Friday, August 4, 2017
Watch out for DBS's 2nd half earnings report.
http://www.businesstimes.com.sg/companies-markets/dbs-sees-more-provisions-ahead-in-oil-and-gas-portfolio
DBS is obviously not providing enough provision for its exposure to the oil and gas industry. This Indian CEO said the worst was over in Feb 2017. If the worst was already over, why would there be a need for more provision than previous guidance?
http://sg-stock.blogspot.sg/2017/02/will-ezra-affect-dbs-like-swiber-did.html
We were skeptical about its under provision because DBS was not forthcoming with its exposure to Ezra.
DBS is obviously not providing enough provision for its exposure to the oil and gas industry. This Indian CEO said the worst was over in Feb 2017. If the worst was already over, why would there be a need for more provision than previous guidance?
http://sg-stock.blogspot.sg/2017/02/will-ezra-affect-dbs-like-swiber-did.html
We were skeptical about its under provision because DBS was not forthcoming with its exposure to Ezra.
Wow! China is exporting its electricity!
http://www.reuters.com/article/us-myanmar-china-energy-idUSKBN1AK011
Besides exporting its technologies, China is also exporting its electricity to ASEAN. This will at least help some developing countries in meeting their energy needs before they can be self-sufficient by building more power stations.
Besides exporting its technologies, China is also exporting its electricity to ASEAN. This will at least help some developing countries in meeting their energy needs before they can be self-sufficient by building more power stations.
Climate change will decimate India more than anything else.
http://www.aljazeera.com/news/2017/08/south-asia-hot-live-2100-170803041954544.html
India should get its priority right. Climate change will decimate its country and economy more than anything else. India, take my advice and stop invading your neighbours.
India will have a big problem feeding its huge population because its land size is only 1/3 of China. Crops can't grow on parched lands and many parts of India don't have access to potable water. All these problems are of paramount importance to India right now. Time is running out for India!
India should get its priority right. Climate change will decimate its country and economy more than anything else. India, take my advice and stop invading your neighbours.
India will have a big problem feeding its huge population because its land size is only 1/3 of China. Crops can't grow on parched lands and many parts of India don't have access to potable water. All these problems are of paramount importance to India right now. Time is running out for India!
Are you pissed when your government treats you like this?
https://sg.news.yahoo.com/macpherson-rc-apologises-charging-new-citizens-less-community-event-010058507.html
Singapore bred citizens have to pay more than newly converted citizens!
What's next? Singapore bred citizens have to accept lower salaries than newly converted citizens?
Singapore bred citizens have to pay more than newly converted citizens!
What's next? Singapore bred citizens have to accept lower salaries than newly converted citizens?
Wow! Malaysia will have autonomous trains soon!
http://en.people.cn/business/n3/2017/0804/c90778-9250826.html
China is exporting its high technologies to other countries now. Malaysia will have autonomous trains soon and also learn the technology from China.
This is one of the benefits of being China-friendly. Malaysia will overtake Singapore in the future because of China.
China is exporting its high technologies to other countries now. Malaysia will have autonomous trains soon and also learn the technology from China.
This is one of the benefits of being China-friendly. Malaysia will overtake Singapore in the future because of China.
SIA is facing headwinds now!
http://www.todayonline.com/business/sia-introduces-voluntary-no-pay-leave-cabin-crew
Look like economic downturn is coming soon!
SIA is asking its staffs to take no-pay leaves due to an oversupply of manpower. Why? This means that SIA is not getting enough passengers on board its planes which don't require a lot of working staffs. Why are there fewer passengers? Is SIA losing passengers to other airliners or economic downturn is causing passengers to travel lesser? Maybe businesses are turning to web conferences for business meetings and negotiations.
This is something to ponder about seriously.
Look like economic downturn is coming soon!
SIA is asking its staffs to take no-pay leaves due to an oversupply of manpower. Why? This means that SIA is not getting enough passengers on board its planes which don't require a lot of working staffs. Why are there fewer passengers? Is SIA losing passengers to other airliners or economic downturn is causing passengers to travel lesser? Maybe businesses are turning to web conferences for business meetings and negotiations.
This is something to ponder about seriously.
Who is the richest man in the world? Nope, it's not Bill Gates.
https://www.cnbc.com/2017/07/31/financier-bill-browder-says-vladimir-putin-is-worth-200-billion.html
The richest man in the world is Putin (Russia President). He is estimated to be worth USD$200B.
Wow!
The richest man in the world is Putin (Russia President). He is estimated to be worth USD$200B.
Wow!
Thursday, August 3, 2017
Iceberg's full report on Noble Group!
https://iceberg-research.com/2017/08/03/noble-group-is-sinking-this-saga-reveals-the-complete-failure-of-the-regulators-in-singapore/
We are also worried about the sustainability of Noble because of its negative cash flow after selling its golden goose assets. Like we said before, Noble's white knight can pull out after getting privy information and fully understand the situation better than ordinary retail investors.
We are also worried about the sustainability of Noble because of its negative cash flow after selling its golden goose assets. Like we said before, Noble's white knight can pull out after getting privy information and fully understand the situation better than ordinary retail investors.
Our local residents committed abduction!
https://sg.news.yahoo.com/two-myanmar-men-trial-attempting-abduct-compatriot-pasir-ris-carpark-112316332.html
Singapore PRs are considered locals by our government.
Indeed, Singaporeans commit more crimes than foreigners as stated by our PM.
Singapore PRs are considered locals by our government.
Indeed, Singaporeans commit more crimes than foreigners as stated by our PM.
China has the best AI now!
http://en.people.cn/n3/2017/0802/c90000-9250209.html
China AI tops Stanford's reading comprehension ranking.
It's an amazing accomplishment because it shows rapid evolution in China's technology.
China AI tops Stanford's reading comprehension ranking.
It's an amazing accomplishment because it shows rapid evolution in China's technology.
Ghost moved ladder in Singapore Changi Terminal 4!
It seems that our readers love to watch ghost video and we've decided to put up another one.
Something weird was happening in Singapore Changi Terminal 4 during construction.
Wednesday, August 2, 2017
President Duterte has killed another mayor and his wife for drug dealings.
http://www.npr.org/2017/07/30/540408626/police-raid-in-philippines-kills-mayor-who-president-had-named-as-drug-suspect
Wow! This president hates drugs to the core. He won't tolerate drug in his parliament. The Ozamis mayor and his family were reported to be involved in drug dealings. The mayor and wife were killed because they resisted police arrest with guns and grenades.
This is the 3rd mayor who was killed in Duterte's drug campaign.
Wow! This president hates drugs to the core. He won't tolerate drug in his parliament. The Ozamis mayor and his family were reported to be involved in drug dealings. The mayor and wife were killed because they resisted police arrest with guns and grenades.
This is the 3rd mayor who was killed in Duterte's drug campaign.
China has presented the factsheet about China-India border. India is speechless now.
http://www.deccanchronicle.com/world/neighbours/020817/withdraw-troops-from-doklam-with-no-strings-attached-china-tells-india.html
India will be speechless now about its incursion into China's territory. I think China wants to set the record straight before embarking on military action as snow will fall in September. China has not much time left to chase Indian troops out of China's territory. August will be the only month suitable for such a military action.
India will be speechless now about its incursion into China's territory. I think China wants to set the record straight before embarking on military action as snow will fall in September. China has not much time left to chase Indian troops out of China's territory. August will be the only month suitable for such a military action.
