Nam Cheong - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	UOB Kay Hian	Nam Cheong	0.135	0.12	Sell
01/15/16	UOB Kay Hian	Nam Cheong	0.113	0.09	Sell
02/15/16	DBS Vickers	Nam Cheong	0.094	0.07	Fully Valued	PB0.4x FY16
02/26/16	Amfrasers	Nam Cheong	0.097	0.07	Sell	PB0.3x FY16
03/07/16	UOB Kay Hian	Nam Cheong	0.103	0.085	Sell
03/31/16	DBS Vickers	Nam Cheong	0.11	0.07	Fully Valued
05/16/16	Amfrasers	Nam Cheong	0.076	0.11	Buy	PB0.5x FY16
05/16/16	DBS Vickers	Nam Cheong	0.076	0.07	Fully Valued
05/20/16	UOB Kay Hian	Nam Cheong	0.084	0.065	Sell
06/09/16	UOB Kay Hian	Nam Cheong	0.092	0.07	Sell
08/12/16	DBS Vickers	Nam Cheong	0.06	0.04	Fully Valued
08/17/16	Amfrasers	Nam Cheong	0.047	0.05	Hold	PB0.4x FY16
11/11/16	Amfrasers	Nam Cheong	0.067	0.07	Hold	PB0.5x FY17
11/11/16	DBS Vickers	Nam Cheong	0.067	0.04	Fully Valued	PB0.2x
12/02/16	UOB Kay Hian	Nam Cheong	0.068	0.055	Sell
03/01/17	DBS Vickers	Nam Cheong	0.055	0.04	Fully Valued	PB0.2x
07/20/17	Lim & Tan	Nam Cheong	0.021	0	Avoid

Moya Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/04/17	DMG & Partners	Moya Asia	0.118	0.17	Buy	DCF, PER13.8x FY18
11/14/17	DMG & Partners	Moya Asia	0.101	0.17	Buy	DCF
01/24/18	DMG & Partners	Moya Asia	0.098	0.17	Buy

Stock calls for 5 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/05/18	DBS Vickers	Ascendas Hospitality Trust	0.885	0.97	Buy	DCF
02/05/18	Kim Eng	Guocoland	2.22	2.95	Buy	RNAV (20% discount)
02/05/18	Macquarie	OCBC	12.81	14	Outperform
02/05/18	DBS Vickers	OUE Commercial	0.755	0.73	Hold	DCF
02/05/18	OCBC	Sembcorp Industries	3.57	3.95	Buy	Sum of parts
02/05/18	UOB Kay Hian	SIA Engineering	3.33	4	Buy	DCF
02/05/18	phillip	SIA Engineering	3.33	3.51	Accumulate	DCF
02/05/18	Kim Eng	SIA Engineering	3.33	3.5	Hold	PER21x FY19
02/05/18	CIMB	SIA Engineering	3.33	3.13	Reduce	DCF
02/05/18	Lim & Tan	SIA Engineering	3.33	0	Hold
02/05/18	OCBC	SIA Engineering	3.33	3.7	Buy	DCF
02/05/18	DBS Vickers	SIA Engineering	3.33	3.86	Buy
02/05/18	CIMB	Singapore Post	1.38	1.58	Add	DCF
02/05/18	UOB Kay Hian	Singapore Post	1.38	1.62	Buy	Sum of parts
02/05/18	Kim Eng	Singapore Post	1.38	1.5	Buy	DCF
02/05/18	DBS Vickers	Singapore Post	1.38	1.61	Buy	DCF

Tension is rising at China-India border again.

http://www.bbc.com/news/world-asia-china-42834609

https://in.news.yahoo.com/keep-building-infrastructure-doklam-india-not-china-084204623.html

It is without any doubt that Doklam is China's territory but India and the western media want to portray otherwise.

https://economictimes.indiatimes.com/news/defence/doklam-has-always-been-under-chinas-jurisdiction-minister/articleshow/59742071.cms

Both sides are building up military powers near the borders and there is a high probability that skirmishes will happen again in the future especially when Indian drones like to intrude upon China's airspace.

