https://www.theguardian.com/world/2017/oct/15/truck-bomb-mogadishu-kills-people-somalia
A truck bomb had just killed more than 300 people in Somalia last Saturday but not many news media reported it.
Whether the victims are black, white, yellow or brown, we must express abhorrence towards such terrorism of killing innocent lives.
Tuesday, October 17, 2017
Monday, October 16, 2017
Our PM Lee still thinks that the Tuas mega port will boost Singapore as a maritime hub!
http://www.businesstimes.com.sg/transport/tuas-mega-port-will-boost-singapore-as-a-maritime-hub-pm-lee
Our PM Lee negates the Melaka Gateway impacts on SG port and also disregards the China port alliance which bypasses SG.
China also took over the Gwadar port in Pakistan from SG and this would definitely impact SG. We fought so hard to get the Gwadar port under SG control because it was strategically located.
http://sg-stock.blogspot.sg/2016/10/singapore-was-no-match-for-china-in.html
All these are omitted from PM Lee's speech. Therefore, I would DISAGREE totally with his analysis.
Our PM Lee negates the Melaka Gateway impacts on SG port and also disregards the China port alliance which bypasses SG.
China also took over the Gwadar port in Pakistan from SG and this would definitely impact SG. We fought so hard to get the Gwadar port under SG control because it was strategically located.
http://sg-stock.blogspot.sg/2016/10/singapore-was-no-match-for-china-in.html
All these are omitted from PM Lee's speech. Therefore, I would DISAGREE totally with his analysis.
New downturn MRT open house encountered service disruptions.
http://www.todayonline.com/singapore/train-delay-blights-downtown-line-open-house
We cannot even make our MRT work properly nowadays!
The top management always blames the lower ranked employees for not doing the job well.
If you've been living in China, you will know that China MRTs carry more people than SG but they won't break down like our MRTs.
How can we expect to have a proper working KL-SG HSR?
We cannot even make our MRT work properly nowadays!
The top management always blames the lower ranked employees for not doing the job well.
If you've been living in China, you will know that China MRTs carry more people than SG but they won't break down like our MRTs.
How can we expect to have a proper working KL-SG HSR?
North Korea and South Korea won't hold talks in Russia.
https://sg.finance.yahoo.com/news/north-korea-not-ready-hold-talks-south-korea-092549896.html
It is not surprising that NK is unwilling to talk to SK. We did state the reason for this impasse in our previous posting below.
https://sg-stock.blogspot.sg/2017/09/south-korea-seeks-russias-help-to.html
It is not surprising that NK is unwilling to talk to SK. We did state the reason for this impasse in our previous posting below.
https://sg-stock.blogspot.sg/2017/09/south-korea-seeks-russias-help-to.html
Global inflation is coming because China PPI is spiking!
https://sg.finance.yahoo.com/news/china-september-producer-prices-jump-most-six-months-023245562--finance.html
China PPI rose 6.9% in September year-on-year! It is only a matter of time that China will export inflation to the world. Therefore, it is right for FED to raise interest rate in December.
China PPI rose 6.9% in September year-on-year! It is only a matter of time that China will export inflation to the world. Therefore, it is right for FED to raise interest rate in December.
China's economy is powering ahead with an estimate of 7% in H2.
https://sg.finance.yahoo.com/news/chinas-pboc-chief-sees-7-percent-gdp-growth-034417545--business.html
It's nice to see China powering ahead with good economic growth because China is our largest trading partner. SG can just ride on China's prosperity and prosper together.
Cheers!
It's nice to see China powering ahead with good economic growth because China is our largest trading partner. SG can just ride on China's prosperity and prosper together.
Cheers!
Saturday, October 14, 2017
OMG! Apple Iphones may be banned in China!
https://www.theverge.com/2017/10/13/16472908/qualcomm-iphone-sales-ban-lawsuit-china
Qualcomm has applied to a China court to ban Iphones in China. If this injunction gets passed, Apple stock prices will crash because China is Apple's largest market outside the USA.
Qualcomm has applied to a China court to ban Iphones in China. If this injunction gets passed, Apple stock prices will crash because China is Apple's largest market outside the USA.
Bitcoin trading analysis!
Why was there a rumour that China would resume bitcoin trading soon?
http://sg-stock.blogspot.sg/2017/10/bitcoin-soars-to-all-time-high.html
The reason is simple: The Japanese investors are trying to cash out by making the bitcoin prices spike higher.
If you look at the historical events in bitcoin trading, you would realize that the USA started trading bitcoins at less than $1000. Thereafter, the Chinese traded bitcoins at $1000+ and cashed out at $4000+ because of China regulations. Then, Japan legalized bitcoin trading and the Japanese traded bitcoins at around $4000+. Therefore, the Japanese investors have to make the bitcoins trade higher so that they can cash out. This is akin to the passing of the baton game and the last guy who holds the baton will get the penalty.
http://sg-stock.blogspot.sg/2017/10/bitcoin-soars-to-all-time-high.html
The reason is simple: The Japanese investors are trying to cash out by making the bitcoin prices spike higher.
If you look at the historical events in bitcoin trading, you would realize that the USA started trading bitcoins at less than $1000. Thereafter, the Chinese traded bitcoins at $1000+ and cashed out at $4000+ because of China regulations. Then, Japan legalized bitcoin trading and the Japanese traded bitcoins at around $4000+. Therefore, the Japanese investors have to make the bitcoins trade higher so that they can cash out. This is akin to the passing of the baton game and the last guy who holds the baton will get the penalty.
Baltic dry index - 1485
Today, Friday, October 13 2017, the Baltic Dry Index climbed by 27 points, reaching 1485 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 - 928
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by eight this week to 928.
That's up from the 539 rigs that were active a year ago.
Houston oilfield services company Baker Hughes said Friday that 743 rigs sought oil and 185 explored for natural gas this week.
Among major oil- and gas-producing states, Alaska, Kansas, North Dakota and Pennsylvania each gained one rig.
Texas lost four rigs, Oklahoma declined by three, California lost two and Louisiana and West Virginia each declined by one.
Arkansas, Colorado, New Mexico, Ohio, Utah and Wyoming were 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, October 13, 2017
The troublemaker, USA, lost the war in Syria to Russia.
http://www.newsweek.com/us-lost-war-syria-iran-russia-winning-final-battle-674833
Who and what started the war in Syria in the first place?
The USA was the one who created the war in Syria by trying to topple the Syrian government. Then, it roped the UK into the tussle against Syria to gain a stronger foothold. The USA & UK were trying to control the Middle East by establishing more proxies but the Russian thwarted the plan. In the end, it was the Russian who managed to gain control of Syria. The USA and UK can no longer decide on Syria today because of the Russian's intervention.
In a nutshell, the USA, UK and Russia are the countries that created the mess in Syria for their own political interests.
