Latest Forum Topics / Others | Post Reply |
GIC and Temasek
|
||||||||
teeth53
Supreme |
17-Jan-2009 08:29
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Counting more losses...yet those on Dir board n their gig chief earning million, safe n sound..ZZZZzzzzz n boosting somemore 1 2 invest... Temasick "Si Bei Heng" not to be sack..Sick of it, really sick of it, not even pledge to donate their earning to it poorest citizen.
teeth53 thot so...very SAD
http://sg.news.yahoo.com/afp/20081127/tts-us-finance-banking-takeover-merrill-972e412.html
AFP - Thursday, November 27WASHINGTON (AFP) - - The Federal Reserve on Wednesday gave formal approval to Bank of America's acquisition of Merrill Lynch, the Wall Street icon battered by the housing and credit crisis. The 50-billion-dollar stock acquisition had been announced in September at the same time rival Lehman Brothers collapsed and fears were rising over the survival of Merrill,
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
17-Jan-2009 08:13
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
CITI grp reported huge lost. GIC n Temasick can as well report it losses, teeth53 thot so http://www.channelnewsasia.com/stories/afp_world_business/view/402930/1/.html The New York banking group reported a hefty 8.29 billion dollar loss in the fourth quarter. The loss per share was 1.72 dollars, sharply higher than most analysts' predictions of a 1.19 dollar loss.
|
|||||||
Useful To Me Not Useful To Me | ||||||||
|
||||||||
AK_Francis
Supreme |
12-Jan-2009 22:47
Yells: "Happy go lucky, cheers." |
|||||||
x 0
x 0 Alert Admin |
Ha ha, do u think that possible with Chairmen, Mr Dee at DIC n Mdm Do at d other arm?
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
12-Jan-2009 21:27
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Will such item happen here...?. http://www.nytimes.com/2009/01/12/business/12citi.html?partner=rss&emc=rss Citi Is Urged to Replace Chairman Mon, 12 Jan 2009 11:52:59 GMT
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
12-Jan-2009 19:42
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
http://sg.news.yahoo.com/afp/20090112/tts-switzerland-finance-banking-ubs-c1b2fc3.html So what will be Singapore GIC/Temasick lost ?. UBS would record an overall loss in 2008 of 20 billion Swiss francs (18 billion dollars), in spite of showing a profit of 296 million francs in the third quarter, when it reports results on February 10. The German language Sonntag, which is generally well-informed, said that the bank had racked up eight billion francs (seven billion dollars) in losses in the final quarter of 2008, bringing the total for the year to 20 billion UBS admitted....UBS was heavily exposed to risky US subprime mortgage business and had to write down almost 47 billion dollars in share values. In recent months clients have taken fright and withdrawn a total of 83.6 billion francs. The Swiss government intervened in October with a rescue plan of 60 billion dollars. Since then the bank has been hit by the fraudulent Ponzi scheme of US fraudster Bernard Madoff and the failure of the US subsidiary of the Dutch group LyondellBasell and its share value has lost two thirds over the year. |
|||||||
Useful To Me Not Useful To Me | ||||||||
|
||||||||
teeth53
Supreme |
09-Jan-2009 21:19
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Temasick simply put it as paper lost of more then US$2 billion, still counting...yet to see more losses on others investment banks. Only for one reason...long term one. sick of hearing such reason. |
|||||||
Useful To Me Not Useful To Me | ||||||||
Hulumas
Supreme |
09-Jan-2009 21:12
Yells: "INVEST but not TRADE please!" |
|||||||
x 0
x 0 Alert Admin |
I should say "Ma HO Pao".
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
09-Jan-2009 20:50
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Temasick converts Merrill Lynch, converted its 13.7% into BoA Corp stock. (teeth53 thot: more losses yet to be announce) Analysis based on publicly available filings indicate that Temasick's investment declined by S$2.9 billion, holding 219.7 million share bot at an average of US$23/- to US$24/- a share, after conversion Temasick holds about 189 million shares, or 3.8%, of BoA. BoA shares closed at US$13.71ct on Wed on NY Stock Exchange...it stake value now at US$2.59 billion News fm REUTERS
|
|||||||
Useful To Me Not Useful To Me | ||||||||
|
||||||||
AK_Francis
Supreme |
26-Dec-2008 10:31
Yells: "Happy go lucky, cheers." |
|||||||
x 0
x 0 Alert Admin |
Ha ha, thats so-called d Reversed Engineering mah. | |||||||
Useful To Me Not Useful To Me | ||||||||
victorian2
Senior |
26-Dec-2008 09:58
|
|||||||
x 0
x 0 Alert Admin |
agree....don"t understand why can"t they wait for firesale prices. | |||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
25-Dec-2008 21:43
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Prologis. Saving a sinking ship from been sink.....and has to sink in Billion of Sing dollars...teeth53 just sharing my thot
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
25-Dec-2008 21:14
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Unlike Capitaland's. Tamasick, it's seen they are not going to let go theirs (board of Dir or their Chief)....sickness, really sick of seeing it draining their resouces ($$$) for one and only reason.....long term investment.
