Oops, Temasek did it again

[pvtpublic]

Temasek walked into market minefield last quarter with new bets on Chinese education stocks, Didi Global before July slump​

• Singapore’s state investment arm initiated four new positions in Chinese companies, mainly education stocks, plus a stake in Baidu and Didi Global
• These companies suffered among the fiercest sell-offs this year in July when China began probing data security breaches at Didi Global

Published: 11:25am, 17 Aug, 2021

Temasek Holdings walked into a
stock market
minefield in China last quarter by putting more money into several Chinese education and tech-platform stocks and disclosing a big stake in ride-hailing firm Didi Global, before they sank in July amid a regulatory storm.

The Singapore state investment arm initiated four new positions in the depositary shares of Chinese companies – 17 Education & Technology, Baidu, Kanzhun and New Oriental Education Technology – during the three months to June 30, according to its
13F filing
with the US Securities and Exchange Commission (SEC) late on Monday. It disclosed a US$466 million stake in ride-hailing firm Didi Global following its New York listing in June.

These companies suffered among the fiercest sell-offs this year in July when the Cyberspace Administration of China began probing data security breaches at Didi Global within hours of its NY listing on June 30. Education firms also slumped in July, after the Chinese government widened its scrutiny and slammed for-profit after-school tutoring businesses, sending stocks in the sector into a nosedive.

 

[pvtpublic]

GST definitely going up soon. Temasek needs more gambling money from us.

 

[winners]

I think in this case, the blame cannot be fully placed on Temasek because nobody could have anticipated the severe crackdown on these companies by their own fucking Chinese regulators.

 

[red amoeba]

It’s normal for investment to gain and lose. On average TH makes return. HC gold finger is not for stocks it’s for something else. Hence LHL always have a happy look.

 

[laksaboy]

GST definitely going up soon. Temasek needs more gambling money from us.

Don't forget increase in fares, fees, levies, frivolous fines etc.

 

[laksaboy]

Things will get worse in Tiongcock... far far worse.

For those who still believe Tiongcock is still filled with 'opportunities', a land flowing with milk and honey where you can easily huat... those good old days are long gone and won't be coming back. There will be no 'China century'.

Get out while you can, or else start planning how you will commit suicide.

 

[glockman]

I think in this case, the blame cannot be fully placed on Temasek because nobody could have anticipated the severe crackdown on these companies by their own fucking Chinese regulators.

I agree, but she is not called jinx for nothing. Whatever she touches will turn to shit. I swear!

 

[laksaboy]

I think in this case, the blame cannot be fully placed on Temasek because nobody could have anticipated the severe crackdown on these companies by their own fucking Chinese regulators.

Tiong regulators are similar to Sinkie regulators, they answer to the Party. Party tells them to do (or not do) something, they will follow the decree.

This kind of 'regulator' is the proverbial fox guarding the chicken coop... good luck to the twits who still believe in the 'regulation'.

 

[batman1]

Ok lah. We already lost touch how man billions she lost.

 

[LordElrond]

Things will get worse in Tiongcock... far far worse.

For those who still believe Tiongcock is still filled with 'opportunities', a land flowing with milk and honey where you can easily huat... those good old days are long gone and won't be coming back. There will be no 'China century'.

Get out while you can, or else start planning how you will commit suicide.

Here comes the prophecy… again

 

[syed putra]

If temasek had not done this, inflation in sinkie would rise

 

[Datingafter35]

I benefited from their donation so the money has to come from somewhere if not inflation will shoot through the roof and sgd will get devalued like South Africa. US dollar is still valued because of opec and technology and innovation still arises from the Eagle. China is only good at improving at commodities. Even though rockets were created from China.

 

[Loofydralb]

The Whore Jinx does it again! The record is littered with such and its all YOUR money!!!

Buy high sell low is her motto.

 

[Datingafter35]

Yup. Momentum trading. I don't think it applies to huge whale.

 

[pvtpublic]

yes losses are par for the course.

but God dam! temasek's timing is always impeccable. even a monkey couldn't achieve such a consistent rate of buy high sell low

 

[BaeSuzy]

Temasek got holding power. They can hold till the prices go back up. Its not like they are going to get margin called and its not like the stock prices will never go back up

 

[pvtpublic]

I agree, but she is not called jinx for nothing. Whatever she touches will turn to shit. I swear!

her intuition for shit-touching is so precise we should simply do the opposite of her to make big bucks

 

[pvtpublic]

Temasek got holding power. They can hold till the prices go back up. Its not like they are going to get margin called and its not like the stock prices will never go back up

any fool can buy and hold. monkeys could do the same. I'd hold Temasek to a standard higher than "monkey"

 

[pvtpublic]

for those who missed the reference of the thread title...

 

[pvtpublic]

I think in this case, the blame cannot be fully placed on Temasek because nobody could have anticipated the severe crackdown on these companies by their own fucking Chinese regulators.

not blaming, just pointing out their consistency in buying high. facts, not opinion.

the luckin coffee debacle should have taught them something. apparently not.