Air strikes against Syria are illegal under UN Charter and international law.

https://pursuit.unimelb.edu.au/articles/does-it-matter-that-strikes-against-syria-violate-international-law

The University of Melbourne states that the air strikes against Syria are illegal.

http://www.xinhuanet.com/english/2018-04/14/c_137110826.htm

The UN Chief is also alarmed by the air strikes against Syria.

Ascendas Hospitality Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	Ascendas Hospitality Trust	0.715	0.84	Buy	DCF
06/19/17	DBS Vickers	Ascendas Hospitality Trust	0.81	0.88	Buy	DCF
01/30/18	DBS Vickers	Ascendas Hospitality Trust	0.875	0.91	Buy
02/02/18	Lim & Tan	Ascendas Hospitality Trust	0.895	0	Hold
02/05/18	DBS Vickers	Ascendas Hospitality Trust	0.885	0.97	Buy	DCF
04/17/18	DBS Vickers	Ascendas Hospitality Trust	0.8	0.97	Buy

Ascott Residence Reit (ART) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/17	OCBC	ART	1.14	1.24	Buy
01/04/17	UOB Kay Hian	ART	1.14	1.3	Buy	DDM
01/09/17	DBS Vickers	ART	1.16	1.32	Buy	DCF
01/18/17	DIR	ART	1.17	1.24	Outperform	DDM
01/24/17	Lim & Tan	ART	1.17	0	Buy
01/25/17	CIMB	ART	1.185	1.14	Hold	DDM
01/25/17	DBS Vickers	ART	1.185	1.28	Buy	DCF
01/25/17	OCBC	ART	1.185	1.22	Hold
01/31/17	Credit Suisse	ART	1.185	1.23	Neutral
02/08/17	DIR	ART	1.14	1.24	Outperform	DDM
03/07/17	Lim & Tan	ART	1.17	0	Hold	CR = 29 for 100 @ $0.919
03/07/17	UOB Kay Hian	ART	1.17	1.3	Buy
03/08/17	CIMB	ART	1.13	1	Reduce	DDM
03/08/17	Credit Suisse	ART	1.13	1.11	Neutral
03/08/17	DIR	ART	1.13	1.12	Hold	DDM
03/08/17	OCBC	ART	1.13	1.16	Hold	Target $1.105 ex-rights 29-for-100 @ $0.919
03/08/17	UOB Kay Hian	ART	1.13	1.2	Hold	DDM, Ex rights 29 for 100 $0.919
03/23/17	OCBC	ART	1.065	1.105	Hold
04/06/17	OCBC	ART	1.1	1.05	Hold
04/11/17	UOB Kay Hian	ART	1.09	1.2	Hold
04/17/17	OCBC	ART	1.09	1.105	Hold
04/18/17	DIR	ART	1.095	1.12	Hold
04/24/17	DBS Vickers	ART	1.09	1.16	Buy	DCF, Ex-Rights
04/24/17	DIR	ART	1.09	1.08	Hold	DDM
04/24/17	OCBC	ART	1.09	1.09	Hold
04/24/17	UOB Kay Hian	ART	1.09	1.15	Hold	DDM, Buy @ $1 or below
05/25/17	UOB Kay Hian	ART	1.12	1.17	Hold	DDM, Buy @ $1
05/31/17	Lim & Tan	ART	1.125	0	Buy
06/01/17	CIMB	ART	1.125	1.05	Hold	DDM
06/01/17	DBS Vickers	ART	1.125	1.16	Buy
06/01/17	OCBC	ART	1.125	1.095	Hold
07/04/17	DBS Vickers	ART	1.16	1.16	Buy
07/04/17	OCBC	ART	1.16	1.095	Hold
07/20/17	Lim & Tan	ART	1.175	0	Sell
07/21/17	CIMB	ART	1.195	1.14	Hold	DDM
07/21/17	DIR	ART	1.195	1.12	Hold	DDM
07/21/17	UOB Kay Hian	ART	1.195	1.18	Hold	DDM, Buy @ $1
07/24/17	DBS Vickers	ART	1.21	1.28	Buy	DCF
08/17/17	DBS Vickers	ART	1.18	1.28	Buy	DCF
09/29/17	OCBC	ART	1.18	1.1	Hold
10/23/17	UOB Kay Hian	ART	1.215	1.18	Hold
10/25/17	OCBC	ART	1.22	1.11	Hold
10/25/17	CIMB	ART	1.22	1.16	Hold	DDM
10/25/17	DBS Vickers	ART	1.22	1.28	Buy	DCF
12/01/17	UOB Kay Hian	ART	1.19	1.23	Hold
01/29/18	UOB Kay Hian	ART	1.26	1.23	Hold
01/29/18	OCBC	ART	1.26	1.16	Hold
01/29/18	DBS Vickers	ART	1.26	1.34	Buy	DCF
03/15/18	UOB Kay Hian	ART	1.16	1.23	Hold
04/17/18	DBS Vickers	ART	1.14	1.34	Buy

