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.

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.

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.

Mobile phone exploded in the chest pocket could cause serious damage to your body.

This is a very GROTESQUE video of the damage to a body when a mobile phone exploded in a chest pocket.

Do not place mobile phone in your chest pocket or pants' pocket!

A glimpse of China Air Force prowess.

It's always thrilling to watch the air force training.  Enjoy!

Typhoon Noru in Japan!

More and more countries are getting torrential rain and typhoon effects which are worse than before.

Nature is angry now! We need to stop climate change or else we will suffer for our own doings.

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.

Flying dragon captured on cam in China.

A flying dragon or a flying dinosaur?

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.

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.

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.

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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.

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.

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.

Arkansas, California, Colorado, Ohio, 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.

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Related stocks: Keppel Corp, Sembcorp Marine & Cosco

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.

Singapore stock calls for 4 August 2017

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.

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.

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!

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?

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.