Today, Friday, August 25 2017, the Baltic Dry Index climbed by 9 points, reaching 1209 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.
Sunday, August 27, 2017
US rig count - 940
HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. decreased by six this week to 940.
A year ago, just 489 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 759 rigs sought oil and 180 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, Louisiana, North Dakota and Ohio each added one rig.
Pennsylvania and Texas each lost three rigs. Alaska, Oklahoma and Utah were down by one apiece.
Arkansas, California, Colorado, New Mexico, 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
Saturday, August 26, 2017
An introduction of Malacca Gateway.
This development is truly amazing! Once this is completed, it will definitely replace Singapore as a shipping hub with China's port alliance. This is not a question of IF but WHEN.
When there is a typhoon, just stay indoor and do not fight the nature.
Friday, August 25, 2017
Russia is showing to the USA that it will get involved in the Korean peninsula war.
https://sg.news.yahoo.com/russia-sends-nuclear-capable-bombers-mission-near-south-072849269.html
Russia is telling the world with a show of force that it will get involved in the Korean peninsula war. This is also sending a clear signal to the USA not to attack North Korea unilaterally.
Great job, Putin!
Russia is telling the world with a show of force that it will get involved in the Korean peninsula war. This is also sending a clear signal to the USA not to attack North Korea unilaterally.
Great job, Putin!
Hahaha! Japanese historian proved that Diaoyu belonged to China.
http://en.people.cn/n3/2017/0824/c90000-9259862.html
This is really funny. More and more Japanese are fed up with its own government.
First, NHK published a documentary to prove that Unit 731 existed and committed atrocities that the Japanese government denied.
Next, Japanese historian provided an ancient Japanese map which showed that Diaoyu belonged to China. This proved that the USA and Japan robbed Diaoyu from China after WW2.
The historical facts are present everywhere in the world and it's getting harder for Japanese to change its unglamorous history.
This is really funny. More and more Japanese are fed up with its own government.
First, NHK published a documentary to prove that Unit 731 existed and committed atrocities that the Japanese government denied.
Next, Japanese historian provided an ancient Japanese map which showed that Diaoyu belonged to China. This proved that the USA and Japan robbed Diaoyu from China after WW2.
The historical facts are present everywhere in the world and it's getting harder for Japanese to change its unglamorous history.
Thursday, August 24, 2017
Vietnam calls for unity in Southeast Asia. What a joke!
https://www.reuters.com/article/us-southchinasea-vietnam-idUSKCN1B4099
This is really making a mockery out of Southeast Asia. If you look at the timeline, Vietnam was the first to start building infrastructures on disputed islands in South China Sea. Vietnam also robbed an island from Taiwan during bad weather in South China Sea in the past.
How to trust Vietnam when it is a troublemaker by itself? Our late PM Lee didn't trust Vietnam in the past and we must not trust Vietnam too. Our late PM Lee was the first PM in the world to write to the Thai King to warn about the bellicose Vietnam and also encouraged the USA to attack Vietnam which sparked off the Vietnam war.
This is really making a mockery out of Southeast Asia. If you look at the timeline, Vietnam was the first to start building infrastructures on disputed islands in South China Sea. Vietnam also robbed an island from Taiwan during bad weather in South China Sea in the past.
How to trust Vietnam when it is a troublemaker by itself? Our late PM Lee didn't trust Vietnam in the past and we must not trust Vietnam too. Our late PM Lee was the first PM in the world to write to the Thai King to warn about the bellicose Vietnam and also encouraged the USA to attack Vietnam which sparked off the Vietnam war.
Trade war between USA and China will start soon!
https://sg.finance.yahoo.com/news/china-says-necessary-means-defend-024752877.html
Trump is violating WTO rules by unilaterally invoking its US section 301 trade act. International trading rules must be preserved and respected. Trump should file a complaint to WTO and fight it out with China in WTO court of arbitration instead of using its own archaic law.
By taking such unilateral action, China will also follow suit and won't follow WTO rules by invoking its own trading act. When 2 titans fight, the world trading will suffer because these 2 countries will impose unreasonably high taxes against each other. This ensuing outcome will create economic problems for the whole world.
Last but not least, China has the population size and money to fight an economic war with the USA but the USA doesn't have the deep pocket like China. Many USA firms operating in China will suffer too in such an economic war.
Trump is violating WTO rules by unilaterally invoking its US section 301 trade act. International trading rules must be preserved and respected. Trump should file a complaint to WTO and fight it out with China in WTO court of arbitration instead of using its own archaic law.
By taking such unilateral action, China will also follow suit and won't follow WTO rules by invoking its own trading act. When 2 titans fight, the world trading will suffer because these 2 countries will impose unreasonably high taxes against each other. This ensuing outcome will create economic problems for the whole world.
Last but not least, China has the population size and money to fight an economic war with the USA but the USA doesn't have the deep pocket like China. Many USA firms operating in China will suffer too in such an economic war.