China knew exactly what was going on in Syria and censured the UK in the UN. The UK couldn't rebut China because it was guilty as charged.
http://www.china-un.org/eng/hyyfy/t1452588.htm
Quote:
"Lastly, I should like to point out once again that it is totally unacceptable for the British representative to publicly distort the solemn position of another country in the Council Chamber. His logic is untenable. We hope that, on the issue of chemical weapons, on which the international community is in consensus, he will stop using the Security Council in an abusive manner for his own political purposes, as that is not in the interest of the Syrian people, and that, in the future, the British representative will refrain from such practices."
End Quote.
Who and what started the war in Syria in the first place?
The USA was the one who created the war in Syria by trying to topple the Syrian government. Then, it roped the UK into the tussle against Syria to gain a stronger foothold. The USA & UK were trying to control the Middle East by establishing more proxies but the Russian thwarted the plan. In the end, it was the Russian who managed to gain control of Syria. The USA and UK can no longer decide on Syria today because of the Russian's intervention.
In a nutshell, the USA, UK and Russia are the countries that created the mess in Syria for their own political interests.
China knew exactly what was going on in Syria and censured the UK in the UN. The UK couldn't rebut China because it was guilty as charged.
http://www.china-un.org/eng/hyyfy/t1452588.htm
Quote:
"Lastly, I should like to point out once again that it is totally unacceptable for the British representative to publicly distort the solemn position of another country in the Council Chamber. His logic is untenable. We hope that, on the issue of chemical weapons, on which the international community is in consensus, he will stop using the Security Council in an abusive manner for his own political purposes, as that is not in the interest of the Syrian people, and that, in the future, the British representative will refrain from such practices."
End Quote.
ECB is concerned about cryptocurrency and may take action against it.
https://uk.reuters.com/article/us-eu-bitcoin-mersch/ecb-concerned-virtual-currencies-may-not-be-sufficiently-guaranteed-idUKKBN1CI13V
China, South Korea and Russia have taken actions against cryptocurrency. Europe will be joining the foray against cryptocurrency soon.
China, South Korea and Russia have taken actions against cryptocurrency. Europe will be joining the foray against cryptocurrency soon.
SPH is shutting down Asiaone website.
https://sg.news.yahoo.com/sph-news-aggregator-site-asiaone-close-090754309.html
SPH doesn't know how to grow its web media business despite having a complete monopoly in Singapore. Therefore, it is resorting to cutting manpower, closing down money-losing operation and venturing into the property business.
When SPH is ranked no. 151 out of 180 in the world press freedom ranking in 2017, it is hard to impose a subscription on readers as readers can read better quality news online for free.
https://rsf.org/en/ranking
SPH doesn't know how to grow its web media business despite having a complete monopoly in Singapore. Therefore, it is resorting to cutting manpower, closing down money-losing operation and venturing into the property business.
When SPH is ranked no. 151 out of 180 in the world press freedom ranking in 2017, it is hard to impose a subscription on readers as readers can read better quality news online for free.
https://rsf.org/en/ranking
Bitcoin soars to an all time high!
http://www.marketwatch.com/story/bitcoin-soars-to-a-new-all-time-high-above-5100-2017-10-12?siteid=yhoof2&yptr=yahoo
This is obviously the work of someone or a syndicate spreading a rumour that China will allow bitcoin trading to resume soon which sparks the spike in bitcoin price.
China will never do a policy u-turn in such a short time.
Bitcoin is just a manipulated commodity by a small group of people.
This is obviously the work of someone or a syndicate spreading a rumour that China will allow bitcoin trading to resume soon which sparks the spike in bitcoin price.
China will never do a policy u-turn in such a short time.
Bitcoin is just a manipulated commodity by a small group of people.
Apple is facing significant headwinds for its flagship Iphones!
https://finance.yahoo.com/news/iphone-8-already-sold-discount-china-154113017.html
China has started to offer discounts for Iphone 8 due to the poor sales and people are doubtful about the Iphone X now.
Apple is in troubles now! It will drag its suppliers down too.
China has started to offer discounts for Iphone 8 due to the poor sales and people are doubtful about the Iphone X now.
Apple is in troubles now! It will drag its suppliers down too.
Great news! Singapore is growing exceptionally strong in the 3rd quarter.
http://www.channelnewsasia.com/news/singapore/strong-manufacturing-drives-singapore-gdp-growth-to-4-6-in-q3-9304566
SG is growing strongly at 4.6% in Q3 year-on-year compared to 2.4% in Q2.
Hopefully, this year will be a better year than last year. Cheers!
SG is growing strongly at 4.6% in Q3 year-on-year compared to 2.4% in Q2.
Hopefully, this year will be a better year than last year. Cheers!
UK is poignant that China values the USA more.
https://www.usnews.com/news/world/articles/2017-10-06/uk-pm-may-postpones-trip-to-china-to-avoid-timetable-clash-with-trump-sky
The UK has to visit China to get more trade deals because of its own Brexit. However, it is feeling poignant that China chooses to entertainment the USA instead of the UK in November 2017.
Therefore, the UK is postponing the China trip. However, it has offered a good faith gesture to China by not conducting freedom of navigation in South China Sea as it badly needs more trade deals.
http://en.people.cn/n3/2017/1012/c90000-9279266.html
We can tell from this that everything in this world is about politics and money. The UK always encourages independence in other states or countries. For example, the UK supports Tibet independence, Taiwan independence and HK independence. However, when it comes to Scotland independence, the UK doesn't allow it. This just goes to show that the UK is nothing but just a hypocrite.
The UK has to visit China to get more trade deals because of its own Brexit. However, it is feeling poignant that China chooses to entertainment the USA instead of the UK in November 2017.
Therefore, the UK is postponing the China trip. However, it has offered a good faith gesture to China by not conducting freedom of navigation in South China Sea as it badly needs more trade deals.
http://en.people.cn/n3/2017/1012/c90000-9279266.html
We can tell from this that everything in this world is about politics and money. The UK always encourages independence in other states or countries. For example, the UK supports Tibet independence, Taiwan independence and HK independence. However, when it comes to Scotland independence, the UK doesn't allow it. This just goes to show that the UK is nothing but just a hypocrite.
Thursday, October 12, 2017
Physics 101 - All objects will fall to the ground at the same time.
In physics, we learnt that all objects would fall to the ground at the same time. However, we realized that it was impossible in the real world. Scientists had proven the laws of physics in a controlled environment whereby there's no air resistance to affect the falling objects.
When there's no air resistance, objects really fall to the ground at the same time regardless of weight and shape because the same gravity is acting on the objects.
Another investment trust to delist from SGX!
http://www.businesstimes.com.sg/real-estate/indiabulls-properties-investment-trust-gets-takeover-offer-of-90-s-cents-apiece
SGX is losing its clients faster than it can attract new clients. Genting HK, Global Logistics and Indiabulls Properties are all leaving SGX.
