Looks like it is getting serious again....
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Originally posted by AndrewPKYap:
Yes buy in Jan, sell in June for a profit of 20% You have something against making profits?
How to believe that you let go before June 2007? Talk cock sing song, everyone can do.
"In investing, the rear view is always clearer than the windscreen."
"If past history was all there was to investing, the richest people would be librarians." Warren Buffett
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Originally posted by Evangel:
"In investing, the rear view is always clearer than the windscreen."
"If past history was all there was to investing, the richest people would be librarians." Warren Buffett
What rear view mirror are you talking about? Some things that you do, some things that happens now have consequences in the future. Don't you know even that?
Some things that the despots are doing now will have serious consequences in the future but they are too greedy and dishonorable and will do it as long as it profits them, their relatives and their cronies.
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If 110 is the lowest that crude can go, expect even worse things to come. Despots and their policies to benefit themsleves and their relative and cronies will make as-snifing silliporeans pay big this time.
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Originally posted by AndrewPKYap:
UBS below 20
Despots
Again,Andrew,
Do u know Temasek is currently a creditor,who collect
fixed interest,of UBS and Citi,
but not share holder?So,the rise and drop in share price DO NOT
affect your pockets.
Temasek have few years to observe,collect more intelligences and decide
what are the next move.
PAP is not perfect,nor they are so stupid before they jump.
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1. Profiteer/take money from Singaporeans and lose billions supporting foreigners.
2. Money in the despot's hand means less for the private sector and is it any wonder that there are no Sonys and Samsungs in this despot run country?
3. At a time when prices have fallen so low they are earning interests instead of taking advantage of the situation and investing in world class companies?
4. UBS???!!! Bought around 700 and now beloiw 400???!!!
5. Shin Corp? Global crossing?
Do you think Temasek dares to open their books, or will they continue to be despicable dishonorable people? Scam artistes and fraudsters are always afraid that people know the truth, and are they fraudsters and scam artistes?
Open your books, Temasek Holdings
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Despots
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Originally posted by lionnoisy:
Again,Andrew,
Do u know Temasek is currently a creditor,who collect
fixed interest,of UBS and Citi,
but not share holder?So,the rise and drop in share price DO NOT
affect your pockets.
Temasek have few years to observe,collect more intelligences and decide
what are the next move.
PAP is not perfect,nor they are so stupid before they jump.
I think you have misunderstood the concept of Bonds and Shares... what Temasek bought is preferred share (not bonds).. it has not other advantages/ guarantee compared to common shares except that it earns higher interests.
The price of the stocks does affect Temasek if they decide to sells their holdings. In fact, even in bonds, it does.
In investment, you always compare the profit against what you could have get in return for investing the money in risk-free bonds. Temasek would have made more money investing it elsewhere or even buying it at a later date (given that everyone except Temasek seems to know that the market has more depth to go)
Bottom line is.. Temasek is losing money.
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DESPOTS!!!!
Merrill facing auction rate suit
By Joanna Chung in New York
Published: August 16 2008 03:00 | Last updated: August 16 2008 03:00
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Andrew Cuomo, New York's attorney-general, said yesterday he would take imminent legal action against Merrill Lynch, calling the bank's proposal to buy back auction rate securities from investors "woefully inadequate".
The threat came as Wachovia became the fifth bank in two weeks to give in to pressure from regulators who have accused banks of misrepresenting ARS as liquid, cash-like instruments.
In its settlement, Wachovia said it would buy back nearly $9bn in ARS and pay a $50m fine, and agreed to other terms.
Merrill has made a voluntary offer to buy back ARS, saying it expected its retail clients to hold about $10bn when it begins the buy-back in January. But Mr Cuomo's office has concluded that the plan does not go nearly far enough as it does not have the same terms of settlements that have been reached with other banks.
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...this just after they pumped in another 900million on top of the billions. Exactly what happens when you have despots putting their relatives and cronies in charge of public funds... and then say idiotic things about money politics and comparing himself with people like Robert Mugabe. He might as well tell us that he is not much but still better than the leader of a pack of dogs.
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Originally posted by anonymous_dickhead:
I think you have misunderstood the concept of Bonds and Shares... what Temasek bought is preferred share (not bonds).. it has not other advantages/ guarantee compared to common shares except that it earns higher interests.
The price of the stocks does affect Temasek if they decide to sells their holdings. In fact, even in bonds, it does.
In investment, you always compare the profit against what you could have get in return for investing the money in risk-free bonds. Temasek would have made more money investing it elsewhere or even buying it at a later date (given that everyone except Temasek seems to know that the market has more depth to go)
Bottom line is.. Temasek is losing money.
Given the way the global economy is heading one way or the other Temasek/GIC will have to adjust in terms of asset valuation and investment in Real term.
