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two decade down the road or 20 more years...Ya, world lead comsumer state could lead into new renewal alternative resources, be it nuclear, wind, gas water or carbon, world state leader to worry over that.....Who know what can happen to us tomorro
teeth53 ( Date: 14-Nov-2008 20:54) Posted:
| Just sharing my tot, it can be a short term blessing for several years to come as less demand for good and services, less oil is use as global prolong into recession, starting with US, Japan year end German & EU next year, S.E.A, near zero growth, China 4-5% from 8-10% growth |
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http://money.cnn.com/2008/11/14/news/companies/citigroup_layoffs/index.htm?postversion=2008111415
Hong Kong in recession
Freddie: $25B loss, taps tax dollars
Fidelity adds 1,700 to job cuts
12:36pm: If General Motors declares bankruptcy, industry watchers say, the entire domestic auto industry could be badly hurt. more
teeth53 ( Date: 15-Nov-2008 09:31) Posted:
| CITI....http://money.cnn.com/2008/11/14/news/companies/citigroup_layoffs/index.htm?postversion=2008111415
The battered financial services giant will let go some 10,000 workers, with the cuts starting as early as this week, in such areas as the company's investment banking and wealth management divisions, The Wall Street Journal reported Friday.
Over the past four quarters, the New York City-based bank has trimmed its bloated payroll by 23,000. As of the end of the third quarter, Citigroup employed approximately 352,000 workers.
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CITI....http://money.cnn.com/2008/11/14/news/companies/citigroup_layoffs/index.htm?postversion=2008111415
The battered financial services giant will let go some 10,000 workers, with the cuts starting as early as this week, in such areas as the company's investment banking and wealth management divisions, The Wall Street Journal reported Friday.
Over the past four quarters, the New York City-based bank has trimmed its bloated payroll by 23,000. As of the end of the third quarter, Citigroup employed approximately 352,000 workers.
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below 10, better prepare not to hold this day buy /sell or hold, contra or cut lost, buy within mean (small) if stuck with it, either way still win....:))
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Just sharing my tot, it can be a short term blessing for several years to come as less demand for good and services, less oil is use as global prolong into recession, starting with US, Japan year end German & EU next year, S.E.A, near zero growth, China 4-5% from 8-10% growth
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It is beginning and not the end.....again sacrificing lambs for fat cows and for their MISTAKE, MIS-JUDGEMENT, so call long term, so call 1st class, so call must work together, so call must sacrifice, if not this will happen, that will happen....WHAT is this.???. fat cow can make many million and sleeping on d job, their RESUME is too super to be put into cold storage, there are also as old as those effect by retrenchment, they are also need to be on the same boat..fact of life, truth fact, it hurt and that can neber happen...fact of life, not is fair even down to d lowest source of life.
wb1931 ( Date: 24-Oct-2008 00:31) Posted:
| DBS's risk include high foreign holdings (which have been selling for the past few days now) as well as high regional exposure. Recent actions in India suggest that the bank is aware of the risks and is taking measures to reduce additional losses. It is not advisable to buy based on 3Q results as it is historical (without recessionary environment) and any rebound is at most technical, temporary and unsustainable. As Singapore market tends to track global market, it would be best to wait until signs of recovery earliest late 2009. While there will be premium to pay for the share, at least the downside risk is limited. |
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UOB and OCBC maybe....starting with NO BONUS this year and pay cut for those Biggies..err i have my tot say ...NO WAY memmm....ahh humm.....ouch :.: it hurt telling d truth
nickyng ( Date: 14-Nov-2008 09:27) Posted:
ohh...har? no awarea...anyway...i heard CITIBANK also started their staff retrenchment..even in SG i think...heard from one of my fren who has fren working there :P
knightbridge ( Date: 12-Nov-2008 18:12) Posted:
| Nicky i think so Citi-USA CEO is Vikram Pandit. Not Ang Moh.. |
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It is sacrificing our lamb to make those cows fat, even if whole board is step down, biggies will sit in SIA, Singtel, POSB or even in OCBC, SPH and or even bigger board, truth fact of life, it hurt some and neber hurt those....fact of life.
will DBS be sacrifice and intergate into POSB and or OCBC or both...?, and move dir on board to another board..boring tot and for all their so call vision of 1st class citizen and making those mistake after mistake, after mistake for selling all kind of Angmo products to our own....
