The recalcitrant PAP refused to back down. - Part 2

http://sg-stock.blogspot.com/2019/06/the-recalcitrant-pap-refused-to-back.html

PM Lee's FB post has gone awry and MFA damage control only fans the fire more.  Singapore proclaimed that it had no sympathy for Khmer Rouge but it seemed to send an innuendo that Cambodia had some sympathy when its millions of people were killed.

https://sg.news.yahoo.com/singapore-had-no-sympathy-for-khmer-rouge-values-ties-with-cambodia-and-vietnam-mfa-135329618.html

The victim, Cambodia, has accused PAP of supporting the Khmer Rouge and wished for its return.  This showed that Cambodia took the PAP's message to heart in a very bad way.

Vietnam and Cambodia denounced the PAP wrong interpretation of their histories and PM Lee had stirred up their painful past.

Vietnam and Cambodia are both ASEAN members.  They will oppose SG in the future in the ASEAN summit if they don't forgive SG.

Baltic dry index - 1138

Today, Friday, June 07 2019, the Baltic Dry Index showed no change, remaining at 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 stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 975

Related stock: Keppel Corp, Sembcorp Marine & Coso.

The recalcitrant PAP refused to back down.

https://sg.news.yahoo.com/cambodia-pm-hun-sen-pm-lee-comments-an-insult-to-sacrifice-of-vietnam-military-volunteers-090405166.html

https://sg.news.yahoo.com/vietnams-objection-to-pm-lees-remarks-doesnt-change-past-as-many-view-it-tan-chuan-jin-075804335.html

Look here! The only 2 countries that knew the truth were Cambodia and Vietnam, not SG and other countries.  These 2 countries are condemning SG now.

PAP is accusing Vietnam of being the invader and Cambodia the victim.  Let's put this in a satirical perspective (Vietnam-rapist, Cambodia-victim).  SG is accusing Vietnam of raping Cambodia in the past.  However, the rapist and victim denied the rape.  SG, being the bystander, insisted that Vietnam raped Cambodia.  Does this make sense?  Cambodia, being the victim, won't deny the rape if it did happen. 

Just look at the Japanese invasion!

South Korea, China and the rest of the world did not deny that their women were raped and forced to become comfort women. These countries insisted that it did happen!

History is not defined by politicians or else it will become a fake history when it is interpreted by politicians.

What good can SG derive out of this political squabble?  SG will only offend the 2 ASEAN nations for nothing.

Moya Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/07/19	DMG & Partners	Moya Asia	0.06	0.11	Buy
02/13/19	DMG & Partners	Moya Asia	0.082	0.11	Buy	DCF
03/05/19	DMG & Partners	Moya Asia	0.077	0.11	Buy	DCF
05/02/19	DMG & Partners	Moya Asia	0.081	0.095	Buy
06/06/19	DMG & Partners	Moya Asia	0.076	0.1	Buy

MM2 Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/14/19	DBS Vickers	MM2 Asia	0.3	0.33	Hold	Sum of parts
02/21/19	CIMB	MM2 Asia	0.3	0.37	Add	Sum of parts
02/21/19	Kim Eng	MM2 Asia	0.3	0.34	Buy	PEG0.93x
03/26/19	Kim Eng	MM2 Asia	0.315	0.34	Buy	PEG0.93x
05/31/19	DBS Vickers	MM2 Asia	0.24	0.34	Buy	Sum of parts, PER16x FY20
06/04/19	Kim Eng	MM2 Asia	0.245	0.26	Hold

MIT - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/27/19	Lim & Tan	MIT	0.36	0.405	Buy	Mid-point of $0.4-0.41

Stock calls for 7 June 2019

Date	Analyst	Company	Last	Target	Call	Valuation
06/07/19	CIMB	APAC Realty	0.51	0.67	Add
06/07/19	CIMB	Propnex	0.49	0.64	Add
06/07/19	DMG & Partners	Singapore Medical	0.38	0.48	Buy	DCF
06/07/19	CIMB	UOL	6.8	8.45	Add

Google has just realized its future is in danger.

https://sg.finance.yahoo.com/news/google-flags-u-national-security-044420067.html

It has just dawned on google now that it made a mistake on Huawei ban.

Hahaha! We had already stated this in our previous post.

http://sg-stock.blogspot.com/2019/05/google-has-just-killed-its-own-future.html

Mindchamps - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
04/05/19	DMG & Partners	Mindchamps	0.655	0.87	Buy
05/17/19	DMG & Partners	Mindchamps	0.66	0.83	Buy	DCF

Micro-Mechanics - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/30/19	Phillip	Micro-Mechanics	1.67	1.7	Accumulate	PER15x FY19
05/02/19	Phillip	Micro-Mechanics	1.63	1.63	Neutral	PER15x FY20

Mermaid Maritime - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/19/19	DBS Vickers	Mermaid Maritime	0.084	0.06	Sell	Sum of parts
03/19/19	CIMB	Mermaid Maritime	0.084	0.158	Hold	PB0.48x CY18

