The stock market will start in the red next week.

https://finance.yahoo.com/news/latest-china-says-retaliate-us-tariffs-080311519--finance.html

The stock market will start in the red next week because of the USA waging a trade war with China.

There is no way for China not to take retaliatory actions against the USA because of national pride and interest.  If Trump thinks that the USA will win this trade war, he is dead wrong because the Chinese citizens have deeper pockets than US citizens and can last longer than the Americans.  Furthermore,  Trump has an election coming up but President Xi doesn't have an election in China.  Therefore, President Xi has no political pressure to cave in to Trump.

Baltic dry index - 1445

Today, Friday, June 15 2018, the Baltic Dry Index climbed by 12 points, reaching 1445 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 - 1059

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 1,059.

At this time a year ago there were 933 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 863 rigs drilled for oil this week and 194 for gas. Two were listed as miscellaneous.

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

Texas lost four rigs, Alaska declined by two and Colorado, Ohio, Pennsylvania and West Virginia each lost one.

Arkansas, California, Oklahoma, Utah and Wyoming were 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

US-China trade war is back!

https://sg.finance.yahoo.com/news/trump-meet-top-trade-advisers-activation-china-tariffs-215136078--business.html

Trump is reactivating his US-China trade war after settling Kim in Singapore.

China has stated clearly that it is ready for the trade war.  Let's see how this will pan out.

OPEC will face a formidable nemesis in the future.

https://finance.yahoo.com/news/india-china-look-form-oil-220000529.html

It is a great news for all oil-importing countries because India & China will form an "Oil buyers' club" to negotiate with OPEC.

OPEC has been imposing discriminating pricing strategy on Asian countries with ASIAN PREMIUM measure because we have no bargaining power.  In the future, we can say NO to OPEC's pricing with this new club's prowess.

Kudos to India & China for making Asia a more competitive region.

K1 Ventures - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/15/17	DMG & Partners	K1 Ventures	0.835	0	Take Profit

Jumbo - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/17	UOB Kay Hian	Jumbo	0.725	0.65	Hold	DCF
02/15/17	DBS Vickers	Jumbo	0.715	0.72	Hold	PER23x FY17
02/15/17	Kim Eng	Jumbo	0.715	0.75	Hold	DCF
03/27/17	Lim & Tan	Jumbo	0.705	0	Hold
03/28/17	UOB Kay Hian	Jumbo	0.695	0.67	Hold	DCF, Buy @ $0.61
05/16/17	DBS Vickers	Jumbo	0.655	0.72	Hold	PER23x FY17/18
05/16/17	Kim Eng	Jumbo	0.655	0.66	Hold	DCF
05/16/17	UOB Kay Hian	Jumbo	0.655	0.64	Hold	DCF, Buy @ $0.58
08/10/17	DBS Vickers	Jumbo	0.59	0.67	Hold	PER23x FY18
08/11/17	UOB Kay Hian	Jumbo	0.56	0.6	Hold	DCF, Buy @ $0.54
11/27/17	DBS Vickers	Jumbo	0.58	0.61	Hold	PER23x FY18
11/27/17	Lim & Tan	Jumbo	0.58	0	Neutral
11/28/17	UOB Kay Hian	Jumbo	0.565	0.6	Hold	DCF, Buy @ $0.54
12/13/17	DBS Vickers	Jumbo	0.585	0.7	Buy	DCF
12/13/17	Kim Eng	Jumbo	0.585	0.7	Buy	DCF
01/04/18	Kim Eng	Jumbo	0.59	0.7	Buy	DCF, PER26x FY18
02/15/18	Kim Eng	Jumbo	0.57	0.7	Buy	DCF, PER26x FY18
02/15/18	DBS Vickers	Jumbo	0.57	0.58	Hold	PER23x FY18
02/19/18	UOB Kay Hian	Jumbo	0.575	0.59	Hold	DCF, Buy @ $0.53
03/12/18	Kim Eng	Jumbo	0.55	0.7	Buy	DCF
05/15/18	DBS Vickers	Jumbo	0.56	0.58	Hold	PER23x FY18/19
05/16/18	UOB Kay Hian	Jumbo	0.54	0.53	Hold	DCF, Buy @ $0.48

