Chitchat Many Temasek Invested Firms in Singapore are Under Threat

[gingerlyn]

1. SPH under threat
Hot stock: SPH falls 1.65% to S$2.98 after Monday's close
http://www.businesstimes.com.sg/com...ock-sph-falls-165-to-s298-after-mondays-close

2. Comfort Delgro share is almost 1 year low due to Uber and Grab Taxi

3. SIA making loss
http://www.businesstimes.com.sg/companies-markets/surprise-q4-loss-sends-sia-shares-diving-725

4. Starhub share is almost 1 year low due to competition from Amazon and Netflix.

5. Singpost saga Corporate governance breach
https://casewriting.smu.edu.sg/case/corporate-governance-breach-singpost

 

[parrardee]

ckmpd, why are you not here to fuel this fire?

 

[SalahParking]

doesn't matter, 1 billion or 100 billion is still chump change lah...live with it

 

[frenchbriefs]

Luckily all my REITs and real estate companies are mostly up 20 to 40% since Trump rally.

 

[mojito]

No threat. Temasek making 15% every year how to be under threat?

 

[tanakow]

Many of these companies are used for hosting useless military senior officers for their amakudari. Whether the companies make profit or not is not the kPI.

 

[johnny333]

Don't forget that Spore taxpayers are supporting these companies & of course the foreigners living in Spore

if any of these companies are losing $, they can easily jack up taxes & prices in Spore to make up for any losses they are making.

 

[eatshitndie]

they are actively seeking new investment opportunities to make in the u.s. to offset the duds in sg. that's called geo-diversifying the portfolio.

 

[ckmpd]

ckmpd, why are you not here to fuel this fire?

You are misled and misdirected.

Instead of having so much stupidity, you shd ask whether the poster said is true. Ask for wisdom to know the truth and intelligence to know why pap is so evil.

So was what post#1 said true?

 

[eatshitndie]

roi pretty good so far this year. hefty investments in alibaba and amazon are enough to offset any losses in other small time investments.

http://www.cnbc.com/2017/07/11/sing...6-billion--up-13-percent-for-fiscal-year.html

Singapore state-owned investment company Temasek reported Tuesday that its portfolio rose to a record 275 billion Singapore dollars ($197 billion at fiscal year-end) — up 13 percent year-over-year in local terms — for the year ended March 31.

For the longer term 10-year and 20-year total shareholder return (TSR), one of Temasek's key metrics for itself, the fund reported 4 percent and 6 percent, respectively. The annual TSR since the 1974 inception was 15 percent.

......

Among Temasek's large holdings, shares of DBS rose around 27 percent over the fiscal year, while shares of SingTel were up around 4.5 percent.

Standard Chartered shares rose around 68 percent and shares of U.S.-listed Alibaba were up nearly 37 percent over the course of the fiscal year.

But on the downside, shares of Singapore Airlines tumbled nearly 12 percent during the fiscal year.

It's also been betting on itchy Chinese feet, with stakes in Chinese travel-booking websites, as well as investments in Alibaba, JD.com and Amazon.

 

[ckmpd]

roi pretty good so far this year. hefty investments in alibaba and amazon are enough to offset any losses in other small time investments.

http://www.cnbc.com/2017/07/11/sing...6-billion--up-13-percent-for-fiscal-year.html

Singapore state-owned investment company Temasek reported Tuesday that its portfolio rose to a record 275 billion Singapore dollars ($197 billion at fiscal year-end) — up 13 percent year-over-year in local terms — for the year ended March 31.

For the longer term 10-year and 20-year total shareholder return (TSR), one of Temasek's key metrics for itself, the fund reported 4 percent and 6 percent, respectively. The annual TSR since the 1974 inception was 15 percent.

......

Among Temasek's large holdings, shares of DBS rose around 27 percent over the fiscal year, while shares of SingTel were up around 4.5 percent.

Standard Chartered shares rose around 68 percent and shares of U.S.-listed Alibaba were up nearly 37 percent over the course of the fiscal year.

But on the downside, shares of Singapore Airlines tumbled nearly 12 percent during the fiscal year.

It's also been betting on itchy Chinese feet, with stakes in Chinese travel-booking websites, as well as investments in Alibaba, JD.com and Amazon.

No one outside of the pap knows the true ROI. so no one outside the PAP cannot declare that ROI was pretty good because they dont know the truth.

That's the price Singaporeans pay for voting fort he pap because they never know what's the truth.

But we are keeping the pap on its toes and we are making headway. PAP's opacity will end

 

[eatshitndie]

No one outside of the pap knows the true ROI. so no one outside the PAP cannot declare that ROI was pretty good because they dont know the truth.

That's the price Singaporeans pay for voting fort he pap because they never know what's the truth.

But we are keeping the pap on its toes and we are making headway. PAP's opacity will end

this purchase alone of alibaba's shares middle of last year from softbank has boosted roi by a tremendous amount.

http://www.reuters.com/article/us-alibaba-stocks-softbank-group-idUSKCN0YN63K

 

[eatshitndie]

it's known as rachetting up. there are downturn notches but over time the curve rachets up.

