• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Now, Mdm Ho bets on Nigeria. Huat ah!

Confuseous

Alfrescian (Inf)
Asset
One of the riskiest destinations for investments must be Nigeria, a country riddled with corruption, violence and a long-running Islamic insurgency. But Singapore’s state-owned investment company seems to have decided there is sufficient reward in betting on the African country’s potential in the oil sector.

In taking its baby steps into Nigeria, Temasek Holdings is joining forces with the private sector arm of the World Bank Group and taking a US$150 million stake in Seven Energy International Ltd., a company owned by a local oil tycoon, Kola Aluko.

As Temasek’s investments go, this is a drop in the ocean, but it still shows an appetite for risk and a need to put its eggs in as many baskets as possible to achieve good returns – something Ho Ching set her targets on when she became executive director in 2002 and CEO two years later.

CIMB’s Song Seng Wun told The Edge Review: “Temasek has to be opportunistic. The financial sector has been done to death. It needs to spread its wings to other areas. But the Nigerian play is not a major shift; it ticks off all the boxes as Nigeria is an emerging market and resources is an area no serious player can ignore.

“Yes, there are pluses and risks, but nothing ventured, nothing gained. Right?”

On the flip side, Nigeria is the most populous country and the top oil producer in Africa and has just leap frogged South Africa as the continent’s largest economy. All this bright news puts Nigeria in the race to become one of the world’s top 20 economies.

Shell’s problems there, however, have forced the multinational company to rethink its investment. Its annual report for last year speaks of “crude oil theft, sabotage, illegal refining,” leading to a loss of US$1billion for the oil conglomerate last year.

That is why Temasek is taking its first foray into the African country in a slow-mo fashion, investing a small figure and joining forces with a respected partner like the World Bank.

The bigger Temasek story is its significant shift in strategy to betting on the burgeoning affluent consumer, with its recent US$5.7 billion deal with Hong Kong’s richest man, Li Ka-shing, for a 25 per cent share of his health and beauty retailer, AS Watson, and a US$4.2 billion offer to swallow up the commodities company, Olam.


The Financial Times says these two investments are record breaking in that Temasek has not sunk that kind of money into other investments.

The head of the company’s investment group, Chia Song Hwee, is quoted as saying: “The consumer retail sector is a good proxy to growing middle income populations and transforming economies.

“This is very much part of our investment theme as we shape Temasek’s portfolio for the long term.”

A breakdown by Dealogic confirms Temasek’s spread-the-wings strategy, with life sciences, consumer and real estate taking fourth spot, at 12 per cent of its portfolio of investments, behind financial services (31 per cent), telecoms, media and tech (24 per cent) and transport and industrials (20 per cent).

The people behind this push by Temasek is a five-person group of dealmakers set up in 2011 whose co-head is Jonathan Popper, who was poached from Morgan Stanley a year ago. Temasek has said that the team was put together to advise “on larger and more complex transactions.”

Behind all these moves is Temasek’s obsession with a healthy rate of return. When Ho Ching, who is the wife of Singapore’s prime minister, took over the company, she promised more transparency, with a focus on providing healthy returns. For 10 years from 2002, Temasek’s investments have delivered an annualised return of 18 per cent in Singapore dollar terms.

The prime minister’s wife will surely want to continue that record, with opponents waiting to spoil the party if things slip up.

This article first appeared in The Edge Review
 

virus

Alfrescian
Loyal
good grief... after trying out puteh schlong of goodyear and failed, now she wants the black schlong from snakeoil seller jonathan goodluck.

pray tell, whore is gg to save her from all these...
 

borom

Alfrescian (Inf)
Asset
I will admire her if she puts her own monies, or better still, the lee family wealth into Nigeria.

However we are talking about public monies and clearly this is a sign that things have gone too far.
Are locals going to continue sitting there and do nothing while more and more of their hard earned CPF funds are being used (indirectly) in this manner?
WP how come so quiet, or has the pappy's town council trap worked to well as to stifle and bog them down?
 

Tuayapeh

Alfrescian (InfP)
Generous Asset
Better mah....then when the fucking money disappears.....you wont be able to find the fuckers who took it understand?


Theres obviously some shenanigans going on here within the fucking temasek and GiC but when you get a gong cheebye in charge and everyone else below here using her as a shield....you know there will always be a lot of fucking trouble,......


Even if she was not the fucking thief, the fuckers who stole and siphoned off the money will just say, but she asked me to do it....you not happy you can go and ask her yourself and risk getting your fucking head getting chopped off......



Way to go stinkapore, this country is truly fucked when you get the familee running this shop.......no accountability, no transparency, playground for the fucking thieves.......
 

Lizzert

Alfrescian
Loyal
KNN...This time the Or Lan will really be tua-kee..better hope only kena in front and not in the butt as well this time
 

laksaboy

Alfrescian (Inf)
Asset
Don't be a hater. Invest in Africa!


Invest-in-Africa.jpg
 

makapaaa

Alfrescian (Inf)
Asset
In taking its baby steps into Nigeria, Temasek Holdings is joining forces with the private sector arm of the World Bank Group and taking a US$150 million stake in Seven Energy International Ltd., a company owned by a local oil tycoon, Kola Aluko.

As Temasek’s investments go, this is a drop in the ocean, but it still shows an appetite for risk and a need to put its eggs in as many baskets as possible to achieve good returns – something Ho Ching set her targets on when she became executive director in 2002 and CEO two years later.

=> So USD 150M is pocket money to Ho Jinx. Yet the very same FAP Traitors will feel that it is always one cent too much when it comes to returning money extracted from SGs back to SGs. We have a very very evil regime in place!
 

Asterix

Alfrescian (Inf)
Asset

Goodluck and Patience are unstoppable duo
First Man Ho deserves applause and kudos
Darkie Dick impales her and Jinx vanishes
Transparency my foot accounts in Spanish


Ooi KopiFart, you like my rhyming or not?

"As his name suggests, Nigeria's President Goodluck Jonathan has a habit of being in the right place at the right time.

Until November 2009, he was serving out his time as a low-key deputy from the south of the country to a low-key president from the north.

But then, President Umaru Yar'Adua was taken to hospital in Saudi Arabia and was not seen again in public until he died on 5 May 2010.

Step forward, Mr Jonathan. After months of political wrangling, Nigeria's elite finally accepted him as acting leader in February 2010 when the ailing president returned home, but remained too ill to govern.

Barely 12 hours after Mr Yar'Adua's death, Goodluck Jonathan was sworn in as the new president and commander-in-chief of the armed forces of Africa's most populous nation - one of its most fractious democracies.

Not bad for a man who had never been elected to major public office in his own right.

............

His wife, Patience, was investigated by anti-corruption officials in 2006 over allegations she tried to launder some $13.5m (£8.5m)."

http://www.bbc.com/news/world-africa-12192152
 

Sinkie

Alfrescian (Inf)
Asset
Must be freaking out of her mind.........Nigeria is land of scammers..........dun believe, just watch all go up in smoke.

Besides, the nigga Goodluck purposely allowed Boko Haram to rape 200 + girls in the jungle, then pretend to ask USA to send troops into Nigeria to find for them........because this fucker is playing USA against the Chinese, who are already thick in Nigeria for years.

She's playing with shadows.....what an idiot.
 
Top