Keppel Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Keppel Corp	5.79	6.52	Buy	Sum of parts
01/05/17	Deutsche	Keppel Corp	5.82	5.9	Hold	Sum of parts (15% discount)
01/16/17	DIR	Keppel Corp	6.12	5.72	Hold
01/25/17	Credit Suisse	Keppel Corp	6.36	5	Underperform
01/27/17	CIMB	Keppel Corp	6.38	5.21	Reduce	RNAV
01/27/17	DIR	Keppel Corp	6.38	5.93	Hold	Sum of parts (10% discount)
01/27/17	DMG & Partners	Keppel Corp	6.38	7.39	Buy	Sum of parts, PER10x FY17
01/27/17	Lim & Tan	Keppel Corp	6.38	0	Sell	Bloomberg consensus $5.79
01/27/17	OCBC	Keppel Corp	6.38	6.26	Hold
01/27/17	UOB Kay Hian	Keppel Corp	6.38	6.45	Hold	Sum of parts, Buy @ $5.90
01/31/17	Amfrasers	Keppel Corp	6.27	6.5	Hold	Sum of parts
01/31/17	DBS Vickers	Keppel Corp	6.27	6	Hold	Sum of parts
02/17/17	CLSA	Keppel Corp	6.53	7.6	Buy
02/22/17	OCBC	Keppel Corp	6.57	7.4	Buy
03/01/17	Credit Suisse	Keppel Corp	6.81	8.7	Outperform	Sum of parts
03/14/17	DIR	Keppel Corp	6.75	6.44	Hold	Sum of parts
03/14/17	Deutsche	Keppel Corp	6.75	6.4	Hold
03/20/17	DBS Vickers	Keppel Corp	6.87	6	Hold	Sum of parts, PB0.9x FY17
03/20/17	UOB Kay Hian	Keppel Corp	6.87	6.45	Hold	Sum of parts, Buy @ $6.10
03/21/17	CIMB	Keppel Corp	6.85	7.24	Hold	Sum of parts
03/22/17	DMG & Partners	Keppel Corp	6.83	7.77	Buy	Sum of parts, PER10.6x FY17
03/22/17	OCBC	Keppel Corp	6.83	7.4	Buy
03/22/17	UOB Kay Hian	Keppel Corp	6.83	6.98	Hold	Sum of parts, Buy @ $6.25
04/07/17	Credit Suisse	Keppel Corp	6.84	8.7	Outperform
04/11/17	Lim & Tan	Keppel Corp	6.96	0	Hold
04/21/17	CIMB	Keppel Corp	6.55	7.24	Hold	Sum of parts
04/21/17	DIR	Keppel Corp	6.55	6.44	Hold	Sum of parts (10% discount)
04/21/17	OCBC	Keppel Corp	6.55	7.36	Buy	PB1.1x
04/21/17	UOB Kay Hian	Keppel Corp	6.55	6.55	Hold	Sum of parts, Buy @ $5.90
04/24/17	DBS Vickers	Keppel Corp	6.56	6	Hold	Sum of parts, PB0.9x FY17
04/24/17	DMG & Partners	Keppel Corp	6.56	7.56	Buy	Sum of parts
04/25/17	Amfrasers	Keppel Corp	6.51	7.02	Buy	Sum of parts
04/28/17	Macquarie	Keppel Corp	6.57	5.8	Neutral
05/24/17	UOB Kay Hian	Keppel Corp	6.55	6.55	Hold
05/30/17	DMG & Partners	Keppel Corp	6.48	7.55	Buy	Sum of parts
06/02/17	OCBC	Keppel Corp	6.46	7.36	Buy	Sum of parts (10% discount)
06/20/17	UOB Kay Hian	Keppel Corp	6.31	6.55	Hold
06/30/17	DMG & Partners	Keppel Corp	6.36	7.34	Buy	Sum of parts