SGX is losing its clients faster than it can attract new clients. Genting HK, Global Logistics and Indiabulls Properties are all leaving SGX.
The USA has proven itself to be lacking in credibility
https://sg.finance.yahoo.com/news/trump-expected-decertify-iran-nuclear-030700035.html
Trump has reinforced the common global perspective about USA's credibility. There is no point in signing any contract with the USA government because it can renege on its contractual obligations at its whims and fancies.
No wonder the North Korea doesn't trust the USA. There is no way that the Korea peninsula crisis can be resolved without trust.
Trump has reinforced the common global perspective about USA's credibility. There is no point in signing any contract with the USA government because it can renege on its contractual obligations at its whims and fancies.
No wonder the North Korea doesn't trust the USA. There is no way that the Korea peninsula crisis can be resolved without trust.
How will the Kobe steel scandal affect you?
https://www.theguardian.com/business/2017/oct/11/japan-kobe-steel-scandal-ford-toyota-honda-mazda-boeing
If you drive a Japanese car or take a Japan made MRT, you better watch out.
The low quality steels have been used in cars, aircrafts, space rockets, trains and defence equipment. There are many steel grades and Kobe falsified data about the strength and durability of such steels for approvals to be used.
Consumer safety has been compromised!
If you drive a Japanese car or take a Japan made MRT, you better watch out.
The low quality steels have been used in cars, aircrafts, space rockets, trains and defence equipment. There are many steel grades and Kobe falsified data about the strength and durability of such steels for approvals to be used.
Consumer safety has been compromised!
Wednesday, October 11, 2017
Russia accuses the USA of condoning ISIS in Syria.
https://sg.news.yahoo.com/russia-says-islamic-state-operates-near-u-syria-092515410.html
This is not surprising and unexpected as the USA has been grooming terrorists in the Middle East especially when Hillary Clinton was the secretary of state.
Saddem and Osama used to be close allies of the USA in the past. The USA started to wipe them out when it lost control of the terrorists. Many of the terrorists were trained by the USA and armed with USA weapons.
This is not surprising and unexpected as the USA has been grooming terrorists in the Middle East especially when Hillary Clinton was the secretary of state.
Saddem and Osama used to be close allies of the USA in the past. The USA started to wipe them out when it lost control of the terrorists. Many of the terrorists were trained by the USA and armed with USA weapons.
I like Warren Buffett's view on cryptocurrency. How about you?
How did Warren Buffett view cryptocurrency?
Warren Buffett viewed cryptocurrency as a means of money transfer and not real money. This is also his reason for not investing in cryptocurrency. His rationale behind cryptocurrency is substantiated by his financial background and investment experiences and he uses a simple analogy to explain the cryptocurrency.
His analogy:
Cryptocurrency is just a means of money transfer which is similar to a conventional cheque. A cheque is also a means of money transfer. How much would you pay for a cheque then? He said he couldn't understand the rationale for other people wanting to pay so much for a cryptocurrency just for money transfer. There is no real use for a cryptocurrency and it doesn't yield any dividend at all.
We really need a savvy billionaire like him to jolt us back from our dreamland to the reality. Even an ex-IMF economist doesn't have faith in cryptocurrency.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
Warren Buffett viewed cryptocurrency as a means of money transfer and not real money. This is also his reason for not investing in cryptocurrency. His rationale behind cryptocurrency is substantiated by his financial background and investment experiences and he uses a simple analogy to explain the cryptocurrency.
His analogy:
Cryptocurrency is just a means of money transfer which is similar to a conventional cheque. A cheque is also a means of money transfer. How much would you pay for a cheque then? He said he couldn't understand the rationale for other people wanting to pay so much for a cryptocurrency just for money transfer. There is no real use for a cryptocurrency and it doesn't yield any dividend at all.
We really need a savvy billionaire like him to jolt us back from our dreamland to the reality. Even an ex-IMF economist doesn't have faith in cryptocurrency.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
Tuesday, October 10, 2017
Russia to ban cryptocurrency trading after China.
https://sg.finance.yahoo.com/news/russian-central-bank-ban-websites-offering-crypto-currencies-084024434--business.html
This will definitely reduce money laundering for Russian. Cryptocurrencies are mostly used for money laundering instead of proper commercial transactions. Therefore, it will be a matter of time for cryptocurrencies to implode in the future.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
This will definitely reduce money laundering for Russian. Cryptocurrencies are mostly used for money laundering instead of proper commercial transactions. Therefore, it will be a matter of time for cryptocurrencies to implode in the future.
https://www.coindesk.com/ex-imf-economist-kenneth-rogoff-joins-bitcoin-will-collapse-chorus/
China won the contract to build MRT in Singapore.
https://sg.news.yahoo.com/china-railway-tunnel-wins-311-million-contract-build-circle-line-6-station-094802082.html
Look like our PM Lee has shown goodwill gesture towards China after visiting China in September 2017.
Is this a prelude to the KL-SG HSR contract to China? China has not responded to our KL-SG invitation insofar.
http://sg-stock.blogspot.sg/2017/09/why-is-china-so-blase-about-singapore.html
Look like our PM Lee has shown goodwill gesture towards China after visiting China in September 2017.
Is this a prelude to the KL-SG HSR contract to China? China has not responded to our KL-SG invitation insofar.
http://sg-stock.blogspot.sg/2017/09/why-is-china-so-blase-about-singapore.html
Malaysia to impose S$8 VEP on SG cars.
https://sg.news.yahoo.com/foreign-registered-vehicles-soon-pay-s8-enter-malaysia-084713445.html
This new VEP of S$8 is on top of the 20ringgit imposed on SG cars earlier.
We did state clearly in our previous posting that Malaysia won't be so accommodative towards SG anymore. Please read our posting below.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
This new VEP of S$8 is on top of the 20ringgit imposed on SG cars earlier.
We did state clearly in our previous posting that Malaysia won't be so accommodative towards SG anymore. Please read our posting below.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Monday, October 9, 2017
Sigh! Another big market capitalisation stock will delist from SGX after Genting HK.
http://www.businesstimes.com.sg/companies-markets/global-logistic-gets-sgx-nod-aims-to-be-delisted-by-april-14-2018
GLP will delist next year. SGX has been losing quite a number of big clients because it is losing its competitiveness due to low liquidity. Low liquidity stock exchange will not yield a high valuation for a listing company.
SGX always attracts mid-size companies to list on its stock exchange while bigger ones prefer to list on HKEX and US stock exchanges.
GLP will delist next year. SGX has been losing quite a number of big clients because it is losing its competitiveness due to low liquidity. Low liquidity stock exchange will not yield a high valuation for a listing company.
SGX always attracts mid-size companies to list on its stock exchange while bigger ones prefer to list on HKEX and US stock exchanges.
