Temasek ready to shop as rally reverses losses
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http://www.independent.ie/business/world/temasek-ready-to-invest-as-rally-reverses-losses-1890329.html
Independent.ie, 18 Sep 2009
Temasek ready to invest as rally reverses losses
Temasek, the parent of Singapore Technologies Telemedia (STT) which is poised to take over Eircom, recovered from most of its portfolio losses this year as markets rallied, giving it firepower for new deals.
Chief executive Ho Ching said any dip in markets could be a buying opportunity for the $122bn (€83bn) investment firm that is still open to buying financials and investing in emerging markets.
Temasek, which has telecoms investments across the globe, lost over an estimated $4bn on selling its stakes in Bank of America and Barclays, but said it had benefited from investing in rights issues for its portfolio firms such as Standard Chartered, since these investments more than doubled by the end of July.
"We are in a very good cash position," Ms Ho said at Temasek's annual review yesterday. "We think there are lots of opportunities in (China and India) over the long term."
The review showed Temasek's portfolio slumped S$55bn or around 30pc to S$130bn in the year to end-March. Its portfolio then rose 32pc to S$172bn by end-July, and its August performance was in line with market indexes, Ms Ho said.
The firm's value-at-risk was S$28bn at the end of March, meaning it had a 16pc probability it would lose that amount or more this financial year, down from a value-at-risk of S$40bn a year earlier, the review said.
"We believe the worst of the global meltdown risks are behind us," said Ms Ho. "While there are some green shoots of growth, some structural risks still remain for the medium term," she said.
Temasek is Singapore's second biggest sovereign wealth fund after the Government of Singapore Investment Corp.
Differences
Ms Ho, the wife of Singapore's prime minister, said Temasek's board would still search for her successor after chief executive-designate and former BHP Billiton chief Chip Goodyear unexpectedly resigned in July over strategic differences.
The investment company, whose sole shareholder is Singapore's Ministry of Finance, said net profit for the financial year fell two-thirds to S$6.2bn, as it was hit by losses on financial stocks and lower contributions from earnings by its portfolio firms, like DBS Group.
"Like investors everywhere they're just relieved that the market pulled back from the brink," said David Cohen of Action Economics in Singapore.
Eircom is preparing for its fifth change of ownership since its flotation to STT.
Eircom's parent company, Australian fund Eircom Holdings (ERC), has recommended shareholders accept the AU$225m (€133m) cash and shares offer made by STT.
The deal involves the transfer of the entire share issue of ERC to the new entity called Emerald Communications (Cayman) SPC (ECC) and values the firm at just over €132.5m.
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wow invest again!!!
Good.........
i thought someone say market not good
le
how come now talking about invest!!!
LoL
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Originally posted by noahnoah:
wow invest again!!!
Good.........
i thought someone say market not good
le
how come now talking about invest!!!
LoL
market good or bad, they still have lots of $$$$$$ to lose
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actually ho ching previous work experiences before she was appointed as CEO of Temasek Holdings was what eh?
she got experiences managing funds, trading or work in investment banks and houses meh, or hedge funds?
anyway she should learn from warren buffet as much as she could or Jim Rogers, who could teach her a thing or two on investments. she should pay heed to investing in commodities and avoid the US dollar.
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Buffet said its a good time to pick up stocks and businesses even during the downturn last year, because of bargains and low prices.
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Originally posted by Rooney9:
actually ho ching previous work experiences before she was appointed as CEO of Temasek Holdings was what eh?
she got experiences managing funds, trading or work in investment banks and houses meh, or hedge funds?
anyway she should learn from warren buffet as much as she could or Jim Rogers, who could teach her a thing or two on investments. she should pay heed to investing in commodities and avoid the US dollar.
She dun need experiences in those stuff one
Those elites under her will give her advice and etc
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Originally posted by Rooney9:
Buffet said its a good time to pick up stocks and businesses even during the downturn last year, because of bargains and low prices.