Trade war has started between China & USA.

https://uk.reuters.com/article/us-china-us-sorghum/china-launches-dumping-probe-into-u-s-sorghum-imports-amid-rising-trade-tension-idUSKBN1FO06C

China has retaliated by imposing a dumping probe into the importation of Sorghum from the USA.

This is a brilliant move by the Chinese as farmers are Trump's supporters.  When Trump's supporters get hit badly, Trump's support will wilt.

Philippines wants to displace Singapore in ASEAN.

http://globalnation.inquirer.net/163587/duterte-china-sea-pirates-terrorism-southeast-asia-combat-security-defense

The Philippines is getting ambitious about gaining more political influences in ASEAN and is not contented with just being an ASEAN facilitator.

https://sg-stock.blogspot.sg/2017/11/china-has-replaced-singapore-with.html

The Philippines is trying to enlist China to help secure the marine security in ASEAN and may grant a military base to China to fulfill this agenda.  This is akin to Singapore granting the USA a military naval base in Singapore.

The Philippines is getting proactive in pushing its agenda to increase its importance and influences in ASEAN by collaborating with China. It knows that by leveraging on China's support and backing, its economic and political prowess will improve by leaps and bounds in ASEAN.  The Philippines economy is growing at more than twice of Singapore's in recent times and it wants to displace Singapore to become an important ASEAN member.

http://business.inquirer.net/243868/breaking-business-world-bank-asean-economy-fastest-growth-2018-global-economic-prospects-gdp

Singapore government doesn't know how to increase economic growth in other ways except to boost the population.

http://www.todayonline.com/singapore/big-read-foreigner-issue-are-we-ready-rethink

Higher spatial population distribution will lead to an increase in social tension but social tension is difficult to measure.  Therefore, we can only monitor the symptoms of social tension from the mildest to the most severe civil disorders to detect the ever-rising social tension.  Look like our government has not learnt from the past lessons and our sociologists are not being cognizant of our society.

Singapore increased its population the most in the last decade and our society encountered all forms of social tension within the last decade.  The following civil disorders from the mildest to the most severe are: Vitriol, Conflict, Protest, Strike & Riot.

Let's look at the 5 civil disorders which happened before in SG:

Civil disorder 2014
Vitriol - Anton Casey
http://news.asiaone.com/news/singapore/anton-casey-loses-job-friends

Civil disorder 2015
Conflict – Jason Blair Unger
http://news.asiaone.com/news/singapore/cyclist-mischief-charge

Civil disorder 2014
Protest – Anti-Philippines protest
https://sg.news.yahoo.com/singapore-protest-against-filipinos-rekindles-anti-foreign-anger-175914561.html

Civil disorder 2012
Strike – SMRT Chinese bus drivers
https://sg.news.yahoo.com/-over-100-chinese-bus-drivers-in-s-pore-go-on-strike-105924025.html

Civil disorder 2013
Riot – Little India’s riot
http://www.straitstimes.com/singapore/little-india-riot-one-year-later-the-night-that-changed-singapore

From the aforementioned examples, we could see that SG encountered all the civil disorders (mildest to the most severe) in a short span of time from 2012 to 2015 because of the ever-increasing population which led to higher spatial distribution.  History will repeat itself when we don't take history seriously and I can't find SG encountering all the civil disorders in other decades when there is no sudden influx of foreigners.

You cannot use credit cards to buy bitcoin soon.

https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards

Another setback for bitcoin! Credit cards cannot be used to buy bitcoins soon!

Genting casino business will be greatly affected by Hainan casino.

https://www.reuters.com/article/china-hainan-gambling/china-considering-allowing-gambling-in-hainan-bloomberg-idUSL4N1PS3ER

The Chinese don't need to travel far to gamble anymore when the Hainan casino is opened.  The Chinese make up a large portion of gamblers in Asia and their travel preferences will affect any casino's business.

However, if the China government restricts local citizens from gambling in their own country, then Genting business won't be affected much.  Let's see how this will pan out.

