Stock calls for 1 August 2019

Date	Analyst	Company	Last	Target	Call	Valuation
08/01/19	UOB Kay Hian	ARA Hospitality	0.885	1.21	Buy	DDM
08/01/19	OCBC	CapitaRetail China	1.59	1.45	Hold
08/01/19	DBS Vickers	CapitaRetail China	1.59	1.8	Buy
08/01/19	DBS Vickers	Far East Hospitality	0.68	0.7	Hold	DCF
08/01/19	Kim Eng	Japfa	0.51	0.73	Buy	Sum of parts
08/01/19	UOB Kay Hian	Parkway Life	3.06	3.25	Buy
08/01/19	DBS Vickers	Parkway Life	3.06	3.35	Buy
08/01/19	DMG & Partners	SGX	7.92	8.1	Neutral	PER23x FY20
08/01/19	DBS Vickers	SGX	7.92	8.3	Buy
08/01/19	phillip	Sheng Siong	1.16	1.3	Accumulate	PER25x FY19
08/01/19	UOB Kay Hian	SIA	9.67	9.5	Hold
08/01/19	DBS Vickers	SIA	9.67	10.8	Buy	PB0.95x FY20
08/01/19	Lim & Tan	SIA	9.67	0	Hold
08/01/19	DMG & Partners	Silverlake	0.52	0.65	Buy	DCF

China has limited its Chinese from visiting Taiwan.

https://sg.finance.yahoo.com/news/taiwan-criticizes-chinas-ban-individual-033205976.html

This is not surprising since President Tsai is a pro-independent woman.  We need to remember that Taiwan is part of China after all.

http://sg-stock.blogspot.com/2019/01/taiwan-president-is-making-ridiculous.html

Taiwan has a huge trade surplus with China and it is using the trade surplus to purchase US military weapons to be used against China.  Therefore, it's about time that China should rein in the Taiwan-China trade surplus.

US-China trade talk broke down again in July 2019.

https://www.cnbc.com/2019/07/31/china-us-officials-meet-for-trade-talks-in-shanghai.html

Despite the proclamation of a constructive meeting at the end of July 2019, the US-China trade talk actually broke down because both sides couldn't agree on numerous issues.  Furthermore, we could see that both countries accused each other of flip-flopping after the meeting.

The only constructive outcome was that both parties were still willing to continue the trade talk in September.

The US Fed has cut interest rate by 0.25%!

https://finance.yahoo.com/news/fed-meeting-rates-powell-211534497.html

We've got it right. We predicted a rate cut in July 2019 by analyzing the 4 US rates and the PMI in June.

https://sg-stock.blogspot.com/2019/06/will-us-fed-reduce-its-interest-rates.html

First Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/16/19	phillip	First Reit	1.04	0.88	Neutral	DDM
01/17/19	Lim & Tan	First Reit	1.03	0	Neutral
01/18/19	OCBC	First Reit	1.01	0.97	Hold
01/18/19	CIMB	First Reit	1.01	1.2	Add	DDM
02/11/19	OCBC	First Reit	1.14	0.97	Sell
04/11/19	CIMB	First Reit	0.99	1.2	Add	DDM

Far East Hospitality - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	CIMB	Far East Hospitality	0.605	0.68	Add
01/16/19	OCBC	Far East Hospitality	0.625	0.675	Buy
02/07/19	OCBC	Far East Hospitality	0.66	0.675	Buy
02/13/19	Lim & Tan	Far East Hospitality	0.64	0	Buy
02/14/19	DBS Vickers	Far East Hospitality	0.635	0.7	Buy	DCF
02/14/19	CIMB	Far East Hospitality	0.635	0.68	Add	DDM
02/14/19	Kim Eng	Far East Hospitality	0.635	0.75	Buy	DDM
02/14/19	OCBC	Far East Hospitality	0.635	0.68	Buy
04/15/19	OCBC	Far East Hospitality	0.685	0.68	Hold
04/26/19	OCBC	Far East Hospitality	0.66	0.67	Hold
04/26/19	DBS Vickers	Far East Hospitality	0.66	0.7	Buy
04/29/19	CIMB	Far East Hospitality	0.665	0.71	Add
04/29/19	Kim Eng	Far East Hospitality	0.665	0.8	Buy
06/12/19	OCBC	Far East Hospitality	0.645	0.67	Hold
06/25/19	Kim Eng	Far East Hospitality	0.675	0.8	Buy
07/22/19	UOB Kay Hian	Far East Hospitality	0.685	0.82	Buy	DDM
07/31/19	OCBC	Far East Hospitality	0.685	0.67	Hold
07/31/19	CIMB	Far East Hospitality	0.685	0.68	Hold

