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Is it true GIC loss $6billion on UBS investment? Post Reply Rate topic
teeth53 Supreme	29-Apr-2008 08:22        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	CNA Newsasia (Business News on TV)...Golbal Economy...Focus: US is taking about it deep recession, it credit woes crises, it US $ lossing it value, high oil price US$119/- and now Asia stocks. It sound quite optimistic on future, moving forward.
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AK_Francis Supreme	27-Apr-2008 16:54        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	53, tks for all postings, they make my life much easier. Normally, those born in 1953 are very helpful one, he he.
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teeth53 Supreme	27-Apr-2008 10:20        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	All is not lost for us, as China has trilllion of $$$ to invest and some is likely to reach our shore and is taking their own sweet time to invest, be it here or world wide..understand or not..Humm. Sources from REUTERS SINGAPORE - A SINGAPORE state investment fund that bought multi-billion dollar stakes in beleaguered banks Citigroup and UBS said a global financial crisis and recession was increasingly likely but that its investments in western banks were long-term in nature. 'The financial contagion has now spread beyond US shores, increasing the likelihood of a global financial crisis and recession,' Government of Singapore Investment Corp deputy chairman Tony Tan told a staff meeting on Monday. 'We could be facing a recession which is longer, deeper and wider than any recession we have encountered in the last 30 years.' Personnel opinion oni: 30 years. I may hav gone liao, mean while enjoy making more $$$ while the sun is shining here...China has trilllion of $$$ to invest and some is likely to reach our shore on FTSC   teeth5 Posted: 25-Apr-2008 17:09        *  Quote this Post!   Closed at (higher)....Due to HK/China play.......due for a re-run, but 1st do home work 1st. (STI) FTSE ST China Index which boasts 50 China stocks listed in Singapore, is set to gain.........more point, err i mean more upside in dollar term.  Rate This Post:   Good Post   Bad Post   teeth53 Supreme Posted: 25-Apr-2008 16:49        *  Quote this Post! x 1 x 0 * Alert Admin Just sharing my tot....Hehehe. teeth53 Posted: 24-Apr-2008 20:51   BEJING CUTS STAMP DUTY ON SHARE TRANSACTIONS from 0.3 to 0.1% Overall, it will give China share a good lift, so is HK and it regional bourses. STI S-share listed in S'pore will be beginning a re-run quite like or following HK/BEJING. just like when S'pore lower it stamp fee, there is a run up as well. This will give a big boost to STI (China) listed counter. teeth5 Posted: 25-Apr-2008 17:09       Closed at (higher)....Due to HK/China play.......due for a re-run, but 1st do home work 1st. (STI) FTSE ST China Index which boasts 50 China stocks listed in Singapore, is set to gain.........more point, err i mean more upside in dollar term.  Rate This Post:   Good Post   Bad Post   teeth53 Posted: 25-Apr-2008 16:49        *  Quote this Post! Just sharing my tot....Hehehe. teeth53 Posted: 24-Apr-2008 20:51   BEJING CUTS STAMP DUTY ON SHARE TRANSACTIONS from 0.3 to 0.1% Overall, it will give China share a good lift, so is HK and it regional bourses. STI S-share listed in S'pore will be beginning a re-run quite like or following HK/BEJING. just like when S'pore lower it stamp fee, there is a run up as well. This will give a big boost to STI (China) listed counter.
