http://www.cnbc.com/2017/05/22/noble-shares-plunge-amid-a-double-whammy-of-bad-news.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104485795&yptr=yahoo
Investors who read our postings on Noble would have cashed out or stayed away and wouldn't have their monies trapped in Noble.
The trading halt has prevented Noble from falling further but without a white knight plus the great difficulty of raising funds because of its negative cash flow, the future for Noble is in the abyss.
Sinochem must have seen Noble's cashflow statement especially the negative cash flow and also understood the weak commodities industry to have walked away from the investment.
http://sg-stock.blogspot.sg/2017/05/noble-is-in-serious-financial-trouble.html
Tuesday, May 23, 2017
AIIB progression has been great and it's harder to join AIIB now.
http://en.people.cn/n3/2017/0522/c90000-9218670.html
AIIB has many projects to invest in especially the one-belt-one-road initiatives. AIIB will start to be profitable soon because many of the projects are government or state ruled with low bankruptcy probability. It's harder to join AIIB now because many existing members don't want their shares to be diluted. Not many countries are willing to give up their shares in AIIB and late comers will have little say in AIIB.
AIIB has many projects to invest in especially the one-belt-one-road initiatives. AIIB will start to be profitable soon because many of the projects are government or state ruled with low bankruptcy probability. It's harder to join AIIB now because many existing members don't want their shares to be diluted. Not many countries are willing to give up their shares in AIIB and late comers will have little say in AIIB.
Monday, May 22, 2017
Fearmongering by western media
https://sg.news.yahoo.com/beijings-weapon-economic-war-chinese-tourists-031202899--finance.html
Every powerful country does it but USA does it more and more severely.
TPP is one good example for USA to wield considerable economic power over other countries and to contain China.
https://www8.gsb.columbia.edu/faculty/jstiglitz/sites/jstiglitz/files/2015%20TPP%20Malaysia.pdf
http://foreignpolicy.com/2015/07/07/9-ways-the-tpp-is-bad-for-developing-countries/
Quote:
That’s because the TPP would create investorstate dispute settlement (ISDS) mechanisms that would allow foreigners to sue the government when they think a regulation will harm their profits. The arbitration would be private and binding, even if the outcome contradicts domestic laws. And the company could be compensated for the loss of its expected profits, not just for its past investments, even if its profits are generated by selling products that kill people and if there is no discrimination involved in the regulation.
End Quote.
This investor-state dispute settlement mechanism was enforced by USA government onto other countries in the TPP agreement.
So tell me now! Which country doesn't use its economic and military prowess on other countries? If all the super power countries do it, why is there a need to single out China in the western media?
EU rejected TTIP (Europe TPP) because of unreasonable clauses imposed by USA too.
Every powerful country does it but USA does it more and more severely.
TPP is one good example for USA to wield considerable economic power over other countries and to contain China.
https://www8.gsb.columbia.edu/faculty/jstiglitz/sites/jstiglitz/files/2015%20TPP%20Malaysia.pdf
http://foreignpolicy.com/2015/07/07/9-ways-the-tpp-is-bad-for-developing-countries/
Quote:
That’s because the TPP would create investorstate dispute settlement (ISDS) mechanisms that would allow foreigners to sue the government when they think a regulation will harm their profits. The arbitration would be private and binding, even if the outcome contradicts domestic laws. And the company could be compensated for the loss of its expected profits, not just for its past investments, even if its profits are generated by selling products that kill people and if there is no discrimination involved in the regulation.
End Quote.
This investor-state dispute settlement mechanism was enforced by USA government onto other countries in the TPP agreement.
So tell me now! Which country doesn't use its economic and military prowess on other countries? If all the super power countries do it, why is there a need to single out China in the western media?
EU rejected TTIP (Europe TPP) because of unreasonable clauses imposed by USA too.
USA is really good at spinning stories.
https://sg.news.yahoo.com/exclusive-north-koreas-unit-180-cyber-warfare-cell-030700681.html
USA has claimed that wannacry ransomware is executed by NK which operates from a China base so that it won't be traced back to NK. USA has been accusing China for a long time already but this time has shifted the blame to NK.
China can shift the blame to NK for future hackings now because USA has officially declared that NK operates in China. This is definitely a good excuse for China.
USA has claimed that wannacry ransomware is executed by NK which operates from a China base so that it won't be traced back to NK. USA has been accusing China for a long time already but this time has shifted the blame to NK.
China can shift the blame to NK for future hackings now because USA has officially declared that NK operates in China. This is definitely a good excuse for China.
China commercial satellite technology.
Just look at the capability of China 1st commercial satellite, Jilin 1.
These images were from US Nellis Airforce Base in Southern Nevada.
China military satellite technology is better than its commercial satellite technology. What we can see from the military satellite will be even more amazing! USA will definitely be nervous to see such images from a commercial satellite.
These images were from US Nellis Airforce Base in Southern Nevada.
China military satellite technology is better than its commercial satellite technology. What we can see from the military satellite will be even more amazing! USA will definitely be nervous to see such images from a commercial satellite.
North Korea fired 2 missiles within a week.
http://www.reuters.com/article/us-northkorea-missiles-idUSKBN18H0A6
North Korea was so defiant and fired 2 missiles within a week because it knew USA wouldn't go all out to wage war against NK. NK is taking advantage of USA weakness now.
As long as China & Russia don't cooperate together to rein in NK, NK will continue to be defiant. When NK loses supports from these 2 countries, NK will be totally isolated and will cower in fear. This fat Kim must be punished for being so stubborn, ungrateful and defiant.
North Korea was so defiant and fired 2 missiles within a week because it knew USA wouldn't go all out to wage war against NK. NK is taking advantage of USA weakness now.
As long as China & Russia don't cooperate together to rein in NK, NK will continue to be defiant. When NK loses supports from these 2 countries, NK will be totally isolated and will cower in fear. This fat Kim must be punished for being so stubborn, ungrateful and defiant.
Sunday, May 21, 2017
USA is unwilling to risk everything for South Korea.
http://en.people.cn/n3/2017/0520/c90000-9218270.html
US defence secretary has stated clearly that military option is not advisable and is seeking a diplomatic solution. There might be another reason for this decision and it could be that Trump couldn't control its naval forces.
http://sg-stock.blogspot.sg/2017/05/president-trump-is-losing-control-of.html
US defence secretary has stated clearly that military option is not advisable and is seeking a diplomatic solution. There might be another reason for this decision and it could be that Trump couldn't control its naval forces.
http://sg-stock.blogspot.sg/2017/05/president-trump-is-losing-control-of.html
President Trump is losing control of its naval forces.
