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Thursday, January 24, 2019

Stock calls for 24 January 2019


Date Analyst Company Last Target Call Valuation
01/24/19 OCBC CapitaCommercial 1.83 1.68 Hold
01/24/19 Phillip Capitamall Trust 2.31 2.09 Neutral DDM, PB1.06x FY19
01/24/19 Kim Eng Capitamall Trust 2.31 2.25 Hold DDM
01/24/19 OCBC Capitamall Trust 2.31 2.25 Hold
01/24/19 DBS Vickers Capitamall Trust 2.31 2.44 Buy
01/24/19 OCBC Mapletree Commercial 1.72 1.79 Hold
01/24/19 CIMB Mapletree Commercial 1.72 1.79 Add DDM
01/24/19 DBS Vickers Mapletree Commercial 1.72 2 Buy DCF
01/24/19 Kim Eng Mapletree Commercial 1.72 1.6 Hold
01/24/19 Phillip Mapletree Industrial 1.96 2.03 Neutral DDM, PB1.36x FY19
01/24/19 Kim Eng Mapletree Industrial 1.96 2.2 Buy DDM
01/24/19 Kim Eng SIA 9.5 11.2 Buy
01/24/19 CIMB SIA 9.5 10.25 Hold PB0.9x CY19
01/24/19 DBS Vickers Suntec Reit 1.87 2.12 Buy DCF
01/24/19 OCBC Suntec Reit 1.87 1.86 Hold
01/24/19 DMG & Partners Suntec Reit 1.87 1.9 Neutral DDM
01/24/19 Jefferies Suntec Reit 1.87 1.85 Hold Up from $1.80

Fake news created by crypto proponents to promote bitcoin investment.

These crypto proponents are implementing a desperate marketing campaign to promote bitcoin investments because they have suffered heavy losses.

https://inspirednew.com/crypto/

The news article states that creative technology founder, Sim Wong Hoo, has divested his shareholdings and invested in bitcoins.  This fake news is just a marketing campaign to promote bitcoin investments and lure ignorant investors into bitcoin.

The truth:

As creative technology is a public listed company, the company must report to SGX and make a public announcement about the departure of its key management personnel and also major changes in its key shareholding structure.  No such announcement is being made on SGX company announcement web page.

Furthermore, there is no mention of Sim leaving creative technology in his latest interview.

https://www.sgsme.sg/news/lunch-sumiko-creative-technologys-sim-wong-hoo-back

When those crypto proponents are using such underhand method to promote bitcoin, you know bitcoin is nothing but a scam.

Wednesday, January 23, 2019

BCG Digital Ventures: Bitcoin will go to zero.

https://www.cnbc.com/2019/01/23/bitcoin-price-going-to-zero-davos-future-of-blockchain-tech-.html

The educated investors are waking up to the reality that crypto is never going to work as a currency because it doesn't fulfill the 3 important criteria.

If you still don't understand what we're trying to put across, please read our postings below.

http://sg-stock.blogspot.com/2019/01/the-charades-of-cryptocurrency.html

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

As people get more educated about cryptos and ICOs, they will avoid them.



Is Japan food safe for consumption? - part 3

Since CNY is coming, let's stay healthy by not eating Japanese food.

US FDA is still imposing the detention of Japan food products without examination.

https://www.accessdata.fda.gov/cms_ia/importalert_621.html

Eat at your own risk and don't complain when you develop cancer.

http://sg-stock.blogspot.com/2017/11/is-japan-food-safe-for-consumption-part.html

DISA - Stock calls


Date Analyst Company Last Target Call Valuation
06/25/18 Amfrasers DISA 0.008 0.02 Buy DCF, PER23.9x FY21
07/03/18 UOB Kay Hian DISA 0.009 0.013 Buy DCF
08/30/18 Amfrasers DISA 0.008 0.02 Buy DCF
09/10/18 UOB Kay Hian DISA 0.008 0.013 Buy DCF