Stock calls for 17 April 2018

Date	Analyst	Company	Last	Target	Call	Valuation
04/17/18	DBS Vickers	ART	1.14	1.34	Buy
04/17/18	DBS Vickers	Ascendas Hospitality Trust	0.8	0.97	Buy
04/17/18	DBS Vickers	CDL Hospitality	1.72	2	Buy
04/17/18	CIMB	CSE Global	0.42	0.44	Hold
04/17/18	UOB Kay Hian	Ezion	0.197	0.18	Hold	PB1x FY19, Buy @ $0.151
04/17/18	DBS Vickers	Far East Hospitality	0.68	0.76	Buy
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
04/17/18	Phillip	Keppel DC Reit	1.46	1.47	Neutral	DDM
04/17/18	CIMB	Keppel DC Reit	1.46	1.47	Add	DDM
04/17/18	OCBC	Keppel DC Reit	1.46	1.5	Hold
04/17/18	DBS Vickers	Keppel DC Reit	1.46	1.6	Buy
04/17/18	UOB Kay Hian	M1	1.79	1.6	Sell	DCF
04/17/18	DMG & Partners	M1	1.79	1.95	Neutral	DCF
04/17/18	OCBC	M1	1.79	1.7	Hold
04/17/18	CIMB	M1	1.79	1.85	Hold
04/17/18	Amfrasers	Manulife US Reit	0.925	1.01	Buy
04/17/18	DBS Vickers	OUE Hospitality	0.815	0.93	Buy
04/17/18	OCBC	Soilbuild Reit	0.66	0.7	Buy

Singapore NODX fell 2.7% in March 2018

https://sg.finance.yahoo.com/news/singapore-exports-post-surprise-fall-electronics-decline-continues-045133625--business.html

Year on year changes (YOY):

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%

https://sg-stock.blogspot.sg/2018/03/singapore-nodx-fell-59-in-february-2018.html

US-China trade war is still on-going!

https://sg.finance.yahoo.com/news/u-strike-chinas-zte-another-blow-qualcomm-081535681--finance.html

No US companies will be allowed to deal with China's ZTE for 7 years.

China slaps U.S. sorghum imports with a temporary deposit in an antidumping probe.

https://sg.finance.yahoo.com/news/china-slaps-u-sorghum-imports-temporary-deposit-antidumping-075156707--business.html

80,000 retail stores will close down by 2025.

https://finance.yahoo.com/news/ubs-80000-retail-stores-close-2025-144135475.html

Do you still want to invest in retail mall reits?

We highlighted this problem in our earlier post below.

http://sg-stock.blogspot.sg/2018/01/many-us-retailers-are-closing-down-due.html

Russia is beefing up its military strength in Syria now.

https://finance.yahoo.com/news/russia-sends-warships-laden-tanks-towards-syria-putin-threatens-chaos-another-attack-launched-103537454.html

Thanks to Trump, Putin has the excuse to beef up its military strength in Syria now.

UK PM May is facing criticism in the parliament for the air strikes in Syria because she didn't get the parliament approval for the air strikes.

