Dasin Retail - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/16/18	phillip	Dasin Retail	0.85	0.98	Buy	DDM
03/02/18	phillip	Dasin Retail	0.87	0.98	Buy	DDM

Dairy Farm - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Dairy Farm	7.19	8.6	Buy	DCF, PER21x FY17
01/12/17	DMG & Partners	Dairy Farm	7.26	8.5	Buy	DCF
01/20/17	CIMB	Dairy Farm	7.37	8.7	Add
03/03/17	CIMB	Dairy Farm	8.44	9.18	Add	PER23.7x CY18
03/06/17	DBS Vickers	Dairy Farm	8.51	9.96	Buy	Sum of parts
03/06/17	DMG & Partners	Dairy Farm	8.51	10	Buy	DCF
03/06/17	Lim & Tan	Dairy Farm	8.51	0	Hold	PER23x
03/16/17	DIR	Dairy Farm	8.95	10.3	Outperform	PER26.5x FY17
05/02/17	DMG & Partners	Dairy Farm	8.9	10	Buy
05/05/17	CIMB	Dairy Farm	8.89	9.18	Add	PER23.7x CY18
06/16/17	DMG & Partners	Dairy Farm	8.04	10	Buy	DCF, PER26x FY17
06/30/17	DIR	Dairy Farm	7.92	10.5	Buy	PER26.5x FY17
07/04/17	DMG & Partners	Dairy Farm	7.95	10	Buy
07/10/17	DBS Vickers	Dairy Farm	8.14	9.96	Buy
08/02/17	DMG & Partners	Dairy Farm	8.02	10	Buy
08/04/17	CIMB	Dairy Farm	8.06	9.18	Add	PER23.7x CY18
08/07/17	DIR	Dairy Farm	7.72	10	Buy	PER26.5x FY18
08/07/17	DMG & Partners	Dairy Farm	7.72	9.53	Buy	DCF
08/10/17	DBS Vickers	Dairy Farm	7.81	9.89	Buy	Sum of parts
09/14/17	DIR	Dairy Farm	8.06	10	Buy	PER26.5x FY18
09/27/17	phillip	Dairy Farm	7.48	9.89	Buy	Sum of parts
11/29/17	DMG & Partners	Dairy Farm	8.31	9.53	Buy
12/04/17	phillip	Dairy Farm	8.08	9.89	Buy
12/19/17	DMG & Partners	Dairy Farm	7.94	9.53	Buy
01/04/18	DMG & Partners	Dairy Farm	7.9	9.53	Buy	DCF
02/19/18	DMG & Partners	Dairy Farm	8.38	9.53	Buy	DCF
03/09/18	CIMB	Dairy Farm	8.21	8.4	Hold	PER21x CY19
03/12/18	phillip	Dairy Farm	8.03	9.83	Buy	Sum of parts
03/12/18	Lim & Tan	Dairy Farm	8.03	0	Hold	PER20x & 2.62% yield
03/13/18	DBS Vickers	Dairy Farm	8.09	9.54	Buy	Sum of parts
03/27/18	DMG & Partners	Dairy Farm	9.1	9.16	Buy	DCF
03/28/18	DBS Vickers	Dairy Farm	8	9.77	Buy	Sum of parts
04/16/18	phillip	Dairy Farm	8.27	9.83	Buy
04/16/18	DMG & Partners	Dairy Farm	8.27	9.16	Buy

CSE Global - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/27/17	CIMB	CSE Global	0.485	0.59	Add	PER12x FY18
02/27/17	DBS Vickers	CSE Global	0.485	0.46	Hold	PER9.6x, Ex-Cash
03/13/17	CIMB	CSE Global	0.495	0.59	Add	PER12x FY18
03/13/17	OCBC	CSE Global	0.495	0.44	Hold
05/15/17	CIMB	CSE Global	0.5	0.56	Add	PER12x FY18
06/15/17	OCBC	CSE Global	0.475	0.45	Hold
07/25/17	CIMB	CSE Global	0.43	0.39	Reduce	PER10x FY18
08/14/17	CIMB	CSE Global	0.395	0.32	Reduce	PER10x FY18
11/10/17	CIMB	CSE Global	0.345	0.31	Reduce	PER10x CY19
01/12/18	CIMB	CSE Global	0.37	0.31	Reduce	PER10x CY19
02/26/18	Lim & Tan	CSE Global	0.345	0	Buy
02/27/18	CIMB	CSE Global	0.37	0.39	Hold	PER12x CY19
03/08/18	CIMB	CSE Global	0.37	0.39	Hold	PER12x CY19
04/17/18	CIMB	CSE Global	0.42	0.44	Hold
04/30/18	Lim & Tan	CSE Global	0.42	0.55	Buy	DCF & DDM & RV
05/02/18	UOB Kay Hian	CSE Global	0.415	0.58	Buy	PER15x FY19

