China's overseas ports that will render Singapore port useless.

China has been preparing to bypass the Strait of Malacca and Singapore for many years because Singapore has a US naval port.  The purpose of establishing a US naval port in Singapore is to control the Strait of Malacca in times of conflict with China as this will stop any critical supplies shipping to China.

However, China has broken through this US-SG containment with some overseas ports near SG.

China's strategic ports that are used to bypass SG:

Myanmar port
http://sg-stock.blogspot.com/2018/11/china-and-myanmar-have-signed-port-deal.html

This port is primarily used to transport oil from the middle east to China as it has an oil pipeline that is connected to China.  However, it can also be used to transport essential goods if the Strait of Malacca is blocked by the US navy.

Pakistan port
http://sg-stock.blogspot.com/2016/11/china-gave-singapore-stern-warning-again.html

This port is primarily used to transport oil from the middle east to China because it has an oil pipeline that is connected to China.


Melaka Gateway
http://sg-stock.blogspot.com/2018/07/malaysian-suspension-of-its-ecrl-will.html

This port is primarily used to replace SG port.  However, Malaysia has cancelled the ECRL which will render the Melaka Gateway useless.  Therefore, China will focus on Myanmar port now and this also explains the rationale behind the recent port agreement with Myanmar.

http://sg-stock.blogspot.com/2018/11/china-and-myanmar-have-signed-port-deal.html

Cambodia port
https://sg-stock.blogspot.com/2016/11/china-cambodia-port-is-going-to-start.html

This port can be easily turned into a China military port to provide logistic and supplies support to China navy in times of crisis.

Singapore must understand the predicament it is facing because we're being surrounded by China's strategic ports.  This predicament arose because we allowed the US navy and spy plane to be stationed in SG.  If we continue to be anti-China, China can skin us further by reducing our economic growth.

China and Myanmar have signed a port deal after years of negotiation.

http://www.mizzima.com/article/china-myanmar-sign-port-deal-after-years-negotiations

This port is a very strategic port to China because China can bypass the strait of Malacca and Singapore.

China has managed to resolve the previous port conflict between Myanmar and China.

http://sg-stock.blogspot.com/2017/05/china-will-take-control-of-myanmar-port.html

Huawei is working on its Kirin 990 chip now.

https://sg.news.yahoo.com/huawei-testing-kirin-990-chip-may-debut-q1-080205772.html

After launching Huawei's kirin 980 chips, it has moved on to develop its kirin 990.

China firms are working hard to develop its own semiconductor industry to reduce its dependence on foreign chips makers.

As stated previously, the global semiconductor slowdown is permanent since the largest market is China.

http://sg-stock.blogspot.com/2018/10/the-global-semiconductor-slowdown-is.html

Baltic dry index - 1147

Today, Friday, November 9 2018, the Baltic Dry Index decreased by 84 points, reaching 1147 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 - 1081

The US drilling rig count is up 14 units to 1,081 rigs working for the week ended Nov. 9, according to Baker Hughes data. The count is up 174 units from the 907 rigs working this time a year ago.

At 1,057 rigs working, 11 more units were drilling on land week-over-week. Offshore units were up 3 to 21 rigs working, while those drilling in inland waters remained unchanged at 3 rigs working for the week.

US oil-directed rigs were up 12 units from last week to 886 units working, and up from the 738 rigs drilling for oil this week a year ago. Gas-directed rigs were up 2 at 195 units, and up from the 169 units drilling for gas a year ago.

Among the major oil and gas-producing states, Oklahoma and New Mexico saw the largest increases in rigs for the week with 4-unit gains each to reach 148 and 106 rigs running, respectively.

Louisiana increased its rig count by 3 to 65. Pennsylvania and Colorado each gained 2 units to reach 45 and 34 working rigs, respectively. North Dakota, 55, and Alaska, 6, were both up a single rig for the week.

Three states were unchanged this week: Wyoming, 30; West Virginia, 13; and California, 15.

Three states saw a single-rig drop: Texas, 532; Ohio, 17; and Utah, 5.

Canada lost 2 rigs for the week. With 196 rigs running, the count is less than the 203 units drilling this week a year ago. Canada dropped 4 oil-directed rigs to reach 117 units for the week but gained a pair of gas-directed rig to reach 79 units.