F&N - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/24/19	DMG & Partners	F & N	1.73	3.53	Not Rated	Sum of parts

Stock calls for 31 July 2019

Date	Analyst	Company	Last	Target	Call	Valuation
07/31/19	UOB Kay Hian	A-Reit	3.03	3.01	Hold	Buy @ $2.78
07/31/19	CIMB	ART	1.3	1.31	Hold	DDM
07/31/19	UOB Kay Hian	ART	1.3	1.54	Buy
07/31/19	DBS Vickers	ART	1.3	1.45	Buy
07/31/19	UOB Kay Hian	BRC Asia	1.37	1.75	Buy	PER11.5x FY20
07/31/19	OCBC	CDL Hospitality	1.66	1.56	Hold
07/31/19	DMG & Partners	CDL Hospitality	1.66	1.79	Buy	DDM
07/31/19	CIMB	CDL Hospitality	1.66	1.92	Add
07/31/19	DBS Vickers	CDL Hospitality	1.66	1.8	Buy	DCF
07/31/19	Macquarie	DBS	26.49	25.8	Neutral	PB
07/31/19	phillip	DBS	26.49	27.6	Accumulate	GGM, PB1.4x
07/31/19	OCBC	Far East Hospitality	0.685	0.67	Hold
07/31/19	CIMB	Far East Hospitality	0.685	0.68	Hold
07/31/19	Kim Eng	IHH Healthcare	1.88	2.16	Buy	Sum of parts, Ringgit $6.50 target price
07/31/19	UOB Kay Hian	Japfa	0.515	0.48	Hold	Sum of parts, Buy @ $0.42
07/31/19	CIMB	Mapletree North Asia	1.42	1.5	Add	DDM
07/31/19	Lim & Tan	Parkway Life	3.06	0	Hold
07/31/19	phillip	Raffles Medical	1.04	1.09	Neutral	DCF
07/31/19	DBS Vickers	Sembcorp Marine	1.36	1.9	Buy	PB1.8x FY19
07/31/19	Amfrasers	Sembcorp Marine	1.36	1.59	Neutral	PB1.6x FY19
07/31/19	DMG & Partners	Sembcorp Marine	1.36	1.8	Buy	PB1.64x FY20
07/31/19	CIMB	Sembcorp Marine	1.36	1.16	Reduce	PB1.1x
07/31/19	UOB Kay Hian	Sembcorp Marine	1.36	1.32	Hold	Buy @ $1.25
07/31/19	Kim Eng	Sheng Siong	1.15	0.96	Sell	DCF
07/31/19	OCBC	Sheng Siong	1.15	1.19	Buy
07/31/19	CIMB	Sheng Siong	1.15	1.25	Add
07/31/19	CIMB	Starhill	0.8	0.79	Hold

Will China cut its bank interest rates soon?

https://www.reuters.com/article/us-china-markets-rates/fed-easing-could-prompt-first-china-rate-cut-in-four-years-analysts-idUSKCN1U30IJ

Many analysts were expecting China to cut its bank interest rates after the US Fed meeting on 31 July 2019.  However, they are going to be wrong because they don't analyse the economic situation properly.

