Friday, May 22, 2009 9:51

Temasek Holdings – still “long term” strategy despite huge losses?

In Quotes • 357 views • 4 Comments

Our investment thesis had changed from Merrill’s specific businesses to the more diversified BoA linkage to the broader US economy.

Temasek spokesman Myrna Thomas, explainin why Temasek sold its stake in Bank of America (BoA), resulting in estimated losses of between US$2.3 billion (S$3.3 billion) and US$4.6 billion.

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4 Comments

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dora
May 22, 2009 13:30

the funny thing is that they are throwing money back to singapore after losing money in the us market.

isn’t there a parallel between that and the employment situation? where they are welcoming the FTs and neglecting the Singaporeans.

When will they ever learn that? Are we consigned to being a second class citizens?

mice is nice
May 23, 2009 22:48

hi Dora,

it won’t surprise many since a group that thinks alike, acts in similiar fashion.

KopitiamApek
May 29, 2009 17:14

By long term, they could be refering to the gains made since the Big Bang. Archaelogical records in of National Archives will give concrete evidence that when the Big Bang occured, the value of Temasek Holdings was zero. So any mathematicians will die die tell you the they gains made is infinity.

So what are we complaining about. It’s Long Term !

mike
May 29, 2009 17:25

KopitiamApek ,

i am afraid you may have to ask MM to wake up and pass the key to you man.

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