Doggy robot will be on sale in China soon!

It's cool to have a robotic helper to help you to carry things when you do your groceries.

Russia test fired SATAN 2 nuclear warheads missile recently.

Satan 2 nuclear warheads missile can wipe out Texas or UK.

USA has forsaken the Kurds!

https://www.clevelandjewishnews.com/jns/iraqi-kurds-feel-abandoned-by-the-us-as-israel-offers/article_1d433c52-5303-5215-812c-35d2e1290426.html

The Kurds had been staunch supporters of USA actions in the Middle East for over a decade and always responded to the USA's calls for any battles in the Middle East.

However, the USA abandoned the Kurds for its own political interest after using them. The Kurds thought that the USA would support and protect them after the independence referendum because the Kurds fought with their lives in the Middle East alongside the USA.

The USA has been known to be an untrustworthy and unreliable ally but the Kurds take a big leap of faith in the USA and they're suffering the repercussion of this belief.  The USA only cares for its own interests and does not care about others.  The Kurds have learnt this the hard way with the losses of their lives.

Singapore stock calls for 30 October 2017

China can produce flexible display screens now. Samsung is in trouble!

http://en.people.cn/n3/2017/1030/c90000-9286440.html

China has acquired the technology to mass produce flexible display screens which will give Samsung a run for its money.  The prices of AMOLE display will decrease which will benefit consumers but Samsung will take a hit for its AMOLE revenues.

China will definitely ramp up its AMOLE display production to crush Samsung's monopoly.

Is SGX being too optimistic or naive in wanting the world's largest IPO?

https://sg.finance.yahoo.com/news/sgx-chief-keeps-eyes-winning-223900206.html

I doubt we can get this Aramco IPO and the CEO is showing his naivety because SGX doesn't have the size and liquidity of other big stock exchanges like NYSE, HKEX and LSE.  Low liquidity is often associated with a low valuation.

When Alibaba didn't even want to list on SGX, the world's largest IPO won't come to SGX too.  Furthermore, SGX has been losing some big market capitalization companies.

When the top management doesn't know the capital markets well enough, SGX won't be able to go too far in this industry.

Hot news! Catalonia has declared independence!

https://finance.yahoo.com/news/gold-steady-dollar-gains-versus-012826415.html

Catalonia has declared independence and is officially separated from Spain now.  Spain's economy will drop by 20% immediately after the separation.  Spain is definitely weaker now than before and this phenomenon may spread to other European countries by encouraging other states to obtain autonomy or independence.

Europe may get ramified and become weaker.

Baltic dry index - 1546

Today, Friday, October 27 2017, the Baltic Dry Index decreased by 9 points, reaching 1546 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 - 909

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. declined by four this week to 909.

That's up from the 557 rigs that were active a year ago.

Houston oilfield services company Baker Hughes said Friday that 737 rigs sought oil and 172 explored for natural gas this week.

Among major oil- and gas-producing states, Texas gained five rigs and Oklahoma and Wyoming each increased by one.

Louisiana lost three rigs, North Dakota and West Virginia each declined by two and Alaska, Colorado, Kansas, New Mexico and Pennsylvania each lost one.

Arkansas, California, Ohio and Utah 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

Singapore stock calls for 27 October 2017

ECB will cut bond purchases to $30B in Jan 2018.

https://finance.yahoo.com/news/ecb-curb-bond-buying-first-091109975.html

The ECB will purchase fewer bonds than previously stated.  The ECB will only purchase 30B bonds instead of 40B bonds in Jan 2018.

Interest rates are definitely rising fast in EU and the USA in 2018.

https://sg-stock.blogspot.sg/2017/10/ecb-will-start-qe-tapering-in-jan-2018.html

Please read our previous posting on interest-rate rising environment.

http://sg-stock.blogspot.sg/2017/03/what-stocks-to-buy-in-interest-rate.html

Singapore will be issuing its own cryptocurrency after Russia.

https://www.cnbc.com/2017/10/26/singapore-cryptocurrency-blockchain-trial.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=104798494&yptr=yahoo

Just like Russia, Singapore will be issuing its own cryptocurrency which cannot be mined by others.

The demise of bitcoin is coming sooner than thought as ordinary people will move over to the official cryptocurrency, leaving the criminals to use bitcoins.

The USA is doomed to fail in its Asia pivot or rebalancing strategy.