Bitcoin dropped below 8000 but the bottom was still not in sight yet.

https://www.marketwatch.com/story/no-letup-for-bitcoin-as-cryptocurrency-drops-further-below-9000-2018-02-02?siteid=yhoof2&yptr=yahoo

We've warned previously that bitcoin prices have not reached bottom yet.

https://sg-stock.blogspot.sg/2018/01/cryptocurrencies-have-crashed-but-have.html

Many investors are starting to face up to the reality that bitcoin is a big scam now.  Recent investors have lost a lot of money in bitcoin and will start to lose confidence in bitcoin if the prices do not recover in the next few months.  However, the upcoming G20 summit will put crypto regulations on the agenda and this will depress bitcoin prices further.

The huge fall in the stock market on Friday (yesterday) also put pressure on bitcoin investors because bitcoin market cannot get new buyers or investors.

Baltic dry index - 1095

Today, Friday, February 02 2018, the Baltic Dry Index decreased by 19 points, reaching 1095 points.

Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.

===================

Related stocks: Sembcorp Marine, Cosco & Pan Ocean

US rig count - 946

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. fell by one this week to 946.

That exceeds the 729 rigs that were active this time a year ago.

Houston oilfield services company Baker Hughes reported Friday that 765 rigs drilled for oil this week and 181 for gas.

Among major oil- and gas-producing states, Colorado increased by two and North Dakotaand Ohio each gained one.

Wyoming lost three rigs and Louisiana and Texas each decreased by one.

Alaska, Arkansas, California, New Mexico, Oklahoma, Pennsylvania, 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

Genetic testing must NEVER be allowed for insurer!

http://www.businesstimes.com.sg/brunch/the-future-of-insurance?xtor=EREC-16-1%5BBT_Newsletter_1%5D-%5B20180203%5D-%5BThe+future+of+insurance%5D&xts=538380

We must never allow genetic testing for the insurer because the basis for the insurance business should be based on chance rather than selection between good genes and bad genes.

Let me put forth a simple analogy.  An accident happens by chance but bad genes with health problems happen with certainty.  We must not let genetic testing become a standard practice in the insurance industry because people with bad genes will be penalized and this practice will only improve the profitability of the insurance companies.  In the future, all insurance payouts will only be for accident-related incidents because of selections based on genetic testing.

It seems that SGX is kicked out of the Aramco IPO race.

https://www.channelnewsasia.com/news/business/in-aramco-ipo--china-talks-crucial-for-choice-of-listing-venue--sources-9917622

Saudi didn't talk to Singapore at all except China, Japan & SK.

We stated previously that SGX won't stand a chance.  However, the CEO was being too unrealistic and optimistic about his goal and he showed his naivety in his analysis.

When a CEO doesn't understand the capital market, SGX will deteriorate under his helm.