Yale economic professor and nobel laureate Robert Shiller gave a warning about stock market.
https://www.cnbc.com/2017/07/26/the-market-risk-that-makes-nobel-laureate-robert-shiller-lie-awake.html
The stock market is in a dicey conundrum whereby the PE ratio is high and the volatility is low. His CAPE (Shiller PE Ratio) predicts that the stock market will crash big time whenever it is high. The CAPE is above 30 now and the big crashes are all above 30.
The stock market is in a dicey conundrum whereby the PE ratio is high and the volatility is low. His CAPE (Shiller PE Ratio) predicts that the stock market will crash big time whenever it is high. The CAPE is above 30 now and the big crashes are all above 30.
Tuesday, August 1, 2017
Noble is raising cash just for debt repayments.
https://finance.yahoo.com/news/embattled-trader-noble-group-pays-40-million-bond-052002693--finance.html?_fsig=_SX2GCnSxkXKplqyrZ2A5w--
When a company is raising funds by selling its assets just for the purpose of debt repayments, we know this company is no longer viable because its business model is not generating positive cash flow to sustain its own operational and financial needs.
Cash flow is the most important thing in a sustainable business!
When a company is raising funds by selling its assets just for the purpose of debt repayments, we know this company is no longer viable because its business model is not generating positive cash flow to sustain its own operational and financial needs.
Cash flow is the most important thing in a sustainable business!
The impact of USD falling is already being felt in the oil market.
https://sg-stock.blogspot.sg/2017/07/do-you-notice-that-usd-has-been-falling.html
We can see the correlation between these 2 charts (USD vs Oil price). USD and Oil price have an inverse relationship.
Death knell for virtual currency is bellowing!
https://www.reuters.com/article/us-bitcoin-split-idUSKBN1AG2MF
We will never support virtual currency because it is a flawed concept. Many people just don't understand the concept of money and think that money can be created through technology. Money was not created in the past through technology and it also couldn't be created through technology in the future.
The so-called bitcoin split will cause huge damage to virtual currency because anybody can just do a blockchain split to create free money. Bitcoin miners don't want any blockchain split because it will undermine bitcoins. Bitcoin developers want to create free money out of nothing but don't allow others to use the open source technology to do bitcoin splits to get free money.
Today, we'll have bitcoin and bitcoin cash. In the near future, we'll have bitcoin dollar, bitcoin note, etc. As these developments progress, people will lose confidence in virtual currencies because there are no regulations for these splitting developments. To prevent the loss of confidence, people will start to demand for regulations to protect their investments. Therefore, we'll be back to square one where the same group of people doesn't want regulations in the first place.
We will never support virtual currency because it is a flawed concept. Many people just don't understand the concept of money and think that money can be created through technology. Money was not created in the past through technology and it also couldn't be created through technology in the future.
The so-called bitcoin split will cause huge damage to virtual currency because anybody can just do a blockchain split to create free money. Bitcoin miners don't want any blockchain split because it will undermine bitcoins. Bitcoin developers want to create free money out of nothing but don't allow others to use the open source technology to do bitcoin splits to get free money.
Today, we'll have bitcoin and bitcoin cash. In the near future, we'll have bitcoin dollar, bitcoin note, etc. As these developments progress, people will lose confidence in virtual currencies because there are no regulations for these splitting developments. To prevent the loss of confidence, people will start to demand for regulations to protect their investments. Therefore, we'll be back to square one where the same group of people doesn't want regulations in the first place.
2 armed robberies in Singapore in 2 days recently!
https://sg.news.yahoo.com/armed-robbery-reported-ubi-ave-1-singapore-police-force-042229175.html
https://sg.news.yahoo.com/man-arrested-armed-robbery-upper-bukit-timah-road-petrol-station-report-112543223.html
What is happening to Singapore?
We've a Canadian robbing our standard chartered bank. Now, we've 2 armed robberies yesterday and today!
Singapore is no longer as safe as thought. Singapore has to deal with terrorism and armed robberies now.
https://sg.news.yahoo.com/man-arrested-armed-robbery-upper-bukit-timah-road-petrol-station-report-112543223.html
What is happening to Singapore?
We've a Canadian robbing our standard chartered bank. Now, we've 2 armed robberies yesterday and today!
Singapore is no longer as safe as thought. Singapore has to deal with terrorism and armed robberies now.
Monday, July 31, 2017
Indecent act in public - SMRT.
Please do not do this in our MRT!
Taiwan is flooding again!
This "ponding" is what our minister would describe the situation.
Sunday, July 30, 2017
China may attack India in August if India doesn't withdraw its troops.
Time is running out for China and India!
Why?
This is because the temperature will turn cold in September and it is not conducive to fight in such a cold climate at high altitude. Therefore, China will want to resolve this border skirmish in August because it is a disadvantage to start a war in September.
India must retreat in August or face a losing war. India cannot occupy its neighbour's territory and demand for a diplomatic discussion to resolve the issue or request both sides to retreat. Where does India want China's troops to retreat to when China's troops are already in China's territory?
This is precisely why China refused to have a diplomatic talk with India because of India's incursion. India had miscalculated and misjudged this incursion. India will pay a super high price for such an incursion before China's 19th party congress. Don't think that China won't start a war before 19th party congress!
Why?
This is because the temperature will turn cold in September and it is not conducive to fight in such a cold climate at high altitude. Therefore, China will want to resolve this border skirmish in August because it is a disadvantage to start a war in September.
India must retreat in August or face a losing war. India cannot occupy its neighbour's territory and demand for a diplomatic discussion to resolve the issue or request both sides to retreat. Where does India want China's troops to retreat to when China's troops are already in China's territory?
This is precisely why China refused to have a diplomatic talk with India because of India's incursion. India had miscalculated and misjudged this incursion. India will pay a super high price for such an incursion before China's 19th party congress. Don't think that China won't start a war before 19th party congress!
Flooding in Germany and UK. Petrol and diesel cars will be ban by 2030.
This is what will happen when we've global warming.
Germany wants EU to ban petrol and diesel cars by 2030.
http://www.dailymail.co.uk/news/article-3834674/Germany-s-federal-council-Bundesrat-pushes-force-EU-BAN-petrol-diesel-vehicles-2030.html
The UK will ban petrol and diesel cars by 2040.
http://www.telegraph.co.uk/news/2017/07/25/new-diesel-petrol-cars-banned-uk-roads-2040-government-unveils/
The carbon emission will be greatly reduced in the future. If China and USA follow suit, crude oil prices will collapse as nobody will use crude oil in the future.
Saturday, July 29, 2017
Ghosts alighting from a ghost plane in Phuket airport every night.
You can see that there's ghosts rushing to the custom from the boarding bridge but without the plane beside it.
Astronaut captured UFO in her live telecast accidentally.
Japan defence minister resigned because she destroyed internal records for Japan-UN mission.
https://www.theguardian.com/world/2017/jul/27/tomomi-inada-japanese-defence-minister-resign-south-sudan
This is not surprising because Japanese government will destroy and whitewash anything that the government doesn't like.
Japanese government insisted in the UN mission continuation despite its own law didn't allow it and this led to her to destroy the internal record.
She was unlucky that someone found the internal record on a computer that she claimed was discarded.
This is not surprising because Japanese government will destroy and whitewash anything that the government doesn't like.
Japanese government insisted in the UN mission continuation despite its own law didn't allow it and this led to her to destroy the internal record.
She was unlucky that someone found the internal record on a computer that she claimed was discarded.