 

[gingerlyn]

M1 shares fall sharply after major shareholders call off strategic review

Telecom firm M1's shares fell over 8 per cent when trading opened on Wednesday (July 19) after the company's biggest shareholders called off strategic review of their stakes. At 9:20am, the company was trading 7.6 per cent lower at S$1.94.

 

[SalahParking]

it's known as rachetting up. there are downturn notches but over time the curve rachets up.

View attachment 31185

all this rachetting will lead to screwing eventually.

double down large bets always kaput

 

[frenchbriefs]

it's known as rachetting up. there are downturn notches but over time the curve rachets up.

View attachment 31185

dafug u talking about,its just a graph climbing up.sounds like u are making things up.

 

[eatshitndie]

dafug u talking about,its just a graph climbing up.sounds like u are making things up.

it's all here. now you can wank yourself silly.

http://www.temasek.com.sg/portfolio/portfolio_highlights

this set of graphs are even better to wank to.

http://www.temasek.com.sg/investorrelations/portfolioperformance

 

[gingerlyn]

SingPost shareholders ask if those involved in TG deal taken to task
They were told at AGM full independent report by WongPartnership will be given to "regulatory authorities"
SINGPOST'S controversial TradeGlobal (TG) deal dominated the floor at its 25th Annual General Meeting (AGM) on Thursday.

Nine of the 900 shareholders present took the microphone to question the board of the postal and e-commerce service provider on the lack of due diligence, impairment of assets, unclear articulated mergers and acquisitions (M&A) policy, inadequate governance, and slashed dividends.

They even asked for details on how those involved in the takeover of the loss-making US e-commerce business TG would be taken to task.

Chairing the four-hour session at Suntec Singapore International Convention and Exhibition Centre, SingPost's non-executive lead independent director Fang Ai Lian said a full copy of the independent report by legal counsel WongPartnership LLP, when issued, will be given to the relevant regulatory authorities.

Mrs Fang said in order to help shareholders understand the observations made by the independent review on several points, its summary had been made public.

"This report did not discuss individuals," she said.

Independent director Elizabeth Kong said the focus of the summary was on the processes and not on specific individuals.

"That will be in the complete report to be handed over to the relevant authorities. The summary did not single out the exco, but merely said further due diligence was not carried out, responsibility not dealt with," said Ms Kong, who chairs the independent committee formed to review the TG acquisition.

SingPost hired FTI Consulting to assess the adequacy of due diligence performed in relation to the TG acquisition and said, in May, that it would take a whopping S$185 million impairment for TG, admitting that the business has "underperformed".

WongPartnership was asked by the current board to conduct a review of the circumstances surrounding its predecessor's decision to acquire TG and in an update on Monday, the law firm said that due diligence was not observed nor properly carried out before SingPost signed off on its largest acquisition in 2015.

The "asymmetrical flow on information" to the board also resulted in its oversight.

A summary of the findings was filed with the Singapore Exchange late on Monday night, two months after the group posted a net loss of S$65.2 million for its fiscal fourth quarter, down from a net profit of S$105.4 million in the previous year.

Ms Kong assured shareholders the recommendations made by WongPartnership to rectify governance issues had been accepted and SingPost "had put in place frameworks to address (our) shortcomings".

Visibly absent at the AGM was SingPost chairman Simon Israel, who was taken ill and was hospitalised on Thursday just hours before the AGM.

A spokesman from the firm said Mr Israel, who took over as chairman in May 2016, "is under observation pending tests". In his speech, read out by Mrs Fang, Mr Israel said SingPost had put a new dividend policy in place last year, and this "has resulted in paying a significantly lower dividend".

He said the "paying out 60 to 80 per cent of underlying net profit" meant impairment does not affect the dividend. He also said the past dividend policy, which "was not sustainable and dividends were being paid partly out of the reserves", is no longer appropriate when raising new capital for growth.

On SingPost's future, Mr Israel said while there had been "several major setbacks", SingPost should not lose sight of the progress made.

They include the strengthening of its partnership with Alibaba, the opening of its Regional eCommerce Logistics Hub, and the harnessing of technology to manage the decline of the postal business.

 

[gingerlyn]

Simon Israel fell sick and did not attend Singpost AGM. hahaha
SingPost chairman absent from its 25th AGM

CHAIRMAN of SingPost, Simon Israel, was absent from the postal and e-commerce service provider's 25th Annual General Meeting (AGM) on Thursday.

Taking over the helm from him at the meeting was non-executive lead independent director, Fang Ai Lian.

Mrs Fang also read Mr Israel's speech to the shareholders at the meeting held at the Suntec City International Convention Centre.

When asked, a spokesman from SingPost would only say that Mr Israel was hospitalised on Thursday morning and "is under observation pending tests".