Avi-Tech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/09/17	Lim & Tan	Avi-Tech	0.335	0	Buy
03/29/17	DMG & Partners	Avi-Tech	0.4	0.52	Buy	DCF, PER5.7x FY18, Ex-cash
05/15/17	DMG & Partners	Avi-Tech	0.44	0.52	Buy	DCF
08/07/17	DMG & Partners	Avi-Tech	0.51	0.52	Buy
08/21/17	DMG & Partners	Avi-Tech	0.47	0.59	Buy	DCF, PER12x FY18
08/21/17	Lim & Tan	Avi-Tech	0.47	0	Buy
11/14/17	DMG & Partners	Avi-Tech	0.525	0.59	Buy	DCF, PER12x FY18
01/24/18	DMG & Partners	Avi-Tech	0.48	0.59	Buy	DCF, PER12x FY18
02/20/18	DMG & Partners	Avi-Tech	0.49	0.59	Buy
05/08/18	DMG & Partners	Avi-Tech	0.455	0.46	Neutral	DCF, PER11.5x FY19
05/16/18	DMG & Partners	Avi-Tech	0.44	0.43	Neutral	DCF, PER11.5x FY19
06/27/18	DMG & Partners	Avi-Tech	0.39	0.43	Neutral

Stock calls for 7 September 2018

Date	Analyst	Company	Last	Target	Call	Valuation
09/07/18	OCBC	A-Reit	2.69	2.71	Hold
09/07/18	DBS Vickers	APAC Realty	0.565	0.62	Hold	PER10x FY19
09/07/18	OCBC	Frasers Logistics	1.08	1.19	Buy
09/07/18	phillip	Geo Energy	0.22	0.34	Buy
09/07/18	phillip	Golden Energy	0.255	0.41	Buy
09/07/18	UOB Kay Hian	M1	1.57	1.55	Sell
09/07/18	DMG & Partners	Silverlake	0.445	0.57	Buy

The US is starting an economic imperialism programme for developing countries.

https://sg.finance.yahoo.com/news/proposed-us-initiative-aims-apos-065000915.html

While the US accuses China of economic imperialism, it is starting its own imperialism programme for developing countries with the BUILD programme, albeit at a much smaller fund than China's BRI.

If you think the US won't impose any unreasonable conditions, you will be dead wrong about it because the US will only think of its own benefits.  A good example would be the abandoned TPP by the US because it couldn't impose more unreasonable conditions on other countries on top of the ISDS.

https://sg-stock.blogspot.com/2017/05/fearmongering-by-western-media.html

The US is finding an excuse to attack Syria now.

https://sg.news.yahoo.com/u-seen-evidence-syria-preparing-chemical-weapons-idlib-001207754.html

The US is using the same tactic to launch an attack against Syria now.  The US also said the same thing about Iraq possessing WMDs before the US attacked Iraq but couldn't find any WMDs at the end.

Astaka - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
08/24/17	NRA	Astaka	0.092	0.13	Overweight	RNAV (56% discount)

Aspen - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/29/17	CIMB	Aspen	0.23	0.29	Add
10/20/17	DMG & Partners	Aspen	0.22	0.31	Buy	RNAV (45% discount)
11/14/17	CIMB	Aspen	0.22	0.29	Add	RNAV (45% discount)
04/02/18	CIMB	Aspen	0.215	0.29	Add	RNAV (45% discount)

Asiaphos - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/14/17	NRA	Asiaphos	0.095	0.167	Overweight

