After Saudi Arab King's visit to China in March 2017, China has managed to get Saudi to give more price discounts to China and also use Yuan as the oil currency.
http://us.blastingnews.com/business/2017/06/china-may-seal-the-fate-of-the-petrodollar-with-yuan-payments-for-saudi-oil-001745281.html
This is a bone-breaking deal that will hurt the USD reserve currency status. USD will weaken when more international tradings are done in non-USD currency.
China is definitely the biggest winner as it gets more price discounts and also no currency exchange losses.
Wednesday, June 7, 2017
What is Japan thinking! It just shows its inane in public.
http://www.globaltimes.cn/content/1050308.shtml
After badmouthing China in the Singapore during the Shangri-La Security Dialogue, Japan has expressed interest in joining the one-belt-one-road initiatives. What is Japan thinking? Who will be so generous and forgiving?
Thus, it is not surprising for China to reject Japan's interest and Japan really deserves a tight slap for its inane behaviour.
Last but not least, China has also downgraded the security dialogue by sending a non-ministerial and low-ranking personnel to attend this summit in Singapore.
After badmouthing China in the Singapore during the Shangri-La Security Dialogue, Japan has expressed interest in joining the one-belt-one-road initiatives. What is Japan thinking? Who will be so generous and forgiving?
Thus, it is not surprising for China to reject Japan's interest and Japan really deserves a tight slap for its inane behaviour.
Last but not least, China has also downgraded the security dialogue by sending a non-ministerial and low-ranking personnel to attend this summit in Singapore.
Public security is very bad in Europe now!
http://en.people.cn/n3/2017/0606/c90000-9224831.html
France started allowing China police officers to patrol Paris streets to protect China tourists in 2014 because of the high crimes rate. Italy has followed suit and allowed China police officers to patrol 4 cities to protect China tourists.
France started allowing China police officers to patrol Paris streets to protect China tourists in 2014 because of the high crimes rate. Italy has followed suit and allowed China police officers to patrol 4 cities to protect China tourists.
Tuesday, June 6, 2017
Middle East crisis!
https://www.theguardian.com/world/2017/jun/05/saudi-arabia-and-bahrain-break-diplomatic-ties-with-qatar-over-terrorism
Qatar is being ostracized by other middle eastern countries because it is the main supporter for ISIS. Qatar has been funding and supporting ISIS for a long time. Therefore, it's about time that other islamic countries take actions against Qatar.
Qatar is being ostracized by other middle eastern countries because it is the main supporter for ISIS. Qatar has been funding and supporting ISIS for a long time. Therefore, it's about time that other islamic countries take actions against Qatar.
Monday, June 5, 2017
Noble has difficulty in getting new loans!
http://www.businesstimes.com.sg/companies-markets/noble-group-is-said-to-ask-lenders-to-extend-credit-facility
Noble is asking for credit extensions with its existing banks because it has encountered great difficulties in securing new funding.
We did warn in our previous postings that investors would have little confidence in Noble because of its negative cash flows and the weak commodities industry.
Noble is asking for credit extensions with its existing banks because it has encountered great difficulties in securing new funding.
We did warn in our previous postings that investors would have little confidence in Noble because of its negative cash flows and the weak commodities industry.
Malaysian cops are asking for bribery for this Ramadan Festival again!
Sunday, June 4, 2017
London attack after Manchester bombing!
http://www.bbc.com/news/uk-40146916
Look like terrorists are adamant to disrupt the 8 June election.
http://sg-stock.blogspot.sg/2017/05/whats-motive-for-manchester-bombing.html
Let's see how this will pan out.
Look like terrorists are adamant to disrupt the 8 June election.
http://sg-stock.blogspot.sg/2017/05/whats-motive-for-manchester-bombing.html
Let's see how this will pan out.
Saturday, June 3, 2017
Baltic dry index - 830
Today, Friday, June 02 2017, the Baltic Dry Index decreased by 20 points, reaching 830 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 - 916
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. rose by eight this week to 916.
