US proposes anti-dumping on China aluminium foil.

https://sg.finance.yahoo.com/news/us-rules-chinese-firms-sold-000054062.html

Raw materials from paper, chemical, metal and so forth are going to increase tremendously in prices because of trade wars and supply problems.

Global inflation will become a real threat in 2018.

China has created the world's first 5G mobile chip.

http://www.chinadaily.com.cn/cndy/2018-02/27/content_35745699.htm

China is at the forefront of mobile technology now with the world's first 5G mobile chip.  Huawei has the most advanced and fastest mobile phone now with this chip whilst the USA is still trying to develop its 5G network.

China imposes an anti-dumping measure on Singapore.

http://www.chinadaily.com.cn/a/201802/27/WS5a94f7dfa3106e7dcc13e5ee.html

I hope that there won't be more anti-dumping measures imposed on Singapore or else SG's economy will be greatly affected as SG will become less competitive.

Inflation will come fast and furious with so many anti-dumping measures.  Simultaneously, interest rates will also increase a few times this year as indicated by Jerome Powell's speech yesterday.

http://sg-stock.blogspot.sg/2018/02/us-bond-yields-will-continue-to-rise-in.html

Toilet and tissue paper prices are going to increase soon!

https://www.channelnewsasia.com/news/asiapacific/taiwan-toilet-paper-price-hike-consumers-shopping-empty-shelves-9993494

International paper prices are rising in the world.  This is a worldwide phenomenon as shown on the price charts in USA and International market.

Taiwan is having a toilet roll run now.

Sanli Env - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
11/14/17	SAC Advisors	Sanli Env	0.3	0.36	Buy
01/11/18	SAC Advisors	Sanli Env	0.295	0.36	Buy	PER15.9x FY18

Samudera - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/14/16	Amfrasers	Samudera	0.205	0.21	Hold	PER8x FY16
02/29/16	Amfrasers	Samudera	0.195	0.21	Hold	PER8x FY16
04/29/16	Amfrasers	Samudera	0.21	0.21	Hold	PER8x FY16
07/29/16	Amfrasers	Samudera	0.18	0.19	Hold	PER8x FY16
09/16/16	Amfrasers	Samudera	0.181	0.18	Hold	PB0.3x FY16
10/28/16	Amfrasers	Samudera	0.175	0.22	Buy	PB0.4x
04/26/17	Amfrasers	Samudera	0.189	0.26	Buy	PB0.4x
10/13/17	Amfrasers	Samudera	0.24	0.38	Buy	PB0.6x FY17

Stock calls for 27 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/27/18	Kim Eng	Best World	1.37	2.06	Buy
02/27/18	phillip	CNMC	0.26	0.3	Accumulate	DCF
02/27/18	CIMB	CSE Global	0.37	0.39	Hold	PER12x CY19
02/27/18	Kim Eng	First Resources	1.76	2.2	Buy	PER17x FY18
02/27/18	DMG & Partners	First Resources	1.76	1.75	Neutral	PER12x FY18
02/27/18	UOB Kay Hian	Hock Lian Seng	0.51	0.65	Buy
02/27/18	Credit Suisse	HRnetGroup	0.805	1.06	Outperform
02/27/18	DBS Vickers	HRnetGroup	0.805	0.97	Buy	PER15x FY18, Ex-cash
02/27/18	Phillip	Raffles Medical	1.1	1.32	Accumulate	DCF
02/27/18	UOB Kay Hian	Raffles Medical	1.1	1.32	Buy	DCF
02/27/18	OCBC	Raffles Medical	1.1	1.26	Buy	Sum of parts
02/27/18	Kim Eng	Raffles Medical	1.1	1.13	Hold	DCF
02/27/18	DMG & Partners	Raffles Medical	1.1	1.02	Neutral	DCF
02/27/18	CIMB	Sarine	1.18	1.53	Add	PER17.2x CY19
02/27/18	DBS Vickers	Sembcorp Industries	3.2	4.4	Buy	Sum of parts (10% discount), PB1.1x
02/27/18	Amfrasers	Sembcorp Marine	2.18	2.06	Hold
02/27/18	DMG & Partners	ST Engineering	3.44	4.04	Buy	PER23x & PB5.5x & EV/Ebitda16x & DCF

Goldilocks is accusing Noble Group of inflating its derivative contracts.

http://www.businesstimes.com.sg/companies-markets/goldilocks-calls-nobles-profit-warning-figures-extremely-shocking

Goldilocks is regretting its Noble Group investment now because it is accusing Noble Group of inflating the derivatives contracts and forcing the existing shareholders to accept the debt restructuring plan.