http://sg-stock.blogspot.sg/2017/10/is-sgx-being-too-optimistic-or-naive-in.html

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/06/16	DBS Vickers	MM2 Asia	0.77	1.05	Buy	PER19x
01/12/16	UOB Kay Hian	MM2 Asia	0.745	1.01	Buy
02/05/16	DBS Vickers	MM2 Asia	0.71	1.05	Buy
02/10/16	UOB Kay Hian	MM2 Asia	0.72	1.01	Buy	PER20.3x FY17
03/08/16	DBS Vickers	MM2 Asia	0.49	0.52	Buy
03/24/16	UOB Kay Hian	MM2 Asia	0.54	0.64	Buy	PER22.3x
03/28/16	DBS Vickers	MM2 Asia	0.52	0.63	Buy	PER20x FY17
04/01/16	UOB Kay Hian	MM2 Asia	0.535	0.64	Buy
05/10/16	CIMB	MM2 Asia	0.54	0.7	Add	PER22x CY17
05/25/16	DBS Vickers	MM2 Asia	0.58	0.75	Buy
05/26/16	CIMB	MM2 Asia	0.62	0.73	Add	PER22x CY17
05/26/16	UOB Kay Hian	MM2 Asia	0.62	0.74	Buy
06/10/16	DBS Vickers	MM2 Asia	0.67	0.75	Buy	PER22x FY17
06/13/16	CIMB	MM2 Asia	0.7	0.73	Hold	PER22x CY17
07/01/16	DBS Vickers	MM2 Asia	0.69	0.83	Buy
08/01/16	CIMB	MM2 Asia	0.66	0.73	Hold	PER22x CY17
08/25/16	CIMB	MM2 Asia	0.705	0.84	Add	PER22x CY17
09/13/16	DBS Vickers	MM2 Asia	0.77	0.95	Buy	PER24x FY17
09/14/16	UOB Kay Hian	MM2 Asia	0.78	0.74	Buy
11/09/16	CIMB	MM2 Asia	0.465	0.52	Add	PER22x CY18
11/10/16	DBS Vickers	MM2 Asia	0.465	0.56	Buy	PER24x FY18, Ex 1-for-1 stock split
12/15/16	DBS Vickers	MM2 Asia	0.42	0.56	Buy	PER24x FY18
01/11/17	DBS Vickers	MM2 Asia	0.49	0.56	Buy
04/07/17	CIMB	MM2 Asia	0.5	0.6	Add	Sum of parts, PER22.6x FY18
04/13/17	DBS Vickers	MM2 Asia	0.5	0.63	Buy	Sum of parts
05/23/17	DBS Vickers	MM2 Asia	0.575	0.63	Buy	Sum of parts
05/24/17	DBS Vickers	MM2 Asia	0.585	0.7	Buy	Sum of parts
05/25/17	CIMB	MM2 Asia	0.585	0.65	Add	Sum of parts
06/14/17	CIMB	MM2 Asia	0.62	0.72	Add	Sum of parts
06/14/17	DBS Vickers	MM2 Asia	0.62	0.7	Buy
07/20/17	DBS Vickers	MM2 Asia	0.59	0.75	Buy	Sum of parts
07/25/17	CIMB	MM2 Asia	0.525	0.58	Hold	Sum of parts
08/14/17	DBS Vickers	MM2 Asia	0.465	0.6	Buy	Sum of parts
08/17/17	CIMB	MM2 Asia	0.475	0.58	Add	Sum of parts
11/02/17	DBS Vickers	MM2 Asia	0.58	0.73	Buy	Sum of parts
11/06/17	CIMB	MM2 Asia	0.55	0.76	Add	Sum of parts
12/20/17	CIMB	MM2 Asia	0.52	0.76	Add
01/05/18	DBS Vickers	MM2 Asia	0.545	0.73	Buy

MIT - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/03/17	Kim Eng	MIT	0.245	0.32	Not Rated	PB1.6x
11/22/17	Lim & Tan	MIT	0.245	0.32	Buy	PER8x FY18
01/03/18	Lim & Tan	MIT	0.26	0	Buy

Stock calls for 2 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/02/18	CIMB	AEM	4.97	6.62	Add	PER10x CY19
02/02/18	Kim Eng	AIMS AMP Cap Ind Reit	1.37	1.5	Buy
02/02/18	Lim & Tan	Ascendas Hospitality Trust	0.895	0	Hold
02/02/18	phillip	Cache Logistics	0.88	0.93	Accumulate	DDM
02/02/18	OCBC	Cache Logistics	0.88	0.85	Hold
02/02/18	DMG & Partners	Cache Logistics	0.88	0.98	Buy	DDM
02/02/18	Kim Eng	Cache Logistics	0.88	0.95	Buy
02/02/18	CIMB	Cache Logistics	0.88	0.88	Hold
02/02/18	Phillip	CapitaRetail China	1.67	1.66	Neutral	DDM, PB1.02x
02/02/18	OCBC	Comfortdelgro	2.15	2.12	Hold
02/02/18	UOB Kay Hian	DBS	26.61	28.38	Buy
02/02/18	CIMB	Guocoland	2.25	2.88	Add	RNAV (25% discount)
02/02/18	Deutsche	Keppel Corp	8.7	8.4	Hold
02/02/18	Deutsche	Sembcorp Marine	2.57	2.9	Buy
02/02/18	OCBC	Singapore Post	1.3	1.26	Hold
02/02/18	CIMB	Yongnam	0.35	0.53	Add	PB0.8x FY18

Another setback for Noble Group.

https://sg.finance.yahoo.com/news/noble-group-says-proposed-deals-sell-four-ships-033536957--sector.html

Noble Group is finding it difficult to sell its assets as buyers are getting wary of Noble.

Why are buyers getting wary of Noble?

More bad news for Bitcoin!

https://sg.news.yahoo.com/bitcoin-plunges-20-japan-fearing-inspection-043203511.html

Bitcoin price has dropped to $8,000 now.