Cromwell Reit (EUR) - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/02/18	UBS	Cromwell Reit (EUR)	0.555	0.62	Buy
01/02/18	Goldman Sachs	Cromwell Reit (EUR)	0.555	0.58	Neutral	DCF
03/19/18	DBS Vickers	Cromwell Reit (EUR)	0.56	0.63	Buy
04/10/18	DBS Vickers	Cromwell Reit (EUR)	0.59	0.63	Buy	DCF

Stock calls for 9 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/09/18	Kim Eng	Bumitama	0.67	0.99	Buy	PER14x FY18
05/09/18	UOB Kay Hian	Bumitama	0.67	0.8	Buy	PER11x FY18
05/09/18	DBS Vickers	Bumitama	0.67	0.94	Buy	DCF, PER15.3x FY18
05/09/18	DBS Vickers	Delfi	1.48	1.8	Buy	PER26x FY18/19
05/09/18	DMG & Partners	Delfi	1.48	1.54	Neutral
05/09/18	CIMB	Frasers Logistics	1.03	1.24	Add	DDM
05/09/18	OCBC	Frasers Logistics	1.03	1.21	Buy
05/09/18	DMG & Partners	Kimly	0.345	0.43	Buy	DCF, PER22.8x FY18
05/09/18	DMG & Partners	Mindchamps	0.795	1	Buy	EV/Ebitda19x & DCF
05/09/18	phillip	OCBC	13.08	14.9	Accumulate	GGM, PB1.6x FY18
05/09/18	Kim Eng	OCBC	13.08	14.6	Buy	GGM, PB1.5x FY18
05/09/18	DBS Vickers	Riverstone	0.985	1.27	Buy
05/09/18	Lim & Tan	Riverstone	0.985	0	Hold
05/09/18	phillip	Sembcorp Industries	3.06	3.83	Buy	Sum of parts (10% discount)
05/09/18	Macquarie	UOB	29.34	30.5	Outperform

USD has been rising recently.

The USD has been rising recently.

We had stated previously that the USD weakness was only a temporary phenomenon as economic logic would prevail with the continual gradual interest rate hikes.

http://sg-stock.blogspot.sg/2017/12/the-usd-has-been-falling-recently.html

China is also targeting USA pork now.

https://www.reuters.com/article/us-usa-trade-china-pork-exclusive/exclusive-china-ramps-up-checks-on-u-s-pork-imports-in-potentially-costly-slowdown-idUSKBN1I91I2

China is targeting the US meat and produce farmers before going to the USA for the trade negotiation.  This will put a lot of pressure on Trump since his supporters are farmers.

Croesus RT - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	DMG & Partners	Croesus RT	0.835	0.96	Buy
01/09/17	DBS Vickers	Croesus RT	0.845	0.99	Buy	DCF
02/15/17	CIMB	Croesus RT	0.875	0.98	Add	DDM
02/15/17	DBS Vickers	Croesus RT	0.875	0.99	Buy	DCF
02/15/17	DMG & Partners	Croesus RT	0.875	0.96	Buy	DDM
02/15/17	phillip	Croesus RT	0.875	0.93	Accumulate	DDM
03/17/17	DBS Vickers	Croesus RT	0.885	0.99	Buy
04/10/17	DBS Vickers	Croesus RT	0.915	0.99	Buy
05/16/17	DMG & Partners	Croesus RT	1	1	Neutral	DDM, Up from $0.97
05/17/17	DBS Vickers	Croesus RT	0.995	1.15	Buy	DCF
05/17/17	phillip	Croesus RT	0.995	1.08	Accumulate	DDM
06/16/17	DBS Vickers	Croesus RT	1.015	1.15	Buy
06/29/17	CIMB	Croesus RT	1.175	1.17	Add	Offer price $1.17
06/29/17	DMG & Partners	Croesus RT	1.175	1.17	Take Profit	Offer price $1.17
06/29/17	phillip	Croesus RT	1.175	1.17	Accept Offer	Offer price $1.17
06/30/17	Amfrasers	Croesus RT	1.185	1.18	Trading Buy