07/04/17	Credit Suisse	Keppel Corp	6.32	8.7	Outperform
07/05/17	DIR	Keppel Corp	6.34	6.44	Hold	Sum of parts
07/05/17	OCBC	Keppel Corp	6.34	7.36	Buy
07/07/17	UOB Kay Hian	Keppel Corp	6.4	6.55	Hold	Sum of parts, Buy @ $5.90
07/21/17	UOB Kay Hian	Keppel Corp	6.53	6.86	Hold	Sum of parts, Buy @ $6.20
07/21/17	CIMB	Keppel Corp	6.53	7.24	Hold	Sum of parts
07/21/17	DIR	Keppel Corp	6.53	6.39	Hold	Sum of parts
07/21/17	DBS Vickers	Keppel Corp	6.53	7.6	Buy	Sum of parts, PB1.1x FY17
07/21/17	Lim & Tan	Keppel Corp	6.53	0	Hold
07/24/17	Macquarie	Keppel Corp	6.58	5.8	Neutral
07/24/17	Amfrasers	Keppel Corp	6.58	7.61	Buy	Sum of parts
08/01/17	Credit Suisse	Keppel Corp	6.41	8.7	Outperform	PER12.1x FY17, PB0.9x
08/18/17	Lim & Tan	Keppel Corp	6.33	0	Hold
08/18/17	DBS Vickers	Keppel Corp	6.33	7.6	Buy	Sum of parts
08/25/17	CIMB	Keppel Corp	6.36	7.24	Hold	Sum of parts
08/25/17	Morgan Stanley	Keppel Corp	6.36	6.18	Equal Weight	Sum of parts
08/29/17	DMG & Partners	Keppel Corp	6.39	7.34	Buy	Sum of parts
09/13/17	OCBC	Keppel Corp	6.27	7.36	Buy
09/15/17	UOB Kay Hian	Keppel Corp	6.29	6.86	Hold
09/20/17	DBS Vickers	Keppel Corp	6.38	7.6	Buy	Sum of parts
09/20/17	Deutsche	Keppel Corp	6.38	7.5	Buy
09/27/17	Credit Suisse	Keppel Corp	6.46	8.7	Outperform
10/02/17	UOB Kay Hian	Keppel Corp	6.49	6.71	Hold
10/05/17	Lim & Tan	Keppel Corp	6.52	0	Buy
10/06/17	OCBC	Keppel Corp	6.59	7.36	Buy
10/09/17	DBS Vickers	Keppel Corp	6.68	7.6	Buy
10/11/17	Credit Suisse	Keppel Corp	6.77	8.7	Outperform	Sum of parts
10/13/17	CIMB	Keppel Corp	6.79	8.58	Add	Sum of parts
10/20/17	OCBC	Keppel Corp	7.02	7.73	Buy
10/20/17	Amfrasers	Keppel Corp	7.02	7.61	Buy	Sum of parts
10/20/17	UOB Kay Hian	Keppel Corp	7.02	8.35	Buy	Sum of parts
10/20/17	Lim & Tan	Keppel Corp	7.02	0	Buy
10/23/17	DMG & Partners	Keppel Corp	7.3	7.92	Buy	Sum of parts
10/27/17	OCBC	Keppel Corp	7.4	8.31	Buy	Sum of parts
11/03/17	Morgan Stanley	Keppel Corp	7.66	6.18	Equal Weight	Sum of parts
11/09/17	UOB Kay Hian	Keppel Corp	7.57	8.35	Buy
11/09/17	Deutsche	Keppel Corp	7.57	8.6	Buy
11/17/17	CIMB	Keppel Corp	7.28	8.58	Add
11/24/17	Lim & Tan	Keppel Corp	7.59	0	Buy
11/29/17	OCBC	Keppel Corp	7.74	8.41	Buy
12/04/17	Lim & Tan	Keppel Corp	7.76	0	Buy
12/08/17	UOB Kay Hian	Keppel Corp	7.49	8.98	Buy	Sum of parts