US Pacific commander Harry Harris had the audacity to visit East China without President Trump's blessing meant that commander Harry was trying to sow discord between US & China and Trump was losing control of the naval forces. Commander Harry didn't go to North Korea as instructed by Trump previously which embarrassed Trump. Trump also rejected Commander Harry's requests to sail to Scarborough Shoal for 3 times because Trump wanted to maintain a good relationship with China. All these incidents meant that Trump and the naval commander couldn't get along well.
https://www.nytimes.com/2017/05/02/world/asia/navy-south-china-sea.html
http://www.reuters.com/article/us-usa-japan-china-idUSKCN18D2NL
China retaliated US incursion by sending 4 China Coast Guard ships to navigate within 12NM of Diaoyu islands.
http://thediplomat.com/2017/05/east-china-sea-4-china-coast-guard-vessels-enter-territorial-sea-near-disputed-islands/
Look like South China Sea tension is slowly rising again with USA provocation. USA is always the troublemaker.
https://www.nytimes.com/2017/05/02/world/asia/navy-south-china-sea.html
http://www.reuters.com/article/us-usa-japan-china-idUSKCN18D2NL
China retaliated US incursion by sending 4 China Coast Guard ships to navigate within 12NM of Diaoyu islands.
http://thediplomat.com/2017/05/east-china-sea-4-china-coast-guard-vessels-enter-territorial-sea-near-disputed-islands/
Look like South China Sea tension is slowly rising again with USA provocation. USA is always the troublemaker.
Saturday, May 20, 2017
China has achieved a new breakthrough in mining methane hydrates.
http://www.bbc.com/news/world-asia-china-39971667
Methane hydrates may be the new form of energy because it's 10x more than shale oil and it's highly flammable. There is also no complex refinery needed for it to be used as a fuel.
China also has no problem extracting methane hydrates in the sea because it has blue whale rig.
http://www.scmp.com/news/china/society/article/2076179/china-launches-worlds-largest-oil-exploration-sea-platform
Methane hydrates may be the new form of energy because it's 10x more than shale oil and it's highly flammable. There is also no complex refinery needed for it to be used as a fuel.
China also has no problem extracting methane hydrates in the sea because it has blue whale rig.
http://www.scmp.com/news/china/society/article/2076179/china-launches-worlds-largest-oil-exploration-sea-platform
Baltic dry index - 957
Today, Thursday, May 18 2017, the Baltic Dry Index decreased by 3 points, reaching 957 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 - 901
The number of rigs exploring for oil and natural gas in the U.S. rose by 16 this week to 901.
A year ago, 404 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 720 rigs sought oil and 180 explored for natural gas this week. One was listed as miscellaneous.
Texas added eight rigs and Oklahoma gained four. Louisiana, Pennsylvania and Wyoming each gained two, while New Mexico and Ohio each added one.
Colorado declined by two rigs and Alaska lost one.
Arkansas, California, Kansas, North Dakota, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out last May at 404.
==============================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Vietnam is not afraid to offend Taiwan but Singapore just doesn't get it.
Vietnam has been at loggerheads with China for territorial claims but Vietnam knows which side to support for its own economic benefits.
Vietnam is not afraid to offend Taiwan for China to see.
Vietnam fined Formosa for USD$500m.
http://asia.nikkei.com/Business/AC/Formosa-Plastics-fined-500m-over-toxic-waste-in-Vietnam
Vietnam clearly spelt out its one China policy.
http://en.nhandan.com.vn/politics/item/4939802-vietnam-china-issues-joint-communique.html
"The Vietnamese side affirmed to consistently pursue the one-China policy, support the peaceful development of Cross-Strait relations and China’s great cause of unification, and resolutely oppose actions for an “independent Taiwan” in any form. Vietnam does not develop any official ties with Taiwan. The Chinese side welcomes Vietnam’s stance."
What does China give to Vietnam in return?
China involves Vietnam deeply in its grandeur one-belt-one-road initiatives and helps Vietnam to get the financing it badly needs.
Project financing and railway construction.
http://news.xinhuanet.com/english/2017-05/15/c_136286256.htm
However, China isolates SG from its one-belt-one-road initiatives because we don't spell out our one-China policy clearly and we help USA to contain China. The devious Taiwan president even tried to use SG as a pawn against China. Therefore, we should also use Taiwan as our leverage to get more economic benefits from China but Singapore just doesn't get it.
Vietnam is not afraid to offend Taiwan for China to see.
Vietnam fined Formosa for USD$500m.
http://asia.nikkei.com/Business/AC/Formosa-Plastics-fined-500m-over-toxic-waste-in-Vietnam
Vietnam clearly spelt out its one China policy.
http://en.nhandan.com.vn/politics/item/4939802-vietnam-china-issues-joint-communique.html
"The Vietnamese side affirmed to consistently pursue the one-China policy, support the peaceful development of Cross-Strait relations and China’s great cause of unification, and resolutely oppose actions for an “independent Taiwan” in any form. Vietnam does not develop any official ties with Taiwan. The Chinese side welcomes Vietnam’s stance."
What does China give to Vietnam in return?
China involves Vietnam deeply in its grandeur one-belt-one-road initiatives and helps Vietnam to get the financing it badly needs.
Project financing and railway construction.
http://news.xinhuanet.com/english/2017-05/15/c_136286256.htm
However, China isolates SG from its one-belt-one-road initiatives because we don't spell out our one-China policy clearly and we help USA to contain China. The devious Taiwan president even tried to use SG as a pawn against China. Therefore, we should also use Taiwan as our leverage to get more economic benefits from China but Singapore just doesn't get it.
Friday, May 19, 2017
Bad news! China has isolated Singapore from its one-belt-one-road initiatives.
http://www.scmp.com/week-asia/geopolitics/article/2094781/what-belt-and-road-snub-means-singapores-ties-china
https://www.bloomberg.com/politics/articles/2017-05-18/singapore-out-in-the-cold-as-southeast-asia-chases-china-cash
China snubbed SG and SG didn't manage to sign any deal with China for the one-belt-one-road initiatives while our neighbour, Malaysia, signed some deals with China during the summit.
http://en.people.cn/n3/2017/0514/c90000-9215022.html
There's also a rumour that SG proposed to engage Japan as the HSR main contractor but Malaysia rejected the notion because it preferred to engage China as HSR main contractor.
Singapore risks being ostracised in ASEAN now because other ASEAN members will have a common topic for discussion (one-belt-one-road) while Singapore will be left in the lurch.
Furthermore, SG couldn't get the EU-SG FTA endorsed by EU. Sigh!
https://www.bloomberg.com/politics/articles/2017-05-18/singapore-out-in-the-cold-as-southeast-asia-chases-china-cash
China snubbed SG and SG didn't manage to sign any deal with China for the one-belt-one-road initiatives while our neighbour, Malaysia, signed some deals with China during the summit.
http://en.people.cn/n3/2017/0514/c90000-9215022.html
There's also a rumour that SG proposed to engage Japan as the HSR main contractor but Malaysia rejected the notion because it preferred to engage China as HSR main contractor.