Creative Tech - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
03/01/18	DBS Vickers	Creative Tech	4.02	5.56	Not Rated

Courts Asia - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/08/17	DBS Vickers	CourtsAsia	0.435	0.51	Buy	PER10x FY17/18
06/30/17	CIMB	CourtsAsia	0.43	0.6	Add	PER10.2x CY18
06/30/17	DBS Vickers	CourtsAsia	0.43	0.5	Buy
08/14/17	DBS Vickers	CourtsAsia	0.425	0.49	Buy	PER10x FY18
11/13/17	DBS Vickers	CourtsAsia	0.345	0.36	Hold	PER10x FY19

Stock calls for 8 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/08/18	DBS Vickers	A-Reit	2.65	3	Buy
05/08/18	DMG & Partners	Avi-Tech	0.455	0.46	Neutral	DCF, PER11.5x FY19
05/08/18	DBS Vickers	Breadtalk	1.78	1.98	Buy	Sum of parts
05/08/18	DMG & Partners	Bumitama	0.69	0.85	Buy	PER12x FY18
05/08/18	DBS Vickers	CapitaCommercial	1.79	2.1	Buy
05/08/18	DBS Vickers	CDL Hospitality	1.73	2	Buy
05/08/18	Goldman Sachs	DBS	28.97	36	Buy	DDM
05/08/18	DBS Vickers	Frasers Centrepoint Trust	2.21	2.45	Buy
05/08/18	OCBC	Frasers Logistics	1.02	1.25	Buy
05/08/18	Credit Suisse	Keppel Corp	8.13	10	Outperform
05/08/18	Phillip	Keppel DC Reit	1.43	1.51	Accumulate	DDM
05/08/18	Deutsche	Keppel DC Reit	1.43	1.3	Hold
05/08/18	Credit Suisse	Keppel DC Reit	1.43	1.56	Outperform
05/08/18	CIMB	Keppel DC Reit	1.43	1.49	Add	DDM
05/08/18	OCBC	Keppel DC Reit	1.43	1.54	Buy
05/08/18	Amfrasers	Manulife US Reit	0.945	1.02	Buy
05/08/18	Macquarie	OCBC	13.17	14.5	Outperform
05/08/18	CIMB	OCBC	13.17	14	Hold	GGM, PB1.5x FY18
05/08/18	UOB Kay Hian	OCBC	13.17	16.5	Buy	GGM, PB1.66x FY18
05/08/18	Credit Suisse	OCBC	13.17	15.1	Outperform
05/08/18	DBS Vickers	OCBC	13.17	15.3	Buy	GGM, PB1.5x FY18
05/08/18	Deutsche	OCBC	13.17	14	Hold
05/08/18	DBS Vickers	Roxy-Pacific	0.515	0.63	Buy
05/08/18	Amfrasers	Sembcorp Marine	2.1	2.64	Buy	PB2.4x FY18
05/08/18	OCBC	Sembcorp Marine	2.1	2.1	Hold
05/08/18	DBS Vickers	Suntec Reit	1.92	2.3	Buy
05/08/18	CIMB	United Engineers	2.67	2.94	Add	RNAV (15% discount)
05/08/18	Lim & Tan	Venture	20.65	0	Buy on weakness
05/08/18	Citibank	Venture	20.65	31.74	Buy

China is targeting USA agricultural products now.

https://sg.finance.yahoo.com/news/chinese-customs-says-stepping-quarantine-checks-u-apple-115931553--finance.html

China is hitting Trump's supporters now for the trade war.

Non-USA agricultural products will benefit from this trade war as they will receive more orders.