Baltic dry index - 933
Today, Friday, July 28 2017, the Baltic Dry Index decreased by 9 points, reaching 933 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 - 958
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 958.
A year ago, just 463 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 766 rigs sought oil and 192 explored for natural gas this week.
Among major oil- and gas-producing states, New Mexico gained four rigs, Oklahoma increased by three and Louisiana, Ohio, West Virginia and Wyoming each gained one.
Texas declined by one rig.
Alaska, Arkansas, California, Colorado, North Dakota, Pennsylvania and Utah were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, July 28, 2017
Russia is expelling a lot of USA embassy staffs in Russia.
https://sg.news.yahoo.com/russia-orders-us-cut-diplomatic-staff-says-seize-093237700.html
The fight is on. The USA imposed a new sanction against Russia and Russia expelled the USA embassy staffs.
Tit-For-Tat is nothing new but Russia is able to take on the USA because China is supporting Russia's economy by buying oil and gas in RMB.
The fight is on. The USA imposed a new sanction against Russia and Russia expelled the USA embassy staffs.
Tit-For-Tat is nothing new but Russia is able to take on the USA because China is supporting Russia's economy by buying oil and gas in RMB.
Russia will station in Syria permanently now.
https://sg.news.yahoo.com/putin-signs-syria-deal-cementing-russias-presence-half-113942368.html
The USA has no control over Syria now because Russia will be in Syria for a long time. It won't be easy to overthrow Assad now and the USA has to accept that Assad will be at the helm of Syria for a much longer time than expected.
The USA has no control over Syria now because Russia will be in Syria for a long time. It won't be easy to overthrow Assad now and the USA has to accept that Assad will be at the helm of Syria for a much longer time than expected.
SGX praised ex-ceo Magnus Bocker but omitted the petition against him.
http://www.businesstimes.com.sg/companies-markets/bocker-was-a-driving-force-for-change-sgx
https://www.ipetitions.com/petition/petition-to-remove-magnus-bocker-as-the-ceo-of-sgx
SGX should just keep its mouth shut. The truth was Magnus Bocker had a disgraceful departure from SGX but SGX still wanted to honour him. His passing on won't wipe out his disgraceful departure.
We can forgive but we cannot forget.
https://www.ipetitions.com/petition/petition-to-remove-magnus-bocker-as-the-ceo-of-sgx
SGX should just keep its mouth shut. The truth was Magnus Bocker had a disgraceful departure from SGX but SGX still wanted to honour him. His passing on won't wipe out his disgraceful departure.
We can forgive but we cannot forget.
A fruitless gold shop robbery in Malaysia! Robbers left in frustration!
USA is creating false intelligence against North Korea again.
https://sg.news.yahoo.com/u-general-north-korea-icbm-threat-advancing-faster-203432119.html
Yes, the USA is doing it again.
China is just sitting right beside NK but China is not afraid of any missile attack from NK. The USA is so far away but is constantly afraid of NK's threats.
The USA has THAAD systems on its homefront and also in the overseas military ground.
So tell us honestly, what are you really afraid of, USA?
Yes, the USA is doing it again.
China is just sitting right beside NK but China is not afraid of any missile attack from NK. The USA is so far away but is constantly afraid of NK's threats.
The USA has THAAD systems on its homefront and also in the overseas military ground.
So tell us honestly, what are you really afraid of, USA?
Singapore elected president status is sealed. Let's not waste time on it anymore.
https://sg.news.yahoo.com/tan-cheng-bock-no-objection-chief-justice-hearing-appeal-case-reserved-presidential-election-131154386.html
Tan Cheng Bock is fighting the war alone and we know he will lose for sure because the EP status is already sealed.
Why fight this war when the majority of Singaporeans don't care at all? Our poll shows that Singaporeans know who's our first elected president but we don't dare to tell our AG that. AG's declaration is definitely against our common consensus that an elected president must win in an open election with a majority vote count. Instead, our AG has created a new definition that an elected president can be an appointed president who has exercised an elected president's power.
Let's just revert back to the appointed president system so that we can save our time and effort to vote for a reserved elected president as such a president won't command the same respect as an openly elected president.
Tan Cheng Bock is fighting the war alone and we know he will lose for sure because the EP status is already sealed.
Why fight this war when the majority of Singaporeans don't care at all? Our poll shows that Singaporeans know who's our first elected president but we don't dare to tell our AG that. AG's declaration is definitely against our common consensus that an elected president must win in an open election with a majority vote count. Instead, our AG has created a new definition that an elected president can be an appointed president who has exercised an elected president's power.
Let's just revert back to the appointed president system so that we can save our time and effort to vote for a reserved elected president as such a president won't command the same respect as an openly elected president.
South China Sea won't be peaceful anymore!
https://sg.news.yahoo.com/britain-plans-send-warship-south-china-sea-move-002530690.html
The UK wants to join in the "fun" now.
The western countries are never part of Asia but they want to control Asia in the name of FON (freedom of navigation). They cannot cite a single case of China stopping any commercial ship sailing in South China Sea but will carry on with their smearing and fearmongering campaigns against China.
I think China should change its strategy of not forming a strategic alliance like NATO because it is very difficult to fight alone. An APTO (asia pacific treaty organization) is definitely welcome in Asia to stop the western countries from meddling with or controlling Asia.
We also need AMF (Asia monetary fund) to handle any financial crisis in Asia because IMF is too prejudiced. Even though IMF has indicated that it will move its HQ to Beijing in the future, we must always be on our guard because IMF places more stringent requirements on Asia countries than western countries. Just look at how the IMF treated Thailand and Indonesia during the asia financial crisis. Now, look at how IMF treats EU especially Greece.
https://www.rt.com/business/397424-imf-move-beijing-decade-lagarde/
The UK wants to join in the "fun" now.
The western countries are never part of Asia but they want to control Asia in the name of FON (freedom of navigation). They cannot cite a single case of China stopping any commercial ship sailing in South China Sea but will carry on with their smearing and fearmongering campaigns against China.
I think China should change its strategy of not forming a strategic alliance like NATO because it is very difficult to fight alone. An APTO (asia pacific treaty organization) is definitely welcome in Asia to stop the western countries from meddling with or controlling Asia.
We also need AMF (Asia monetary fund) to handle any financial crisis in Asia because IMF is too prejudiced. Even though IMF has indicated that it will move its HQ to Beijing in the future, we must always be on our guard because IMF places more stringent requirements on Asia countries than western countries. Just look at how the IMF treated Thailand and Indonesia during the asia financial crisis. Now, look at how IMF treats EU especially Greece.
https://www.rt.com/business/397424-imf-move-beijing-decade-lagarde/
Thursday, July 27, 2017
FED doesn't raise rate in July but may start QE tapering in September.
How will QE tapering affect the market?
QE tapering is reducing its bond purchases or rollovers (reinvestment of its bond proceeds upon maturing) on a monthly basis.
As bond price and yield are inversely related and demand affects the bond price, the yield will stay low when the bond price is high. When there is lesser demand for the bond, the bond price will fall and the yield will go up. This is almost the same as hiking interest rate without literally hiking rate.
Hiking rate literally will affect currency movement and short term rate but QE tapering will only affect long term rate and is more neutral for the currency and stock market.
On the whole, the interest rate will still go up albeit slowly.
QE tapering is reducing its bond purchases or rollovers (reinvestment of its bond proceeds upon maturing) on a monthly basis.