See the power of typhoon Hato in Hong Kong 23 August 2017
Typhoons will get more severe and frequent in the future due to global warming.
Wednesday, August 23, 2017
Lee Hsien Loong gets court approval to jail his nephew Li Sheng Wu.
http://www.todayonline.com/singapore/agc-gets-green-light-contempt-court-proceedings-against-mr-li-shengwu
Why is PM Lee so adamant in bludgeoning his own nephew?
This was because PM Lee's younger brother, LHY, destroyed PM Lee's son political career as the PM's son was forced to issue a statement that he was not interested in any political career. Therefore, PM Lee must ensure that LHY's son also cannot enter politics in the future.
LHL and LHY will NEVER get along because the rift is too deep since this saga has supervened upon the younger generation.
Why is PM Lee so adamant in bludgeoning his own nephew?
This was because PM Lee's younger brother, LHY, destroyed PM Lee's son political career as the PM's son was forced to issue a statement that he was not interested in any political career. Therefore, PM Lee must ensure that LHY's son also cannot enter politics in the future.
LHL and LHY will NEVER get along because the rift is too deep since this saga has supervened upon the younger generation.
Tan Cheng Block's appeal was dismissed by the high court.
http://www.channelnewsasia.com/news/singapore/tan-cheng-bock-s-appeal-over-upcoming-presidential-election-9149466
This is not surprising at all. I would be surprised if the court ruled in Tan's favour.
Notwithstanding the court's dismission, our readers know the real first elected president in Singapore.
http://sg-stock.blogspot.sg/2017/08/our-poll-showed-that-our-readers-knew.html
This is the danger of a one-party system. The one-party system can change historical facts and events.
This is not surprising at all. I would be surprised if the court ruled in Tan's favour.
Notwithstanding the court's dismission, our readers know the real first elected president in Singapore.
http://sg-stock.blogspot.sg/2017/08/our-poll-showed-that-our-readers-knew.html
This is the danger of a one-party system. The one-party system can change historical facts and events.
China-India border scuffle at Ladakh
From the leaked out video, the Chinese soldiers were winning the fight and the Indian soldiers were retreating with their flag. However, the Indian news media reported that they won the fight and forced the Chinese soldiers back into the China territory.
https://www.cnbc.com/2017/08/15/india-china-soldiers-involved-in-border-altercation-indian-sources.html
The Indians couldn't even win in an unarmed close combat fight and they wanted to go to war with China.
Tuesday, August 22, 2017
Singapore over promises and under delivers for the BRI involvement.
https://sg.finance.yahoo.com/news/china-construction-bank-raising-15-060435088.html
We did state previously in our posting that it was impossible for SG to compete with China & HK for the BRI financing. Please see our posting below.
http://sg-stock.blogspot.sg/2017/06/what-joke-singapore-to-help-bankroll.html
SG wants to help to finance for the BRI but it just doesn't have the capability to do that because China & HK are more financially savvier than SG. SG doesn't realize that China has overtaken SG in terms of technology and financial capabilities and still think that it can advise China on developments.
Last but not least, we monitor China developments and our readers can get some updates on China developments on our blog especially those who are intransigent about China.
We did state previously in our posting that it was impossible for SG to compete with China & HK for the BRI financing. Please see our posting below.
http://sg-stock.blogspot.sg/2017/06/what-joke-singapore-to-help-bankroll.html
SG wants to help to finance for the BRI but it just doesn't have the capability to do that because China & HK are more financially savvier than SG. SG doesn't realize that China has overtaken SG in terms of technology and financial capabilities and still think that it can advise China on developments.
Last but not least, we monitor China developments and our readers can get some updates on China developments on our blog especially those who are intransigent about China.
Climate change is causing a lot of weird clouds nowadays.
India says China stand off will end soon.
http://www.channelnewsasia.com/news/asiapacific/india-says-china-stand-off-will-end--soon--9143768
India is saying a rhetoric statement because everyone knows winter snow is coming in September. Both sides will retreat due to the snow, not because an agreement has been reached by both parties.
We stated this in our previous posting.
http://sg-stock.blogspot.sg/2017/08/china-has-presented-factsheet-about.html
India is saying a rhetoric statement because everyone knows winter snow is coming in September. Both sides will retreat due to the snow, not because an agreement has been reached by both parties.
We stated this in our previous posting.
http://sg-stock.blogspot.sg/2017/08/china-has-presented-factsheet-about.html
Monday, August 21, 2017
A glimpse into the near future of automation.
Medical revolution is coming! Doctors watch out!
http://en.people.cn/n3/2017/0820/c90000-9257744.html
Medical doctors will be in lesser demand in the future because of medical AI which can perform better than human doctors. This is a necessary revolution in preparation for space exploration as space travellers require medical AI and robotic operation.
Medical doctors will be in lesser demand in the future because of medical AI which can perform better than human doctors. This is a necessary revolution in preparation for space exploration as space travellers require medical AI and robotic operation.