Singapore risks being ostracised in ASEAN now because other ASEAN members will have a common topic for discussion (one-belt-one-road) while Singapore will be left in the lurch.
Furthermore, SG couldn't get the EU-SG FTA endorsed by EU. Sigh!
Fearmongering by USA for China's debts.
I really find this weird. It seems to me that it's alright for USA to have high debts but not for China.
https://sg.finance.yahoo.com/news/chanos-says-more-stresses-apparent-043117903.html
USA household debts have reached USD$12.73b and the USA national debt is at USD$19.84t but all these debts won't hurt USA banks at all. However, China's debts will hurt Chinese banks. USA national debt of USD$19.84t is larger than China's GDP of USD$11t and it is able to accumulate such high debt because of USD reserve status.
Once this USD confidence is undermined, USA will go bankrupt and people around the world will lose confidence in USA banks too because nobody wants USD anymore.
https://sg.finance.yahoo.com/news/chanos-says-more-stresses-apparent-043117903.html
USA household debts have reached USD$12.73b and the USA national debt is at USD$19.84t but all these debts won't hurt USA banks at all. However, China's debts will hurt Chinese banks. USA national debt of USD$19.84t is larger than China's GDP of USD$11t and it is able to accumulate such high debt because of USD reserve status.
Once this USD confidence is undermined, USA will go bankrupt and people around the world will lose confidence in USA banks too because nobody wants USD anymore.
Wow! TB is not contagious now! Great news!
http://statestimesreview.com/2017/05/17/39-pre-school-children-infected-with-tb-minister-tan-chuan-jin-may-be-responsible/
Our minister stated that TB was not contagious! Maybe he meant only SG TB was not contagious.
Wow! TB must have evolved into a new strain in SG that is no longer contagious. That's really a great news for Singaporeans.
Our minister stated that TB was not contagious! Maybe he meant only SG TB was not contagious.
Wow! TB must have evolved into a new strain in SG that is no longer contagious. That's really a great news for Singaporeans.
Thursday, May 18, 2017
Noble Group needs USD$2b for its survival. Let's see which bank(s) will loan to noble.
https://finance.yahoo.com/news/noble-group-lifeline-depends-bank-041457093.html
Commodity prices won't recover in the short time and the commodities markets will still be in the doldrum because China is reducing its commodities demands.
If Noble cannot get this USD$2b loan, it will be in serious trouble. This will be like those oil&gas companies going bankrupt. USD$2b is not a small sum and Noble won't get this from a single bank but from multiple banks if these banks still have confidence in Noble's repayment abilities.
As Noble is currently generating negative cash flows, I would say that the banks have little confidence in Noble.
Commodity prices won't recover in the short time and the commodities markets will still be in the doldrum because China is reducing its commodities demands.
If Noble cannot get this USD$2b loan, it will be in serious trouble. This will be like those oil&gas companies going bankrupt. USD$2b is not a small sum and Noble won't get this from a single bank but from multiple banks if these banks still have confidence in Noble's repayment abilities.
As Noble is currently generating negative cash flows, I would say that the banks have little confidence in Noble.
Wednesday, May 17, 2017
The fight for KL-SG HSR is not over yet.
The Malaysian government awarded the KL-SG HSR to 3 consortiums which have limited knowledge and experience in building the HSR and excluded China from the HSR project bidding. This exclusion angered China and China withdrew from the Bandar Malaysia deal.
I believe China will be able to win the HSR main construction deal because Malaysia has repented and learnt from its mistake. Malaysia government has also signed some deals during the one-belt-one-road summit and made some promises to the China government too.
Let's see how this will pan out.
http://www.scmp.com/news/hong-kong/economy/article/2094370/hong-kongs-mtr-corp-plans-joint-bid-mainland-rail-giant-build
http://sg-stock.blogspot.sg/2017/05/malaysia-is-first-to-regret-for.html
I believe China will be able to win the HSR main construction deal because Malaysia has repented and learnt from its mistake. Malaysia government has also signed some deals during the one-belt-one-road summit and made some promises to the China government too.
Let's see how this will pan out.
http://www.scmp.com/news/hong-kong/economy/article/2094370/hong-kongs-mtr-corp-plans-joint-bid-mainland-rail-giant-build
http://sg-stock.blogspot.sg/2017/05/malaysia-is-first-to-regret-for.html
Fearmongering by USA again.
https://au.news.yahoo.com/world/a/35539728/north-korea-poses-threat-to-china-russia-us-admiral/#page1
If North Korea is really a threat to China and Russia, they won't just sit by without taking further action. China and Russia have very good radars to defend themselves. Therefore, there is no need for USA to remind China and Russia that NK is a threat to them.
If North Korea is really a threat to China and Russia, they won't just sit by without taking further action. China and Russia have very good radars to defend themselves. Therefore, there is no need for USA to remind China and Russia that NK is a threat to them.
Singapore non-oil domestic exports (NODX) - Part 2
http://www.cnbc.com/2017/05/16/singapores-trade-data-contract-in-april-snapping-growth-streak.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104474225&yptr=yahoo
Singapore NODX is declining in April 2017 significantly.
Year on year changes denote marginal diminishing growth.
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Dec 2016: 9.1%
Nov 2016: 15.6%
http://sg-stock.blogspot.sg/2017/02/singapore-non-oil-domestic-exports-nodx.html
Singapore NODX is declining in April 2017 significantly.
Year on year changes denote marginal diminishing growth.
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Dec 2016: 9.1%
Nov 2016: 15.6%
http://sg-stock.blogspot.sg/2017/02/singapore-non-oil-domestic-exports-nodx.html
Tuesday, May 16, 2017
OMG! GIC made a huge investment loss in UBS!
https://sg.finance.yahoo.com/news/singapore-sovereign-fund-gic-pares-ubs-stake-loss-012021119--sector.html
Our GIC has to console itself by indulging in self-deception with the inclusion of investment gains from Citibank so that its investment record won't look so bad.
Sigh!
Our GIC has to console itself by indulging in self-deception with the inclusion of investment gains from Citibank so that its investment record won't look so bad.
Sigh!
Europe-Singapore FTA has suffered a setback!
http://www.euractiv.com/section/economy-jobs/news/singapore-trade-deal-cannot-be-concluded-by-eu-alone-ecj-rules/
This will just drag on for a long time as this FTA requires all EU countries to ratify. Some EU countries are very slow to endorse FTA. This definitely doesn't bode well for SG.
This will just drag on for a long time as this FTA requires all EU countries to ratify. Some EU countries are very slow to endorse FTA. This definitely doesn't bode well for SG.
Sino-Europe freight train business is flourishing.
http://en.people.cn/n3/2017/0514/c90000-9215085.html
The frequency of the Sino-Europe railway will definitely increase as the trading of goods increases. Therefore, the new longer sea freight between SG & China looks dodgy.
