Why Temasek, Why ?
There are some days where I wonder what would actually happen had I been smart enough to join the civil service ? I shudder. Probably running a mail room in a remote part of the island, in exile, where they put all the non conformists. Such thoughts are, of course, fabrications of an envious, sour grapes mind because I am UNWORTHY.
This post is written for posterity because in the future we will see how silly we are to be asking this question now.
Temasek Increases Stake in ICBC as Goldman Ends Holding 22 MAY 2013
About 20% of Temasek’s portfolio is in Chinese banks. ICBC shares have plunged 22% since 22 May 2013. But NOTE they wisely bought ONLY USD 198 mio !
I will not make any judgments safe to say, I am not a very smart person and am unworthy of analysing a matter of such crippling complexity.
Muddy Waters wins for now. But lets revisit this in a few years.
Muddy Waters says this.
Block Says China Banks’ Bad Loans Spread Beyond Government Debt : Bloomberg
Meanwhile, the rest of Singapore GLCs were pretty sharp.
Singapore Labour Foundation dumps Comfort Delgro
Capitaland, Sing Power and Singtel sold their stakes in Australian subsidiaries
Related articles
- Temasek Vs Muddy Waters Goes To China (tradehaven.me)
- Temasek Increases Stake in ICBC as Goldman Ends Holding – Bloomberg (bloomberg.com)
- Bank Transfers and Services Suspended in China: ATMs, POS Machines, Online Banking Paralyzed 50 Minutes (globaleconomicanalysis.blogspot.com)
- Bank Of China Declares Moratorium On Transfers, Online Banking; Counters Inoperable (infiniteunknown.net)
everyone seems to focus on the bad investments they made… and i didnt really hear much on the returns they made on good investments (or are there many in the first place? 🙂 ). Afterall, it is all about getting more winners than losers right?
Just read that they up their investment in Celltrion.. a Korean biotech firm
Yes. You are right.
The thought process is very different when you are a visionary.
Singapore’s Temasek Increases Its Stake in Chinese Lender ICBC
By Klaus Wille – Jun 28, 2013 8:49 PM GMT+0800
“Temasek Holdings Pte, Singapore’s state-owned investment company, raised its stake in Industrial & Commercial Bank of China Ltd., adding to its interests in state-controlled lenders of the world’s second-largest economy.”
It is making more sense now.