He who made those decision must answer to the board and the board must asnwer for themself...tell U what...(no answer will be un-answer, angmo will say ans is long term, he'll take those sheet, not those above...Ya)
Answer is DBS must go on, move on to even become another biggies, if not the biggest, so renkon POSB will be sacrifice and sold or intergate and come the next wave of retrenching and DIR will move to another board.....::(( very sad sense of been a Singaporean
teeth53 ( Date: 14-Nov-2008 09:01) Posted:
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DBS biggies RETRENCHED started with managing director and senior (old) staffs.
How about retrenching themself (from above those managing director) after they retrenched those.....
and either POSB and or OCBC takeover DBS and send those biggies RESUME back into cold storage, starting from the highest board of DIR.....after all Sing oni need two big bank and not three
loushare ( Date: 23-Oct-2008 20:39) Posted:
| In 1997, was POSB pumped into DBS to cover their loss in Indonesia ? This time may be they have to sell off POSB to cover some losses. If their balance is worst than in 1997, 10 yrs down the road got no future. No thanks for their lousy service and over-aggressive investment. |
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DBS biggies RETRENCHED started with managing director and senior (old) staffs.
How about retrenching themself (from above those managing director) after they retrenched those.....
and either POSB and or OCBC takeover DBS and send those biggies RESUME back into cold storage, starting from the highest board of DIR.....after all Sing oni need two big bank and not three
loushare ( Date: 23-Oct-2008 20:39) Posted:
| In 1997, was POSB pumped into DBS to cover their loss in Indonesia ? This time may be they have to sell off POSB to cover some losses. If their balance is worst than in 1997, 10 yrs down the road got no future. No thanks for their lousy service and over-aggressive investment. |
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Below 55/- Our pump price has not even shed even 1/3 it px, now trading at about S$1.70cents after discount, room for further discount....Ya.
Prices have now shed about 60 percent since scaling historic highs above 147 dollars in July on mounting evidence of slowing global economic growth and energy demand.
http://sg.news.yahoo.com/afp/20081112/tts-commodities-energy-oil-price-c1b2fc3.html
On London's InterContinental Exchange (ICE), Brent North Sea crude for delivery in December plunged to 54.92 dollars per barrel -- a level last seen on January 30, 2007. Brent later stood at 55.94 dollar, down 3.14 dollars from Monday.
At the same time, on the New York Mercantile Exchange (NYMEX), light sweet crude for December tumbled to 58.32 dollars, the lowest level since March 21, 2007. The contract was later down 2.91 dollars at 59.50 dollars.
Crude oil prices on Tuesday extended earlier losses after Wall Street fell in opening trade, with investor sentiment unsettled by fears about a collapse of General Motors and more poor corporate news amid the credit crisis.
European stock markets also closed sharply lower on Tuesday as news of more corporate problems highlighted concerns about the spreading damage from the global credit crunch to the underlying world economy.
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Burnt ahh,..heng heng i did not(touch wood)..maybe can wait for awhile till end 2009, then see how cheap, so i can oso buy at affordable px...err..10ct just guessing oni hohh
AK_Francis ( Date: 13-Nov-2008 00:19) Posted:
Heng, Sands is not listed in SGX!!! If not, just like GentInt, millions of fingers
kena burnt. |
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How about S$1/- for a year work + big fat bonus based on performances and if companies international make a few S$Bil, they get their due, in this case this they should not get any bonuses at all, should those biggies get their pay cut for those lossing many Billion odf sing$$$ in investing into Lehman, UBS, Citi, ML and other, most recent one ABC childcare compnaies..What that...???. A child care Co can lost $00 million, my goodness me, those doing investment, so call very talented ppl's is definately sleeping on the job all the wat till conpanies is bankrupt and noly know it from news paper., no wonder ou AMK MP also like behave that, Ping and pong can liao
All the way sleeping on the job with million of S$ secured in pocket and let other carry sheet...
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By d way....err...do we need election..?, i think we r in ugent need of a few more off budget announcement to tailor and custom make to suit our economy and to apply in on anticipation of bad poor, rackless, ill time....alot more leh....and to help our neighbour, so our economy be micro manage, unlike a doctor who is train to chop and cut......
teeth53 ( Date: 12-Nov-2008 21:49) Posted:
signal more many goodies year..err....many more goodies mths to come B4 election, then after..don't know liao...Ya
Andrew ( Date: 12-Nov-2008 21:21) Posted:
THE Elections Department has started preparations for the next general election, which is due at the latest by Feb 2, 2012.
It has identified 28,000 civil servants to become election officials, and has begun sending letters out to them....................
http://news.asiaone.com/News/the%2BStraits%2BTimes/Story/A1Story20081112-99980.html
WOW, voting time again, not even the halfway mark yet. Let me guess......heeee :
A) A recession is imminent, Singaporean generally will vote for the ruling party. So poick analyst say that before.