The frequency of the Sino-Europe railway will definitely increase as the trading of goods increases. Therefore, the new longer sea freight between SG & China looks dodgy.
Wow! China will be developing more advanced artificial intelligence.
http://en.people.cn/n3/2017/0514/c90000-9215395.html
A brain-like AI is definitely more advanced than any other current AIs which are just using retrospective algorithms.
Hopefully, this brain-link AI will be our saviour for mankind survival because the world will end in 100 years time.
A brain-like AI is definitely more advanced than any other current AIs which are just using retrospective algorithms.
Hopefully, this brain-link AI will be our saviour for mankind survival because the world will end in 100 years time.
Monday, May 15, 2017
China slowdown is a bane for the world.
https://sg.finance.yahoo.com/news/chinas-economy-shows-signs-slowing-april-024807973.html
China contributes 1/3 of global growth and its slowdown will reverberate around the globe causing a global downturn as well.
http://sg-stock.blogspot.sg/2017/04/china-1st-quarter-gdp-growth-is-69.html
China contributes 1/3 of global growth and its slowdown will reverberate around the globe causing a global downturn as well.
http://sg-stock.blogspot.sg/2017/04/china-1st-quarter-gdp-growth-is-69.html
Stop using microsoft windows and you won't be hacked!
https://sg.news.yahoo.com/microsoft-says-cyberattack-wake-call-governments-234854168.html
NSA is part of the problem for the microsoft hacking. Therefore, it's wiser to stop using microsoft windows.
I've switched to linux and mac OS for my office and personal usages. Therefore, this hacking doesn't concern me at all. Yeah!
NSA is part of the problem for the microsoft hacking. Therefore, it's wiser to stop using microsoft windows.
I've switched to linux and mac OS for my office and personal usages. Therefore, this hacking doesn't concern me at all. Yeah!
Is North Korea trying to antagonize Russia now?
https://sg.news.yahoo.com/north-korea-fires-missile-lands-183827492.html
Is North Korea trying to threaten Russia now with this missile? Look like NK is trying to antagonize every country around it.
Is North Korea trying to threaten Russia now with this missile? Look like NK is trying to antagonize every country around it.
UFOs have invisible mode that we don't have.
Sunday, May 14, 2017
China's one-belt-one-road initiatives' result!
Malaysia has learnt a painful lesson after excluding China from KL-SG hsr.
http://en.people.cn/n3/2017/0514/c90000-9215022.html
Malaysia has repented and will continue to support and promote China in ASEAN. It has signed more deals and cooperations with China.
At least Malaysia is smarter than SG and its economic growth will continue to outpace SG.
http://sg-stock.blogspot.sg/2017/05/malaysia-is-first-to-regret-for.html
Malaysia has repented and will continue to support and promote China in ASEAN. It has signed more deals and cooperations with China.
At least Malaysia is smarter than SG and its economic growth will continue to outpace SG.
http://sg-stock.blogspot.sg/2017/05/malaysia-is-first-to-regret-for.html
Saturday, May 13, 2017
The world is going to end in 100 years time - Stephen Hawking.
http://www.cnbc.com/2017/05/05/stephen-hawking-human-extinction-colonize-planet.html
Cambridge professor, Stephen Hawking, is predicting that the world will end in 100 years time instead of 1000 years which he predicted previously.
Cambridge professor, Stephen Hawking, is predicting that the world will end in 100 years time instead of 1000 years which he predicted previously.
Baltic dry index - 1014
Today, Friday, May 12 2017, the Baltic Dry Index climbed by 2 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 - 885
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by eight this week to 885.
A year ago, only 406 rigs were active amid a slump in energy prices.
Houston oilfield services company Baker Hughes Inc. said Friday that 712 rigs sought oil and 172 explored for natural gas this week. One was listed as miscellaneous.
Texas added eight rigs while Colorado, North Dakota, Ohio and Wyoming each added one.
Oklahoma declined by two rigs while Alaska and New Mexico each lost one.
Arkansas, California, Kansas, Louisiana, Pennsylvania, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out last May at 404.
========================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Friday, May 12, 2017
Noble financial concerns will affect DBS if Noble goes belly up.
http://sg-stock.blogspot.my/2017/05/noble-is-in-serious-financial-trouble.html
Besides Oil & Gas, the commodity industry will affect DBS.
Besides Oil & Gas, the commodity industry will affect DBS.
Noble is in a serious financial trouble now.
https://www.bloomberg.com/gadfly/articles/2017-05-11/noble-group-fails-the-micawber-test?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
A company will survive if it is still producing positive cash flows despite negative profits. However, a company won't make it when it's producing negative cash flows with positive profits. Many profitable companies collapsed because of negative cash flows. Warren Buffett prefers positive cash flow than positive profit.
Noble has a double whammy because it has a debt load which it can't handle and it's producing a negative cash flow.
A company will survive if it is still producing positive cash flows despite negative profits. However, a company won't make it when it's producing negative cash flows with positive profits. Many profitable companies collapsed because of negative cash flows. Warren Buffett prefers positive cash flow than positive profit.
Noble has a double whammy because it has a debt load which it can't handle and it's producing a negative cash flow.
Thursday, May 11, 2017
New sea-rail link between China and Singapore is fishy.
http://en.people.cn/n3/2017/0510/c90000-9213546.html
There is something fishy about this new sea-rail link. China can transport goods to Europe directly now with its railway. Therefore, it doesn't make sense for China to transport goods to Europe via Singapore. China can also ship its goods to South Africa via Myanmar or Pakistan port directly because its railways are connected to these 2 countries. Likewise, China can ship its goods to USA directly too. I really don't understand the rationale for this new sea-rail link as China can bypass Singapore with shorter shipping days.
Did China have a change of heart and decide to treat Singapore better? I hope for the best outcome but remain cautious about this new sea-rail link.
There is something fishy about this new sea-rail link. China can transport goods to Europe directly now with its railway. Therefore, it doesn't make sense for China to transport goods to Europe via Singapore. China can also ship its goods to South Africa via Myanmar or Pakistan port directly because its railways are connected to these 2 countries. Likewise, China can ship its goods to USA directly too. I really don't understand the rationale for this new sea-rail link as China can bypass Singapore with shorter shipping days.
Did China have a change of heart and decide to treat Singapore better? I hope for the best outcome but remain cautious about this new sea-rail link.
Wow! China has automated its Shandong port.
China has successfully tested its anti-THAAD missile.
http://www.bestchinanews.com/Military/6661.html
http://www.scmp.com/news/china/diplomacy-defence/article/2093711/chinas-missile-tests-bohai-aimed-thaad-south-korea
The new missile EVADF-26b is aimed at THAAD radar because THAAD radar has super high radiation during operations. SK will be a target if it doesn't get rid of THAAD.
http://www.scmp.com/news/china/diplomacy-defence/article/2093711/chinas-missile-tests-bohai-aimed-thaad-south-korea
The new missile EVADF-26b is aimed at THAAD radar because THAAD radar has super high radiation during operations. SK will be a target if it doesn't get rid of THAAD.