A year ago, just 408 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 733 rigs sought oil and 182 explored for natural gas this week. One was listed as miscellaneous.
Texas added five rigs, Oklahoma added three, while Colorado, North Dakota, and Ohio each gained one.
New Mexico and Pennsylvania each lost two rigs, while Louisiana lost one.
Alaska, Arkansas, California, Kansas, Utah, West Virginia and Wyoming were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
========================
Related stocks: Keppel Corp, Sembcorp Marine & Cosco.
Friday, June 2, 2017
Global warming is a threat to humanity but USA President Trump doesn't care.
The withdrawal from the Paris climate pact by USA is definitely a setback for the world. The Paris climate pact is supposed to control the temperature rise within 2 degree celsius from pre-industrial era.
The impact of global warming can be felt by our generation now. Just look at the warmer weather in Alaska. The Alaskan mosquitoes are breeding faster and living longer now compared to the past.
These mosquitoes are spreading because they're slowly killing other animals living in the vicinity. As it gets harder for the mosquitoes to feed on blood from other animals, the mosquitoes are targeting humans now.
The Alaskan mosquitoes are much bigger than other types of mosquitoes.
The impact of global warming can be felt by our generation now. Just look at the warmer weather in Alaska. The Alaskan mosquitoes are breeding faster and living longer now compared to the past.
The Alaskan mosquitoes are much bigger than other types of mosquitoes.
DBS and OCBC played a part in Indonesian haze that affected Singapore.
http://www.channelnewsasia.com/news/singapore/dbs-ocbc-financed-indonesian-palm-oil-firms-engaged-in-8906772
What happened to corporate social responsibility advocated by our local banks?
http://www.straitstimes.com/business/dbs-sets-up-50-million-foundation-for-corporate-social-responsibility-efforts
http://www.todayonline.com/singapore/ocbc-injects-s600000-csr-scheme-initiatives
Look like being conscious of our environment is never part of our banks' CSR. Making money is a higher priority over protecting the environment!
What happened to corporate social responsibility advocated by our local banks?
http://www.straitstimes.com/business/dbs-sets-up-50-million-foundation-for-corporate-social-responsibility-efforts
http://www.todayonline.com/singapore/ocbc-injects-s600000-csr-scheme-initiatives
Look like being conscious of our environment is never part of our banks' CSR. Making money is a higher priority over protecting the environment!
Resorts World Manila was attacked! This casino is a subsidiary of Genting.
https://sg.news.yahoo.com/gunman-kills-himself-suspected-robbery-philippines-casino-police-005155910.html
Resorts World Manila, a subsidiary of Genting, was under attacked and at least 36 people were dead.
Resorts World Manila, a subsidiary of Genting, was under attacked and at least 36 people were dead.
OMG! There is a huge shortage of Renminbi now! - Part 2
What are the implications for a rising Renminbi?
By right, the Moody's downgrade of China's credit rating would cause Renminbi to depreciate because more investors would stay away from China resulting in lesser capital inflows and more outflows. However, the opposite happened because of intervention by the China government. The rising Renminbi will affect a few things in the world because China is the 2nd largest economy.
The China property market will start to damper because it becomes more expensive for foreign investors to invest in properties due to unfavourable exchange rates. The burgeoning debt situation will also be reduced spontaneously because of a stronger Renminbi, especially for the foreign currency denominated debts. Foreign companies in China and those trading with China will also start to stock up on Renminbi because of this shortage.
All in all, the rising Renminbi will cause the China government to increase interest rates to reduce the demand and keep the yuan in China. Therefore, fixed income fund manager will be monitoring the spreads between Hibor & Shibor for any arbitrage opportunities.
Thursday, June 1, 2017
China will be building an undersea monitoring system in South China Sea.
http://edition.cnn.com/2017/05/29/asia/south-china-sea-underwater-observation-system/
This is akin to USA "SOSUS".
https://en.wikipedia.org/wiki/SOSUS
China will be able to know the undersea activities soon with this system. It will be harder for USA submarines and undersea drones to be undetected.