Delfi - Stock calls


Date Analyst Company Last Target Call Valuation
02/28/18 DMG & Partners Delfi 1.52 1.54 Neutral DCF
05/09/18 DBS Vickers Delfi 1.48 1.8 Buy PER26x FY18/19
05/09/18 DMG & Partners Delfi 1.48 1.54 Neutral
06/20/18 DMG & Partners Delfi 1.32 1.47 Buy DCF
08/06/18 DMG & Partners Delfi 1.18 1.47 Buy DCF
11/14/18 DMG & Partners Delfi 1.19 1.59 Buy DCF
12/14/18 DMG & Partners Delfi 1.31 1.59 Buy
01/02/19 DMG & Partners Delfi 1.32 1.59 Buy

Del Monte - Stock calls


Date Analyst Company Last Target Call Valuation
06/29/18 Lim & Tan Del Monte 0.18 0 Neutral

Stock calls for 23 January 2019


Date Analyst Company Last Target Call Valuation
01/23/19 OCBC Capitamall Trust 2.27 2.12 Hold
01/23/19 Phillip Frasers Centrepoint Trust 2.27 2.21 Neutral DDM, PB1.09x FY19
01/23/19 DBS Vickers Frasers Centrepoint Trust 2.27 2.4 Buy
01/23/19 phillip HMI 0.540 0.77 Buy
01/23/19 CIMB Keppel Corp 6.17 8.28 Add
01/23/19 Phillip Keppel DC Reit 1.44 1.52 Accumulate DDM
01/23/19 CIMB Keppel DC Reit 1.44 1.51 Add DDM
01/23/19 OCBC Keppel DC Reit 1.44 1.6 Buy
01/23/19 DBS Vickers Keppel DC Reit 1.44 1.6 Buy
01/23/19 DBS Vickers Keppel Infrastructure 0.515 0.58 buy DDM
01/23/19 DBS Vickers Mapletree Industrial 1.98 2.22 Buy PER16.8x FY19
01/23/19 DIR Mapletree Industrial 1.98 1.78 Underperform
01/23/19 DBS Vickers Mapletree Logistics 1.34 1.5 Buy
01/23/19 Kim Eng Mapletree Logistics 1.34 1.3 Hold DDM
01/23/19 CIMB Mapletree Logistics 1.34 1.44 Add DDM
01/23/19 phillip Q & M 0.495 0.513 Neutral
01/23/19 phillip Raffles Medical 1.11 1.16 Accumulate
01/23/19 CIMB Sembcorp Industries 2.69 3.49 Add
01/23/19 phillip Singapore O&G 0.34 0.42 Buy
01/23/19 DBS Vickers Soilbuild Reit 0.62 0.65 Buy DCF
01/23/19 OCBC Soilbuild Reit 0.62 0.62 Hold
01/23/19 Jefferies Soilbuild Reit 0.62 0.62 Hold
01/23/19 CIMB ST Engineering 3.66 3.94 Add
01/23/19 OCBC Suntec Reit 1.86 1.83 Hold

BOE: Cryptos fail financial tests and are worthless.

https://cointelegraph.com/news/bank-of-england-adviser-cryptocurrencies-fail-basic-financial-tests-lack-value

Well, the truth hurts for the crypto proponents.  We also share the same sentiment and we don't have any vested interest in any crypto.  Please read our crypto postings.

