Tuesday, November 24, 2020
Monday, November 23, 2020
Sunday, November 22, 2020
Hot news: China's new anti-stealth radars can detect, track and shoot F22 & F35.
Congrats to China for developing such an advanced anti-stealth radar!
The US will lose its air superiority during a US-China war in the South China Sea.
China can use the new radars to detect and track F22 & F35 whenever the US and Japan conduct military exercises in the South China Sea so that China can collect the US military data to prepare itself for a future war.
Saturday, November 21, 2020
Flight alert: Singapore must ban India flights after suspending SG-HK flights for 2 weeks.
Singapore must ban India flights now because India is exporting covid to other countries!
HK has banned India flights till 3 Dec 2020 and SG must do the same or else our import cases will keep rising.
Trump is embarking on a self-preservation journey to exonerate himself.
What did Trump do?
https://sg.finance.yahoo.com/news/trump-strips-us-fed-emergency-132252747.html
Trump is upping his petulant ante to force President-elect Joe to exonerate him from any criminal offence after leaving the President post.
As we can see, Trump is willing to cause more deaths and wreck the US economy just to achieve his personal agenda.
Why is Trump doing these?
Trump understands very well that the US is a dealmaking country and its judiciary system allows the prosecutor to negotiate and strike a deal with the defendant over a conviction. Trump is a dealmaker and he will do whatever it takes to exonerate himself.
Friday, November 20, 2020
China is gradually moving away from USD.
China has been reducing its US treasuries and diversifying its investments.
China is also raising its funds in euros instead of USD.
https://finance.yahoo.com/news/china-set-sell-first-negative-020645206.html
China is also buying more Japanese bonds nowadays.
https://asia.nikkei.com/Economy/China-triples-Japan-government-bond-purchases2
As China is a big investor, the US will find it harder to raise debts and it will have to increase its interest rates to attract other buyers. However, foreign buyers are also shrinking and the US FED has to pick up the tab.
The US will become like Japan whereby the government will own the majority of its own debts if this phenomenon continues unabated because this is the only way to keep interest rates low to boost economic growth.
OMG! Singapore is trying to divide ASEAN now to show its support for the US. - Part 2
https://www.thestar.com.my/aseanplus/aseanplus-news/2020/11/19/pm-lee-all-want-to-work--with-china
PM Lee had given our ex-diplomat a tight slap on his face by stating clearly that excluding China was not workable.
http://sg-stock.blogspot.com/2020/10/omg-singapore-is-trying-to-divide-asean.html
Travel alert: HK's fourth wave has started!
https://sg.news.yahoo.com/hong-kong-facing-12-cases-041934229.html
Good luck to those people who had bought the tickets recently to fly to HK by using the SG-HK travel bubble scheme.
It is still unsafe to travel overseas because of the new virus strain that is spreading around the globe.
The HK top infectious disease experts have urged the HK government to take urgent action and this means that the situation is very dire in HK.
Thursday, November 19, 2020
Wednesday, November 18, 2020
Tuesday, November 17, 2020
Singapore Nodx declined 3.1% in October 2020.
Year on year changes (YOY):
October 2020: -3.1%
September 2020: 5.9%
August 2020: 7.7%
July 2020: 6%
June 2020: 16.1% (Revised to 13.9%)
May 2020: -4.6%
April 2020: 9.7%
March 2020: 17.6%
February 2020: 3% (Revised to 3.1%)
January 2020: - 3.3%
December 2019: 2.4%
November 2019: - 5.9%
October 2019: - 12.3%
September 2019: -8.1%
August 2019: - 8.9%
July 2019: -11.2%
June 2019: -17.3%
May 2019: -15.9%
April 2019: -10%
March 2019: -11.7%
February 2019: 4.9%
January 2019: -10.1%
December 2018: -8.5%
November 2018: -2.6%
October 2018: 8.3%
September 2018: 8.3%
August 2018: 5%
July 2018: 11.8% (Corrected)
June 2018: 1.1%
May 2018: 15.5%
April 2018: 11.8%
March 2018: -2.7%
February 2018: -5.9%
January 2018: 13%
December 2017: 3.1%
November 2017: 9.1%
October 2017: 20.9%
September 2017: -1.1%
August 2017: 16.7%
July 2017: 8.5%
June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Hot news - UK PM is back in quarantine again!
https://www.newser.com/story/298811/boris-johnson-under-quarantine-again.html
The UK PM is back in quarantine again. He is making a false claim about covid, just like Donald Trump. I don't know why western leaders like to make false claims nowadays.
http://sg-stock.blogspot.com/2020/08/covid-19-immunity-can-only-last-about-4.html
PM Boris contracted covid about 8 months ago and his immunity would have disappeared completely after so many months. Therefore, he is likely to contract covid again since covid immunity is only temporary.
Monday, November 16, 2020
Italy found covid-19 cases in September 2019, much earlier than thought.
https://sg.news.yahoo.com/coronavirus-emerged-italy-earlier-thought-173825186.html
When a country starts to use scientific handling instead of political handling, it will discover the truth about covid.