This is akin to USA "SOSUS".
https://en.wikipedia.org/wiki/SOSUS
China will be able to know the undersea activities soon with this system. It will be harder for USA submarines and undersea drones to be undetected.
Fake beer production in China!
http://en.people.cn/n3/2017/0531/c90000-9222451.html
This time is Budweiser brand.
Don't ever think that buying an international brand in China is a safe shopping decision unless the production is not in China.
This time is Budweiser brand.
Don't ever think that buying an international brand in China is a safe shopping decision unless the production is not in China.
OMG! There is a huge shortage of Renminbi now!
Just take a look at the charts for the past few days.
The overnight CNH Hibor has surged from 5.35% to 42.8% now which shows that there is a huge shortage of Chinese yuan now. This means that the China government has succeeded in stamping the capital outflow and attracted foreign investors to stock up on yuan.
The HK-China bond trading link has also helped to boost the Chinese yuan demand.
The HK-China bond trading link has also helped to boost the Chinese yuan demand.
Wednesday, May 31, 2017
Artificial intelligence will destroy more jobs than it creates.
Many displaced workers won't be able to fit in this new industrial revolution and can no longer find jobs but our government is not forthcoming about this. Training and re-training will no longer help those displaced workers to find jobs as humans cannot work 24/7 and are not as effective as AI machines.
http://www.marketwatch.com/story/this-is-how-many-us-jobs-robots-and-automation-will-create-over-the-next-10-years-2017-04-04
MIT University research showed that every 1 robot added would displace 6 human workers. AI machines will create 15m new jobs in USA but also destroy 25m jobs simultaneously. The net effect will be a job loss of 10m which is tantamount to 10m displaced humans without jobs. These 10m humans won't be able to work and will create a new social problem.
http://www.marketwatch.com/story/this-is-how-many-us-jobs-robots-and-automation-will-create-over-the-next-10-years-2017-04-04
MIT University research showed that every 1 robot added would displace 6 human workers. AI machines will create 15m new jobs in USA but also destroy 25m jobs simultaneously. The net effect will be a job loss of 10m which is tantamount to 10m displaced humans without jobs. These 10m humans won't be able to work and will create a new social problem.
Tuesday, May 30, 2017
USA has a warped viewpoint of the world.
https://www.reuters.com/article/us-australia-usa-mccain-idUSKBN18Q0WZ
USA accused China of being a bully in South China Sea. What a joke! USA should look at itself first.
Was USA President a bully when he shoved another PM in public and he didn't feel ashamed at all?
https://www.thesun.co.uk/news/3664712/donald-trump-g7-summit-shove-montenegro-prime-minister-latest-news/
Was USA a bully when it installed more military weapons in SK without permission? Doing so was a big disgrace and humiliation to SK.
http://sg-stock.blogspot.sg/2017/05/south-korea-is-no-longer-sovereignty.html
The bottom line is when you are a superpower country, you can just do as you please and everything you do is justifiable. This is the value USA is spreading to the world.
USA accused China of being a bully in South China Sea. What a joke! USA should look at itself first.
Was USA President a bully when he shoved another PM in public and he didn't feel ashamed at all?
https://www.thesun.co.uk/news/3664712/donald-trump-g7-summit-shove-montenegro-prime-minister-latest-news/
Was USA a bully when it installed more military weapons in SK without permission? Doing so was a big disgrace and humiliation to SK.
http://sg-stock.blogspot.sg/2017/05/south-korea-is-no-longer-sovereignty.html
The bottom line is when you are a superpower country, you can just do as you please and everything you do is justifiable. This is the value USA is spreading to the world.
When you are fit, you can do amazing stunts!
South Korea is no longer a sovereignty.
http://en.people.cn/n3/2017/0530/c90000-9221978.html
South Korea is no longer a sovereignty because the USA can install any military system in South Korea without any permission.
What's the use of the investigation when SK dares not do anything to USA? It's just a political show for its citizens to see.