As bond price and yield are inversely related and demand affects the bond price, the yield will stay low when the bond price is high. When there is lesser demand for the bond, the bond price will fall and the yield will go up. This is almost the same as hiking interest rate without literally hiking rate.
Hiking rate literally will affect currency movement and short term rate but QE tapering will only affect long term rate and is more neutral for the currency and stock market.
On the whole, the interest rate will still go up albeit slowly.
Noble Group plunges heavily today after profit warning and asset sales.
https://sg-stock.blogspot.sg/2017/07/whats-left-for-noble-group-after.html
https://sg-stock.blogspot.sg/2017/07/noble-group-update.html
We did warn about Noble Group on a few occasions. It is not surprising that its P&L won't look good because it had sold off its golden goose.
Don't think that a company can be saved whenever a white knight appears. Sometimes, the white knight is also ignorant about the company and the industry. The white knight is financially strong enough to pull the plug but an ordinary retail investor can wipe out his life saving.
https://sg-stock.blogspot.sg/2017/07/noble-group-update.html
We did warn about Noble Group on a few occasions. It is not surprising that its P&L won't look good because it had sold off its golden goose.
Don't think that a company can be saved whenever a white knight appears. Sometimes, the white knight is also ignorant about the company and the industry. The white knight is financially strong enough to pull the plug but an ordinary retail investor can wipe out his life saving.
China has taken over a Sri Lanka port.
http://en.people.cn/n3/2017/0726/c90000-9246810.html
China has been buying up ports over the world and also set up a port alliance for its BRI (Belt Road Initiative). This will greatly reduce Singapore strategic importance that the USA values because the USA can contain China shipments by sealing the Strait of Malacca from Singapore.
China has been buying up ports over the world and also set up a port alliance for its BRI (Belt Road Initiative). This will greatly reduce Singapore strategic importance that the USA values because the USA can contain China shipments by sealing the Strait of Malacca from Singapore.
Wednesday, July 26, 2017
Stockbank blog has just received a top 75 Singapore investment blog award.
We've been informed by Feedspot that we've been awarded a top 75 Singapore investment blog award.
We will strive to continue to provide articles that are of interest to our readers.
Our top 3 readers come from Singapore, USA and Russia.
Yes, Russians like to read our blog and we don't know why. We are surprised that Malaysians are not in our top 5.
Nonetheless, we are happy to receive our first award. Thank you for your support.
What's left for Noble Group after selling income generating businesses?
https://sg.finance.yahoo.com/news/noble-group-said-seek-buyers-085506625.html
This is really getting worrisome as Noble sells off its income generating businesses. Noble will be left with negative cashflow assets that nobody wants.
Sigh!
This is really getting worrisome as Noble sells off its income generating businesses. Noble will be left with negative cashflow assets that nobody wants.
Sigh!
Flooding in China.
Quantum communication can be operational 24 hours soon.
http://en.people.cn/n3/2017/0726/c202936-9246537.html
Way to go, China!
China is really becoming a high technological country now with excellent achievement in quantum technology.
Way to go, China!
China is really becoming a high technological country now with excellent achievement in quantum technology.
India fired at Pakistan again!
http://www.kashmirvision.in/news/pakistan-summons-indian-envoy-over-border-tensions
India is stirring troubles for its neighbour again. The China-India border skirmish is not settled yet and India is attacking Pakistan again.
Sigh! This India is such a bully and must be taught a lesson!
Tuesday, July 25, 2017
AFP news agency is still recalcitrant about correcting its false reporting.
http://www.channelnewsasia.com/news/world/china-urges-asean-to-reject-outside-interference-9062252
The whole world already knew that PCA was not a true international court and it was not part of the UN or backed by UN. However, AFP news agency still insists that PCA is UN-backed till today even when UN has declared that PCA is not related to UN.
We had some postings about PCA before.
http://sg-stock.blogspot.sg/2016/07/icj-has-declared-that-it-is-not.html
http://sg-stock.blogspot.sg/2016/07/un-has-publicly-declared-that-pca-is.html
http://sg-stock.blogspot.sg/2016/07/the-truth-about-south-china-sea-ruling.html
The whole world already knew that PCA was not a true international court and it was not part of the UN or backed by UN. However, AFP news agency still insists that PCA is UN-backed till today even when UN has declared that PCA is not related to UN.
We had some postings about PCA before.
http://sg-stock.blogspot.sg/2016/07/icj-has-declared-that-it-is-not.html
http://sg-stock.blogspot.sg/2016/07/un-has-publicly-declared-that-pca-is.html
http://sg-stock.blogspot.sg/2016/07/the-truth-about-south-china-sea-ruling.html
China has given India its harshest warning!
http://www.scmp.com/news/china/diplomacy-defence/article/2103864/chinas-defence-spokesman-warns-india-not-take-any
China had recently conducted live firing exercise for 11 hours on 5000m higher Tibet plateau in preparation for a war with India. This live firing exercise was to demonstrate that its military equipment and weapons could operate well in a high altitude environment and its military personnel could function properly without any sickness.
China has carefully selected a certain race to be stationed in a high altitude area. This group of people possess a special DNA that can function very well in a low oxygen environment. You will know what I'm saying when you've been to a high altitude area.
A war break out between China and India is highly probable if India doesn't withdraw its troops from China's border soon. China is losing its impatience because President Xi must resolve this before the 19th party congress.
China had recently conducted live firing exercise for 11 hours on 5000m higher Tibet plateau in preparation for a war with India. This live firing exercise was to demonstrate that its military equipment and weapons could operate well in a high altitude environment and its military personnel could function properly without any sickness.
China has carefully selected a certain race to be stationed in a high altitude area. This group of people possess a special DNA that can function very well in a low oxygen environment. You will know what I'm saying when you've been to a high altitude area.
A war break out between China and India is highly probable if India doesn't withdraw its troops from China's border soon. China is losing its impatience because President Xi must resolve this before the 19th party congress.
Australian foreign minister showed her ignorance of China-India border skirmish.
http://en.people.cn/n3/2017/0724/c90883-9245817.html
Quote:
Australian Foreign Minister Julie Bishop reportedly said, "My understanding is that this is a long-term dispute ... Australia's position is that territorial disputes should be resolved peacefully between the claimant countries."
"It is right to say that territorial disputes should be resolved peacefully, but I must point out that such a saying is not applied to the situation in Doklam because there has been no territorial dispute at all at the site where the incident takes place," spokesperson Lu Kang said.
End Quote.
When you don't understand something, it's best to keep your mouth shut! Maybe Australia is trying to embark on a smearing campaign too. However, India had already acknowledged that it intruded China's border territory to stop the infrastructure development.
Australia has proven itself to be a less trustworthy country again. Why?
Australia supported PCA ruling against China but openly ignored PCA against itself.
Monday, July 24, 2017
India must do a reality check or else it will suffer tremendously.
https://sg.news.yahoo.com/china-warns-india-not-harbour-illusions-border-stand-042140857.html
It is without a doubt that the border skirmish is in favour of China because India encroached on China's territory.
UN security council resolution states that any country can embark on military action against any incursion. Therefore, China has been very restrained in dealing with India by not invoking military action against this incursion.
India was badly defeated in 1962 for invading China's border when both countries' powers were not significantly apart. However, China's economic size and military power have progressed tremendously and the 2 countries are widely apart now. India's land size is only 1/3 of China and its economy is about 20% of China's economy.