We had stated that China wouldn't need to reduce its bank interest rates in our previous post in June.

https://sg-stock.blogspot.com/2019/06/china-has-started-to-sell-us-treasuries.html

The recent announcement by the Chinese authority also corroborated our analysis in June.

https://finance.yahoo.com/news/china-politburo-vows-action-trade-130458638.html

Ezion - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/07/19	DBS Vickers	Ezion	0.05	0.06	Hold	PB0.3x FY19
03/11/19	DBS Vickers	Ezion	0.043	0.05	Hold	PER10x F20
04/05/19	DBS Vickers	Ezion	0.043	0.05	Hold	PB1.4x

ESR-Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/18/19	Lim & Tan	ESR-Reit	0.53	0	Hold
01/21/19	CIMB	ESR-Reit	0.53	0.62	Add	DDM
01/21/19	OCBC	ESR-Reit	0.53	0.575	Buy
01/22/19	DBS Vickers	ESR-Reit	0.53	0.59	Buy
02/12/19	DMG & Partners	ESR-Reit	0.515	0.61	Buy	DDM
03/07/19	CIMB	ESR-Reit	0.53	0.62	Add
03/13/19	DMG & Partners	ESR-Reit	0.53	0.61	Buy
04/10/19	OCBC	ESR-Reit	0.54	0.55	Hold
04/25/19	CIMB	ESR-Reit	0.51	0.6	Add	DDM
04/25/19	OCBC	ESR-Reit	0.51	0.565	Buy
06/18/19	CIMB	ESR-Reit	0.565	0.6	Add	DDM
06/19/19	OCBC	ESR-Reit	0.53	0.56	Buy
07/24/19	OCBC	ESR-Reit	0.535	0.58	Buy
07/24/19	CIMB	ESR-Reit	0.535	0.61	Add	DDM

EC World Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/09/19	DMG & Partners	EC World Reit	0.7	0.81	Buy
02/15/19	phillip	EC World Reit	0.745	0.82	Buy
02/22/19	DBS Vickers	EC World Reit	0.745	0.86	Buy	DCF
02/25/19	DMG & Partners	EC World Reit	0.755	0.84	Buy	DDM
03/04/19	phillip	EC World Reit	0.76	0.85	Buy	DDM, PB0.84x FY19
03/18/19	DMG & Partners	EC World Reit	0.77	0.84	Buy
05/07/19	DMG & Partners	EC World Reit	0.77	0.84	Buy
05/14/19	DMG & Partners	EC World Reit	0.79	0.85	Buy	DDM
05/14/19	DBS Vickers	EC World Reit	0.79	0.86	Buy
05/15/19	phillip	EC World Reit	0.785	0.87	Buy	DDM, PB0.93x
06/19/19	phillip	EC World Reit	0.775	0.87	Buy
07/04/19	DMG & Partners	EC World Reit	0.78	0.85	Buy
07/22/19	phillip	EC World Reit	0.755	0.87	Buy

Stock calls for 30 July 2019

Date	Analyst	Company	Last	Target	Call	Valuation
07/30/19	DBS Vickers	A-Reit	3.05	3.4	Buy	DCF
07/30/19	OCBC	A-Reit	3.05	2.98	Hold
07/30/19	DMG & Partners	DBS	26.54	28.3	Hold	GGM, PB1.37x FY20
07/30/19	CIMB	DBS	26.54	27.59	Hold	GGM
07/30/19	Kim Eng	DBS	26.54	28.05	Hold	DDM
07/30/19	OCBC	DBS	26.54	28	Hold
07/30/19	phillip	DBS	26.54	30.9	Accumulate
07/30/19	UOB Kay Hian	DBS	26.54	31.3	Buy
07/30/19	DBS Vickers	Ifast Corp	1.1	1.05	Hold	DDM
07/30/19	OCBC	Mapletree North Asia	1.38	1.43	Hold
07/30/19	UOB Kay Hian	Raffles Medical	1.03	1.27	Buy	DCF
07/30/19	DMG & Partners	Raffles Medical	1.03	1.02	Neutral
07/30/19	DBS Vickers	Raffles Medical	1.03	1.12	Hold	Sum of parts
07/30/19	DMG & Partners	Sheng Siong	1.11	1.32	Buy	DCF
07/30/19	DBS Vickers	Sheng Siong	1.11	1.32	Buy	PER25x FY20
07/30/19	Kim Eng	SIA Engineering	2.68	2.85	Hold
07/30/19	UOB Kay Hian	Suntec Reit	1.93	2.02	Hold	Buy @ $1.84
07/30/19	DBS Vickers	Suntec Reit	1.93	2.15	Buy	DCF

Huawei's good earnings report means Apple will do very badly in China.

https://sg.news.yahoo.com/huawei-first-half-revenue-surges-071312610.html

Huawei has upped its China market share to 38.2% and this means that Apple has lost a lot of sales in China.