Let's see how Bitcoin will react to the G20 summit in March 2018.

India to ban cryptocurrency! Another setback for bitcoin!

https://finance.yahoo.com/news/bitcoin-skids-lowest-since-november-124450120.html

Besides merchants dumping bitcoin payment system, governments are also banning crypto trading.

Do you still believe in crypto?

USA aegis missile defence system failed to intercept an incoming hostile missile.

https://sg.news.yahoo.com/missile-test-fail-u-unable-091712478.html

The effectiveness of the USA missile defence system is overstated by the USA.  The latest test showed that the Aegis defence system failed to intercept a simple incoming missile.  If the missile carries multiple warheads, the Aegis cannot protect the country at all.

Midas - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/20/16	OCBC	Midas	0.27	0.29	Hold
02/04/16	DBS Vickers	Midas	0.25	0.49	Buy
03/02/16	DBS Vickers	Midas	0.265	0.41	Buy	PB0.8x FY16
03/04/16	OCBC	Midas	0.275	0.295	Hold	PB0.55x FY16
05/16/16	OCBC	Midas	0.265	0.295	Hold
08/15/16	OCBC	Midas	0.24	0.25	Hold	PB0.5x FY16
08/16/16	DBS Vickers	Midas	0.24	0.38	Buy	PB0.8x FY16
11/18/16	DBS Vickers	Midas	0.225	0.38	Buy	PB0.8x
11/24/16	OCBC	Midas	0.225	0.245	Hold	PB0.5x FY17
03/01/17	OCBC	Midas	0.26	0.255	Hold	PB0.6x FY17
03/02/17	DBS Vickers	Midas	0.245	0.36	Buy
04/10/17	DBS Vickers	Midas	0.225	0.36	Buy
04/11/17	OCBC	Midas	0.23	0.255	Hold
05/18/17	OCBC	Midas	0.225	0.245	Hold	PB0.6x FY17
05/23/17	DBS Vickers	Midas	0.225	0.36	Buy
08/16/17	OCBC	Midas	0.215	0.225	Hold	PB0.5x FY17
08/16/17	DBS Vickers	Midas	0.215	0.36	Buy	PB0.8x
11/14/17	OCBC	Midas	0.215	0.225	Hold

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Percent	Valuation
09/22/17	Phillip	Micro-Mechanics	1.545	2	Buy	29.45	PER15x FY18
10/31/17	Phillip	Micro-Mechanics	2.03	2.5	Buy	23.15	PER16x FY18
01/31/18	Phillip	Micro-Mechanics	2.35	2.5	Accumulate	6.38

Stock calls for 1 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/01/18	Lim & Tan	AIMS AMP Cap Ind Reit	1.37	0	Hold
02/01/18	DBS Vickers	CapitaRetail China	1.69	1.8	Buy	DCF
02/01/18	OCBC	CapitaRetail China	1.69	1.66	Hold
02/01/18	DBS Vickers	Chip Eng Seng	1.01	1.18	Buy
02/01/18	OCBC	DBS	26.4	29.5	Buy	PB1.45x FY18
02/01/18	CIMB	OUE Commercial	0.75	0.75	Hold	DDM
02/01/18	OCBC	OUE Commercial	0.75	0.69	Hold
02/01/18	UOB Kay Hian	Thai Beverage	0.92	1.06	Buy	Sum of parts

Another merchant has dumped bitcoin payment system.

https://www.coindesk.com/stripe-to-end-support-for-bitcoin-transactions/

Stripe will end bitcoin payment system after Steam.

We've stated on numerous occasions that bitcoin is impractical to be used for transactions.

http://sg-stock.blogspot.sg/2017/12/how-practical-and-useful-is-bitcoin.html

When people don't use bitcoin but only speculate in bitcoin, there is no real value in bitcoin.

