DBS is pulled down by LVS

[Merl Haggard]

Temasek's DBS share price is collapsing. Could DBS's share price plunge be connected with their syndication of the USD$5.2 bln to LVS for
the development of Marina Bay IR?

The 69% shareholder of LVS, Sheldon Adelson, world's 3rd richest person was worth US$35 bln in 2007, but today he is worth under US$3.

With LVS's operating their 5 mega casinos (2 Las Vegas & 3 in Macao) in today's climate, LVS may go under soon.

 

[TeeKee]

Temasek's DBS share price is collapsing. Could DBS's share price plunge be connected with their syndication of the USD$5.2 bln to LVS for
the development of Marina Bay IR?

when MAS asked DBS to compensate the Minibonds holders, like in HK, it may fall again......

 

[halsey02]

Temasek's DBS share price is collapsing. Could DBS's share price plunge be connected with their syndication of the USD$5.2 bln to LVS for
the development of Marina Bay IR?

The 69% shareholder of LVS, Sheldon Adelson, world's 3rd richest person was worth US$35 bln in 2007, but today he is worth under US$3.

With LVS's operating their 5 mega casinos (2 Las Vegas & 3 in Macao) in today's climate, LVS may go under soon.

Sheldon Adelson was US$35bn now US$3...wow!

 

[Merl Haggard]

Sheldon Adelson was US$35bn now US$3...wow!

Well, Las Vegas Sands in OCT 2007 was trading at US$155 and now plunged to only US$10-US$12.

 

[madmansg]

same as most NS slaveds. Before NS they are worth $100. After NS they are worth 10 cents.

 

[KopiJoe]

DBS has on inventory about SGD 1.3bn of CDOs and MBS...This is versus OCBC and UOB which has less than SGD 500mm on their books...A recent UBS reports has all the numbers...Btw DBS only written down 200+mm only.