Cosco - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/27/17	DBS Vickers	Cosco	0.28	0.27	Hold	PB1.8x FY16
05/08/17	DBS Vickers	Cosco	0.285	0.27	Hold	PB1.2x
07/21/17	DBS Vickers	Cosco	0.31	0.27	Hold
08/08/17	DBS Vickers	Cosco	0.3	0.27	Hold	PB1.2x
11/07/17	DBS Vickers	Cosco	0.355	0.33	Hold	PB1.4x

Comfortdelgro - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/03/17	CIMB	Comfortdelgro	2.47	2.91	Add	DCF CY17
01/03/17	DMG & Partners	Comfortdelgro	2.47	3.24	Buy	DCF
01/04/17	OCBC	Comfortdelgro	2.5	2.95	Buy	DCF
01/05/17	Credit Suisse	Comfortdelgro	2.51	3.6	Outperform
01/06/17	UBS	Comfortdelgro	2.53	3.43	Buy
01/12/17	DIR	Comfortdelgro	2.53	3.67	Buy	DCF
02/06/17	Credit Suisse	Comfortdelgro	2.37	3.6	Outperform
02/13/17	CIMB	Comfortdelgro	2.51	2.91	Add	DCF
02/13/17	Credit Suisse	Comfortdelgro	2.51	3.35	Outperform
02/13/17	DBS Vickers	Comfortdelgro	2.51	2.94	Buy	DCF & PER
02/13/17	DIR	Comfortdelgro	2.51	3.51	Buy	DCF
02/13/17	DMG & Partners	Comfortdelgro	2.51	3	Buy	DCF
02/13/17	OCBC	Comfortdelgro	2.51	2.95	Buy
02/13/17	phillip	Comfortdelgro	2.51	2.94	Accumulate	DCF, PER19.8x FY17
02/13/17	UOB Kay Hian	Comfortdelgro	2.51	2.47	Hold	PER16.5x, Buy @ $2.20
03/06/17	Credit Suisse	Comfortdelgro	2.51	3.35	Outperform
03/06/17	Nomura	Comfortdelgro	2.51	2.56	Neutral
03/17/17	DBS Vickers	Comfortdelgro	2.53	2.94	Buy
03/27/17	OCBC	Comfortdelgro	2.52	2.95	Buy
03/30/17	UOB Kay Hian	Comfortdelgro	2.6	2.47	Hold	PER16.5x, Buy @ $2.35
04/04/17	OCBC	Comfortdelgro	2.58	2.95	Buy
04/07/17	Credit Suisse	Comfortdelgro	2.63	3.35	Outperform
04/12/17	DIR	Comfortdelgro	2.63	3.51	Buy	DCF
04/19/17	Deutsche	Comfortdelgro	2.66	2.9	Buy
04/20/17	DBS Vickers	Comfortdelgro	2.61	2.94	Buy
04/20/17	OCBC	Comfortdelgro	2.61	2.95	Buy
04/21/17	DIR	Comfortdelgro	2.66	3.54	Buy	DCF
05/12/17	DMG & Partners	Comfortdelgro	2.72	3	Buy	DCF
05/15/17	CIMB	Comfortdelgro	2.69	2.78	Hold	DCF FY17
05/15/17	Credit Suisse	Comfortdelgro	2.69	3.35	Outperform
05/15/17	DBS Vickers	Comfortdelgro	2.69	2.78	Hold	DCF & PER15x FY17/18
05/15/17	DIR	Comfortdelgro	2.69	3.49	Buy	DCF
05/15/17	OCBC	Comfortdelgro	2.69	2.88	Buy
05/15/17	phillip	Comfortdelgro	2.69	3.02	Accumulate	DCF, PER23.4x FY17
06/09/17	Deutsche	Comfortdelgro	2.4	2.9	Buy	DCF
06/09/17	Kim Eng	Comfortdelgro	2.4	2.64	Hold	PER17x FY17
06/27/17	UOB Kay Hian	Comfortdelgro	2.37	2.37	Hold	PER16.7x, Buy @ $2.20
07/04/17	DMG & Partners	Comfortdelgro	2.3	3	Buy
07/04/17	Nomura	Comfortdelgro	2.3	1.98	Reduce
07/13/17	DIR	Comfortdelgro	2.28	3.49	Buy	DCF
08/14/17	phillip	Comfortdelgro	2.31	2.78	Buy	DCF, PER20.6x FY17
08/14/17	DIR	Comfortdelgro	2.31	3.36	Buy	DCF
08/14/17	UOB Kay Hian	Comfortdelgro	2.31	2.37	Hold	PER16.6x, Buy @ $2.20
08/14/17	Credit Suisse	Comfortdelgro	2.31	3.2	Outperform
08/14/17	DMG & Partners	Comfortdelgro	2.31	2.6	Buy	DCF