http://sg-stock.blogspot.com/2019/01/the-charades-of-cryptocurrency.html

Tuesday, January 22, 2019

DBS Bank - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/18 UOB Kay Hian DBS 24.85 26.1 Buy GGM, PB1.38x FY18
01/05/18 UOB Kay Hian DBS 26.5 29.5 Buy GGM, PB1.56x FY18
01/08/18 DMG & Partners DBS 26.32 23.33 Neutral
01/09/18 Deutsche DBS 26.45 27.1 Hold
01/10/18 phillip DBS 26.51 29.3 Buy
02/01/18 OCBC DBS 26.4 29.5 Buy PB1.45x FY18
02/02/18 UOB Kay Hian DBS 26.61 28.38 Buy
02/08/18 Macquarie DBS 25.36 27.5 Outperform
02/08/18 Lim & Tan DBS 25.36 0 Buy
02/08/18 DMG & Partners DBS 25.36 25 Neutral PB1.3x FY18
02/08/18 Jefferies DBS 25.36 32.5 Buy
02/09/18 Kim Eng DBS 26.71 29.66 Hold
02/09/18 UOB Kay Hian DBS 26.71 30.4 Buy GGM, PB1.62x FY18
02/09/18 CIMB DBS 26.71 29 Add GGM, PB1.5x FY18, PER11.6x FY19
02/12/18 phillip DBS 26.71 29.3 Buy GGM, PB1.58x
02/22/18 UBS DBS 29.45 35 Buy
03/02/18 UOB Kay Hian DBS 28.8 30.4 Buy
03/05/18 OCBC DBS 28.41 32.53 Buy PB1.7x
03/05/18 Credit Suisse DBS 28.41 31.1 Outperform
03/15/18 DMG & Partners DBS 29.12 27 Neutral GGM, PB1.39x FY18
03/20/18 Kim Eng DBS 28.07 29.66 Hold
03/22/18 Lim & Tan DBS 28.4 0 Buy
04/03/18 UOB Kay Hian DBS 27.32 30.4 Buy
04/16/18 Credit Suisse DBS 28.42 35.5 Buy
04/19/18 UOB Kay Hian DBS 29.36 31.08 Buy GGM, PB1.7x FY18
04/20/18 CIMB DBS 29.92 33 Add GGM, PB1.7x FY18
04/30/18 DMG & Partners DBS 30 27 Neutral
04/30/18 OCBC DBS 30 34.6 Buy
04/30/18 Jefferies DBS 30 35 Buy
05/02/18 phillip DBS 30.84 32.7 Accumulate GGM, PB1.8x FY18
05/02/18 UOB Kay Hian DBS 30.84 35.5 Buy GGM, PB1.82x FY19
05/02/18 DMG & Partners DBS 30.84 29.6 Neutral GGM, PB1.51x (ex-div)
05/02/18 CIMB DBS 30.84 34 Add GGM, PB1.8x FY18
05/02/18 Lim & Tan DBS 30.84 0 Buy on weakness
05/02/18 Kim Eng DBS 30.84 30.8 Hold GGM, PB1.6 FY18
05/04/18 Macquarie DBS 29.28 29.5 Neutral
05/08/18 Goldman Sachs DBS 28.97 36 Buy DDM
06/04/18 phillip DBS 28.3 32.7 Accumulate
06/04/18 UOB Kay Hian DBS 28.3 35.5 Buy
06/11/18 CIMB DBS 28.5 34 Add GGM, PB1.5x CY18
06/13/18 OCBC DBS 28.48 34.6 Buy
06/26/18 UOB Kay Hian DBS 26.66 30.15 Buy GGM, PB1.65x FY18
06/29/18 DMG & Partners DBS 26.49 30.3 Buy GGM, PB1.47x FY19
07/02/18 phillip DBS 26.61 32.7 Accumulate
07/03/18 UOB Kay Hian DBS 26.38 30.15 Buy
07/12/18 OCBC DBS 26.01 32.67 Buy PB1.7x
07/16/18 DMG & Partners DBS 26.25 30.3 Buy GGM, PB1.47x FY19
07/18/18 UOB Kay Hian DBS 26.01 28.95 Buy GGM, PB1.58x FY18
08/01/18 phillip DBS 26.75 32.7 Accumulate
08/02/18 Macquarie DBS 26.94 29.5 Neutral
08/02/18 DMG & Partners DBS 26.94 30.3 Buy
08/02/18 Lim & Tan DBS 26.94 0 Buy
08/02/18 Jefferies DBS 26.94 31 Buy
08/03/18 UOB Kay Hian DBS 26.5 28.2 Hold GGM, PB1.55x FY18, Buy @ $25.50
08/03/18 CIMB DBS 26.5 28 Hold GGM, PB1.4x
08/06/18 phillip DBS 26.15 33.32 Buy GGM, PB1.7x
09/17/18 DMG & Partners DBS 24.85 30.3 Buy GGM, PB1.51x FY19
10/02/18 phillip DBS 25.97 33.32 Buy
10/11/18 Jefferies DBS 24.95 31 Buy
10/15/18 DMG & Partners DBS 24.42 30.3 Buy
10/17/18 UOB Kay Hian DBS 24.24 29.5 Buy GGM, PB1.53x FY19
11/01/18 phillip DBS 23.46 33.32 Buy
11/02/18 Amfrasers DBS 23.95 27.7 Buy
11/02/18 UOB Kay Hian DBS 23.95 29.5 Buy GGM, PB1.56x FY19
11/05/18 Lim & Tan DBS 24.66 0 Buy
11/07/18 CIMB DBS 24 27 Hold GGM, PB1.44x FY19
11/07/18 OCBC DBS 24 30.83 Buy GGM, PB1.5x
11/07/18 DMG & Partners DBS 24 29.8 Buy
11/07/18 Jefferies DBS 24 29.5 Buy PER12.5x FY19
11/08/18 Macquarie DBS 23.77 27 Neutral
11/08/18 phillip DBS 23.77 29.02 Buy GGM, PB1.5x FY19
12/04/18 UOB Kay Hian DBS 25.11 29.5 Buy
12/14/18 DMG & Partners DBS 23.92 29.8 Buy
01/02/19 DMG & Partners DBS 23.69 29.8 Buy GGM, PB1.54x FY19
01/03/19 CIMB DBS 23.49 27 Hold PER10.7x FY20
01/08/19 UOB Kay Hian DBS 23.75 28.5 Buy