Stock calls for 6 September 2018

Date	Analyst	Company	Last	Target	Call	Valuation
09/06/18	Kim Eng	Bukit Sembawang	5.92	5.1	Hold
09/06/18	Kim Eng	Capitaland	3.35	3.8	Buy
09/06/18	Kim Eng	City Developments	8.96	10.4	Hold
09/06/18	Kim Eng	Guocoland	1.88	1.9	Hold
09/06/18	Kim Eng	Ho Bee	2.59	3.05	Buy
09/06/18	DBS Vickers	Keppel Corp	6.44	9	Buy
09/06/18	OCBC	OUE	1.57	2.25	Buy
09/06/18	Kim Eng	Oxley	0.345	0.36	Hold
09/06/18	DBS Vickers	Sembcorp Industries	2.75	3.9	Buy
09/06/18	DBS Vickers	Sembcorp Marine	1.68	2.5	Buy
09/06/18	DMG & Partners	ST Engineering	3.26	3.97	Buy
09/06/18	Kim Eng	Starhub	1.61	1.96	Buy	DCF
09/06/18	UOB Kay Hian	Starhub	1.61	1.85	Hold	DCF
09/06/18	CIMB	Starhub	1.61	1.85	Add	DCF
09/06/18	DBS Vickers	Starhub	1.61	1.42	Hold	EV/Ebitda5.6x
09/06/18	DMG & Partners	Starhub	1.61	1.78	Neutral	DCF
09/06/18	CIMB	Synagie	0.215	0.34	Add	Price-to-Sales 2.2x CY19
09/06/18	Kim Eng	UOL	6.76	8.8	Buy

Turkey has chosen Russia over US.

https://sg.finance.yahoo.com/news/turkey-begins-constructing-russian-missile-040900524.html

With the purchase and installation of Russian S400 defence missile system, Turkey has blatantly defected from NATO and the USA.

Turkey, Russia, Syria and Iran will be the new coalition against Nato and the USA in the Middle East.  Furthermore, Iraq is also likely to join the new coalition if the USA continues its overbearing tactics against Iraq.

https://sg-stock.blogspot.com/2017/09/turkey-has-defected-from-nato.html

Trump had indicated that he would proceed with the $200b tariffs against china goods.

Trump had indicated that he would proceed with the $200b tariffs against China goods by refusing to strike any deal with China this time.

China has just announced that it will retaliate if the US proceeds with the proposed tariffs.

https://sg.finance.yahoo.com/news/china-says-retaliate-u-implements-tariffs-072843016--business.html

Japan typhoon - September 2018

Many flights have been cancelled and the Kansai airport is damaged.

https://www.theguardian.com/world/video/2018/sep/04/ship-crashes-into-airport-bridge-as-typhoon-jebi-reaches-japan-video

Asian Healthcare - Stock calls

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Date	Analyst	Company	Last	Target	Call	Valuation
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
07/11/18	UOB Kay Hian	Asian Healthcare	0.24	0.33	Buy	PER19.4x FY19

Ascendas India Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	Ascendas India Trust	1.025	1.13	Buy	DDM
02/01/17	DBS Vickers	Ascendas India Trust	1.05	1.12	Buy	DDM
02/01/17	Lim & Tan	Ascendas India Trust	1.05	0	Hold
04/27/17	DBS Vickers	Ascendas India Trust	1.135	1.2	Buy	DDM
07/25/17	DBS Vickers	Ascendas India Trust	1.16	1.15	Hold	DDM
10/26/17	DBS Vickers	Ascendas India Trust	1.145	1.15	Hold	DDM
11/27/17	DBS Vickers	Ascendas India Trust	1.13	1.25	Buy	DDM
01/30/18	DBS Vickers	Ascendas India Trust	1.13	1.25	Buy
04/26/18	DBS Vickers	Ascendas India Trust	1.01	1.22	Buy	DDM
04/26/18	Jefferies	Ascendas India Trust	1.01	1.2	Buy
05/15/18	DBS Vickers	Ascendas India Trust	1.05	1.22	Buy
06/26/18	DBS Vickers	Ascendas India Trust	1.02	1.25	Buy	DDM
07/26/18	DBS Vickers	Ascendas India Trust	1.09	1.25	Buy	DDM

Ascendas Hospitality Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/17	DBS Vickers	Ascendas Hospitality Trust	0.715	0.84	Buy	DCF
06/19/17	DBS Vickers	Ascendas Hospitality Trust	0.81	0.88	Buy	DCF
01/30/18	DBS Vickers	Ascendas Hospitality Trust	0.875	0.91	Buy
02/02/18	Lim & Tan	Ascendas Hospitality Trust	0.895	0	Hold
02/05/18	DBS Vickers	Ascendas Hospitality Trust	0.885	0.97	Buy	DCF
04/17/18	DBS Vickers	Ascendas Hospitality Trust	0.8	0.97	Buy
06/26/18	DBS Vickers	Ascendas Hospitality Trust	0.775	0.98	Buy	DCF
07/06/18	DBS Vickers	Ascendas Hospitality Trust	0.785	0.98	Buy

Stock calls for 5 September 2018

Date	Analyst	Company	Last	Target	Call	Valuation
09/05/18	CIMB	Frasers Centrepoint Trust	2.29	2.49	Add	DDM

Singapore stock market fell 1.69% today.