Apply will be reporting its earnings soon.

Duty Free - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/19	Lim & Tan	Duty Free	0.192	0	Accumulate

Delfi - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	DMG & Partners	Delfi	1.32	1.59	Buy
03/01/19	DMG & Partners	Delfi	1.45	1.68	Buy	DCF, PER28x FY19
04/05/19	DMG & Partners	Delfi	1.3	1.68	Buy
05/07/19	DMG & Partners	Delfi	1.3	1.68	Buy	DCF, PER28x FY19

Del Monte - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
06/21/19	Lim & Tan	D03	Del Monte	0.12	0	Buy	-100.00

Stock calls for 29 July 2019

Date	Analyst	Company	Last	Target	Call	Valuation
07/29/19	Kim Eng	AEM	1.22	1.4	Buy	PB3x FY19/20
07/29/19	DBS Vickers	Ascendas India Trust	1.42	1.55	Buy
07/29/19	Lim & Tan	DBS	26.88	0	Buy
07/29/19	Phillip	Frasers Centrepoint Trust	2.68	2.77	Accumulate	DDM
07/29/19	Kim Eng	Mapletree Commercial	2.07	2.1	Hold	DDM
07/29/19	UOB Kay Hian	SIA Engineering	2.65	2.55	Hold	DCF
07/29/19	OCBC	SIA Engineering	2.65	2.43	Hold
07/29/19	DMG & Partners	Suntec Reit	1.92	2.08	Buy	DDM
07/29/19	OCBC	Suntec Reit	1.92	2.07	Hold

Baltic dry index - 1937

Today, Friday, July 26 2019, the Baltic Dry Index decreased by 10 points, reaching 1937 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 stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 946

Related stock: Keppel Corp, Sembcorp Marine & Cosco.

The US-China trade war impacts on both countries in 2019 - Part 2

https://finance.yahoo.com/news/what-to-expect-in-fridays-gdp-report-222140281.html

China 1st Qtr and 2nd Qtr GDP:
1st Qtr: 6.4%
2nd Qtr: 6.2% (-3.13%)

USA 1st Qtr and 2nd Qtr GDP:
1st Qtr: 3.1%
2nd Qtr: 2.1% (-32.3%)

The US economy fell by 32.3% in the 2nd Qtr.  This will mean that Trump needs a trade deal with China more urgently than President Xi.

http://sg-stock.blogspot.com/2019/07/the-us-china-trade-war-impacts-on-both.html

We've been stating that the US 2nd QTR GDP would be much weaker than its 1st QTR GDP in our previous post and we've been proven right.

https://sg-stock.blogspot.com/2019/07/ism-pmi-analysis-for-us-economy-in-june.html