Therefore, India will suffer a humiliating defeat which is worse than 1962 when both countries go to war and both countries will not use any nuclear weapon for this war.
It is without a doubt that the border skirmish is in favour of China because India encroached on China's territory.
UN security council resolution states that any country can embark on military action against any incursion. Therefore, China has been very restrained in dealing with India by not invoking military action against this incursion.
India was badly defeated in 1962 for invading China's border when both countries' powers were not significantly apart. However, China's economic size and military power have progressed tremendously and the 2 countries are widely apart now. India's land size is only 1/3 of China and its economy is about 20% of China's economy.
Therefore, India will suffer a humiliating defeat which is worse than 1962 when both countries go to war and both countries will not use any nuclear weapon for this war.
Smearing campaign against China by BBC.
http://www.bbc.com/news/world-asia-40701121
BBC is following CNN in fake news productions by stating that Vietnam stopped its oil drilling after China's threat.
Let's look at BBC recent reporting.
BBC reported false news about China-India border skirmishes when it stated that China was the first to remind India that China was not the China of 1962.
http://www.bbc.com/news/world-asia-40478813
http://www.bbc.com/news/world-asia-india-40653053
The true fact was India was the first to remind China that India was no longer the 1962 India. Subsequently, China retorted by stating that China was also not the 1962 China. BBC omitted the timelines of the statements to create a false impression in its reporting.
Let's look at the timeline reporting below.
http://timesofindia.indiatimes.com/india/not-the-1962-india-anymore-jaitleys-response-to-china/articleshow/59387725.cms
http://www.huffingtonpost.in/2017/06/30/india-of-2017-is-different-from-the-india-of-1962-arun-jaitley_a_23009944/
India Arun was the first to state that India was no longer the 1962 India on 30 June 2017.
http://www.ndtv.com/india-news/china-retaliates-to-arun-jaitley-saying-this-is-not-the-india-of-1962-war-1719900
Then, China retorted on 3 July 2017 by stating China was also not the 1962 China.
However, BBC chose to omit the timelines in its prejudiced reporting and accused China of threatening India. Shame on you, BBC!
BBC is following CNN in fake news productions by stating that Vietnam stopped its oil drilling after China's threat.
Let's look at BBC recent reporting.
BBC reported false news about China-India border skirmishes when it stated that China was the first to remind India that China was not the China of 1962.
http://www.bbc.com/news/world-asia-40478813
http://www.bbc.com/news/world-asia-india-40653053
The true fact was India was the first to remind China that India was no longer the 1962 India. Subsequently, China retorted by stating that China was also not the 1962 China. BBC omitted the timelines of the statements to create a false impression in its reporting.
Let's look at the timeline reporting below.
http://timesofindia.indiatimes.com/india/not-the-1962-india-anymore-jaitleys-response-to-china/articleshow/59387725.cms
http://www.huffingtonpost.in/2017/06/30/india-of-2017-is-different-from-the-india-of-1962-arun-jaitley_a_23009944/
India Arun was the first to state that India was no longer the 1962 India on 30 June 2017.
http://www.ndtv.com/india-news/china-retaliates-to-arun-jaitley-saying-this-is-not-the-india-of-1962-war-1719900
Then, China retorted on 3 July 2017 by stating China was also not the 1962 China.
However, BBC chose to omit the timelines in its prejudiced reporting and accused China of threatening India. Shame on you, BBC!
Sunday, July 23, 2017
US Navy was at fault for the container collision.
http://www.independent.co.uk/news/world/americas/uss-fitzgerald-crash-7-american-sailors-killed-navys-own-fault-philippines-cargo-vessel-a7852681.html
We had already stated clearly that the US destroyer was at fault because it didn't observe international maritime laws. CNN had just released its investigation outcome.
http://sg-stock.blogspot.sg/2017/06/usa-destroyer-collision-was-due-to.html
We had already stated clearly that the US destroyer was at fault because it didn't observe international maritime laws. CNN had just released its investigation outcome.
http://sg-stock.blogspot.sg/2017/06/usa-destroyer-collision-was-due-to.html
Saturday, July 22, 2017
Baltic dry index - 977
Today, Friday, July 21 2017, the Baltic Dry Index climbed by 13 points, reaching 977 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 - 950
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by two this week to 950.
A year ago, just 462 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 764 rigs sought oil and 186 explored for natural gas this week.
Among major oil- and gas-producing states, Louisiana gained four rigs, California increased by two and North Dakota and Utah each gained one.
Oklahoma and Texas each declined by three, New Mexico fell by two and Alaska decreased by one.
Arkansas, Colorado, Ohio, Pennsylvania, 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
USA is forcing China to take Taiwan by force.
http://www.chinapost.com.tw/taiwan/national/national-news/2017/07/13/499383/aits-chairman.htm
The USA mooted the idea of performing navy port of call in Taiwan and passed a provision last month. Thereafter, the USA upped its ante by trying to make it a legislation for its navy to establish the port of call in Taiwan.
http://timesofindia.indiatimes.com/world/china/china-slams-us-defence-bill-over-taiwan-provision/articleshow/59633295.cms
This is against the one China policy and anti secession law in China. If China doesn't invoke its anti secession law after USA port of call in Taiwan, the Chinese won't trust the communist party anymore. Therefore, China has to take Taiwan by force to satisfy its nationalistic sentiment.
I don't understand how the USA congress can have the power to intrude and contravene another sovereignty. If this practice is allowed in the international arena, any country can do the same and China can also pass a legislation in its parliament to violate the sovereign of USA. Even ICJ which is under UN cannot accept and rule on any case that will violate another sovereignty.
The USA mooted the idea of performing navy port of call in Taiwan and passed a provision last month. Thereafter, the USA upped its ante by trying to make it a legislation for its navy to establish the port of call in Taiwan.
http://timesofindia.indiatimes.com/world/china/china-slams-us-defence-bill-over-taiwan-provision/articleshow/59633295.cms
This is against the one China policy and anti secession law in China. If China doesn't invoke its anti secession law after USA port of call in Taiwan, the Chinese won't trust the communist party anymore. Therefore, China has to take Taiwan by force to satisfy its nationalistic sentiment.
I don't understand how the USA congress can have the power to intrude and contravene another sovereignty. If this practice is allowed in the international arena, any country can do the same and China can also pass a legislation in its parliament to violate the sovereign of USA. Even ICJ which is under UN cannot accept and rule on any case that will violate another sovereignty.
Friday, July 21, 2017
Hail storm killed goats in Spain.
http://www.dailymail.co.uk/news/article-4706398/Hail-stone-storm-Spain-killed-sheep-wrecked-cars.html
Freak weather caused by global warming. Sigh!
Failure of the North & South Korea talk, Why?
https://sg.news.yahoo.com/no-korean-military-talks-north-snubs-souths-call-011540288.html
The NK snubbed the SK because NK knew that SK couldn't decide on any terms and conditions since SK was no longer a sovereignty in the eyes of the NK.
Why did I say so?
Well, this is so easy to see. If NK is willing to stop its nuclear development in exchange for the removal of THAAD and US troops in SK, is SK able to make that decision?
The answer is a resounding NO.
The real crux of the problem is actually between USA & NK. Therefore, SK cannot engage NK in any discussion because it cannot make any decision on behalf of USA. The NK knows this but SK doesn't even understand its own position.
As long as the USA is in the picture, there will NEVER be a peaceful resolution between NK & SK.
The NK snubbed the SK because NK knew that SK couldn't decide on any terms and conditions since SK was no longer a sovereignty in the eyes of the NK.