Indian women was gang raped at gun point in front of her hubby and baby.
http://indiatoday.intoday.in/story/woman-alleges-gangrape-at-gunpoint-muzaffarnagar-uttar-pradesh/1/1063401.html
India is really a rapist paradise. This is really disgusting!
India is really a rapist paradise. This is really disgusting!
The UK prepares for war with North Korea.
https://sg.news.yahoo.com/britain-apos-prepares-war-north-031737023.html
Was this the storm that Trump was talking about?
http://sg-stock.blogspot.sg/2017/10/hot-news-trump-calm-before-storm.html
The UK is a close ally of the USA. Therefore, the UK is privy to any decision from the USA.
This Korean peninsula war won't be a simple war because too many countries are involved.
China, Russia, North Korea, South Korea, Japan, USA and UK will be involved in this Korean war. OMG!
Was this the storm that Trump was talking about?
http://sg-stock.blogspot.sg/2017/10/hot-news-trump-calm-before-storm.html
The UK is a close ally of the USA. Therefore, the UK is privy to any decision from the USA.
This Korean peninsula war won't be a simple war because too many countries are involved.
China, Russia, North Korea, South Korea, Japan, USA and UK will be involved in this Korean war. OMG!
Turkey and USA are at loggerheads now.
https://sg.news.yahoo.com/us-turkey-mutually-suspend-visa-services-032403342.html
The USA's support for the Turds has got on the Turkey's nerves and also pushes Turkey closer to Russia.
Turkey is a NATO member whereby NATO is controlled by the USA.
Let's see how this will pan out.
The USA's support for the Turds has got on the Turkey's nerves and also pushes Turkey closer to Russia.
Turkey is a NATO member whereby NATO is controlled by the USA.
Let's see how this will pan out.
Saturday, October 7, 2017
Hot news! Trump: "The calm before the storm."
Is Trump insinuating that he will start the NK war soon? Stock markets will crash big time because of the NK war!
Maybe he will impose harsher sanctions against Iran which is a bigger threat to the USA than NK.
Let's see.
Iphone 8 batteries swelling problem is real!
https://in.news.yahoo.com/apple-looking-iphone-8-batteries-swelling-044603544.html
More than half a dozen cases reported in Japan, Taiwan, China, Canada & Greece. This will definitely impact Iphone 8 sales.
Apple shares price will get dicey.
More than half a dozen cases reported in Japan, Taiwan, China, Canada & Greece. This will definitely impact Iphone 8 sales.
Apple shares price will get dicey.
Sigh! The North Korea rocket man may conduct missile test again!
https://sg.news.yahoo.com/north-korea-preparing-long-range-missile-test-ria-044934551.html
This is to retaliate against the USA for the new sanctions against NK.
NK fat boy knows that the USA won't dare to attack NK. Therefore, he is continuing his missile launching game.
This is to retaliate against the USA for the new sanctions against NK.
NK fat boy knows that the USA won't dare to attack NK. Therefore, he is continuing his missile launching game.
Baltic dry index - 1405
oday, Friday, October 06 2017, the Baltic Dry Index climbed by 23 points, reaching 1405 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 - 936
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 936.
That's up from the 524 rigs that were active a year ago.
Houston oilfield services company Baker Hughes said Friday that 748 rigs sought oil and 187 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, Oklahoma gained three rigs and Colorado added one.
Texas lost three rigs, Pennsylvania and Wyoming lost two each, and Louisiana shed one rig.
Alaska, Arkansas, California, New Mexico, North Dakota, Ohio, Utah and West Virginia were 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, October 6, 2017
Please vote on our HSR poll.
We would like to know our readers' response to the KL-SG HSR ticket price.
Please vote on our HSR poll.
Please vote on our HSR poll.
KL-SG HSR ticket price will be around $60-$65 for a single trip.
https://www.theedgesingapore.com/one-way-ticket-kl-sg-hsr-could-cost-60-65-iseas
OMG! That's really expensive as a return trip will cost $120-$130 per pax. I don't think a Singapore family will travel to KL often for leisure purpose because of the high price.
A Singaporean family of 4 will cost around $500.
OMG! That's really expensive as a return trip will cost $120-$130 per pax. I don't think a Singapore family will travel to KL often for leisure purpose because of the high price.
A Singaporean family of 4 will cost around $500.
China has boosted its air power with the 5th generation J-20.
http://fortune.com/2017/09/28/china-chengdu-j-20-stealth-fighter-jet/
The touted J20 is in service now in China air force. This will boost its air power and will counter the USA F-35 in Japan and South Korea.
The touted J20 is in service now in China air force. This will boost its air power and will counter the USA F-35 in Japan and South Korea.
Thursday, October 5, 2017
Wednesday, October 4, 2017
Genting HK is delisting from SGX.
http://www.businesstimes.com.sg/companies-markets/genting-hk-to-delist-from-sgx-retain-single-primary-listing-in-hong-kong
This is a company with a market capitalization of about S$2.9B. SGX has lost another big client. SGX really cannot compete with HKEX.
This is a company with a market capitalization of about S$2.9B. SGX has lost another big client. SGX really cannot compete with HKEX.
Catalonia will announce independence soon after successfully breaking away from Spain.
https://sg.finance.yahoo.com/news/catalonia-apos-leader-apos-declare-051800633.html
This is definitely not good news for Europe because it will set an example for others to follow. Scotland has been trying to break away from UK and will want to follow Catalonia.
Ireland, France and Italy will also face increased pressures from separatists in their own countries.
This is definitely not good news for Europe because it will set an example for others to follow. Scotland has been trying to break away from UK and will want to follow Catalonia.
Ireland, France and Italy will also face increased pressures from separatists in their own countries.
Tuesday, October 3, 2017
China will be replacing WIFI with LIFI soon.
http://en.people.cn/n3/2017/1003/c202936-9276460.html
Wifi will be outdated soon and wifi chips in computers, routers and mobile phones will become obsolete.
China has achieved another breakthrough in technology and everyone will be using LIFI soon.
Wifi will be outdated soon and wifi chips in computers, routers and mobile phones will become obsolete.
China has achieved another breakthrough in technology and everyone will be using LIFI soon.
Kevin Warsh is slated to replace Janet Yellen as FED Chair.
https://www.cnbc.com/2017/10/02/fed-chair-favorite-warsh-believes-central-bank-is-slave-of-the-sp.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104746283&yptr=yahoo
This man is more hawkish than Janet Yellen and he will want to end the QE much faster than Yellen as he sees that FED is being held hostage by the stock market.
This man is more hawkish than Janet Yellen and he will want to end the QE much faster than Yellen as he sees that FED is being held hostage by the stock market.