It’s getting harder for the USA to implement the Asia pivot or rebalance strategy now compared to a decade ago.

Why?

This is because China has helped Asian countries to boost their economies and made them prosper with better economic integrations with China.  Consequently, China has become the top trading partner of many Asian countries and China is importing a lot of Asian goods.  This is something the USA cannot do because the USA wants to export goods and services to Asia.

It will be difficult for the USA to grow its influences in Asia nowadays because the USA cannot replace China’s importance in Asia now.  Furthermore, China is building many infrastructures under the BRI in Asia whereas the USA cannot afford to build anything for Asia.  Although the USA has been embarking on smearing and fear-mongering campaigns against China, it has been unsuccessful to persuade Asian countries to contain China’s influences.

Asians are mostly peace-loving people except for North Korea, Japan and Vietnam.  Therefore, most Asians just want to lead a peaceful and prosperous life which China is promoting.

The USA had been proclaiming the excessive China's claims in South China Sea but it was the USA navy that accompanied China to reclaim those islands in South China Sea after WW2.

http://sg-stock.blogspot.sg/2017/02/china-has-proof-that-its-proclamation.html

China's 9 dashes for South China Sea had been around since 1947.  Up till now, about 70 years later, the USA or its supporters cannot cite any incident of China navy or coast guard stopping any commercial vessel from sailing in South China Sea.  Therefore, there is no basis for freedom of navigation because there is already freedom of navigation in South China Sea.  The evidence is definitely in China's favour.  If we just look at the evidence, we know who the troublemaker (USA) is in Asia.

We strive to be objective but we just cannot find a shred of evidence to support the USA's allegation and claim.  As we conduct more researches, we find the USA more despicable.

Singapore stock calls for 26 October 2017

US Treasury yields had been rising for the past 2 weeks.

Watch out for the 10-year yield since this is the risk-free rate.

Dangers will be lurking when the 10-year yield reaches 3% and the stock markets will react very negatively.

Singapore stock calls for 25 October 2017

Apple has chosen TSMC as its sole manufacturer for the A12 chips.

http://www.idownloadblog.com/2017/09/29/tsmc-starts-development-apple-a12-chips-iphone-2018/

Apple has chosen TSMC as its sole manufacturer for the A12 chips leaving Samsung out of the game.

However, Samsung will compete with TSMC for the A13 chips.

https://www.fool.com/investing/2017/10/24/apple-could-split-a13-chip-orders-between-2-chip-g.aspx

Great news! Singapore passport is the most powerful in the world now.

https://sg.news.yahoo.com/singapore-now-powerful-passport-world-index-013119189.html

What does this mean?

Basically, it just means that we can go to many countries without applying for VISAs.

That's about it.  Don't expect other fringe benefits to be attached to SG passport.  We still need to go through the same custom checks like other passports unless you are holding a diplomatic passport.

China newest politburo standing committee names!

https://sg.finance.yahoo.com/news/meet-men-charge-china-apos-035300501.html

The 7 most powerful men in China are announced after the closure of the 19th party congress.

Saudi Arabia doesn't believe in bitcoin too.

http://www.marketwatch.com/story/bitcoin-is-enron-in-the-making-saudi-prince-alwaleed-2017-10-23?siteid=yhoof2&yptr=yahoo

Saudi Arabia prince also believes that bitcoin will implode one day.  This means that Saudi Arabia won't adopt and legalize bitcoin trading because it doesn't want its citizens to be affected by bitcoin implosion.  We can also infer that the Middle East won't legalize bitcoin too.

Apple Iphone X shipments are only half as forecasted.

https://finance.yahoo.com/news/apple-iphone-x-shipments-half-111609139.html

Apple does have a problem selling its flagship Iphone X as it is beset with some technical problems and the high price.

Let's see how this will pan out later.

The 8 immortals that control China, not the 8 deities in the folklore.

No, we are not talking about the famous folklore, "The 8 deities who crossed the sea".  We are talking about the 8 powerful families that control China.  They control and command all the resources in China such as finance and banking, public utility and transportation, military, etc.

http://www.telegraph.co.uk/news/worldnews/asia/china/9767514/Heirs-of-Communist-Chinas-Eight-Immortals-have-amassed-huge-wealth.html

http://www.zerohedge.com/news/2012-12-26/octagon-oligarchy-meet-chinas-eight-immortals-infographic

Xi Jinping managed to wrestle and gain control from the 8 powerful families with some going downhills while others pledging loyalties to him.

