Singapore Stock Exchange - Equity Investments

Saturday, September 30, 2017

The same F1 event but different views and outcomes.

http://www.todayonline.com/singapore/singapore-f1-deal-extended-another-four-years

Singapore has extended F1 for another 4 years. Singapore government sees an economic value in the F1 event because it has a multiplier effect on SG such as boosting the hotel, retail and F&B businesses.

http://www.thestar.com.my/business/business-news/2017/09/30/malaysia-does-not-want-to-host-formula-one-even-if-it-was-given-free/

However, Malaysia doesn't want to host F1 despite having a proper race track. Malaysian government sees no entertainment value in the F1 event because there is no consumer gratification in sitting down to watch the F1 and also a huge cost involved in organising it.

Who is right? and What is right? Economic vs Entertainment value!

China's manufacturing and services are growing well.

http://abcnews.go.com/International/wireStory/official-survey-china-factory-activity-rises-year-high-50193525

China official PMI rose to 52.4 in September compared to 51.7 in August. 50 is the dividing line between growth and contraction.

However, the private Caixin PMI slipped to 51 from 51.6 but it was still showing growth albeit diminishing growth.

The non-manufacturing or services index rose to 55.4 in September from 53.4 in August.

These indexes show that China economic growth is stable and growing gradually.

South Korea bans initial coin offering (ICO) after China.

https://finance.yahoo.com/news/south-korea-bans-forms-initial-025033448.html

SK has joined China in banning ICOs.

Bitcoin or virtual currency is a flawed concept.

http://sg-stock.blogspot.sg/2017/08/death-knell-for-virtual-currency-is.html

When this virtual currency scam is over, many people will be burnt heavily. Sigh!

Baltic dry index - 1356

Today, Friday, September 29 2017, the Baltic Dry Index decreased by 35 points, reaching 1356 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 - 940

The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 940.

That's up from the 522 rigs that were active a year ago.

Houston oilfield services company Baker Hughes said Friday that 750 rigs sought oil and 189 explored for natural gas this week. One was listed as miscellaneous.

Among major oil- and gas-producing states, Utah gained four rigs and Louisiana increased by two. New Mexico and North Dakota each gained one.

Oklahoma lost three rigs and Texas shed two.

Alaska, Arkansas, California, Colorado, Ohio, Pennsylvania, West Virginia and Wyoming were 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.

North Korea radar is no longer working due to shortage of electricity.

http://english.yonhapnews.co.kr/news/2017/09/26/0200000000AEN20170926005251315.html

NK had no military action against US bomber flight recently.

The lack of energy is really thwarting NK's defence system. Therefore, the USA doesn't need to use F35 against NK as the situation in NK is getting dire without oil imports.

Singapore stock calls for 29 September 2017

Another bad news for Iphone 8.

https://finance.yahoo.com/news/two-iphone-8-battery-incidents-already-reported-don-162021486.html

Iphone 8 battery is defective and will swell up to crack the Iphone.

Buyers beware!

Friday, September 29, 2017

India is heading towards a hard landing.

https://sg.finance.yahoo.com/news/indias-flagging-economy-draws-dire-022358211.html

The belligerent India is heading towards a hard landing. Instead of focusing on developing its economy, India prefers to fight with its neighbours and waste unnecessary military spending on buying military weapons.

We did give a precursory warning on India recently.

http://sg-stock.blogspot.sg/2017/09/india-economic-growth-is-declining.html

Venezuela president is urging its military to get ready for USA invasion!

https://www.rt.com/news/404791-maduro-tanks-threats-us/

The USA is creating troubles again! This time is with Venezuela.

We did post about this in our previous posting.

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

Thursday, September 28, 2017

China drones are combat ready!

Just look at the precision of the weapons! All hit targets!

Singapore stock calls for 28 September 2017

Nokia 3310 is available in 3G now! Yeah!

http://www.channelnewsasia.com/news/singapore/new-nokia-3310-3g-to-be-available-in-singapore-from-october-9258376

This Nokia 3310 is 3G ready which is different from the Nokia 3310 in other countries because the other Nokia 3310 model is only 2G ready which is unusable in Singapore.

It's a great phone for elderly. Heehee!

KGI Fraser is dead wrong about the FED staying put on the interest rate in December 2017.

I extracted this from KGI Fraser research report on 25 September 2017.

I believe KGI is wrong in its analysis and the analyst should be fired for the singularity thinking that is primarily focused on inflation.

Fed Chair Janet Yellen has indicated a very hawkish stance on future interest rate hikes in her latest speech. I predict that the FED will hike interest rate in December and nothing will stop her from doing so unless a war breaks out.

The US interest rate hike in December 2017 is a fait accompli.

FED Chair Janet Yellen said recently that she and her colleagues had misjudged and adopted the wrong monetary policies based on the FED preferred inflation target of 2%. Therefore, she would continue to gradually increase the interest rates in the future to rectify the mishandling of the economy and disregard the unachievable 2% inflation rate.

Now, we have another Fed governor supporting her.

http://www.marketwatch.com/story/feds-rosengren-backs-regular-and-gradual-interest-rate-hikes-2017-09-27?siteid=yhoof2&yptr=yahoo

Trump US$5t tax plan won't get passed.

Why the US$5T tax plan won't get passed? The Senate budget committee has a policy not to increase the national debt by US$1.5T in the next decade. Therefore, the US$5T is way above this incremental limit. Trump has to cut his tax plan by US$3.5T and he doesn't know how to cut it.

https://www.thestar.com/news/world/2017/09/27/trump-republicans-propose-5-trillion-tax-plan-cuts-to-individual-and-corporate-rates.html

Middle East will get messier now because the Turds voted for independence.

http://www.bbc.com/news/world-middle-east-41419633

Turds, supported by the USA, carried out a referendum and voted for independence. This referendum has definitely angered Turkey and Iran. Both have moved their military forces to the border and also conducted joint-military exercise.

The USA has lost control of the Turds as the Turds have defied the USA. This is the same situation with the terrorists. The terrorists were also groomed by the USA in the past and the USA lost control of the terrorists in the end.

http://www.presstv.ir/Detail/2017/09/25/536458/Iraq-Turkey-army-military-drills-referendum-independence-KRG-Kurdish-region