Temasek Holdings

last SG · 2004-02-14T13:59:30+00:00

For all you know, we could all be under surveillance right now. Haha..

[ Neo ] SG

Seriously, this one has got to be my favourite Speaker's Corner thread.

Cos I literally just went into dumb mode and stared motionlessly at the position and shareownerships in one of the links posted above.

Atobe SG

Welcome to the Real World, [Neo]

Many Singaporeans have been living in the Virtual World developed by the Ruling Party, using all the Government agencies at its disposal.

Hopefully, and slowly, the Awakening will spread - in the understanding of the methods employed by the Ruling Party to perpetuate their monopolistic dominance on local politics.

Atobe SG

Extract from the pages of 'sammyboy' -

Politics and Government - Oops! Ho Ching did it again!

From: Kaya Roti (CORRELATOR) Jan-29 10:49 am
To: ALL (1 of 10) 2021.1

Ho Ching the Housewife, who knows what colour a shirt is better, has made she first major purchase since she took over Temasek Holdings, and guess what she brought? A FOOD SUPPLIER... Wise move Auntie! All the years training as housewife has paid off, with her immense knowledge of the current wet market and her exceptional bargaining skills with vegetable sellers, it has provided her with the field experience to tackle even the most difficult grocercy list, this time it can't go wrong!

$45 million will buy you this:
http://www.olamnet.com/

Let's hope cashew nuts is a more reliable bet than computer harddrive. ;-P~

Thread in Sammyboy
http://forums.delphiforums.com/sammyboymod/messages?msg=40765.1

http://straitstimes.asia1.com.sg/money/story/0,4386,232107,00.html?

Temasek owns 7.5% of food firm Olam
By Lee Su Shyan

TEMASEK Holdings has picked up a 7.5-per-cent stake in global supplier of food ingredients Olam International, it emerged yesterday.

Moving from farm gate to factory gate. Olam is a supply chain manager, says Mr Verghese.

The Singapore investment company and two other investors - World Bank's private sector arm International Finance Corporation and Hong Kong-based AIF Fund Management - have jointly invested US$45 million (S$76.7 million), Olam said.

Olam, which has been headquartered here since 1996, was silent on the individual amount of funding by the three investors.

Its other key shareholders include the Kelwaram Chanrai Group of Indian origin and more than 100 senior company managers.

The company - whose name means 'world' and 'universe' in Hebrew - sources commodities such as coffee, cocoa and cashew nuts and supplies them to big brands including Nestle, Mars and Sara Lee.

When contacted, a Temasek spokesman said: 'We view the company as having good growth potential in the global arena. In our opinion, Olam is a company with strong management and a good business model in supply chain management.'

She added: 'We are a financial investor in Olam, and will aim to be a proactive shareholder to maximise the returns on our investment in the company.'

Olam expects to make around $2.3 billion in revenue and about $42 million in profit this year, its group managing director and chief executive Sunny Verghese said in an interview.

He said that around US$11 million from the latest round of investment will go towards supporting 'capital investment programmes such as coffee and cocoa processing in the various countries where we operate'.

Other amounts to be spent over the next three years include supporting expansion plans in four large markets: Brazil, Russia, China and India.

Olam started off in 1989 in Nigeria by exporting raw cashew nuts.

Now, it is a global leader in 12 product groups, operates in 36 countries and employs over 2,000 people.

Mr Verghese said that 'we see ourselves as supply chain managers by being at the farm gate and delivering the products to the factory gate of our customers'.

There are a few ways that Olam adds value to its services, such as by supplying customised product grades.

Besides expanding geographically, Mr Verghese said the company will also expand its range of products.

Down the road, Olam may seek a public listing, he said.

http://forums.delphiforums.com/sammyboymod/messages?msg=40765.1

[ Neo ] SG

Well... Life is a learning process.

A long and tedious one that is..

Now that we've found the 'Morpheus' in this Matrix, I do wonder when the Oracle and the Architect's gonna show up next..

pikamaster SG

hehe, wad "killer company" do you head?

pikamaster SG

i do remember Morpheus was on the good side... like Neo. So i dun think Temasek can be considered "Morpheus".

the pikamaster

Atobe SG

Another TEMASEK adventure overseas, paying 'S$43.7 million for an increase of only 0.56% - (from 6.72 per cent to 7.28 per cent) - in its stake in India's second-largest lender ICICI Bank -

Temasek raises stake in ICICI Bank
By Edna Koh

JUST a few days after Temasek Holdings declared a new thrust that will see it put more money outside Singapore and into promising Asian companies, the Republic's investment company is storming ahead with its new strategy.

Temasek disclosed yesterday that it had paid 1.15 billion rupees (S$43.7 million) last week to increase its stake in India's second-largest lender ICICI Bank, from 6.72 per cent to 7.28 per cent.

Debt markets news service Basis Point also reported that Temasek is planning a bond issue of as much as US$3 billion (S$5 billion) as early as the second quarter - perhaps to fund its overseas acquisitions.

Temasek is expected to send requests for proposals to investment banks towards the end of the month. DBS Bank, Deutsche Bank, Merrill Lynch, Morgan Stanley and UBS Warburg are among those expected to be invited to pitch for the deal, said Basis Point.

When contacted, Temasek spokesman Eva Ho said that while the investment company was considering a bond issue, no decisions had been made.

'It is therefore too early for us to talk about the details, and the information in the Basis Point report is pure market speculation.'

She also confirmed that Temasek had not yet appointed a credit rating agency for a credit rating.

Still, a credit rating can be obtained fairly quickly - with Standard & Poor's (S&P) able to come out with one within a month of meeting the company's management and getting information about its business and plans.

