Tuesday, August 15, 2017
Noble group credit rating got downgraded again by S&P and Moody's!
https://www.bloomberg.com/news/articles/2017-08-14/noble-group-facing-higher-risk-of-default-s-p-and-moody-s-say?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
OMG! The default risk is real....very real!
This is the reason that Noble group got downgraded again.
We're also very negative about Noble group.
Please read our previous postings on Noble group.
OMG! The default risk is real....very real!
This is the reason that Noble group got downgraded again.
We're also very negative about Noble group.
Please read our previous postings on Noble group.
North Korea had declared that it would fire 4 missiles in mid august 2017.
http://edition.cnn.com/2017/08/09/politics/north-korea-considering-near-guam-strike/index.html
North Korea had detailed a military plan to fire 4 missiles at a region near Guam in mid August 2017.
Let's see whether North Korea will follow through with its military plan.
North Korea had detailed a military plan to fire 4 missiles at a region near Guam in mid August 2017.
Let's see whether North Korea will follow through with its military plan.
Monday, August 14, 2017
Saturday, August 12, 2017
Watch how China foreign minister lectured Japan foreign minister!
OMG! China women swat members are as good as our commandos.
Reuters produced fake news!
http://en.people.cn/n3/2017/0811/c90883-9253911.html
So many reputable news agencies created fake news this year! CNN, AFP, Reuters, etc.
This is not the way to increase readership and serve your own political agenda!
So many reputable news agencies created fake news this year! CNN, AFP, Reuters, etc.
This is not the way to increase readership and serve your own political agenda!
The USA is playing the FON theme again!
http://en.people.cn/n3/2017/0811/c90883-9254167.html
What's the point of intruding and getting chased away? If the USA was really in international water, it should stand on its ground. However, the USA destroyer got chased away. This FON is just a pseudo theme for provocation.
When will the USA stop the cat and mouse again!
What's the point of intruding and getting chased away? If the USA was really in international water, it should stand on its ground. However, the USA destroyer got chased away. This FON is just a pseudo theme for provocation.
When will the USA stop the cat and mouse again!
China military leads in International Army Games 2017.
Going to a war with China is asking for annihilation.
Baltic dry index - 1138
Today, Friday, August 11 2017, the Baltic Dry Index climbed by 46 points, reaching 1138 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.
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Related stocks: Sembcorp Marine, Cosco & Pan Ocean
US rig count - 949
HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by five this week to 949.
A year ago, just 481 rigs were active.
Houston oilfield services company Baker Hughes said Friday that 768 rigs sought oil and 181 explored for natural gas this week.
Among major oil- and gas-producing states, California and New Mexico each increased by one rig.
Texas lost seven rigs and Louisiana decreased by one.
Alaska, Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were all unchanged.
The U.S. rig count peaked at 4,530 in 1981. It bottomed out in May of 2016 at 404.
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Related stocks: Keppel Corp, Sembcorp Marine & Cosco
Friday, August 11, 2017
Malaysia warns Singapore about its ringgit futures trading.
http://www.channelnewsasia.com/news/singapore/malaysia-s-central-bank-criticises-sgx-s-trading-of-ringgit-9112900
Since SG is a financial hub, SG is able to influence the ringgit movement if the ringgit futures is left unchecked when the trading becomes popular.
Malaysia central bank doesn't want Singapore to affect the ringgit movement. No wonder Malaysia sent out a message that China radar system would be placed in JB.
We did mention in one of our posts that Malaysia won't be accommodative towards SG because it had China support. Look like Malaysia is getting tough on Singapore now. I wonder how Malaysia will punish SG if SG refuses to stop the trading of ringgit futures.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Since SG is a financial hub, SG is able to influence the ringgit movement if the ringgit futures is left unchecked when the trading becomes popular.
Malaysia central bank doesn't want Singapore to affect the ringgit movement. No wonder Malaysia sent out a message that China radar system would be placed in JB.
We did mention in one of our posts that Malaysia won't be accommodative towards SG because it had China support. Look like Malaysia is getting tough on Singapore now. I wonder how Malaysia will punish SG if SG refuses to stop the trading of ringgit futures.
http://sg-stock.blogspot.sg/2016/10/malaysia-to-impose-20ringgit-road.html
Singapore economy is growing strongly.
https://sg.finance.yahoo.com/news/singapore-economy-grows-much-stronger-011839959.html
Our economy grew 2.9% in the 2nd quarter year on year. Hooray!
