China is building a port in malacca so that its ships will bypass Singapore.

http://en.people.cn/n3/2016/0705/c90000-9081726.html

China is building a port in malacca so that its ships will bypass Singapore.  As 70-80% of ships passing through straits of malacca come from China, this will badly affect Singapore port and our port volumes will decline significantly.  This is the price we have to pay for being too close with USA and giving USA the right to berth its naval ships and P8A spy plane in SG.

China also has a port and oil pipeline in Myanmar so that its imported crude oil can bypass straits of malacca which can be under the control of USA through SG during war time.

This one belt one road economic plan which consists of railway will help china to bypass SG port because it can download all goods in malacca and transport them to China by railway.

No wonder we have lost our world busiest port status and we will lose more in the future when malacca port is up and running.

Baltic Dry Index - 703

Today, Friday, July 08 2016, the Baltic Dry Index climbed by 4 points, reaching 703 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.

US Rig Count - 440

HOUSTON — 

The number of rigs exploring for oil and natural gas in the U.S. increased by nine this week to 440.

A year ago, 863 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday that 351 rigs sought oil and 88 explored for natural gas this week. One was listed as miscellaneous.

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

Kansas declined by one rig.

Alaska, Arkansas, California, Colorado, Ohio, Pennsylvania, Utah and West Virginia were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

Chilcot report revealed the truth about Iraq war and Tony Blair apologised for Iraq invasion.

http://www.telegraph.co.uk/news/2016/07/06/chilcot-report-2003-iraq-war-was-unnecessary-and-invasion-was-no/

The 2.6m words in the chilcot report conducted by UK revealed that the Iraq war was started with flawed intelligence (fabricated by US).  The iraq invasion notion was rejected by UN but US still defied and went to attack Iraq with UK without UN approval.

The quality and quantity of this chilcot report were so much better than US's own report that its veracity couldn't be refuted and this led Tony Blair to apologise to the world.  However, USA still refused to provide any apology and insisted that it's right to attack Iraq.

USA is trying to create trouble in South China Sea now and it will fabricate intelligence again to achieve its own heinous and sinisterness goal.

Singapore stock calls for 8 July 2016

Singapore stock calls for 7 July 2016

SMRT kept mum about its train defects until HK media reported it first.

http://www.channelnewsasia.com/news/singapore/smrt-train-defects-found/2933242.html

VS

https://www.factwire.news/en/MTR-securetly-recall.html

Singapore stock calls for 5 July 2016

China and Russia will be holding joint military exercise in South China Sea

http://english.chinamil.com.cn/news-channels/pla-daily-commentary/2016-07/01/content_7129735.htm

USA and Japan can conduct joint military exercise in South China Sea....So can China & Russia!

Tensions will be rising in South China Sea because of USA's involvement.  If we continue to support USA to meddle in South China Sea, we'll be asking for troubles because if war breaks out, ASEAN will suffer.  USA can just leave South China Sea after losing the war but we cannot.

Singapore stock calls for 4 July 2016

Baltic Dry Index - 677

Today, Friday, July 01 2016, the Baltic Dry Index climbed by 17 points, reaching 677 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.

US Rig Count - 431

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 10 this week to 431.

A year ago, 862 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration.

Houston oilfield services company Baker Hughes Inc. said Friday 341 rigs sought oil and 89 explored this week for natural gas. One was listed as miscellaneous.

Among major oil- and gas-producing states, Texas and Oklahoma each gained four rigs, Colorado was up two and Louisiana one.

Alaska and New Mexico declined by two apiece.

Arkansas, California, Kansas, North Dakota, Ohio, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May at 404.

___

This story has been corrected to show 431 is rig total this week.

Stock calls for 1 July 2016

China Yuanbang - Target prices and news for 2016

Please visit http://stockbanksg.wix.com/stock for technical analysis, target prices & news on China Yuanbang.

China Yongsheng - Target prices and news for 2016

Please visit http://stockbanksg.wix.com/stock for technical analysis, target prices & news on China Yongsheng.

China Taisan - Target prices and news for 2016

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Stock calls for 30 June 2016

China Sunsine - Target prices and news for 2016

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China Sun Biochemical - Target prices and news for 2016

Please visit http://stockbanksg.wix.com/stock for technical analysis, target prices & news on China Sun Bio-Chemical.

China Star Food - Target prices and news for 2016

Please visit http://stockbanksg.wix.com/stock for technical analysis, target prices & news on China Star Food.