STI fell 1.69% at the close today because of anticipation of the US tariffs against China tonight.

Trump is expected to proceed with the proposed tariffs against China tonight and China will retaliate with the same might.

Let's see how Trump will react after China's retaliation.

Ascott Reit (ART) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/17	OCBC	ART	1.14	1.24	Buy
01/04/17	UOB Kay Hian	ART	1.14	1.3	Buy	DDM
01/09/17	DBS Vickers	ART	1.16	1.32	Buy	DCF
01/18/17	DIR	ART	1.17	1.24	Outperform	DDM
01/24/17	Lim & Tan	ART	1.17	0	Buy
01/25/17	CIMB	ART	1.185	1.14	Hold	DDM
01/25/17	DBS Vickers	ART	1.185	1.28	Buy	DCF
01/25/17	OCBC	ART	1.185	1.22	Hold
01/31/17	Credit Suisse	ART	1.185	1.23	Neutral
02/08/17	DIR	ART	1.14	1.24	Outperform	DDM
03/07/17	Lim & Tan	ART	1.17	0	Hold	CR = 29 for 100 @ $0.919
03/07/17	UOB Kay Hian	ART	1.17	1.3	Buy
03/08/17	CIMB	ART	1.13	1	Reduce	DDM
03/08/17	Credit Suisse	ART	1.13	1.11	Neutral
03/08/17	DIR	ART	1.13	1.12	Hold	DDM
03/08/17	OCBC	ART	1.13	1.16	Hold	Target $1.105 ex-rights 29-for-100 @ $0.919
03/08/17	UOB Kay Hian	ART	1.13	1.2	Hold	DDM, Ex rights 29 for 100 $0.919
03/23/17	OCBC	ART	1.065	1.105	Hold
04/06/17	OCBC	ART	1.1	1.05	Hold
04/11/17	UOB Kay Hian	ART	1.09	1.2	Hold
04/17/17	OCBC	ART	1.09	1.105	Hold
04/18/17	DIR	ART	1.095	1.12	Hold
04/24/17	DBS Vickers	ART	1.09	1.16	Buy	DCF, Ex-Rights
04/24/17	DIR	ART	1.09	1.08	Hold	DDM
04/24/17	OCBC	ART	1.09	1.09	Hold
04/24/17	UOB Kay Hian	ART	1.09	1.15	Hold	DDM, Buy @ $1 or below
05/25/17	UOB Kay Hian	ART	1.12	1.17	Hold	DDM, Buy @ $1
05/31/17	Lim & Tan	ART	1.125	0	Buy
06/01/17	CIMB	ART	1.125	1.05	Hold	DDM
06/01/17	DBS Vickers	ART	1.125	1.16	Buy
06/01/17	OCBC	ART	1.125	1.095	Hold
07/04/17	DBS Vickers	ART	1.16	1.16	Buy
07/04/17	OCBC	ART	1.16	1.095	Hold
07/20/17	Lim & Tan	ART	1.175	0	Sell
07/21/17	CIMB	ART	1.195	1.14	Hold	DDM
07/21/17	DIR	ART	1.195	1.12	Hold	DDM
07/21/17	UOB Kay Hian	ART	1.195	1.18	Hold	DDM, Buy @ $1
07/24/17	DBS Vickers	ART	1.21	1.28	Buy	DCF
08/17/17	DBS Vickers	ART	1.18	1.28	Buy	DCF
09/29/17	OCBC	ART	1.18	1.1	Hold
10/23/17	UOB Kay Hian	ART	1.215	1.18	Hold
10/25/17	OCBC	ART	1.22	1.11	Hold
10/25/17	CIMB	ART	1.22	1.16	Hold	DDM
10/25/17	DBS Vickers	ART	1.22	1.28	Buy	DCF
12/01/17	UOB Kay Hian	ART	1.19	1.23	Hold
01/29/18	UOB Kay Hian	ART	1.26	1.23	Hold
01/29/18	OCBC	ART	1.26	1.16	Hold
01/29/18	DBS Vickers	ART	1.26	1.34	Buy	DCF
03/15/18	UOB Kay Hian	ART	1.16	1.23	Hold
04/17/18	DBS Vickers	ART	1.14	1.34	Buy
04/18/18	Lim & Tan	ART	1.13	0	Neutral
04/19/18	UOB Kay Hian	ART	1.14	1.23	Hold	DDM
04/19/18	DBS Vickers	ART	1.14	1.3	Buy	DCF
07/06/18	DBS Vickers	ART	1.09	1.3	Buy
07/25/18	OCBC	ART	1.13	1	Sell
07/25/18	UOB Kay Hian	ART	1.13	1.18	Hold	DDM
07/25/18	CIMB	ART	1.13	1.16	Hold	DDM
07/25/18	DBS Vickers	ART	1.13	1.25	Buy	DCF
08/30/18	DBS Vickers	ART	1.08	1.25	Buy	DCF