Wait....How come we don't feel the good economic growth?
Well, let's look at the GDP composition.
GDP = G + I + C + Net Export (X - M)
G= Government spending
I = Investments (FDI)
C = Consumption
Net Ex = X - M, Export - Import
GIC will impact Singaporeans more directly than Net Ex. Net Ex is more like trading which will result in trade surplus or trade deficit for Singapore.
Since C is a negligible component of Singapore GDP as we are a small nation with a small population, we can only rely on GI and Net Ex for boosting our GDP.
However, our good GDP growth is derived primarily from Net Ex this time. Therefore, we don't feel much impact from the good GDP figure unless you are in the trading industry.
Our economy grew 2.9% in the 2nd quarter year on year. Hooray!
Wait....How come we don't feel the good economic growth?
Well, let's look at the GDP composition.
GDP = G + I + C + Net Export (X - M)
G= Government spending
I = Investments (FDI)
C = Consumption
Net Ex = X - M, Export - Import
GIC will impact Singaporeans more directly than Net Ex. Net Ex is more like trading which will result in trade surplus or trade deficit for Singapore.
Since C is a negligible component of Singapore GDP as we are a small nation with a small population, we can only rely on GI and Net Ex for boosting our GDP.
However, our good GDP growth is derived primarily from Net Ex this time. Therefore, we don't feel much impact from the good GDP figure unless you are in the trading industry.
Noble financial update!
https://finance.yahoo.com/news/noble-group-reports-1-75-121909015.html
Here's a synopsis of Noble's financial health:
Noble reported a net loss of $1.9b in the first half of 2017.
Noble reported net debt increased by $900m (at $3.8b) in the first half of 2017.
Noble wrote down $1.3b in the first half of 2017.
Noble has a $2b credit facility expiring in Oct 2017.
The last leg to fall will be a liquidity squeeze caused by an increase in commodity prices. Noble will have to put up more money to buy commodities when the prices rise just to maintain the same profit margin. This will make Noble keel over.
Here's a synopsis of Noble's financial health:
Noble reported a net loss of $1.9b in the first half of 2017.
Noble reported net debt increased by $900m (at $3.8b) in the first half of 2017.
Noble wrote down $1.3b in the first half of 2017.
Noble has a $2b credit facility expiring in Oct 2017.
The last leg to fall will be a liquidity squeeze caused by an increase in commodity prices. Noble will have to put up more money to buy commodities when the prices rise just to maintain the same profit margin. This will make Noble keel over.
Thursday, August 10, 2017
China has 100% secured communication now!
https://sg.finance.yahoo.com/news/china-uses-quantum-satellite-transmit-085800014.html
100% secured communication is very important especially during wartime. A secured communication will greatly improve the odds of winning in a war because enemies won't know your strategies and deployments.
It will also be good if we can use it for financial payment system because nobody can hack it.
100% secured communication is very important especially during wartime. A secured communication will greatly improve the odds of winning in a war because enemies won't know your strategies and deployments.
It will also be good if we can use it for financial payment system because nobody can hack it.
Philippine slams outside interference in South China Sea dispute.
http://en.people.cn/n3/2017/0809/c90000-9253229.html
Philippine is the claimant but USA, Japan and Australia want Philippine to enforce the PCA ruling.
What a joke!
Australia, do you want to abide by the PCA ruling against Australia before you call on others to abide it?
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Philippine is the claimant but USA, Japan and Australia want Philippine to enforce the PCA ruling.
What a joke!
Australia, do you want to abide by the PCA ruling against Australia before you call on others to abide it?
http://sg-stock.blogspot.sg/2016/09/australia-declares-that-pca-has-no.html
Malaysia is using China radar to monitor Singapore.
http://www.todayonline.com/world/asia/china-offer-malaysia-radar-rocket-launchers-based-johor?cid=emarsys-today_TODAY%27s+morning+briefing+for+August+10%2C+2017_newsletter_10082017_today
The multiple rocket launchers' radar system has a range of 220km which will cover more than the whole of Singapore. This will monitor our military activities especially the USA navy based in Singapore.
Is our relationship with Malaysia going south?
The multiple rocket launchers' radar system has a range of 220km which will cover more than the whole of Singapore. This will monitor our military activities especially the USA navy based in Singapore.
Is our relationship with Malaysia going south?
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