Canal-project?page=2
The Thais are supportive of the development of Kra Canal nowadays because of the great benefits it will bring to Thailand. This Kra Canal project will have great multiplier effects which will generate a lot of business and job opportunities. It is also easier to get funding for this huge project after the establishment of AIIB and China is extremely interested in this project. Moreover, China has both the funds and the technologies to complete this project for Thailand.
Singapore will be finished once Kra Canal is developed.
Is the US professor, Huang Jing, pro-china or anti-china?
Just look at the videos below to form your own opinion.
Huang Jing's speech on China Media.
His speech in China seemed to be in favour of China. This made sense because he would be arrested if he made anti-china remarks on China's state TV media.
However, he made a speech against China when he's not in China.
Huang Jing's speech on China Media.
However, he made a speech against China when he's not in China.
China AI tops image recognition competition!
http://en.people.cn/n3/2017/0804/c90000-9251280.html
China AIs have been winning a lot of international competitions nowadays. China will be a high technology country in no time as it progresses at such rapid speed.
China AIs have been winning a lot of international competitions nowadays. China will be a high technology country in no time as it progresses at such rapid speed.
Samsung is suffering in China.
http://en.people.cn/n3/2017/0804/c90000-9251318.html
Samsung is having sluggish sales in China because of THAAD deployment in SK.
China consumers do not want to buy Samsung S8 now because of nationalistic sentiment.
Samsung is having sluggish sales in China because of THAAD deployment in SK.
China consumers do not want to buy Samsung S8 now because of nationalistic sentiment.
AFP news agency embarked on smearing campaign again.
https://sg.news.yahoo.com/china-scores-diplomatic-coup-sea-row-150454667.html
China didn't ignore international laws but ignore a pseudo international court's ruling. PCA is a fake international court which everyone knows by now but AFP still insists that it is UN-Backed despite UN public declaration on PCA.
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Australia also ignored PCA ruling because PCA didn't have the jurisdiction to rule on international matters. The only true international court is ICJ which is under UN.
China didn't ignore international laws but ignore a pseudo international court's ruling. PCA is a fake international court which everyone knows by now but AFP still insists that it is UN-Backed despite UN public declaration on PCA.
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Australia also ignored PCA ruling because PCA didn't have the jurisdiction to rule on international matters. The only true international court is ICJ which is under UN.
Mobile phone exploded in the chest pocket could cause serious damage to your body.
Do not place mobile phone in your chest pocket or pants' pocket!
Sunday, August 6, 2017
Typhoon Noru in Japan!
Nature is angry now! We need to stop climate change or else we will suffer for our own doings.
Saturday, August 5, 2017
USA tried to subvert SG's interest!
https://sg.finance.yahoo.com/news/singapore-revokes-professor-apos-entry-113706061.html
We know that those Chinese who are anti-China will emigrate to USA. Therefore, this Chinese US citizen is definitely working under the guise of the USA to subvert our interest.
This is what we get for being USA's ally. Opps...Maybe USA doesn't regard SG as an ally but a pawn.
We know that those Chinese who are anti-China will emigrate to USA. Therefore, this Chinese US citizen is definitely working under the guise of the USA to subvert our interest.
This is what we get for being USA's ally. Opps...Maybe USA doesn't regard SG as an ally but a pawn.
OMG! Dubai's 84-storey building catches fire again!
http://edition.cnn.com/2017/08/03/middleeast/dubai-tower-fire/index.html
Fire-proof building materials are needed to prevent such fire!
AGC is taking action against Li Sheng Wu, Son of LHY.
https://sg.news.yahoo.com/agc-seeks-contempt-court-proceedings-li-shengwu-004530979.html
Sigh! LSW and his dad LHY will not want to live in SG anymore. The only one left will be LWL, sister of PM Lee, in SG. LHL is breaking up the Lee family.
Sigh! LSW and his dad LHY will not want to live in SG anymore. The only one left will be LWL, sister of PM Lee, in SG. LHL is breaking up the Lee family.
Alan Greenspan warns about the bond bubble!
https://www.cnbc.com/2017/08/04/greenspan-bond-bubble-about-to-break-because-of-abnormally-low-interest-rates.html
Yes, interest rates cannot stay low perpetually and low-interest rates will affect the financial industry especially the banking sector.