=========================

Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Noble - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/17	Credit Suisse	Noble	0.197	0.21	Neutral
02/28/17	DBS Vickers	Noble	0.23	0.23	Hold	PB1x
05/12/17	Credit Suisse	Noble	0.87	0.8	Neutral
05/12/17	DBS Vickers	Noble	0.87	0.94	Hold	Stock consol 10-into-1
05/12/17	Macquarie	Noble	0.87	0.7	Underperform	Cut from $1.40
08/03/17	Iceberg Research	Noble	0.395	0	Sell	Bankruptcy alert
08/17/17	Lim & Tan	Noble	0.435	0	Sell/Avoid	Bankruptcy alert
11/21/17	Lim & Tan	Noble	0.193	0	Avoid
03/01/18	Lim & Tan	Noble	0.172	0	Avoid	Suspension alert
04/06/18	Lim & Tan	Noble	0.067	0	Avoid

Netlink - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
07/20/17	DIR	Netlink	0.81	0.97	Buy	DCF
08/01/17	Deutsche	Netlink	0.815	0.95	Buy	DCF
08/29/17	DBS Vickers	Netlink	0.81	0.95	Buy	DCF
08/29/17	UOB Kay Hian	Netlink	0.81	0.93	Buy	DCF
09/25/17	UOB Kay Hian	Netlink	0.825	0.93	Buy
09/28/17	DIR	Netlink	0.825	0.97	Buy	DCF
11/10/17	DBS Vickers	Netlink	0.825	0.95	Buy	DCF
11/13/17	UOB Kay Hian	Netlink	0.825	0.93	Buy	DCF
01/12/18	UOB Kay Hian	Netlink	835	0.93	Buy
01/26/18	DBS Vickers	Netlink	0.83	0.95	Buy	DCF
02/07/18	UOB Kay Hian	Netlink	0.82	0.93	Buy	DCF
02/07/18	DBS Vickers	Netlink	0.82	0.97	Buy	DCF
03/12/18	UOB Kay Hian	Netlink	0.82	0.93	Buy
03/14/18	OCBC	Netlink	0.82	0.91	Buy	DDM
05/15/18	OCBC	Netlink	0.815	0.91	Buy
05/16/18	OCBC	Netlink	0.82	0.9	Buy
05/16/18	DBS Vickers	Netlink	0.82	0.97	Buy	DCF
07/02/18	DBS Vickers	Netlink	0.74	0.87	Buy	DCF
08/07/18	OCBC	Netlink	0.78	0.9	Buy
08/07/18	DBS Vickers	Netlink	0.78	0.87	Buy
09/10/18	Kim Eng	Netlink	0.785	0.93	Buy	DDM
09/17/18	UOB Kay Hian	Netlink	0.785	0.95	Buy	DCF
10/02/18	DBS Vickers	Netlink	0.785	0.87	Buy
10/11/18	OCBC	Netlink	0.785	0.9	Buy
10/26/18	Kim Eng	Netlink	0.78	0.93	Buy
11/05/18	DBS Vickers	Netlink	0.775	0.87	Buy
11/07/18	Kim Eng	Netlink	0.78	0.93	Buy	DDM
11/07/18	OCBC	Netlink	0.78	0.9	Buy

Nera Telecom - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/17	Lim & Tan	Nera Telecom	0.435	0	Sell
05/05/17	Lim & Tan	Nera Telecom	0.39	0	Hold
08/07/17	Lim & Tan	Nera Telecom	0.39	0	Hold