12/18/17	Amfrasers	Keppel Corp	7.53	8.67	Buy	Sum of parts
12/20/17	CIMB	Keppel Corp	7.5	8.58	Add	Sum of parts
12/26/17	Amfrasers	Keppel Corp	7.47	8.04	Buy	Sum of parts
12/26/17	OCBC	Keppel Corp	7.47	8.12	Buy	Sum of parts (10% discount)
12/26/17	Lim & Tan	Keppel Corp	7.47	0	Hold
12/27/17	Deutsche	Keppel Corp	7.29	8.1	Buy	Sum of parts (20% discount)
01/02/18	UOB Kay Hian	Keppel Corp	7.35	8.75	Buy	Sum of parts
01/02/18	CIMB	Keppel Corp	7.35	8.58	Add	Sum of parts
01/09/18	DBS Vickers	Keppel Corp	7.77	9.8	Buy	Sum of parts, PB1.3x FY18
01/10/18	Amfrasers	Keppel Corp	7.85	8.04	Buy
01/10/18	Deutsche	Keppel Corp	7.85	8.5	Buy
01/22/18	OCBC	Keppel Corp	8.25	9.32	Buy
01/23/18	DBS Vickers	Keppel Corp	8.29	10.3	Buy	Sum of parts, PB1.3x FY18
01/26/18	OCBC	Keppel Corp	8.58	9.45	Buy
01/26/18	UOB Kay Hian	Keppel Corp	8.58	9.3	Buy	Sum of parts
01/26/18	DBS Vickers	Keppel Corp	8.58	10.2	Buy
01/26/18	Lim & Tan	Keppel Corp	8.58	0	Buy on weakness
01/26/18	CIMB	Keppel Corp	8.58	10	Add	Sum of parts
02/02/18	Deutsche	Keppel Corp	8.7	8.4	Hold
02/07/18	CIMB	Keppel Corp	8.19	10	Add
02/13/18	UOB Kay Hian	Keppel Corp	7.8	9.3	Buy
02/13/18	DBS Vickers	Keppel Corp	7.8	10.2	Buy
03/02/18	UOB Kay Hian	Keppel Corp	8.01	9.3	Buy
03/05/18	Credit Suisse	Keppel Corp	7.87	10	Outperform
03/05/18	CIMB	Keppel Corp	7.87	10	Add	Sum of parts
03/05/18	OCBC	Keppel Corp	7.87	9.45	Buy
03/06/18	DBS Vickers	Keppel Corp	7.63	10.2	Buy	Sum of parts
03/12/18	Lim & Tan	Keppel Corp	7.73	0	Buy
03/12/18	Amfrasers	Keppel Corp	7.73	8.04	Buy
03/21/18	UOB Kay Hian	Keppel Corp	7.77	9.1	Buy	Sum of parts
03/26/18	Morgan Stanley	Keppel Corp	7.72	9.45	Overweight	Sum of parts, Up from $9.01
04/03/18	CIMB	Keppel Corp	7.8	10	Add	Sum of parts
04/03/18	UOB Kay Hian	Keppel Corp	7.8	9.1	Buy
04/03/18	DBS Vickers	Keppel Corp	7.8	10.2	Buy
04/11/18	OCBC	Keppel Corp	7.81	9.45	Buy	Sum of parts
04/20/18	UOB Kay Hian	Keppel Corp	8.07	9	Buy	Sum of parts
04/20/18	Lim & Tan	Keppel Corp	8.07	0	Hold
04/23/18	Amfrasers	Keppel Corp	8.21	9.43	Buy	Sum of parts
05/03/18	UOB Kay Hian	Keppel Corp	8.15	9	Buy	Sum of parts
05/03/18	OCBC	Keppel Corp	8.15	9.4	Buy
05/08/18	Credit Suisse	Keppel Corp	8.13	10	Outperform
05/22/18	CIMB	Keppel Corp	8.19	10	Add	Sum of parts
06/04/18	UOB Kay Hian	Keppel Corp	7.65	9	Buy
06/05/18	DBS Vickers	Keppel Corp	7.75	10.2	Buy