USA gunman fired a machine gun at the crowd below the Mandalay Hotel.
https://www.nytimes.com/2017/10/02/us/las-vegas-shooting.html
This is definitely an act of terrorism. The white man was shooting from the 32nd floor of Mandalay Hotel. He mounted his machine gun in the hotel room and fired at the crowd below. Up till date, about 59 died in this shooting craze.
This is definitely an act of terrorism. The white man was shooting from the 32nd floor of Mandalay Hotel. He mounted his machine gun in the hotel room and fired at the crowd below. Up till date, about 59 died in this shooting craze.
Spain police attacked referendum voters!
Apple is reporting bad sales for Iphone 8 and 8 plus in China, HK and India.
http://indianexpress.com/article/technology/iphone-8/lack-of-innovation-high-prices-discouraging-people-from-buying-iphones-4870685/
https://www.cnet.com/news/china-no-crowds-apple-stores-iphone-8-launch/
Some analysts attribute the poor sales to the upcoming Iphone X sales launch. If the Iphone X sales launch is also bad, Apple and its suppliers' stock prices will fall again.
https://www.cnet.com/news/china-no-crowds-apple-stores-iphone-8-launch/
Some analysts attribute the poor sales to the upcoming Iphone X sales launch. If the Iphone X sales launch is also bad, Apple and its suppliers' stock prices will fall again.
Monday, October 2, 2017
The Chinese who hated China would always emigrate to the USA.
https://www.nytimes.com/2017/10/01/business/facebook-china-guo-wengui.html?mcubz=3
This is the same with Amos Yee who hates Singapore. All these people will take up the USA citizenships and badmouth their own countries of origin when they're no longer in their birthplaces.
Therefore, not all Chinese Americans are pro-China and most of them are not China spies.
This is the same with Amos Yee who hates Singapore. All these people will take up the USA citizenships and badmouth their own countries of origin when they're no longer in their birthplaces.
Therefore, not all Chinese Americans are pro-China and most of them are not China spies.
Spain is breaking up.
http://www.marketwatch.com/story/catalonia-leader-with-90-approval-we-have-the-right-to-be-independent-2017-10-01?siteid=yhoof2&yptr=yahoo
This comes after Iraq break-up. This Spain break-up doesn't bode well for Europe because Spain is not doing well now and will become weaker. Catalonia constitutes 10% of Spain's population but 20% of Spain's economy. Spain will drag Europe down.
This comes after Iraq break-up. This Spain break-up doesn't bode well for Europe because Spain is not doing well now and will become weaker. Catalonia constitutes 10% of Spain's population but 20% of Spain's economy. Spain will drag Europe down.
Sunday, October 1, 2017
Bad Iphone sales launch in China.
Saturday, September 30, 2017
The same F1 event but different views and outcomes.
http://www.todayonline.com/singapore/singapore-f1-deal-extended-another-four-years
Singapore has extended F1 for another 4 years. Singapore government sees an economic value in the F1 event because it has a multiplier effect on SG such as boosting the hotel, retail and F&B businesses.
http://www.thestar.com.my/business/business-news/2017/09/30/malaysia-does-not-want-to-host-formula-one-even-if-it-was-given-free/
However, Malaysia doesn't want to host F1 despite having a proper race track. Malaysian government sees no entertainment value in the F1 event because there is no consumer gratification in sitting down to watch the F1 and also a huge cost involved in organising it.
Who is right? and What is right? Economic vs Entertainment value!
Singapore has extended F1 for another 4 years. Singapore government sees an economic value in the F1 event because it has a multiplier effect on SG such as boosting the hotel, retail and F&B businesses.
http://www.thestar.com.my/business/business-news/2017/09/30/malaysia-does-not-want-to-host-formula-one-even-if-it-was-given-free/
However, Malaysia doesn't want to host F1 despite having a proper race track. Malaysian government sees no entertainment value in the F1 event because there is no consumer gratification in sitting down to watch the F1 and also a huge cost involved in organising it.
Who is right? and What is right? Economic vs Entertainment value!
China's manufacturing and services are growing well.
http://abcnews.go.com/International/wireStory/official-survey-china-factory-activity-rises-year-high-50193525
China official PMI rose to 52.4 in September compared to 51.7 in August. 50 is the dividing line between growth and contraction.
However, the private Caixin PMI slipped to 51 from 51.6 but it was still showing growth albeit diminishing growth.
The non-manufacturing or services index rose to 55.4 in September from 53.4 in August.
These indexes show that China economic growth is stable and growing gradually.
China official PMI rose to 52.4 in September compared to 51.7 in August. 50 is the dividing line between growth and contraction.
However, the private Caixin PMI slipped to 51 from 51.6 but it was still showing growth albeit diminishing growth.
The non-manufacturing or services index rose to 55.4 in September from 53.4 in August.
These indexes show that China economic growth is stable and growing gradually.
South Korea bans initial coin offering (ICO) after China.
https://finance.yahoo.com/news/south-korea-bans-forms-initial-025033448.html
SK has joined China in banning ICOs.
Bitcoin or virtual currency is a flawed concept.
http://sg-stock.blogspot.sg/2017/08/death-knell-for-virtual-currency-is.html
When this virtual currency scam is over, many people will be burnt heavily. Sigh!
SK has joined China in banning ICOs.
Bitcoin or virtual currency is a flawed concept.
http://sg-stock.blogspot.sg/2017/08/death-knell-for-virtual-currency-is.html
When this virtual currency scam is over, many people will be burnt heavily. Sigh!
Baltic dry index - 1356
Today, Friday, September 29 2017, the Baltic Dry Index decreased by 35 points, reaching 1356 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 - 940
The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 940.
That's up from the 522 rigs that were active a year ago.
Houston oilfield services company Baker Hughes said Friday that 750 rigs sought oil and 189 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, Utah gained four rigs and Louisiana increased by two. New Mexico and North Dakota each gained one.
Oklahoma lost three rigs and Texas shed two.
Alaska, Arkansas, California, Colorado, Ohio, Pennsylvania, West Virginia and Wyoming were 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.
North Korea radar is no longer working due to shortage of electricity.
http://english.yonhapnews.co.kr/news/2017/09/26/0200000000AEN20170926005251315.html
NK had no military action against US bomber flight recently.
The lack of energy is really thwarting NK's defence system. Therefore, the USA doesn't need to use F35 against NK as the situation in NK is getting dire without oil imports.
NK had no military action against US bomber flight recently.
The lack of energy is really thwarting NK's defence system. Therefore, the USA doesn't need to use F35 against NK as the situation in NK is getting dire without oil imports.
Another bad news for Iphone 8.
https://finance.yahoo.com/news/two-iphone-8-battery-incidents-already-reported-don-162021486.html
Iphone 8 battery is defective and will swell up to crack the Iphone.
Buyers beware!
Iphone 8 battery is defective and will swell up to crack the Iphone.
Buyers beware!