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teeth53 Supreme	27-Apr-2008 10:03        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Just to serve as a reminder to those big boys earning multi million of dollars and here we are daily making end need to feed ever rising cost of living....some real serious thinking needed here. SundayTimes April 27,2008 Page 28 Think. Highlighted Termasek holding and GIC. Wise buy by GIC and Temasek..??? What do you make of Temasek and GIC invesments ? by graceng@sph.com.sg My very own personnel opinion only. It is true, they has lost short term....10% - 20 % lost in billion (term) mean a 10% - 20% more money to be fork out from our pocket. Can U see what a nomal down to earth fellow here see...I am very concern about how they go about investing our hard earn money. teeth53 Posted: 30-Mar-2008 22:12        *  Quote this Post!   Just for info sharing......Isit another round coming for Teamsek / GIC?, as i said is too early. teeth53 Posted: 20-Mar-2008 09:57       Read into China reserve, they got trillion and they are taking their sweet time...they are reading that they will be plenty to come.....this one to two years, so be ready for this volatile world. teeth53 Posted: 20-Mar-2008 09:51   what i think is what make them jump into is soooo fast....isit we are sooo rich, isit kiaso and why do we have all the opportunties to NEG now and later. it is very, very to get in and not easy to find another buyer to take over those 14B in case of UBS ( if i am wrong, pls high light me) thk GIC previously said it has not yet decided whether to participate in UBS's subsequent 15 billion franc rights issue. Dr Tan said that GIC had entered the market turmoil well prepared after it had taken a more conservative stance in its investment portfolio by selling stocks in the third quarter and holding more cash. GIC says global recession, crisis likely 'The financial contagion has now spread beyond US shores': Dr Tony Tan. -Reuters
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teeth53 Supreme	30-Mar-2008 22:22        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Maybe this will do to give them another reminder, in case all is all forgotten after pocketing a few millon of Sing $. teeth53 Supreme Posted: 19-Mar-2008 23:55        *  Quote this Post!   Not eunff, maybe show this one, chart will look better' Since posted on NOv 3, 2007.  Stock selloff deepens on credit market fears (source...money.cnn.com) Help!!!!!..Ahh  Merrill (green), Citigroup (aqua) and Bear Stearns (yellow) have all fallen about 30 percent in the last six months. Rate This Post:   Good Post   Bad Post   teeth53 Supreme Posted: 19-Mar-2008 23:49        *  Quote this Post! Just in case those BBs sitting in high office, earning a few million forgotten all about it. Just do not forget all this is still very much around............???  Tell me how not to ..shiverrrrrrr...ahh or seeing some shakeout here.
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teeth53 Supreme	30-Mar-2008 22:12        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Just for info sharing......Isit another round coming for Teamsek / GIC?, as i said is too early. teeth53 Supreme Posted: 20-Mar-2008 09:57        *  Quote this Post!   Read into China reserve, they got trillion and they are taking their sweet time...they are reading that they will be plenty to come.....this one to two years, so be ready for this volatile world. teeth53 Supreme Posted: 20-Mar-2008 09:51        *  Quote this Post! what i think is what make them jump into is soooo fast....isit we are sooo rich, isit kiaso and why do we have all the opportunties to NEG now and later. it is very, very to get in and not easy to find another buyer to take over those 14B in case of UBS ( if i am wrong, pls high light me) thk
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tanglinboy Elite	23-Mar-2008 19:09        tanglinboy About Contact  Quote this Post! Style: Combined   Mood: Yells: "hello!"
x 0   x 0  Alert Admin	They may claim otherwise, but I think there are other things at stake (eg. good political relations, national pride) other than just pure monetary gains.  shplayer      ( Date: 21-Mar-2008 10:08) Posted: Nothing wrong with their strategy of buying big names like Citibk, Merrill Lynch and UBS when they wre distressed.....in fact I think it presented a good opportunity to take a substantial stake. However, I think their timing stinks. They jumped in at the first sign of trouble when the whole investment community knew that the storm was just beginning to brew. I remember at about the time they (Temasek, GIC) made the announcements, CNBC asked Warran Buffet if he would invest in these distressed banks, he said not yet and there was more downside to come. Do you think they learnt their lesson........I doubt so. One can only learn from mistakes if you admit a mistake has been made. Have they recognised the error of their way?????? Well, another Honest Mistake added to the list..