Wednesday, May 10, 2017
New South Korean President is pro-peace.
http://en.people.cn/n3/2017/0510/c90000-9213354.html
Hopefully, this new SK president can defuse the tension and make peace with China and NK. THAAD is definitely something China & NK don't like.
Hopefully, this new SK president can defuse the tension and make peace with China and NK. THAAD is definitely something China & NK don't like.
Malaysia is at a crossroad now.
http://www.chinapost.com.tw/business/asia/malaysia/2017/05/08/496915/p3/Chinese-dealings.htm
Like it or not, China will be a domineering force in ASEAN and China has fostered strong relationships with Thailand, Myanmar, Laos and Cambodia which are very near to Malaysia.
If Malaysia doesn't want to deal with China, it will lose its strategic importance for China and also lose China's investments. China will invest heavily in any country which is of strategic importance to China. We just need to look at Myanmar and Cambodia where China is building ports and infrastructures in these countries. As for Laos, China will be turning Laos into a transhipment hub as it is nicely snap-in among a few countries.
Malaysia will lose heavily if China starts to build port in Thailand or the Kra canal. China can put the Kra canal project on hold as long as Malaysia continues to welcome China's investments because China wants to use Malaysia to contain Singapore.
Like it or not, China will be a domineering force in ASEAN and China has fostered strong relationships with Thailand, Myanmar, Laos and Cambodia which are very near to Malaysia.
If Malaysia doesn't want to deal with China, it will lose its strategic importance for China and also lose China's investments. China will invest heavily in any country which is of strategic importance to China. We just need to look at Myanmar and Cambodia where China is building ports and infrastructures in these countries. As for Laos, China will be turning Laos into a transhipment hub as it is nicely snap-in among a few countries.
Malaysia will lose heavily if China starts to build port in Thailand or the Kra canal. China can put the Kra canal project on hold as long as Malaysia continues to welcome China's investments because China wants to use Malaysia to contain Singapore.
China will take control of Myanmar port.
http://www.reuters.com/article/us-china-silkroad-myanmar-port-exclusive-idUSKBN1811DF
This deal is not as simple as it looks.
The truth is China gave up its myitsone dam project in exchange for this port control because the port is of strategic importance to China.
Myanmar faced tremendous pressure by locals who resisted the dam construction.
https://www.nytimes.com/2017/03/31/world/asia/myanmar-china-myitsone-dam-project.html
If Myanmar cancelled the dam project, it would have to pay a penalty of USD$800m which Myanmar couldn't afford. Therefore, instead of asking Myanmar to pay the penalty, China preferred to take control of the port and pay Myanmar for the controlling stakes. This strategic move will cost China about USD$10b in total. When China deems something as strategic important, it is willing to pay for it.
http://www.waterpolitics.com/2017/04/19/the-thirsty-dragon-china-ostensibly-cancels-myitsone-dam-project-in-myanmar-in-favour-of-access-to-kyaukpyu-port/
This deal is not as simple as it looks.
The truth is China gave up its myitsone dam project in exchange for this port control because the port is of strategic importance to China.
Myanmar faced tremendous pressure by locals who resisted the dam construction.
https://www.nytimes.com/2017/03/31/world/asia/myanmar-china-myitsone-dam-project.html
If Myanmar cancelled the dam project, it would have to pay a penalty of USD$800m which Myanmar couldn't afford. Therefore, instead of asking Myanmar to pay the penalty, China preferred to take control of the port and pay Myanmar for the controlling stakes. This strategic move will cost China about USD$10b in total. When China deems something as strategic important, it is willing to pay for it.
http://www.waterpolitics.com/2017/04/19/the-thirsty-dragon-china-ostensibly-cancels-myitsone-dam-project-in-myanmar-in-favour-of-access-to-kyaukpyu-port/
China ports which are near to Singapore.
Phnom Penh Port in Cambodia (East of Singapore)
http://sg-stock.blogspot.sg/2016/11/china-cambodia-port-is-going-to-start.html
https://news.cgtn.com/news/3d55444f32557a4d/share_p.html
Malacca Port (North of Singapore)
Myanmar Port (West of Singapore)
Pakistan Port (Further west of Singapore)
All these ports are linked by the one-belt-one-road initiatives (Railways) and China can totally bypass Singapore because it can upload and download goods from the eastern, northern and western of Singapore without going through Singapore. We may not feel the impacts now but our future generations will feel the great impacts and they'll have to pay dearly for our current political positions.
http://sg-stock.blogspot.sg/2016/11/china-cambodia-port-is-going-to-start.html
https://news.cgtn.com/news/3d55444f32557a4d/share_p.html
Malacca Port (North of Singapore)
Myanmar Port (West of Singapore)
Pakistan Port (Further west of Singapore)
All these ports are linked by the one-belt-one-road initiatives (Railways) and China can totally bypass Singapore because it can upload and download goods from the eastern, northern and western of Singapore without going through Singapore. We may not feel the impacts now but our future generations will feel the great impacts and they'll have to pay dearly for our current political positions.
OMG! Taiwan is going to drag Singapore into its fight against China.
http://www.intellasia.net/taiwans-pivot-south-on-track-says-tsai-592740
What a devious woman!
Taiwan is trying to drag Singapore into its fight against China. Singapore is not a pawn and we must not let ourselves be used by Taiwan for its own selfish political gain.
We cannot give more reasons for China to whip Singapore. China is adamant to reduce the strategic importance of Singapore's port by developing its own worldwide port networks so that its goods won't pass by Singapore. Why? This is because SG is helping USA to contain China by providing USA a naval base in SG so that we can seal off strait of Malacca during war time.
https://ig.ft.com/sites/china-ports/
China's crude oil doesn't need to pass through Singapore anymore in April 2017.
http://www.scmp.com/news/china/economy/article/2086837/myanmar-pipeline-gives-china-faster-supply-oil-middle-east
This pipeline is able to move 22m tonnes of oil per year and SG is not able to earn a cent out of it.
China is also going to build a gas pipeline in Myanmar and SG will also be out of the picture.
What a devious woman!
Taiwan is trying to drag Singapore into its fight against China. Singapore is not a pawn and we must not let ourselves be used by Taiwan for its own selfish political gain.
We cannot give more reasons for China to whip Singapore. China is adamant to reduce the strategic importance of Singapore's port by developing its own worldwide port networks so that its goods won't pass by Singapore. Why? This is because SG is helping USA to contain China by providing USA a naval base in SG so that we can seal off strait of Malacca during war time.
https://ig.ft.com/sites/china-ports/
China's crude oil doesn't need to pass through Singapore anymore in April 2017.
http://www.scmp.com/news/china/economy/article/2086837/myanmar-pipeline-gives-china-faster-supply-oil-middle-east
This pipeline is able to move 22m tonnes of oil per year and SG is not able to earn a cent out of it.
