Looks like its getting really serious....
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I have been eyeing a few SG properties for sometime now.. just waiting... patiently. As i always say.. patience and when the opportunity comes.. WHAM! They never know what hit em.
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whahahahahaha.....Originally posted by AndrewPKYap:Think, stock market and the property market down 70%.
Will you still be smiling? I would because I have been prepared for a long time...
u sold ur stocks too early rite? now tat u dunno where to park ur $$ and u're hoping everyday tat the stock market will crash so tat u can get in again...
this kind of story oso repeat itself many many times in cycle
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I can talk down the market? hahaha you think I am Alan Greenspan? Well here's news for you... I am not, don't think that this is Alan's nick....
I sold in July, when Temasek bought Barclays.... hahahaha Temasek is a good indicator.... sell when they buy...
Half-joking lah... it was also because of the sub-prime crisis... can you imagine? In July, the sub-prime cirsis already broke and yet they bought Barclays and while I was running for cover...
Don't believe I sold in July? see:
http://www.sgforums.com/?action=thread_display&thread_id=270654
Let me remind everyone that selling in July was a lucky break and not some sort of superior analysis... hindsight is always 20/20 -
Don't believe Temasek bought in July? Don't believe they can be that stupid?
Barclays-China Deal Signals Banking Shift
http://www.thestreet.com/markets/marketfeatures/10369550.html
By Daniel M. Harrison
Special to TheStreet.com
7/23/2007 2:51 PM EDT
Click here for more stories by Daniel M. Harrison
While the consensus in Europe is that Barclays (BCS - Cramer's Take - Stockpickr) will not end up owning ABN Amro (ABN - Cramer's Take - Stockpickr - Rating), a new deal offered by the British bank signals a change in the landscape of global banking.
In a move to compete with the 71 billion euro bid for the Dutch financial goliath by the Royal Bank of Scotland-led banking consortium Banco Santander and Fortis, Barclays on Sunday turned to China State Development Bank and Singapore's Temasek Holdings. The Asian institutions in turn agreed to provide up to 13.6 billion euros ($18.76 billion) to juice a new, 67.5 billion euro ($93.1 billion) counter-offer composed of 37% cash.
Most pertinently, however, was the disclosure that 3.6 billion euros -- nearly $5 billion -- of that investment in Barclays is "unconditional on outcome of proposed merger with ABN Amro."
In other words, whether or not the deal with ABN goes through, China State Development Bank will now purchase an additional 3.1% stake in Barclays, while Temasek's 1.4 billion euro infusion will give it a further shareholding of 2.1%.
Those sums give China State Development Bank -- which is owned and controlled by Beijing -- a 6.3% shareholding and Temasek a 2.2% shareholding in Britain's largest global investment house. Barclays is currently valued at 47.22 billion pounds, or $88 billion. -
Don't believe that Temasek can be that stupid to buy banks (when a nobody was running for cover) at the height of the subprime crisis?
The subprime mortgage financial crisis, which has yet to be resolved, is the sharp rise in foreclosures in the subprime mortgage market that began in the United States in 2006 and became a global financial crisis in July 2007.
http://en.wikipedia.org/wiki/2007_Subprime_mortgage_financial_crisis
Stop being a Silliporean and demand Transparency, Accountability, an end to nepotism ... and if you think that their are no more choices left but to support Dr Chee... then,
Speaker's Corner >
SDP appeals for financial support
Do not support Dr Chee because you want him in parliament, support Dr Chee Soon Juan's cause...
to demand Transparency, Accountability, an end to nepotism ... -
The deal was annouced in july, but would you know how long have Temasek and Barclay been discussing this the deal?Originally posted by AndrewPKYap:Don't believe Temasek bought in July? Don't believe they can be that stupid?
http://www.thestreet.com/markets/marketfeatures/10369550.html
Since you are so smart, can you tell us which companies will you be investing or acquiring if you are in Temasek position right now? -
can you read?Originally posted by Gazelle:The deal was annouced in july, but would you know how long have Temasek and Barclay been discussing this the deal?
Since you are so smart, can you tell us which companies will you be investing or acquiring if you are in Temasek position right now?The subprime mortgage financial crisis, which has yet to be resolved, is the sharp rise in foreclosures in the subprime mortgage market that began in the United States in 2006 and became a global financial crisis in July 2007.
http://en.wikipedia.org/wiki/2007_Subprime_mortgage_financial_crisis
It is because of hard core supporters of the despots like you that people have no choice but to support the desperate but peaceful methods of Dr Chee Soon Juan. It is people like you that has made Dr Chee a heroic martyr. -
Need more proof how grossly stupid Temasek is?
http://www.casinogamblingprevention.com-a.googlepages.com/barclays6mthschart.jpg -
Some studies show that amateurs are better than pros at picking good stocks.