Here we go again! Another USA naval destroyer collision!
https://sg.news.yahoo.com/us-destroyer-collision-off-singapore-rescue-efforts-launched-011202596.html
USA destroyer collided with a container ship in June 2017. This time, another USA destroyer collided with a tanker ship.
Look like USA naval prowess is going downhill. If USA destroyer cannot avoid big ships, how can it fight in a war? USA navy is not combat-operational nowadays.
http://sg-stock.blogspot.sg/2017/07/us-navy-was-at-fault-for-container.html
USA destroyer collided with a container ship in June 2017. This time, another USA destroyer collided with a tanker ship.
Look like USA naval prowess is going downhill. If USA destroyer cannot avoid big ships, how can it fight in a war? USA navy is not combat-operational nowadays.
http://sg-stock.blogspot.sg/2017/07/us-navy-was-at-fault-for-container.html
Sunday, August 20, 2017
AWARE is trying to destroy our military forces.
http://www.channelnewsasia.com/news/cnainsider/stop-being-a-girl-and-man-up-boys-face-gender-police-even-as-men-9139700
Without harsh words and hurtful psychological stresses, our military forces will be very weak and we can never fight a war with such weak mentality.
If you look at the military trainings in other western countries like USA and Russia, their military trainings involve verbal and physical abuses to turn their men into tough operational forces.
Men in Singapore have a responsibility to protect Singapore compared to other men in other countries but AWARE doesn't understand this. National interest is above all other things in Singapore because without a strong and tough military force, there won't be Singapore.
I'm very disappointed in AWARE for having such a myopic viewpoint.
Without harsh words and hurtful psychological stresses, our military forces will be very weak and we can never fight a war with such weak mentality.
If you look at the military trainings in other western countries like USA and Russia, their military trainings involve verbal and physical abuses to turn their men into tough operational forces.
Men in Singapore have a responsibility to protect Singapore compared to other men in other countries but AWARE doesn't understand this. National interest is above all other things in Singapore because without a strong and tough military force, there won't be Singapore.
I'm very disappointed in AWARE for having such a myopic viewpoint.
Who helped North Korea to develop its missiles program?
https://www.nytimes.com/2017/08/14/world/asia/north-korea-missiles-ukraine-factory.html?mcubz=3
https://en.hromadske.ua/posts/nmissile-engines-north-korea-ukraine
The articles pointed out that Ukraine was the main culprit because it was selling the rocket engines in the black market and Iran provided the guidances.
Therefore, China and Russia are not the parties involved.
https://en.hromadske.ua/posts/nmissile-engines-north-korea-ukraine
The articles pointed out that Ukraine was the main culprit because it was selling the rocket engines in the black market and Iran provided the guidances.
Therefore, China and Russia are not the parties involved.
Saturday, August 19, 2017
Baltic dry index - 1260
Today, Friday, August 18 2017, the Baltic Dry Index climbed by 13 points, reaching 1260 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 - 946
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 946.
A year ago, just 491 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 763 rigs sought oil and 182 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, California gained two rigs and New Mexico increased by one.
North Dakota declined by two rigs while Alaska, Louisiana, Oklahoma and Utah were down by one apiece.
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, August 18, 2017
Li Sheng Wu, son of LHY, fled Singapore.
https://www.reuters.com/article/us-singapore-politics-nephew-exclusive-idUSKCN1AX2W0
This shows that he has no confidence in our judiciary system because he believes it will be manipulated by his uncle, PM Lee.
If a man of his stature doesn't believe in Singapore, we have to ponder about our future in Singapore too.
This shows that he has no confidence in our judiciary system because he believes it will be manipulated by his uncle, PM Lee.
If a man of his stature doesn't believe in Singapore, we have to ponder about our future in Singapore too.
South Korea wants to honour comfort women.
https://www.theguardian.com/cities/2017/aug/16/buses-seoul-comfort-women-statues-korea-japan
South Korea trashes Japan's hope to cover up its war crimes by honouring comfort women in the buses.
Our PM Lee was definitely offending South Korea and China by asking Japan to stop apologizing for its war crimes. Singapore was also a victim back then but we must support Japan because of our close fraternity with the USA. Sigh!
South Korea trashes Japan's hope to cover up its war crimes by honouring comfort women in the buses.
Our PM Lee was definitely offending South Korea and China by asking Japan to stop apologizing for its war crimes. Singapore was also a victim back then but we must support Japan because of our close fraternity with the USA. Sigh!
This Chinese invented robot takes the world by storm.
Japan government cannot hide its war crimes anymore!
NHK, a Japanese media, had published a documentary about Unit 731 which the Japanese government had denied. The truth shocked the Japanese citizens!
http://en.people.cn/n3/2017/0817/c90000-9256796.html
Even with this documentary, the Japanese government still refuses to acknowledge its war crimes.
Furthermore, our PM Lee also supported Japan's stance by asking Japan not to apologize anymore.
Even with this documentary, the Japanese government still refuses to acknowledge its war crimes.