The risk-free rate is at 2.26 now and if you factor in the 2% inflation, you are virtually making no income out of buying the 10-year treasury bond. This lack of money-making opportunity forces investors to seek higher returns in riskier assets and causes bubbles in other assets.
The FED's intention is to increase interest rates gradually so that it will have ammunitions to handle the next recession. However, when the bond yields start to rise rapidly, the risk-averse investors will flock to bonds and dump riskier assets that they bought previously. This is why Alan Greenspan said that stock market would crash when the bond bubble burst.
This too-fast-too-furious event is not reflected in the mindsets of ordinary investors yet because VIX is showing great complacency among investors.
Yes, interest rates cannot stay low perpetually and low-interest rates will affect the financial industry especially the banking sector.
The risk-free rate is at 2.26 now and if you factor in the 2% inflation, you are virtually making no income out of buying the 10-year treasury bond. This lack of money-making opportunity forces investors to seek higher returns in riskier assets and causes bubbles in other assets.
The FED's intention is to increase interest rates gradually so that it will have ammunitions to handle the next recession. However, when the bond yields start to rise rapidly, the risk-averse investors will flock to bonds and dump riskier assets that they bought previously. This is why Alan Greenspan said that stock market would crash when the bond bubble burst.
This too-fast-too-furious event is not reflected in the mindsets of ordinary investors yet because VIX is showing great complacency among investors.
Baltic dry index - 1032
Today, Friday, August 04 2017, the Baltic Dry Index climbed by 9 points, reaching 1032 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
=====================
Related stocks: Sembcorp Marine, Cosco & Pan Ocean
US rig count - 954
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased
by four this week to 954.
by four this week to 954.
A year ago, just 464 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 765 rigs sought oil and 189
explored for natural gas this week.
explored for natural gas this week.
Among major oil- and gas-producing states, Texas gained four rigs and Alaska increased by one.
Louisiana declined by five rigs, Oklahoma decreased by two and New Mexico and North Dakota
were down by one apiece.
were down by one apiece.
Arkansas, California, Colorado, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were all
unchanged.
unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
=====================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, August 4, 2017
China has given India the ultimatum to leave China's border.
http://www.hindustantimes.com/india-news/chinese-social-media-abuzz-with-statements-on-doklam-standoff-warning-india-to-pull-back/story-aMXRzigv5sTkykUVus2AkN.html
We did mention in our previous post that a border war was likely to break out in August if India didn't retreat from China's border.
http://sg-stock.blogspot.sg/2017/07/china-may-attack-india-in-august-if.html
India is asking for troubles. Many Indians will die if India doesn't retreat.
We did mention in our previous post that a border war was likely to break out in August if India didn't retreat from China's border.
http://sg-stock.blogspot.sg/2017/07/china-may-attack-india-in-august-if.html
India is asking for troubles. Many Indians will die if India doesn't retreat.
Watch out for DBS's 2nd half earnings report.
http://www.businesstimes.com.sg/companies-markets/dbs-sees-more-provisions-ahead-in-oil-and-gas-portfolio
DBS is obviously not providing enough provision for its exposure to the oil and gas industry. This Indian CEO said the worst was over in Feb 2017. If the worst was already over, why would there be a need for more provision than previous guidance?
http://sg-stock.blogspot.sg/2017/02/will-ezra-affect-dbs-like-swiber-did.html
We were skeptical about its under provision because DBS was not forthcoming with its exposure to Ezra.
DBS is obviously not providing enough provision for its exposure to the oil and gas industry. This Indian CEO said the worst was over in Feb 2017. If the worst was already over, why would there be a need for more provision than previous guidance?
http://sg-stock.blogspot.sg/2017/02/will-ezra-affect-dbs-like-swiber-did.html
We were skeptical about its under provision because DBS was not forthcoming with its exposure to Ezra.
Wow! China is exporting its electricity!
http://www.reuters.com/article/us-myanmar-china-energy-idUSKBN1AK011
Besides exporting its technologies, China is also exporting its electricity to ASEAN. This will at least help some developing countries in meeting their energy needs before they can be self-sufficient by building more power stations.