For example, Li Peng's daughter was booted out of the public utility industry in China.

Xi Jinping's leadership looks set to continue after the 19th Party Congress.

Xi Jinping didn't name his successor at the closure of the 19th Party Congress.  This means that he will continue to be the leader for the next decade.

Look like the rumour was true after all about Jiang's support for Xi's leadership continuation.  Please read our previous post below.

http://sg-stock.blogspot.sg/2017/10/jiang-zemin-lost-political-battle-to-xi.html

Russia to issue its own cryptocurrency and this may destroy bitcoins in the future.

https://techcrunch.com/2017/10/15/russia-may-soon-issue-its-own-official-blockchain-based-currency-the-cryptoruble/

Russia will issue its own cryptocurrency which cannot be mined by others and can only be issued by the Russian government.

We did say before in our previous posting that blockchain technology was more useful than the cryptocurrency per se because cryptocurrency was a derivative of blockchain technology.

If more and more countries start to issue their own cryptocurrencies that cannot be mined, bitcoin's value will crash as ordinary people can use the official cryptocurrencies to transfer money.  In the end, only criminals will use bitcoins to stay anonymous.

http://sg-stock.blogspot.sg/2017/10/bitcoin-fanatics-dumbest-thing-on-wall.html

Singapore stock calls for 24 October 2017

Here we go again! Indian man raped woman in broad daylight with onlookers.

https://www.thesun.co.uk/news/4748399/woman-is-raped-in-broad-daylight-on-pavement-as-onlookers-do-nothing-to-stop-sex-beast/

India is a country that doesn't respect women.  Any woman in India is just a whore to any Indian man.

Be very careful if you want to visit India or in India!

http://sg-stock.blogspot.sg/2017/10/indian-women-was-gang-raped-at-gun.html

China has started its autonomous electric bus road test recently.

China is changing its infrastructures at breakneck speed.

Sigh! What is SG doing? Our government is focusing on diabetics, preschooling and technology embracement.

No wonder our MRT is breaking down so frequently and we've "ponding" at Bishan MRT.

China is really a high technology country.

Just take a look at how the traffic police do its work compared to SG.

No wonder the China people are laughing at SG for being so outdated and low-tech.

Italy is on the verge of breaking up after Spain.

https://www.reuters.com/article/us-italy-politics-referendum/italian-regions-vote-in-favor-of-autonomy-in-shadow-of-catalonia-crisis-idUSKBN1CR0EY

The domino effect is happening.  Some parts of Italy also want to gain independence after Catalan's independence vote.

If Europe allows Catalan's independence, there won't be any reason to stop others from following suit.  Catalan will be kicked out of Europe after independence and has to pay high taxes for its goods and services.  No FTA for Catalan!

Singapore stock calls for 23 October 2017

Abe won the Japan election on Sunday.

https://sg.finance.yahoo.com/news/japan-apos-leader-just-won-042200543.html

He won because his opposition was too weak but Abe's support was just as weak as before.  Nothing much changes because abenomics policies don't work anymore.  Abe prefers to focus on the pacifist constitution reforms instead of the economic reforms.

https://www.reuters.com/article/us-japan-election/japans-abe-to-push-pacifist-constitution-reform-after-strong-election-win-idUSKBN1CS0C3

Abe wants to have the prerogative to start a war!

Noble will report a loss of $1.2B in Q3.

https://sg.finance.yahoo.com/news/noble-group-sell-oil-liquids-business-vitol-580-001536214--finance.html

Q2 2017 = $1.75B loss
Q3 2017 = $1.2B loss

How long do you think Noble can last after losing close to $3B in just 2 quarters?

The cash proceeds from this sale will be $580M which are still much lesser than its debt of more than $3B.

Noble is burning cash pretty fast!

The truth behind Li Ka Shing's divestment in China.

Why did Li Ka Shing cash out of China?

Li Ka Shing was trying to avoid being persecuted by Xi Jinping for bribery in China and had no choice but to cash out of China.  Li Ka Shing's divestment was not due to any loss of confidence in China economic growth as China was still growing pretty well and the property market was still on an upward trend after his divestment.

