Cut in interest rate will boost China stocks

 China cut its benchmark interest rate for the first time since April 2020. It did not help the stock market. The cut was expected and rather small. Article

I believe that the sentiment towards China stock will change in the days ahead and China stocks will be stronger.

Here are my reasons:

https://fisca.sg/ArticleDisplay.aspx?ID=1135&Name=Cut-in-interest-rate-will-boost-China-stocks&View=A

Latest development on Peng Shuai

 My common sense view about the latest development on Peng Shuai

https://tklcloud.com/Feedback/feedback2.aspx?id=5128

WOTC - Summit for democracy

 Wisdom of the Crowd: 83% of the respondents said that America is not qualified to hold the Summit for Democracy as their democratic system has many failings.

https://tklcloud.com/Crowd2/chart3.aspx?id=2483

Discussion between President Xi and President Putin - relating to financial transaction

 I expect that the digital yuan (e-CNY) will be used for international transactions and as a reserve currency soon.

This will be an alternative to the USD/SWIFT.

In the recent meeting between President Xi Jinping of China and President Putin of Russia, this was one important topic.

Here is an opinion from an observer printed in the Asia Times.

https://tklcloud.com/Feedback/feedback2.aspx?id=5123

WOTC - Diplomatic boycott of Olympics

 Wisdom of the Crowd: 92% of the respondents said that a country should not make a diplomatic boycott of the Olympics held in another country.

https://tklcloud.com/Crowd2/chart3.aspx?id=2482

An alternative approach to the CDC voucher

 I find the CDC Voucher scheme to be troublesome and impractical. I may be wrong.

Here is how I would implement the scheme. Vote - do you agree with me?

http://tklcloud.com/Feedback/feedback2.aspx?id=5120

WOTC - Guns for self protection

 Wisdom of the Crowd: 93% of the respondents said that citizens should not be allowed to carry guns for self protection.

https://tklcloud.com/Crowd2/chart3.aspx?id=2481

a simpler process to handle minor offenses

 I suggest that the government should create a simpler process to handle minor offenses.

Do you agree with this suggestion?

https://tklcloud.com/Feedback/feedback2.aspx?id=5116

Wisdom of the Crowd - New Issues

1. Which is a better measure of the democracy in a country?
2. Which country is more democratic?
3. Should Singapore employ more magistrates to deal with minor offenses?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Democracy in China

 Wisdom of the Crowd: 74% of the respondents said that China is being governed democratically, although their system is different from the west..

https://tklcloud.com/Crowd2/chart3.aspx?id=2480

An inefficient process to handle a dispute

 There is something seriously wrong with the administration of justice in Singapore. I hope that the law minister will wake up and fix this problem.

https://tklcloud.com/Feedback/feedback2.aspx?id=5112

How will China react to constant provocation by America?

America continue to provoke China by taking childish actions, such as inviting Taiwan to the Summit for Democracy and for the diplomatic boycott of the Beijing Winter Olympics.

China has promised strong retaliatory actions.

I make the following guess on the actions that China will take after the conclusion of the Olympics on 20 February 2022:

https://tklcloud.com/Feedback/feedback2.aspx?id=5111

Shhh. My crystal ball NCB agree with my prediction.

WOTC - RK story

 Wisdom of the Crowd: 78% of the respondents said that Raeesah Khan did not accompany the sexual assault victim to the police. She made up the story.

https://tklcloud.com/Crowd2/chart3.aspx?id=2479

China is not perfect, but it is quite good

 The China government is not perfect. It is possible to find out many areas of abuse, including human rights, or bad decisions at various levels of government, including the national government.

This applies to all governments, including the western countries.

We must not forget that China has the largest population in the world. If one looks for negative examples of bad government, one can find many.

On the whole, the China system of governance is probably the best in the world.

https://tklcloud.com/Feedback/feedback2.aspx?id=5108

Update on Top Glove (BVA.SI)

 I hold 60,000 shares of Top Glove and now see a large loss of $14,500.

I had expected the 1Q 2021 result (ended 30 Nov 2021) to be better than the previous quarter. I thought that their revenue should do well, as the ban from the US had been lifted.

But that did not occur. The revenue and earnings dropped. The suffered a large loss due to the purchase of own shares. It was probably written off during the quarter.

So, the stock price dropped to a 6 month low.

Never mind.

I think that the next quarter should be better. It probably takes a few months for the revenue and profit to improve.

On the other hand, the board had said that the demand will continue to be weak. That was negative

However, with omicron causing more cases around the world, the demand for gloves may improve.

On balance, I decided to buy another 20,000 shares.

Good luck to me.

https://fisca.sg/ArticleDisplay.aspx?ID=1134

Appoint more magistrates to hear simple cases

 Someone said.

