Temasek's portfolio rises 8.6% to hit record of $215 billion

[Unrepented]

So where does the "change in net asset value go":(

For investment companies a better gauge of performance is the change in net asset value ( excluding infusion of new cash/capital ) ....profit/loss figures are just accounting numbers.

 

[watchman8]

Madam Ho Ching certainly knows how to pick the winners. Considering the fact that the market has been challenging over the last few years, she certainly has done a superb job of increasing the wealth of all Singaporeans.

Kudos for a job well done.

I agree totally. Whatever she picks are winners already, i.e. the whole world already know these winners and the prices would have peaked. It is small wonder that her picks ends up losing money.

 

[escher]

Madam Ho Ching certainly knows how to pick the winners. Considering the fact that the market has been challenging over the last few years, she certainly has done a superb job of increasing the wealth of all Singaporeans.

Kudos for a job well done.

Fuck you !


HOW MUCH DID TEMASICK HAD TO START WITH?

300??? 400??? 500??? 600??? BILLIONS?

HOW MUCH ADDED TO THAT INITIAL START?

200?? 300?? 400?? 500??? BILLIONS?

WHAT FUCKING SUPERB JOB OF INCREASING THE WEALTH OF SINGAPOREANS?

WHY ARE SINGAPOREANS SO MUCH POORER NOW THAN BEFORE?

FUCK YOU AGAIN FOR THE LIES YOU BEEN SPEWING HERE

 

[Leongsam]

Fuck you !

There is no need to be rude. Surely I'm allowed to express my opinions here without being bombarded with profanities.

You're entitled to your opinions. I don't swear at you just because I disagree with your posts.

All my posts are based upon stats which are available in the public domain. I don't speculate. I look at the bottom line indices which measure how well a country is doing and they all point to the fact Singapore is doing very well thanks to the PAP.

 

[Asterix]

TemaSICK is not concerned because the money is not theirs. They also have not learned lessons from burnt fingers in 2009 because ball-less Sinkies do not demand accountability even after that monumental debacle.

This from Bloomberg:

Temasek Holdings Pte, the biggest foreign investor in Chinese banks, said it’s not concerned by a cash crunch that sent stocks plunging last month and plans to increase its assets in the nation.

“There is sufficient liquidity in the system over a prolonged period,” Chia Song Hwee, head of the investment group, said at a briefing in Singapore yesterday. “We’re actually looking at it as an opportunity to build on the portfolio rather than shrinking it.”

Chia’s comments represent a vote of confidence in the outlook for China’s economy after the worst cash squeeze in a decade caused money-market rates to soar and drove stocks to a four-year low. The state-owned investment company, which counts stakes in three Chinese banks among its biggest holdings, yesterday reported an 8.6 percent increase in assets to S$215 billion ($169 billion) in the year ended March 31.

Temasek has amassed stakes worth almost $18 billion in China Construction Bank Corp. (939), Industrial & Commercial Bank of China Ltd. and Bank of China Ltd., according to data compiled by Bloomberg. China allowed money-market rates to surge to a record last month as it tries to damp speculative lending.

Chief Executive Officer Ho Ching benefited from a recovery in stocks around the world, with 73 percent of Temasek’s holdings in publicly traded assets. The MSCI World Index gained 9.3 percent in the year to March 31, while Singapore’s Straits Times Index climbed 9.9 percent.

Total Returns

Total shareholder return, which includes dividends, widened to 8.9 percent from 1.5 percent in the previous year. It averaged 16 percent since its inception in 1974. The return was 4.9 percent over a three-year period, and 13 percent over 10 years, it said.
Financial services remained the biggest industry for Temasek’s investments, accounting for 31 percent of its assets, unchanged from a year earlier, it said. Stakes in Construction Bank, Standard Chartered Plc and DBS Group Holdings Ltd. are its biggest assets by value after the holding in Singapore Telecommunications Ltd., according to data compiled by Bloomberg.

Temasek bought 3.55 billion shares in ICBC from Goldman Sachs Group in April 2012 and added 83.7 million shares in the Chinese lender the following month. It holds 7.4 percent of Construction Bank’s shares traded in Hong Kong.

“Temasek is overexposed to Chinese banks,” said Enrico Soddu, an analyst at the London-based Institutional Investor’s Sovereign Wealth Center. “In case the growth in China stops, the financial sector will be the first to be affected. And that could seriously dent their portfolio.”

Burnt Fingers

The Singapore investment manager had a record profit decline in the year to March 31, 2009, because of losses on Bank of America Corp. and Barclays Plc.

“Their heavy exposure to Chinese banks surprises me a bit as they already burned their fingers once with their investments in banks during the global financial crisis,” Soddu said.

………………….

Rest of Article is here:

http://www.bloomberg.com/news/2013-...to-a-record-on-recovery-in-stock-markets.html

 

[Leongsam]

“Temasek is overexposed to Chinese banks,” said Enrico Soddu, an analyst at the London-based Institutional Investor’s Sovereign Wealth Center. “In case the growth in China stops, the financial sector will be the first to be affected. And that could seriously dent their portfolio.”

What the hell do people like Soddu know about investments and returns.

If they were any good, they'd have amassed their own fortunes instead of having to slog away at earning a living writing articles about the wealth of others.

Enrico Soddu can :kma:

 

[Poomer]

What the hell do people like Soddu know about investments and returns.

If they were any good, they'd have amassed their own fortunes instead of having to slog away at earning a living writing articles about the wealth of others.