APTV - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/21/17	Phillip	APTV	0.49	0.64	Buy	DCF, EV/Ebitda10.7x
05/16/17	Phillip	APTV	0.55	0.64	Buy	DCF, EV/Ebitda10.7x
05/17/17	Amfrasers	APTV	0.55	0.65	Buy	DDM
08/15/17	Phillip	APTV	0.58	0.64	Buy
08/16/17	Amfrasers	APTV	0.58	0.6	Buy	DDM
11/14/17	Phillip	APTV	0.605	0.64	Accumulate
02/28/18	Phillip	APTV	0.575	0.62	Accumulate
05/17/18	Phillip	APTV	0.465	0.52	Buy
07/16/18	Phillip	APTV	0.425	0.52	Buy
08/07/18	Phillip	APTV	0.405	0.35	Reduce

APAC Realty - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
09/25/17	Lim & Tan	APAC Realty	0.66	0	Subscribe	IPO
11/09/17	DBS Vickers	APAC Realty	0.89	1.03	Buy	DCF & PER15x FY18
11/13/17	DBS Vickers	APAC Realty	0.905	1.12	Buy	DCF & PER15x FY18
11/30/17	DMG & Partners	APAC Realty	0.885	1.2	Buy	DCF & PER15x FY18
12/06/17	DBS Vickers	APAC Realty	0.865	1.12	Buy	PER15x FY18
01/12/18	DMG & Partners	APAC Realty	0.94	1.2	Buy
02/19/18	DBS Vickers	APAC Realty	1.02	1.12	Buy
02/20/18	DMG & Partners	APAC Realty	1.06	1.2	Buy
02/26/18	DMG & Partners	APAC Realty	1.1	1.35	Buy	DCF
02/26/18	DBS Vickers	APAC Realty	1.1	1.25	Buy	DCF & PER15x FY18
03/20/18	DBS Vickers	APAC Realty	1.19	1.42	Buy	DCF & PER15x FY18
04/10/18	DMG & Partners	APAC Realty	1.17	1.35	Buy
05/10/18	DBS Vickers	APAC Realty	1.03	1.32	Buy	DCF & PER15x FY18
05/30/18	DMG & Partners	APAC Realty	0.905	1.35	Buy	DCF
06/06/18	DBS Vickers	APAC Realty	0.925	1.32	Buy
06/18/18	DBS Vickers	APAC Realty	0.815	1.22	Buy	DCF
07/03/18	DMG & Partners	APAC Realty	0.785	1.35	Buy
07/09/18	DBS Vickers	APAC Realty	0.58	0.66	Fully Valued	PER10x FY18
07/13/18	DMG & Partners	APAC Realty	0.605	0.77	Buy	DCF
08/08/18	DMG & Partners	APAC Realty	0.63	0.77	Buy	DCF
08/08/18	DBS Vickers	APAC Realty	0.63	0.62	Hold	PER10x FY19
09/03/18	DMG & Partners	APAC Realty	0.57	0.77	Buy	DCF