China is also going to build a gas pipeline in Myanmar and SG will also be out of the picture.
Tuesday, May 9, 2017
Nomura is an unscrupulous company.
https://www.bloomberg.com/news/articles/2017-05-08/ex-nomura-trio-taught-junior-bond-traders-to-lie-u-s-alleges
Be careful when you use Nomura services. The employees will lie to you just to get your business in their own interests and not in your interest.
Be careful when you use Nomura services. The employees will lie to you just to get your business in their own interests and not in your interest.
Chilean navy captured UFO on cam.
http://www.huffingtonpost.com/entry/groundbreaking-ufo-video-just-released-from-chilean_us_586d37bce4b014e7c72ee56b
http://www.dailymail.co.uk/news/article-4095314/It-s-verified-UFO-Chile-release-footage-mystery-object-flying-navy-helicopter-two-year-investigation-fails-explain-it.html
Nobody could explain this flying craft.
http://www.dailymail.co.uk/news/article-4095314/It-s-verified-UFO-Chile-release-footage-mystery-object-flying-navy-helicopter-two-year-investigation-fails-explain-it.html
Nobody could explain this flying craft.
North Korea Kim accused CIA of trying to assassinate him.
http://uk.reuters.com/article/uk-northkorea-usa-idUKKBN181142
I'm confident that CIA is capable of doing that. However, this might be just a false allegation by Kim.
It's hard to know who's telling the truth now.
I'm confident that CIA is capable of doing that. However, this might be just a false allegation by Kim.
It's hard to know who's telling the truth now.
Monday, May 8, 2017
Who was Singapore's first elected President? - Part 2.
https://sg.news.yahoo.com/tan-cheng-bock-files-court-challenge-term-count-elected-presidency-115325926.html
Finally! Someone is standing up to seek the truth when no Singaporean cares about it. An elected president should be a presidential candidate who won with a majority vote count in an open election and not someone who was appointed but exercised presidential power.
Our first elected president will always be Ong Teng Cheong, not Wee Kim Wee. The national library archive is correct.
http://sg-stock.blogspot.sg/2017/02/who-was-singapore-first-elected.html
Finally! Someone is standing up to seek the truth when no Singaporean cares about it. An elected president should be a presidential candidate who won with a majority vote count in an open election and not someone who was appointed but exercised presidential power.
Our first elected president will always be Ong Teng Cheong, not Wee Kim Wee. The national library archive is correct.
http://sg-stock.blogspot.sg/2017/02/who-was-singapore-first-elected.html
Yuuzoo's auditor quitted because of financial concern.
http://www.businesstimes.com.sg/companies-markets/yuuzoo-says-audit-delay-due-to-intense-interaction-with-auditor
This is definitely a warning sign for more troubles to come as perceived valuation of Yuuzoo's franchisee's shares can evaporate like a whiff of smoke. Yuuzoo should be more upfront on the rationale and methodology used to value the shares and the concern raised by the auditor. Why did the auditor disagree with the valuation? Equities received in place of receivables meant that its franchisee was not doing well and couldn't pay the money owed. Therefore, there must be massive writedown of the shares to be used to replace the debt owed to Yuuzoo as the on-going concern was hard to assess.
This is definitely a warning sign for more troubles to come as perceived valuation of Yuuzoo's franchisee's shares can evaporate like a whiff of smoke. Yuuzoo should be more upfront on the rationale and methodology used to value the shares and the concern raised by the auditor. Why did the auditor disagree with the valuation? Equities received in place of receivables meant that its franchisee was not doing well and couldn't pay the money owed. Therefore, there must be massive writedown of the shares to be used to replace the debt owed to Yuuzoo as the on-going concern was hard to assess.
Sunday, May 7, 2017
Massive UFO in France's sky!
Saturday, May 6, 2017
Malaysia is the first to regret for awarding the KL-SG HSR to SG.
http://www.channelnewsasia.com/news/business/capital-controls-high-speed-rail-behind-collapse-of-bandar-8823716
China will not deem any investment to be strategic when it's taken out of the equation. Malaysia had excluded China from the SG-KL HSR project in favour for less experienced partners. Please bear in mind that nobody on this earth had built more HSRs than China.
Therefore, it's no surprise that China doesn't view the whole project as strategic anymore.
China will not deem any investment to be strategic when it's taken out of the equation. Malaysia had excluded China from the SG-KL HSR project in favour for less experienced partners. Please bear in mind that nobody on this earth had built more HSRs than China.
Therefore, it's no surprise that China doesn't view the whole project as strategic anymore.
Baltic dry index - 994
Today, Friday, May 05 2017, the Baltic Dry Index decreased by 10 points, reaching 994 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 - 877
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by seven this week to 877.
A year ago, only 415 rigs were active amid a slump in energy prices.
Houston oilfield services company Baker Hughes Inc. said Friday that 703 rigs sought oil and 173 explored for natural gas this week. One was listed as miscellaneous.
Texas added six rigs, Louisiana gained four, Alaska and Wyoming were up two each, and Colorado and New Mexico increased by one apiece.
Oklahoma declined by seven rigs while North Dakota, Pennsylvania and West Virginia each lost one.
Arkansas, California, Kansas, Ohio and Utah were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out last May at 404.
============================
Related stocks: Keppel Corp, Sembcorp Marine, Cosco.
Friday, May 5, 2017
Oil prices won't go higher in the future. Here's why!
USA had discovered some big oil fields recently that would put the world's pricing power in its hand.
http://www.rcinet.ca/eye-on-the-arctic/2017/03/10/northern-alaska-oil-discovery-just-got-lot-bigger/
https://www.theguardian.com/environment/2016/nov/17/untapped-oil-texas-permian-basin-900-billion
Coupled with its shale oil technology, it is able to be self-sufficient and export its oil. Therefore, its oil imports will start to dwindle and eventually stop and this will greatly affect the middle east oil markets.
http://www.rcinet.ca/eye-on-the-arctic/2017/03/10/northern-alaska-oil-discovery-just-got-lot-bigger/
https://www.theguardian.com/environment/2016/nov/17/untapped-oil-texas-permian-basin-900-billion
Coupled with its shale oil technology, it is able to be self-sufficient and export its oil. Therefore, its oil imports will start to dwindle and eventually stop and this will greatly affect the middle east oil markets.
Thursday, May 4, 2017
Malaysia and Singapore must be regretting now for not getting China to build the HSR.
http://en.people.cn/n3/2017/0503/c90000-9210265.html
The current HSR speed is around 300km/hr and this current technology will be applied to the HSR between Singapore and Malaysia because not many nations can build HSR at much higher speed.