Why did I say so?
Well, this is so easy to see. If NK is willing to stop its nuclear development in exchange for the removal of THAAD and US troops in SK, is SK able to make that decision?
The answer is a resounding NO.
The real crux of the problem is actually between USA & NK. Therefore, SK cannot engage NK in any discussion because it cannot make any decision on behalf of USA. The NK knows this but SK doesn't even understand its own position.
As long as the USA is in the picture, there will NEVER be a peaceful resolution between NK & SK.
Do you eat USA beef? Mad cow disease is detected in USA cow now!
https://www.reuters.com/article/us-usa-cattle-bse-alabama-idUSKBN1A32IY
I don't eat USA beef because it is laced with ractopamine.
The USA has mad cow disease now! So watch out for your health!
http://sg-stock.blogspot.sg/2016/11/what-do-you-get-for-being-staunch-usa.html
I don't eat USA beef because it is laced with ractopamine.
The USA has mad cow disease now! So watch out for your health!
http://sg-stock.blogspot.sg/2016/11/what-do-you-get-for-being-staunch-usa.html
Thursday, July 20, 2017
Political battles are playing out in China!
Have you ever wondered why billionaires in China are getting into troubles?
http://variety.com/2017/biz/asia/wanda-leeco-add-to-darkening-sentiment-china-financial-markets-1202498324/
This is because President Xi is getting rid of the cohorts that belong to the corrupted system. President Xi is engaged in a dragon-tiger battle in which Xi is the dragon and Hu, Li and Jiang are the 3 tigers.
Let me give you a synopsis of the corrupted system.
Jiang Zemin wielded powers in the military and finance industry. President Xi managed to wrestle the military power from Jiang prior to taking down his key henchman, Zhou Yong Kang. Currently, Jiang Zemin is under house arrest (I verified this with my China relative.).
Li Peng wielded powers in the electrical power and finance industry. President Xi removed Li Peng's daughter from the power industry.
Hu Jin Tao wielded powers in the electrical power and water industry.
Most of the China billionaires are not true entrepreneurs and they amassed tremendous wealth through political powers with their connections. Wanda's Wang Jian Lin was closely connected to Bo Xi Lai who was taken down by Xi because Bo Xi Lai was Zhou Yong Kang's henchman. Wang Jian Lin would follow Bo Xi Lai wherever Bo was posted and Bo would approve Wangda's malls in prime districts.
President Xi had ordered banks to terminate all financing to Wangda which caused Wang Jian Lin to sell his company assets to raise funds. There will be more troubles for Wang Jian Lin because the government is checking his accounts for money laundering.
https://finance.yahoo.com/news/chinas-curbs-wanda-investors-fret-123813928.html
Leeco's founder also got into troubles because of his background.
http://variety.com/2017/biz/news/chinese-court-seizes-millions-assets-leeco-jia-yueting-1202487399/
Jack Ma of Alibaba is very worried now because he is also closely associated with the old guards.
President Xi survived 2 assassinations (one gunshot and one intoxication) while trying to get rid of the 3 tigers. Jiang was believed to be the mastermind of the assassinations.
https://sg.finance.yahoo.com/news/chinese-city-leadership-shake-signals-xi-power-play-021744915.html
http://variety.com/2017/biz/asia/wanda-leeco-add-to-darkening-sentiment-china-financial-markets-1202498324/
This is because President Xi is getting rid of the cohorts that belong to the corrupted system. President Xi is engaged in a dragon-tiger battle in which Xi is the dragon and Hu, Li and Jiang are the 3 tigers.
Let me give you a synopsis of the corrupted system.
Jiang Zemin wielded powers in the military and finance industry. President Xi managed to wrestle the military power from Jiang prior to taking down his key henchman, Zhou Yong Kang. Currently, Jiang Zemin is under house arrest (I verified this with my China relative.).
Li Peng wielded powers in the electrical power and finance industry. President Xi removed Li Peng's daughter from the power industry.
Hu Jin Tao wielded powers in the electrical power and water industry.
Most of the China billionaires are not true entrepreneurs and they amassed tremendous wealth through political powers with their connections. Wanda's Wang Jian Lin was closely connected to Bo Xi Lai who was taken down by Xi because Bo Xi Lai was Zhou Yong Kang's henchman. Wang Jian Lin would follow Bo Xi Lai wherever Bo was posted and Bo would approve Wangda's malls in prime districts.
President Xi had ordered banks to terminate all financing to Wangda which caused Wang Jian Lin to sell his company assets to raise funds. There will be more troubles for Wang Jian Lin because the government is checking his accounts for money laundering.
https://finance.yahoo.com/news/chinas-curbs-wanda-investors-fret-123813928.html
Leeco's founder also got into troubles because of his background.
http://variety.com/2017/biz/news/chinese-court-seizes-millions-assets-leeco-jia-yueting-1202487399/
Jack Ma of Alibaba is very worried now because he is also closely associated with the old guards.
President Xi survived 2 assassinations (one gunshot and one intoxication) while trying to get rid of the 3 tigers. Jiang was believed to be the mastermind of the assassinations.
https://sg.finance.yahoo.com/news/chinese-city-leadership-shake-signals-xi-power-play-021744915.html
Nam Cheong defaulted on its bonds!
https://www.bloomberg.com/news/articles/2017-07-20/nam-cheong-stops-servicing-428-million-debt-as-it-restructures
It is not surprising to see Nam Cheong defaulted on its bonds. Please refer to our previous posting on Nam Cheong.
https://sg-stock.blogspot.sg/2017/03/what-happened-to-nam-cheong-today.html
It is not surprising to see Nam Cheong defaulted on its bonds. Please refer to our previous posting on Nam Cheong.
https://sg-stock.blogspot.sg/2017/03/what-happened-to-nam-cheong-today.html
OMG! Hail storm in Tokyo!
Wednesday, July 19, 2017
World's first electric and autonomous bus completed road test in South China.
When you conduct military exercise in South China Sea, be prepared for China to conduct military exercise near your sea too.
http://www.asianage.com/india/all-india/190517/india-singapore-navies-conduct-joint-exercise-in-s-china-sea.html
India and Singapore conducted military exercise in the South China Sea in May 2017. Therefore, it is not surprising to see China conducting exercises in Indian ocean too.
http://en.people.cn/n3/2017/0718/c90000-9243240.html
India and Singapore conducted military exercise in the South China Sea in May 2017. Therefore, it is not surprising to see China conducting exercises in Indian ocean too.
http://en.people.cn/n3/2017/0718/c90000-9243240.html
Do you believe in past life or reincarnation?
http://totalalive.com/girl-remembers-past-10-lives/
There is a girl who remembers her 10 past lives and her past lives stories have been verified by a renowned UK anthropologist.