South Korea is no longer a sovereignty because the USA can install any military system in South Korea without any permission.
What's the use of the investigation when SK dares not do anything to USA? It's just a political show for its citizens to see.
Credit Sussie escaped relatively unscathed with just a $0.5m fine out of 1MDB scandal.
https://www.bloomberg.com/gadfly/articles/2017-05-30/singapore-s-puny-1mdb-fine-won-t-fool-credit-suisse?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
Credit Sussie got a light tap on its hand for participating in the 1MDB scandal but our local banks got more fines than foreign banks.
Singapore is indeed an investment-friendly country.
Credit Sussie got a light tap on its hand for participating in the 1MDB scandal but our local banks got more fines than foreign banks.
Singapore is indeed an investment-friendly country.
Monday, May 29, 2017
Thailand to take on Singapore for MRO.
http://www.channelnewsasia.com/news/asiapacific/thailand-plans-us-5-7b-upgrade-of-civil-military-airport-to-take-8891530
Thailand will have no problem raising funds because even if they can't raise enough fund in Canada, they can approach China. China will be very eager to help Thailand so that it can take on SG. We are facing unfriendly neighbours now because we are the only country in ASEAN that is anti-China.
Thailand will have no problem raising funds because even if they can't raise enough fund in Canada, they can approach China. China will be very eager to help Thailand so that it can take on SG. We are facing unfriendly neighbours now because we are the only country in ASEAN that is anti-China.
Germany's Merkel: US and UK are unreliable partners.
https://sg.news.yahoo.com/merkel-warns-us-britain-no-longer-reliable-partners-143042162.html
Hahaha! It took so long for Germany to realize that US & UK are unreliable partners.
Germany is too weak to stand on its own now. Its military prowess is not as strong as before because it lacks fighter planes, tanks and missiles. Germany has to form strategic alliances with other countries to fight against US & UK.
Hahaha! It took so long for Germany to realize that US & UK are unreliable partners.
Germany is too weak to stand on its own now. Its military prowess is not as strong as before because it lacks fighter planes, tanks and missiles. Germany has to form strategic alliances with other countries to fight against US & UK.
Sunday, May 28, 2017
USA is lying again! USA is really a congenital liar!
http://en.people.cn/n3/2017/0528/c90000-9221691.html
USA spy plane was intercepted by 2 China J-10 fighter plane in HK airspace but proclaimed publicly that it was flying in international airspace. What a joke! Everyone has radar now and either side can show its location on radar for the world to see.
It's getting harder to trust USA nowadays.
USA spy plane was intercepted by 2 China J-10 fighter plane in HK airspace but proclaimed publicly that it was flying in international airspace. What a joke! Everyone has radar now and either side can show its location on radar for the world to see.
It's getting harder to trust USA nowadays.
How to determine a baby gender without using ultrasound?
There is an ancient Chinese numerical methodology to calculate a baby gender and it is extremely accurate in the gender prediction but it's not 100% correct. If you calculate the number to be even but the baby is a boy instead, it means the boy has a female personality. Likewise for the odd number but it turns out to be a baby girl, it means the baby girl has a boy personality.
Add the mother's birth giving age first and then the baby's birth month. If the number sum is odd, it is a boy. If the number sum is even, it is a girl.
Example:
Mother birth giving age : 24
Baby's birth month : May
Mother = 2 + 4 = 6
Baby = May = 5
Sum = 6 + 5 = 11, 1 + 1 = 2
Final output is 2 which is even, so the baby is a girl.
Mother birth giving age : 31
Baby's birth month : March
Mother = 3 + 1 = 4
Baby = march = 3
Sum = 4 + 3 = 7
FInal output is 7 which is odd, so the baby is boy.
When an obstetrician is able to tell you your baby birth month, you can predict its gender. Try it and have fun!
Add the mother's birth giving age first and then the baby's birth month. If the number sum is odd, it is a boy. If the number sum is even, it is a girl.