Li Ka Shing started to do very well in the property developments in China after getting to know Jiang Zemin whilst Jiang was still in power.  Li Ka Shing transferred one of his subsidiaries' shares to Jiang's son in exchange for a property development in China and that exchange was the first major pot of gold for Jiang.  Thereafter, there were many exchanges of favours and monetary rewards between them including the expeditious capture of the Li son's kidnapper in China.

However, things began to change after Xi's ascension to power.  Xi embarked on his corruption-fighting campaign after becoming the leader and also wrestled with Jiang because Xi discovered Jiang's intention to get rid of Xi.  Jiang regretted his decision to support Xi because Xi was more upright than he thought.

Therefore, Li Ka Shing quickly cashed out of China and moved his HQ to London from HK.  As we all know, HK is part of China and Li Ka Shing doesn't want to take the risk.

Jiang Zemin lost the political battle to Xi Jinping.

A picture really tells a thousand words.

Despite Jiang's flailing condition, he had to attend Xi's presentation in the 19th Communist Party Congress to give the face to Xi.  In fact, Jiang could have excused himself from the Party Congress based on his poor health.

We still could tell that Jiang and Xi had an acrimonious relationship because Xi didn't bother to help Jiang to be seated.  Xi just stood there like a statue without displaying any kind gesture.

It's pretty obvious who won the political battle in China.

There is a rumour circulating that Jiang and Xi have reached a settlement in secrecy.  Xi will not persecute Jiang for corruption and also spare his 2 sons in exchange for the support in Xi's leadership continuation.

http://sg-stock.blogspot.sg/2017/07/political-battles-are-playing-out-in.html

US fiscal deficit in 2017 - USD$666B

http://www.marketwatch.com/story/us-ends-fiscal-2017-with-666-billion-budget-deficit-2017-10-20

The US fiscal deficit in 2017 is already USD$666b.  Trump tax plan will add more to its current deficit.  However, the Senate only managed to pass the deficit of USD$1.5T in the next decade.  Therefore, Trump couldn't get his $5T tax plan fully implemented.

https://sg-stock.blogspot.sg/2017/09/trump-us5t-tax-plan-wont-get-passed.html

Baltic dry index - 1578

Today, Friday, October 20 2017, the Baltic Dry Index decreased by 4 points, reaching 1578 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 - 913

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. declined by 15 this week to 913.

That's up from the 553 rigs that were active a year ago.

Houston oilfield services company Baker Hughes said Friday that 736 rigs sought oil and 177 explored for natural gas this week.

Among major oil- and gas-producing states, Texas lost eight rigs, Alaska and Wyoming each declined by two and New Mexico and Utah each lost one.

Arkansas, California, Colorado, Kansas, Louisiana, North Dakota, Ohio, Oklahoma, Pennsylvania 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

UK has no prerogative to meddle in HK's affairs.

https://www.theguardian.com/uk-news/2017/oct/18/uk-summons-chinese-ambassador-after-british-activist-barred-benedict-rogers-barred-hong-kong#img-1

HK is part of China and UK has no prerogative to meddle in HK's affairs.  HK's autonomy is not defined by the UK.

How would UK feel if China demands the UK to give Scotland independence?

China GDP grew at 6.8% in Q3.

http://www.thestar.com.my/business/business-news/2017/10/19/china-q3-gdp-grows-6pt8pct-on-year-in-line-with-forecasts/

This was quite close to what was estimated at 7%.

Let's hope that China can continue the momentum till the end of the year.

http://sg-stock.blogspot.sg/2017/10/chinas-economy-is-powering-ahead-with.html

Singapore stock calls for 20 October 2017

UOB has just marked down its O&G loans by 70-80%.

https://sg.finance.yahoo.com/news/uob-burdened-toxic-loans-o-044300079.html

This showed that our banks had been too optimistic about the recovery in the O&G industry in the past.

Let's see what DBS & OCBC will do.

We did warn about such optimism and the banks were not forthcoming with O&G loan exposures.

http://sg-stock.blogspot.sg/2017/08/singapore-banks-are-facing-strong.html

ECB will start QE tapering in Jan 2018.

https://sg.finance.yahoo.com/news/ecb-gently-trim-asset-buys-delicate-messaging-act-063209193--business.html

ECB will start reducing bond purchases by $20B euros in Jan 2018.  The bond purchases will reduce from $60b to $40b in Jan 2018 and will continue to reduce gradually over time.