China's HSR speed will be hitting 400km/hr soon and this will make our current technology an obsolete technology. Passengers who are used to 400km/hr will find our 300km/hr a tad too slow.
China's HSR speed will hit 600km/hr in the future which will be double our current speed now. What a shame for a high-tech country like SG!
The current HSR speed is around 300km/hr and this current technology will be applied to the HSR between Singapore and Malaysia because not many nations can build HSR at much higher speed.
China's HSR speed will be hitting 400km/hr soon and this will make our current technology an obsolete technology. Passengers who are used to 400km/hr will find our 300km/hr a tad too slow.
China's HSR speed will hit 600km/hr in the future which will be double our current speed now. What a shame for a high-tech country like SG!
China has built the first quantum computer in the world!
http://en.people.cn/n3/2017/0503/c90000-9210418.html
China can proclaim that it's the first to build quantum computer now. If USA also manages to build a quantum computer, China can say that USA has stolen the technology.
I'm not surprised that China is the first to build a quantum computer because of its profound understanding of quantum physics. It's the first to produce a quantum satellite and radar too.
Kudos to China! We'll have super fast computers now!
China can proclaim that it's the first to build quantum computer now. If USA also manages to build a quantum computer, China can say that USA has stolen the technology.
I'm not surprised that China is the first to build a quantum computer because of its profound understanding of quantum physics. It's the first to produce a quantum satellite and radar too.
Kudos to China! We'll have super fast computers now!
Wednesday, May 3, 2017
Is North Korea going to do nuclear test soon?
https://sg.news.yahoo.com/activity-resumes-north-korea-nuclear-test-monitor-043456879.html
Let's hope not but satellite images show that there are activities going on.
Let's hope not but satellite images show that there are activities going on.
China medical breakthrough - A drop of blood can be used to detect cancer.
http://en.people.cn/n3/2017/0502/c90000-9209605.html
Wow! This is really great news for humanity. Early detection will aid in saving lives and China deserves to be extolled for such an invention.
Wow! This is really great news for humanity. Early detection will aid in saving lives and China deserves to be extolled for such an invention.
South Korea's citizens are protesting against THAAD.
http://en.people.cn/n3/2017/0502/c90000-9209898.html
THAAD has put the citizens in dangers because it has strong radiation and the location will be targeted by NK & China missiles.
THAAD has put the citizens in dangers because it has strong radiation and the location will be targeted by NK & China missiles.
Is USA preparing for a nuclear war in NK?
http://en.people.cn/n3/2017/0502/c90000-9209996.html
I think this is just a scare tactic deployed by USA to frighten NK into giving up its nuclear programme and force Kim to return to the round table discussion. I hope that Kim will be succumbed to submission and not harbour a do or die attitude. Kim has to put up a brave front or he will lose his respect and leadership. This is something that cannot be taken lightly because he will go all out to save his face.
China also will not allow any nuclear war in NK because it will affect China's borders.
I think this is just a scare tactic deployed by USA to frighten NK into giving up its nuclear programme and force Kim to return to the round table discussion. I hope that Kim will be succumbed to submission and not harbour a do or die attitude. Kim has to put up a brave front or he will lose his respect and leadership. This is something that cannot be taken lightly because he will go all out to save his face.
China also will not allow any nuclear war in NK because it will affect China's borders.
Tuesday, May 2, 2017
Do not buy Samsung S8.
http://www.koreaherald.com/view.php?ud=20170501000550
Samsung S8 has a lot of problems and you will regret buying it as it's very expensive. Why buy an expensive but defective product?
Samsung S8 has a lot of problems and you will regret buying it as it's very expensive. Why buy an expensive but defective product?
Travel alert to Europe!
https://sg.news.yahoo.com/u-issues-travel-alert-europe-citing-threat-terrorist-032734182.html
Do not travel to Europe now as USA has issued travel alert. However, if you feel that your life is of lesser value to Americans, you can travel to Europe at your own risk.
Do not travel to Europe now as USA has issued travel alert. However, if you feel that your life is of lesser value to Americans, you can travel to Europe at your own risk.
USA growth is also slowing.
http://www.investors.com/news/economy/ism-manufacturing-index-slides-to-54-8-in-april/?src=A00220&yptr=yahoo
USA & China growths are in diminishing return modes. If this phenomenon continues, we'll be heading for a stock correction soon.
USA & China growths are in diminishing return modes. If this phenomenon continues, we'll be heading for a stock correction soon.
China growth is slowing.
http://finance.yahoo.com/news/china-april-factory-growth-slows-043242671.html
If commodity prices are rising but manufacturing growth is slowing, we'll have stagflation which is difficult to deal with. Furthermore, interest rates will be rising to curb inflation and investments.
If commodity prices are rising but manufacturing growth is slowing, we'll have stagflation which is difficult to deal with. Furthermore, interest rates will be rising to curb inflation and investments.
Monday, May 1, 2017
Do you believe that the first airport was built 7,000 years ago?
http://www.independent.co.uk/news/world/middle-east/iraq-spaceships-transport-minister-kazem-finjan-iraqi-sumerians-space-travel-7000-years-ago-a7340966.html
Iraqi transport minister declared that the first airport was built 7,000 years ago by aliens. This is the 2nd minister to declare that Aliens exist after ex-Canadian defence minister.
Iraqi transport minister declared that the first airport was built 7,000 years ago by aliens. This is the 2nd minister to declare that Aliens exist after ex-Canadian defence minister.
North Korea wanna do nuclear test.
https://sg.news.yahoo.com/n-korea-warns-nuclear-test-time-071955761.html
Let's see if he has the guts to do it. He will lose China's support immediately once he does that. Russia also won't support him anymore after the nuclear test.
It's a lose-lose situation for Kim if he pushes ahead with the nuclear test. He should just accept China's proposition to drop his nuclear development in exchange for China's defence/protection plan. China is capable of defending NK now.
Let's see if he has the guts to do it. He will lose China's support immediately once he does that. Russia also won't support him anymore after the nuclear test.
It's a lose-lose situation for Kim if he pushes ahead with the nuclear test. He should just accept China's proposition to drop his nuclear development in exchange for China's defence/protection plan. China is capable of defending NK now.
Sunday, April 30, 2017
Wow! China maybe the first country to build a vacuum train.
http://www.chinadaily.com.cn/china/2017-04/26/content_29091266.htm
This is the latest transportation technology which can travel at 2900km/hr which is about 3x the speed of a commercial airliner.
China has really improved by leaps and bounds in engineering technology. No wonder it can complete the carrier construction in 3 years.
http://economictimes.indiatimes.com/news/defence/8000-innovations-added-on-chinas-1st-home-made-aircraft-carrier/articleshow/58417638.cms
This is the latest transportation technology which can travel at 2900km/hr which is about 3x the speed of a commercial airliner.