08/14/17	OCBC	Comfortdelgro	2.31	2.7	Buy
08/14/17	CIMB	Comfortdelgro	2.31	2.46	Hold	DCF
08/14/17	Kim Eng	Comfortdelgro	2.31	2.25	Hold	PER16x FY17
08/15/17	DBS Vickers	Comfortdelgro	2.3	2.33	Hold	DCF, PER13x FY18
08/24/17	UOB Kay Hian	Comfortdelgro	2.36	2.37	Hold	PER16.6x, Buy @ $2.25
09/06/17	DIR	Comfortdelgro	2.21	3.19	Buy	DCF
09/15/17	Nomura	Comfortdelgro	2.18	1.98	Reduce	PER13x FY18
09/19/17	DBS Vickers	Comfortdelgro	2.07	2.33	Hold	DCF, PER13x FY18
09/20/17	DIR	Comfortdelgro	2.01	2.09	Hold	DCF
09/28/17	CIMB	Comfortdelgro	1.985	2.15	Hold	DCF
09/29/17	UOB Kay Hian	Comfortdelgro	2.04	2.34	Buy	PER16.6x
09/29/17	Kim Eng	Comfortdelgro	2.04	2.4	Buy	DCF, PER16.3x FY18
10/04/17	OCBC	Comfortdelgro	2.04	2.12	Hold	Buy @ $1.90
10/25/17	CIMB	Comfortdelgro	2.03	2.15	Hold	DCF
11/13/17	phillip	Comfortdelgro	2	2.69	Buy	DCF
11/13/17	UOB Kay Hian	Comfortdelgro	2	2.25	Buy	PER16.6x FY18
11/13/17	DBS Vickers	Comfortdelgro	2	2.18	Hold	DCF & PER15.3x FY17/18
11/13/17	Kim Eng	Comfortdelgro	2	2.4	Buy	DCF, PER16x FY18
11/13/17	OCBC	Comfortdelgro	2	2.05	Hold	Buy @ $1.90 or below
11/13/17	CIMB	Comfortdelgro	2	2.15	Hold	DCF
11/13/17	Lim & Tan	Comfortdelgro	2	0	Hold
11/13/17	Credit Suisse	Comfortdelgro	2	3.1	Outperform
11/14/17	DMG & Partners	Comfortdelgro	2.1	2	Neutral	DCF, PER14.5x FY18
12/11/17	CIMB	Comfortdelgro	1.91	2.15	Hold
12/11/17	Kim Eng	Comfortdelgro	1.91	2.4	Buy	DCF
12/11/17	phillip	Comfortdelgro	1.91	2.69	Buy	DCF
12/11/17	UOB Kay Hian	Comfortdelgro	1.91	2.25	Buy	PER16.6x
12/11/17	Lim & Tan	Comfortdelgro	1.91	0	Hold
12/12/17	DBS Vickers	Comfortdelgro	2.03	2.18	Hold
01/03/18	Amfrasers	Comfortdelgro	2.01	2.24	Buy	PER16x FY18
01/04/18	phillip	Comfortdelgro	2.02	2.63	Buy	DCF
01/04/18	OCBC	Comfortdelgro	2.02	2.05	Hold
01/11/18	Kim Eng	Comfortdelgro	1.99	2.4	Buy	DCF
01/18/18	UOB Kay Hian	Comfortdelgro	2.03	2.25	Buy	PER16.6x
01/19/18	CIMB	Comfortdelgro	2.01	2.15	Hold
02/02/18	OCBC	Comfortdelgro	2.15	2.12	Hold
02/13/18	UOB Kay Hian	Comfortdelgro	2.01	2.25	Buy	PER16.6x
02/14/18	DBS Vickers	Comfortdelgro	2.01	2.12	Hold	DCF & PER
02/14/18	Kim Eng	Comfortdelgro	2.01	2.35	Buy	DCF
02/14/18	OCBC	Comfortdelgro	2.01	2.25	Buy
02/14/18	CIMB	Comfortdelgro	2.01	2.16	Hold	DCF
02/14/18	Lim & Tan	Comfortdelgro	2.01	0	Buy on weakness
02/14/18	DMG & Partners	Comfortdelgro	2.01	2.05	Neutral	DCF
02/14/18	phillip	Comfortdelgro	2.01	2.5	Buy	DCF, PER17.4x FY18
02/15/18	DMG & Partners	Comfortdelgro	2.02	1.98	Neutral	DCF
03/09/18	Kim Eng	Comfortdelgro	2.06	2.35	Buy	DCF
03/21/18	OCBC	Comfortdelgro	2.02	2.25	Buy
03/22/18	phillip	Comfortdelgro	2	2.5	Buy
03/26/18	DBS Vickers	Comfortdelgro	1.99	2.12	Hold
03/27/18	CIMB	Comfortdelgro	2.04	2.16	Hold	DCF
03/29/18	UOB Kay Hian	Comfortdelgro	2	2.25	Buy	PER16.6x
04/06/18	OCBC	Comfortdelgro	2.07	2.25	Buy
05/02/18	Amfrasers	Comfortdelgro	2.25	2.72	Buy	PER19x FY18