Besides exporting its technologies, China is also exporting its electricity to ASEAN. This will at least help some developing countries in meeting their energy needs before they can be self-sufficient by building more power stations.
Climate change will decimate India more than anything else.
http://www.aljazeera.com/news/2017/08/south-asia-hot-live-2100-170803041954544.html
India should get its priority right. Climate change will decimate its country and economy more than anything else. India, take my advice and stop invading your neighbours.
India will have a big problem feeding its huge population because its land size is only 1/3 of China. Crops can't grow on parched lands and many parts of India don't have access to potable water. All these problems are of paramount importance to India right now. Time is running out for India!
India should get its priority right. Climate change will decimate its country and economy more than anything else. India, take my advice and stop invading your neighbours.
India will have a big problem feeding its huge population because its land size is only 1/3 of China. Crops can't grow on parched lands and many parts of India don't have access to potable water. All these problems are of paramount importance to India right now. Time is running out for India!
Are you pissed when your government treats you like this?
https://sg.news.yahoo.com/macpherson-rc-apologises-charging-new-citizens-less-community-event-010058507.html
Singapore bred citizens have to pay more than newly converted citizens!
What's next? Singapore bred citizens have to accept lower salaries than newly converted citizens?
Singapore bred citizens have to pay more than newly converted citizens!
What's next? Singapore bred citizens have to accept lower salaries than newly converted citizens?
Wow! Malaysia will have autonomous trains soon!
http://en.people.cn/business/n3/2017/0804/c90778-9250826.html
China is exporting its high technologies to other countries now. Malaysia will have autonomous trains soon and also learn the technology from China.
This is one of the benefits of being China-friendly. Malaysia will overtake Singapore in the future because of China.
China is exporting its high technologies to other countries now. Malaysia will have autonomous trains soon and also learn the technology from China.
This is one of the benefits of being China-friendly. Malaysia will overtake Singapore in the future because of China.
SIA is facing headwinds now!
http://www.todayonline.com/business/sia-introduces-voluntary-no-pay-leave-cabin-crew
Look like economic downturn is coming soon!
SIA is asking its staffs to take no-pay leaves due to an oversupply of manpower. Why? This means that SIA is not getting enough passengers on board its planes which don't require a lot of working staffs. Why are there fewer passengers? Is SIA losing passengers to other airliners or economic downturn is causing passengers to travel lesser? Maybe businesses are turning to web conferences for business meetings and negotiations.
This is something to ponder about seriously.
Look like economic downturn is coming soon!
SIA is asking its staffs to take no-pay leaves due to an oversupply of manpower. Why? This means that SIA is not getting enough passengers on board its planes which don't require a lot of working staffs. Why are there fewer passengers? Is SIA losing passengers to other airliners or economic downturn is causing passengers to travel lesser? Maybe businesses are turning to web conferences for business meetings and negotiations.
This is something to ponder about seriously.
Who is the richest man in the world? Nope, it's not Bill Gates.
https://www.cnbc.com/2017/07/31/financier-bill-browder-says-vladimir-putin-is-worth-200-billion.html
The richest man in the world is Putin (Russia President). He is estimated to be worth USD$200B.
Wow!
The richest man in the world is Putin (Russia President). He is estimated to be worth USD$200B.
Wow!
Thursday, August 3, 2017
Iceberg's full report on Noble Group!
https://iceberg-research.com/2017/08/03/noble-group-is-sinking-this-saga-reveals-the-complete-failure-of-the-regulators-in-singapore/
We are also worried about the sustainability of Noble because of its negative cash flow after selling its golden goose assets. Like we said before, Noble's white knight can pull out after getting privy information and fully understand the situation better than ordinary retail investors.
We are also worried about the sustainability of Noble because of its negative cash flow after selling its golden goose assets. Like we said before, Noble's white knight can pull out after getting privy information and fully understand the situation better than ordinary retail investors.
Our local residents committed abduction!
https://sg.news.yahoo.com/two-myanmar-men-trial-attempting-abduct-compatriot-pasir-ris-carpark-112316332.html
Singapore PRs are considered locals by our government.