There are many cases of reincarnation in this world and I will just highlight a few amazing stories here.
http://sg-stock.blogspot.sg/2016/10/amazing-russian-boy-who-claimed-to-be.html
There is also a China village which is renowned for reincarnation as most of the reincarnations happened in nearby regions.
http://english.china.com/travel/keywords/travelogue/252/20160525/667076.html
There is a girl who remembers her 10 past lives and her past lives stories have been verified by a renowned UK anthropologist.
http://sg-stock.blogspot.sg/2016/10/amazing-russian-boy-who-claimed-to-be.html
There is also a China village which is renowned for reincarnation as most of the reincarnations happened in nearby regions.
http://english.china.com/travel/keywords/travelogue/252/20160525/667076.html
Singapore non-oil domestic exports (NODX) - Part 4
Singapore NODX increased 8.2% in June YOY.
https://sg.finance.yahoo.com/news/singapore-nodx-8-2-june-022800800.html
Year on year changes:
https://sg.finance.yahoo.com/news/singapore-nodx-8-2-june-022800800.html
Year on year changes:
June 2017: 8.2%
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Dec 2016: 9.1%
Nov 2016: 15.6%
https://sg-stock.blogspot.sg/2017/06/singapore-non-oil-domestic-exports-nodx.html
May 2017: -1.2%
Apr 2017: -0.7%
Mar 2017: 16.5%
Feb 2017: 21.1%
Jan 2017: 8.6%
Dec 2016: 9.1%
Nov 2016: 15.6%
Foreigners' feedbacks are more important to SIA than logical rationale.
http://www.straitstimes.com/singapore/singapore-airlines-to-review-serving-nuts-on-its-flights-after-toddler-has-allergic?xtor=CS11-86?xtor=CS11-86
SIA may stop serving peanuts in its planes because of a toddler's allergy.
Parents should understand their own child's health and it is incumbent upon them to make sure that their kids don't eat a certain food. However, parents have no right to demand airlines not to serve peanuts. Can we demand NTUC not to sell peanuts or peanut butter because our kids are allergic to them?
Service providers have the right to sell/serve but we've the right to reject or not to buy. By insisting the service providers not to offer them is not a democratic solution but a selfish act.
There are many allergies and we can't ban all the food. If someone complains to SIA of chilli allergy, is SIA going to ban chilli? If someone complains to SIA of seafood allergy which is very common, is SIA going to ban seafood too?
I must say SIA has no logical rationale. No wonder it is losing to other airliners.
SIA may stop serving peanuts in its planes because of a toddler's allergy.
Parents should understand their own child's health and it is incumbent upon them to make sure that their kids don't eat a certain food. However, parents have no right to demand airlines not to serve peanuts. Can we demand NTUC not to sell peanuts or peanut butter because our kids are allergic to them?
Service providers have the right to sell/serve but we've the right to reject or not to buy. By insisting the service providers not to offer them is not a democratic solution but a selfish act.
There are many allergies and we can't ban all the food. If someone complains to SIA of chilli allergy, is SIA going to ban chilli? If someone complains to SIA of seafood allergy which is very common, is SIA going to ban seafood too?
I must say SIA has no logical rationale. No wonder it is losing to other airliners.
US stock market is the world's most expensive!
http://www.marketwatch.com/story/the-us-stock-market-is-the-worlds-most-expensive-2017-07-18?siteid=yhoof2&yptr=yahoo
How far do you think the US stock market can rise further when it is already the most expensive? If the corporate earnings cannot match the stock market expectations, then a crash is imminent and unavoidable.
The stock market is so high because of QE and the unwinding of QE is going to begin soon in the USA.
How far do you think the US stock market can rise further when it is already the most expensive? If the corporate earnings cannot match the stock market expectations, then a crash is imminent and unavoidable.
The stock market is so high because of QE and the unwinding of QE is going to begin soon in the USA.
Do you notice that the USD has been falling?
http://www.marketwatch.com/story/dollar-falls-after-senate-republicans-abandon-bill-to-replace-obamacare-2017-07-18
What's the impact of USD depreciation?
USD fell heavily yesterday (Tues) because of Trump's medical care reform rejection in congress. Trump will have problem pushing for his tax reform and fiscal policies in congress too as he is losing support and confidence.
Commodities will spike up because these are priced in USD and buyers can buy more commodities with cheaper USD. When the demand increases, the price will go up.
Japan is pushing for TPP again after its failure to join OBOR initiative.
https://www.nytimes.com/2017/07/14/business/trans-pacific-partnership-trade-japan-china-globalization.html
http://www.cnbc.com/2017/07/13/vietnam-malaysia-stand-in-the-way-of-japans-trans-pacific-partnership-dream.html
Without the USA, TPP is useless as its economic size and benefits will be reduced significantly.
Japan is blaming Vietnam and Malaysia for standing in the way of TPP (ex-USA).
Hahaha! Good luck to Vietnam and Malaysia as these 2 countries will have to compromise a lot in this new round of talk. Japan will not compromise as it is the biggest economy in the new TPP.
http://www.cnbc.com/2017/07/13/vietnam-malaysia-stand-in-the-way-of-japans-trans-pacific-partnership-dream.html
Without the USA, TPP is useless as its economic size and benefits will be reduced significantly.
Japan is blaming Vietnam and Malaysia for standing in the way of TPP (ex-USA).
Hahaha! Good luck to Vietnam and Malaysia as these 2 countries will have to compromise a lot in this new round of talk. Japan will not compromise as it is the biggest economy in the new TPP.
Tuesday, July 18, 2017
The truth about China-India border skirmishes.
It was without a doubt that India encroached on China's territory because it wanted to stop the infrastructure development on China's border.
http://sg-stock.blogspot.sg/2017/06/india-and-china-are-having-border.html
India felt threatened by the infrastructure development which would allow China to move troops to the China-India border rapidly. However, this is not an excuse to enter China illegally to stop the development. A country cannot tell another country what to do or not to do in its own country.
India also felt threatened by China's dam developments but India had no right to interfere in any constructions in China. India can only blame its own geographical limitations. Just like Singapore, we do not have water resources and have to rely on Malaysia for water. However, we know we have no right to demand Malaysia to supply Singapore with water. Therefore, we build new water and desalination plants to produce clean water for ourselves.
India thought it could bully China because of the upcoming 19th congress party. It had been a China practice to maintain peace and order prior to the 19th congress party but China deviated from this practice this time. China became more assertive by amassing more troops and conducting live firing exercise to show its determination to protect its border from any incursions.
http://www.scmp.com/news/china/diplomacy-defence/article/2102965/china-flexes-its-military-muscle-tibet-close-border
India knew that it was no match for China and had been defeated by China before in 1962. Therefore, India had to fabricate and spread some false news through its media and other online channels to garner support for its illegal actions.
After seeing China's assertive stance against India's incursion prior to the 19th congress party in China, India had decided to soften its aggression and try to ease the tension through the diplomatic solution.
http://www.firstpost.com/india/india-china-border-row-nsa-ajit-doval-likely-to-visit-beijing-for-brics-nsas-meeting-on-27-and-28-july-3811461.html
India will be meeting China on 28 July to resolve this matter.
http://sg-stock.blogspot.sg/2017/06/india-and-china-are-having-border.html
India felt threatened by the infrastructure development which would allow China to move troops to the China-India border rapidly. However, this is not an excuse to enter China illegally to stop the development. A country cannot tell another country what to do or not to do in its own country.
India also felt threatened by China's dam developments but India had no right to interfere in any constructions in China. India can only blame its own geographical limitations. Just like Singapore, we do not have water resources and have to rely on Malaysia for water. However, we know we have no right to demand Malaysia to supply Singapore with water. Therefore, we build new water and desalination plants to produce clean water for ourselves.
India thought it could bully China because of the upcoming 19th congress party. It had been a China practice to maintain peace and order prior to the 19th congress party but China deviated from this practice this time. China became more assertive by amassing more troops and conducting live firing exercise to show its determination to protect its border from any incursions.
India knew that it was no match for China and had been defeated by China before in 1962. Therefore, India had to fabricate and spread some false news through its media and other online channels to garner support for its illegal actions.
