Stock calls for 15 February 2019

Date	Analyst	Company	Last	Target	Call	Valuation
02/15/19	Phillip	A-Reit	2.75	2.88	Accumulate
02/15/19	phillip	Cache Logistics	0.71	0.75	Neutral
02/15/19	Phillip	CapitaCommercial	1.86	1.93	Accumulate
02/15/19	Phillip	Capitamall Trust	2.38	2.09	Neutral
02/15/19	Phillip	CapitaRetail China	1.39	1.66	Accumulate
02/15/19	phillip	Dasin Retail	0.885	0.95	Accumulate
02/15/19	phillip	EC World Reit	0.745	0.82	Buy
02/15/19	Phillip	Frasers Centrepoint Trust	2.24	2.21	Neutral
02/15/19	DMG & Partners	Genting	1.1	1.23	Buy	DCF
02/15/19	DBS Vickers	Jumbo	0.415	0.44	Hold	PER23x FY19
02/15/19	CIMB	Jumbo	0.415	0.52	Add	PER21x FY20
02/15/19	Phillip	Keppel DC Reit	1.45	1.52	Accumulate
02/15/19	OCBC	KSH	0.52	0.81	Buy
02/15/19	Phillip	Mapletree Industrial	1.99	2.03	Neutral
02/15/19	UOB Kay Hian	Netlink	0.805	0.92	Buy	DCF
02/15/19	Citi Research	SATS	5.08	6	Buy
02/15/19	CIMB	SIA	9.87	10.25	Hold
02/15/19	DBS Vickers	SIA	9.87	11	Buy	PB0.9x FY20
02/15/19	Lim & Tan	SIA	9.87	0	Hold
02/15/19	DBS Vickers	Silverlake	0.515	0.62	Buy	PER21x FY19
02/15/19	OCBC	Singtel	3.03	3.79	Buy
02/15/19	DMG & Partners	Singtel	3.03	3.22	Neutral	Sum of parts
02/15/19	OCBC	Starhub	1.9	1.64	Sell
02/15/19	DMG & Partners	Starhub	1.9	2.02	Neutral	DCF
02/15/19	DBS Vickers	Starhub	1.9	1.92	Hold	DCF
02/15/19	Lim & Tan	Starhub	1.9	0	Sell
02/15/19	DBS Vickers	Thai Beverage	0.72	0.87	Buy
02/15/19	UOB Kay Hian	Valuetronics	0.71	0.87	Buy

Germany almost got into a recession.

https://sg.finance.yahoo.com/news/german-economy-stalled-fourth-quarter-just-escaping-recession-071949553--finance.html

Germany will enter a recession soon if the US-China trade war continues unabatedly.  We've been warning about this previously.

http://sg-stock.blogspot.com/2019/02/our-prediction-for-eu-is-coming-to.html

UK economy will perform badly this year!

https://sg.finance.yahoo.com/news/china-cancels-trade-talks-uk-protest-over-defence-091441063--business.html

The UK economy will perform badly this year because of Brexit and the absence of the UK-China trade deal.  Without a China trade deal, the UK will suffer tremendously because EU is not growing.

Indofood Agri - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/15/18	DBS Vickers	Indofood Agri	0.405	0.48	Hold
03/02/18	DBS Vickers	Indofood Agri	0.34	0.36	Hold	DCF
04/13/18	DBS Vickers	Indofood Agri	0.325	0.36	Hold
05/02/18	DBS Vickers	Indofood Agri	0.32	0.36	Hold	DCF
08/03/18	DBS Vickers	Indofood Agri	0.225	0.21	Hold	DCF
09/13/18	DBS Vickers	Indofood Agri	0.183	0.21	Hold
10/11/18	DBS Vickers	Indofood Agri	0.215	0.21	Hold	DCF
11/01/18	DBS Vickers	Indofood Agri	0.2	0.19	Hold	DCF

