GIC invests $14 billion in Swiss bank UBS

last SG · 2007-12-12T22:13:51+00:00

i'm thinking of buying some UBS shares, what do u folks think?I asked for advice at www.secondopinion.asia and was told they do not advise on specific stocks...

Spartans SG

By calling others hopeless losers, you are no better as well. Dun act like some mature and knowledgable wise man when you are not.

Daddy!! SG

Merrill May Get Cash Infusion From Singapore Fund

Friday December 21, 10:06 am ET
By Tim Paradis, AP Business Writer
Stocks Jump on Report That Merrill May Get Cash Infusion From Singapore Fund

NEW YORK (AP) --
Adding to investors' upbeat mood, The Wall Street Journal reported that Merrill Lynch & Co., facing hefty writedowns due to losing bets on subprime mortgages, may get a capital infusion of as much as $5 billion. The money is expected to come from Singapore state-owned investment agency Temasek Holdings Pte. Ltd., a fund that in late July said it would buy a 1.77 percent stake in Barclays PLC for $2 billion.

Sovereign funds have been providing troubled U.S. and European banks with much-needed cash. Over the past month, the Abu Dhabi Investment Authority bought a stake in Citigroup Inc. for $7.5 billion; the Government of Singapore Investment Corp. invested $9.75 billion in UBS AG; and this week China Investment Corp. paid $5 billion for a stake in Morgan Stanley.

eagle SG

If it is old threads you are concerned about, let me assure you that it is just one particular forumer who likes to start that, in addition to a liking of making a photocopy of previous posts to either bury certain questions deep within the thread or to make himself a nuisance. And of course, when your credibility is being questioned, you would defend yourself, wouldn't you?

CX SG

No... certainly not a "diversity-embracing, magnanimous gentleman" if it means that I have to accept your senseless drivel as "meritorious free speech".

And don't get me wrong... I certainly recognize your right to articulate such senseless drivel. I am simply telling u how I feel about it. Free speech yah?

CX SG

I am concerned about the quality of discussions in this forum as a whole.

Its worrying when pple stop discussing issues and start discussing "street creds"... This is a FORUM for goodness sake!

What are u pple? Concerned citizens talking up a storm? Or kids engaged in a pissing contest?

Free speech is not about who wins! Its about what gets said! And you bunch are not saying much...

eagle SG

Well, I would like to see you engage in a conversation with Gazelle

CX SG

Laughing its always frustrating when pple are talking over each other's heads and strong words are exchanged.

Anyway, back to the point: GIC may not get to invest in UBS as the deal is still subject to approvals and some of their shareholders do not like the deal.

It could be a case where SWF are still viewed with suspicions and where its money is still not welcomed.

TS Kan SG

Surely GIC must have had the credible assurance from UBS that the deal will go thro' notwithstanding the fact it is subject to shareholders' approval before GIC signed on the dotted line ...... not like us to go in with our 'pants down' and nothing to show for later.[/b][/i]

walesa SG

I wouldn't want to get a bigot wrong - I can't possibly get you wrong, can I? After all, what could possibly become of mindless harp? Laughing

CX SG

Originally posted by TS Kan:

Surely GIC must have had the credible assurance from UBS that the deal will go thro' notwithstanding the fact it is subject to shareholders' approval before GIC signed on the dotted line ...... not like us to go in with our 'pants down' and nothing to show for later.[/i][/b]

I think the international press hasn't been extremely accurate in its reporting...

The "deal" should be more accurately reported as UBS had "approached" GIC with a preposition and GIC had expressed positive interest, subject to the approval of UBS shareholders...

The press may have jumped the gun a bit or treated it as a fait accompli, which isn't really wrong because the odds are that it must go forward... The reason why UBS chose the SWF route is simple: no one else has that kind of money to invest in this current situation.

As of now, I don't think GIC has signed anything yet... The $$$ is still in GIC's bank accounts.

CX SG

Mindless harp could degenerate into *gasp* walesa!!!

Come now... There are more meaningful things to talk about than to trade insults all day. Rolling Eyes

Some of us have strong views and it would reflect well on all of us if we could articulate them without making overly personal remarks about each other.

Me bad on the "hopeless loser" remark. So maybe we can all grow up instead of trading insults every time a new thread pops up.

U can almost predict the outcomes... Andrew makes a comment, Gazelle rebuts, Deathbait joins the slugfest, Walesa throws himself into the ring, Eagle flips the bird and joins the fun and VOILA! We have a complete SG-Forums Speaker's Corner discussion Exclamation

Meaningless right Question

walesa SG

Trade insults? It's just an avenue for freedom of expression, ain't it? Laughing

So what are you doing sticking up your thoughts here if you regard the stuff traded here to be to your utter disdain? It'd be a lot more meaningful if you looked elsewhere and not engage with "losers" if you reckon this to be meaningless... Mr. Green

CX SG

Its a selfish mode of "freedom of expression" because u express and gratify yourself at the expense of others.

Hence, u are no longer encouraging or facilitating communication but oppressing it.

True freedom of expression is not a matter of "anything goes". It is a system of open-mindedness and trust, that the other person will accept your right to say certain things even if he or she does not agree with u.

I am here because I do regard some of the views traded to be meaningful but I am sickened because it has a tendency to degenerate into trolling, flaming and insults after 1 day or so.

We can all do much better than this...

And I view the reasons for my presence here to be well... MY reasons and my choices. Whether I look elsewhere or participate in forums elsewhere is none of your business.

walesa SG

Who determines if any given mode of "freedom of expression" is selfish? You? I suppose you were encouraging and facilitating communication by labelling others "losers" eh? Laughing

It's none of your business how I express my right to the freedom of expression. If you can't live with it, tough... Cool

CX SG

sigh sigh... u hear but u do not listen...

it is indeed none of my business. in the same way, my views here are also none of yours if u choose not to accept them.

however, i respect your right to articulate them. you however, seem too eager to shut other pple up.

protonhybrid SG

it’s not a bad move imho. swiss banks and UBS specially good banks. i dont think it’s an unwise move.

CX SG

that makes u and a good proportion of pple who are able to see things logically... of course, there're strange pple who'll tell u their prices now are crap and the govt is "misusing" public money and all but yah... it sounds like a good deal for long term investment to me too...

walesa SG

What business is it of yours if I listen or "seem too eager to shut people up"? Laughing

You'd be better off sorting out your own life for a start given your dubious propensity for hypocrisy...

walesa SG

With the greatest respect, what constitutes a good bank? And what's your criteria that determines if an investment's worthwhile?

eagle SG

For me, easy criteria

Good bank = bank that earns money, strong reserves (liquid cash and assets), prove track record of making worthy investments and won't collapse easily in the very long run. In short, money go in will be able to come out can liao.

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