DBS - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/19	DMG & Partners	DBS	23.69	29.8	Buy	GGM, PB1.54x FY19
01/03/19	CIMB	DBS	23.49	27	Hold	PER10.7x FY20
01/03/19	JP Morgan	DBS	23.49	29	Overweight
01/08/19	UOB Kay Hian	DBS	23.75	28.5	Buy
01/08/19	Jefferies	DBS	23.75	28.5	Buy
01/29/19	CIMB	DBS	24.22	29	Add	GGM, PB1.4x CY19
01/31/19	Kim Eng	DBS	23.94	30.18	Buy	DDM
02/01/19	phillip	DBS	23.92	29.02	Buy
02/08/19	UOB Kay Hian	DBS	24.33	28.5	Buy
02/12/19	Kim Eng	DBS	24.36	30.18	Buy
02/18/19	DMG & Partners	DBS	24.74	29.8	Buy
02/18/19	Lim & Tan	DBS	24.74	0	Buy
02/19/19	Jefferies	DBS	25.2	28.5	Buy
02/19/19	OCBC	DBS	25.2	29.31	Buy
02/19/19	DMG & Partners	DBS	25.2	28.8	Buy	GGM, PB1.5x FY19
02/19/19	phillip	DBS	25.2	29	Buy	GGM, PB1.5x FY19
02/19/19	Kim Eng	DBS	25.2	29.56	Buy	DDM
02/19/19	CIMB	DBS	25.2	29	Add	GGM
02/19/19	UOB Kay Hian	DBS	25.2	28.4	Buy
02/20/19	Macquarie	DBS	25.1	27	Neutral	PB
02/26/19	Amfrasers	DBS	25.18	27.7	Buy	RIM
03/04/19	phillip	DBS	25.08	29	Buy
03/07/19	Kim Eng	DBS	25.36	29.56	Buy
03/11/19	CIMB	DBS	25.06	29	Add
03/13/19	DMG & Partners	DBS	25.3	28.8	Buy	GGM, PB1.5x FY19
03/26/19	OCBC	DBS	25.12	29.31	Buy
04/01/19	UOB Kay Hian	DBS	25.23	28.4	Buy
04/02/19	phillip	DBS	25.59	29	Buy
04/10/19	DMG & Partners	DBS	27	29.6	Buy	PB1.43x FY20
04/11/19	CIMB	DBS	26.97	29	Add
04/22/19	UOB Kay Hian	DBS	27.4	30.3	Buy	GGM, PB1.57x FY19
04/22/19	Kim Eng	DBS	27.4	29.56	Buy
04/29/19	Lim & Tan	DBS	27.41	0	Buy
04/29/19	Citibank	DBS	27.41	31.1	Buy
04/30/19	Macquarie	DBS	28.4	27	Neutral
04/30/19	phillip	DBS	28.4	29	Accumulate	GGM, PB1.5x FY19
04/30/19	OCBC	DBS	28.4	29.18	Hold	Buy @ $27.50 or lower
04/30/19	CIMB	DBS	28.4	30	Add	GGM, PB1.54x
04/30/19	DMG & Partners	DBS	28.4	30.8	Buy	PB1.5x FY20
04/30/19	Lim & Tan	DBS	28.4	30	Hold
05/02/19	Amfrasers	DBS	28.25	27.7	Hold
05/02/19	Jefferies	DBS	28.25	31.5	Buy	PER13.1x FY20
05/07/19	OCBC	DBS	26.53	27.5	Hold
05/13/19	UOB Kay Hian	DBS	26.55	30.5	Buy
05/13/19	Citibank	DBS	26.55	27	Neutral
05/14/19	DMG & Partners	DBS	26	30.8	Buy	GGM, PB1.5x FY20
05/22/19	CIMB	DBS	25.74	27.64	Hold
05/22/19	Kim Eng	DBS	25.74	29.46	Buy
06/03/19	CIMB	DBS	24.29	27.64	Hold
06/06/19	phillip	DBS	24.27	29	Accumulate
06/13/19	UOB Kay Hian	DBS	24.7	30.5	Buy
06/17/19	Kim Eng	DBS	24.81	29.46	Buy
06/19/19	OCBC	DBS	24.8	29.18	Buy	Buy @ $27.50 or lower
07/01/19	Kim Eng	DBS	25.96	29.46	Buy
07/01/19	UOB Kay Hian	DBS	25.96	30.5	Buy	GGM, PB1.59x FY19
07/02/19	OCBC	DBS	26.6	29.2	Buy	GGM, PB1.4x, PER14.7x
07/03/19	phillip	DBS	26.5	29	Accumulate
07/08/19	DMG & Partners	DBS	25.63	30.8	Buy	PB1.5x FY20
07/12/19	DMG & Partners	DBS	25.61	30.3	Buy	PB1.47x FY20

Dasin Retail - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/15/19	phillip	Dasin Retail	0.885	0.95	Accumulate	DDM
02/28/19	phillip	Dasin Retail	0.885	0.94	Accumulate	DDM, PB0.64x
05/15/19	phillip	Dasin Retail	0.87	0.94	Accumulate	DDM, PB0.6x
06/19/19	phillip	Dasin Retail	0.88	0.94	Accumulate
07/22/19	phillip	Dasin Retail	0.875	0.94	Accumulate