Example:
Mother birth giving age : 24
Baby's birth month : May
Mother = 2 + 4 = 6
Baby = May = 5
Sum = 6 + 5 = 11, 1 + 1 = 2
Final output is 2 which is even, so the baby is a girl.
Mother birth giving age : 31
Baby's birth month : March
Mother = 3 + 1 = 4
Baby = march = 3
Sum = 4 + 3 = 7
FInal output is 7 which is odd, so the baby is boy.
When an obstetrician is able to tell you your baby birth month, you can predict its gender. Try it and have fun!
Saturday, May 27, 2017
Baltic dry index - 912
Today, Friday, May 26 2017, the Baltic Dry Index decreased by 6 points, reaching 912 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 - 908
The number of rigs exploring for oil and natural gas in the U.S. rose by seven this week to 908.
A year ago, 404 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 722 rigs sought oil and 185 explored for natural gas this week. One was listed as miscellaneous.
Colorado added five rigs while Alaska, New Mexico, North Dakota and Oklahoma each gained one.
Texas lost one rig.
Arkansas, California, Kansas, Louisiana, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were all 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.
Singapore government doesn't understand SG-China relationship.
http://www.channelnewsasia.com/news/singapore/don-t-be-rattled-by-tactics-to-exaggerate-news-on-singapore-8887510
This is precisely why SG was taken aback when HK detained our tanks. SG government didn't even think that HK would do that after making so many anti-China remarks. Do you really think that China will take it lightly that we conduct military exercise in South China Sea which is at the doorstep of China? C'mon, Singapore! Please wake up!
This is precisely why SG was taken aback when HK detained our tanks. SG government didn't even think that HK would do that after making so many anti-China remarks. Do you really think that China will take it lightly that we conduct military exercise in South China Sea which is at the doorstep of China? C'mon, Singapore! Please wake up!
Friday, May 26, 2017
China's total debt VS USA's total debt. Don't be fooled by the western media.
The western media like to spread fears about China's debt problem and they do this by quoting China's total debt in their analyses. The western media had been predicting the China collapse for a few years already but China grew stronger economically instead.
Total debt = National debt + Corporation debt.
China's total debt = USD$4.3T (national debt) + USD$25.6T (corporate debt) = USD$30T
China GDP = USD$11T
Total debt to GDP = 270%
Foreign reserve = USD$3T
https://en.wikipedia.org/wiki/National_debt_of_China
USA's total debt = USD$19.85 (national debt) + USD$29T (corporate debt) = USD$49T
USA GDP = USD$18T
Total debt to GDP = 270%
Foreign reserve = USD$116B
However, McKinsey estimated that USA total debt to GDP ratio was at 331%.
https://socioecohistory.wordpress.com/2016/01/29/the-29-trillion-corporate-debt-hangover-that-could-spark-a-recession/
https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves
https://www.bloomberg.com/graphics/2016-china-debt/
The western media like to focus on China's total debt vs USA's national debt when making a comparison between these 2 countries. The actual fact is both countries have similar total debt to GDP ratio. However, most China total debt is locally funded whilst USA total debt is foreign funded. This will make a big difference during any financial crisis as foreign investors will force you for repayments compared to local investors. Furthermore, China has USD$3T in reserves compared to USD$116B in USA and China's economy is growing at twice of USA's. Therefore, China's economy will be bigger than USA's in the future.
http://sg-stock.blogspot.sg/search?q=china+economy+will+be+bigger+than+usa
Total debt = National debt + Corporation debt.