IHH Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/18	DMG & Partners	IHH Healthcare	2.05	2.36	Buy	DCF/SOP-based Ringgit $7 target price
03/20/18	DBS Vickers	IHH Healthcare	2.02	2.29	Buy	Sum of parts, Ringgit $6.81 target
03/23/18	MIDF	IHH Healthcare	2.01	2.32	Buy	Ringgit $6.91 target price
04/17/18	Kim Eng	IHH Healthcare	2.05	2.36	Buy	Sum of parts, Ringgit $7 target price
04/17/18	UOB Kay Hian	IHH Healthcare	2.05	2.31	Buy	Ringgit $6.86
04/26/18	DBS Vickers	IHH Healthcare	2.04	2.31	Buy	Rinngit $6.81 target
05/28/18	DMG & Partners	IHH Healthcare	2.08	2.36	Buy	DCF & Sum of parts & EV/Ebitda 18x FY19,  Ringgit $7 target price
08/21/18	CIMB	IHH Healthcare	1.84	2.29	Add	Ringgit $6.86 target
08/21/18	DBS Vickers	IHH Healthcare	1.84	2.14	Buy	Ringgit $6.35 target price
08/29/18	CIMB	IHH Healthcare	1.85	2.2	Add	Sum of parts, Ringgit $6.63 target
10/10/18	DBS Vickers	IHH Healthcare	1.81	2.11	Buy	Ringgit $6.35 target price
11/28/18	UOB Kay Hian	IHH Healthcare	1.57	1.95	Buy	Sum of parts, PER36x FY19
11/28/18	DBS Vickers	IHH Healthcare	1.57	2.08	Buy	Ringgit $6.35 target price
11/30/18	CIMB	IHH Healthcare	1.8	2.1	Add	Sum of parts, Ringgit $6.40 target price
01/17/19	Kim Eng	IHH Healthcare	1.86	2.13	Buy	Sum of parts, Ringgit $6.45 target price

IFS Capital - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/17/18	Amfrasers	IFS Capital	0.21	0.29	Buy	PB0.7x FY18
01/15/19	Amfrasers	IFS Capital	0.225	0.29	Buy	PB0.7x FY18

Stock calls for 14 February 2019

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/19	DMG & Partners	Avi-Tech	0.29	0.3	Neutral	DCF
02/14/19	phillip	Comfortdelgro	2.38	2.72	Accumulate	DCF, PER18.5x FY19
02/14/19	UOB Kay Hian	Comfortdelgro	2.38	2.66	Buy
02/14/19	OCBC	Comfortdelgro	2.38	2.38	Hold
02/14/19	DMG & Partners	Comfortdelgro	2.38	2.65	Buy
02/14/19	DBS Vickers	Comfortdelgro	2.38	2.57	Buy	DCF & PER16x FY19
02/14/19	DBS Vickers	Far East Hospitality	0.635	0.7	Buy	DCF
02/14/19	CIMB	Far East Hospitality	0.635	0.68	Add	DDM
02/14/19	Kim Eng	Far East Hospitality	0.635	0.75	Buy	DDM
02/14/19	OCBC	Far East Hospitality	0.635	0.68	Buy
02/14/19	CIMB	Frasers Property	1.7	2.08	Add
02/14/19	DBS Vickers	Frasers Property	1.7	1.98	Buy	RNAV (35% discount)
02/14/19	phillip	HMI	0.550	0.77	Buy	DCF
02/14/19	DMG & Partners	Kimly	0.245	0.24	Neutral	DCF
02/14/19	DBS Vickers	MM2 Asia	0.3	0.33	Hold	Sum of parts
02/14/19	DBS Vickers	Perennial Reit	0.645	0.83	Buy	RNAV (55% discount)
02/14/19	phillip	SATS	4.98	5.47	Accumulate	DCF, PER24.6x FY19
02/14/19	OCBC	SATS	4.98	5.23	Hold
02/14/19	CIMB	SATS	4.98	5.46	Add	PER20.3x
02/14/19	Lim & Tan	SATS	4.98	0	Hold
02/14/19	DBS Vickers	SATS	4.98	5.59	Buy
02/14/19	Kim Eng	SATS	4.98	5.8	Buy
02/14/19	Kim Eng	Valuetronics	0.74	1.05	Buy	ROE-g/COE-g, PB2.1x FY20
02/14/19	DMG & Partners	Valuetronics	0.74	0.78	Neutral	DCF
02/14/19	CIMB	Valuetronics	0.74	0.73	Hold	PER8.5x CY19
02/14/19	OCBC	Wing Tai	2.03	2.41	Buy

Who is more eager to conclude a trade deal? Trump or Xi?

https://sg.finance.yahoo.com/news/china-reports-january-exports-us-053525759.html

China reports January exports to US fall 2.4 percent from year earlier, imports of American goods sinks 41.2 percent.

