120 countries condemn Israel & US in the UN.

https://sg.news.yahoo.com/un-votes-condemning-israel-over-gaza-violence-012333138.html

It's great to see that JUSTICE is slowly crawling back in UN and the UN is not dominated by the mighty and big bully, USA.

I wonder what SG voted for in this UN resolution.

Jubilee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/04/17	NRA	Jubilee	0.043	0.07	Overweight
10/13/17	NRA	Jubilee	0.048	0.067	Overweight
03/12/18	CIMB	Jubilee	0.037	0.051	Add	Sum of parts
06/01/18	CIMB	Jubilee	0.039	0.051	Add	Sum of parts

Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/17	CIMB	Japfa	0.92	1.53	Add	Sum of parts, PER11.6x CY17
02/10/17	DBS Vickers	Japfa	1.02	1.26	Buy
03/03/17	CIMB	Japfa	0.9	1.41	Add	Sum of parts
03/06/17	DBS Vickers	Japfa	0.89	1.25	Buy	Sum of parts, PER10.1x FY17
04/10/17	DBS Vickers	Japfa	0.835	1.25	Buy
04/17/17	CIMB	Japfa	0.805	0.69	Reduce	Sum of parts
04/24/17	DBS Vickers	Japfa	0.63	1	Buy	Sum of parts, EV/Ebitda6.5x FY17, PER10.5x FY17
05/02/17	CIMB	Japfa	0.605	0.58	Reduce	Sum of parts, PER8.2x CY17, PER7.2x CY18
05/02/17	DBS Vickers	Japfa	0.605	0.84	Buy	Sum of parts, PER10.7x FY17
07/05/17	DBS Vickers	Japfa	0.65	0.88	Buy	Sum of parts
07/31/17	CIMB	Japfa	0.595	0.55	Reduce	Sum of parts

Stock calls for 13 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/13/18	DBS Vickers	City Developments	11.52	15.4	Buy
06/13/18	OCBC	DBS	28.48	34.6	Buy
06/13/18	phillip	Shopper360	0.18	0.33	Trading Buy	PER7x FY19
06/13/18	UOB Kay Hian	SPH	2.69	2.46	Hold	Buy @ $2.40
06/13/18	OCBC	UOB	27.86	31.02	Buy
06/13/18	DBS Vickers	UOL	8	10.23	Buy
06/13/18	CIMB	UOL	8	9.65	Add	RNAV (20% discount)
06/13/18	Lim & Tan	Venture	20.65	0	Accumulate

Mahathir is so sly and flip-flop to avoid paying damages to Singapore.

https://sg.finance.yahoo.com/news/high-speed-rail-not-scrapped-040953118.html

To avoid paying SG $500m in damages for the termination of KL-SG HSR, Mahathir has changed his tone by saying that he is simply deferring the HSR.  What a sly old man!

Japan Foods - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/17/17	Amfrasers	Japan Foods	0.445	0.56	Buy	DCF, PER18x FY18
05/29/17	Amfrasers	Japan Foods	0.48	0.54	Buy	DCF, PER18.7x FY18
08/04/17	Amfrasers	Japan Foods	0.43	0.53	Buy	DCF
11/15/17	Amfrasers	Japan Foods	0.43	0.53	Buy	DCF
02/14/18	Amfrasers	Japan Foods	0.46	0.54	Buy	DCF
05/07/18	DMG & Partners	Japan Foods	0.505	0.63	Buy	DCF, PER19x FY19
05/22/18	Amfrasers	Japan Foods	0.485	0.64	Buy	DCF

Jadason - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/08/17	DMG & Partners	Jadason	0.07	0.15	Buy	DCF, PER12x FY18
06/27/17	DMG & Partners	Jadason	0.088	0.15	Buy	DCF, PER12x FY18
07/03/17	CIMB	Jadason	0.084	0.17	Add	PER12.34x FY18
08/04/17	CIMB	Jadason	0.103	0.17	Add	PER12.34x FY18
08/07/17	DMG & Partners	Jadason	0.1	0.15	Buy	DCF, PER12x FY18
09/04/17	DMG & Partners	Jadason	0.102	0.12	Buy	DCF, PER11.4x FY18
09/05/17	CIMB	Jadason	0.095	0.13	Add	PER12.34x FY18
11/09/17	DMG & Partners	Jadason	0.093	0.1	Buy	DCF, PER11.3x FY18
11/13/17	CIMB	Jadason	0.087	0.11	Add	PER12.34x FY19
03/01/18	DMG & Partners	Jadason	0.073	0.08	Neutral	DCF
03/07/18	CIMB	Jadason	0.07	0.08	Add	PER12.34x FY19
05/16/18	CIMB	Jadason	0.05	0.077	Add	PB1x CY18
05/18/18	DMG & Partners	Jadason	0.05	0.05	Neutral	DCF

Stock calls for 12 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/12/18	DBS Vickers	CapitaCommercial	1.7	2.1	Buy
06/12/18	UOB Kay Hian	Starhub	1.84	1.98	Hold	DCF
06/12/18	DBS Vickers	Suntec Reit	1.74	2.3	Buy
06/12/18	OCBC	Yangzijiang	0.995	1.18	Buy	Sum of parts

Temasek is interested to buy Hainan Airlines.

https://www.bloombergquint.com/opinion/2018/06/11/singapore-inc-buys-an-overpriced-ticket-to-hainan

Temasek may be overpaying for debt-laden Hainan airlines.

I hope this won't become another multi-billion loss for our country again.