'It could be faster if information is forthcoming,' said S&P director of corporate and infrastructure ratings Gregory Pau.

A credit rating will most likely precede a global bond issue because that will make the debt easier to sell in developed markets like the United States and Europe, say industry watchers.

Though Temasek has said it is not in need of funding, bankers say it could be keen to tap the market soon because interest rates can only go up from here.

While the US Federal Reserve may not raise rates in a presidential election year, 'we are clearly at the bottom of the interest rate cycle. It makes sense to go to the market earlier than later', said one banker.

Straits Times 17 Feb 2004 - carried in Myanmar
http://straitstimes.asia1.com.sg/money/story/0,4386,235646,00.html?

ICICI Website
http://www.icici.com/#

ICICI Audited Financial Results for Half-Year ending Sep 2003
http://www.icici.com/pfsuser/aboutus/resultsann/audfinan_halfyr.pdf

Following was a Press Release from the Reserve Bank of India - to calm public fears in India concerning the financial health of ICICI:

ICICI Bank has no liquidity woes: RBI

April 12, 2003 13:22 IST

The Reserve Bank of India said on Saturday the financial health of ICICI Bank was sound, in a bid to calm depositors following rumours that the country's second largest commercial bank was hit by liquidity problems due to stock market losses.

Media reports in Gujarat on Friday said ICICI Bank had lost money in a recent stock market fall and was facing liquidity problems, triggering a rush among its depositors that continued into its second day on Saturday.

"It is clarified that the ICICI Bank has sufficient liquidity including in its current account with the RBI, to meet the requirements of its depositors," a statement from the central bank said.

"RBI has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at the branches and automated teller machines. The bank's financial position is also sound."

The benchmark 30-issue Bombay Stock Exchange nearly 4.6 per cent in the past two days after bellwether Infosys Technologies kicked off India's earnings season on Thursday with a dismal outlook.

"These are baseless rumours and there is no truth in this," Kalpana Morparia, executive director at the New York Stock Exchange-listed bank, said.

She estimated that around Rs 60 million might have been withdrawn from the bank's ATMs in Gujarat on Friday.

Shares of ICICI Bank, with assets of almost Rs 1 trillion and behind only to the state-run State Bank of India, ended 2.13 per cent lower on Friday at Rs 130.80.

http://www.rediff.com/money/2003/apr/12icici1.htm

Atobe SG

Another foray by Temasek, another expense from Public Funds of US$765.8 Million to purchase 165 Million shares in Telekom Malaysia.

This is at a price of about US$4.64 PER SHARE, when the shares of Singapore Telecoms is last traded in SGX at S$2.35 or US$1.38 PER SHARE.

Did we overpay with our Public Funds at such a high premium paid for an over valued share in Telekom Malaysia ?

Telekom Malaysia
Paid Up Capital: RM3.120 Billion, or S$1.367 Billion, or US$804 Million.

While Operating Revenue increased by 1.7% in 2002 to RM9.83 Billion (from RM9.67 Billion in 2001), it reported that Profit before Tax in 2002 was RM1,056.3Million - a drop of 41.7% (RM755.6 Million) from 2001 profit of RM1,811.9Million.

SingTel Group
Profit Before Tax for 2003 was reported to be S$1,6881 Million over Operating Revenue for 2003 at S$10.26 Billion.

SingTel Annual Report
http://home.singtel.com/investor_relations/annual_reports/default.asp#

Source Capital Structure of Telekom Malaysia
http://www.telekom.com.my/telekomhtml/general/about_shareholding.php

Telekom Malaysia - Annual Report
http://www.telekom.com.my/telekomhtml/general/about_annual.php
Part 1
http://www.telekom.com.my/telekomhtml/pdf/annualE2002part1.pdf

Telekom Malaysia Bhd - Case Study - 2001
http://www.unipa.it/~bianchi/eng/Telekom-Malaysia-Case-study.pdf

Temasek buys 5% stake in Telekom Malaysia
KUALA LUMPUR - Malaysia has sold a 5-per-cent stake in its national telephone company, Telekom Malaysia, to Singapore's investment arm, Temasek Holdings.

Khazanah Nasional, the Malaysian government's main investment arm, announced late on Monday that it had sold 300 million shares, or about 9 per cent, of Telekom Malaysia to foreign and local investors.

Of that, 165 million shares went to Temasek Holdings, newspapers reported on Tuesday.

The entire sale, which reduced the Malaysian government's stake to 34 per cent, was valued at RM2.91 billion (US$765.8 million) and was believed to be the biggest placement in Malaysian history.

Temasek is also reportedly interested in buying a 30 per cent stake in the small Alliance Bank Bhd, which is linked to former Malaysian Prime Minister Mahathir Mohamad's one-time finance minister, Mr Daim Zainuddin. -- AP

Atobe SG

Another cash outflow from Singapore's Reserves:

GIC Real Estate and UK firm to launch S$470m property fund
By Dawn Teo, Channel NewsAsia

SINGAPORE : Singapore's GIC Real Estate and UK's Property Fund Management have launched a new 150 million sterling pound, or S$470 million, fund to invest in British industrial real estate.

GIC Real Estate is pumping nearly 50 million pounds into the fund, called the Industrial Investment Partnership.

The rest will come from its partner and revolving credit facility.

The fund, which will focus on buying under-performing industrial estates and properties, has already made firm offers for 20 million pounds worth of acquisitions.

GIC Real Estate says the latest move will help further diversify its portfolio.

This is the first time Property Fund Management is co-investing in one of its funds. - CNA

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/73877/1/.html

relevation SG

Come on SIngaporeans- where are your guts?? For f__K sake- stop being so ..........(!!!!!!!!!)

If you are men- you have 2 balls, if you are women, you also have 2 balls- bigger!

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