Stock calls for 9 November 2018

Date	Analyst	Company	Last	Target	Call	Valuation
11/09/18	phillip	China Sunsine	1.08	1.68	Buy	FCFE
11/09/18	UOB Kay Hian	City Developments	8.42	12.12	Buy	RNAV (15% discount)
11/09/18	CIMB	City Developments	8.42	10.65	Add	RNAV (35% discount)
11/09/18	Lim & Tan	City Developments	8.42	0	Buy
11/09/18	DMG & Partners	City Developments	8.42	9.2	Neutral
11/09/18	UOB Kay Hian	Comfortdelgro	2.2	2.59	Buy	PER16.9x FY19
11/09/18	DMG & Partners	CSE Global	0.455	0.59	Buy	DCF
11/09/18	Kim Eng	Genting	0.89	1.29	Buy	EV/Ebitda10x FY18
11/09/18	DMG & Partners	Genting	0.89	1.42	Buy
11/09/18	CIMB	Genting	0.89	1.28	Add	EV/Ebitda10x FY19
11/09/18	OCBC	Genting	0.89	1.39	Buy	FCFE
11/09/18	DBS Vickers	Hi-P	0.85	0.8	Hold	PER10x FY19
11/09/18	UOB Kay Hian	Ho Bee	2.5	2.79	Buy	RNAV (30% discount)
11/09/18	DMG & Partners	Japan Foods	0.455	0.48	Neutral
11/09/18	CIMB	Memtech	0.745	1.1	Add	PER8x FY19
11/09/18	Lim & Tan	Memtech	0.745	0	Buy
11/09/18	OCBC	OUE Commercial	0.475	0.48	Hold
11/09/18	OCBC	OUE Hospitality	0.69	0.79	Buy
11/09/18	DBS Vickers	Perennial Reit	0.685	0.83	Buy	RNAV (55% discount)
11/09/18	phillip	SATS	5.11	5.47	Accumulate	DCF, PER24.3x FY19
11/09/18	OCBC	SATS	5.11	5.39	Hold
11/09/18	CIMB	SATS	5.11	5.06	Hold	PER20x CY19
11/09/18	Kim Eng	SIA	9.65	9.8	Hold	PB0.82x FY20
11/09/18	DBS Vickers	Singtel	3.08	3.59	Buy	Sum of parts
11/09/18	UOB Kay Hian	Singtel	3.08	3.9	Buy	DCF
11/09/18	Kim Eng	Singtel	3.08	3.39	Hold	DCF
11/09/18	OCBC	Singtel	3.08	3.95	Buy
11/09/18	CIMB	Singtel	3.08	3.4	Add	Sum of parts
11/09/18	DMG & Partners	Singtel	3.08	3.22	Neutral
11/09/18	DMG & Partners	Talkmed	0.62	0.64	Neutral
11/09/18	Lim & Tan	UOB Kay Hian	1.23	0	Buy
11/09/18	UOB Kay Hian	Yangzijiang	1.32	1.36	Hold	PB0.9x FY19

Solar panel energy is an overhyped technology.

https://www.straitstimes.com/business/singapores-largest-offshore-floating-solar-panel-system-to-be-built-along-straits-of-johor

The proponents are completely avoiding the disclosure of the chemical toxins in the production and disposal of the solar panels because of their singularity mindset of reducing carbon emission.  However, it is wrong to replace carbon emission with other environmental pollution.

https://sciencing.com/toxic-chemicals-solar-panels-18393.html

The solar panels have to be replaced every 15-20 years and they can only get an average of about 2-4hr of good solar energy everyday.  The safe disposal of the solar panels is a big problem when we use solar energy because those panels will pollute our land since the chemical materials are very toxic.

If we burn the disposed solar panels, we're creating air pollution.  If we bury them, we're creating land pollution and underground water pollution.

China's exports soared in October in spite of the trade war.

https://www.caixinglobal.com/2018-11-08/who-to-watch-among-the-younger-generation-of-central-bank-officials-101344415.html

This good China economic growth will definitely piss Trump.

Hahaha!

Neo Group - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Neo Group	0.62	0.8	Buy
02/10/17	DMG & Partners	Neo Group	0.575	0.61	Neutral	DCF
03/29/17	DMG & Partners	Neo Group	0.585	0.61	Neutral	DCF
05/26/17	DMG & Partners	Neo Group	0.57	0.62	Neutral
08/10/17	DMG & Partners	Neo Group	0.68	0.64	Neutral	PER21x FY18
11/14/17	DMG & Partners	Neo Group	0.66	0.64	Neutral	PER21x FY18
02/09/18	DMG & Partners	Neo Group	0.67	0.67	Neutral