Indeed, Singaporeans commit more crimes than foreigners as stated by our PM.
Singapore PRs are considered locals by our government.
Indeed, Singaporeans commit more crimes than foreigners as stated by our PM.
China has the best AI now!
http://en.people.cn/n3/2017/0802/c90000-9250209.html
China AI tops Stanford's reading comprehension ranking.
It's an amazing accomplishment because it shows rapid evolution in China's technology.
China AI tops Stanford's reading comprehension ranking.
It's an amazing accomplishment because it shows rapid evolution in China's technology.
Ghost moved ladder in Singapore Changi Terminal 4!
It seems that our readers love to watch ghost video and we've decided to put up another one.
Something weird was happening in Singapore Changi Terminal 4 during construction.
Wednesday, August 2, 2017
President Duterte has killed another mayor and his wife for drug dealings.
http://www.npr.org/2017/07/30/540408626/police-raid-in-philippines-kills-mayor-who-president-had-named-as-drug-suspect
Wow! This president hates drugs to the core. He won't tolerate drug in his parliament. The Ozamis mayor and his family were reported to be involved in drug dealings. The mayor and wife were killed because they resisted police arrest with guns and grenades.
This is the 3rd mayor who was killed in Duterte's drug campaign.
Wow! This president hates drugs to the core. He won't tolerate drug in his parliament. The Ozamis mayor and his family were reported to be involved in drug dealings. The mayor and wife were killed because they resisted police arrest with guns and grenades.
This is the 3rd mayor who was killed in Duterte's drug campaign.
China has presented the factsheet about China-India border. India is speechless now.
http://www.deccanchronicle.com/world/neighbours/020817/withdraw-troops-from-doklam-with-no-strings-attached-china-tells-india.html
India will be speechless now about its incursion into China's territory. I think China wants to set the record straight before embarking on military action as snow will fall in September. China has not much time left to chase Indian troops out of China's territory. August will be the only month suitable for such a military action.
India will be speechless now about its incursion into China's territory. I think China wants to set the record straight before embarking on military action as snow will fall in September. China has not much time left to chase Indian troops out of China's territory. August will be the only month suitable for such a military action.
Yale economic professor and nobel laureate Robert Shiller gave a warning about stock market.
https://www.cnbc.com/2017/07/26/the-market-risk-that-makes-nobel-laureate-robert-shiller-lie-awake.html
The stock market is in a dicey conundrum whereby the PE ratio is high and the volatility is low. His CAPE (Shiller PE Ratio) predicts that the stock market will crash big time whenever it is high. The CAPE is above 30 now and the big crashes are all above 30.
The stock market is in a dicey conundrum whereby the PE ratio is high and the volatility is low. His CAPE (Shiller PE Ratio) predicts that the stock market will crash big time whenever it is high. The CAPE is above 30 now and the big crashes are all above 30.
Tuesday, August 1, 2017
Noble is raising cash just for debt repayments.
https://finance.yahoo.com/news/embattled-trader-noble-group-pays-40-million-bond-052002693--finance.html?_fsig=_SX2GCnSxkXKplqyrZ2A5w--
When a company is raising funds by selling its assets just for the purpose of debt repayments, we know this company is no longer viable because its business model is not generating positive cash flow to sustain its own operational and financial needs.
Cash flow is the most important thing in a sustainable business!
When a company is raising funds by selling its assets just for the purpose of debt repayments, we know this company is no longer viable because its business model is not generating positive cash flow to sustain its own operational and financial needs.
Cash flow is the most important thing in a sustainable business!
The impact of USD falling is already being felt in the oil market.
https://sg-stock.blogspot.sg/2017/07/do-you-notice-that-usd-has-been-falling.html
We can see the correlation between these 2 charts (USD vs Oil price). USD and Oil price have an inverse relationship.
Death knell for virtual currency is bellowing!
https://www.reuters.com/article/us-bitcoin-split-idUSKBN1AG2MF
We will never support virtual currency because it is a flawed concept. Many people just don't understand the concept of money and think that money can be created through technology. Money was not created in the past through technology and it also couldn't be created through technology in the future.