The statistics clearly show that Trump will be more eager to conclude a trade deal than Xi as the US cannot wean itself off China goods because its citizens have limited savings.

US national debt hits US$22t now!

http://www.mainepublic.org/post/us-national-debt-hits-22-trillion-new-record-thats-predicted-fall

The US is not able to repay its debt but the music still plays on.

The day of reckoning will come one day.

China had a trade surplus of US$39.2B in January 2019,

https://www.reuters.com/article/global-markets/global-markets-asia-offers-muted-cheer-as-china-trade-beats-forecasts-idUSL3N20904E

https://www.scmp.com/economy/china-economy/article/2186084/chinas-exports-shot-dramatically-january-despite-us-china

The US-China trade war has caused US imports in China to fall by 41% in January.  This shows that the Chinese consumers are nationalistic and are boycotting the US products now especially the US consumer goods.

FBI raided Huawei lab recently.

https://sputniknews.com/us/201902051072129322-fbi-raided-huawei-lab-sting-operatin/

The US is adamant to destroy Huawei just like what it did to China ZTE.

Why?

This is because Huawei holds the most patents in 5G technology and the US cannot develop its own 5G without infringing on Huawei's patents.

http://sg-stock.blogspot.com/2019/01/the-real-reason-behind-ban-of-huaweis-5g.html

Ifast Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/15/18	DBS Vickers	Ifast Corp	0.88	1.26	Buy	DDM
04/30/18	DBS Vickers	Ifast Corp	0.9	1.26	Buy	DDM
07/30/18	DBS Vickers	Ifast Corp	1.09	1.26	Buy	DDM
10/30/18	DBS Vickers	Ifast Corp	1.14	1.33	Buy	DDM

Hutchison Port - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/06/18	OCBC	Hutchison Port	0.375	0.43	Buy
02/06/18	DBS Vickers	Hutchison Port	0.375	0.39	Hold	DCF, Buy @ $0.35
04/16/18	OCBC	Hutchison Port	0.33	0.43	Buy
04/16/18	DBS Vickers	Hutchison Port	0.33	0.38	Buy	DCF
06/01/18	OCBC	Hutchison Port	0.275	0.43	Buy
06/05/18	DBS Vickers	Hutchison Port	0.28	0.38	Buy
06/07/18	OCBC	Hutchison Port	0.305	0.375	Buy
07/03/18	UOB Kay Hian	Hutchison Port	0.28	0.34	Not Rated
07/17/18	OCBC	Hutchison Port	0.28	0.37	Buy
07/24/18	OCBC	Hutchison Port	0.275	0.36	Buy
07/25/18	DBS Vickers	Hutchison Port	0.27	0.28	Hold	DCF
10/24/18	OCBC	Hutchison Port	0.245	0.36	Buy
11/30/18	Lim & Tan	Hutchison Port	0.26	0	Hold
02/13/19	OCBC	Hutchison Port	0.26	0.22	Sell
02/13/19	DBS Vickers	Hutchison Port	0.26	0.26	Hold	DCF

HRnetGroup - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
01/03/18	DBS Vickers	CHZ	HRnetGroup	0.79	0.96	Buy	21.52	DCF & PER15x FY18 (ex-cash)
01/09/18	DMG & Partners	CHZ	HRnetGroup	0.82	1.14	Buy	39.02	DCF
02/15/18	DMG & Partners	CHZ	HRnetGroup	0.81	1.14	Buy	40.74	DCF
02/27/18	Credit Suisse	CHZ	HRnetGroup	0.805	1.06	Outperform	31.68
02/27/18	DBS Vickers	CHZ	HRnetGroup	0.805	0.97	Buy	20.50	PER15x FY18, Ex-cash
05/11/18	DBS Vickers	CHZ	HRnetGroup	0.83	0.98	Buy	18.07	DCF & PER15x (ex-cash)
05/11/18	DMG & Partners	CHZ	HRnetGroup	0.83	1.14	Buy	37.35	DCF
06/11/18	DBS Vickers	CHZ	HRnetGroup	0.84	0.98	Buy	16.67
06/27/18	DMG & Partners	CHZ	HRnetGroup	0.865	1.18	Buy	36.42	DCF
08/13/18	DMG & Partners	CHZ	HRnetGroup	0.9	1.18	Buy	31.11	DCF
08/14/18	DBS Vickers	CHZ	HRnetGroup	0.885	1.01	Buy	14.12	PER15x FY19, ex-cash
09/26/18	CIMB	CHZ	HRnetGroup	0.87	1.1	Add	26.44	PER18x CY20
11/12/18	DMG & Partners	CHZ	HRnetGroup	0.815	1.18	Buy	44.79	DCF
11/12/18	DBS Vickers	CHZ	HRnetGroup	0.815	1.1	Buy	34.97	PER15x FY19, ex-cash
11/12/18	CIMB	CHZ	HRnetGroup	0.815	1.1	Add	34.97	PER18x CY20
12/14/18	DMG & Partners	CHZ	HRnetGroup	0.79	1.18	Buy	49.37
01/02/19	DMG & Partners	CHZ	HRnetGroup	0.8	1.18	Buy	47.50	DCF