Furthermore, our PM Lee also supported Japan's stance by asking Japan not to apologize anymore.
Thursday, August 17, 2017
Singapore non-oil domestic exports (NODX) - Part 5
Singapore NODX increased 8.5% in June YOY.
https://www.gov.sg/news/content/channel-newsasia---singapore-exports-up-8-5-in-july-in-third-straight-month-of-growth
Year on year changes:
https://www.gov.sg/news/content/channel-newsasia---singapore-exports-up-8-5-in-july-in-third-straight-month-of-growth
Year on year changes:
July 2017: 8.5%
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%
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%
Wednesday, August 16, 2017
Shared bikes business model is a flawed business concept.
This type of business model doesn't make sense at all in a real world.
http://fortune.com/2017/03/21/chinese-bike-sharing/
World War 4 has started between China & India.
http://www.scmp.com/news/asia/diplomacy/article/2106954/chinese-and-indian-soldiers-said-involved-melee-indian-sources
It was said that WW4 would be fought with rocks because WW3 had destroyed everything.
Look like this is true after all because China and India are fighting with rocks now. Heehee!
It was said that WW4 would be fought with rocks because WW3 had destroyed everything.
Look like this is true after all because China and India are fighting with rocks now. Heehee!
Singapore banks are facing strong headwinds in Oil & Gas sector.
http://www.businesstimes.com.sg/companies-markets/singapore-bank-stocks-battered-by-more-om-bad-news?xtor=EREC-16-1[BT_Newsletter_1]-20170816-[Singapore+bank+stocks+battered+by+more+O%26M+bad+news]&xts=538380
We did state in our previous postings that banks were not forthcoming in their oil & gas loan exposures.
http://sg-stock.blogspot.sg/2017/08/watch-out-for-dbss-2nd-half-earnings.html
They should be more transparent about their loan exposures but they didn't. This showed that shareholders' accountability is not at the top of their minds and the management just wanted to be hush about the banks' poor performances.
We did state in our previous postings that banks were not forthcoming in their oil & gas loan exposures.
http://sg-stock.blogspot.sg/2017/08/watch-out-for-dbss-2nd-half-earnings.html
They should be more transparent about their loan exposures but they didn't. This showed that shareholders' accountability is not at the top of their minds and the management just wanted to be hush about the banks' poor performances.
Our poll showed that our readers knew that Wee Kim Wee was not our first elected president.
Grey aliens are actually our descendents!
Tuesday, August 15, 2017
Noble group credit rating got downgraded again by S&P and Moody's!
https://www.bloomberg.com/news/articles/2017-08-14/noble-group-facing-higher-risk-of-default-s-p-and-moody-s-say?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
OMG! The default risk is real....very real!
This is the reason that Noble group got downgraded again.
We're also very negative about Noble group.
Please read our previous postings on Noble group.
OMG! The default risk is real....very real!
This is the reason that Noble group got downgraded again.
We're also very negative about Noble group.
Please read our previous postings on Noble group.
North Korea had declared that it would fire 4 missiles in mid august 2017.
http://edition.cnn.com/2017/08/09/politics/north-korea-considering-near-guam-strike/index.html
North Korea had detailed a military plan to fire 4 missiles at a region near Guam in mid August 2017.
Let's see whether North Korea will follow through with its military plan.
North Korea had detailed a military plan to fire 4 missiles at a region near Guam in mid August 2017.
Let's see whether North Korea will follow through with its military plan.
Monday, August 14, 2017
Saturday, August 12, 2017
Watch how China foreign minister lectured Japan foreign minister!
OMG! China women swat members are as good as our commandos.
Reuters produced fake news!
http://en.people.cn/n3/2017/0811/c90883-9253911.html
So many reputable news agencies created fake news this year! CNN, AFP, Reuters, etc.
This is not the way to increase readership and serve your own political agenda!
So many reputable news agencies created fake news this year! CNN, AFP, Reuters, etc.
This is not the way to increase readership and serve your own political agenda!
The USA is playing the FON theme again!
http://en.people.cn/n3/2017/0811/c90883-9254167.html
What's the point of intruding and getting chased away? If the USA was really in international water, it should stand on its ground. However, the USA destroyer got chased away. This FON is just a pseudo theme for provocation.
When will the USA stop the cat and mouse again!
What's the point of intruding and getting chased away? If the USA was really in international water, it should stand on its ground. However, the USA destroyer got chased away. This FON is just a pseudo theme for provocation.
When will the USA stop the cat and mouse again!
China military leads in International Army Games 2017.
Going to a war with China is asking for annihilation.
Baltic dry index - 1138
Today, Friday, August 11 2017, the Baltic Dry Index climbed by 46 points, reaching 1138 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 - 949
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by five this week to 949.
A year ago, just 481 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 768 rigs sought oil and 181 explored for natural gas this week.
Among major oil- and gas-producing states, California and New Mexico each increased by one rig.
Texas lost seven rigs and Louisiana decreased by one.