Friday, September 29, 2017
India is heading towards a hard landing.
https://sg.finance.yahoo.com/news/indias-flagging-economy-draws-dire-022358211.html
The belligerent India is heading towards a hard landing. Instead of focusing on developing its economy, India prefers to fight with its neighbours and waste unnecessary military spending on buying military weapons.
We did give a precursory warning on India recently.
http://sg-stock.blogspot.sg/2017/09/india-economic-growth-is-declining.html
The belligerent India is heading towards a hard landing. Instead of focusing on developing its economy, India prefers to fight with its neighbours and waste unnecessary military spending on buying military weapons.
We did give a precursory warning on India recently.
http://sg-stock.blogspot.sg/2017/09/india-economic-growth-is-declining.html
Venezuela president is urging its military to get ready for USA invasion!
https://www.rt.com/news/404791-maduro-tanks-threats-us/
The USA is creating troubles again! This time is with Venezuela.
We did post about this in our previous posting.
http://sg-stock.blogspot.sg/2017/09/usa-is-trying-to-topple-venezuela.html
The USA is creating troubles again! This time is with Venezuela.
We did post about this in our previous posting.
http://sg-stock.blogspot.sg/2017/09/usa-is-trying-to-topple-venezuela.html
Thursday, September 28, 2017
Nokia 3310 is available in 3G now! Yeah!
http://www.channelnewsasia.com/news/singapore/new-nokia-3310-3g-to-be-available-in-singapore-from-october-9258376
This Nokia 3310 is 3G ready which is different from the Nokia 3310 in other countries because the other Nokia 3310 model is only 2G ready which is unusable in Singapore.
It's a great phone for elderly. Heehee!
This Nokia 3310 is 3G ready which is different from the Nokia 3310 in other countries because the other Nokia 3310 model is only 2G ready which is unusable in Singapore.
It's a great phone for elderly. Heehee!
KGI Fraser is dead wrong about the FED staying put on the interest rate in December 2017.
I extracted this from KGI Fraser research report on 25 September 2017.
I believe KGI is wrong in its analysis and the analyst should be fired for the singularity thinking that is primarily focused on inflation.
Fed Chair Janet Yellen has indicated a very hawkish stance on future interest rate hikes in her latest speech. I predict that the FED will hike interest rate in December and nothing will stop her from doing so unless a war breaks out.
Fed Chair Janet Yellen has indicated a very hawkish stance on future interest rate hikes in her latest speech. I predict that the FED will hike interest rate in December and nothing will stop her from doing so unless a war breaks out.
The US interest rate hike in December 2017 is a fait accompli.
FED Chair Janet Yellen said recently that she and her colleagues had misjudged and adopted the wrong monetary policies based on the FED preferred inflation target of 2%. Therefore, she would continue to gradually increase the interest rates in the future to rectify the mishandling of the economy and disregard the unachievable 2% inflation rate.
Now, we have another Fed governor supporting her.
http://www.marketwatch.com/story/feds-rosengren-backs-regular-and-gradual-interest-rate-hikes-2017-09-27?siteid=yhoof2&yptr=yahoo
Now, we have another Fed governor supporting her.
http://www.marketwatch.com/story/feds-rosengren-backs-regular-and-gradual-interest-rate-hikes-2017-09-27?siteid=yhoof2&yptr=yahoo
Trump US$5t tax plan won't get passed.
Why the US$5T tax plan won't get passed? The Senate budget committee has a policy not to increase the national debt by US$1.5T in the next decade. Therefore, the US$5T is way above this incremental limit. Trump has to cut his tax plan by US$3.5T and he doesn't know how to cut it.
https://www.thestar.com/news/world/2017/09/27/trump-republicans-propose-5-trillion-tax-plan-cuts-to-individual-and-corporate-rates.html
https://www.thestar.com/news/world/2017/09/27/trump-republicans-propose-5-trillion-tax-plan-cuts-to-individual-and-corporate-rates.html
Middle East will get messier now because the Turds voted for independence.
http://www.bbc.com/news/world-middle-east-41419633
Turds, supported by the USA, carried out a referendum and voted for independence. This referendum has definitely angered Turkey and Iran. Both have moved their military forces to the border and also conducted joint-military exercise.
The USA has lost control of the Turds as the Turds have defied the USA. This is the same situation with the terrorists. The terrorists were also groomed by the USA in the past and the USA lost control of the terrorists in the end.
http://www.presstv.ir/Detail/2017/09/25/536458/Iraq-Turkey-army-military-drills-referendum-independence-KRG-Kurdish-region
Turds, supported by the USA, carried out a referendum and voted for independence. This referendum has definitely angered Turkey and Iran. Both have moved their military forces to the border and also conducted joint-military exercise.
The USA has lost control of the Turds as the Turds have defied the USA. This is the same situation with the terrorists. The terrorists were also groomed by the USA in the past and the USA lost control of the terrorists in the end.
http://www.presstv.ir/Detail/2017/09/25/536458/Iraq-Turkey-army-military-drills-referendum-independence-KRG-Kurdish-region
Wednesday, September 27, 2017
Tuesday, September 26, 2017
Apple suppliers' stocks are falling by at least 10%.
https://www.bloomberg.com/news/articles/2017-09-25/iphone-disappointment-hammers-suppliers-fuels-taiwan-outflows
We did warn about such stock impacts on Apple's suppliers and manufacturers.
http://sg-stock.blogspot.sg/2017/09/iphone-8-sales-launch-is-disappointing.html
There was a report on Apple demanding its suppliers to scale back on Apple's supplies in view of the lacklustre sales.
http://bgr.com/2017/09/25/iphone-x-release-date-supply/
Apple shares also have fallen from its peak.
https://www.cnbc.com/2017/09/25/apples-iphone-x-pulls-shares-down-with-low-supply.html
We did warn about such stock impacts on Apple's suppliers and manufacturers.
http://sg-stock.blogspot.sg/2017/09/iphone-8-sales-launch-is-disappointing.html
There was a report on Apple demanding its suppliers to scale back on Apple's supplies in view of the lacklustre sales.
http://bgr.com/2017/09/25/iphone-x-release-date-supply/
Apple shares also have fallen from its peak.
https://www.cnbc.com/2017/09/25/apples-iphone-x-pulls-shares-down-with-low-supply.html
Monday, September 25, 2017
Japan will dissolve its parliament on Thursday for election.
https://www.reuters.com/article/us-japan-election/japans-abe-announces-snap-election-amid-worries-over-north-korea-crisis-idUSKCN1C0001
Japan will be having its election on 22 October 2017.
Japan stock market will be range bound for now as nobody is 100% confident that Abe will win in this upcoming election. It may turn out like the Trump presidential election win and the Brexit event.
We can only hope that NK will not test its H-Bomb in the Pacific Ocean as stated by Kim.
Japan will be having its election on 22 October 2017.
Japan stock market will be range bound for now as nobody is 100% confident that Abe will win in this upcoming election. It may turn out like the Trump presidential election win and the Brexit event.