Dasin Retail - Stock calls


Date Analyst Company Last Target Call Valuation
01/16/18 phillip Dasin Retail 0.85 0.98 Buy DDM
03/02/18 phillip Dasin Retail 0.87 0.98 Buy DDM
05/25/18 phillip Dasin Retail 0.86 0.97 Buy DDM
08/14/18 phillip Dasin Retail 0.9 0.97 Accumulate DDM
10/17/18 phillip Dasin Retail 0.855 0.97 Accumulate
11/07/18 phillip Dasin Retail 0.86 0.95 Accumulate DDM
11/13/18 Soochow Dasin Retail 0.855 0.97 Buy

Dairy Farm - Stock calls


Date Analyst Company Last Target Call Valuation
01/04/18 DMG & Partners Dairy Farm 7.9 9.53 Buy DCF
02/19/18 DMG & Partners Dairy Farm 8.38 9.53 Buy DCF
03/09/18 CIMB Dairy Farm 8.21 8.4 Hold PER21x CY19
03/12/18 phillip Dairy Farm 8.03 9.83 Buy Sum of parts
03/12/18 Lim & Tan Dairy Farm 8.03 0 Hold PER20x & 2.62% yield
03/13/18 DBS Vickers Dairy Farm 8.09 9.54 Buy Sum of parts
03/27/18 DMG & Partners Dairy Farm 9.1 9.16 Buy DCF
03/28/18 DBS Vickers Dairy Farm 8 9.77 Buy Sum of parts
04/16/18 phillip Dairy Farm 8.27 9.83 Buy
04/16/18 DMG & Partners Dairy Farm 8.27 9.16 Buy
05/21/18 DMG & Partners Dairy Farm 8.6 9.66 Buy DCF
05/31/18 CIMB Dairy Farm 8.95 9.55 Add
06/05/18 DBS Vickers Dairy Farm 8.9 9.77 Buy
06/22/18 DMG & Partners Dairy Farm 8.83 9.66 Buy
07/16/18 phillip Dairy Farm 9.29 9.83 Buy
07/27/18 DBS Vickers Dairy Farm 9.23 9.35 Hold Sum of parts
07/30/18 DMG & Partners Dairy Farm 9.15 9.6 Neutral DCF
07/30/18 CIMB Dairy Farm 9.15 9.55 Hold PER23.5x CY19
08/30/18 DMG & Partners Dairy Farm 9.2 9.6 Neutral
09/14/18 CIMB Dairy Farm 9.1 9.55 Hold
10/03/18 DMG & Partners Dairy Farm 9.42 9.6 Buy
10/08/18 DMG & Partners Dairy Farm 9.15 9.6 Neutral
10/23/18 CIMB Dairy Farm 8.95 9.55 Hold