One teenager picked a particular stock because he likes the taste of that brand of spices. The professional picked a stock by applying the knowledge he learned in school.
The teenager gained and the pro lost.
I played a virtual stock market game. With US$100K fantasy money, I picked 10 stocks at random to purchase. I made net gains so far.
Hoching should have played with virtual stock market game first.
She plonked so much real money and lost, haiz, very unlucky. -
Accountability, thats what we need and must demand.
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HONG KONG, Nov 12 - China Eastern Airlines shares tumbled as much as 22 percent on Monday as they caught up to the market's downturn following a week of suspended trade, after the company's board approved a stake sale to Singapore Airlines .
The next step is a vote for shareholder approval.
Merrill Lynch rated the stock a sell, saying in a research note dated Nov. 12 that the shares were overvalued on hopes of an unlikely bidding war.
Shares in the mainland carrier were at HK$6.36 at 0220 GMT, down more than 17 percent in resumed trade.
Temasek lose again? I think Hoching is a jinx. -
Don't know to laugh... or to cry (because it is Singaporeans money) but one chap told me... "laugh... if you think the money belongs to Singaporeans, you are delusional... "Originally posted by googoomuck:Temasek lose again? I think Hoching is a jinx.
Link/Source:
China Eastern shares tumble in resumed trade
HONG KONG, Nov 12 (Reuters) - China Eastern Airlines shares tumbled as much as 22 percent on Monday -
In 2005, Temasek took up at 30% stake in Vietnam's Pacific Airlines at a value of US$50.1 Million, after placing Pacific Airlines at a market value of US$167milion.
How did they come to this value when the company had no assets that it can call its own - with only two units Boeing 767 aircrafts that were leased - and suffering cumulative loss of US$13.7 million that is more then its capital of US$5 million ?
The initial stake holders of Pacific Airlines were the Vietnamese Government through Vietnam Airlines, and some private Vietnamese investors.
Since taking over the company in 2005, the Vietnamese Government has been consistently revaluing its Vietnam Dong currency downwards, to keep its export competitive vis-a-vis a declining US Dollar. This Vietnam Government policy of keeping its Vietnam currency at lower exchange rates has caused heavy losses to many companies operating within Vietnam.
Pacific Airlines seems to have gone under the radar screen, with not even a blip appearing in the annual report on the World Airline Financial Results for 2006.
What has happened to Temasek's investment in Vietnam's Pacific Airlines since 2005 ? -
Sometimes, you wonder if LHL's husband is really Ho Jinx or there are some hanky pankies going on... *sigh*
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huh?
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Have you considered what you would do if Singapore crashed?
Singapore
People have been warning and warning the despots not to be so well despotic and be more transparent and accountable.... but did they listen? Just because they had gotten away with it for so long does not mean that they will always get away with it....
INDEX VALUE CHANGE %CHANGE TIME STRAITS TIMES INDEX 3,454.98 -56.14 -1.60% 22:53
SINGAPORE ALL INDEX 967.07 -12.01 -1.23% 22:51
Remember, this stock market crash is not like all the previous stock market crashes... because this stock market crash is a symptom of far worse problems... and if they cannot solve the problem... nobody wants it to happen ... but if it does, its going to be a really hard knock this time...
forget them for a moment... what would YOU do? How would YOU react? are YOU prepared? -
If it's a "Crash"...how big is it going to be ? like the 98 one ?
or is it going to correct abit and stabilise rather than skyrocket ? -
Wait until it stares you in the face... it will be too little too late...
Just like, by the time time the despots are forced to abandon their non-transparent and despotic ways... it will be too little too late...
BTW it is because of their fawning running dogs that they can keep their opaque, unaccountability and they can continue in such dishonorable ways...
people keep on telling them not to be so despotic but their running dogs keep on fawning on them to encourage them to be dishonorable... -
So nobody know whether its going to be a crash or a correction lah..so every time the market comes down, its a sign of a crash lah..then just sell.. issit correct ? Like July start coming down going to crash then sell lah...break new high then start to come down so going to crash then sell lah..if got anything left to sell....so everytime coming down just say going to crash lah...
Its good to take measures to protect against a crash though...drop how much constitutes a crash ? -
Just hope that it doesn't crash... but even if you escape this time, you might not be so lucky the next time... because the despots pushed the property prices so sky high by acts of commission and omission (if it crashes this time... ) it will be much worse than if they had moderated the property price increase, or as I suggest more than one year ago, cause a gradual price decrease, to a more reasonable level....
Yet the propaganda machine, if there is a crash, will put the blame squarely on "international forces" and remove any blame away from themselves... and their running dogs will help spread the message that it is not their masters fault... -
...enabling them to continue in their despotic ways...
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Let's just hope the crash doesn't materialize but let's be prepared for the worst...