The so-called bitcoin split will cause huge damage to virtual currency because anybody can just do a blockchain split to create free money. Bitcoin miners don't want any blockchain split because it will undermine bitcoins. Bitcoin developers want to create free money out of nothing but don't allow others to use the open source technology to do bitcoin splits to get free money.
Today, we'll have bitcoin and bitcoin cash. In the near future, we'll have bitcoin dollar, bitcoin note, etc. As these developments progress, people will lose confidence in virtual currencies because there are no regulations for these splitting developments. To prevent the loss of confidence, people will start to demand for regulations to protect their investments. Therefore, we'll be back to square one where the same group of people doesn't want regulations in the first place.
We will never support virtual currency because it is a flawed concept. Many people just don't understand the concept of money and think that money can be created through technology. Money was not created in the past through technology and it also couldn't be created through technology in the future.
The so-called bitcoin split will cause huge damage to virtual currency because anybody can just do a blockchain split to create free money. Bitcoin miners don't want any blockchain split because it will undermine bitcoins. Bitcoin developers want to create free money out of nothing but don't allow others to use the open source technology to do bitcoin splits to get free money.
Today, we'll have bitcoin and bitcoin cash. In the near future, we'll have bitcoin dollar, bitcoin note, etc. As these developments progress, people will lose confidence in virtual currencies because there are no regulations for these splitting developments. To prevent the loss of confidence, people will start to demand for regulations to protect their investments. Therefore, we'll be back to square one where the same group of people doesn't want regulations in the first place.
2 armed robberies in Singapore in 2 days recently!
https://sg.news.yahoo.com/armed-robbery-reported-ubi-ave-1-singapore-police-force-042229175.html
https://sg.news.yahoo.com/man-arrested-armed-robbery-upper-bukit-timah-road-petrol-station-report-112543223.html
What is happening to Singapore?
We've a Canadian robbing our standard chartered bank. Now, we've 2 armed robberies yesterday and today!
Singapore is no longer as safe as thought. Singapore has to deal with terrorism and armed robberies now.
https://sg.news.yahoo.com/man-arrested-armed-robbery-upper-bukit-timah-road-petrol-station-report-112543223.html
What is happening to Singapore?
We've a Canadian robbing our standard chartered bank. Now, we've 2 armed robberies yesterday and today!
Singapore is no longer as safe as thought. Singapore has to deal with terrorism and armed robberies now.
Monday, July 31, 2017
Indecent act in public - SMRT.
Please do not do this in our MRT!
Taiwan is flooding again!
This "ponding" is what our minister would describe the situation.
Sunday, July 30, 2017
China may attack India in August if India doesn't withdraw its troops.
Time is running out for China and India!
Why?
This is because the temperature will turn cold in September and it is not conducive to fight in such a cold climate at high altitude. Therefore, China will want to resolve this border skirmish in August because it is a disadvantage to start a war in September.
India must retreat in August or face a losing war. India cannot occupy its neighbour's territory and demand for a diplomatic discussion to resolve the issue or request both sides to retreat. Where does India want China's troops to retreat to when China's troops are already in China's territory?
This is precisely why China refused to have a diplomatic talk with India because of India's incursion. India had miscalculated and misjudged this incursion. India will pay a super high price for such an incursion before China's 19th party congress. Don't think that China won't start a war before 19th party congress!
Why?
This is because the temperature will turn cold in September and it is not conducive to fight in such a cold climate at high altitude. Therefore, China will want to resolve this border skirmish in August because it is a disadvantage to start a war in September.
India must retreat in August or face a losing war. India cannot occupy its neighbour's territory and demand for a diplomatic discussion to resolve the issue or request both sides to retreat. Where does India want China's troops to retreat to when China's troops are already in China's territory?
This is precisely why China refused to have a diplomatic talk with India because of India's incursion. India had miscalculated and misjudged this incursion. India will pay a super high price for such an incursion before China's 19th party congress. Don't think that China won't start a war before 19th party congress!
Flooding in Germany and UK. Petrol and diesel cars will be ban by 2030.
This is what will happen when we've global warming.