China's total debt = USD$4.3T (national debt) + USD$25.6T (corporate debt) = USD$30T
China GDP = USD$11T
Total debt to GDP = 270%
Foreign reserve = USD$3T
https://en.wikipedia.org/wiki/National_debt_of_China
USA's total debt = USD$19.85 (national debt) + USD$29T (corporate debt) = USD$49T
USA GDP = USD$18T
Total debt to GDP = 270%
Foreign reserve = USD$116B
However, McKinsey estimated that USA total debt to GDP ratio was at 331%.
https://socioecohistory.wordpress.com/2016/01/29/the-29-trillion-corporate-debt-hangover-that-could-spark-a-recession/
https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves
https://www.bloomberg.com/graphics/2016-china-debt/
The western media like to focus on China's total debt vs USA's national debt when making a comparison between these 2 countries. The actual fact is both countries have similar total debt to GDP ratio. However, most China total debt is locally funded whilst USA total debt is foreign funded. This will make a big difference during any financial crisis as foreign investors will force you for repayments compared to local investors. Furthermore, China has USD$3T in reserves compared to USD$116B in USA and China's economy is growing at twice of USA's. Therefore, China's economy will be bigger than USA's in the future.
http://sg-stock.blogspot.sg/search?q=china+economy+will+be+bigger+than+usa
USA doesn't have any qualms at all for killing civilians in middle east.
https://sg.news.yahoo.com/over-100-civilians-killed-mosul-blast-march-u-161116613.html
https://sg.news.yahoo.com/us-led-strikes-kill-35-civilians-east-syria-002816114.html
However, USA is quick to pinpoint on others for killing civilians especially Russia in middle east. In the future, Russia can just copy the justifications given by USA when it kills civilians accidentally in any strikes.
https://sg.news.yahoo.com/us-led-strikes-kill-35-civilians-east-syria-002816114.html
However, USA is quick to pinpoint on others for killing civilians especially Russia in middle east. In the future, Russia can just copy the justifications given by USA when it kills civilians accidentally in any strikes.
How will the reduction in FED 4.5T affect the real economy?
US Fed has USD$4.5T of balance sheet which composes of $2.46T of bonds and $1.77T of mortgage-backed securities (MBS).
As the MBS are mostly longer dated derivatives of at least 10 years, FED won't unwind these MBS in the short run. Therefore, FED will just let the shorter dated bonds expire and won't reinvest the proceeds into the bond market. About 50% of the bonds will expire within the next 5 years which amount to USD$1.2T and this means the money market will have a capital outflow of $1.2T. Furthermore, USA will hike interest rates for the next few years as stated by FED which is tantamount to price hikes in the real economy. The higher interest rates will cause USD to appreciate so that the purchasing power won't be eroded. In other words, inflation can be contained in this way.
To surmise, the reduction in money supply and interest rate increments will cause USD to appreciate in the next few years.
As the MBS are mostly longer dated derivatives of at least 10 years, FED won't unwind these MBS in the short run. Therefore, FED will just let the shorter dated bonds expire and won't reinvest the proceeds into the bond market. About 50% of the bonds will expire within the next 5 years which amount to USD$1.2T and this means the money market will have a capital outflow of $1.2T. Furthermore, USA will hike interest rates for the next few years as stated by FED which is tantamount to price hikes in the real economy. The higher interest rates will cause USD to appreciate so that the purchasing power won't be eroded. In other words, inflation can be contained in this way.
To surmise, the reduction in money supply and interest rate increments will cause USD to appreciate in the next few years.
OMG! Anti-Singapore propaganda is being broadcasted on China media.
No wonder PM Lee was not invited to the one-belt-one-road summit. It is useless for 100% of Singapore (5.3m people) to be anti-China because just 10% of China (140m people) hatred of Singapore will drown us already.
http://timesofindia.indiatimes.com/business/india-business/india-singapore-kick-off-major-naval-exercise-in-south-china-sea/articleshow/58736322.cms
Our government is stupid to conduct a military exercise with India in South China Sea. Can you imagine China conducting a military exercise just at our doorstep? We are really asking for trouble!
Thursday, May 25, 2017
Huat ah! Singapore GDP is growing so well!
https://sg.finance.yahoo.com/news/singapore-posts-smaller-gdp-contraction-000011173.html
Look like this year will be a year of promotions and salary increments for Singaporeans. Well done, Singapore!
Look like this year will be a year of promotions and salary increments for Singaporeans. Well done, Singapore!