Alaska, Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, 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, August 11, 2017
Malaysia warns Singapore about its ringgit futures trading.
http://www.channelnewsasia.com/news/singapore/malaysia-s-central-bank-criticises-sgx-s-trading-of-ringgit-9112900
Since SG is a financial hub, SG is able to influence the ringgit movement if the ringgit futures is left unchecked when the trading becomes popular.
Malaysia central bank doesn't want Singapore to affect the ringgit movement. No wonder Malaysia sent out a message that China radar system would be placed in JB.
We did mention in one of our posts that Malaysia won't be accommodative towards SG because it had China support. Look like Malaysia is getting tough on Singapore now. I wonder how Malaysia will punish SG if SG refuses to stop the trading of ringgit futures.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Since SG is a financial hub, SG is able to influence the ringgit movement if the ringgit futures is left unchecked when the trading becomes popular.
Malaysia central bank doesn't want Singapore to affect the ringgit movement. No wonder Malaysia sent out a message that China radar system would be placed in JB.
We did mention in one of our posts that Malaysia won't be accommodative towards SG because it had China support. Look like Malaysia is getting tough on Singapore now. I wonder how Malaysia will punish SG if SG refuses to stop the trading of ringgit futures.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Singapore economy is growing strongly.
https://sg.finance.yahoo.com/news/singapore-economy-grows-much-stronger-011839959.html
Our economy grew 2.9% in the 2nd quarter year on year. Hooray!
Wait....How come we don't feel the good economic growth?
Well, let's look at the GDP composition.
GDP = G + I + C + Net Export (X - M)
G= Government spending
I = Investments (FDI)
C = Consumption
Net Ex = X - M, Export - Import
GIC will impact Singaporeans more directly than Net Ex. Net Ex is more like trading which will result in trade surplus or trade deficit for Singapore.
Since C is a negligible component of Singapore GDP as we are a small nation with a small population, we can only rely on GI and Net Ex for boosting our GDP.
However, our good GDP growth is derived primarily from Net Ex this time. Therefore, we don't feel much impact from the good GDP figure unless you are in the trading industry.
Our economy grew 2.9% in the 2nd quarter year on year. Hooray!
Wait....How come we don't feel the good economic growth?
Well, let's look at the GDP composition.
GDP = G + I + C + Net Export (X - M)
G= Government spending
I = Investments (FDI)
C = Consumption
Net Ex = X - M, Export - Import
GIC will impact Singaporeans more directly than Net Ex. Net Ex is more like trading which will result in trade surplus or trade deficit for Singapore.
Since C is a negligible component of Singapore GDP as we are a small nation with a small population, we can only rely on GI and Net Ex for boosting our GDP.
However, our good GDP growth is derived primarily from Net Ex this time. Therefore, we don't feel much impact from the good GDP figure unless you are in the trading industry.
Noble financial update!
https://finance.yahoo.com/news/noble-group-reports-1-75-121909015.html
Here's a synopsis of Noble's financial health:
Noble reported a net loss of $1.9b in the first half of 2017.
Noble reported net debt increased by $900m (at $3.8b) in the first half of 2017.
Noble wrote down $1.3b in the first half of 2017.
Noble has a $2b credit facility expiring in Oct 2017.
The last leg to fall will be a liquidity squeeze caused by an increase in commodity prices. Noble will have to put up more money to buy commodities when the prices rise just to maintain the same profit margin. This will make Noble keel over.
Here's a synopsis of Noble's financial health:
Noble reported a net loss of $1.9b in the first half of 2017.
Noble reported net debt increased by $900m (at $3.8b) in the first half of 2017.
Noble wrote down $1.3b in the first half of 2017.
Noble has a $2b credit facility expiring in Oct 2017.
The last leg to fall will be a liquidity squeeze caused by an increase in commodity prices. Noble will have to put up more money to buy commodities when the prices rise just to maintain the same profit margin. This will make Noble keel over.
Thursday, August 10, 2017
China has 100% secured communication now!
https://sg.finance.yahoo.com/news/china-uses-quantum-satellite-transmit-085800014.html
100% secured communication is very important especially during wartime. A secured communication will greatly improve the odds of winning in a war because enemies won't know your strategies and deployments.
It will also be good if we can use it for financial payment system because nobody can hack it.
100% secured communication is very important especially during wartime. A secured communication will greatly improve the odds of winning in a war because enemies won't know your strategies and deployments.
It will also be good if we can use it for financial payment system because nobody can hack it.
Philippine slams outside interference in South China Sea dispute.
http://en.people.cn/n3/2017/0809/c90000-9253229.html
Philippine is the claimant but USA, Japan and Australia want Philippine to enforce the PCA ruling.
What a joke!
Australia, do you want to abide by the PCA ruling against Australia before you call on others to abide it?
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Philippine is the claimant but USA, Japan and Australia want Philippine to enforce the PCA ruling.
What a joke!
Australia, do you want to abide by the PCA ruling against Australia before you call on others to abide it?