I don't know what legality PM May was talking about when she didn't call for the motion to be passed.

http://sg-stock.blogspot.sg/2018/04/uk-pm-may-was-lying-outright.html

APTV - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/21/17	Phillip	APTV	0.49	0.64	Buy	DCF, EV/Ebitda10.7x
05/16/17	Phillip	APTV	0.55	0.64	Buy	DCF, EV/Ebitda10.7x
05/17/17	Amfrasers	APTV	0.55	0.65	Buy	DDM
08/15/17	Phillip	APTV	0.58	0.64	Buy
08/16/17	Amfrasers	APTV	0.58	0.6	Buy	DDM
11/14/17	Phillip	APTV	0.605	0.64	Accumulate
02/28/18	Phillip	APTV	0.575	0.62	Accumulate

APAC Realty - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/25/17	Lim & Tan	APAC Realty	0.66	0	Subscribe	IPO
11/09/17	DBS Vickers	APAC Realty	0.89	1.03	Buy	DCF & PER15x FY18
11/13/17	DBS Vickers	APAC Realty	0.905	1.12	Buy	DCF & PER15x FY18
11/30/17	DMG & Partners	APAC Realty	0.885	1.2	Buy	DCF & PER15x FY18
12/06/17	DBS Vickers	APAC Realty	0.865	1.12	Buy	PER15x FY18
01/12/18	DMG & Partners	APAC Realty	0.94	1.2	Buy
02/19/18	DBS Vickers	APAC Realty	1.02	1.12	Buy
02/20/18	DMG & Partners	APAC Realty	1.06	1.2	Buy
02/26/18	DMG & Partners	APAC Realty	1.1	1.35	Buy	DCF
02/26/18	DBS Vickers	APAC Realty	1.1	1.25	Buy	DCF & PER15x FY18
03/20/18	DBS Vickers	APAC Realty	1.19	1.42	Buy	DCF & PER15x FY18
04/10/18	DMG & Partners	APAC Realty	1.17	1.35	Buy

Amara - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/12/17	DMG & Partners	Amara	0.54	0.88	Buy	PB0.65x
05/17/17	DMG & Partners	Amara	0.56	0.88	Buy	PB0.65x
10/09/17	DMG & Partners	Amara	0.53	0.88	Buy
11/15/17	DMG & Partners	Amara	0.54	0.88	Buy	PB0.65x
02/26/18	DMG & Partners	Amara	0.55	0.88	Buy	PB0.65x

Stock calls for 16 April 2018

Date	Analyst	Company	Last	Target	Call	Valuation
04/16/18	Kim Eng	A-Reit	2.69	3.05	Buy
04/16/18	DMG & Partners	A-Reit	2.69	2.9	Buy
04/16/18	Kim Eng	AIMS AMP Cap Ind Reit	1.38	1.5	Buy
04/16/18	Kim Eng	Cache Logistics	0.83	0.95	Buy
04/16/18	phillip	Dairy Farm	8.27	9.83	Buy
04/16/18	DMG & Partners	Dairy Farm	8.27	9.16	Buy
04/16/18	Credit Suisse	DBS	28.42	35.5	Buy
04/16/18	Soochow	EC World Reit	0.735	0.88	Buy
04/16/18	phillip	F & N	2.12	2.83	Buy
04/16/18	OCBC	Hutchison Port	0.33	0.43	Buy
04/16/18	DBS Vickers	Hutchison Port	0.33	0.38	Buy	DCF
04/16/18	DMG & Partners	Kimly	0.34	0.43	Buy	DCF, PER22.8x FY18
04/16/18	DMG & Partners	Manulife US Reit	0.82	1	Buy	DDM
04/16/18	DBS Vickers	Manulife US Reit	0.82	1	Buy
04/16/18	Kim Eng	Mapletree Industrial	2.03	2.2	Buy
04/16/18	Kim Eng	Mapletree Logistics	1.27	1.25	Hold
04/16/18	Credit Suisse	OCBC	13.08	15.75	Buy
04/16/18	phillip	Old Chang Kee	0.775	0.98	Buy
04/16/18	phillip	Sheng Siong	1	1.13	Accumulate
04/16/18	UOB Kay Hian	Singtel	3.37	4.35	Buy
04/16/18	DMG & Partners	ST Engineering	3.67	4.04	Buy
04/16/18	Phillip	Thai Beverage	0.8	1.05	Buy
04/16/18	Kim Eng	Viva Industrial	0.88	1.05	Buy

The western countries are embarking on smearing campaign again.