China will definitely retaliate against this US incursion. Let's see!
https://sg.news.yahoo.com/us-says-navy-ship-sails-near-south-china-044856326.html
Pacific Commander Harris is really stirring troubles in South China Sea. He deserves to be punished for heightening tension in South China Sea.
Pacific Commander Harris is really stirring troubles in South China Sea. He deserves to be punished for heightening tension in South China Sea.
Moody's downgraded China credit rating for its own interest.
Basically, Moody's wanted to impede the success of China-HK bond trading link as it didn't participate in the US$9.5T China bond market. Moody's downgrade of China maybe for a political reason too.
http://www.cnbc.com/2017/05/17/china-hong-kong-bond-trading-scheme-approved-by-regulators.html
There is no convincing reason to downgrade China credit rating while USA maintains AAA rating.
http://www.reuters.com/article/us-usa-ratings-moody-s-idUSKCN0S11AM20151007
USA has a national debt of USD$19.85T without many foreign reserves.
http://www.usgovernmentdebt.us/
China has a national debt of USD$4.3T and USD$3T foreign reserves.
https://en.wikipedia.org/wiki/National_debt_of_China
USA debt-to-GDP is 106%.
http://marketrealist.com/2017/03/how-big-is-the-us-debt-compared-to-other-nations/
China debt-to-GDP is 41%.
https://en.wikipedia.org/wiki/National_debt_of_China
It looks like only the USA can take on debts but other countries cannot because USA is the only resilient country in the world. Therefore, other countries will collapse if they take on debts because they're not resilient.
Does this make any sense at all?
I hate it when credit rating companies give biased ratings. US credit rating agencies tend to give better ratings for USA companies. Just look at Lehman Brothers credit rating given by Moody's before the big collapse.
http://www.huffingtonpost.com/2009/09/30/credit-rating-agency-anal_n_305587.html
http://www.cnbc.com/2017/05/17/china-hong-kong-bond-trading-scheme-approved-by-regulators.html
There is no convincing reason to downgrade China credit rating while USA maintains AAA rating.
http://www.reuters.com/article/us-usa-ratings-moody-s-idUSKCN0S11AM20151007
USA has a national debt of USD$19.85T without many foreign reserves.
http://www.usgovernmentdebt.us/
China has a national debt of USD$4.3T and USD$3T foreign reserves.
https://en.wikipedia.org/wiki/National_debt_of_China
USA debt-to-GDP is 106%.
http://marketrealist.com/2017/03/how-big-is-the-us-debt-compared-to-other-nations/
China debt-to-GDP is 41%.
https://en.wikipedia.org/wiki/National_debt_of_China
It looks like only the USA can take on debts but other countries cannot because USA is the only resilient country in the world. Therefore, other countries will collapse if they take on debts because they're not resilient.
Does this make any sense at all?
I hate it when credit rating companies give biased ratings. US credit rating agencies tend to give better ratings for USA companies. Just look at Lehman Brothers credit rating given by Moody's before the big collapse.
http://www.huffingtonpost.com/2009/09/30/credit-rating-agency-anal_n_305587.html
Wednesday, May 24, 2017
The truth is out. USA really tried to assassinate North Korea Kim.
http://www.express.co.uk/news/world/807256/North-Korea-Kim-Jong-Un-CIA-South-Korea-assassinate-kill-Nuclear-weapons?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+daily-express-world-news+%28Express+%3A%3A+World+Feed%29
North Korea Kim released evidences about USA & South Korea trying to assassinate him and how NK uncovered the plot.
USA is a great liar and has been fabricating false intelligence for its own interest.
http://sg-stock.blogspot.sg/2017/05/north-korea-kim-accused-cia-of-trying.html
North Korea Kim released evidences about USA & South Korea trying to assassinate him and how NK uncovered the plot.