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Malaysia is using China radar to monitor Singapore.
http://www.todayonline.com/world/asia/china-offer-malaysia-radar-rocket-launchers-based-johor?cid=emarsys-today_TODAY%27s+morning+briefing+for+August+10%2C+2017_newsletter_10082017_today
The multiple rocket launchers' radar system has a range of 220km which will cover more than the whole of Singapore. This will monitor our military activities especially the USA navy based in Singapore.
Is our relationship with Malaysia going south?
The multiple rocket launchers' radar system has a range of 220km which will cover more than the whole of Singapore. This will monitor our military activities especially the USA navy based in Singapore.
Is our relationship with Malaysia going south?
Malaysia has scored another milestone achievement with China.
http://www.businesstimes.com.sg/government-economy/hard-pedalling-soft-power-china-helps-launch-us13b-belt-and-road-rail-project-in
Malaysia is really BOLEH!
Malaysia is improving by leaps and bounds now. It is having autonomous trains and is deeply involved in the BRI.
http://sg-stock.blogspot.sg/2017/08/wow-malaysia-will-have-autonomous.html
What has Singapore achieved so far? No deal above $10b with China.
It is really eye soring to see our neighbour progressing so well. Malaysia will overtake SG in on time.
Malaysia is improving by leaps and bounds now. It is having autonomous trains and is deeply involved in the BRI.
http://sg-stock.blogspot.sg/2017/08/wow-malaysia-will-have-autonomous.html
What has Singapore achieved so far? No deal above $10b with China.
It is really eye soring to see our neighbour progressing so well. Malaysia will overtake SG in on time.
Iceberg felt vindicated after Noble's writedown.
https://sg.finance.yahoo.com/news/noble-apos-giant-writedown-proves-102127119.html
Well, one cannot hide the truth forever. You can lie to a few people some time and you can lie to most people most of the time but you cannot lie to all the people all the time.
Well, one cannot hide the truth forever. You can lie to a few people some time and you can lie to most people most of the time but you cannot lie to all the people all the time.
Wednesday, August 9, 2017
China-India border war may start within 2 weeks time.
There is a rumour that Chinese businessmen are leaving India now. This is one of the indicators that a war will break out soon. China is warning Chinese businessmen to leave India so that they won't be held as hostages in a war break out.
Our PM Lee's national speech is worrisome!
https://sg.news.yahoo.com/pm-lee-hsien-loong-highlights-three-long-term-issues-singapore-tackle-123500869.html
This shows that he cannot bring Singapore forward anymore because he should give Singapore something to look forward but instead he's dwelling on something less grandeur. Maybe he would like to be a sociologist after his retirement.....sigh!
This shows that he cannot bring Singapore forward anymore because he should give Singapore something to look forward but instead he's dwelling on something less grandeur. Maybe he would like to be a sociologist after his retirement.....sigh!
Ship can sail through Arctic now!
We posted about this new Arctic shipping route previously.
http://sg-stock.blogspot.sg/2017/04/new-arctic-shipping-route.html
Tuesday, August 8, 2017
China has an implicit message for USA.
https://sg.news.yahoo.com/china-holds-wargames-north-korea-tensions-spike-061206844.html
This war game is to send an implicit message to the USA that yellow sea is out of bound for the USA if USA wants to attack NK.
This war game is to send an implicit message to the USA that yellow sea is out of bound for the USA if USA wants to attack NK.
South Korea is punishing Japan for its WW2 atrocities.
https://sg.news.yahoo.com/korean-court-orders-japans-mitsubishi-pay-over-war-051843656.html
Although WW2 has ended 70 years already, South Korea still cannot forgive and forget the atrocities committed by Japan because of Japan's denial. In this sense, China is more forgiving towards Japan despite the Nanjing Massacres.
Although WW2 has ended 70 years already, South Korea still cannot forgive and forget the atrocities committed by Japan because of Japan's denial. In this sense, China is more forgiving towards Japan despite the Nanjing Massacres.
There are sea lices in the sea. Beware when you wanna swim in the sea.
Economic 101 - Don't let the unemployment rate fool you!
In a perfect world, high economic growth will have low unemployment rate and low economic growth will have high unemployment rate. However, we do not live in a perfect world and there is a paradox in every theory. Therefore, we can have a low economic growth and a rising unemployment rate in an economy like Singapore. Rising unemployment rate seems like a benign factor in this case. How true is this?
The paradox arises from the definition of being unemployed. An unemployed person is considered unemployed if he is actively looking for a job but cannot get a job within 6 months. Thereafter, he is no longer considered unemployed because he will be categorized as out of the labour force as his interest in finding a job has disappeared after 6 months.
The labour force consists of employed and unemployed persons (Employed + Unemployed).
The calculation of the unemployment rate:
Unemployment rate = No. of unemployed / labour force
Let's exemplify the paradox with some examples.