Stock calls for 4 September 2018

Date	Analyst	Company	Last	Target	Call	Valuation
09/04/18	Lim & Tan	Capitaland	3.42	0	Buy
09/04/18	OCBC	Comfortdelgro	2.3	2.5	Hold
09/04/18	DBS Vickers	Comfortdelgro	2.3	2.59	Buy
09/04/18	OCBC	Frasers Centrepoint Trust	2.27	2.49	Buy
09/04/18	OCBC	Keppel DC Reit	1.36	1.54	buy
09/04/18	OCBC	Mapletree North Asia	1.15	1.42	Buy
09/04/18	DMG & Partners	SGX	7.42	8.4	Buy	PER23.4x FY19
09/04/18	UOB Kay Hian	SPH	2.81	2.58	Hold	DCF, Buy @ $2.45
09/04/18	Goldman Sachs	Thai Beverage	0.645	0.74	Buy	Cut from $0.94
09/04/18	JP Morgan	Thai Beverage	0.645	0.64	Underweight

South China sea shoal is a treacherous region.

https://sg.news.yahoo.com/philippines-extricates-warship-south-china-sea-shoal-232756352.html

Philippines navy got grounded in the South China sea shoal which showed that its navy didn't have an in-depth knowledge of the shoal region.

We had stated previously that the South China sea shoal was a treacherous region and no commercial shippers would want to sail there.

http://sg-stock.blogspot.com/2017/01/lets-stop-harping-on-south-china-sea.html

Thus, it is pointless to promote freedom of navigation in such a treacherous region and doing so would cause harm to the commercial shippers.

Mark my words! Singapore price hikes are coming in the future! - Part 2

https://www.channelnewsasia.com/news/singapore/public-transport-operators-may-increase-fares-by-up-to-4-3-10680038

Hahaha! Why am I not surprised?

We have already predicted that price hikes are coming in Singapore.

http://sg-stock.blogspot.com/2018/08/mark-my-words-singapore-price-hikes-are.html

Aoxin Q&M - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/01/18	Phillip	Aoxin Q&M	0.22	0.29	Not Rated	PER35x FY19

Amara - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/12/17	DMG & Partners	Amara	0.54	0.88	Buy	PB0.65x
05/17/17	DMG & Partners	Amara	0.56	0.88	Buy	PB0.65x
10/09/17	DMG & Partners	Amara	0.53	0.88	Buy
11/15/17	DMG & Partners	Amara	0.54	0.88	Buy	PB0.65x
02/26/18	DMG & Partners	Amara	0.55	0.88	Buy	PB0.65x
05/16/18	DMG & Partners	Amara	0.515	0.88	Buy	PB0.65x
08/21/18	DMG & Partners	Amara	0.475	0.88	Buy	RNAV (35% discount)

AIMS AMP Cap Ind Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/26/17	Kim Eng	AIMS AMP Cap Ind Reit	1.415	1.6	Buy	DDM
06/22/17	Kim Eng	AIMS AMP Cap Ind Reit	1.44	1.6	Buy
07/03/17	Kim Eng	AIMS AMP Cap Ind Reit	1.48	1.6	Buy
10/27/17	Kim Eng	AIMS AMP Cap Ind Reit	1.435	1.6	Buy
02/01/18	Lim & Tan	AIMS AMP Cap Ind Reit	1.37	0	Hold
02/02/18	Kim Eng	AIMS AMP Cap Ind Reit	1.37	1.5	Buy
03/19/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.57	Not Rated
04/16/18	Kim Eng	AIMS AMP Cap Ind Reit	1.38	1.5	Buy	DDM
06/19/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.55	Buy	DCF
07/06/18	DBS Vickers	AIMS AMP Cap Ind Reit	1.38	1.55	Buy

Stock calls for 3 September 2018

Date	Analyst	Company	Last	Target	Call	Valuation
09/03/18	Phillip	800Super	0.635	1.03	Buy	DCF, PER13x FY19
09/03/18	DMG & Partners	APAC Realty	0.57	0.77	Buy	DCF
09/03/18	UOB Kay Hian	CDL Hospitality	1.56	1.86	Buy
09/03/18	UOB Kay Hian	CSE Global	0.445	0.58	Buy
09/03/18	CIMB	Dyna-Mac	0.107	0.13	Add	PB1.3x CY18
09/03/18	OCBC	Frasers Logistics	1.1	1.18	Buy
09/03/18	DBS Vickers	Frasers Logistics	1.1	1.2	Buy
09/03/18	Lim & Tan	Frasers Logistics	1.1	0	Hold
09/03/18	UOB Kay Hian	OCBC	11.3	13.68	Buy
09/03/18	DIR	Singtel	3.23	3.47	Outperform	Sum of parts
09/03/18	UOB Kay Hian	Singtel	3.23	3.98	Buy
09/03/18	CIMB	ST Engineering	3.34	3.8	Add
09/03/18	UOB Kay Hian	Valuetronics	0.75	0.96	Buy
09/03/18	OCBC	Viva Industrial	0.91	0.942	Accept Offer	$0.096 cash & 1.6 ESR-Reit share (New value $0.53)
09/03/18	UOB Kay Hian	Wheelock Properties	2.17	2.33	Buy