Cogent - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
02/28/17	phillip	Cogent	0.79	1.08	Buy	DCF, PER17x FY17
05/02/17	phillip	Cogent	0.81	1.08	Buy	DCF, PER17x FY17
05/15/17	phillip	Cogent	0.79	1.18	Buy	DCF, PER18.6x FY17
08/14/17	phillip	Cogent	0.805	1.12	Buy	DCF, PER16.5x FY17
09/14/17	phillip	Cogent	0.815	1.12	Buy	DCF, PER16.5x FY17
11/06/17	phillip	Cogent	0.99	1.12	Reject Offer	DCF, Offer $1.02
12/08/17	CIMB	Cogent	1.01	1.02	Accept Offer	Offer $1.02

Stock calls for 7 May 2018

Date	Analyst	Company	Last	Target	Call	Valuation
05/07/18	phillip	Chip Eng Seng	0.93	1.21	Buy	RNAV (40% discount)
05/07/18	UOB Kay Hian	First Resources	1.69	1.6	Hold	PER13x FY18, Buy @ $1.40
05/07/18	DMG & Partners	Japan Foods	0.505	0.63	Buy	PER20x FY19
05/07/18	CIMB	Lippo-Malls Indo	0.32	0.33	Reduce	DDM
05/07/18	Phillip	Nam Lee	0.37	0.56	Buy	DCF, PER11.9x FY18, PB0.97x FY18
05/07/18	DBS Vickers	Sembcorp Industries	3.04	4.4	Buy	Sum of parts (10% discount), PB1.1x
05/07/18	UOB Kay Hian	SIA	11.03	11.9	Buy	PB0.9x FY18
05/07/18	DBS Vickers	Singtel	3.5	3.85	Buy	Sum of parts
05/07/18	CIMB	Starhub	2.29	2.4	Hold	DCF
05/07/18	DBS Vickers	Starhub	2.29	2.05	Fully Valued	DCF

Another brutal rape in India!

https://sg.news.yahoo.com/india-police-arrest-main-suspect-teen-raped-burned-084357158.html

This time, a 16 years old girl was raped and burnt in India by at least 15 men.

What more can we say about Indian men?

http://sg-stock.blogspot.sg/2018/05/2-teenagers-got-raped-in-india.html

Baltic dry index - 1384

Today, Friday, May 04 2018, the Baltic Dry Index climbed by 8 points, reaching 1384 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 - 1032

HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. increased by 11 this week to 1,032.

At this time a year ago there were 877 active rigs.

Houston oilfield services company Baker Hughes reported Friday that 834 rigs drilled for oil this week and 196 for gas. Two were listed as miscellaneous.

Among major oil- and gas-producing states, New Mexico added six rigs and Oklahoma and Texas each gained two. Alaska, Louisiana and North Dakota added one apiece.

Colorado declined by one.

Arkansas, California, 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 of 2016 at 404.

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Related stocks: Keppel Corp, Sembcorp Marine & Cosco

Midas is in bankruptcy now!

https://www.businesstimes.com.sg/companies-markets/midas-board-says-company-cannot-operate-as-going-concern-auditors-turn-their-back

The management has declared it officially that the company is no longer able to operate anymore.

We did state that in our previous posting.

http://sg-stock.blogspot.sg/2018/05/midas-is-facing-bankruptcy-now.html

A Swiss-based study exonerates China.

https://sg.finance.yahoo.com/news/impact-chinese-overcapacity-global-trade-exaggerated-study-finds-113433657--finance.html

The USA and its allies have been embarking on a smearing campaign to discredit China but a Swiss-based study has just exonerated China.

The western countries have been trying to portray China as a military and economic threat when the culprits are the western countries.

They attacked Iraq with fabricated intelligence and they also staged chemical attacks in Syria.