Stock calls for 18 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/18/18	DBS Vickers	APAC Realty	0.815	1.22	Buy	DCF
06/18/18	NRA	Asian Healthcare	0.27	0.355	Not Rated	PER24.2x FY19, EV/Ebitda16.18x FY19, Mid-point of target $0.33-$0.38
06/18/18	OCBC	Far East Hospitality	0.67	0.735	Buy
06/18/18	Lim & Tan	Ho Bee	2.37	0	Buy
06/18/18	OCBC	Hotel Properties	3.73	4.74	Buy
06/18/18	CIMB	Singtel	3.19	3.9	Add

Bank for International Settlement has issued an opinion on Crypto.

https://www.bloombergquint.com/markets/2018/06/17/bitcoin-could-break-the-internet-central-banks-overseer-says

https://sg.news.yahoo.com/bigger-cryptocurrencies-worse-perform-bis-161234718--sector.html

First of all, BIS is the central bank of all central banks.  Therefore, its opinion is highly valued and followed by other central banks.

The latest opinion on decentralized crypto is definitely negative for the Crypto industry.

The forces of nature - Heavy rainfall in Austria.

Simply amazing!  This is something you can never see in SG.

Canada is leading the pack to boycott US goods.

https://www.channelnewsasia.com/news/business/at-odds-with-trump-over-trade--canadians-say-they-will-avoid-us-goods--poll-10437876

Kudos to Canada!

Let's support Canada's move and boycott US goods to show Trump that "America First" policy won't work.  The world will show Trump that "America First" will become "America Last".

Bike sharing business concept is not working in Singapore anymore.

http://theindependent.sg/bike-sharing-companies-might-have-to-cycle-out-of-singapore-markets-due-to-new-legislation/

We've stated before that this kind of business concept is flawed and won't be sustainable.  Therefore, we're not surprised that they're downsizing and getting out of SG.

https://sg-stock.blogspot.com/2017/08/shared-bikes-business-model-is-flawed.html

The stock market will start in the red next week.

https://finance.yahoo.com/news/latest-china-says-retaliate-us-tariffs-080311519--finance.html

The stock market will start in the red next week because of the USA waging a trade war with China.

There is no way for China not to take retaliatory actions against the USA because of national pride and interest.  If Trump thinks that the USA will win this trade war, he is dead wrong because the Chinese citizens have deeper pockets than US citizens and can last longer than the Americans.  Furthermore,  Trump has an election coming up but President Xi doesn't have an election in China.  Therefore, President Xi has no political pressure to cave in to Trump.

Baltic dry index - 1445

Today, Friday, June 15 2018, the Baltic Dry Index climbed by 12 points, reaching 1445 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 - 1059

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 1,059.

At this time a year ago there were 933 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 863 rigs drilled for oil this week and 194 for gas. Two were listed as miscellaneous.

Among major oil- and gas-producing states, New Mexico and North Dakota each added three rigs and Louisiana gained one.

Texas lost four rigs, Alaska declined by two and Colorado, Ohio, Pennsylvania and West Virginia each lost one.

Arkansas, California, Oklahoma, 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

US-China trade war is back!

https://sg.finance.yahoo.com/news/trump-meet-top-trade-advisers-activation-china-tariffs-215136078--business.html

Trump is reactivating his US-China trade war after settling Kim in Singapore.

China has stated clearly that it is ready for the trade war.  Let's see how this will pan out.

OPEC will face a formidable nemesis in the future.

https://finance.yahoo.com/news/india-china-look-form-oil-220000529.html

It is a great news for all oil-importing countries because India & China will form an "Oil buyers' club" to negotiate with OPEC.