Stock calls for 14 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/14/18	DBS Vickers	China Everbright	0.41	0.65	Buy
06/14/18	CIMB	Religare Health Trust	0.765	0.81	Hold	DDM
06/14/18	OCBC	SATS	5.06	5.5	Buy

120 countries condemn Israel & US in the UN.

https://sg.news.yahoo.com/un-votes-condemning-israel-over-gaza-violence-012333138.html

It's great to see that JUSTICE is slowly crawling back in UN and the UN is not dominated by the mighty and big bully, USA.

I wonder what SG voted for in this UN resolution.

Jubilee - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
10/04/17	NRA	Jubilee	0.043	0.07	Overweight
10/13/17	NRA	Jubilee	0.048	0.067	Overweight
03/12/18	CIMB	Jubilee	0.037	0.051	Add	Sum of parts
06/01/18	CIMB	Jubilee	0.039	0.051	Add	Sum of parts

Japfa - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/24/17	CIMB	Japfa	0.92	1.53	Add	Sum of parts, PER11.6x CY17
02/10/17	DBS Vickers	Japfa	1.02	1.26	Buy
03/03/17	CIMB	Japfa	0.9	1.41	Add	Sum of parts
03/06/17	DBS Vickers	Japfa	0.89	1.25	Buy	Sum of parts, PER10.1x FY17
04/10/17	DBS Vickers	Japfa	0.835	1.25	Buy
04/17/17	CIMB	Japfa	0.805	0.69	Reduce	Sum of parts
04/24/17	DBS Vickers	Japfa	0.63	1	Buy	Sum of parts, EV/Ebitda6.5x FY17, PER10.5x FY17
05/02/17	CIMB	Japfa	0.605	0.58	Reduce	Sum of parts, PER8.2x CY17, PER7.2x CY18
05/02/17	DBS Vickers	Japfa	0.605	0.84	Buy	Sum of parts, PER10.7x FY17
07/05/17	DBS Vickers	Japfa	0.65	0.88	Buy	Sum of parts
07/31/17	CIMB	Japfa	0.595	0.55	Reduce	Sum of parts

Stock calls for 13 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/13/18	DBS Vickers	City Developments	11.52	15.4	Buy
06/13/18	OCBC	DBS	28.48	34.6	Buy
06/13/18	phillip	Shopper360	0.18	0.33	Trading Buy	PER7x FY19
06/13/18	UOB Kay Hian	SPH	2.69	2.46	Hold	Buy @ $2.40
06/13/18	OCBC	UOB	27.86	31.02	Buy
06/13/18	DBS Vickers	UOL	8	10.23	Buy
06/13/18	CIMB	UOL	8	9.65	Add	RNAV (20% discount)
06/13/18	Lim & Tan	Venture	20.65	0	Accumulate

Mahathir is so sly and flip-flop to avoid paying damages to Singapore.

https://sg.finance.yahoo.com/news/high-speed-rail-not-scrapped-040953118.html

To avoid paying SG $500m in damages for the termination of KL-SG HSR, Mahathir has changed his tone by saying that he is simply deferring the HSR.  What a sly old man!

Japan Foods - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/17/17	Amfrasers	Japan Foods	0.445	0.56	Buy	DCF, PER18x FY18
05/29/17	Amfrasers	Japan Foods	0.48	0.54	Buy	DCF, PER18.7x FY18
08/04/17	Amfrasers	Japan Foods	0.43	0.53	Buy	DCF
11/15/17	Amfrasers	Japan Foods	0.43	0.53	Buy	DCF
02/14/18	Amfrasers	Japan Foods	0.46	0.54	Buy	DCF
05/07/18	DMG & Partners	Japan Foods	0.505	0.63	Buy	DCF, PER19x FY19
05/22/18	Amfrasers	Japan Foods	0.485	0.64	Buy	DCF