Whatever it is, Noble Group is heading towards bankruptcy without any debt restructuring.

http://sg-stock.blogspot.sg/2018/02/noble-group-is-virutally-bankrupt-after.html

Sabana Reit - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/05/16	UOB Kay Hian	Sabana Reit	0.71	0.92	Buy
01/26/16	UOB Kay Hian	Sabana Reit	0.7	0.89	Buy
03/30/16	UOB Kay Hian	Sabana Reit	0.635	0.89	Buy
04/13/16	Kim Eng	Sabana Reit	0.645	0.89	Not Rated
04/19/16	UOB Kay Hian	Sabana Reit	0.66	0.84	Buy	DDM
01/23/17	phillip	Sabana Reit	0.375	0.51	Trading Buy	PB0.9x, Ex-rights 42 for 100 @ $0.258
03/06/17	phillip	Sabana Reit	0.43	0.54	Trading Buy	PB0.9x
05/11/17	phillip	Sabana Reit	0.455	0.54	Trading Buy	PB0.9X
08/08/17	phillip	Sabana Reit	0.49	0.57	Trading Buy	PB1x

Roxy-Pacific - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
01/27/16	NRA	E8Z	Roxy-Pacific	0.49	0.56	Not Rated	14.29	PB0.7x
02/29/16	NRA	E8Z	Roxy-Pacific	0.49	0.575	Not Rated	17.35	RNAV (30% discount)
03/14/16	OCBC	E8Z	Roxy-Pacific	0.49	0.52	Hold	6.12
08/01/16	OCBC	E8Z	Roxy-Pacific	0.46	0.52	Hold	13.04
09/20/16	NRA	E8Z	Roxy-Pacific	0.45	0.54	Not Rated	20.00	RNAV (40% discount)
11/01/16	OCBC	E8Z	Roxy-Pacific	0.42	0.52	Hold	23.81
08/01/17	OCBC	E8Z	Roxy-Pacific	0.525	0.52	Hold	-0.95
11/22/17	OCBC	E8Z	Roxy-Pacific	0.52	0.52	Hold	0.00
12/07/17	OCBC	E8Z	Roxy-Pacific	0.54	0.6	Buy	11.11
12/12/17	DBS Vickers	E8Z	Roxy-Pacific	0.53	0.69	Buy	30.19	RNAV (30% discount)
02/15/18	OCBC	E8Z	Roxy-Pacific	0.56	0.66	Buy	17.86
02/19/18	DBS Vickers	E8Z	Roxy-Pacific	0.56	0.69	Buy	23.21	RNAV (30% discount)

Stock calls for 26 February 2018

Date	Analyst	Company	Last	Target	Call	Valuation
02/26/18	DMG & Partners	Amara	0.55	0.88	Buy	PB0.65x
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
02/26/18	Lim & Tan	CSE Global	0.345	0	Buy
02/26/18	Amfrasers	Frencken	0.67	0.72	Hold	PER12x FY18
02/26/18	Kim Eng	Genting	1.3	1.46	Buy	EV/Ebitda 12x FY18
02/26/18	UOB Kay Hian	Genting	1.3	1.3	Hold	EV/Ebitda10.4x FY18, Buy @ $1.15
02/26/18	DBS Vickers	Genting	1.3	1.49	Buy	DCF
02/26/18	DMG & Partners	Genting	1.3	1.34	Neutral	DCF
02/26/18	OCBC	Genting	1.3	1.45	Buy	FCFE
02/26/18	CIMB	Genting	1.3	1.49	Add	EV/Ebitda12x FY19
02/26/18	OCBC	OUE	1.93	2.28	Buy
02/26/18	CIMB	Riverstone	1.04	1.28	Add	PER18.6x FY19
02/26/18	DBS Vickers	Riverstone	1.04	1.27	Buy	PER16x FY19
02/26/18	Kim Eng	Riverstone	1.04	1.22	Buy	PER18x FY18
02/26/18	OCBC	Sembcorp Industries	3.24	3.84	Buy
02/26/18	phillip	Sembcorp Industries	3.24	3.86	Accumulate	Sum of parts
02/26/18	UOB Kay Hian	Sembcorp Industries	3.24	3.28	Hold	Sum of parts, Buy @ $2.90
02/26/18	CIMB	Sembcorp Industries	3.24	4.13	Add	Sum of parts, PER8x FY18, PB0.63x FY18
02/26/18	phillip	Sembcorp Marine	2.23	1.91	Reduce	PER43.4x FY18
02/26/18	phillip	Sheng Siong	0.93	1.13	Buy	PER23x FY18
02/26/18	DMG & Partners	Sheng Siong	0.93	0.98	Neutral	DCF & PER
02/26/18	OCBC	Sheng Siong	0.93	1.06	Buy
02/26/18	CIMB	Sheng Siong	0.93	1.08	Add	PER22.3x CY19
02/26/18	CIMB	ST Engineering	3.39	3.8	Add	DCF, PER & Div yield
02/26/18	UOB Kay Hian	ST Engineering	3.39	3.6	Hold	DCF, Buy @ $3.20
02/26/18	DBS Vickers	ST Engineering	3.39	3.9	Buy
02/26/18	Lim & Tan	ST Engineering	3.39	0	Buy
02/26/18	DBS Vickers	Wilmar	3.13	3.65	Buy	DCF
02/26/18	DMG & Partners	Wilmar	3.13	3.45	Buy	Sum of parts

Do you support a rules-based system in the world?

https://sg.news.yahoo.com/china-demands-u-stops-unilateral-sanctions-over-north-150441118--sector.html

Many countries which support rules-based order or system in this world are keeping quiet when a big and mighty country like the USA is not following the rules-based order.