Stock calls for 22 January 2019


Date Analyst Company Last Target Call Valuation
01/22/19 UOB Kay Hian A-Reit 2.71 3.01 Buy
01/22/19 CIMB Capitamall Trust 2.26 2.29 Hold DDM
01/22/19 UOB Kay Hian CDL Hospitality 1.56 1.83 Buy
01/22/19 Amfrasers CSE Global 0.43 0.57 Buy
01/22/19 DBS Vickers ESR-Reit 0.53 0.59 Buy
01/22/19 Lim & Tan Frasers Centrepoint Trust 2.26 0 Hold
01/22/19 OCBC Frasers Centrepoint Trust 2.26 2.5 Buy
01/22/19 DBS Vickers Keppel Reit 1.18 1.31 Buy DCF
01/22/19 CIMB Keppel Reit 1.18 1.34 Add DDM
01/22/19 DMG & Partners Keppel Reit 1.18 1.06 Neutral DDM
01/22/19 OCBC Mapletree Logistics 1.34 1.4 Buy
01/22/19 Amfrasers Sembcorp Marine 1.66 2.5 Buy

The charades of cryptocurrency.

When bitcoin was first developed using the rehashed blockchain technology of the late 1990s, it had to have an incredible theme to sell to lure investors into buying something that was worthless.

Thus, the crypto proponents used the limited supply concept of bitcoin to entice investors to buy into the "Too good to be true" theme. As the proponents and the ignorant investors didn't have a true understanding of the economic principles of demand and supply, the investors were taken in because they thought that the demand and supply had a direct inverse relationship.  They thought the declining mining supply would drive up the bitcoin prices to astronomical levels.  As the bitcoin prices started to rise dramatically, the proponents had to concoct another story to drive the bitcoin further into the stratosphere.  Therefore, they preyed on the psychological mindsets with the "Fear of missing out (FOMO)" theme.  They claimed that more merchants and other retail investors are entering the crypto markets because crypto was going to revolutionize the world.  It worked marvellously until bitcoin reached almost US$20,000.

Then, the harsh reality of market forces started to creep in and bitcoin prices started to fall tremendously.  Those proponents didn't give up and come up with another theme again.  This time, they proclaimed that the financial institutions and fund managers would enter the crypto market soon and this would cause bitcoin to spike.  However, the truth was that any serious financial institution would develop its own private blockchain instead because of privacy and security concerns and the private blockchain couldn't be mined or interconnected with the public blockchain.

http://sg-stock.blogspot.com/2018/09/the-private-blockchain-will-cannibalize.html

As you can see, the proponents keep shifting the goal poles to lure investors to invest in crypto and will continue to do so.  Subsequently, these proponents do not use the original rationale of limited supply concept to talk up the bitcoin prices anymore.  Conversely, they will continue to keep talking up the bitcoin prices and won't warn the investors about the downfalls.

Ask yourself the following questions now.

Did the proponents warn you about the potential price fall when bitcoin was near US$20k? NO!
Did the proponents warn you about future price fall when bitcoin was at US$10k? NO!
Did the proponents warn you about further price fall when bitcoin was at US$5k? NO!

For your information, the bitcoin price is around US$3,500 now.

When the prices fell by 50% each time, they only encouraged you to buy more instead.  Why would you still want to trust or believe in them then?  Blind faith is a dangerous thing and will cause you big financial losses.

