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...

play_n_play SG

this investment should be correct... i think Cool

walesa SG

What bollocks are you on about? As a matter of fact, you don't need any money to prevent speculative attacks on your currency - just take a look at how the North Korean won is safeguarded from speculation! Mr. Green

walesa SG

If your theory held true, staff in the banking industries should still be, by and large, disproportionately American... Cool

walesa SG

On a sidenote, how is the GIC’s investment in UBS any better (or different) than Temasek’s desperately ill-advised bid for Barclays just prior to the latter’s bid for ABN Amro fell through?

Gazelle SG

If you dont intend and need to cash out your investment, there is really no need to worry about that. Companies like UBS and Barclays are very well run companies and they will be able to ride out the storm.

As Warren Buffet said, when he buy into the company, he would like to hold on to it forever and his company's result speaks for itself.

Daddy!! SG

americans are in every country's banking district.

walesa SG

You could well pay way over the market rate for something and hold it "long term" - how does that render it a good investment? Or does simple logic escape the comprehension of someone desperately incoherent?

walesa SG

Have you got a brain? Is the stakeholding-to-staff ratio disproportionately American or is the staff presence increasingly global?

So how does the regime's investment arm buying into UBS enable "your children could go and work in the other parts of the world with their heads high and not being discriminated against etc"? Rolling Eyes

AndrewPKYap SG

I think a chimpanzee can do better if whatever the monkey does is correct as long as the phrase "long term" is attached to it...

... what we have here is a bunch of chimpanzees supporting the big gorilla...

deathbait SG

I find it highly paradoxical that Andrew claims to be a long term investor, but does not understand what long term means.

lionnoisy SG

1.Then,why i always see Indians interviewed by CNA?

Guys,There are many many Indians in banking industry.

Look at out new Finance Minister,ha ha.

They are really good at maths...

check who are the heads of departments of major foreign banks
then u know...

Gazelle SG

When Temasek and GIC make such a huge investment, you can rest assure that they would have seek investment banks to do countless round of valuation on their investment before making the plunge.

If you want to comment or criticise their overall investment strategy, please use quantifiable facts to support your argument, not words like "Could"

TS Kan SG

Singapore's open economy does not allow us the luxury that North Korea has! Also, as that 'silly' Habbibie chap had said, much to his regret later, we are just 'a tiny Red Dot'. Anyway, I don't think North Korea is an example Singapore should emulate.

TS Kan SG

Yup! Laughing

walesa SG

My response was directed at the senseless drivel from that infamous drone - it's not supposed to make sense in any tangible sense imaginable. Have a sense of humour... Wink

walesa SG

Qunaitifiable facts? You can't even espouse any logic that is remotely sensible.

It's probably idiots like you running those state agencies that churn out the record-losses you seem oblivious to. Oh, you might wish to know even investment banks are liable to erroneous judgements - just check what happened to Stan O'Neal if you need any reference for your limited intellect...

Gazelle SG

You are very typical of what an armchair critics would usually do and you are no difference to football fans who speaks like they can replace Alex Ferguson after MU lose a match.

TS Kan SG

Laughing Question

googoomuck SG

Originally posted by AndrewPKYap:

Can you believe this crapzz..... they take Singaporeans money... raise GST, ERP and what nots and say that they have no money to take care of the aged but they can lose [b]5.57% of tens of billions of dollars in just one day...

... bloody despots....[/b]

Nevermind. Time for cash rich Temasick to pump in 10B to save the day.

walesa SG

It sure beats being an idiot who espouses illogical theories along the lines of any investment being worthwhile so long as it's long term...

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