OPEC has been imposing discriminating pricing strategy on Asian countries with ASIAN PREMIUM measure because we have no bargaining power.  In the future, we can say NO to OPEC's pricing with this new club's prowess.

Kudos to India & China for making Asia a more competitive region.

K1 Ventures - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/15/17	DMG & Partners	K1 Ventures	0.835	0	Take Profit

Jumbo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/17	UOB Kay Hian	Jumbo	0.725	0.65	Hold	DCF
02/15/17	DBS Vickers	Jumbo	0.715	0.72	Hold	PER23x FY17
02/15/17	Kim Eng	Jumbo	0.715	0.75	Hold	DCF
03/27/17	Lim & Tan	Jumbo	0.705	0	Hold
03/28/17	UOB Kay Hian	Jumbo	0.695	0.67	Hold	DCF, Buy @ $0.61
05/16/17	DBS Vickers	Jumbo	0.655	0.72	Hold	PER23x FY17/18
05/16/17	Kim Eng	Jumbo	0.655	0.66	Hold	DCF
05/16/17	UOB Kay Hian	Jumbo	0.655	0.64	Hold	DCF, Buy @ $0.58
08/10/17	DBS Vickers	Jumbo	0.59	0.67	Hold	PER23x FY18
08/11/17	UOB Kay Hian	Jumbo	0.56	0.6	Hold	DCF, Buy @ $0.54
11/27/17	DBS Vickers	Jumbo	0.58	0.61	Hold	PER23x FY18
11/27/17	Lim & Tan	Jumbo	0.58	0	Neutral
11/28/17	UOB Kay Hian	Jumbo	0.565	0.6	Hold	DCF, Buy @ $0.54
12/13/17	DBS Vickers	Jumbo	0.585	0.7	Buy	DCF
12/13/17	Kim Eng	Jumbo	0.585	0.7	Buy	DCF
01/04/18	Kim Eng	Jumbo	0.59	0.7	Buy	DCF, PER26x FY18
02/15/18	Kim Eng	Jumbo	0.57	0.7	Buy	DCF, PER26x FY18
02/15/18	DBS Vickers	Jumbo	0.57	0.58	Hold	PER23x FY18
02/19/18	UOB Kay Hian	Jumbo	0.575	0.59	Hold	DCF, Buy @ $0.53
03/12/18	Kim Eng	Jumbo	0.55	0.7	Buy	DCF
05/15/18	DBS Vickers	Jumbo	0.56	0.58	Hold	PER23x FY18/19
05/16/18	UOB Kay Hian	Jumbo	0.54	0.53	Hold	DCF, Buy @ $0.48

Stock calls for 14 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/14/18	DBS Vickers	China Everbright	0.41	0.65	Buy
06/14/18	CIMB	Religare Health Trust	0.765	0.81	Hold	DDM
06/14/18	OCBC	SATS	5.06	5.5	Buy

120 countries condemn Israel & US in the UN.

https://sg.news.yahoo.com/un-votes-condemning-israel-over-gaza-violence-012333138.html

It's great to see that JUSTICE is slowly crawling back in UN and the UN is not dominated by the mighty and big bully, USA.

I wonder what SG voted for in this UN resolution.

Jubilee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/04/17	NRA	Jubilee	0.043	0.07	Overweight
10/13/17	NRA	Jubilee	0.048	0.067	Overweight
03/12/18	CIMB	Jubilee	0.037	0.051	Add	Sum of parts
06/01/18	CIMB	Jubilee	0.039	0.051	Add	Sum of parts

Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/17	CIMB	Japfa	0.92	1.53	Add	Sum of parts, PER11.6x CY17
02/10/17	DBS Vickers	Japfa	1.02	1.26	Buy
03/03/17	CIMB	Japfa	0.9	1.41	Add	Sum of parts
03/06/17	DBS Vickers	Japfa	0.89	1.25	Buy	Sum of parts, PER10.1x FY17
04/10/17	DBS Vickers	Japfa	0.835	1.25	Buy
04/17/17	CIMB	Japfa	0.805	0.69	Reduce	Sum of parts
04/24/17	DBS Vickers	Japfa	0.63	1	Buy	Sum of parts, EV/Ebitda6.5x FY17, PER10.5x FY17
05/02/17	CIMB	Japfa	0.605	0.58	Reduce	Sum of parts, PER8.2x CY17, PER7.2x CY18
05/02/17	DBS Vickers	Japfa	0.605	0.84	Buy	Sum of parts, PER10.7x FY17
07/05/17	DBS Vickers	Japfa	0.65	0.88	Buy	Sum of parts
07/31/17	CIMB	Japfa	0.595	0.55	Reduce	Sum of parts

Stock calls for 13 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/13/18	DBS Vickers	City Developments	11.52	15.4	Buy
06/13/18	OCBC	DBS	28.48	34.6	Buy
06/13/18	phillip	Shopper360	0.18	0.33	Trading Buy	PER7x FY19
06/13/18	UOB Kay Hian	SPH	2.69	2.46	Hold	Buy @ $2.40
06/13/18	OCBC	UOB	27.86	31.02	Buy
06/13/18	DBS Vickers	UOL	8	10.23	Buy
06/13/18	CIMB	UOL	8	9.65	Add	RNAV (20% discount)
06/13/18	Lim & Tan	Venture	20.65	0	Accumulate

Mahathir is so sly and flip-flop to avoid paying damages to Singapore.

https://sg.finance.yahoo.com/news/high-speed-rail-not-scrapped-040953118.html

To avoid paying SG $500m in damages for the termination of KL-SG HSR, Mahathir has changed his tone by saying that he is simply deferring the HSR.  What a sly old man!

Japan Foods - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/17/17	Amfrasers	Japan Foods	0.445	0.56	Buy	DCF, PER18x FY18
05/29/17	Amfrasers	Japan Foods	0.48	0.54	Buy	DCF, PER18.7x FY18
08/04/17	Amfrasers	Japan Foods	0.43	0.53	Buy	DCF
11/15/17	Amfrasers	Japan Foods	0.43	0.53	Buy	DCF
02/14/18	Amfrasers	Japan Foods	0.46	0.54	Buy	DCF
05/07/18	DMG & Partners	Japan Foods	0.505	0.63	Buy	DCF, PER19x FY19
05/22/18	Amfrasers	Japan Foods	0.485	0.64	Buy	DCF

Jadason - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/08/17	DMG & Partners	Jadason	0.07	0.15	Buy	DCF, PER12x FY18
06/27/17	DMG & Partners	Jadason	0.088	0.15	Buy	DCF, PER12x FY18
07/03/17	CIMB	Jadason	0.084	0.17	Add	PER12.34x FY18
08/04/17	CIMB	Jadason	0.103	0.17	Add	PER12.34x FY18
08/07/17	DMG & Partners	Jadason	0.1	0.15	Buy	DCF, PER12x FY18
09/04/17	DMG & Partners	Jadason	0.102	0.12	Buy	DCF, PER11.4x FY18
09/05/17	CIMB	Jadason	0.095	0.13	Add	PER12.34x FY18
11/09/17	DMG & Partners	Jadason	0.093	0.1	Buy	DCF, PER11.3x FY18
11/13/17	CIMB	Jadason	0.087	0.11	Add	PER12.34x FY19
03/01/18	DMG & Partners	Jadason	0.073	0.08	Neutral	DCF
03/07/18	CIMB	Jadason	0.07	0.08	Add	PER12.34x FY19
05/16/18	CIMB	Jadason	0.05	0.077	Add	PB1x CY18
05/18/18	DMG & Partners	Jadason	0.05	0.05	Neutral	DCF