Please read our posting below to have a proper understanding of cryptocurrency before you really want to invest in crypto.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html



Monday, January 21, 2019

CSE Global - Stock calls


Date Analyst Company Last Target Call Valuation
01/12/18 CIMB CSE Global 0.37 0.31 Reduce PER10x CY19
02/26/18 Lim & Tan CSE Global 0.345 0 Buy
02/27/18 CIMB CSE Global 0.37 0.39 Hold PER12x CY19
03/08/18 CIMB CSE Global 0.37 0.39 Hold PER12x CY19
04/17/18 CIMB CSE Global 0.42 0.44 Hold
04/30/18 Lim & Tan CSE Global 0.42 0.55 Buy DCF & DDM & RV
05/02/18 UOB Kay Hian CSE Global 0.415 0.58 Buy PER15x FY19
05/10/18 UOB Kay Hian CSE Global 0.44 0.61 Buy PER15x FY19
05/14/18 CIMB CSE Global 0.46 0.5 Add
06/04/18 UOB Kay Hian CSE Global 0.465 0.61 Buy
07/04/18 UOB Kay Hian CSE Global 0.425 0.61 Buy
07/18/18 CIMB CSE Global 0.44 0.5 Add PER13.5x CY19
08/15/18 CIMB CSE Global 0.45 0.5 Add PER13.5x CY19
08/15/18 UOB Kay Hian CSE Global 0.45 0.58 Buy PER15x FY19
09/03/18 UOB Kay Hian CSE Global 0.445 0.58 Buy
09/11/18 UOB Kay Hian CSE Global 0.435 0.59 Buy PER15x FY19
10/03/18 UOB Kay Hian CSE Global 0.49 0.59 Buy
10/08/18 Amfrasers CSE Global 0.48 0.57 Buy PER12.5x FY19 & PB2.1x FY19
10/11/18 DMG & Partners CSE Global 0.475 0.59 Buy DCF
11/02/18 UOB Kay Hian CSE Global 0.45 0.59 Buy PER15x FY19
11/08/18 CIMB CSE Global 0.455 0.5 Add PER13.5x FY19
11/08/18 Lim & Tan CSE Global 0.455 0 Buy
11/09/18 DMG & Partners CSE Global 0.455 0.59 Buy DCF
12/04/18 UOB Kay Hian CSE Global 0.44 0.59 Buy
01/04/19 UOB Kay Hian CSE Global 0.385 0.59 Buy
01/07/19 DMG & Partners CSE Global 0.395 0.59 Buy DCF
01/11/19 Lim & Tan CSE Global 0.395 0 Buy
01/15/19 CIMB CSE Global 0.405 0.56 Add PER13.5x FY20

Cromwell Reit (EUR) - Stock calls


Date Analyst Company Last Target Call Valuation
01/02/18 UBS Cromwell Reit (EUR) 0.555 0.62 Buy
01/02/18 Goldman Sachs Cromwell Reit (EUR) 0.555 0.58 Neutral DCF
03/19/18 DBS Vickers Cromwell Reit (EUR) 0.56 0.63 Buy
04/10/18 DBS Vickers Cromwell Reit (EUR) 0.59 0.63 Buy DCF
05/11/18 DBS Vickers Cromwell Reit (EUR) 0.61 0.66 Buy DCF
08/14/18 DBS Vickers Cromwell Reit (EUR) 0.595 0.66 Buy DCF

Creative Technology - Stock calls


Date Analyst Company Last Target Call Valuation
03/01/18 DBS Vickers Creative Tech 4.02 5.56 Not Rated
05/11/18 Lim & Tan Creative Tech 5.85 0 Sell

Stock calls for 21 January 2019


Date Analyst Company Last Target Call Valuation
01/21/19 DBS Vickers China Everbright 0.345 0.475 Buy PER15x FY19
01/21/19 CIMB ESR-Reit 0.53 0.62 Add DDM
01/21/19 OCBC ESR-Reit 0.53 0.575 Buy
01/21/19 OCBC Frasers Commercial Trust 1.45 1.56 Buy
01/21/19 CIMB Frasers Commercial Trust 1.45 1.5 Hold DDM
01/21/19 Lim & Tan Frasers Commercial Trust 1.45 0 Hold
01/21/19 DBS Vickers SIIC 0.29 0.32 Hold PER13x FY19

Sunday, January 20, 2019

The ICO downfall.

https://www.coindesk.com/how-blockex-went-from-a-24-million-ico-to-layoffs-in-less-than-a-year

Many such ICO predicaments will start to surface this year because the ICO issuers piggybacked their tokens onto other cryptos.  The ethereum price fall had caused this ICO fundraising to dwindle from £20m to £5.5m and many ICO investors had sustained massive losses for this ICO.