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soloman Master	21-Mar-2008 11:02        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear James, 1) as mentioned, Mr Rogers can maximises all his profits, GIC/Temasek can buy into companies who at the moment approaches them at that point in time of need , not afterwards 2) Investment bankers can earn all the money they can, drive all the best cars they can, it dosen't bother me one bit, although I have heard what one needs is limited, what one desires is unlimited All the best to your investments, I mean it
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jackjames Elite	21-Mar-2008 10:38        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	my conclusion only 2 points: (1) US economic problems---> worst is not over yet.. quoted Jim Roger words, "THEY are going to lose money". (2) Singapore invesment bankers are earning top dollars still... driving sport car passing through Marina Bay, and staying at orchard.. :)
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soloman Master	21-Mar-2008 10:32        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sometimes it is about supporting good news in bad times. Remember, someone has to ask someone for the stake. You mean ML did not ask GIC ? Then who ask who first ? A small $5b buy can bring good news like what happens in ML case Not to get personal, I also have a close relative asked to leave by ML in Asian financial crisis
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jackjames Elite	21-Mar-2008 10:25        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	don't get fool by the subprime problem and finance sector laid off at the US... in singapore, the bankers are still earning huge and giving generous paid to head hunt people, because their asian business are still doing fantastic, my sis moved to ML this year, and drawing 10K per month salary, they don't need GIC/Temasek to rescue them, please.
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soloman Master	21-Mar-2008 10:20        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sometimes, it is also not about timing for GIC/Temasek to extract the most profits You have goodwill when you buy into them when they need you most, but of course your investment must be protected medium/long term When you buy into them when there is already no risk, there is not much goodwill
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soloman Master	21-Mar-2008 10:12        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	They bought into UBS, ML for reasons alos other than short term gains/loss These companies are also in Spore - not good if you do not support them, as they support our Spore working staff In buying into these companies, they are also buying into long term goodwill .i.e support for good and troubled companies in their bad times, just like when they support Spore in good times/bad times They also must show support for the USA despite sub prime loss - of couse contrary to Jim Rogers, but again shortist also say things to protect their own shorting activites. We must accept all different types of people/organisations As such, it is not so simple As long as medium term, they make money and have a chance to be part of these giants, it is good enough for them
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shplayer Elite	21-Mar-2008 10:08        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nothing wrong with their strategy of buying big names like Citibk, Merrill Lynch and UBS when they wre distressed.....in fact I think it presented a good opportunity to take a substantial stake. However, I think their timing stinks. They jumped in at the first sign of trouble when the whole investment community knew that the storm was just beginning to brew. I remember at about the time they (Temasek, GIC) made the announcements, CNBC asked Warran Buffet if he would invest in these distressed banks, he said not yet and there was more downside to come. Do you think they learnt their lesson........I doubt so. One can only learn from mistakes if you admit a mistake has been made. Have they recognised the error of their way?????? Well, another Honest Mistake added to the list..
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jackjames Elite	21-Mar-2008 07:52        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	they should learn some lesson from this.. maybe they should buy bear stearns at $3 ( $1 higher than JP Morgan) instead. i think return is much higher for long term~ :)
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evercare Member	21-Mar-2008 00:59        evercare About Contact  Quote this Post!
x 0   x 0  Alert Admin	am not a fan of GIC or Temasak. but i still thought they have done well to have a slice of the big cake, be it papaer lost of 6billion. if UBS is doing very well currently, GIC or temasak have a chance to buy into UBS?... fat hope. just a two cents worth of thoughts.
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Andrew Master	21-Mar-2008 00:08        Andrew About Contact  Quote this Post!
x 0   x 0  Alert Admin	In Temasek mind, probably goes like : "Only 6billion what!!!!  Can't even build an expressway for the north-east area".  "Part time effort part time gain.....Full time effort full time gain"
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soyabean Member	20-Mar-2008 23:49        soyabean About Contact  Quote this Post!
x 0   x 0  Alert Admin	so happy? it is our money at the end of the day... bad mistake? i guess most ple have lost even more than tt... who are we to jeer?
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jackjames Elite	20-Mar-2008 23:25        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	HA HA HA HA HA HA HA!
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novena_33 Veteran	20-Mar-2008 21:47        novena_33 About Contact  Quote this Post!
x 0   x 0  Alert Admin	when they bought into the co...i though they have done enough homework.... but looking at the price now.... i think they did not do enough ...... just because they have holding power... they can say base on long term...sound bull shit to me...... it make them look like some ordinary investor......haiz....
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