Nam Lee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/06/17	Phillip	Nam Lee	0.37	0.52	Buy	DCF
05/17/17	Phillip	Nam Lee	0.355	0.52	Buy	DCF, PER12.4x FY17
08/16/17	Phillip	Nam Lee	0.37	0.51	Buy	DCF, PER11.5x FY17
11/29/17	Phillip	Nam Lee	0.395	0.56	Buy	DCF, PER11.1x FY18, PB0.96x FY18
02/12/18	Phillip	Nam Lee	0.38	0.56	Buy	DCF, PER11.1x FY18, PB0.96x FY18
05/07/18	Phillip	Nam Lee	0.37	0.56	Buy	DCF, PER11.9x FY18, PB0.97x FY18
08/08/18	Phillip	Nam Lee	0.365	0.51	Buy	DCF, PER10.5x FY18, PB0.88x FY18

Nam Cheong - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/17	DBS Vickers	Nam Cheong	0.055	0.04	Fully Valued	PB0.2x
07/20/17	Lim & Tan	Nam Cheong	0.021	0	Avoid

Stock calls for 8 November 2018

Date	Analyst	Company	Last	Target	Call	Valuation
11/08/18	UOB Kay Hian	A-Reit	2.54	3.01	Buy
11/08/18	UOB Kay Hian	CapitaCommercial	1.69	2	Buy
11/08/18	UOB Kay Hian	Capitaland	3.14	3.78	Buy
11/08/18	CIMB	China Sunsine	1.04	1.41	Add	PER7.7x FY19
11/08/18	DBS Vickers	Chip Eng Seng	0.725	0.75	Hold	Sum of parts
11/08/18	Deutsche	Comfortdelgro	2.36	1.7	Sell	PER12x FY19
11/08/18	CIMB	CSE Global	0.455	0.5	Add	PER13.5x FY19
11/08/18	Lim & Tan	CSE Global	0.455	0	Buy
11/08/18	Macquarie	DBS	23.77	27	Neutral
11/08/18	phillip	DBS	23.77	29.02	Buy	GGM, PB1.5x FY19
11/08/18	CIMB	Frasers Logistics	1.05	1.19	Add	DDM
11/08/18	OCBC	Frasers Logistics	1.05	1.19	Buy
11/08/18	UOB Kay Hian	Genting	0.915	1.38	Buy
11/08/18	UOB Kay Hian	Golden Agri	0.26	0.16	Sell
11/08/18	UOB Kay Hian	Japfa	0.715	0.98	Buy
11/08/18	CIMB	OUE Hospitality	0.685	0.82	Add	DDM
11/08/18	DMG & Partners	OUE Hospitality	0.685	0.8	Buy
11/08/18	DBS Vickers	OUE Hospitality	0.685	0.85	Buy
11/08/18	UOB Kay Hian	SATS	4.99	6.1	Buy
11/08/18	phillip	Sembcorp Industries	2.67	3.6	Buy	Sum of parts
11/08/18	Lim & Tan	Sembcorp Industries	2.67	0	Hold
11/08/18	DMG & Partners	Singapore Medical	0.41	0.56	Buy	DCF
11/08/18	OCBC	Yangzijiang	1.29	1.41	Buy
11/08/18	CIMB	Yangzijiang	1.29	1.37	Add	Sum of parts

Look like Trump and Xi won't reach a truce in the upcoming G20 summit.

https://sg.finance.yahoo.com/news/u-impose-duties-chinese-aluminum-sheet-products-052248114--finance.html

Trump is still trying to antagonize China prior to the G20 summit and this won't bode well for the trade talk between these 2 nations.

There is a high chance that there is no trade deal between US & China in November and the trade war will continue.

Moya - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/04/17	DMG & Partners	Moya Asia	0.118	0.17	Buy	DCF, PER13.8x FY18
11/14/17	DMG & Partners	Moya Asia	0.101	0.17	Buy	DCF
01/24/18	DMG & Partners	Moya Asia	0.098	0.17	Buy
02/09/18	DMG & Partners	Moya Asia	0.091	0.17	Buy	DCF
03/02/18	DMG & Partners	Moya Asia	0.091	0.15	Buy	DCF, PER15x FY18
04/09/18	DMG & Partners	Moya Asia	0.099	0.15	Buy	DCF
05/02/18	DMG & Partners	Moya Asia	0.1	0.15	Buy	DCF
06/05/18	DMG & Partners	Moya Asia	0.087	0.14	Buy	DCF
08/07/18	DMG & Partners	Moya Asia	0.092	0.13	Buy	DCF
09/26/18	DMG & Partners	Moya Asia	0.083	0.13	Buy
11/05/18	DMG & Partners	Moya Asia	0.07	0.11	Buy	DCF