So the notion of losing money in norminal valuation reflects to the current size of the economy is probably a healthy sign. It may not have desirable result but it reflect the reality. So u know how bad the economy is going to be.
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BARC.L 342.75 -3.75 -1.08% MER 24.74 -1.55 -5.90% DESPOTS!!!!!! Protecting wife, daughter in law, cronies in the face of such massive losses. Didin't they visit the hopsital and see for themselve their own dishonorable end of a slow death with no controls of their bowels, their urine and sh!t?
Keep quiet when they jail more bloggers, jail more martyrs, grab more public money and exile more highly qualified Singaporeans and see if silliporeans suffer even more or not.
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They lose billions supporting foreign banks and silliporeans will suffer from the depotic acts when the world economy becomes worse.
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Originally posted by AndrewPKYap:
...this just after they pumped in another 900million on top of the billions. Exactly what happens when you have despots putting their relatives and cronies in charge of public funds... and then say idiotic things about money politics and comparing himself with people like Robert Mugabe. He might as well tell us that he is not much but still better than the leader of a pack of dogs.
Temasek Holdings turns in record profits of S$18b last year
By Timothy Ouyang, Channel NewsAsia | Posted: 26 August 2008 1308 hrs
SINGAPORE: Temasek Holdings posted record profits of S$18 billion in 2007, double that of the year before.
The company's S$10-billion net investments outside of Asia last year exceeded the S$5-billion invested in Asia for the first time in Temasek's history.
Temasek's portfolio grew to S$185 billion - an increase of 13 per cent from S$164 billion previously. This includes a S$10 billion injection by the Singapore government.
Its portfolio exposure to Singapore also fell for the first time from S$62 billion to S$60 billion partly due to the sale of Tuas Power.
Singapore continued to account for a smaller part of its growing portfolio - 33 per cent last year, as compared to 38 per cent in 2006 and 44 per cent in 2005.
Temasek said on Tuesday it believes financial services will perform well in the future. The sector is the largest segment of its portfolio, accounting for 40 per cent currently.
Total shareholder returns by market value in 2007 was seven per cent, on the back of lower marked-to-market gains due to market uncertainties.
Going forward, Temasek said the volatility in global financial markets will remain high and stay at elevated levels for the near future.
But the imbalances will create investment opportunities.
When asked about its high exposure to volatile markets, Temasek said it still sees strong fundamental value in the United States and Britain.
It added that it is not distracted by short term dislocations in the financial market and continues to be focused on being a long term investor.
It also sees investment opportunities in Latin America and Mexico, but declined comment as to whether it has plans to invest in Lehman Brothers.
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Originally posted by Rednano:
Temasek Holdings turns in record profits of S$18b last year
By Timothy Ouyang, Channel NewsAsia | Posted: 26 August 2008 1308 hrscareful.....! news from CNA! garmen mouthpiece...
maybe we are all bankrupt and no one knows 'cept PAP....
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Originally posted by Rednano:
Temasek Holdings turns in record profits of S$18b last year
By Timothy Ouyang, Channel NewsAsia | Posted: 26 August 2008 1308 hrs
SINGAPORE: Temasek Holdings posted record profits of S$18 billion in 2007, double that of the year before.
The company's S$10-billion net investments outside of Asia last year exceeded the S$5-billion invested in Asia for the first time in Temasek's history.
Temasek's portfolio grew to S$185 billion - an increase of 13 per cent from S$164 billion previously. This includes a S$10 billion injection by the Singapore government.
Its portfolio exposure to Singapore also fell for the first time from S$62 billion to S$60 billion partly due to the sale of Tuas Power.
Singapore continued to account for a smaller part of its growing portfolio - 33 per cent last year, as compared to 38 per cent in 2006 and 44 per cent in 2005.
Temasek said on Tuesday it believes financial services will perform well in the future. The sector is the largest segment of its portfolio, accounting for 40 per cent currently.
Total shareholder returns by market value in 2007 was seven per cent, on the back of lower marked-to-market gains due to market uncertainties.
Going forward, Temasek said the volatility in global financial markets will remain high and stay at elevated levels for the near future.
But the imbalances will create investment opportunities.
When asked about its high exposure to volatile markets, Temasek said it still sees strong fundamental value in the United States and Britain.
It added that it is not distracted by short term dislocations in the financial market and continues to be focused on being a long term investor.
It also sees investment opportunities in Latin America and Mexico, but declined comment as to whether it has plans to invest in Lehman Brothers.
wow, definitely looking like it is getting serious again....
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Originally posted by redDUST:
wow, definitely looking like it is getting serious again....
it sure is....from: http://sg.news.yahoo.com/afp/20080826/tap-singapore-invest-temasek-earnings-sw-06f3cb7.html
SINGAPORE, Aug 26, 2008 (AFP) - Singaporean sovereign wealth fund Temasek Holdings, which invested billions in investment bank Merrill Lynch, on Tuesday reported a record profit of 18.2 billion Singapore dollars (12.8 billion US).