Metro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/26/16	Lim & Tan	Metro	1.09	0	Hold
10/12/16	Lim & Tan	Metro	1.01	0	Hold
05/30/17	Lim & Tan	Metro	1.17	0	Hold

Mermaid Maritime - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/17/16	DBS Vickers	Mermaid Maritime	0.116	0.09	Fully Valued	PB0.2x FY16
03/01/16	DBS Vickers	Mermaid Maritime	0.104	0.09	Fully Valued
05/25/16	DBS Vickers	Mermaid Maritime	0.102	0.09	Fully Valued
06/10/16	CIMB	Mermaid Maritime	0.122	0.16	Add	PB0.5x FY16
09/30/16	CIMB	Mermaid Maritime	0.102	0.16	Add
10/21/16	CIMB	Mermaid Maritime	0.103	0.16	Add	PB0.5x FY16
11/16/16	CIMB	Mermaid Maritime	0.119	0.17	Add	PB0.5x FY17
11/16/16	DBS Vickers	Mermaid Maritime	0.119	0.12	Hold	PB0.35x FY17
12/05/16	CIMB	Mermaid Maritime	0.145	0.17	Add	PB0.5x FY17
12/05/16	DBS Vickers	Mermaid Maritime	0.145	0.14	Hold
01/03/17	CIMB	Mermaid Maritime	0.15	0.24	Add	PB0.65x CY17
01/09/17	DBS Vickers	Mermaid Maritime	0.195	0.24	Buy	PB0.7x FY17
03/02/17	CIMB	Mermaid Maritime	0.2	0.28	Add	PB0.77x FY17
03/02/17	DBS Vickers	Mermaid Maritime	0.2	0.25	Buy	DCF & PER0.7x
05/17/17	CIMB	Mermaid Maritime	0.18	0.19	Hold	PB0.56x FY17
05/17/17	DBS Vickers	Mermaid Maritime	0.18	0.2	Hold	Sum of parts
08/18/17	CIMB	Mermaid Maritime	0.143	0.14	Reduce	PB0.4x FY17
08/18/17	DBS Vickers	Mermaid Maritime	0.143	0.14	Hold	PB0.6x
09/14/17	CIMB	Mermaid Maritime	0.126	0.14	Reduce
11/16/17	CIMB	Mermaid Maritime	0.138	0.14	Reduce	PB0.4x CY17
11/17/17	DBS Vickers	Mermaid Maritime	0.138	0.14	Hold	PB0.6x
01/12/18	CIMB	Mermaid Maritime	0.139	0.14	Hold	PB0.43x CY18
01/23/18	DBS Vickers	Mermaid Maritime	0.155	0.14	Hold

Stock calls for 31 January 2018

Date	Analyst	Company	Last	Target	Call	Valuation
01/31/18	DBS Vickers	China Aviation Oil	1.65	2.08	Buy	PER13x FY18
01/31/18	Phillip	Micro-Mechanics	2.35	2.5	Accumulate
01/31/18	DBS Vickers	OUE Hospitality	0.885	0.93	Buy	DCF
01/31/18	Lim & Tan	OUE Hospitality	0.885	0	Hold

Taiwanese ex-judge was caught selling coal for North Korea!

http://www.taipeitimes.com/News/front/archives/2018/01/31/2003686741

After a Taiwanese businessman was caught selling oil to North Korea in international water, another Taiwanese ex-judge was caught selling coal for North Korea to Vietnam.

We know now that Vietnam has been buying North Korea's coal for a long time.  How will the USA deal with Taiwan & Vietnam?

Let's see.

Indian man raped an 8-month old baby!

https://sg.news.yahoo.com/outcry-india-eight-month-old-baby-girl-raped-cousin-094544449.html

Indian men are just beasts!

They can get sexually excited easily when they see babies and women.

https://sg-stock.blogspot.sg/2017/11/indian-man-raped-18-month-toddler.html

https://sg-stock.blogspot.sg/2017/02/visit-india-at-your-own-risk.html

https://sg-stock.blogspot.sg/2017/10/here-we-go-again-indian-man-raped-woman.html

Bitcoin encourages illegal money transfers.

https://finance.yahoo.com/news/south-korea-says-uncovered-600-million-cryptocurrency-crimes-024544384--business.html

This kind of illegal money transfer will prompt the Korean government to do more to ban crypto trading because bitcoin will disrupt monetary policies such as capital control in times of economic downturns.