B) The 2009 Budget is going to be a Super AngBao. So Super, all level of the population will be happy. Very happy......Free electricity, Free Broadband, Free Road Tax....ya.....wait long long...maybe something else....NSS Deluxe Edition ??
C) Probably, the first time since independence that we open the reserve flood gate. No vote no key to flood gate. You must give me a very very very very clear signal......no more 66.6% hor if not I forget where the keyss.
D) Will we get to vote after singing Stand Up for Singapore ?
Remember, halfway mark haven't even reach leh.......Last round have to rush from Airport to Polling Station....Lucky to reach at abt 7pm......And I voted for <CENSORED> |
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signal more many goodies year..err....many more goodies mths to come B4 election, then after..don't know liao...Ya
Andrew ( Date: 12-Nov-2008 21:21) Posted:
THE Elections Department has started preparations for the next general election, which is due at the latest by Feb 2, 2012.
It has identified 28,000 civil servants to become election officials, and has begun sending letters out to them....................
http://news.asiaone.com/News/the%2BStraits%2BTimes/Story/A1Story20081112-99980.html
WOW, voting time again, not even the halfway mark yet. Let me guess......heeee :
A) A recession is imminent, Singaporean generally will vote for the ruling party. So poick analyst say that before.
B) The 2009 Budget is going to be a Super AngBao. So Super, all level of the population will be happy. Very happy......Free electricity, Free Broadband, Free Road Tax....ya.....wait long long...maybe something else....NSS Deluxe Edition ??
C) Probably, the first time since independence that we open the reserve flood gate. No vote no key to flood gate. You must give me a very very very very clear signal......no more 66.6% hor if not I forget where the keyss.
D) Will we get to vote after singing Stand Up for Singapore ?
Remember, halfway mark haven't even reach leh.......Last round have to rush from Airport to Polling Station....Lucky to reach at abt 7pm......And I voted for <CENSORED> |
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Arab oil $$$ in trouble liao, WB help..no way, biggies is too proud, too big a trouble problem may be mis-handle, cannot have two tiger in one mountain or too many so call talented on top, one day might climb over their head...very ugly lohh...must wait loh....if can wait..it help liao.
we got a few 3rd gen biggies built up liao, not very powerful yet, b co's.....maybe 4th gen biggies can help at later stage....year 2020 onward
Andrew ( Date: 11-Nov-2008 23:23) Posted:
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SWF is traditionally lossy in nature. There are plenty of example from Malaysia to MiddleEast to China.
While the fund is made from blood and sweat, yes, our forebear toil and sweat to build up. It can be spent in weeks !!! When currency trader attack Thailand in 98, their foreign reserve is finished in 3 weeks....Indonesia 2 weeks !!! Korea too and Korea again ??
Probably garments are thinking that if fund is parked, it will become stale.....
knightbridge ( Date: 11-Nov-2008 22:06) Posted:
Investment is always full of pit holes, no one make perfect 10 out of 10. Just make sure u have 1 or 2 star winner out of the 10 will make overall good gain. If temasek can perform like WB, we will have free healthcare, free education and free water and electricity. Temasek should beg WB to come singapore and help us manage the fund when it comes to overseas investing. |
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AI YA...$$$ funded, all cannot use, cannot touch, cannot smell, cannot see, cannot..., for many generation to come, except only...those biggies. U and me know, think think Y Y, tell me Y Y
knightbridge ( Date: 12-Nov-2008 00:31) Posted:
What the objective of SWF fund in Singapore? To invest and made alot alot money to do what, so that figure look very good on a piece of paper that we have strong reserve.
Our forefather cannot use, we cannot use in time of crisis, our next generation cannot use as it is preserve for the next next generation. So when can we use the SWF. Good times cannot use SWF, bad times also cannot use SWF. So when is the right time to use SWF. We can never never use the SWF as we dun know when the next crisis will come. (So i really dun understand why must we keep SWF, when no one can ever use it)
Should have a condition in the event of a crisis, we can use a certain % of the SWF. When crisis over, we top-up with the increase % on the surplus we have.
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tot when converting, share must be at the lowest, as low as possible, then convert...there after share can be push up to over 30 buck ++
sgdividends ( Date: 11-Nov-2008 20:51) Posted:
Our barber told us today that he recently bought 16 shares of Citigroup. He just said he felt inspired to buy Citigroup after watching their advertisements and that he just hope that this bank will not fail or else that chio eurasian girl he has been bioing would be out of job. We just love this barber for his cute way of thinking. Anyway, we decided to check it out. Let's use the GIC and Abu Dhabi Investment Authority (ADIA)'s investment as the basis of analysis, and not ratios, balance sheet, tier one ratio and stuff.
