Serious Lim Boon Heng admits Temasek lost Billions

[KuanTi01]

What a sissy ! So emotional and unstable and still a leader!

 

[SalahParking]

I have already estimated the losses between 100 to 200 billion.

 

[SalahParking]

Temasek to release annual report in September instead of July amid Covid-19

 

[CharKuayTeow]

Temasek to release annual report in September instead of July amid Covid-19

Conveniently after the election.

 

[mahjongking]

since we talk about crying......here goes another rich man crying

 

[Charlie99]

It's just a paper loss. Ho Ching is an astute investor and she is in it for the long term.

I hope that you are right. I speculate that the losses plus the compensation for the top ten executives at Temasek Holdings may prove you wrong

 

[syed putra]

Whatever they bought is still there. Its just that the value have depreciated.

 

[Leckmichamarsch]

CPF seems more and more distant

it is now BLACKHOLE ALA HO CHING!!

 

[Leckmichamarsch]

Whatever they bought is still there. Its just that the value have depreciated.

YOUR BUTOH STILL THERE BUT CAN ONLY BE EXCITED BY CAMEL CUNT OR ANUS......STILL THERE

 

[birdie69]

Temasek shareholdings fall US$23.5b in 3 months
MAR 24, 2020 04:21 PM
[SINGAPORE] Temasek Holdings Pte's biggest equity shareholdings and those of its subsidiaries have plunged almost US$24 billion since January as the spreading coronavirus sends markets into spasms.
Singapore's state investor owns or controls multibillion-dollar stakes in companies that straddle the world, from Chinese e-commerce giant Alibaba Group Holding to Singapore Airlines. A Bloomberg analysis of the top 12 holdings of Temasek and companies it controls as at March 20 shows a decline in market value of around one-third.
The plunge comes at a critical time for Singapore, whose financial strength is partly linked to Temasek, sovereign wealth fund GIC and the Monetary Authority of Singapore. The government uses a formula that includes the expected long-term returns of all three entities to calculate the net investment return contribution, which helps fund the budget each year. In fiscal 2020, that contribution is expected to be S$18.6 billion.
Singapore's President Halimah Yacob said earlier this month that the city-state must consider tapping past reserves to help its people and businesses that are "bleeding" from the impact of the virus.

Asked about the likely decline in value of Temasek's portfolio due to the Covid-19 outbreak, Temasek Holdings chairman Lim Boon Heng, speaking on the sidelines of a community event last Tuesday, said that the most important priority was to weather the crisis.
"It's pretty obvious with the way stock markets are behaving recently that we should expect the returns to be down," he said. "But now is not the time to think about whether you've made a loss or not. Now is the time to see how we can all get rid of this virus."
A spokesman for Temasek declined to comment further.
Temasek's top 12 equity holdings by market value were worth a combined US$73.8 billion on Jan 2 but had fallen to US$50.3 billion as at March 20. This includes shares in which the firm is deemed to have beneficial interest, such as Thai mobile phone operator Advanced Info Service, which is part-owned by Temasek subsidiary Singapore Telecommunications (Singtel).
The nation's benchmark Straits Times Index slumped 7.4 per cent on Monday.
Singtel is the biggest source of the decline, with Temasek's majority stake in the business slumping US$7.4 billion. Next is South-east Asia's biggest bank, DBS Group Holdings, down US$5.3 billion. Temasek's interest in Singapore Airlines, which on Monday slashed capacity by 96 per cent amid the escalating outbreak, has declined US$1.7 billion.
With equity markets swooning and oil prices taking a hit, Temasek is far from the only one suffering. While state funds are arguably better positioned than most to ride out bouts of volatility because they take a long-term view, when their reserves are required, there can be significant consequences.
NOT ALL DOOM
Norway, for example, looks set to withdraw a record US$13 billion from its giant sovereign wealth fund to help pay for the historic stimulus measures being unveiled to combat the virus impact. Globally, state funds control some of the biggest pools of investments with the 10 largest overseeing US$5.8 trillion, data from the Sovereign Wealth Fund Institute shows.
The slide in share values this quarter is also a disappointing end to what was shaping up to be a reasonable year for Temasek, even despite the US-China trade war. In January, Temasek International chief executive officer Dilhan Pillay said the firm's portfolio value was up by about 3 per cent. It's Mr Pillay's first year at the helm.
Temasek had a net portfolio value of S$313 billion as at March 31, 2019, up 1.6 per cent from the year prior.
That's not to say the decline in public equities spells outright doom for Temasek. About 42 per cent of its assets as of March 31, 2019 were not publicly listed and are therefore less affected by volatile stock markets. Temasek is due to release its annual report for the year ended March 31, 2020 in a few months.
Temasek last month announced a company-wide wage freeze and voluntary pay cuts for senior management in part to help fund community programmes aimed at alleviating the impact of Covid-19.
BLOOMBERG

Why Lim Boon Heng still in Temasek, he should be sacked without any delay

 

[SalahParking]

Temasek does not need to consolidate P&L..they are fund managers, just have Assets Under Mgt and total portfolio return..all mark to market and fair value ...what is so difficult, why delay?