Jadason - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/08/17	DMG & Partners	Jadason	0.07	0.15	Buy	DCF, PER12x FY18
06/27/17	DMG & Partners	Jadason	0.088	0.15	Buy	DCF, PER12x FY18
07/03/17	CIMB	Jadason	0.084	0.17	Add	PER12.34x FY18
08/04/17	CIMB	Jadason	0.103	0.17	Add	PER12.34x FY18
08/07/17	DMG & Partners	Jadason	0.1	0.15	Buy	DCF, PER12x FY18
09/04/17	DMG & Partners	Jadason	0.102	0.12	Buy	DCF, PER11.4x FY18
09/05/17	CIMB	Jadason	0.095	0.13	Add	PER12.34x FY18
11/09/17	DMG & Partners	Jadason	0.093	0.1	Buy	DCF, PER11.3x FY18
11/13/17	CIMB	Jadason	0.087	0.11	Add	PER12.34x FY19
03/01/18	DMG & Partners	Jadason	0.073	0.08	Neutral	DCF
03/07/18	CIMB	Jadason	0.07	0.08	Add	PER12.34x FY19
05/16/18	CIMB	Jadason	0.05	0.077	Add	PB1x CY18
05/18/18	DMG & Partners	Jadason	0.05	0.05	Neutral	DCF

Stock calls for 12 June 2018

Date	Analyst	Company	Last	Target	Call	Valuation
06/12/18	DBS Vickers	CapitaCommercial	1.7	2.1	Buy
06/12/18	UOB Kay Hian	Starhub	1.84	1.98	Hold	DCF
06/12/18	DBS Vickers	Suntec Reit	1.74	2.3	Buy
06/12/18	OCBC	Yangzijiang	0.995	1.18	Buy	Sum of parts

Temasek is interested to buy Hainan Airlines.

https://www.bloombergquint.com/opinion/2018/06/11/singapore-inc-buys-an-overpriced-ticket-to-hainan

Temasek may be overpaying for debt-laden Hainan airlines.

I hope this won't become another multi-billion loss for our country again.

SCO has surpassed G7 already!

http://money.cnn.com/2018/06/08/news/economy/quebec-qingdao-summits-explainer/index.html

http://money.cnn.com/2018/06/11/news/economy/sco-summit-g7-trade-china/index.html

CNN has acknowledged that SCO is more important than G7 now and SCO will lead the world economies.

The recent SCO summit was a huge success compared to the G7 as this was the first time Pakistan and India (arch enemies) sat together in such a caucus.  Furthermore, Iran was involved as a future incumbent member.

Kudos to China for such a successful SCO!

ISOTeam - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/10/17	DMG & Partners	ISOTeam	0.395	0.54	Buy	DCF, PER14x FY17
01/12/17	UOB Kay Hian	ISOTeam	0.405	0.6	Buy	DCF
02/14/17	UOB Kay Hian	ISOTeam	0.42	0.6	Buy	DCF
02/15/17	DMG & Partners	ISOTeam	0.405	0.59	Buy	DCF, PER13.5x FY17
03/02/17	UOB Kay Hian	ISOTeam	0.395	0.6	Buy
05/15/17	UOB Kay Hian	ISOTeam	0.37	0.54	Buy
08/28/17	DMG & Partners	ISOTeam	0.345	0.5	Buy	DCF
11/13/17	DMG & Partners	ISOTeam	0.345	0.46	Buy	DCF, PER13x FY18
02/13/18	UOB Kay Hian	ISOTeam	0.355	0.45	Buy	PER10.4x FY18
02/15/18	DMG & Partners	ISOTeam	0.33	0.46	Buy	DCF, PER13x FY18
05/17/18	DMG & Partners	ISOTeam	0.35	0.42	Buy	DCF

ISEC Healthcare - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
06/05/17	Kim Eng	Isec Healthcare	0.345	0.4	Buy	PER23x FY18
07/13/17	Kim Eng	Isec Healthcare	0.315	0.4	Buy	PER23x FY18