Italy found covid cases as early as September 2019 but the Wuhan outbreak started in November. Well, Italy didn't report this when the US accused China of creating the virus.
We had already stated that the virus origin was not in China.
http://sg-stock.blogspot.com/2020/09/the-truth-behind-covid-19-outbreak-is.html
Why did China clamp down on Ant's IPO?
I received a request to give my opinion on the cancellation of Ant's IPO. Here it goes!
If you understand Ant's business model and the political background of Alibaba, you would have expected China to take action against Ant. Why?
http://sg-stock.blogspot.com/2017/11/china-government-is-targeting-jack-ma.html
Jiang Zemin's caucus has been trying to disrupt China's economy by using the entrepreneurs that are groomed for its own agenda and Alibaba is one of the business groups. Jiang Zemin's grandson is on board Alibaba as one of its biggest shareholders.
Jiang Zemin is still using the same tactic of trying to leave colossal debts in the banking sector so that China's financial industry will be crumbled by the high non-performing loans.
Ant's fundamental business is its microlending business (huabei & jiabei) which provides small loans without collaterals. Under the existing business structure, Ant only puts up 2% of its own cash and outsources 98% of cash loans to China banks without collaterals. This puts the banking industry in an extremely vulnerable position as the high-risk debts put tremendous stresses on the banks. Basically, Jiang Zemin is using the same old trick again through Ant.
Therefore, China has decided to rein in Ant's business by imposing Ant to put up at least 30% of its own cash loans and restrict the loan criteria. The new restrictions will definitely crumple Ant's revenues but they will save the banking industry. Therefore, the future Ant's profitability will be limited and its IPO valuation will have to be reduced significantly.
Saturday, November 14, 2020
S&P 500 Technical analysis. - Part 15
A new candlestick gap had developed for the S&P recently which was providing a very good support level. Although the S&P had closed below the 5-day SMA recently, it didn't close below the candlestick gap. Therefore, the bullish trend is still intact.
Friday, November 13, 2020
Thursday, November 12, 2020
US treasury yields have been creeping up. What's the repercussion?
The US 10-year yield has been creeping up from 0.67% (28 Sep) to 0.98% (10 Nov) which is a whopping 46% increase.
The 10-year yield is the risk-free rate and is used as the discount rate or factor in many financial models (DDM, DCF, CAPM, etc). The asset values which are derived from the aforesaid financial models will be impacted because the ever-increasing discount rate will cause the valuations to fall since the future incomes are discounted to present values.
If a company's profitability is not rising faster than the risk-free rate, then the company's stock valuation will have to fall due to the higher discount rate. This is something we need to watch out for.
Western forces are behind Thailand (BKK) protests! - Part 6
“The real goal of U.S.-backed unrest in Thailand is similar to its motivations for sowing chaos in Hong Kong,” Berletic said in one of his blog posts. “Obviously the U.S. would prefer a client regime completely dependent on Washington financially and politically.”
The Thai government has managed to find the US links to the BKK protests. NED is involved in the BKK protests, just like the HK's protests. The Thai government has found a way to quell the protests funded by the US. Have you guys noticed that the BKK protests have toned down?
We had stated earlier that the BKK protests were funded by the west.
http://sg-stock.blogspot.com/2020/11/western-forces-are-behind-thailand-bkk.html
Wednesday, November 11, 2020
China will be setting 6G standards after 5G.
https://www.bbc.com/news/av/world-asia-china-54852131
China has just sent its 6G satellite into orbit and will be setting the 6G standards after 5G.
The US has not even deployed its 5G yet but China has already deployed its 5G in many provinces.
Well done, China!
Tuesday, November 10, 2020
Sweden has just done a U-turn on Huawei after Trump's loss. That's the harsh reality!
The Swedish's action has proven that Huawei's ban is purely political in nature and Sweden has corrected its mistake after Trump loses his election. If it is really a security issue, Sweden won't change its stance no matter who the US president is.
Mike Pompeo will lose his job after 20 January 2021 and his recent overseas visits (anti-china call) will yield little results because no country will take him seriously after Trump's loss.
Monday, November 9, 2020
"Great" vaccine news causes US stock markets to rise like crazy!
The US stock markets are rising like crazy after the "GREAT" vaccine news is released.
https://www.cnbc.com/2020/11/08/election-stock-market-futures-open-to-close-news.html
It is astonishing that the US vaccine news can cause such euphoric stock market movements in the US whilst China's vaccine is also very effective in preventing Covid but doesn't trigger the same stock effect.
https://www.globaltimes.cn/content/1206008.shtml
The US investors are jumping the gun too early because the scientists have not confirmed the longevity of the vaccination since the scientists need more time to compile and verify the data.
Our natural immunity could only last about 4 months. If the US vaccine is only able to trigger our natural immunity against Covid, then the immunity period won't be too long too.
http://sg-stock.blogspot.com/2020/08/covid-19-immunity-can-only-last-about-4.html
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