9/18/2009
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.
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4 comments:
"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"; unquote.
If i may join You my friend; we still have reservoirs and HDB on top of power stations.
patriot
Here we go again. Temasek releases some gas. Singaporeans smell a rat. The experts will add their secret ingredients.
Everybody goes up the wheel and round and round we go. Who says life in little red dot is dull?
Since they've admitted to a "long term outlook" it follows that S'poreans are going to be the contributors to long term losses, unwise risk taking and political enslavement.
But don't worry -- every country is heading that way, including the home of the free and brave the US of A. The US Federal govt now owns AIG, General Motors, various banks and the plunder will continue. Budget forecasts conservatively estimate that the US will run deficits until at least 2019.
WHY DO THE PEOPLE FROM MALYA TRYING TO STEAL FOOD DISHES AND CLOTHING PRODUCTS FROM INDONESIA ..WHICH EVERYBODY KNOW COMES FROM INDONESIA. SATAY IS INDONESIAN ALL WAY HAS BEEN AND ALWAYS WILL BE INDONESIAN
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