|
|||||||
Useful To Me Not Useful To Me | ||||||||
|
||||||||
teeth53
Supreme |
25-Dec-2008 21:00
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
teeth53 thot...Six months ago....and the credit crisis and it down turn warning has long been posted more then a year back.....hmmm, never learn there lesson is Prologis, so is GIC, is still very RICH to with stand this coming prolonger recession for over d next several years. Just wondering when will it get back those invested capital and losses of multi-billion of Sing dollars. Just six months ago ProLogis focused its attention on expansion in Asia. But the credit crisis and the downturn in the global economy transformed the company's rapid expansion into a burden under the weight of the debt used to support the activity. |
|||||||
Useful To Me Not Useful To Me | ||||||||
nickyng
Supreme |
24-Dec-2008 10:05
|
|||||||
x 0
x 0 Alert Admin |
hmm...this GIC on shopping spree again....wah looks like they never learn their lesson hor ? :P ProLogis to sell China operations and Japan stake to GIC Real Estate (GIC RE), the real estate
investment company of the Government of Singapore Investment
Corp !ProLogis PLD.N, one of the world's largest warehouse owners and developers, will sell its operations in China and its interest in its Japanese property funds for $1.3 billion to raise cash to pay down debt, the company said on Tuesday. ProLogis, whose shares jumped nearly 15 percent on the news, said it expects to record a net loss equal to 4 percent to 5 percent of the book value of the assets to be sold. The buyer is GIC Real Estate (GIC RE), the real estate investment company of the Government of Singapore Investment Corp, a sovereign wealth fund. GIC RE will assume the liabilities of the assets, ProLogis said. Denver-based ProLogis said the deal, expected to close in January, would reduce its development pipeline by $1 billion. That includes $255 million to complete development of projects in China. "In one substantial step, this transaction helps ProLogis de-lever its balance sheet, relieve near-term refinancing pressure and enhance liquidity," Walter Rakowich, ProLogis chief executive, said in a statement. At the end of the third quarter the pipeline stood at $8.2 billion. By the end of October, ProLogis, a real estate investment trust (REIT), trimmed that down to $7.5 billion by selling some of its buildings to its funds and canceling several development projects. "Even though it will incur a slight loss on these transactions relative to book value, we are encouraged that it will be able to reduce debt and enhance liquidity," Standard & Poor's REIT analyst Robert McMillan wrote in a note. Just six months ago ProLogis focused its attention on expansion in Asia. But the credit crisis and the downturn in the global economy transformed the company's rapid expansion into a burden under the weight of the debt used to support the activity. ProLogis typically develops warehouse and distribution centers and then created funds to buy them. ProLogis would retain about a 20 percent stake in the funds and receive fees for managing them. Last month, the company said it had $7.43 billion in balance sheet debt coming due in 2009 through 2012. Its funds had $8.38 billion maturing over the same period. Its troubles led to the resignation of Jeffrey Schwartz as CEO. He had led the Asia expansion before becoming the company's top executive. "Selling our China operations and our investment in the Japan funds was not an easy decision; however, this represents a major milestone in the implementation of the plan we outlined last month to strengthen the company's balance sheet in order to meet the challenges of the current environment," Rakowich said |
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
24-Dec-2008 07:07
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Get those sitting on board not fit to be sitting there must get out. Please get out and go home B4 it get worst
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
24-Dec-2008 07:02
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Capitaland's will have Mr Peter Seah, 62, as deputy chairman from Jan 2009. A former banker with OUB, also serve as President & CEO of ST till 2004, with his experience, he can help former Finance minister and with former Finance Minister. Mr Richard Hu as Capland chairman. He is seen as to be slot for taking over the chairmanship. Both chairman can be seen as greatman which can move Capitaland's far better then Temasick It is a lost to Temasick holding, unlike Temasick which is run by another group, the CEO is also from ST and it cannot help but lost alot in investment in Temasick to a tune of multi billion of Sing dollars. |
|||||||
Useful To Me Not Useful To Me | ||||||||
victorian2
Senior |
14-Dec-2008 20:08
|
|||||||
x 0
x 0 Alert Admin |
That's why we better have the likes of Tan Kin Lian as the next EP.
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
14-Dec-2008 09:13
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Saved by BoA...ya. (BoA to cut 35,000 staffs world wide ) got 'si bei heng' co's at least for long, long term liao, money won't be absotued down to zero value. Perhap in five to ten years, it may get back to par value plus, plus.... BoA is the biggest bank is US, correct me if i am wrong.
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
14-Dec-2008 09:08
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Typing errr.....is US$ 50 billion made off by single handling and trusted him, still a free man on US 10 million bond
|
|||||||
Useful To Me Not Useful To Me | ||||||||
teeth53
Supreme |
14-Dec-2008 09:04
Yells: "don't learn through life, learn to grow with life " |
|||||||
x 0
x 0 Alert Admin |
Bernard L. Madoff, 70, facing a single count of securities fraud, declined to speak with reporters after a federal magistrate judge in U.S. District Court in Manhattan ordered him released Thursday night on $10 million bail. (US5Bil) They trusted him with everythings. They trusted him with everythings...Ya (which mean it is very, very dangerous if one man were to made a misjudgement. We all DEAD) and will our own regulators ignore d RED flags ?. when Sharejunction posted early warning is abundance for years, since mid 2007. Will it happen here in Singapore, where the regulators have any moral authority to check on those loop hole pending those who rule or enable to make decision for cheating Here a lesson we all need to learn and it make me think of how our public funded money were to be invested oversea where early warning is abundance for years. |
|||||||
Useful To Me Not Useful To Me |