Stock calls for 13 February 2019

Date	Analyst	Company	Last	Target	Call	Valuation
02/13/19	Phillip	800Super	0.685	0	Cease Coverage	DCF
02/13/19	Lim & Tan	Far East Hospitality	0.64	0	Buy
02/13/19	phillip	Geo Energy	0.198	0.245	Buy
02/13/19	phillip	Golden Energy	0.245	0.36	Buy
02/13/19	UOB Kay Hian	HMI	0.535	0.73	Buy	DCF
02/13/19	OCBC	Hutchison Port	0.26	0.22	Sell
02/13/19	DBS Vickers	Hutchison Port	0.26	0.26	Hold	DCF
02/13/19	DMG & Partners	Moya Asia	0.082	0.11	Buy	DCF
02/13/19	Kim Eng	OCBC	11.41	10.95	Hold
02/13/19	CIMB	Thai Beverage	0.72	0.83	Add	Sum of parts

Singapore retail sales down 6% in December!

https://www.channelnewsasia.com/news/business/singapore-retail-sales-down-6-per-cent-december-11232574

The decline in the retail sales figure is not surprising because the retailers cannot capitalize on the festive seasons.

http://sg-stock.blogspot.com/2018/11/the-national-council-of-churches-of.html

SMRT safety is in doubt again!

https://www.reuters.com/article/us-bombardier-swiss/swiss-say-bombardier-trains-still-not-meeting-expectations-idUSKCN1Q01HQ

New Bombardier trains have safety issues and the Swiss refuse to take the deliveries.

We ordered 66 new MRT trains from Bombardier too.

http://sg-stock.blogspot.com/2018/07/singapore-awards-new-66-mrt-trains-to.html

Hotel Properties (HPL) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/18	OCBC	Hotel Properties	3.78	4.74	Buy	RNAV
03/09/18	OCBC	Hotel Properties	3.77	4.74	Buy
06/18/18	OCBC	Hotel Properties	3.73	4.74	Buy
10/15/18	OCBC	Hotel Properties	3.68	4.74	Buy

Hongkong Land - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/09/18	CIMB	Hongkong Land	6.76	9.1	Add	RNAV (35% discount)
03/09/18	Lim & Tan	Hongkong Land	6.76	0	Buy
03/12/18	DBS Vickers	Hongkong Land	7.02	8.53	Buy	RNAV (35% discount)
03/13/18	CIMB	Hongkong Land	7	9.5	Add	RNAV (30% discount)
05/11/18	DBS Vickers	Hongkong Land	7.26	8.53	Buy
07/03/18	UOB Kay Hian	Hongkong Land	7.13	8.55	Not Rated
07/24/18	DBS Vickers	Hongkong Land	7.2	8.57	Buy
07/27/18	CIMB	Hongkong Land	7.15	9.5	Add	RNAV (30% discount)

Hong Leong Finance - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/18	DBS Vickers	Hong Leong Finance	2.77	3.2	Buy
02/28/18	DBS Vickers	Hong Leong Finance	2.68	3.2	Buy	GGM, PB0.8x FY17
05/03/18	DBS Vickers	Hong Leong Finance	2.8	3.2	Buy	GGM
08/14/18	DBS Vickers	Hong Leong Finance	2.7	3.2	Buy	GGM, PB0.7x FY19
11/15/18	DBS Vickers	Hong Leong Finance	2.57	3.2	buy	GGM, PB0.7x FY19