Spain to suspend Catalan autonomy.

https://in.news.yahoo.com/spain-moves-suspend-catalan-autonomy-094803353.html

https://qz.com/1106478/catalonia-independence-crisis-spain-plans-to-invoke-article-155-and-impose-direct-rule/?utm_source=YPL&yptr=yahoo

The Spanish move will definitely spark more instabilities in Catalan and the Spain stock market.

Singapore stock calls for 19 October 2017

HNA to delist CWT from SGX after Nov 2.

http://www.businesstimes.com.sg/companies-markets/cwt-to-be-delisted-after-nov-2-as-hnas-control-crosses-90

Goodbye CWT!

Another client has left SGX. Sigh!

SGX doesn't understand the capital market!

Why do I say that?

Just look at the flopped collaborative agreements in the past.

SGX-CLOB failed!
SGX-ASX failed!
SGX-TWSE failed!
SGX-ASEAN failed!

https://www.theedgesingapore.com/asean-trading-linkage-quietly-shuts-down

The SGX has just signed another collaborative agreement with Nasdaq.  Needless to say, it will flop too because no company will want to list on SGX when it can list on Nasdaq.  This win-lose collaboration will benefit Nasdaq more than SGX.

https://www.thestreet.com/story/14347895/1/nasdaq-singapore-s-sgx-announce-agreement.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

SGX just doesn't understand the capital market and stock trading exchange well enough.  It removed and reinstated the lunch break, kept changing the bid/sell spreads, etc.  No wonder SGX is losing its listed clients more than it is attracting the IPOs.

Singapore stock calls for 17 October 2017

North Korea warns of a nuclear war!

https://sg.news.yahoo.com/nuclear-war-may-break-time-warns-north-korea-042811050.html

I hope there won't be a nuclear war in Asia as this will cause devastations.

The USA softens its stance after NK warning which is a good news for Asia.

https://sg.news.yahoo.com/u-not-ruling-eventual-direct-talks-north-korea-024603566.html

Bitcoin fanatics: Dumbest thing on wall street.

https://www.thestreet.com/story/14340563/1/dumbest-thing-on-wall-street-bitcoin.html

Bitcoin fanatics really don't know what they're saying.

They try to use the Wi-Fi analogy to say that Bitcoin is as useful as Wi-Fi but Bitcoin is not Wi-Fi.  Wi-Fi is a technology but bitcoin is a derivative of a technology.  The technology behind Bitcoin is Blockchain, an open digital ledger.

One of the derivatives of Wi-Fi is wireless files transfer.  Therefore, Bitcoin is just like a wireless files transfer if we want to make a compatible comparison.  We use wifi everyday but not wireless files transfer.  Therefore, bitcoin is not as important and useful as what the fanatics portend it to be.  It is the blockchain technology that we're interested in, not bitcoin.

Anyway, Wi-Fi is already outdated because there is Li-Fi now.

It's time for the fanatics to wake up from their dreams.

China won't be using normal MRTs in the future.

China will be implementing maglev system in China instead of using the normal MRTs track.  Maglev system gives passengers a smooth ride.  Just look at the coin standing on the floor during motion.

Singapore non-oil domestic exports (NODX) - Part 6

http://www.channelnewsasia.com/news/singapore/singapore-nodx-exports-fall-1-1-after-4-months-of-growth-9317146

Singapore NODX decreased 1.1% in September YOY.

Year on year changes:

September 2017: -1.1%

August 2017: 16.7%

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%

http://sg-stock.blogspot.sg/2017/08/singapore-non-oil-domestic-exports-nodx.html

Somalia worst terrorist attack in decades.

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.

Fully automatic carpark in China.

Car parking is such a breeze in China now.

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.

Singapore stock calls for 16 October 2017

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?

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

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'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!

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.

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.

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.

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.

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.

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

Singapore stock calls for 13 October 2017

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.

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.

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!

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.

Singapore stock calls for 12 October 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.

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.

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!

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.

Singapore stock calls for 11 October 2017

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/

Glass shattering bridge is scary!

It's really funny to look at these expressions. Heehee!

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/

Singapore stock calls for 10 October 2017

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

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

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.

Singapore stock calls for 9 October 2017

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!

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!

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.

Hot news! Trump: "The calm before the storm."

What is 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.

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.

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.

Singapore stock calls for 6 October 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.

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.

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.

Singapore stock calls for 5 October 2017

Singapore stock calls for 4 October 2017