We must stop any country from imposing unilateral sanctions against another country without UN mandate.  What's the purpose of having an international entity like UN when a big and mighty country can just flout the international rules?

UN didn't stop the USA from invading Iraq with fabricated intelligence in the past.

UN is not stopping the USA from imposing excessive and illegal sanctions against NK now.

China is right to protest against the US for the unilateral sanctions.  We need to support a rules-based system and protest against any unilateral and illegal sanctions too.

Kota Baru snatch theft in Malaysia.

Poor elderly woman! Nobody is there to help her because of huge public distrust.

When there is a huge public distrust, a person will always second-guess another person's kind gesture.  This results in public apathy and people are unwilling to step forward to help.

An excellent example to depict the public distrust would be the Singapore driver's kind gesture.

http://sg-stock.blogspot.sg/2018/01/it-doesnt-pay-to-be-samaritan-in.html

2 kind drivers offered to a drive to students during raining days but police were called in to investigate the incidents.  Who would want to do good deed or offer kind gesture when the police will come knocking at the door?

Baltic dry index - 1185

Today, Friday, February 23 2018, the Baltic Dry Index climbed by 18 points, reaching 1185 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 - 978

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 978.

That exceeds the 754 rigs that were active this time a year ago.

Houston oilfield services company Baker Hughes reported Friday that 799 rigs drilled for oil this week and 179 for gas.

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

Oklahoma decreased by two rigs and Kansas, Pennsylvania and West Virginia each lost one.

Alaska, Arkansas, California and Utah 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 bond yields will continue to rise in 2018. Why? - Part 2

http://wallstreetexaminer.com/2018/02/treasury-seven-year-sale-caps-258-billion-week-higher-yields-git-r-done/

https://www.reuters.com/article/usa-bonds/treasuries-prices-pare-gains-after-soft-seven-year-auction-idUSL2N1QC1QF

USD 7-year treasury demand was weaker than expected and resulted in a soft sale.  With QE taperings in Europe & USA, there are lesser cheap monies in the world to be used or bond purchases.  Thus, it is not surprising for the US bonds to have weak sales.

Conversely, the central bankers from China, Japan and Saudi seemed to have lost faith in the USA long-term economic growth due to the increasing investment risks as Trump's policies focused on cutting taxes, militarization and infrastructure spending which didn't groove with economic sense.  In a nutshell, the USA is cutting tax revenues but increasing expenditures with no money in the coffer.  Therefore, the USA has to raise about USD$1T annually from 2018 to 2028 by issuing a lot of bonds to meet the fiscal deficits.

http://sg-stock.blogspot.sg/2018/02/us-bond-yields-will-continue-to-rise-in.html

India has to pay a high price to be an USA ally to contain China.

https://sg.finance.yahoo.com/news/exclusive-u-tells-india-cut-tariffs-trade-friction-061636397--finance.html

India has to pay a high price to be part of the USA allies to contain China.

Is the Indian economy strong enough to withstand the tariff cuts?  Obviously not!  India is in need of money to develop its economy and is in a serious fiscal deficit.

https://www.businesstoday.in/current/economy-politics/india-fiscal-deficit-breaches-target-borrowing-government-securities-economy-fy18/story/266906.html

Another USA anti-dumping measure. Rubberband is being targeted now.

https://www.commerce.gov/news/press-releases/2018/02/us-department-commerce-initiates-antidumping-duty-and-countervailing-1

OMG! Can you believe it? Rubberband is being targeted by the USA now.

The USA inflation is going to shoot up fast and furious now as the government implements more anti-dumping measures.

China is Vietnam's largest export market now!

http://www.chinadaily.com.cn/a/201802/23/WS5a8fb353a3106e7dcc13da07.html

Vietnam has managed to export more goods to China after settling the South China Sea issue.

The Vietnamese leaders have great foresight.

http://sg-stock.blogspot.sg/2017/11/vietnam-and-china-have-resolved-south.html

http://sg-stock.blogspot.sg/2017/01/vietnam-forsakes-usa-and-deflects-to.html

Rotary Engineering - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/26/16	Lim & Tan	Rotary Engineering	0.31	0	Hold
05/09/16	Lim & Tan	Rotary Engineering	0.38	0	Hold
09/16/16	Lim & Tan	Rotary Engineering	0.39	0	Hold
11/09/16	Lim & Tan	Rotary Engineering	0.39	0	Hold
10/02/17	Lim & Tan	Rotary Engineering	0.41	0.46	Accept Offer	Offer price $0.46