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/17	DBS Vickers	MM2 Asia	0.49	0.56	Buy
04/07/17	CIMB	MM2 Asia	0.5	0.6	Add	Sum of parts, PER22.6x FY18
04/13/17	DBS Vickers	MM2 Asia	0.5	0.63	Buy	Sum of parts
05/23/17	DBS Vickers	MM2 Asia	0.575	0.63	Buy	Sum of parts
05/24/17	DBS Vickers	MM2 Asia	0.585	0.7	Buy	Sum of parts
05/25/17	CIMB	MM2 Asia	0.585	0.65	Add	Sum of parts
06/14/17	CIMB	MM2 Asia	0.62	0.72	Add	Sum of parts
06/14/17	DBS Vickers	MM2 Asia	0.62	0.7	Buy
07/20/17	DBS Vickers	MM2 Asia	0.59	0.75	Buy	Sum of parts
07/25/17	CIMB	MM2 Asia	0.525	0.58	Hold	Sum of parts
08/14/17	DBS Vickers	MM2 Asia	0.465	0.6	Buy	Sum of parts
08/17/17	CIMB	MM2 Asia	0.475	0.58	Add	Sum of parts
11/02/17	DBS Vickers	MM2 Asia	0.58	0.73	Buy	Sum of parts
11/06/17	CIMB	MM2 Asia	0.55	0.76	Add	Sum of parts
12/20/17	CIMB	MM2 Asia	0.52	0.76	Add
01/05/18	DBS Vickers	MM2 Asia	0.545	0.73	Buy
02/07/18	CIMB	MM2 Asia	0.49	0.76	Add
02/08/18	DBS Vickers	MM2 Asia	0.495	0.75	Buy	Sum of parts
03/05/18	CIMB	MM2 Asia	0.47	0.76	Add
03/15/18	CIMB	MM2 Asia	0.505	0.74	Add	Sum of parts
04/06/18	CIMB	MM2 Asia	0.49	0.74	Add
04/23/18	Kim Eng	MM2 Asia	0.495	0.56	Buy
05/30/18	DBS Vickers	MM2 Asia	0.495	0.7	Buy	Sum of parts
06/05/18	CIMB	MM2 Asia	0.485	0.72	Add	Sum of parts
08/15/18	DBS Vickers	MM2 Asia	0.42	0.62	Buy	Sum of parts
08/16/18	CIMB	MM2 Asia	0.42	0.72	Add	Sum of parts
08/20/18	Kim Eng	MM2 Asia	0.42	0.57	Buy	PEG
09/14/18	CIMB	MM2 Asia	0.365	0.72	Add

MIT - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/03/17	Kim Eng	MIT	0.245	0.32	Not Rated	PB1.6x
11/22/17	Lim & Tan	MIT	0.245	0.32	Buy	PER8x FY18
01/03/18	Lim & Tan	MIT	0.26	0	Buy
07/19/18	Lim & Tan	MIT	0.33	0.456	Buy

Mindchamps - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/18	Amfrasers	Mindchamps	0.74	0.86	Buy	DCF, PER23.2x FY18
04/23/18	DMG & Partners	Mindchamps	0.815	0.95	Buy	EV/Ebitda19x & DCF
04/27/18	DMG & Partners	Mindchamps	0.815	1	Buy	EV/Ebitda19x & DCF
05/09/18	DMG & Partners	Mindchamps	0.795	1	Buy	EV/Ebitda19x & DCF
05/15/18	Amfrasers	Mindchamps	0.78	0.86	Buy	PER23.2x FY18
08/07/18	DMG & Partners	Mindchamps	0.67	1	Buy
08/14/18	Amfrasers	Mindchamps	0.705	0.86	Buy	DCF, PER22.6x FY18
08/21/18	DMG & Partners	Mindchamps	0.7	0.94	Buy
10/11/18	DMG & Partners	Mindchamps	0.62	0.94	Buy