I have a road bully case pending which was a year ago , I'm very disappointed about how the Police handling the case. It was certainly a crime and a very simple case. I made a report with video attached. The accused admitted he snapped my HP and damage it. Until no, no action was taken. I made several call to the investigating officer but he told me still under investigation.This is the efficiency of Police Force.

This is my perspective. I may be wrong.

https://tklcloud.com/Feedback/feedback2.aspx?id=5107

Tip of the iceberg

The current PAP administration gives the phrase "tip of the iceberg" prominence.

The public only knows (most of time) when it happened to be "leaked" or "forced" to be revealed due to policies.

How much was and is lost due to poor prudence on purchases or on giving the approval on projects which turned out to be 'white elephants'?

Frightening revelation by the likes of Attorney General and various departments. More than a billion dollars had been pumped into our People Association and etc.

Singapore had been ranked the most expensive city in Asia (ahead of Hong Kong / New York) this year. Has the people (grassroots) lives improved?

In the mist of Covid pandemic / economic downturn, our authorities allow increase in property tax (even HDB - 85 plus % of the population lives in HDB), electricity and soon the "test balloon" GST would be implemented.

Almost religiously, we only hear of bad investment from our TH and sovereign funds from foreign newspapers. Yet the public is never shown the "books".

Why we are not allowed to know the remuneration of our TH senior management but it is OK to reveal Chiam ST GCE O or A levels results to the public?

Singaporeans needed to reminded our authorities we are made of flesh and bones, and not a consumables that can be discarded when become useless or non contributory anymore.

TKL reply.

I agree with the above comments (KS - this is an opinion only, OK?)

 https://tklcloud.com/Feedback/feedback2.aspx?id=5106

WOTC - By election in Sengkang

 Wisdom of the Crowd: 86% of the respondents said that the Worker's Party will win Sengkang GRC, if a by-election is called.

https://tklcloud.com/Crowd2/chart3.aspx?id=2478

Autonomous bus trials - updates needed

I told my friend about the autonomous bus and taxi systems that are now operating in several cities.

She told me that Singapore is also operating autonomous system in Jurong, Nanyang Technological University and One North.

I asked her if they are operating. She was not sure. She asked me to check the latest news in Google.

Here are the links to the latest news:

http://tklcloud.com/Feedback/feedback2.aspx?id=5099

Wisdom of the Crowd - New Issues

1. Do you like super apps that have many functions?
2. Do you like the vouchers given in online platforms?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Vaccination should be voluntary

 Wisdom of the Crowd: 76% of the respondents said that covid vaccination should be voluntary.

https://tklcloud.com/Crowd2/chart3.aspx?id=2476

WOTC - WP leaders handling of RK matter

 Wisdom of the Crowd: 64% of the respondents said that the Worker Party leaders have handled the Raeesah Khan's matter correctly.

https://tklcloud.com/Crowd2/chart3.aspx?id=2475

China's digital currency will be a reserve currency

 I expect the digital yuan (or e-CNY) will be actively used for international transactions and as a reserve country after the 2002 Beijing Winter Olympics.

My reason is set out in this article. Please read it and give your opinion. Do you agree with my view?

https://tklcloud.com/Feedback/feedback2.aspx?id=5095

Telling a "lie" to avoid disclosing identities of other people

 Earlier, I shared this anecdote of a disastrous covid testing protocol.

Suppose the minister for health gets angry with me for sharing this anecdote.

Suppose he uses his POFMA or other ministerial power to demand that I disclose the name of my friend and the two dance instructors.

Suppose I do not wish to put these three people in the limelight and get them into trouble (for reasons that are peculiar to them).

What do I do? How do I get away from the pressure put by the minister.

I may say that I "lied" about this case. The case did not happen. I made up the story.

Hehehe.

What happens next?

https://tklcloud.com/Feedback/feedback2.aspx?id=5094

Anecdote of a disastrous covid testing protocol

 I share this anecdote of a disastrous covid testing protocol.

Although this is an anecdote affecting one couple, it is likely to reflect the experience of many people.

Do you agree?

https://tklcloud.com/Feedback/feedback2.aspx?id=5093

Collective sale of condominium - steps to a successful sale

 In this article, I explain the steps that the owners have to go through to get a successful collective sale.

Most of the collective sales attempt fail in one of these steps. Only a small proportion of the sites are completed successfully.

https://fisca.sg/ArticleDisplay.aspx?ID=1133&Name=Collective-sale-of-condominium---steps-to-a-successful-sale&View=A

Test positive rate - trend in recent weeks

 I computed the test positive rate for the past few months.