 From Citigroups 2007 statements (Above)
 From GIC's press release (Above)
Comparison (Above)
From the comparison table above, both ADIA and GIC would have the option to convert the Citigroup ( Citibank) share to a common stock at the price of around $31.83 - $37.24 ( around 2010 - 2011) and $31.2 respectively, given the assumptions and assuming no adjustments.
Therefore from the above, an inference can be made that GIC or ADIA could be expecting Citigroup's share price to be roughly at $31-$37 by late 2010. The price of Citigroup share now is hovering around $11-$12. So, is this a good buy now since GIC and ADIA has already invested in it?
Well, having seen the saga of ABC Learning, it might be wise not to follow these entities blindly since who knows what their real motives are. "Transformers, more than meets the eye...doh da di da da...autobots..." Furthermore, ADIA and GIC made these investments in Jan 08 and Dec 07, where the full seriousness of the crisis was still not widely known. So do you think its a good buy? Sharing is caring!
Important: The objective of the articles in this blog is to set you thinking about the company before you invest your hard-earned money. Do not invest solely based on this article. Unlike House or Instituitional Analysts who have to maintain relations with corporations due to investment banking relations, generating commissions,e.t.c, SGDividends say things as it is, factually. Unlike Analyst who have to be "uptight" and "cheem", we make it simplified and cheapskate. -The Vigilante Investor, SGDividends Team
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Ask OUB former bank chief to come back and nurse back DBS health, only if those biggies on baord agree 1st GIC and temesack agree.....lohh.
nickyng ( Date: 12-Nov-2008 15:12) Posted:
agreed. Well do these refer to all our LOCAL banks as well ?? hee...i think CITIBANK compare to all our LOCAL bank are more "kind" :P
angmo bank run by angmo=Good ?
....local bank run by angmo=Bad ?
:D
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isit now in Mediacorp...?.
AK_Francis ( Date: 24-Oct-2008 16:51) Posted:
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Ha ha former CEO now say heng ah, left the place early.
Dun know those got involved FM will kena or not.
cathylmg ( Date: 24-Oct-2008 16:47) Posted:
| DBS is the most hit by Lehman the saga. So I would expect it's share price to plunge more then the other banks by percentage. |
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To save us, go get JP Morgan man we 1 2 be as chief, but I has my doubtl, here biggieesss on board is too proud to be dis-engage, always dreaming for a few more S$bil...by hang on to new way of doing business, like those Angmo, by the way any JP man coming...?.
teeth53 ( Date: 11-Nov-2008 21:36) Posted:
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Go ask JP morgan to teach them how to buy, how to invest...go JP maogan way.....Ya.
Gen't sand good target within our control, still can make it if ah kong got powerful money available, look like Capland is the....selling away a few warehouse (Reits) and there is one talented guy called for calling up...he is formerly OUB bank chief and also ST Eng...chief. But he is only just one...!! Nothing mush he cab do as compare to those biggiesssss on board.
elfinchilde ( Date: 11-Nov-2008 16:05) Posted:
agree with smartbear. it's the people's money they're playing with--OUR money. Same with GIC. notice how after they lost money in MS and all, they are just oh-so-quiet?
whatever happened to accountability? How much of their so-called profit is in fact income from our CPF and all--steady revenue--rather than investment profits?
A$400mil was invested in the ABC childcare centre in aussieland. Temasek bought at about $7.30. Before suspension, the shares were trading at 54c. how much of our money was lost? You go do the maths.
As for ML investment: let's face it: temasek was only lucky that BoA bought them out. GIC wasn't so lucky with its stake in MS.
And this is just it: why are we paying our scholars so much, that we "peg their salaries to the highest CEO pay package so as to be competitive"---yet CEOs can be fired, but scholars, never? Even CEOs have performance reviews. 1.9mil is the ministerial salary. up from previous years' 1.2mil. I say if we're paying them so much, then we have the full right as citizens to question if we're getting our money's worth. No more such thing as "we have made an honest mistake, let's close ranks and move on."
If market practice is to be competitive, then i say, we pay each of them exactly what he/she is worth. Fairly, based on their actual work and results. And not a one-salary-fits-all.
Long term investments should be by design, not default. |
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From Citigroups 2007 statements (Above)
From GIC's press release (Above)