SCO has surpassed G7 already!

http://money.cnn.com/2018/06/08/news/economy/quebec-qingdao-summits-explainer/index.html

http://money.cnn.com/2018/06/11/news/economy/sco-summit-g7-trade-china/index.html

CNN has acknowledged that SCO is more important than G7 now and SCO will lead the world economies.

The recent SCO summit was a huge success compared to the G7 as this was the first time Pakistan and India (arch enemies) sat together in such a caucus.  Furthermore, Iran was involved as a future incumbent member.

Kudos to China for such a successful SCO!

ISOTeam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/17	DMG & Partners	ISOTeam	0.395	0.54	Buy	DCF, PER14x FY17
01/12/17	UOB Kay Hian	ISOTeam	0.405	0.6	Buy	DCF
02/14/17	UOB Kay Hian	ISOTeam	0.42	0.6	Buy	DCF
02/15/17	DMG & Partners	ISOTeam	0.405	0.59	Buy	DCF, PER13.5x FY17
03/02/17	UOB Kay Hian	ISOTeam	0.395	0.6	Buy
05/15/17	UOB Kay Hian	ISOTeam	0.37	0.54	Buy
08/28/17	DMG & Partners	ISOTeam	0.345	0.5	Buy	DCF
11/13/17	DMG & Partners	ISOTeam	0.345	0.46	Buy	DCF, PER13x FY18
02/13/18	UOB Kay Hian	ISOTeam	0.355	0.45	Buy	PER10.4x FY18
02/15/18	DMG & Partners	ISOTeam	0.33	0.46	Buy	DCF, PER13x FY18
05/17/18	DMG & Partners	ISOTeam	0.35	0.42	Buy	DCF

ISEC Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/17	Kim Eng	Isec Healthcare	0.345	0.4	Buy	PER23x FY18
07/13/17	Kim Eng	Isec Healthcare	0.315	0.4	Buy	PER23x FY18

Stock calls for 11 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/11/18	Lim & Tan	Capitaland	3.5	0	Buy
06/11/18	CIMB	DBS	28.5	34	Add	GGM, PB1.5x CY18
06/11/18	DBS Vickers	HRnetGroup	0.84	0.98	Buy
06/11/18	UOB Kay Hian	SATS	5.13	5.7	Buy
06/11/18	UOB Kay Hian	SIA	11.43	12.6	Buy
06/11/18	UOB Kay Hian	SIA Engineering	3.17	3.8	Buy
06/11/18	CIMB	Singapore Post	1.36	1.59	Add
06/11/18	CIMB	Thai Beverage	0.77	0.98	Add
06/11/18	CIMB	Venture	21.13	25.64	Add	PER15.4x

Singapore is sending a conflicting signal to the world on the nuclear weapon issue.

http://sg-stock.blogspot.com/2017/07/omg-singapore-didnt-support-banning-of.html

Singapore didn't support the banning of nuclear weapon in the UN but support the denuclearization of NK.  Is Singapore sending a conflicting signal about its stance on the nuclear weapon?

This was the same stance SG had adopted in the South China Sea issue.  SG doesn't recognize PCA as an International Court but it wants China to adhere to PCA's ruling.

Is Singapore adopting a selective rules-based system (a double standard system) now?

Taking stock of the world economic health.

Let's take a pulse on the world economic health.

https://www.businesstimes.com.sg/banking-finance/deutsche-bank-board-said-to-seek-6000-job-cuts-at-retail-unit

Deutsche bank will be retrenching 6000 employees.

https://sg.finance.yahoo.com/news/hp-plans-more-job-cuts-135301456.html

HP will be retrenching 5000 employees.

https://sg.finance.yahoo.com/news/rolls-royce-expected-slash-thousands-115200793.html

Rolls Royce will be retrenching 4000 employees.

Bank, IT and Aerospace are all not doing well and need to cut costs.  Is this a harbinger for a recession?

We're right about Kim's motives to visit China in May 2018.

https://www.nknews.org/2018/06/unusual-flights-from-pyongyang-raise-questions-about-kims-route-to-singapore/

Kim will fly to Singapore using China aeroplane.

We're right when we speculated his motives for visiting China in May 2018.

http://sg-stock.blogspot.com/2018/05/why-did-kim-visit-china-again-in-may.html

Mahathir to review CPTTP. Why?

https://sg.finance.yahoo.com/news/malaysias-mahathir-calls-review-trans-pacific-trade-pact-025902443--finance.html

I can't help but to raise my suspicion about Mahathir's intention to review the CPTTP.  Is Mahathir going to review everything that involves Singapore? CPTTP was already approved by 11 countries.  What more does he want from CPTTP?

Everything he did after becoming the PM was deemed to be hostile towards SG.

http://sg-stock.blogspot.com/2018/03/cpttp-is-nothing-compared-to-rcep.html

Baltic dry index - 1391

Today, Friday, June 08 2018, the Baltic Dry Index decreased by 4 points, reaching 1391 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 - 1062

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 1,062.

At this time a year ago there were 927 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 862 rigs drilled for oil this week and 198 for gas. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Texas added three rigs, Colorado increased by two and Louisiana gained one.

Oklahoma and Wyoming declined by two rigs each and North Dakota decreased by one.

Alaska, Arkansas, California, New Mexico, Ohio, Pennsylvania, Utah, and West Virginia 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

Apple is in trouble now! - Part 4

https://www.thestreet.com/markets/apple-slides-on-report-suppliers-prepping-for-sharply-lower-iphone-orders-14615809

Apple has just prepped its suppliers for a 20% drop in sales in 2018.

We've been warning about Iphone's sales recently.

http://sg-stock.blogspot.com/2018/04/apple-is-in-trouble-now-part-3.html