Stock calls for 6 June 2019

Date	Analyst	Company	Last	Target	Call	Valuation
06/06/19	DMG & Partners	APAC Realty	0.5	0.67	Buy
06/06/19	DMG & Partners	Bumitama	0.665	0.62	Neutral
06/06/19	OCBC	Capitamall Trust	2.46	2.33	Hold
06/06/19	DMG & Partners	CDL Hospitality	1.61	1.77	Buy
06/06/19	DMG & Partners	CSE Global	0.48	0.61	Buy
06/06/19	phillip	DBS	24.27	29	Accumulate
06/06/19	DMG & Partners	First Resources	1.56	1.53	Neutral
06/06/19	DMG & Partners	Frasers Centrepoint Trust	2.52	2.25	Neutral
06/06/19	DBS Vickers	Frasers Commercial Trust	1.51	1.7	Buy
06/06/19	DMG & Partners	Fu Yu	0.19	0.24	Buy
06/06/19	DMG & Partners	Genting	0.86	1.02	Neutral
06/06/19	DMG & Partners	GSS Energy	0.069	0.08	Neutral
06/06/19	DMG & Partners	HRnetGroup	0.71	0.94	Buy
06/06/19	DMG & Partners	ISOTeam	0.23	0.29	Buy
06/06/19	DMG & Partners	Japan Foods	0.43	0.4	Neutral
06/06/19	DBS Vickers	Keppel KBS	0.74	0.8	Buy
06/06/19	DMG & Partners	Kimly	0.23	0.23	Neutral
06/06/19	DMG & Partners	Manulife US Reit	0.845	0.96	Buy
06/06/19	DBS Vickers	Mapletree Logistics	1.5	1.6	Buy
06/06/19	DMG & Partners	Moya Asia	0.076	0.1	Buy
06/06/19	DBS Vickers	Netlink	0.825	0.9	Buy
06/06/19	phillip	OCBC	10.63	12.7	Accumulate
06/06/19	DMG & Partners	OUE Hospitality	0.68	0.76	Take Profit
06/06/19	DBS Vickers	SATS	5.04	5.44	Buy
06/06/19	DMG & Partners	Sheng Siong	1.1	1.23	Buy
06/06/19	DBS Vickers	Sheng Siong	1.1	1.25	Buy
06/06/19	DMG & Partners	Silverlake	0.53	0.65	Buy
06/06/19	DMG & Partners	Singapore Medical	0.385	0.48	Neutral
06/06/19	DMG & Partners	Singtel	3.21	3.35	Neutral
06/06/19	DBS Vickers	Singtel	3.21	3.55	Buy
06/06/19	UOB Kay Hian	SPH	2.31	2.86	Buy	Sum of parts
06/06/19	DMG & Partners	ST Engineering	4	4.45	Buy
06/06/19	DBS Vickers	ST Engineering	4	4.5	Buy
06/06/19	DMG & Partners	Starhill	0.735	0.78	Buy
06/06/19	DMG & Partners	Starhub	1.49	1.72	Neutral
06/06/19	DMG & Partners	Thai Beverage	0.84	0.92	Buy
06/06/19	DBS Vickers	Thai Beverage	0.84	0.91	Buy
06/06/19	phillip	UOB	24	30.9	Accumulate
06/06/19	DMG & Partners	UOB	24	30.8	Buy
06/06/19	DMG & Partners	Wilmar	3.3	3.94	Buy

Trump is threatening China again with more tariffs.

https://www.cnbc.com/2019/06/06/trump-says-tariffs-on-china-could-be-raised-by-another-300-billion.html

China is prepared for a full-scale trade war with the US now.  The state media is using the term "trade war" now instead of "trade conflict" in China.

Do not pin any hope that the US and China can reach a trade deal in the G20 summit in June 2019.

Is G20 still relevant today?

https://sg.finance.yahoo.com/news/trade-war-weak-growth-test-063632729.html

The cold hard fact is G20 is no longer relevant today.  Why?  This is because it is G2 that decides the world economic growth and not G20.  The G18 never tries to stop the G2 trade war but joins in the trade war by fighting against the G2.

Cambodia and Vietnam condemn PM Lee's remarks.

https://www.theonlinecitizen.com/2019/06/05/diplomatic-rift-mounting-between-cambodia-and-sg-over-pm-lees-remark-on-fb/

https://www.theonlinecitizen.com/2019/06/05/vietnam-joins-in-to-condemn-pm-lees-online-remark/

It is a fact that our PM Lee doesn't understand history as well as his father.  His ignorance caused Cambodia and Vietnam to condemn SG and make SG lose face. Sigh!

Just look at PM Lee's stance on Japan's heinous war crimes.

https://sg-stock.blogspot.com/2018/01/whats-wrong-with-singapores-mindset.html

Even our PAP MP doesn't understand ASEAN history well.

http://sg-stock.blogspot.com/2018/01/singapore-has-no-future-when-weve.html

How does a Cambridge professor view China?

An impartial and objective opinion from a Cambridge Professor about China.

China is right to support Venezuela.

https://sg.finance.yahoo.com/news/xi-says-china-play-constructive-015417369.html

The UN only recognizes the elected President of Venezuela and not any self-proclaimed President which is endorsed by the western countries.

Maduro is the legitimate and the only elected President and China is right to support him.

With China and Russia's support, the US will have limited influences in Venezuela and Venezuela will be more stable without the US intervention.

Will the US Fed reduce its interest rates because of the trade war? - Part 2

https://finance.yahoo.com/news/stock-wall-street-surges-powells-161900316.html

The US stock market's surge last night was caused by Fed Powell speech which hinted that he would cut interest rates.  However, the US stock market is just having some dead cat bounce and the US economy is still deteriorating.  At the end of the day, the US stock market still must reflect the true economic condition.

http://sg-stock.blogspot.com/2019/06/ism-pmi-analysis-for-us-economy.html

This interest rate reduction had been predicted by us in our previous post below.

http://sg-stock.blogspot.com/2019/05/will-us-fed-reduce-its-interest-rates.html

We indicated that the US Fed would be willing to cut interest rates by analyzing the 4 US Fed interest rates.

China has issued a travel alert to USA.

https://sg.finance.yahoo.com/news/china-warns-companies-u-travel-091736491.html

China is trying to reduce its services trade deficit with the US by discouraging China tourism in the US.

This US-China trade war will escalate further and may balkanize the world into 2 (US vs China).  We'll have to choose to adopt US technology or China technology in the future.