Germany wants EU to ban petrol and diesel cars by 2030.
http://www.dailymail.co.uk/news/article-3834674/Germany-s-federal-council-Bundesrat-pushes-force-EU-BAN-petrol-diesel-vehicles-2030.html
The UK will ban petrol and diesel cars by 2040.
http://www.telegraph.co.uk/news/2017/07/25/new-diesel-petrol-cars-banned-uk-roads-2040-government-unveils/
The carbon emission will be greatly reduced in the future. If China and USA follow suit, crude oil prices will collapse as nobody will use crude oil in the future.
Saturday, July 29, 2017
Ghosts alighting from a ghost plane in Phuket airport every night.
You can see that there's ghosts rushing to the custom from the boarding bridge but without the plane beside it.
Astronaut captured UFO in her live telecast accidentally.
Japan defence minister resigned because she destroyed internal records for Japan-UN mission.
https://www.theguardian.com/world/2017/jul/27/tomomi-inada-japanese-defence-minister-resign-south-sudan
This is not surprising because Japanese government will destroy and whitewash anything that the government doesn't like.
Japanese government insisted in the UN mission continuation despite its own law didn't allow it and this led to her to destroy the internal record.
She was unlucky that someone found the internal record on a computer that she claimed was discarded.
This is not surprising because Japanese government will destroy and whitewash anything that the government doesn't like.
Japanese government insisted in the UN mission continuation despite its own law didn't allow it and this led to her to destroy the internal record.
She was unlucky that someone found the internal record on a computer that she claimed was discarded.
Baltic dry index - 933
Today, Friday, July 28 2017, the Baltic Dry Index decreased by 9 points, reaching 933 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
=============================
Related stocks: Sembcorp Marine, Cosco & Pan Ocean.
US rig count - 958
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 958.
A year ago, just 463 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 766 rigs sought oil and 192 explored for natural gas this week.
Among major oil- and gas-producing states, New Mexico gained four rigs, Oklahoma increased by three and Louisiana, Ohio, West Virginia and Wyoming each gained one.
Texas declined by one rig.
Alaska, Arkansas, California, Colorado, North Dakota, Pennsylvania and Utah were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
=============================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, July 28, 2017
Russia is expelling a lot of USA embassy staffs in Russia.
https://sg.news.yahoo.com/russia-orders-us-cut-diplomatic-staff-says-seize-093237700.html
The fight is on. The USA imposed a new sanction against Russia and Russia expelled the USA embassy staffs.
Tit-For-Tat is nothing new but Russia is able to take on the USA because China is supporting Russia's economy by buying oil and gas in RMB.
The fight is on. The USA imposed a new sanction against Russia and Russia expelled the USA embassy staffs.
Tit-For-Tat is nothing new but Russia is able to take on the USA because China is supporting Russia's economy by buying oil and gas in RMB.
Russia will station in Syria permanently now.
https://sg.news.yahoo.com/putin-signs-syria-deal-cementing-russias-presence-half-113942368.html
The USA has no control over Syria now because Russia will be in Syria for a long time. It won't be easy to overthrow Assad now and the USA has to accept that Assad will be at the helm of Syria for a much longer time than expected.
The USA has no control over Syria now because Russia will be in Syria for a long time. It won't be easy to overthrow Assad now and the USA has to accept that Assad will be at the helm of Syria for a much longer time than expected.
SGX praised ex-ceo Magnus Bocker but omitted the petition against him.
http://www.businesstimes.com.sg/companies-markets/bocker-was-a-driving-force-for-change-sgx
https://www.ipetitions.com/petition/petition-to-remove-magnus-bocker-as-the-ceo-of-sgx
SGX should just keep its mouth shut. The truth was Magnus Bocker had a disgraceful departure from SGX but SGX still wanted to honour him. His passing on won't wipe out his disgraceful departure.
We can forgive but we cannot forget.
https://www.ipetitions.com/petition/petition-to-remove-magnus-bocker-as-the-ceo-of-sgx
SGX should just keep its mouth shut. The truth was Magnus Bocker had a disgraceful departure from SGX but SGX still wanted to honour him. His passing on won't wipe out his disgraceful departure.
We can forgive but we cannot forget.
A fruitless gold shop robbery in Malaysia! Robbers left in frustration!