Example A:
Labour force = 100 persons (Employed + Unemployed)
Employed = 95
Unemployed = 5
Unemployment rate = 5/100 = 5%
Example B;
Let's say 1 person cannot find a job in 6 months after actively looking for a job and he is considered to be out of the labour force. Therefore, the following will change.
Labour force = 99 (1 is out of the labour force)
Employed = 95 (remain constant)
Unemployed = 4 (1 is out of the unemployed because he is out of the labour force)
Unemployment rate = 4/99 = 4%
As you can see, the number of employed persons is the same (95) in both examples but the unemployment rate has improved from 5% to 4%. This happens without any improvement in the economic growth and the government can claim credit for lowering the unemployment rate by doing nothing.
Therefore, when you read any unemployment rate figure, please remember to look at the details and not just the headline number which can be very misleading.
The paradox arises from the definition of being unemployed. An unemployed person is considered unemployed if he is actively looking for a job but cannot get a job within 6 months. Thereafter, he is no longer considered unemployed because he will be categorized as out of the labour force as his interest in finding a job has disappeared after 6 months.
The labour force consists of employed and unemployed persons (Employed + Unemployed).
The calculation of the unemployment rate:
Unemployment rate = No. of unemployed / labour force
Let's exemplify the paradox with some examples.
Example A:
Labour force = 100 persons (Employed + Unemployed)
Employed = 95
Unemployed = 5
Unemployment rate = 5/100 = 5%
Example B;
Let's say 1 person cannot find a job in 6 months after actively looking for a job and he is considered to be out of the labour force. Therefore, the following will change.
Labour force = 99 (1 is out of the labour force)
Employed = 95 (remain constant)
Unemployed = 4 (1 is out of the unemployed because he is out of the labour force)
Unemployment rate = 4/99 = 4%
As you can see, the number of employed persons is the same (95) in both examples but the unemployment rate has improved from 5% to 4%. This happens without any improvement in the economic growth and the government can claim credit for lowering the unemployment rate by doing nothing.
Therefore, when you read any unemployment rate figure, please remember to look at the details and not just the headline number which can be very misleading.
Monday, August 7, 2017
OMG! Thailand is seriously considering the development of Kra Canal and the Thais are very supportive of this project.
https://asia.nikkei.com/Politics-Economy/Economy/Influential-Thais-in-push-for-Kra-Canal-project?page=1
https://asia.nikkei.com/Politics-Economy/Economy/Influential-Thais-in-push-for-Kra-Canal-project?page=2
The Thais are supportive of the development of Kra Canal nowadays because of the great benefits it will bring to Thailand. This Kra Canal project will have great multiplier effects which will generate a lot of business and job opportunities. It is also easier to get funding for this huge project after the establishment of AIIB and China is extremely interested in this project. Moreover, China has both the funds and the technologies to complete this project for Thailand.
Singapore will be finished once Kra Canal is developed.
https://asia.nikkei.com/Politics-Economy/Economy/Influential-Thais-in-push-for-Kra-Canal-project?page=2
The Thais are supportive of the development of Kra Canal nowadays because of the great benefits it will bring to Thailand. This Kra Canal project will have great multiplier effects which will generate a lot of business and job opportunities. It is also easier to get funding for this huge project after the establishment of AIIB and China is extremely interested in this project. Moreover, China has both the funds and the technologies to complete this project for Thailand.
Singapore will be finished once Kra Canal is developed.
Is the US professor, Huang Jing, pro-china or anti-china?
Just look at the videos below to form your own opinion.
Huang Jing's speech on China Media.
His speech in China seemed to be in favour of China. This made sense because he would be arrested if he made anti-china remarks on China's state TV media.
However, he made a speech against China when he's not in China.
Huang Jing's speech on China Media.
However, he made a speech against China when he's not in China.
China AI tops image recognition competition!
http://en.people.cn/n3/2017/0804/c90000-9251280.html
China AIs have been winning a lot of international competitions nowadays. China will be a high technology country in no time as it progresses at such rapid speed.
China AIs have been winning a lot of international competitions nowadays. China will be a high technology country in no time as it progresses at such rapid speed.
Samsung is suffering in China.
http://en.people.cn/n3/2017/0804/c90000-9251318.html
Samsung is having sluggish sales in China because of THAAD deployment in SK.
China consumers do not want to buy Samsung S8 now because of nationalistic sentiment.
Samsung is having sluggish sales in China because of THAAD deployment in SK.
China consumers do not want to buy Samsung S8 now because of nationalistic sentiment.
AFP news agency embarked on smearing campaign again.
https://sg.news.yahoo.com/china-scores-diplomatic-coup-sea-row-150454667.html
China didn't ignore international laws but ignore a pseudo international court's ruling. PCA is a fake international court which everyone knows by now but AFP still insists that it is UN-Backed despite UN public declaration on PCA.
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Australia also ignored PCA ruling because PCA didn't have the jurisdiction to rule on international matters. The only true international court is ICJ which is under UN.