Stock calls for 12 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/12/18	DBS Vickers	CapitaCommercial	1.7	2.1	Buy
06/12/18	UOB Kay Hian	Starhub	1.84	1.98	Hold	DCF
06/12/18	DBS Vickers	Suntec Reit	1.74	2.3	Buy
06/12/18	OCBC	Yangzijiang	0.995	1.18	Buy	Sum of parts

Temasek is interested to buy Hainan Airlines.

https://www.bloombergquint.com/opinion/2018/06/11/singapore-inc-buys-an-overpriced-ticket-to-hainan

Temasek may be overpaying for debt-laden Hainan airlines.

I hope this won't become another multi-billion loss for our country again.

SCO has surpassed G7 already!

http://money.cnn.com/2018/06/08/news/economy/quebec-qingdao-summits-explainer/index.html

http://money.cnn.com/2018/06/11/news/economy/sco-summit-g7-trade-china/index.html

CNN has acknowledged that SCO is more important than G7 now and SCO will lead the world economies.

The recent SCO summit was a huge success compared to the G7 as this was the first time Pakistan and India (arch enemies) sat together in such a caucus.  Furthermore, Iran was involved as a future incumbent member.

Kudos to China for such a successful SCO!

ISOTeam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/17	DMG & Partners	ISOTeam	0.395	0.54	Buy	DCF, PER14x FY17
01/12/17	UOB Kay Hian	ISOTeam	0.405	0.6	Buy	DCF
02/14/17	UOB Kay Hian	ISOTeam	0.42	0.6	Buy	DCF
02/15/17	DMG & Partners	ISOTeam	0.405	0.59	Buy	DCF, PER13.5x FY17
03/02/17	UOB Kay Hian	ISOTeam	0.395	0.6	Buy
05/15/17	UOB Kay Hian	ISOTeam	0.37	0.54	Buy
08/28/17	DMG & Partners	ISOTeam	0.345	0.5	Buy	DCF
11/13/17	DMG & Partners	ISOTeam	0.345	0.46	Buy	DCF, PER13x FY18
02/13/18	UOB Kay Hian	ISOTeam	0.355	0.45	Buy	PER10.4x FY18
02/15/18	DMG & Partners	ISOTeam	0.33	0.46	Buy	DCF, PER13x FY18
05/17/18	DMG & Partners	ISOTeam	0.35	0.42	Buy	DCF

ISEC Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/17	Kim Eng	Isec Healthcare	0.345	0.4	Buy	PER23x FY18
07/13/17	Kim Eng	Isec Healthcare	0.315	0.4	Buy	PER23x FY18

Stock calls for 11 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/11/18	Lim & Tan	Capitaland	3.5	0	Buy
06/11/18	CIMB	DBS	28.5	34	Add	GGM, PB1.5x CY18
06/11/18	DBS Vickers	HRnetGroup	0.84	0.98	Buy
06/11/18	UOB Kay Hian	SATS	5.13	5.7	Buy
06/11/18	UOB Kay Hian	SIA	11.43	12.6	Buy
06/11/18	UOB Kay Hian	SIA Engineering	3.17	3.8	Buy
06/11/18	CIMB	Singapore Post	1.36	1.59	Add
06/11/18	CIMB	Thai Beverage	0.77	0.98	Add
06/11/18	CIMB	Venture	21.13	25.64	Add	PER15.4x

Singapore is sending a conflicting signal to the world on the nuclear weapon issue.

http://sg-stock.blogspot.com/2017/07/omg-singapore-didnt-support-banning-of.html

Singapore didn't support the banning of nuclear weapon in the UN but support the denuclearization of NK.  Is Singapore sending a conflicting signal about its stance on the nuclear weapon?

This was the same stance SG had adopted in the South China Sea issue.  SG doesn't recognize PCA as an International Court but it wants China to adhere to PCA's ruling.

