Temasek's Report card briefing
Loh Chee Kong's front page report(Today paper) on the Temasek briefing highlighted one pertinent point. Temasek's investment is for the long term, for the long long term, and it should be judged on the long long term. How I wish Temasek can park a few million with me for long term investment. The other point is Temasek's defence on not fully disclosing its financial position to avoid exposing itself to its competitors. So, how much of the numbers are real if there is this 'hidden element' in its report? Is the total sum disclosed as under Temasek's management, all $172b, the true amount or the full sum? How much is Temasek really managing since the truth cannot be disclosed? I also read Alvin Foo's report in the ST. It pointed that the worst drop in value in Temasek's holding was contributed by the 10 largest Singapore listed companies. This amount was $30b out of the $55b decline. This was huge compared to the $18b lost due to the top 10 foreign listed companies. My suggestion is for Temasek not to invest in local companies as the risk is so high. Sell off its local assets, like selling off the power stations and invest in foreign assets which are statistically safer and the loss would be smaller.