China didn't ignore international laws but ignore a pseudo international court's ruling. PCA is a fake international court which everyone knows by now but AFP still insists that it is UN-Backed despite UN public declaration on PCA.
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Australia also ignored PCA ruling because PCA didn't have the jurisdiction to rule on international matters. The only true international court is ICJ which is under UN.
Mobile phone exploded in the chest pocket could cause serious damage to your body.
Do not place mobile phone in your chest pocket or pants' pocket!
Sunday, August 6, 2017
Typhoon Noru in Japan!
Nature is angry now! We need to stop climate change or else we will suffer for our own doings.
Saturday, August 5, 2017
USA tried to subvert SG's interest!
https://sg.finance.yahoo.com/news/singapore-revokes-professor-apos-entry-113706061.html
We know that those Chinese who are anti-China will emigrate to USA. Therefore, this Chinese US citizen is definitely working under the guise of the USA to subvert our interest.
This is what we get for being USA's ally. Opps...Maybe USA doesn't regard SG as an ally but a pawn.
We know that those Chinese who are anti-China will emigrate to USA. Therefore, this Chinese US citizen is definitely working under the guise of the USA to subvert our interest.
This is what we get for being USA's ally. Opps...Maybe USA doesn't regard SG as an ally but a pawn.
OMG! Dubai's 84-storey building catches fire again!
http://edition.cnn.com/2017/08/03/middleeast/dubai-tower-fire/index.html
Fire-proof building materials are needed to prevent such fire!
AGC is taking action against Li Sheng Wu, Son of LHY.
https://sg.news.yahoo.com/agc-seeks-contempt-court-proceedings-li-shengwu-004530979.html
Sigh! LSW and his dad LHY will not want to live in SG anymore. The only one left will be LWL, sister of PM Lee, in SG. LHL is breaking up the Lee family.
Sigh! LSW and his dad LHY will not want to live in SG anymore. The only one left will be LWL, sister of PM Lee, in SG. LHL is breaking up the Lee family.
Alan Greenspan warns about the bond bubble!
https://www.cnbc.com/2017/08/04/greenspan-bond-bubble-about-to-break-because-of-abnormally-low-interest-rates.html
Yes, interest rates cannot stay low perpetually and low-interest rates will affect the financial industry especially the banking sector.
The risk-free rate is at 2.26 now and if you factor in the 2% inflation, you are virtually making no income out of buying the 10-year treasury bond. This lack of money-making opportunity forces investors to seek higher returns in riskier assets and causes bubbles in other assets.
The FED's intention is to increase interest rates gradually so that it will have ammunitions to handle the next recession. However, when the bond yields start to rise rapidly, the risk-averse investors will flock to bonds and dump riskier assets that they bought previously. This is why Alan Greenspan said that stock market would crash when the bond bubble burst.
This too-fast-too-furious event is not reflected in the mindsets of ordinary investors yet because VIX is showing great complacency among investors.
Yes, interest rates cannot stay low perpetually and low-interest rates will affect the financial industry especially the banking sector.
The risk-free rate is at 2.26 now and if you factor in the 2% inflation, you are virtually making no income out of buying the 10-year treasury bond. This lack of money-making opportunity forces investors to seek higher returns in riskier assets and causes bubbles in other assets.
The FED's intention is to increase interest rates gradually so that it will have ammunitions to handle the next recession. However, when the bond yields start to rise rapidly, the risk-averse investors will flock to bonds and dump riskier assets that they bought previously. This is why Alan Greenspan said that stock market would crash when the bond bubble burst.
This too-fast-too-furious event is not reflected in the mindsets of ordinary investors yet because VIX is showing great complacency among investors.
Baltic dry index - 1032
Today, Friday, August 04 2017, the Baltic Dry Index climbed by 9 points, reaching 1032 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 - 954
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased
by four this week to 954.
by four this week to 954.
A year ago, just 464 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 765 rigs sought oil and 189
explored for natural gas this week.
explored for natural gas this week.
Among major oil- and gas-producing states, Texas gained four rigs and Alaska increased by one.
Louisiana declined by five rigs, Oklahoma decreased by two and New Mexico and North Dakota
were down by one apiece.
were down by one apiece.
Arkansas, California, Colorado, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were all
unchanged.
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, August 4, 2017
China has given India the ultimatum to leave China's border.
http://www.hindustantimes.com/india-news/chinese-social-media-abuzz-with-statements-on-doklam-standoff-warning-india-to-pull-back/story-aMXRzigv5sTkykUVus2AkN.html
We did mention in our previous post that a border war was likely to break out in August if India didn't retreat from China's border.
http://sg-stock.blogspot.sg/2017/07/china-may-attack-india-in-august-if.html
India is asking for troubles. Many Indians will die if India doesn't retreat.
We did mention in our previous post that a border war was likely to break out in August if India didn't retreat from China's border.
http://sg-stock.blogspot.sg/2017/07/china-may-attack-india-in-august-if.html
India is asking for troubles. Many Indians will die if India doesn't retreat.
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.
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