USA is creating false intelligence against North Korea again.
https://sg.news.yahoo.com/u-general-north-korea-icbm-threat-advancing-faster-203432119.html
Yes, the USA is doing it again.
China is just sitting right beside NK but China is not afraid of any missile attack from NK. The USA is so far away but is constantly afraid of NK's threats.
The USA has THAAD systems on its homefront and also in the overseas military ground.
So tell us honestly, what are you really afraid of, USA?
Yes, the USA is doing it again.
China is just sitting right beside NK but China is not afraid of any missile attack from NK. The USA is so far away but is constantly afraid of NK's threats.
The USA has THAAD systems on its homefront and also in the overseas military ground.
So tell us honestly, what are you really afraid of, USA?
Singapore elected president status is sealed. Let's not waste time on it anymore.
https://sg.news.yahoo.com/tan-cheng-bock-no-objection-chief-justice-hearing-appeal-case-reserved-presidential-election-131154386.html
Tan Cheng Bock is fighting the war alone and we know he will lose for sure because the EP status is already sealed.
Why fight this war when the majority of Singaporeans don't care at all? Our poll shows that Singaporeans know who's our first elected president but we don't dare to tell our AG that. AG's declaration is definitely against our common consensus that an elected president must win in an open election with a majority vote count. Instead, our AG has created a new definition that an elected president can be an appointed president who has exercised an elected president's power.
Let's just revert back to the appointed president system so that we can save our time and effort to vote for a reserved elected president as such a president won't command the same respect as an openly elected president.
Tan Cheng Bock is fighting the war alone and we know he will lose for sure because the EP status is already sealed.
Why fight this war when the majority of Singaporeans don't care at all? Our poll shows that Singaporeans know who's our first elected president but we don't dare to tell our AG that. AG's declaration is definitely against our common consensus that an elected president must win in an open election with a majority vote count. Instead, our AG has created a new definition that an elected president can be an appointed president who has exercised an elected president's power.
Let's just revert back to the appointed president system so that we can save our time and effort to vote for a reserved elected president as such a president won't command the same respect as an openly elected president.
South China Sea won't be peaceful anymore!
https://sg.news.yahoo.com/britain-plans-send-warship-south-china-sea-move-002530690.html
The UK wants to join in the "fun" now.
The western countries are never part of Asia but they want to control Asia in the name of FON (freedom of navigation). They cannot cite a single case of China stopping any commercial ship sailing in South China Sea but will carry on with their smearing and fearmongering campaigns against China.
I think China should change its strategy of not forming a strategic alliance like NATO because it is very difficult to fight alone. An APTO (asia pacific treaty organization) is definitely welcome in Asia to stop the western countries from meddling with or controlling Asia.
We also need AMF (Asia monetary fund) to handle any financial crisis in Asia because IMF is too prejudiced. Even though IMF has indicated that it will move its HQ to Beijing in the future, we must always be on our guard because IMF places more stringent requirements on Asia countries than western countries. Just look at how the IMF treated Thailand and Indonesia during the asia financial crisis. Now, look at how IMF treats EU especially Greece.
https://www.rt.com/business/397424-imf-move-beijing-decade-lagarde/
The UK wants to join in the "fun" now.
The western countries are never part of Asia but they want to control Asia in the name of FON (freedom of navigation). They cannot cite a single case of China stopping any commercial ship sailing in South China Sea but will carry on with their smearing and fearmongering campaigns against China.
I think China should change its strategy of not forming a strategic alliance like NATO because it is very difficult to fight alone. An APTO (asia pacific treaty organization) is definitely welcome in Asia to stop the western countries from meddling with or controlling Asia.
We also need AMF (Asia monetary fund) to handle any financial crisis in Asia because IMF is too prejudiced. Even though IMF has indicated that it will move its HQ to Beijing in the future, we must always be on our guard because IMF places more stringent requirements on Asia countries than western countries. Just look at how the IMF treated Thailand and Indonesia during the asia financial crisis. Now, look at how IMF treats EU especially Greece.
https://www.rt.com/business/397424-imf-move-beijing-decade-lagarde/
Thursday, July 27, 2017
FED doesn't raise rate in July but may start QE tapering in September.