Dairy Farm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/04/19	DMG & Partners	Dairy Farm	8.57	8.64	Neutral	DCF
03/04/19	DBS Vickers	Dairy Farm	8.57	8.44	Hold	Sum of parts
03/06/19	CIMB	Dairy Farm	8.33	8.54	Hold	PER23.5x FY20
03/20/19	DMG & Partners	Dairy Farm	7.41	8.25	Buy	DCF
04/05/19	DMG & Partners	Dairy Farm	8.14	8.25	Buy
05/30/19	DMG & Partners	Dairy Farm	7.83	8.25	Neutral	DCF
07/02/19	DMG & Partners	Dairy Farm	7.29	8.25	Neutral

Stock calls for 26 July 2019

Date	Analyst	Company	Last	Target	Call	Valuation
07/26/19	Kim Eng	AIMS AMP Cap Ind Reit	1.47	1.6	Buy	DDM
07/26/19	Kim Eng	Cache Logistics	0.765	0.9	Buy	DDM
07/26/19	DMG & Partners	Cache Logistics	0.765	0.8	Buy	DDM
07/26/19	CIMB	Cache Logistics	0.765	0.76	Hold	DDM
07/26/19	DBS Vickers	First Sponsor	1.31	1.62	Buy	RNAV (35% discount)
07/26/19	Amfrasers	Frasers Centrepoint Trust	2.63	2.51	Neutral
07/26/19	DBS Vickers	Hutchison Port	0.225	0.23	Hold	DCF
07/26/19	OCBC	Keppel DC Reit	1.71	1.93	Hold
07/26/19	OCBC	Mapletree Commercial	2.1	1.89	Sell
07/26/19	UOB Kay Hian	Mapletree Commercial	2.1	2.22	Buy
07/26/19	Lim & Tan	Mapletree Commercial	2.1	0	Hold
07/26/19	UOB Kay Hian	Wilmar	4.06	4.5	Buy	Sum of parts

The semiconductor is facing a collapse. - Part 6

What is happening in the semiconductor industry?

We've stated the permanent slowdown in the global semiconductor industry except for China in our previous post because China will be ramping up its own semiconductor developments.

Huawei has developed its own Kirin chips.

Xiaomi will also launch its own chips.

https://www.scmp.com/tech/china-tech/article/2074805/xiaomi-launches-its-own-smartphone-processor-cut-reliance-suppliers

Alibaba has just revealed its own processor now.

https://www.scmp.com/tech/innovation/article/3020161/alibaba-unveils-first-self-developed-chip-processor-china-looks

More and more Chinese companies will reduce their dependences on foreign chips and this will affect the global semiconductor industry excludes China.

https://sg-stock.blogspot.com/2019/07/the-semiconductor-is-facing-collapse.html

Singapore issues travel alert to HK.

https://sg.news.yahoo.com/mfa-issues-travel-advisory-avoid-2-upcoming-protest-locations-in-hong-kong-001354311.html

SG MFA has issued a travel alert to HK now but we've warned our viewers much earlier.

http://sg-stock.blogspot.com/2019/07/stay-away-from-hong-kong-part-2.html

Huawei deceived elderly Singaporeans with its National Day Promotion (NDP)!

https://sg.style.yahoo.com/huawei-54-units-sold-on-carousell-doubled-the-price-police-activated-at-stores-030005276.html

Huawei is executing a misleading NDP by not stating the total number of promo sets available for sale.  Huawei only assigns 20-30 sets to every retailer involved in the NDP but refuses to reveal this vital statistic to the general public so that it can create a buzz in SG.

Picture was taken at Blk 178 TPY central.

The marketing manager should be fired for making the elderly Singaporeans queue for nothing and my elderly parents are those victims.

If Huawei can make fools out of elderly Singaporeans during our national day, I think it is really a devious company.  No wonder the USA wants to ban Huawei!

I fully support the USA to ban Huawei now because it is a devious company in SG.