After seeing China's assertive stance against India's incursion prior to the 19th congress party in China, India had decided to soften its aggression and try to ease the tension through the diplomatic solution.
http://www.firstpost.com/india/india-china-border-row-nsa-ajit-doval-likely-to-visit-beijing-for-brics-nsas-meeting-on-27-and-28-july-3811461.html
India will be meeting China on 28 July to resolve this matter.
Monday, July 17, 2017
PM Lee was ostracized in G20 summit.
What's the point of attending the G20 when Singapore was isolated by other major countries?
Major countries didn't want to communicate with Singapore in G20 because Singapore was not part of G20. Singapore only attended G20 as an observer.
Singapore extolled good relationship with China but President Xi didn't even interact with PM Lee during the break time.
Protest against PM Lee is useless.
https://sg.news.yahoo.com/singapore-protest-demands-inquiry-pm-family-feud-161146864.html
This protest against PM Lee is useless because 70% of Singaporeans voted for this one-party system. PM Lee had already declared no abuse of power in the parliament and the parliament fully supported him. With the AG and Parliament rallying behind him, he is untouchable. Therefore, 30% of Singaporeans can only suffer in silence.
If this group of people had a real interest in Singapore, they should also protest against AG's declaration of Wee Kim Wee as our first elected president which was against our common consensus but they didn't.
I wonder why.
This protest against PM Lee is useless because 70% of Singaporeans voted for this one-party system. PM Lee had already declared no abuse of power in the parliament and the parliament fully supported him. With the AG and Parliament rallying behind him, he is untouchable. Therefore, 30% of Singaporeans can only suffer in silence.
If this group of people had a real interest in Singapore, they should also protest against AG's declaration of Wee Kim Wee as our first elected president which was against our common consensus but they didn't.
I wonder why.
Look like Donald Trump is only a 1 term president.
https://sg.news.yahoo.com/trump-losing-public-support-poll-130048321.html
If his public approval rating continues to drop like this, he will only be a 1 term president. Therefore, his focus will be to garner as many business deals as possible for his own business before the party is over.
If his public approval rating continues to drop like this, he will only be a 1 term president. Therefore, his focus will be to garner as many business deals as possible for his own business before the party is over.
Saturday, July 15, 2017
Baltic dry index - 900
Today, Friday, July 14 2017, the Baltic Dry Index climbed by 12 points, reaching 900 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 - 952
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. remained unchanged this week, staying at 952.
A year ago, just 447 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 765 rigs sought oil and 187 explored for natural gas this week.
Among major oil- and gas-producing states, Texas gained three rigs, Utah increased by two and Colorado and North Dakota each increased by one.
Alaska, Louisiana and Oklahoma each declined by two.
Arkansas, California, Kansas, New Mexico, Ohio, Pennsylvania, 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.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, July 14, 2017
Bigger container ships bring in more containers into Singapore but with fewer port calls.
http://www.seatrade-maritime.com/news/asia/box-volumes-at-singapore-port-increase-8-5-in-june.html
Singapore increases its container volume by 8.5% at 2.6m TEU in June 2017 compared to 2016. However, the number of ships' calls drop 3.8% month on month to 3378 ships.
http://www.businesstimes.com.sg/energy-commodities/singapore-june-marine-fuel-sales-fall-to-their-lowest-this-year
This conundrum is caused by larger container ships which can carry more TEUs. Therefore, our containers increase but the ship port calls drop which affects the bunker sales.
Singapore increases its container volume by 8.5% at 2.6m TEU in June 2017 compared to 2016. However, the number of ships' calls drop 3.8% month on month to 3378 ships.
http://www.businesstimes.com.sg/energy-commodities/singapore-june-marine-fuel-sales-fall-to-their-lowest-this-year
This conundrum is caused by larger container ships which can carry more TEUs. Therefore, our containers increase but the ship port calls drop which affects the bunker sales.
Climate change will be disastrous for Asia. Find out which countries are the most affected!
http://www.channelnewsasia.com/news/asiapacific/adb-warns-climate-change--disastrous--for-asia-9031202
The Asian countries most affected by climate changes are Myanmar, Philippines, Vietnam, Pakistan and Thailand.
Therefore, think twice before you invest in these countries especially property investments.
The Asian countries most affected by climate changes are Myanmar, Philippines, Vietnam, Pakistan and Thailand.
Therefore, think twice before you invest in these countries especially property investments.
Hahaha! The USA has to get used to China's spy ship now.
https://sg.finance.yahoo.com/news/chinese-spy-ship-reportedly-lurking-051200989.html
When the USA sends its P8A to spy on China, it must also get used to being spied on.
This is a fair game. When you spy on others, you will also be spied on by others. If you go to other people's backyard, other people will also go to your backyard.
When the USA sends its P8A to spy on China, it must also get used to being spied on.
This is a fair game. When you spy on others, you will also be spied on by others. If you go to other people's backyard, other people will also go to your backyard.
Why does Indonesia want to move its Jakarta capital?
http://www.straitstimes.com/asia/se-asia/indonesia-studying-plan-to-relocate-capital
Jakarta is under serious threat from rising sea level and is constantly flooding because 40% of its land is under sea level now. With the breakage of the iceberg in Antarctica, the sea level will rise a further 10cm in the foreseeable future. This is the problem of global warming.
The next capital under siege is Bangkok. Bangkok is sinking about 5cm per year and with the rising sea level, flooding will become a serious threat to this capital. Foreigners who bought BKK condos will have problems cashing out their properties.
Jakarta is under serious threat from rising sea level and is constantly flooding because 40% of its land is under sea level now. With the breakage of the iceberg in Antarctica, the sea level will rise a further 10cm in the foreseeable future. This is the problem of global warming.
The next capital under siege is Bangkok. Bangkok is sinking about 5cm per year and with the rising sea level, flooding will become a serious threat to this capital. Foreigners who bought BKK condos will have problems cashing out their properties.
Thursday, July 13, 2017
Wow! S$100m for a Singapore penthouse!
https://sg.finance.yahoo.com/news/singapore-penthouse-sale-over-72-043611407.html
Are we living in stratospheric or what? When does a Singapore penthouse become so highly priced?
I know Singaporeans won't buy this penthouse because S$100m can get a good class bungalow with a big land.
Any foreigner who can pay $100m for a penthouse is no ordinary person but paying for a Singapore penthouse at this price does sound like an inane decision.
Are we living in stratospheric or what? When does a Singapore penthouse become so highly priced?
I know Singaporeans won't buy this penthouse because S$100m can get a good class bungalow with a big land.
Any foreigner who can pay $100m for a penthouse is no ordinary person but paying for a Singapore penthouse at this price does sound like an inane decision.
One trillion tonne of iceberg broke off Antarctic.
http://www.dailymail.co.uk/sciencetech/article-4688662/Trillion-ton-iceberg-snapped-Antarctic-ice-shelf.html
If larsen C section breaks off in the future, the sea level will increase by 10cm. OMG!
If larsen C section breaks off in the future, the sea level will increase by 10cm. OMG!
Wave energy technology is being developed in China.
http://en.people.cn/n3/2017/0711/c90000-9240120.html
Producing electricity by harnessing sea waves is already happening in China now!
This is the latest renewable energy development after solar and wind.
Kudos to China!
Producing electricity by harnessing sea waves is already happening in China now!
This is the latest renewable energy development after solar and wind.
Kudos to China!
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