Mahathir scored a win against Singapore.

http://www.asiaone.com/malaysia/hsr-deferred-2-years-malaysia-spared-penalty-payment-singapore-report

Malaysia is spared from any liquidation damage and cancellation fee from the deferment.

What if the HSR is deferred again after 2 years?  Is SG going to get any compensation from Malaysia then?

Baltic dry index - 1614

Today, Thursday, August 30 2018, the Baltic Dry Index decreased by 47 points, reaching 1614 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 - 1048

The US drilling rig count gained 4 rigs to 1,048 units working for the week ended Aug. 31, according to Baker Hughes data. The count is up 105 units from this time a year ago when the count stood at 943.

Offshore units remained unchanged from last week with 18 units working. A total of 1,028 rigs were drilling on land, up 3 from a week ago. The number of rigs drilling in inland waters was up 1 to 2 units working.

US oil-directed rigs were up 2 from last week at 862 units working, and up from the 759 rigs drilling for oil this week a year ago. Gas-directed rigs also up 2 at 184. This time a year ago, 183 units were drilling for gas.

There was very little movement among the major oil and gas-producing states week-over-week. No state gained or lost more than 1 unit for the week ended Aug. 31.

The three states with a 1 rig gain were Louisiana, 55; Pennsylvania, 41; and Kansas, 1.

Ten states were unchanged this week, namely Texas, 528; North Dakota, 52; Colorado, 30; Wyoming, 29; Ohio, 21; California, 15; West Virginia, 13; Utah, 6; Alaska, 5; and Arkansas, 0.

Down 1 rig, Oklahoma has 139 rigs running. New Mexico also dropped 1 rig, putting its number of rigs working at 102.

Canada saw a 2-week streak of gains reversed for the week ended Aug. 31 with a single-rig loss. The 228 rigs working still surpass the 201 units drilling this week a year ago. Canada dropped 2 oil-directed rigs to reach 151 for the week and gained 1 gas-directed rig to reach 77.

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

Related stocks: Keppel Corp, Sembcorp Marine & Cosco.

The private blockchain will cannibalize the public blockchain in the future.

The public blockchain is not as secure as initially purported.  There is a proven method, 51% attack, to hack the public blockchain, commonly known as a decentralized blockchain.

https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/

The hacking of a decentralized blockchain is not technologically challenging but rather cost challenging.  To keep the cost down, hackers have turned to rent mining rigs to hack the public blockchains.

Therefore, as the crypto prices go up, the hacking occurrences will increase too.

The crypto proponents touted the worldwide adoption of cryptocurrencies based on public blockchains had not materialized insofar and looked unlikely to happen because of the demerits of crypto.

http://sg-stock.blogspot.com/2018/01/the-truth-about-bitcoin.html

http://sg-stock.blogspot.com/2018/03/cryptocurrency-is-very-environmental.html

Furthermore, governments and financial institutions are developing and using private blockchains instead of relying on public blockchains and this will render the public blockchains as useless.

http://www.mas.gov.sg/News-and-Publications/Media-Releases/2018/MAS-and-SGX-partner-Anquan-Deloitte-and-Nasdaq-to-harness-blockchain-technology.aspx

https://cointelegraph.com/news/world-banks-blockchain-based-bonds-a-step-toward-adoption

A private blockchain allows the developer to control and monitor the entire blockchain network and maintain the integrity of the system which is suitable for a government and/or financial institution whereas a developer has to cede control on a public blockchain.

In conclusion, we would like to give a prescient warning that the rise of the private blockchain will cannibalize the public blockchain and cryptocurrency.