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S&P Rating of Temasek


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Supersonic

Go watch The Big Short.

Rating agencies and banks are all bs.

They just want to make money and disregard everything else.

Don't trust them but yourself.

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S&P, Moody, Fitch, all same same la ... no $$ no talk ... [sly]

 

i think they also give subprime mortgage AAA rating right? lol

 

Don't worship S&P and their BS ratings too much

 

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Go watch The Big Short.

Rating agencies and banks are all bs.

They just want to make money and disregard everything else.

Don't trust them but yourself.

 

i dont even trust temasick or g!c. temasick ownself check ownself, n so does g!c, which is even better coz it has never published how much it owns, so if there are losses, which confirm have, its anyones guess how much. Accountability to citizens my foot, so we can only hope tat it perpetually makes more than it loses.

Edited by Duckduck
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Nobody likes to be lumped together with an entity seemingly headed for disaster, as such I expect loud, strong protests from the Greeks.

 

Choy, don't jinx the Greeks lah. :D

 

(sorry sho late, just noticed this thread)

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Singapore's Temasek hit by first loss in 7 years!

https://sg.finance.yahoo.com/news/singapores-temasek-hit-first-loss-7-years-080118095.html

 

Singapore state investment giant Temasek Holdings said Thursday its global portfolio suffered its first annual loss since the financial crisis seven years ago as global stock markets were hit by a series of China-linked routs.

Temasek announced that the value of its global assets was Sg$242 billion ($180 billion) by March, down nine percent from last year's record Sg$266 billion.

The sovereign wealth fund said its net profit over the past year plunged 43 percent to Sg$8.0 billion.

Equity markets worldwide were hammered last summer by fears over China's economy as Beijing announced a shock devaluation of its yuan currency.

Another rout followed in January and February as questions were again raised about China's outlook and its leaders' ability to handle a long-running growth slowdown.

Both events wiped trillions off valuations worldwide.

Temasek said in its annual report Thursday that the outlook was still tough with the US economy heading for a modest growth path while China continues to see slowing expansion.

Europe's growth outlook has been dented by Britain's surprise vote last month to leave the European Union, it said.

"The external environment will remain quite challenging for Singapore given its intimate links to global trade and demand," Temasek said in a statement.

"However, Singapore's openness also means exposure to both mature and growth economies, which can provide opportunities for a balanced growth in future."

Temasek -- a strategic investor that tracks long-term performance rather than year-on-year gains -- holds among its portfolio telecoms group SingTel, Singapore Airlines and banking giant China Construction Bank

 

 

 

so, are we expecting more increases besides car park rates, electricity bills, taxes (GSTs, IRAS & others) in days to come?

 

 

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no worry ... coe $100k will solve all problems under the sun

 

 

To get 100k coe, make car loan interest lower, higher LTV ratio and longer repayment period
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Supersonic

I don't like the way this "P&L" is being reported.

 

They like to report only the portfolio value but even if the portfolio value increases, it doesn't necessarily mean that there is any profit as GIC or temasek could have just sucked up more of our CPF money to invest.

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I don't like the way this "P&L" is being reported.

 

They like to report only the portfolio value but even if the portfolio value increases, it doesn't necessarily mean that there is any profit as GIC or temasek could have just sucked up more of our CPF money to invest.

 

Exactly - Temasek could have "borrowed" more of our money to enlarge (in this case, shrink) the portfolio.  Which would mean each individual investment would be worse than MINUS 9% on average.

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Hypersonic

Singapore's Temasek hit by first loss in 7 years!

https://sg.finance.yahoo.com/news/singapores-temasek-hit-first-loss-7-years-080118095.html

 

Singapore state investment giant Temasek Holdings said Thursday its global portfolio suffered its first annual loss since the financial crisis seven years ago as global stock markets were hit by a series of China-linked routs.

Temasek announced that the value of its global assets was Sg$242 billion ($180 billion) by March, down nine percent from last year's record Sg$266 billion.

The sovereign wealth fund said its net profit over the past year plunged 43 percent to Sg$8.0 billion.

Equity markets worldwide were hammered last summer by fears over China's economy as Beijing announced a shock devaluation of its yuan currency.

Another rout followed in January and February as questions were again raised about China's outlook and its leaders' ability to handle a long-running growth slowdown.

Both events wiped trillions off valuations worldwide.

Temasek said in its annual report Thursday that the outlook was still tough with the US economy heading for a modest growth path while China continues to see slowing expansion.

Europe's growth outlook has been dented by Britain's surprise vote last month to leave the European Union, it said.

"The external environment will remain quite challenging for Singapore given its intimate links to global trade and demand," Temasek said in a statement.

"However, Singapore's openness also means exposure to both mature and growth economies, which can provide opportunities for a balanced growth in future."

Temasek -- a strategic investor that tracks long-term performance rather than year-on-year gains -- holds among its portfolio telecoms group SingTel, Singapore Airlines and banking giant China Construction Bank

 

 

 

so, are we expecting more increases besides car park rates, electricity bills, taxes (GSTs, IRAS & others) in days to come?

 

 

 

Expecting increases in everything in days to come ... yup...

Maybe also increase in income tax, and increase in the age withdrawal of cpf ?! ...

 

Scary ... but hope the above don't materialize ..

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(edited)

hope is futile

can see pattern more than badminton is coming out 1-by-1 .... next gst 10%? [sly]

 

Expecting increases in everything in days to come ... yup...

Maybe also increase in income tax, and increase in the age withdrawal of cpf ?! ...

 

Scary ... but hope the above don't materialize ..

Edited by Wt_know
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Moderator

hope is futile

can see pattern more than badminton is coming out 1-by-1 .... next gst 10%? [sly]

 

 

 

eh you very small thinker

 

 

Aldy say long term is 13% GST....chey... :grin:

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Twincharged

To get 100k coe, make car loan interest lower, higher LTV ratio and longer repayment period

Reduce Coe to 7 yrs but loan tenure can be 10 yrs

 

Ltv up to 120% so buyer can have spare cash to pay for pps, mods and accessories

 

 

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Supersonic

Reduce Coe to 7 yrs but loan tenure can be 10 yrs

 

Ltv up to 120% so buyer can have spare cash to pay for pps, mods and accessories

 

 

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Twincharged

How come you are not MOT yet?

 

 

You can bet on it!

I applied after LTY stepped down

But PSD rejected cos I was not first class Hon in MIT

 

But they did say I have pretty good ideas

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