We've stated this a couple of times.

http://sg-stock.blogspot.sg/2017/09/china-has-made-decision-to-shut-down.html

Memtech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/22/16	OCBC	Memtech	0.615	0.72	Hold	Stock consol 5-into-1
02/29/16	CIMB	Memtech	0.595	0.94	Add	PER9x CY17
02/29/16	OCBC	Memtech	0.595	0.725	Hold	PER9.1x
03/07/16	OCBC	Memtech	0.65	0.725	Hold
03/17/16	CIMB	Memtech	0.63	0.94	Add
04/01/16	OCBC	Memtech	0.7	0.725	Hold
04/29/16	Amfrasers	Memtech	0.73	0.69	Hold
05/03/16	OCBC	Memtech	0.69	0.68	Hold	PER11.1x
05/04/16	CIMB	Memtech	0.69	0.86	Add	PER9x CY17
06/01/16	OCBC	Memtech	0.665	0.68	Hold
06/20/16	CIMB	Memtech	0.66	0.86	Add	PER9x CY17
08/10/16	OCBC	Memtech	0.63	0.5	Hold
08/15/16	Amfrasers	Memtech	0.57	0.52	Hold	PER8x FY16/17
08/15/16	CIMB	Memtech	0.57	0.64	Add	PER8x FY17
08/17/16	OCBC	Memtech	0.58	0.48	Hold	PER11.1x FY16/17
09/13/16	OCBC	Memtech	0.6	0.48	Hold
11/14/16	Amfrasers	Memtech	0.595	0.67	Buy	PER8x FY17
11/14/16	CIMB	Memtech	0.595	0.74	Add	PER8x CY18
11/14/16	OCBC	Memtech	0.595	0.76	Buy	PER11.1x FY17
12/06/16	CIMB	Memtech	0.63	0.74	Add	PER8x CY18
01/10/17	OCBC	Memtech	0.635	0.76	Buy
02/27/17	CIMB	Memtech	0.65	0.76	Add	PER8x FY18
02/27/17	OCBC	Memtech	0.65	0.77	Hold	PER11.1x FY17, Buy @ $0.60 or lower
04/25/17	Lim & Tan	Memtech	0.79	1	Buy	PER10.6x, PB0.9x
04/25/17	UOB Kay Hian	Memtech	0.79	1.05	Buy
04/28/17	CIMB	Memtech	0.875	1.09	Add	PER10x FY18
05/02/17	OCBC	Memtech	0.855	0.85	Hold
05/19/17	CIMB	Memtech	0.785	1.09	Add	PER10x FY18
05/29/17	Lim & Tan	Memtech	0.92	1.1	Buy	PER11x, PB1x
05/30/17	UOB Kay Hian	Memtech	0.97	1.15	Buy	PER12.5x FY17
07/03/17	UOB Kay Hian	Memtech	0.895	1.15	Buy	PER12.5x FY17
07/05/17	CIMB	Memtech	0.905	1.09	Add
07/06/17	OCBC	Memtech	0.91	0.85	Hold
07/28/17	Lim & Tan	Memtech	1.005	0	Buy
08/04/17	CIMB	Memtech	1.035	1.16	Add	PER10.4x FY18
08/08/17	UOB Kay Hian	Memtech	1.02	1.15	Buy	PER12.5x FY17
08/11/17	UOB Kay Hian	Memtech	1.04	1.18	Buy	PER10.3x FY18
08/11/17	Lim & Tan	Memtech	1.04	1.13	Buy	PB1x
09/05/17	UOB Kay Hian	Memtech	0.945	1.18	Buy	PER10.3x FY18
10/04/17	UOB Kay Hian	Memtech	1.01	1.18	Buy	PER10.3x FY18
10/11/17	UOB Kay Hian	Memtech	1.045	1.33	Buy	PER11.6x FY18
10/11/17	Lim & Tan	Memtech	1.045	1.3	Buy	PER13.7x
11/02/17	UOB Kay Hian	Memtech	1.175	1.33	Buy
11/13/17	CIMB	Memtech	1.14	1.33	Add	PER10x FY19
12/20/17	CIMB	Memtech	1.09	1.33	Add
01/10/18	CIMB	Memtech	1.15	1.33	Add
01/24/18	CLSA	Memtech	1.28	2	Buy	PEG0.45x, PER15x CY18