Unrealistic for Temasek to always outperform or avoid losses

last SG · 2009-05-29T13:54:41+00:00

If i were to take the numbers that he mentioned as facts, why should anyone criticise them? If overall I am still making a profit, it is still a profit. That...

angel7030 SG

What despotic assholes... just let the people keep/do what they like with their own money.

Why must they take the people's hard earned money to gamble?

Whether they win or lose, they take millions in salaries and talk cock.

Medication TIME!!!

angel7030 SG

Channel NewsAsia - Thursday, May 28

SINGAPORE: Finance Minister Tharman Shanmugaratnam has said it is not realistic to expect Temasek Holdings to outperform in every cycle or to avoid losses on every individual investment, or its overall portfolio when the markets go through sharp corrections.

Speaking in Parliament in response to MPs questions on Temasek’s sale of its Bank of America (BoA) shares, Mr Tharman said Temasek saw a S$58b decline in value between March and November 2008.

But this was after a much greater gain of S$114b in its investment portfolio over the preceding five years, from the time the market cycle began in 2003.

He told the House that even after taking into account the recent sharp market declines, Temasek’s portfolio had in fact grown by S$56b based solely on returns from investments made.

The Finance Minister described Temasek as a long—term investor, and stressed that that by being so, did not require Temasek to be locked into every individual investment, regardless of major changes in the environment or a new investment proposition.

He told Parliament that Temasek has performed respectably compared to any relevant market indices, and even other reputable institutional investors with its total shareholder returns of an average of over 15% per year.

Mr Tharman added that Temasek has operated successfully over the last six years, and it will continue to keep to its discipline, maintain a diversified portfolio, and keep its sights on achieving long term returns.

—CNA/sf

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If it is his money that Temasek is losing I don't think he will talk like that. So to say there is no need to have any accountability.

Botak tharman is another substandard product by PAP. Since he took over as Finance Minister, all we hear is noise from him. Good for nothing!

Aunty, I notice you like to voice out when botak speaks, why?? you fancy botak indian man ar??

Anyway, botak body got lots of hair, so dun play play with him. Lucky he never sing Tamil Songs to you, in Tamil movie they alway like to express themselve with songs. So, abit of noise nevermind lah, let botak do his job ya

angel7030 SG

Haha ok thanks for not scaring me too much. You are the clever and knowledgeable one here and yeah while i live in own little world. All the best to you.

U r a chicken is it??? my sista scare u abit only, you go away liao,...scare her back lah, why scare of her ar?? Last time, i kicked her backside for talking too much.

jojobeach SG

U r a chicken is it??? my sista scare u abit only, you go away liao,...scare her back lah, why scare of her ar?? Last time, i kicked her backside for talking too much.

You got kick meh ? I thought you rabba rabba onli ?

deepak.c SG

Interestingly enough, the stellar growth in portfolio from S$100 million (1960s) to the current S$127 billion is not entirely due to investment growth, it's more like capital injection from MAS (CPF funds).

Note that on the balance sheet side of CPF we have a loan of S$118 billion to MAS, MAS then loans the money to Temasek and GIC. We can't really determine the exact amount because of secrecy with Temasek's account. Somehow or rather Temasek and MAS has to make goods those interest of CPF members in the future. Then one has to also consider where does the money from over priced HDBs go to?

Worcer SG

That is half right.Singapore makes lots of money by attracting foreign investment.

Of course wat that botak was saying probably was written by another asshole.He hardly knows wat that hell was implied in the writting anyway.

Our government lay traps to Internal and external funds.Trying their best to try benefit from it.Exploiting Civilian like us is a must.Since no matter how we complain still like that.

When they try to cover their tracks,they do make mistakes of course.Try not to blame them.For ppl in the Finance dept is a bit out right now.

For example they keep giving us info but nvr telling us how they come to that.Which means they bullshiting us lah.

deepak.c SG

one of the books I use for tuition, the price has already factored in 5%, 7%, 9% and 10% GST printed at the back

Means those folks who don't pay any income tax (earning $20k), now have to pay 7% GST.

angel7030 SG

Means those folks who don't pay any income tax (earning $20k), now have to pay 7% GST.

ya, all because of a stupid tutor who dun go library but do the easy out to conn poor students

charlize SG

A lot of people also know that a part of the "good" performance is through capital injection.

Someone from another forum mentioned how it works with a simple example:

Assuming you have an initial amount of $1000 and you invest the whole amount into stocks.

At the end of 1 year, you lost 50% to $500.

At this point, you inject capital into your account with another say $1000.

Your account is now $1500.

Voila, your losses have been reduced to just 33.33% ($500 of $1500).

If you inject even more capital, your losses is minimized even more, so you can safely tell people you lost a small x% of your capital.

angel7030 SG

A lot of people also know that a part of the "good" performance is through capital injection.

Someone from another forum mentioned how it works with a simple example:

Assuming you have an initial amount of $1000 and you invest the whole amount into stocks.

At the end of 1 year, you lost 50% to $500.

At this point, you inject capital into your account with another say $1000.

Your account is now $1500.

Voila, your losses have been reduced to just 33.33% ($500 of $1500).

If you inject even more capital, your losses is minimized even more, so you can safely tell people you lost a small x% of your capital.

Well, this is what we call a Going Concern in accounting term

charlize SG

Well, this is what we call a Going Concern in accounting term

Wah steady lah.

Know accounting terms.

deepak.c SG

Wah steady lah.

Know accounting terms.

charlize SG

But ah, I don't think this has anything to do with going concern.

Unless you think the company is going to go kaput.

angel7030 SG

Wah steady lah.

Know accounting terms.

Mai play play hor, me got accounting diploma ok, just used it wrongly

charlize SG

Mai play play hor, me got accounting diploma ok, just used it wrongly

Wah.

Got diploma some more.

Must learn accounting from you next time.

angel7030 SG

But ah, I don't think this has anything to do with going concern.

Unless you think the company is going to go kaput.

company accounting will always look forward than reflecting the loss, in fact nothing is lost when the investment is still holding, most accounting dun reflect the market value and on the investment porfolio it reflects the going concern value and the initial buying price, that is how they get balanced. Until they are sold, the profit and loss will reflect it.

Fantagf SG

Aunty, I notice you like to voice out when botak speaks, why?? you fancy botak indian man ar??

hi, bargirl, pros, mamasan, cabaret, u said your niteclub business not doing well, it is better you put your time in good use than come here contribute rubbish.

as a friend dun say i din help u hah, i tried get ppl go your niteclub leh.

angel7030 SG

Wah.

Got diploma some more.

Must learn accounting from you next time.

just that because i hv to take care of this stupid pub i forgo my CPA qualification ok, now me cashier only. But anyway, we do have external audit and I need to know some of it, so, dad sent me for nite classes at SIM lor. But instead of learning hard, i mix up with alots of bfs.

Fantagf SG

one of the books I use for tuition, the price has already factored in 5%, 7%, 9% and 10% GST printed at the back

so we can more or less confirm the next increment

angel7030 SG

hi, bargirl, pros, mamasan, cabaret, u said your niteclub business not doing well, it is better you put your time in good use than come here contribute rubbish.

as a friend dun say i din help u hah, i tried get ppl go your niteclub leh.

ya lah ya lah, u very good lah, next time come, i give you drink free lah, anyway, my niteclub is not so bad, it got a western oriental atmosphere and we are not charging so high like orchard, arab street, boat and clark quays or tanjong pagar pubs. And our gals are licensed with market price. Instead of per kg, we charge per hour

In fact i help alots of Uncles to stress relieve abit, if not, who help them?? govt ar??

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