We can only hope that NK will not test its H-Bomb in the Pacific Ocean as stated by Kim.
USA is trying to topple Venezuela government.
The USA is a real troublemaker in the world. It has been trying to topple the Cambodian government but is not successful so far and is targeting Venezuela now.
http://www.independent.co.uk/news/world/americas/cia-venezuela-crisis-government-mike-pompeo-helping-install-new-remarks-a7859771.html
One of the successful regime changes implemented by the USA was Ukraine because it spent USD$5B and 10 years in Ukraine. The USA was so proud about it and announced its involvement in public.
https://www.globalresearch.ca/washington-was-behind-ukraine-coup-obama-admits-that-us-brokered-a-deal-in-support-of-regime-change/5429142
http://www.independent.co.uk/news/world/americas/cia-venezuela-crisis-government-mike-pompeo-helping-install-new-remarks-a7859771.html
One of the successful regime changes implemented by the USA was Ukraine because it spent USD$5B and 10 years in Ukraine. The USA was so proud about it and announced its involvement in public.
https://www.globalresearch.ca/washington-was-behind-ukraine-coup-obama-admits-that-us-brokered-a-deal-in-support-of-regime-change/5429142
Sunday, September 24, 2017
PM Lee praised China HSR during his China visit in September 2017.
Just look at the stability of China HSR.
No wonder our PM Lee loves China HSR.
Sino-Singapore relationship is getting cosy!
http://en.people.cn/n3/2017/0924/c90000-9273013.html
Finally! We are getting cosy with China, beginning with the new round of military exercises.
SG has realized the threats from the BRI and decided to get cosy with China. SG has no choice because TPP is no longer available and our government has to participate in RCEP and BRI.
I hope that China will give the face and political credit to SG by participating in the KL-SG HSR under Singapore invitation.
Finally! We are getting cosy with China, beginning with the new round of military exercises.
SG has realized the threats from the BRI and decided to get cosy with China. SG has no choice because TPP is no longer available and our government has to participate in RCEP and BRI.
I hope that China will give the face and political credit to SG by participating in the KL-SG HSR under Singapore invitation.
Saturday, September 23, 2017
Baltic dry index - 1502
Today, Friday, September 22 2017, the Baltic Dry Index climbed by 32 points, reaching 1502 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 - 935
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. fell by one this week to 935.
That's still up from the 511 rigs that were active a year ago.
Houston oilfield services company Baker Hughes said Friday that 744 rigs sought oil and 190 explored for natural gas this week. One was listed as miscellaneous.
Among major oil- and gas-producing states, Louisiana gained three rigs.
Alaska, New Mexico, and Texas each gained one rig. North Dakota and Oklahoma lost three rigs each, and Colorado lost two rigs.
California, Ohio, Pennsylvania, Utah, West Virginia, and Wyoming were 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, September 22, 2017
Travel alert to Bali.
http://news.sky.com/story/bali-volcano-alert-sees-thousands-evacuated-from-homes-11047375
Bali volcano has shown signs of erupting soon. Therefore, it's best to avoid going to Bali now as the volcano is expected to erupt within 10 days.
Bali volcano has shown signs of erupting soon. Therefore, it's best to avoid going to Bali now as the volcano is expected to erupt within 10 days.
Why is China so blase about Singapore invitation to participate in the KL-SG HSR tender?
Singapore first invited China to participate in our KL-HSR tender in June 2017 by our FM Vivian but China ignored our invitation.
http://sg-stock.blogspot.sg/2017/06/singapore-had-repented-and-invited.html
Then, our PM Lee invited China again in September 2017 during his China visit. However, China has not responded to our invitation again.
http://www.chinadaily.com.cn/world/2017-09/20/content_32229112.htm
Why?
Well, China is considering whether to give face or political credit to SG for allowing China to participate in the KL-HSR. Why am I saying this? This is because China is a strategic thinker and has a strategic tactic to undertake the KL-SG HSR without going through SG. Therefore, it will only take part in the project under Singapore invitation out of good faith or when it wants to give political credit to SG.
If you understand the BRI, you will know that China gives preferential treatment to Laos which is an inland country without any port. China is helping Laos by turning it into a land transhipment hub where goods and people are transported to its neighbouring countries by railways and HSRs. Therefore, Laos will adopt China HSR system in reciprocation.
http://shanghaiist.com/2017/07/12/thailand-china-railway-approved.php
http://sg-stock.blogspot.sg/2017/09/china-won-hsr-construction-deal-in.html
What about the BKK-KL HSR?
Thailand had given the internal HSR (BKK-Chiang Mai) to Japan because Japan gave a lot of concessions to Thailand. Meanwhile, the cross-border HSRs from BKK to China and Laos were given to China. Thailand has to maintain 2 different HSR systems now instead of one.
http://www.channelnewsasia.com/news/asiapacific/rail-diplomacy-puts-grand-plans-for-thailand-s-railway-on-track-8591784
Malaysia had indicated its preference for China HSR system for the cross-border BKK-KL HSR. Will Thailand adopt a 3rd HSR system for this BKK-KL HSR? I don't think so because it is expensive and difficult to maintain 3 different HSR systems. Therefore, Thai is likely to adopt the China HSR system as requested by Malaysia.
http://www.todayonline.com/world/asia/thailand-malaysia-begin-talks-hsr-linking-bangkok-and-kuala-lumpur-thai-minister
When the BKK-KL HSR system is adopting the China HSR system, Malaysia will also want to adopt the same system for the KL-SG HSR because it's easier and cheaper to maintain 1 HSR system instead of 2. Therefore, it is likely that Malaysia will impose the China HSR system on KL-SG HSR unless SG gives a lot of concessions to Malaysia to adopt a different HSR system. SG is at the losing end because it is at the end of the HSR and is only responsible for the 15km HSR system on its own land.
Malaysia can insist on building the HSR from KL to JB using the China HSR system and leave SG out of it under the worst case scenario because SG cannot have a say on Malaysia land. Malaysia will just let SG decide on its own HSR because Malaysia also cannot have a say on Singapore land.
This is the reason for China to be blase about our invitation as China has a strategic tactic to undertake the KL-SG project without going through SG. SG is only responsible for 15km of the HSR on its own land and is making a lot of noise about the HSR but Malaysia is so quiet about the HSR when it is undertaking 335km of the HSR. Let's see whether China will give face to SG and participate in the HSR project under our invitation out of good faith.
http://sg-stock.blogspot.sg/2017/06/singapore-had-repented-and-invited.html
Then, our PM Lee invited China again in September 2017 during his China visit. However, China has not responded to our invitation again.
http://www.chinadaily.com.cn/world/2017-09/20/content_32229112.htm
Why?