China has really improved by leaps and bounds in engineering technology. No wonder it can complete the carrier construction in 3 years.
http://economictimes.indiatimes.com/news/defence/8000-innovations-added-on-chinas-1st-home-made-aircraft-carrier/articleshow/58417638.cms
Saturday, April 29, 2017
China is increasing its trading with EU by railway.
https://sg.news.yahoo.com/first-direct-london-china-train-completes-12-000-024752742.html
What can I say? Well done! This will definitely help to cushion the economic impacts of Brexit for UK.
What can I say? Well done! This will definitely help to cushion the economic impacts of Brexit for UK.
EU inflation is heating up.
http://finance.yahoo.com/news/european-bonds-slide-core-inflation-102153013.html
Interest rates won't stay low for too low because of increasing inflations. Governments around the globe will definitely increase interest rates. Those who are behind the yield curve will definitely pay a much higher price because their economies will have more knee-jerk reactions due to the magnitude increases.
Therefore, it is a matter of WHEN, not IF that interest rates will rise.
http://sg-stock.blogspot.sg/2017/04/high-interest-rate-environment-is.html
Interest rates won't stay low for too low because of increasing inflations. Governments around the globe will definitely increase interest rates. Those who are behind the yield curve will definitely pay a much higher price because their economies will have more knee-jerk reactions due to the magnitude increases.
Therefore, it is a matter of WHEN, not IF that interest rates will rise.
http://sg-stock.blogspot.sg/2017/04/high-interest-rate-environment-is.html
Baltic dry index - 1109
Today, Friday, April 28 2017, the Baltic Dry Index decreased by 25 points, reaching 1109 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 - 870
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by 13 this week to 870.
A year ago, 420 rigs were active.
Houston oilfield services company Baker Hughes Inc. said Friday that 697 rigs sought oil and 171 explored for natural gas this week. Two were listed as miscellaneous.
Texas added 11 rigs, Oklahoma gained three and Wyoming gained one.
New Mexico lost three rigs.
Alaska, Arkansas, California, Colorado, Kansas, Louisiana, North Dakota, Ohio, Pennsylvania, Utah and West Virginia were unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out last May at 404.
============================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, April 28, 2017
China's one-belt-one-road initiatives are increasing trades.
http://en.people.cn/n3/2017/0428/c90000-9209056.html
China has shown that its one-belt-one-road initiatives are beneficial to all trading partners with trading figures in the double digits growth.
Kudos to China for improving world trades.
China has shown that its one-belt-one-road initiatives are beneficial to all trading partners with trading figures in the double digits growth.
Kudos to China for improving world trades.
There won't be any war in Korean peninsula unless China agrees.
http://en.people.cn/n3/2017/0428/c90000-9209089.html
No wonder China and Russia have amassed troops at the borders because China has drawn a red line for US, NK & SK. The troops are not just to manage war refugees at the borders but also to defend NK if US & SK attack it.
No wonder China and Russia have amassed troops at the borders because China has drawn a red line for US, NK & SK. The troops are not just to manage war refugees at the borders but also to defend NK if US & SK attack it.
USA economy is not as resilient as thought.
https://sg.news.yahoo.com/us-growth-hits-3-low-0-7-trumps-132946785.html
US growth is faltering but its contribution is not as huge as China. Therefore, it's more important to monitor China economic growth.
US growth is faltering but its contribution is not as huge as China. Therefore, it's more important to monitor China economic growth.
Conflict of interest between USA & Japan
https://sg.finance.yahoo.com/news/japan-not-concessions-two-way-trade-talks-u-020810258--business.html
USA president and Japan PM are supported by farmers and it's very difficult to back down on either side on agricultural trades because both will lose political powers if they do not protect their own farming industries.
We foresee Japan to be the greater loser as Japan's economic power is nowhere near USA's.
USA president and Japan PM are supported by farmers and it's very difficult to back down on either side on agricultural trades because both will lose political powers if they do not protect their own farming industries.
We foresee Japan to be the greater loser as Japan's economic power is nowhere near USA's.
LOL! Trump is demanding protection fee from South Korea.
https://sg.news.yahoo.com/seoul-rejects-trump-demand-pays-missile-system-042006455.html
Guess what! South Korea is not paying for THAAD and THAAD will be kicked out of SK after the tension subsides in North Korea peninsula.
Nobody will pay for a useless defence system as it cannot defend against low flying rockets.
Guess what! South Korea is not paying for THAAD and THAAD will be kicked out of SK after the tension subsides in North Korea peninsula.
Nobody will pay for a useless defence system as it cannot defend against low flying rockets.
Thursday, April 27, 2017
Something is seriously wrong with Trump's grandeur plan.
http://www.latimes.com/politics/washington/la-na-essential-washington-updates-trump-wants-to-cut-business-rate-to-15-1493215127-htmlstory.html
How is he going to plug the budget deficit that he's creating with all the fiscal spending, military expansion and corporate tax cut? Money doesn't just drop from the sky unless he's planning to print money again.
How can the government continue to finance welfare benefits such as unemployment claims, medicare and so on with lesser tax receipts?
How is he going to plug the budget deficit that he's creating with all the fiscal spending, military expansion and corporate tax cut? Money doesn't just drop from the sky unless he's planning to print money again.
How can the government continue to finance welfare benefits such as unemployment claims, medicare and so on with lesser tax receipts?
SGX is finding increasingly hard to attract companies to list.
https://sg.finance.yahoo.com/news/more-chinese-firms-saying-goodbye-044700267.html
SGX is nothing compared to HKEX as HKEX is 10x bigger than SGX. SGX can only attract mid-size and small companies to come to list on SGX.
When China companies don't come to SG, SG stock valuations will fall because of illiquidity.
SGX is nothing compared to HKEX as HKEX is 10x bigger than SGX. SGX can only attract mid-size and small companies to come to list on SGX.
When China companies don't come to SG, SG stock valuations will fall because of illiquidity.
Tuesday, April 25, 2017
North Korean missiles were made from UK components.
http://www.dailymail.co.uk/news/article-4436180/Why-UK-parts-turning-Korean-missiles.html
UK is trying to exonerate itself from North Korean missiles now like what it did when UK approved export of nerve gas chemical to Syria.
UK is trying to exonerate itself from North Korean missiles now like what it did when UK approved export of nerve gas chemical to Syria.
Thailand has bought China military arsenal.
https://sg.news.yahoo.com/thai-junta-defends-cheap-393-mn-chinese-sub-041435682.html
Thailand and China have formed military pact through these purchases as the thais will be trained by the chinese.
The Thais sure know how to diversify their weaponry and not rely just on USA. This is definitely a good strategic move as Thailand won't be restricted by one nation.
Thailand and China have formed military pact through these purchases as the thais will be trained by the chinese.
The Thais sure know how to diversify their weaponry and not rely just on USA. This is definitely a good strategic move as Thailand won't be restricted by one nation.
China naval military prowess.
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