How will QE tapering affect the market?
QE tapering is reducing its bond purchases or rollovers (reinvestment of its bond proceeds upon maturing) on a monthly basis.
As bond price and yield are inversely related and demand affects the bond price, the yield will stay low when the bond price is high. When there is lesser demand for the bond, the bond price will fall and the yield will go up. This is almost the same as hiking interest rate without literally hiking rate.
Hiking rate literally will affect currency movement and short term rate but QE tapering will only affect long term rate and is more neutral for the currency and stock market.
On the whole, the interest rate will still go up albeit slowly.
QE tapering is reducing its bond purchases or rollovers (reinvestment of its bond proceeds upon maturing) on a monthly basis.
As bond price and yield are inversely related and demand affects the bond price, the yield will stay low when the bond price is high. When there is lesser demand for the bond, the bond price will fall and the yield will go up. This is almost the same as hiking interest rate without literally hiking rate.
Hiking rate literally will affect currency movement and short term rate but QE tapering will only affect long term rate and is more neutral for the currency and stock market.
On the whole, the interest rate will still go up albeit slowly.
Noble Group plunges heavily today after profit warning and asset sales.
https://sg-stock.blogspot.sg/2017/07/whats-left-for-noble-group-after.html
https://sg-stock.blogspot.sg/2017/07/noble-group-update.html
We did warn about Noble Group on a few occasions. It is not surprising that its P&L won't look good because it had sold off its golden goose.
Don't think that a company can be saved whenever a white knight appears. Sometimes, the white knight is also ignorant about the company and the industry. The white knight is financially strong enough to pull the plug but an ordinary retail investor can wipe out his life saving.
https://sg-stock.blogspot.sg/2017/07/noble-group-update.html
We did warn about Noble Group on a few occasions. It is not surprising that its P&L won't look good because it had sold off its golden goose.
Don't think that a company can be saved whenever a white knight appears. Sometimes, the white knight is also ignorant about the company and the industry. The white knight is financially strong enough to pull the plug but an ordinary retail investor can wipe out his life saving.
China has taken over a Sri Lanka port.
http://en.people.cn/n3/2017/0726/c90000-9246810.html
China has been buying up ports over the world and also set up a port alliance for its BRI (Belt Road Initiative). This will greatly reduce Singapore strategic importance that the USA values because the USA can contain China shipments by sealing the Strait of Malacca from Singapore.
China has been buying up ports over the world and also set up a port alliance for its BRI (Belt Road Initiative). This will greatly reduce Singapore strategic importance that the USA values because the USA can contain China shipments by sealing the Strait of Malacca from Singapore.
Wednesday, July 26, 2017
Stockbank blog has just received a top 75 Singapore investment blog award.
We've been informed by Feedspot that we've been awarded a top 75 Singapore investment blog award.
We will strive to continue to provide articles that are of interest to our readers.
Our top 3 readers come from Singapore, USA and Russia.
Yes, Russians like to read our blog and we don't know why. We are surprised that Malaysians are not in our top 5.
Nonetheless, we are happy to receive our first award. Thank you for your support.
What's left for Noble Group after selling income generating businesses?
https://sg.finance.yahoo.com/news/noble-group-said-seek-buyers-085506625.html
This is really getting worrisome as Noble sells off its income generating businesses. Noble will be left with negative cashflow assets that nobody wants.
Sigh!
This is really getting worrisome as Noble sells off its income generating businesses. Noble will be left with negative cashflow assets that nobody wants.
Sigh!
Flooding in China.
Quantum communication can be operational 24 hours soon.
http://en.people.cn/n3/2017/0726/c202936-9246537.html
Way to go, China!
China is really becoming a high technological country now with excellent achievement in quantum technology.
Way to go, China!
China is really becoming a high technological country now with excellent achievement in quantum technology.
India fired at Pakistan again!
http://www.kashmirvision.in/news/pakistan-summons-indian-envoy-over-border-tensions
India is stirring troubles for its neighbour again. The China-India border skirmish is not settled yet and India is attacking Pakistan again.
Sigh! This India is such a bully and must be taught a lesson!
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