Stock calls for 12 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/12/19	DMG & Partners	APAC Realty	0.5	0.72	Buy
02/12/19	DBS Vickers	APAC Realty	0.5	0.56	Hold
02/12/19	UOB Kay Hian	Bumitama	0.685	0.81	Buy
02/12/19	Kim Eng	DBS	24.36	30.18	Buy
02/12/19	DMG & Partners	ESR-Reit	0.515	0.61	Buy	DDM
02/12/19	Amfrasers	Japan Foods	0.415	0.57	Hold	DCF
02/12/19	Kim Eng	M1	2.04	1.77	Sell
02/12/19	Lim & Tan	Manulife US Reit	0.855	0	Hold
02/12/19	DMG & Partners	Manulife US Reit	0.855	0.94	Buy	DDM
02/12/19	DBS Vickers	Manulife US Reit	0.855	0.92	Buy	DCF
02/12/19	OCBC	Mapletree Industrial	2.03	2.04	Hold
02/12/19	CIMB	SIA Engineering	2.39	3.11	Add	DCF
02/12/19	DBS Vickers	SIA Engineering	2.39	2.7	Hold	DCF & PER16x FY20 & Div Yield 4.5% & EV/Ebitda11x
02/12/19	DBS Vickers	Singtel	3.05	3.5	Buy	Sum of parts
02/12/19	Kim Eng	Singtel	3.05	3.39	Hld
02/12/19	Kim Eng	UOB	25.34	30.5	Buy
02/12/19	Lim & Tan	UOL	6.57	0	Buy
02/12/19	CIMB	Venture	15.97	17.44	Add	PER12.56x FY20
02/12/19	DBS Vickers	Yoma	0.345	0.4	Buy

Apple sales in China continue to plunge!

https://finance.yahoo.com/news/apple-apos-iphone-shipments-plunge-053428475.html

A 20% plunge for Apple is no joke! However, Huawei's sales increased by 23% in China.

The Chinese will boycott Apple as Huawei gets banned in overseas. Good luck to apple!

Death knell is bellowing for SGX as a securities market.

https://finance.yahoo.com/news/incredible-shrinking-singapore-stock-market-180030820.html

The Bloomberg article has corroborated our previous analyses about SGX below.

http://sg-stock.blogspot.com/2018/12/sgx-has-lost-its-ipo-crown-jewel-status.html

http://sg-stock.blogspot.com/2018/06/sgx-is-snubbed-by-another-local-ipo.html

http://sg-stock.blogspot.com/2017/10/sgx-doesnt-understand-capital-market.html

http://sg-stock.blogspot.com/2017/04/sgx-is-finding-increasingly-hard-to.html

Hong Lai Huat - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/19/18	SAC Advisors	Hong Lai Huat	0.2	0.51	Buy	RNAV (40% discount), PB0.8x FY18
12/20/18	SAC Advisors	Hong Lai Huat	0.22	0.51	Buy

Hock Lian Seng - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/20/18	UOB Kay Hian	Hock Lian Seng	0.495	0.63	Buy
02/27/18	UOB Kay Hian	Hock Lian Seng	0.51	0.65	Buy

Ho Bee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/18	Kim Eng	Ho Bee	2.48	3.15	Buy	RNAV (30% discount)
03/02/18	phillip	Ho Bee	2.51	2.98	Accumulate	RNAV (30% discount)
04/11/18	Kim Eng	Ho Bee	2.54	3.15	Buy
04/27/18	Kim Eng	Ho Bee	2.54	3.3	Buy	RNAV (30% discount)
04/27/18	Lim & Tan	Ho Bee	2.54	0	Buy
04/30/18	phillip	Ho Bee	2.56	2.98	Accumulate	RNAV (30% discount)
06/05/18	UOB Kay Hian	Ho Bee	2.49	3.02	Buy
06/18/18	Lim & Tan	Ho Bee	2.37	0	Buy
06/20/18	Kim Eng	Ho Bee	2.36	3.3	Buy	RNAV (30% discount)
07/09/18	phillip	Ho Bee	2.3	2.98	Accumulate
07/09/18	Kim Eng	Ho Bee	2.3	3.05	Buy
08/14/18	phillip	Ho Bee	2.52	2.98	Accumulate	RNAV (30% discount)
08/16/18	CIMB	Ho Bee	2.57	2.9	Add
08/24/18	CIMB	Ho Bee	2.65	3	Add	RNAV (40% discount)
09/06/18	Kim Eng	Ho Bee	2.59	3.05	Buy
09/18/18	CIMB	Ho Bee	2.49	3	Add
10/02/18	CIMB	Ho Bee	2.59	3	Add
11/09/18	UOB Kay Hian	Ho Bee	2.5	2.79	Buy	RNAV (30% discount)
12/07/18	UOB Kay Hian	Ho Bee	2.41	2.79	Buy	RNAV (30% discount)