 

[laksaboy]

What a sissy ! So emotional and unstable and still a leader!

Show your feminine side, you will win the female voters over.

 

[batman1]

How much is he paid as chairman of Temasick ? What really is his job besides crying ?

 

[mojito]

Paper loss. No scare.

 

[SalahParking]

Temasek link companies going bankrupt. Sembcorp Marine, Hyflux, Keppel, SIA,...etc

 

[SalahParking]

Money laundering is to keep the money away from the hands of where it came from.

 

[spotter542]

Buy high sell low to ensure kickbacks goes to their pockets
Not their hard earned money anyways , no need heart pain

 

[LaoTze]

Buy high sell low to ensure kickbacks goes to their pockets
Not their hard earned money anyways , no need heart pain

NONE OF THE FUCKING MAGGOTS MAGGOTESS TO BE TRUSTED
THEY SHOWN US ALL TIME AND TIME AND TIME AGAIN THAT THEY TELL LIES AFTER LIES AFTER LIES


VOTE THEM ALL OUT AND INVESTIGATE HOW MANY MILLIONS AND BILLIONS THAT THEY ALL STOLE FROM ALL OF US



VOTE THEM ALL OUT AND INVESTIGATE HOW MANY MILLIONS AND BILLIONS THAT THEY ALL STOLE FROM ALL OF US



VOTE THEM ALL OUT AND INVESTIGATE HOW MANY MILLIONS AND BILLIONS THAT THEY ALL STOLE FROM ALL OF US





FUCKING PAP TELLING LIES AFTER LIES AFTER LIES.
YOU SEEN HOW THEY LIED AND LIED THAT THE TEST COST $200?

Let me give you share some general knowledge.

My Sg, Korean and US partners have a collaborative JV which sources PCR and Antibody rapid test kits from Korea to supply US demand. PCR tests are lab administered, more accurate and cost twice as much as the ATB version.

PCR kits cost Usd25 for a box of 20 tests. Atb test kits cost Usd15. There are certain accessories that can add another Usd3 to the kits (Lancets, cotton swabs and dropper or a pipette)

To charge Sgd200 per test for one that costs say Sgd2 + labour say at Sgd10 per test,is just daylight robbery.
Go figure!!!

OTHER THEN PAP LIED AND LIED AND LIED




You got faith in maggots supplied numbers?
You got faith in those fucking maggots?


Diamond Princess 70% got infected
France aircraft carrier 50% got infected
USS Roosevelt 20% got infected, and only because the captain bravely sacrificed himself to save his men and women and got all off the carrier

Fucking FWs packed 5 to 6 times worse than carriers worse than Diamond Princess packed 20 to a tiny room and double decker beds only 41216 kenna?

Over a million FWs, but let us say just a million only

Infection rate of 4.1216 % only?

LANGJEOW!

AT LEAST 20%

OR AT LEAST 200,000 KENNA AND NOT 41216 . ONLY
THEY LIED TO US SO MANY TIMES BEFORE.
THEY STILL TELLING LIES TO US NOW

LET THEM GATHER
MORE KENNA WUHANDED THE MORE LIKELY THAT GET BACK TO MAGGOTS MAGGOTESS IN WHITE AND THEIR ENTIRE FAMILIES
AND THEIR KANGAROOS AND PAPER GENERALS AND CRONIES AND BROWN NOSERS
ALL HUM KAR CHAN

MAGGOTS MAGGOTESS AND THEIR CRONIES AND PAPER GENERALS AND SONS AND DAUGHTERS WILL ALSO DIE
MAY THEY ALL DIE BEFORE US , OR WITH US
AND STINKAPORE WILL BECOME SINGAPORE ONCE AGAIN


SPREAD WIDELY
UNTIL IT GET TO THE MAIDS AND SONS AND DAUGHTERS AND STAFF OF MAGGOTS MAGGOTESS IN WHITE
UNTIL ALL THOSE OLD MAGGOTS MAGGOTESS KENA WUHANDED
AND TOGETHER WITH YOUNG MAGGOTS MAGGOTESS AND ALL IN THE FUCKING PA AND KANGAROOS AND POODLES
WUHAN WILL DELIVER US ALL FROM THE FUCKING MAGGOTS MAGGOTESS IN WHITE FINALLY
MAGGOTS MAGGOTESS KANGAROOS CANNOT FIX WUHAN THE WAY THEY CAN FIX ELECTED PRESIDENT AND OTHER SHIT THINGS THAT THEY CAN FIX
WUHAN WILL FIX THEM INSTEAD

 

[steffychun]

Tin PPei Ling dont care

 

[mahjongking]

you vote for pinky means you want to get shot in the foot for another 5 years
he will fix you up properly for spending his 100 billions