Temasek to Europe - We are cumming!

[Confuseous]

Temasek, which managed S$193 billion ($150 billion) as of March 2011, may fund European companies expanding in growth markets like Asia and Latin America, or form ventures with firms seeking mergers or acquisitions, Chief Investment Officer Tan Chong Lee said in a June 11 interview. Temasek is prepared to make "sizable" deals topping S$1 billion, he said.

The MSCI World Index (MXWO) slumped 9 percent in May, its worst monthly performance in two years, as Europe's debt crisis intensified, the U.S. recovery showed signs of losing steam and growth slowed in China and India. European officials have tried to contain the situation as Spain sought a bailout of 100 billion euros ($125 billion) for its banks and a Greek vote this weekend may decide whether the country stays in the euro zone.

"We do not discount the possibility that another severe round of major dislocation could actually result from the current European crisis," said Tan, 50. "It's hard to quantify or predict the magnitude of the potential correction, but one would imagine that there is no less reason why another major correction would not be as bad or worse than the global financial crisis that we saw back in 2008."

- http://sg.finance.yahoo.com/news/temasek-says-europe-crisis-offers-071845197.html

 

[LumparChee]

Temasek is always wrong. They are now contrarian for the sake of being contrarian.

Buy Barclays, say long-term. Cut losses after a few months.

They simply have no sense of the timing and duration of a trend.

 

[Fook Seng]

I only hope that that money is actually used for investment in Asia and not conveniently siphoned off to do rescue operation in Europe, knowing full well that these European investors have larger and even more important investments in Europe. And we know what creative accounting can do.