Stock calls for 11 February 2019

Date	Analyst	Company	Last	Target	Call	Valuation
02/11/19	CIMB	CDL Hospitality	1.62	1.8	Add
02/11/19	Jefferies	City Developments	9.16	12	Buy
02/11/19	OCBC	First Reit	1.14	0.97	Sell
02/11/19	Kim Eng	SIA Engineering	2.52	2.85	Buy	DCF
02/11/19	OCBC	SIA Engineering	2.52	2.47	Hold
02/11/19	phillip	SIA Engineering	2.52	2.66	Neutral	DCF
02/11/19	UOB Kay Hian	SIA Engineering	2.52	2.55	Hold
02/11/19	UOB Kay Hian	Venture	15.72	12.9	Hold

Renminbi (RMB) has depreciated after we warned of an anomaly.

\

The RMB has depreciated after our warning about the abnormal appreciation.

http://sg-stock.blogspot.com/2019/01/renminbi-rmb-is-appreciating-abnormally.html

The Chinese Central Bank has successfully addressed the anomaly as its recent monetary policies are mostly liquidity driven.

The US is interfering in Venezuela political affairs again!

https://news.yahoo.com/exclusive-u-direct-contact-venezuelan-military-urging-defections-043606414.html

The current Venezuelan President is after all an elected president who won in an open election, not the same as SG president.

Therefore, the only way to oust him is to defeat him in an open election, not supporting and recognising the opposition man as the legitimate president.

However, the USA is afraid that the current President may win again in another open election.  Therefore, the USA is trying to oust him by interfering in Venezuela's political and domestic affairs.

The USA doesn't like other countries to meddle in its political affairs but the USA likes to meddle in another country's affairs.  Shame on you, USA!

http://sg-stock.blogspot.com/2018/07/trump-wants-to-invade-venezuela.html

http://sg-stock.blogspot.com/2018/03/httpssg_1.html

http://sg-stock.blogspot.com/2018/02/the-usa-is-adamant-to-destroy-venezuela.html

http://sg-stock.blogspot.com/2017/09/venezuela-president-is-urging-its.html

http://sg-stock.blogspot.com/2017/09/usa-is-trying-to-topple-venezuela.html

Baltic dry index - 601

Today, Friday, February 08 2019, the Baltic Dry Index decreased by 9 points, reaching 601 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: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 1049

The US drilling rig count is up 4 units to 1,049 rigs working for the week ended Feb. 8, according to Baker Hughes data. The count is also up 74 units from the 975 rigs working this time a year ago.

With a 4-unit gain week-over-week, 1,029 rigs are drilling on land. The number of rigs drilling offshore remained unchanged at 19 units as did those units drilling in inland waters where a single unit remains for the week.

US oil-directed rigs are up 7 from last week to 854 units working, and up from the 791 rigs drilling for oil this week a year ago. Gas-directed rigs are down 3 units at 195 yet up from the 184 units drilling for gas a year ago.

Among the major oil and gas-producing states, only three saw a week-over-week increase. Alaska and California each gained 4 units to reach 11 and 10 rigs, respectively. Wyoming saw a single-unit gain increase to 34.

Eight states are unchanged this week: Louisiana, 62; North Dakota, 58; Pennsylvania, 47; Colorado, 35; Ohio, 18; West Virginia, 17; Utah, 8; and Kansas, 0.

The largest decrease comes from Texas where a 3-unit drop brought the total number of rigs to 511. Oklahoma dropped 2 units to reach 120 rigs. With a one-rig decrease, New Mexico stands at 111 rigs working for the week.

Canada’s rig count is down 3 units for the week. At 240 rigs, the count is less than the 325 units drilling this week a year ago. Two of the dropped rigs are gas-directed, bringing the count to 82 for the week. Oil-directed rigs in Canada are down a single rig to 158.

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