Well, China is considering whether to give face or political credit to SG for allowing China to participate in the KL-HSR. Why am I saying this? This is because China is a strategic thinker and has a strategic tactic to undertake the KL-SG HSR without going through SG. Therefore, it will only take part in the project under Singapore invitation out of good faith or when it wants to give political credit to SG.
If you understand the BRI, you will know that China gives preferential treatment to Laos which is an inland country without any port. China is helping Laos by turning it into a land transhipment hub where goods and people are transported to its neighbouring countries by railways and HSRs. Therefore, Laos will adopt China HSR system in reciprocation.
http://shanghaiist.com/2017/07/12/thailand-china-railway-approved.php
http://sg-stock.blogspot.sg/2017/09/china-won-hsr-construction-deal-in.html
What about the BKK-KL HSR?
Thailand had given the internal HSR (BKK-Chiang Mai) to Japan because Japan gave a lot of concessions to Thailand. Meanwhile, the cross-border HSRs from BKK to China and Laos were given to China. Thailand has to maintain 2 different HSR systems now instead of one.
http://www.channelnewsasia.com/news/asiapacific/rail-diplomacy-puts-grand-plans-for-thailand-s-railway-on-track-8591784
Malaysia had indicated its preference for China HSR system for the cross-border BKK-KL HSR. Will Thailand adopt a 3rd HSR system for this BKK-KL HSR? I don't think so because it is expensive and difficult to maintain 3 different HSR systems. Therefore, Thai is likely to adopt the China HSR system as requested by Malaysia.
http://www.todayonline.com/world/asia/thailand-malaysia-begin-talks-hsr-linking-bangkok-and-kuala-lumpur-thai-minister
When the BKK-KL HSR system is adopting the China HSR system, Malaysia will also want to adopt the same system for the KL-SG HSR because it's easier and cheaper to maintain 1 HSR system instead of 2. Therefore, it is likely that Malaysia will impose the China HSR system on KL-SG HSR unless SG gives a lot of concessions to Malaysia to adopt a different HSR system. SG is at the losing end because it is at the end of the HSR and is only responsible for the 15km HSR system on its own land.
Malaysia can insist on building the HSR from KL to JB using the China HSR system and leave SG out of it under the worst case scenario because SG cannot have a say on Malaysia land. Malaysia will just let SG decide on its own HSR because Malaysia also cannot have a say on Singapore land.
This is the reason for China to be blase about our invitation as China has a strategic tactic to undertake the KL-SG project without going through SG. SG is only responsible for 15km of the HSR on its own land and is making a lot of noise about the HSR but Malaysia is so quiet about the HSR when it is undertaking 335km of the HSR. Let's see whether China will give face to SG and participate in the HSR project under our invitation out of good faith.
Iphone 8 sales launch is disappointing.
http://www.asiaone.com/digital/apples-iphone-8-sees-muted-launch-asia
This will definitely hit Apple's suppliers and manufacturers. Watch out the stock performances of those companies involved in the Apple's chain.
This will definitely hit Apple's suppliers and manufacturers. Watch out the stock performances of those companies involved in the Apple's chain.
OMG! HP is retrenching again.
https://sg.finance.yahoo.com/news/hewlett-packard-enterprise-reportedly-cutting-234601321.html
Many countries are reporting good economic growth but companies are retrenching......Why? Why? Why?
This shows that we're not having real economic growth at all.
Many countries are reporting good economic growth but companies are retrenching......Why? Why? Why?
This shows that we're not having real economic growth at all.
OMG! SPH is trenching!
https://sg.finance.yahoo.com/news/singapore-press-holdings-said-consider-job-cuts-reorganization-plan-113721110.html
SPH monopolizes the Singapore media industry and cannot even survive because of technological changes.
This is what happens when you rest on your laurels thinking that your monopoly will protect your business. Alas! Time has changed.
SPH monopolizes the Singapore media industry and cannot even survive because of technological changes.
This is what happens when you rest on your laurels thinking that your monopoly will protect your business. Alas! Time has changed.
Thursday, September 21, 2017
Why did PM Lee go to China in September 2017?
PM Lee had requested for the new sea-rail link developments between China & SG in this Sino-SG meeting.
http://sg-stock.blogspot.sg/2017/05/new-sea-rail-link-between-china-and.html
We reported this new sea-rail link before.
PM Lee had also promised to promote China-ASEAN relationship in 2018 when it's the chairman and invited China to participate in the KL-SG HSR.
Basically, this trip is to appease and pacify China because PM Lee realizes that he cannot rely on Trump as he is unpredictable.
http://sg-stock.blogspot.sg/2017/05/new-sea-rail-link-between-china-and.html
We reported this new sea-rail link before.
PM Lee had also promised to promote China-ASEAN relationship in 2018 when it's the chairman and invited China to participate in the KL-SG HSR.
Basically, this trip is to appease and pacify China because PM Lee realizes that he cannot rely on Trump as he is unpredictable.
Who will win the KL-SG HSR project?
http://www.businesstimes.com.sg/transport/lta-forms-new-unit-to-implement-the-kl-singapore-high-speed-rail-project
China? Japan? Korea? or France?
Well, Singapore is responsible for 15km while Malaysia will build 335km of the 350km KL-SG HSR. Therefore, Malaysia will definitely have a bigger say in this joint-venture. Furthermore, Malaysia will also have to consider its KL-BKK HSR. Thus, it is in Malaysia's interest to have the same HSR system as it is easier and cheaper to maintain than to have 2 different HSR systems.
However, in Singapore context, we would like to have an open standard railway system so that we're not at the mercy of a single vendor. This difference in consideration will not sit well with the Malaysia side as Malaysia has more considerations than SG.
Recently, Thailand had awarded its cross-border Thai-Laos HSR to China.
http://sg-stock.blogspot.sg/2017/09/china-won-hsr-construction-deal-in.html
In view of this, it is likely that China will win the BKK-KL HSR too. Consequently, Malaysia will want to adopt the same HSR system for its KL-SG HSR.
China? Japan? Korea? or France?
Well, Singapore is responsible for 15km while Malaysia will build 335km of the 350km KL-SG HSR. Therefore, Malaysia will definitely have a bigger say in this joint-venture. Furthermore, Malaysia will also have to consider its KL-BKK HSR. Thus, it is in Malaysia's interest to have the same HSR system as it is easier and cheaper to maintain than to have 2 different HSR systems.
However, in Singapore context, we would like to have an open standard railway system so that we're not at the mercy of a single vendor. This difference in consideration will not sit well with the Malaysia side as Malaysia has more considerations than SG.
Recently, Thailand had awarded its cross-border Thai-Laos HSR to China.
http://sg-stock.blogspot.sg/2017/09/china-won-hsr-construction-deal-in.html
In view of this, it is likely that China will win the BKK-KL HSR too. Consequently, Malaysia will want to adopt the same HSR system for its KL-SG HSR.
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