Yep
Invest when others are fearful
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Originally posted by noahnoah:
She dun need experiences in those stuff one
Those elites under her will give her advice and etc
those so called elites, who are they? they paled in comparison with buffet and jim rogers lol. I like jim roger style.
May I suggest these so called experts go talk to rogers, who will warn them against investing in US dollars and invest in commodities. rogers is also bullish on china. rogers also owned gold lol.
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Originally posted by Rooney9:
those so called elites, who are they? they paled in comparison with buffet and jim rogers lol.
Never mind about jim rogers and warren , as long as the great oppressor considers them as talents they are "talents" -
Originally posted by Rooney9:
those so called elites, who are they? they paled in comparison with buffet and jim rogers lol.
I cant share muchbut i can tell u pay
is around 6 figure a year
Thats all i can share
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Originally posted by noahnoah:
I cant share muchbut i can tell u pay
is around 6 figure a year
Thats all i can share
not forgetting the many bonuses they get each year, hahaha -
Originally posted by noahnoah:
I cant share muchbut i can tell u pay
is around 6 figure a year
Thats all i can share
these so called experts arent experts lar. their academic credentials are impressive, but their knowledge and foresight are not.
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Jim Rogers owned them all lar lol.
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I suggest ho ching go read as much as she could on buffet and jim rogers. she is a newbie in investments when compared to them.
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diversification is not advocated buffet and jim rogers. what they advocate is focus. rogers warned that the downside is that, if you are wrong, you could lose your fortune.
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Originally posted by Rooney9:
I suggest ho ching go read as much as she could on buffet and jim rogers. she is a newbie in investments when compared to them.
Investment also depend on luck oneSome joker no degree , also can earn
tons of money from investment
Can u believe that a wanton hawker auntie
know nuts about investments
earn 300k from a resale condo
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Originally posted by noahnoah:
Investment also depend on luck oneSome joker no degree , also can earn
tons of money from investment
Can u believe that a wanton hawker auntie
know nuts about investments
earn 300k from a resale condo
no, you need to do your homework and your knowledge must be spot on. if you are expert in your field, you are able to predict future trends and events happening, which is what Jim Rogers did. He is bullish on china, gold, commodities and is bearish on US and the US dollars.
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Jim Rogers is a guru, go listen to what he has to say about US currency.
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Originally posted by Rooney9:
Jim Rogers is a guru, go listen to what he has to say about US currency.
yo, guru earns their bucks from where?? do they need to hold responsibility for you?? who paid the gurus?? you? me? No!if Chinese govt paid him, if talk good about china, if Arab paid him, he talk good about Arab ya...dun let guru sell your soul hor. People like you goondo are easy prey for guru. So if next year, china economy bubbles and collapse,..how?? eat gutu mayam ar??
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Originally posted by Rooney9:
Jim Rogers is a guru, go listen to what he has to say about US currency.
U listen to this Jim Rogers?LoL
You called him a guruuu?
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ya, i rather listen to Jim Henson's Muppet and stay happy
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is tat investment capital from the sales of our power plants?
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They like to buy high and sell low.
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Originally posted by angel7030:
yo, guru earns their bucks from where?? do they need to hold responsibility for you?? who paid the gurus?? you? me? No!if Chinese govt paid him, if talk good about china, if Arab paid him, he talk good about Arab ya...dun let guru sell your soul hor. People like you goondo are easy prey for guru. So if next year, china economy bubbles and collapse,..how?? eat gutu mayam ar??
obviously you do not know who is even Jim Rogers for a start.
your comments really make you stupid, rather there is no such thing as stupid, only stupid people exists.
if he is wrong, he loses his money, fortune and reputation, as he said it himself. you need focus, not diversification as many academic advocated, and if you are wrong, you lose your fortune, as simple as it. I dun think you even understand that.
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Originally posted by charlize:
They like to buy high and sell low.
Temasek divestment of their stakes bought in 2007? citigroup and Merril Lynnch?