Enrico Soddu can :kma:

What the hell do people like Ho Ching know about investments and returns.

If they were any good, they'd have amassed their own fortunes instead of making loss after loss managing our sovereign wealth funds.

Ho Ching can :kma:

 

[Asterix]

TemaSICK is not concerned because the money is not theirs. They also have not learned lessons from burnt fingers in 2009 because ball-less Sinkies do not demand accountability even after that monumental debacle.

........

The Singapore investment manager had a record profit decline in the year to March 31, 2009, because of losses on Bank of America Corp. and Barclays Plc.

“Their heavy exposure to Chinese banks surprises me a bit as they already burned their fingers once with their investments in banks during the global financial crisis,” Soddu said.

………………….

Rest of Article is here:

http://www.bloomberg.com/news/2013-...to-a-record-on-recovery-in-stock-markets.html

That Ho Ching messed it up and still dares to say she has no regrets! ... So don't tell me this nonsense that the losses are purely the result of market conditions. That's the crap you are supposed to publish in the newspapers to fool the rest of the Singaporeans. This propaganda makes me want to vomit!

... Here's what we do. We spin the story ... :*:

[video=youtube;7skdIMzVJPw]http://www.youtube.com/watch?v=7skdIMzVJPw[/video]

 

[Leongsam]

What the hell do people like Ho Ching know about investments and returns.

If they were any good, they'd have amassed their own fortunes instead of making loss after loss managing our sovereign wealth funds.

Ho Ching can :kma:

Ho Ching is a very wealthy woman in her own right and she belongs to an exceptional family. You have no right to talk about her in such a rude and disrespectful manner.

 

[singham]

boss is right! it's really not easy to manage a big gahmen linked company involved in "political business".

Ho Ching is a very wealthy woman in her own right and she belongs to an exceptional family. You have no right to talk about her in such a rude and disrespectful manner.

 

[NeverSayDie]

boss is right! it's really not easy to manage a big gahmen linked company involved in "political business".

Had enough sleep?

 

[iamhere]

hopefully, the 60.1% don't wake up and read in the news that
toomuchsex belongs to a $2 company whose email address is [email protected]
,address is C/O pap HQ, directors who were ex-MPees (PAPees still) and it is
perfectly all right to sell toomuchsex to it for some peanut sum like $1.99...




FUCK PAP, FUCK PAP, FUCK PAP.........
MAY PAPEES, CRONIES N FAMILIES BURN ETERNALLY IN HELLS.........
MAJULLAH SINGAPURA.........
GOD BLESS SINGAPORE..............
REMEMBER to

VOTE papees OUT



do yrself, yr forefathers and yr generations to come, a favor, a service and a long-awaited justice

 

[Poomer]

Ho Ching is a very wealthy woman in her own right and she belongs to an exceptional family. You have no right to talk about her in such a rude and disrespectful manner.

Didn't know her networth was public knowledge? Her dad is a retired businessman, and she used to be a high-flying government scholar. btw. you mean she married into an exceptional familee or belongs to an exceptional family?

I felt what you said about the analyst was quite true though, if Ho Ching was worth billions, she'll be managing her own portfolio instead of Temasek Holdings.

Anyway, that's the exact 'rude and disrespectful manner' which you described Enrico Soddu, an analyst at the London-based Institutional Investor’s Sovereign Wealth Center.

 

[1nottiboy]

Seriously, this is pointless. So what if Temasek Holdings is worth a trillion dollars? none of us is ever gonna ever get to enjoy any of it. at least, not us average folks.

 

[singham]

we are at least getting GST rebates in the form of cash. how many countries do that and yearly?

Seriously, this is pointless. So what if Temasek Holdings is worth a trillion dollars? none of us is ever gonna ever get to enjoy any of it. at least, not us average folks.

 

[PrinceCharming]

Ho Ching is a very wealthy woman in her own right.......

yeah, and she's going to collect at least S$15 million in bonuses, shares, what-have-yous because of the S$215 billion portfolio....

 

[escher]

there is no need to be rude. Surely i'm allowed to express my opinions here without being bombarded with profanities.

You're entitled to your opinions. I don't swear at you just because i disagree with your posts.

All my posts are based upon stats which are available in the public domain. I don't speculate. I look at the bottom line indices which measure how well a country is doing and they all point to the fact singapore is doing very well thanks to the pap.

how much did temasick had to start with?

300??? 400??? 500??? 600??? Billions?

How much added to that initial start?

200?? 300?? 400?? 500??? Billions?

What fucking superb job of increasing the wealth of singaporeans?

Why are singaporeans so much poorer now than before?

 

[greedy and cunning]

we are at least getting GST rebates in the form of cash. how many countries do that and yearly?

shallow thinking.

i don't mind give you $10.00 yearly if you ' allowed ' me to take $10000.00 from you.

many countries have welfare system. how many countries have that ? :p:p:p

 

[winnipegjets]

we are at least getting GST rebates in the form of cash. how many countries do that and yearly?

In most countries, uncooked food is GST exempt. That is more than the GST rebates you are collecting. And yes, lots of countries give GST cash rebates.

 

[winnipegjets]

Ho Ching is a very wealthy woman in her own right and she belongs to an exceptional family. You have no right to talk about her in such a rude and disrespectful manner.

We have every right to curse her because she blew away billions of our hard earned reserves. If she is really that good, she would not be afraid to open the books of Temasek for public scrutiny.