It increased from 1% in early September to 15% by end October. It probably remained at this level for the subsequent weeks, but the number of tests were not available.

It is strange that the test positive rate would escalate sharply to 15%.

However, this is calculated on cases, of which over 90% are mild or asymptomatic.

https://tklcloud.com/Feedback/feedback2.aspx?id=5092

Handling a feedback

I suggest the following steps for a government agency to handle the feedback from the public.

https://tklcloud.com/Feedback/feedback2.aspx?id=5088

WOTC - By-election in Sengkang 2

 Wisdom of the Crowd: 85% of the respondents expect the Workers' Party to win Sengkang GRC again, if a by-election is called.

https://tklcloud.com/Crowd2/chart3.aspx?id=2474

WOTC - By election in Sengkang GRC

 Wisdom of the Crowd: 86% of the respondents said that the WP MPs should not trigger a by-election in Sengkang GRC.

https://tklcloud.com/Crowd2/chart3.aspx?id=2473

Test positive rate for covid

 There is a sharp drop in cases from 3,500 a day a few weeks ago, to the current level of 800 a day.

However, this could be due to a drop in the number of tests carried out.

If there are less tests, there were be less reported cases.

I hope that MOH will publish the figures of the test positive rate.

I have some findings here.

https://tklcloud.com/Feedback/feedback2.aspx?id=5084

Wisdom of the Crowd - New Issues

1. Should citizens be allowed to carry guns for self protection?
2. Should a country use diplomatic boycott for Olympic games held in another country?
3. Is America qualified to hold the Summit for Democracy?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Stock market forecast for December 2021

 Many people expected December to be a bad month. The catalysts were omicron (and the economic lockdown) and the high inflation rate in America.

The stock market was weak last week.

The stock investors are now relieved that omicron may be mild and the lockdown restrictions will be reversed.

The US stock market rebounded last night. Many of the growth stocks that I invested recovered 5% to 10%.

I expect December to be a good month, as was the case in past years.

There is still the concern over high inflation rates, but I guess that this will cause the stock market to fall early next year, and not in December.

https://fisca.sg/ArticleDisplay.aspx?ID=1132&Name=Stock-market-forecast-for-December&View=A

https://fisca.sg/ArticleDisplay.aspx?ID=1132&Name=Stock-market-forecast-for-December&View=A

Top Glove results for 30 Nov 2021

 Top Glove will be releasing its results for the quarter ended 30 Nov 2021 soon.

I have decided to buy more shares at the current price of $0.79.

https://fisca.sg/ArticleDisplay.aspx?ID=1131&Name=Top-Glove---forecast-results-for-quarter-30-Nov-2021&View=A

I hope that the results will be better than expected, and the stock price will recover.

WOTC - Peng Shuai issue

 Wisdom of the Crowd: 67% of the respondents said that the Peng Shuai issue is a personal matter and should be dealt according to the law. It does not concern the China government.

https://tklcloud.com/Crowd2/chart3.aspx?id=2472

WOTC - Common prosperity in China

 Wisdom of the Crowd: 74% of the respondents said that China is likely to achieve its goal of common prosperity.

https://tklcloud.com/Crowd2/chart3.aspx?id=2471

Parliamentary Committee on Privileges - release on progress report

 The Office of the Clerk of Parliament reiterated on Monday that while the committee will present its final report to Parliament in due course, it will also keep Parliament informed of the progress of its investigations in a “timely manner when appropriate”.

https://www.todayonline.com/singapore/details-privileges-committee-hearings-raeesah-khan-matter-remain-fluid-parliament-clerks? I find the reason given to be nonsensical. There is no urgency to keep Parliament informed on the progress. Even if this is a genuine need, why should the progress report, which is incomplete and one sided, be released to the public? Surely it can be sent under confidential cover to the MPs?

https://tklcloud.com/Feedback/feedback2.aspx?id=5075

Wisdom of the Crowd - New Issues

1. If a by-election is held in Sengkang, which party will win?
2. Did Raeesah Khan accompanies the sexual assault victim to the police station?
3. Is China governed democratically?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Use ART tests for incoming travelers

 Wisdom of the Crowd: 57% of the respondents said that we should use ART tests, instead of PCR tests, for incoming travelers.

https://tklcloud.com/Crowd2/chart3.aspx?id=2470

How my view of China has changed

 In this article, I explain how my view about the People's Republic of China has changed during the past year and why I consider their governance to be the best in the world.

https://tklcloud.com/Feedback/feedback2.aspx?id=5071

China has the most democratic government in the world

 I consider the PRC government to be the most democratic in the world. Here are my reasons.

https://tklcloud.com/Feedback/feedback2.aspx?id=5069