Is Singapore adopting a selective rules-based system (a double standard system) now?

Taking stock of the world economic health.

Let's take a pulse on the world economic health.

https://www.businesstimes.com.sg/banking-finance/deutsche-bank-board-said-to-seek-6000-job-cuts-at-retail-unit

Deutsche bank will be retrenching 6000 employees.

https://sg.finance.yahoo.com/news/hp-plans-more-job-cuts-135301456.html

HP will be retrenching 5000 employees.

https://sg.finance.yahoo.com/news/rolls-royce-expected-slash-thousands-115200793.html

Rolls Royce will be retrenching 4000 employees.

Bank, IT and Aerospace are all not doing well and need to cut costs.  Is this a harbinger for a recession?

We're right about Kim's motives to visit China in May 2018.

https://www.nknews.org/2018/06/unusual-flights-from-pyongyang-raise-questions-about-kims-route-to-singapore/

Kim will fly to Singapore using China aeroplane.

We're right when we speculated his motives for visiting China in May 2018.

http://sg-stock.blogspot.com/2018/05/why-did-kim-visit-china-again-in-may.html

Mahathir to review CPTTP. Why?

https://sg.finance.yahoo.com/news/malaysias-mahathir-calls-review-trans-pacific-trade-pact-025902443--finance.html

I can't help but to raise my suspicion about Mahathir's intention to review the CPTTP.  Is Mahathir going to review everything that involves Singapore? CPTTP was already approved by 11 countries.  What more does he want from CPTTP?

Everything he did after becoming the PM was deemed to be hostile towards SG.

http://sg-stock.blogspot.com/2018/03/cpttp-is-nothing-compared-to-rcep.html

Baltic dry index - 1391

Today, Friday, June 08 2018, the Baltic Dry Index decreased by 4 points, reaching 1391 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 - 1062

HOUSTON (AP) - The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 1,062.

At this time a year ago there were 927 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 862 rigs drilled for oil this week and 198 for gas. Two were listed as miscellaneous.

Among major oil- and gas-producing states, Texas added three rigs, Colorado increased by two and Louisiana gained one.

Oklahoma and Wyoming declined by two rigs each and North Dakota decreased by one.

Alaska, Arkansas, California, New Mexico, Ohio, 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

Apple is in trouble now! - Part 4

https://www.thestreet.com/markets/apple-slides-on-report-suppliers-prepping-for-sharply-lower-iphone-orders-14615809

Apple has just prepped its suppliers for a 20% drop in sales in 2018.

We've been warning about Iphone's sales recently.

http://sg-stock.blogspot.com/2018/04/apple-is-in-trouble-now-part-3.html

ISDN - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/11/17	NRA	ISDN	0.27	0.3	Overweight
03/29/17	NRA	ISDN	0.197	0.32	Overweight	PER14.66x FY17
06/15/17	NRA	ISDN	0.225	0.32	Overweight	PER14.7x FY17
06/15/17	UOB Kay Hian	ISDN	0.225	0.35	Buy	PER10.6x FY18
07/03/17	UOB Kay Hian	ISDN	0.22	0.35	Buy
07/26/17	Lim & Tan	ISDN	0.225	0	Trading Buy
08/08/17	UOB Kay Hian	ISDN	0.26	0.35	Buy
08/15/17	Lim & Tan	ISDN	0.26	0	Sell	Take profit
11/15/17	UOB Kay Hian	ISDN	0.245	0.35	Buy
02/20/18	NRA	ISDN	0.22	0.32	Overweight	PER12.5x FY18
02/20/18	UOB Kay Hian	ISDN	0.22	0.35	Buy
02/20/18	Lim & Tan	ISDN	0.22	0	Trading Buy
02/28/18	Lim & Tan	ISDN	0.23	0	Take Profit
05/15/18	UOB Kay Hian	ISDN	0.21	0.365	Buy