This financial risk had been highlighted and validated by the binomial theorem in our financial analysis posting below.  The ICO issuers will never highlight this financial risk to the ICO applicants.  Therefore, it is important that the neophyte investors read our posting first before making any crypto and ICO investments.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

ICO listings have continued to drop continuously.

https://cointelegraph.com/news/icos-raised-160-million-in-first-half-of-january-report-says

As expected and forewarned by us, the number of ICO listings has continued to drop as more people get educated about cryptos and ICOs.

http://sg-stock.blogspot.com/2018/11/a-financial-analysis-on-initial-coin.html

Many neophyte investors have lost a lot of money in ICOs because they are ignorant about the financial risks and the ICO structures.  Therefore, it is important for such investors to read our aforesaid posting to have a full grasp of cryptos and ICOs.

The year 2019 will be a dicey period for cryptos and ICOs because many ICO projects will fail and cause huge volatilities for the crypto markets.  Many ICO scams will be declared this year!

When a highly successful ICO like basis which was backed by prominent VCs could collapse, other ICOs won't stand a good chance to succeed either.

http://sg-stock.blogspot.com/2018/12/a-successful-ico-basis-has-collapsed.html



Saturday, January 19, 2019

Renminbi (RMB) is appreciating abnormally!

RMB has been appreciating but this is an abnormal behaviour because China economic growth is weakening and the central bank has been increasing the monetary supply.

The central bank has lowered the bank reserve requirement ratio to encourage lending and also pumped US$83b into the financial system.


Therefore, the RMB shouldn't be appreciated at all under normal circumstances.

What is/are causing RMB to appreciate then?

The proximate cause is the US Fed.  The US Fed had become dovish recently by stating that it would be patient in hiking rates.  The Fed's patience might be due to Trump and/or the economic data.  This caused the USD to depreciate against other major currencies.  Consequently, hungry investors are going after higher investment returns by snatching up assets and investments in China since US interest rates are not going to spike much in 2019.

Baltic dry index - 1112

Today, Friday, January 18 2019, the Baltic Dry Index climbed by 35 points, reaching 1112 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.
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Related stocks: Sesmbcorp Marine, Cosco & Pan Oeean

US rig count - 1050

The US drilling rig count dropped 25 units to reach 1,050 rigs working for the week ended Jan. 18. The count is up 114 units from the 936 rigs working this time a year ago, according to Baker Hughes data.
Twenty-three fewer rigs were drilling on land week-over-week, bringing the number to 1,029. Two fewer rigs were counted offshore, bringing to 19 the total number of units drilling. Inland waters were unchanged at 2 rigs working for the week.
US oil-directed rigs dropped 21 units from last week to 852 units working but remained up from the 747 rigs drilling for oil this week a year ago. Gas-directed rigs were down 4 units at 198, and up from the 189 units drilling for gas a year ago.
Among the major oil and gas-producing states, Texas was down 11 rigs to 521 units working. Oklahoma was down 10 units to 126. California, down 3 units this week, reached 7 rigs working. Louisiana and Kansas, with respective counts of 61 and 1, were down 2 units each. Pennsylvania, at 48 this week, and Colorado, at 34, were down 1 rig each.
Utah was unchanged this week at 6 units working.
Six states were up 1 unit. These were New Mexico, 108; North Dakota, 54; Wyoming, 34; Ohio, 17; West Virginia, 15; and Alaska, 10.
Canada has added 25 rigs for the week. While the jump puts the total number of rigs running at 209, the count is less than the 325 units drilling this week a year ago.
The number of oil-directed rigs in Canada increased by 25, bringing the count to 128 rigs for the week. Gas-directed rigs were unchanged at 81 units.
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Related stocks:  Keppel Corp, Sembcorp Marine & Cosco

Friday, January 18, 2019

Courts Asia - Stock calls


Date Analyst Company Last Target Call Valuation
06/04/18 Lim & Tan CourtsAsia 0.215 0 Hold