But the state-linked investment firm in control of some of Asia's best-known companies warned that slowing global economic growth following the US financial crisis could limit future opportunities.
"The fallout of the credit crisis will continue to dampen the global economy over the next 24 months, with sharply escalated oil and food prices beginning to test inflation expectations," said company chairman S. Dhanabalan.
The record annual profit for the year to March covered a period during which Temasek invested 4.9 billion US dollars in Merrill Lynch.
That deal followed the financial crisis and global credit crunch sparked by the meltdown in the US subprime mortgage sector. Sovereign wealth funds like Temasek have stirred controversy after rescuing big banks hit by the crisis.
The funds, government-created investment vehicles, have emerged as a potent force in global markets, sparking concerns that their investment policies are too opaque and could threaten national security.
Temasek, which has claimed a record of transparency, said strong operating performance by its portfolio companies "and healthy realised gains from its direct investment activities" contributed to its record profit.
It said in a statement that its portfolio rose in value to 185 billion Singapore dollars (130 billion US), up 13 percent from 164 billion dollars the previous year.
But Dhanabalan said Temasek was worried about risks from an environment of high inflation and slowing growth, sometimes referred to as "stagflation."
"This presents huge socio-political as well as economic risks in the next three to five years. Opportunities may be limited in such a scenario," he said.
Temasek is the largest shareholder in Merrill, which announced in July that it was dumping billions of dollars of mortgage debt at a steep loss and raising 8.5 billion in new capital, including 3.4 billion from Temasek.
The Singaporean fund first invested in the US bank in December, with a requirement that if Merrill raised more capital within 12 months at a lower share price, Temasek would be compensated for the difference.
The proviso kicked in for the most recent Temasek investment into Merrill, with the fund putting that 2.5 billion compensation back into the US bank along with another 900 million dollars.
Temasek said for the first time net investments outside Asia were 10 billion Singapore dollars, exceeding net investments within Asia of five billion.
Its exposure to economies outside Asia increased from 22 percent of its portfolio to 26 percent, due to the Merrill Lynch stake and investments in Latin America and Russia, the company said.
For the financial year, Temasek reported total shareholder return of seven percent by market value. That compares with the 27 percent in the previous year.
Temasek controls Singapore Airlines, Neptune Orient Lines and Singapore Telecommunications as well as other major regional firms.
It is one of two Singapore government investment vehicles along with the Government of Singapore Investment Corporation.
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Does it in any way mitigate the billion dollars losses Sinagporeans suffered from the despots's support of foreigners?
Of course not. They are big time idiots.
Where did the profits come from?
Profiteering from Singaporeans and that is why there are relentless price increases. The price increases are to ensure Temasek investments in Singapore make profits!
Singaporeans suffer so that the despots can look good.Dishonorable despots, use power to make themselves look good instead if using the power to benefit Singaporeans.
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Originally posted by AndrewPKYap:
Does it in any way mitigate the billion dollars losses Sinagporeans suffered from the despots's support of foreigners?
Of course not. They are big time idiots.
Where did the profits come from?
Profiteering from Singaporeans and that is why there are relentless price increases. The price increases are to ensure Temasek investments in Singapore make profits!
Singaporeans suffer so that the despots can look good.Dishonorable despots, use power to make themselves look good instead if using the power to benefit Singaporeans.
Suggestion:
1. List all the crimes and misdeed of PAP, along with allegations of their crimes and misdeeds. Don't forget to mention that you think that they are despots.
2. Send a letter of it to all the major newspapers in ASEAN, and one copy to the PM.
3. ???????
4. Profit!
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Originally posted by skythewood:
Suggestion:
1. List all the crimes and misdeed of PAP, along with allegations of their crimes and misdeeds. Don't forget to mention that you think that they are despots.
2. Send a letter of it to all the major newspapers in ASEAN, and one copy to the PM.
3. ???????
4. Profit!
Dishonorable, despotic, support foreigners, bring in foreigners to lower Singaporean wages, bring in foreigners to squeeze with Singaporeans, use power for their own benefits, pesrsecute dissidents and opposition, pay themselves millions and then say wage increase is not the solution, control the press so there is no mass media to counter their propaganda, control the mass media to sell their propaganda...
wow... in a couple of minutes I have listed so many...
Why don't you just look throught the topics in Speaker's Corner →
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again, please read what i wrote. all of it, not just some of it.
good job in reading step one.
now read step 2.
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Originally posted by skythewood:
again, please read what i wrote. all of it, not just some of it.
good job in reading step one.
now read step 2.
Step 2, whatever for? As you can see from the Chen Shui-bian and Suharto saga, the dirt will only surface AFTER the despots step down.
In Singapore, they are already taking millions and tens of millions in the case of one family of public funds and compare to what TT Durai took, TT took peanuts.