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Post by zuolun on Feb 5, 2014 12:09:04 GMT 7
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Post by zuolun on Feb 5, 2014 12:09:53 GMT 7
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Post by zuolun on Feb 5, 2014 12:18:38 GMT 7
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Post by zuolun on Feb 18, 2014 11:27:53 GMT 7
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Post by zuolun on Feb 26, 2014 16:17:06 GMT 7
Temasek playing with fire … againIn the investment world, one must either be very dumb or very smart to make moves such as the one reportedly being contemplated by the Singapore sovereign fund Temasek Holdings Pte in Thailand. Read more...
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Post by zuolun on Mar 14, 2014 11:12:47 GMT 7
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Post by zuolun on Mar 21, 2014 11:27:41 GMT 7
CRB index. Where commodities are heading? — 20 Mar 2014  Temasek has been making high stakes bet on commodities past few years, it bought Chesapeake at the peak (bad market timing), OLAM may not be the last purchase. One year after Temasek bought Olam in 2009 to shift focus to commodities; — June 1, 2009 The Singapore investment company, Temasek bought Chesapeake in 2010 — May 12, 2010 Chesapeake’s future is Bright — May 24, 2010 Chesapeake’s Outlook Dims Amid Board Reversal on CEO Loans — Apr 27, 2012 UBS's review on Olam — Nov 16, 2012 Citi Has A Monumental Call Declaring The End Of The Commodities Boom — Nov 19, 2012 Short Seller's Bet Sends Olam Shares Plunging — Nov 20, 2012 Why Buffett Disciple's Mohnish Pabrai is buying big into Chesapeake? — Nov 24, 2012 An End to the Commodity Boom — Dec 27, 2012 Temasek Boosts Olam Stake to 19%, Says Attractive Long Term — Dec 28, 2012 Downtrend prevails in food grains market — Dec 31, 2012 World Food Prices Fell Third Month in December on Grain Plunge — Jan 10, 2013 Olam trades above pre-Muddy Waters level — Mar 20, 2013 Wheat prices rebound, helped by EU, US crop fears — April 04, 2013
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Post by zuolun on Mar 21, 2014 15:30:22 GMT 7
Temasek Holdings & Bank Of America - One of the worst investments in this period! — 15 Mar 2012 Cannot rely on CPF money with profuse bleeding.  Singapore President Tony Tan lost nearly $42 billion dollars of Singapore’s soverign wealthJim Rogers, a former partner of George Soros in the famed Quantum Fund, said he felt “sad” for Singapore as it would be LOSING A LOT of MONEY.
Rogers continued,
“They’re making a BIG MISTAKE; these banks have many more problems still ahead. They should wait until these companies are really on the ropes a few years from now . . . and trading at $5 a share.”
 Source: Yours Truly Singapore
Rogers also expressed doubts about the capability of GIC’s fund managers, including Tony Tan,
“I know these people, and they have never given me the impression that they’re smarter than anyone else
…They HAVE GIGANTIC Amounts of MONEY, but they’ve Made a BAD JUDGEMENT in these cases.”
The news was naturally censored by the Singapore media,
but the Wall Street Journal reported that GIC suffered a loss around 59 billion Singapore dollars (US$41.6 billion) in 2008, making it one of the worst years for the sovereign wealth fund since it was established in 1981.
Now, Tony Tan is Singapore’s president.
 Josephine Teo: GIC, Temasek won’t take more risksGIC
In late 2007, GIC invested a massive 11 billion Swiss francs (then S$14 BILLION) – GIC’s largest investment ever – for a major stake in UBS.
According to Reuters, GIC’s investment in UBS was later converted to UBS shares at 47.7 Swiss francs, making GIC the largest shareholder of UBS at 6.6% of equity Based on Friday’s (7 Mar) closing price for UBS shares of 18.63 Swiss francs, ===> GIC has LOST some 61% or S$8.5 BILLION.
Are GIC and Temasek already taking a lot more risk than Josephine Teo has assured the House?Singapore's GIC Suffers $41.6 Billion LossSingapore, Abu Dhabi Face Losses on UBS, Citigroup (Update2) GIC may need A DECADE to Recoup $10 BILLION LOSS.
It took the GIC three days in 2007 to agree to prop up UBS, ailing from subprime losses.
Are PAP Ministers Man Enough?Now PM Lee says that ministers should be accountable, whatever the pay, but “Singaporeans must evaluate ministers fairly”, and “they cannot expect ministers to never make mistakes.” The key point is, if your ministers and your government didn’t make people’s lives better, you do not deserve the pay you asked for. If your ministers made serious mistakes, you should just fire them if they didn’t offer their resignation already.
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Post by zuolun on Mar 21, 2014 23:25:16 GMT 7
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Post by zuolun on Mar 25, 2014 13:06:19 GMT 7
Business is business (在商言商)...all business deals are sealed with an intention to make a profit, what matter most in the deal is that, who makes the most profit, not who're the big losers. Temasek's billion-dollar purchase of OLAM and Watson — Interesting comments from man in the street.  |
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Post by me200 on Mar 28, 2014 7:41:48 GMT 7
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Post by zuolun on Mar 28, 2014 12:33:15 GMT 7
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Post by zuolun on Apr 2, 2014 9:20:11 GMT 7
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Post by zuolun on Apr 24, 2014 16:15:36 GMT 7
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Post by zuolun on Apr 26, 2014 11:55:06 GMT 7
Though not ruled out entirely, is the possibility of nationalizing the company. Hard to imagine why that should be the case. We do not think it is in the interest of the government to “own” back the company, and subject itself to further abuse from disgruntled commenters whenever trains breakdown, or fare increase is necessitated. Yes, granted that Temasek owns 55% of the company, but this is not so Olam-like. Of course, many of us are left scratching our heads on that transaction.
This is so funny.
LOL
In the US: "Don't fight the Fed". In Singapore: "Don't fight Temasek and GLC stocks".  odie, SMRT's share price still has the last catalyst to impact the current strong downtrend and the best one is none other than nationalisation. In other words, when a listed-company makes good profit, the shareholders benefit but when a listed-company makes losses and/or gets into sticky problems, get the government to fix it, i.e. bail out the listed-company with tax payers' money, similar pattern like OLAM. |
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