USA is a great liar and has been fabricating false intelligence for its own interest.
http://sg-stock.blogspot.sg/2017/05/north-korea-kim-accused-cia-of-trying.html
What's the motive for Manchester bombing?
http://www.telegraph.co.uk/news/2017/05/24/manchester-arena-terror-attack-salman-abedi-ariana-grande-victims/
The ulterior motive is to disrupt the June election in UK and it is definitely a terrorist attack. UK has to establish who was behind the bombing. Although ISIS has claimed credit for the attack, the terrorist is believed to be from Al Qaeda cell.
The ulterior motive is to disrupt the June election in UK and it is definitely a terrorist attack. UK has to establish who was behind the bombing. Although ISIS has claimed credit for the attack, the terrorist is believed to be from Al Qaeda cell.
Local brokerage houses have imposed trading restriction on Noble.
This will definitely cause liquidity to dry up and noble will continue on its downward trajectory in the future.
If you look at historical records, any stock will fall after the trading restrictions are imposed by the local brokerage houses.
If you look at historical records, any stock will fall after the trading restrictions are imposed by the local brokerage houses.
PLA General: We must strike back at Singapore!
http://www.theindependent.sg/pla-general-we-must-strike-back-at-singapore/
We knew that anti-Singapore sentiment had taken root in China already in our previous articles.
http://sg-stock.blogspot.sg/2016/10/death-knell-is-bellowing-for-singapore.html
http://sg-stock.blogspot.sg/2016/11/china-gave-singapore-stern-warning-again.html
http://sg-stock.blogspot.sg/2016/11/singapore-image-in-china-is-so-rotten.html
However, to have a China general to speak out so openly is not a simple issue as he must have the blessing of China government.
We need to recognise that China no longer trusts Singapore and we must not do more to antagonize China or we'll suffer a major backlash because USA won't give SG any economic boost when SG-China trading starts to decline.
We knew that anti-Singapore sentiment had taken root in China already in our previous articles.
http://sg-stock.blogspot.sg/2016/10/death-knell-is-bellowing-for-singapore.html
http://sg-stock.blogspot.sg/2016/11/china-gave-singapore-stern-warning-again.html
http://sg-stock.blogspot.sg/2016/11/singapore-image-in-china-is-so-rotten.html
However, to have a China general to speak out so openly is not a simple issue as he must have the blessing of China government.
We need to recognise that China no longer trusts Singapore and we must not do more to antagonize China or we'll suffer a major backlash because USA won't give SG any economic boost when SG-China trading starts to decline.
Energy revolution is coming by 2030.
http://www.globaltimes.cn/content/1047725.shtml
China will start commercial mining of methane hydrates in South China Sea and the gas reserves may last up to 1000 years. Extraction cost is estimated to be only USD$0.087 per cubic metre because no refinery is needed. The crude oil industry will lose a BIG customer soon.
China will start commercial mining of methane hydrates in South China Sea and the gas reserves may last up to 1000 years. Extraction cost is estimated to be only USD$0.087 per cubic metre because no refinery is needed. The crude oil industry will lose a BIG customer soon.
Tuesday, May 23, 2017
China government destroyed CIA spying operations in China.
https://www.nytimes.com/2017/05/20/world/asia/china-cia-spies-espionage.html
I must say that China is very good in anti-spy operation because it manages to thwart illegal and covert spying operations in China.
Therefore, USA cannot accuse China of spying when it also spies on China.
I must say that China is very good in anti-spy operation because it manages to thwart illegal and covert spying operations in China.
Therefore, USA cannot accuse China of spying when it also spies on China.
South Korea has been at the losing end because of THAAD.
https://sg.news.yahoo.com/korea-tourist-numbers-hammered-china-boycott-043412578--finance.html
China and Japanese tourists have cut back their travelling plans to South Korea.
This shows that THAAD is not good for economic growth. Let's see whether SK will change its mind on THAAD.
China and Japanese tourists have cut back their travelling plans to South Korea.
This shows that THAAD is not good for economic growth. Let's see whether SK will change its mind on THAAD.
Noble is in serious financial trouble - Part 2
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
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
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.
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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.
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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.
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