If we use our common logic, we will know that there is no valid reason for President Assad to use chemical weapons to attack its people because Assad is winning the war in Syria with Russian's help.  Furthermore, the USA was planning to pull out of Syria as it was losing the Syria war against Putin.

https://edition.cnn.com/2018/03/29/politics/trump-withdraw-syria-pentagon/index.html

I believe President Assad can wait for the USA to pull out first before taking over the whole Syria.  There is really no reason for Assad to embark on a chemical warfare.  Thus, this is another smearing plot by the USA to give it a legitimate reason to attack Syria with UK & France.

http://sg-stock.blogspot.sg/2017/10/the-troublemaker-usa-lost-war-in-syria.html

We are seeing the same Iraqi situation in Syria now.  The culprits behind this are US, UK & France.

UK PM May was lying outright!

https://sg.news.yahoo.com/western-missile-attack-syria-legal-british-pm-may-085455147.html

If it was totally legal and right to launch the missile attack against Syria, the UN would have given the mandate to attack Syria.  It is precisely that everything was based on suspicion and without concrete proof that the UN didn't give the mandate to attack Syria.

US, UK & France attacked Syria with missiles!

https://www.bloombergquint.com/markets/2018/04/14/the-world-reacts-to-strikes-against-syria

The situation in Syria has deteriorated because the western countries took unilateral actions against Syria.

This is definitely an act of aggression because this is done without UN mandate.

Baltic dry index - 1014

Today, Friday, April 13 2018, the Baltic Dry Index climbed by 21 points, reaching 1014, 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 - 1008

HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 1,008.

At this time a year ago there were 847 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 815 rigs drilled for oil this week and 192 for gas. One was listed as miscellaneous.

Among major oil- and gas-producing states, Texas added three rigs, Oklahoma gained two while Colorado, Louisiana and Ohio each added one.

Kansas, New Mexico and West Virginia each lost one rig.

Alaska, Arkansas, California, North Dakota, Pennsylvania, Utah and Wyoming were 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.

Singapore is developing a surveillance skynet system.

https://sg.finance.yahoo.com/news/singapore-test-facial-recognition-lampposts-stoking-privacy-fears-073935109--finance.html

A surveillance skynet system will become a part of our lives in the future where our movements will be tracked and monitored by the government.

AIMS AMP Cap Ind Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/26/17	Kim Eng	AIMS AMP Cap Ind Reit	1.415	1.6	Buy	DDM
06/22/17	Kim Eng	AIMS AMP Cap Ind Reit	1.44	1.6	Buy
07/03/17	Kim Eng	AIMS AMP Cap Ind Reit	1.48	1.6	Buy
10/27/17	Kim Eng	AIMS AMP Cap Ind Reit	1.435	1.6	Buy
02/01/18	Lim & Tan	AIMS AMP Cap Ind Reit	1.37	0	Hold
02/02/18	Kim Eng	AIMS AMP Cap Ind Reit	1.37	1.5	Buy
03/19/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.57	Not Rated

AEM - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/09/17	CIMB	AEM	1.555	2.69	Add	GGM, PB2.95x, PER8x FY18
04/26/17	CIMB	AEM	2.22	3.39	Add	PER10x FY18, Ex-CB
05/19/17	CIMB	AEM	2.45	3.39	Add
05/23/17	DBS Vickers	AEM	2.61	3.35	Not Rated	PER10x FY18
07/05/17	CIMB	AEM	2.2	3.39	Add	PER10x FY18
08/04/17	CIMB	AEM	2.8	3.39	Add
08/10/17	CIMB	AEM	2.77	3.43	Add	PER10x FY18
10/17/17	CIMB	AEM	2.87	4.55	Add	PER10x FY18
11/06/17	CIMB	AEM	3.39	4.55	Add	PER10x FY19
12/20/17	CIMB	AEM	3.21	4.55	Add
01/10/18	CIMB	AEM	3.31	4.55	Add
01/24/18	CIMB	AEM	4.16	5.97	Add	PER10x CY19
02/02/18	CIMB	AEM	4.97	6.62	Add	PER10x CY19
03/02/18	CIMB	AEM	6.3	8.19	Add	PER10x CY19
04/03/18	CIMB	AEM	6.78	8.19	Add	PER10x FY19