Mdm Ho Ching is the smartest human being in the world since Zhuge Kongming. Within a few months with the stock, oil and commodities markets plummeting, she still manages to make S$2,100,000,000 in less than 3 months.
Such genius
FYIR (For Your Information Retards): Temasek paid US$24 a share while Bank Of America paid for ML at US$28 a share)
Temasek in good position after Bank of America's bid for Merrill Lynch
By Ng Baoying, Channel NewsAsia | Posted: 16 September 2008 2149 hrs
SINGAPORE: Temasek Holding's recent investment in Merrill Lynch has put it in a good position to profit from the current financial turmoil.
The Singapore fund is likely to sell its almost 14 per cent stake for shares of Bank of America as part of a deal between Bank of America and Merrill Lynch that was announced on Monday.
Temasek surprised markets when it paid US$48 a share for Merrill Lynch last December, in a deal valued at some US$4.9 billion.
But a special condition attached to the sale saw Temasek increase its stake in the global wealth management company in July. This brought down the overall price it paid to US$24 a share - that is half the original price.
The increase has made Temasek Merrill Lynch's largest shareholder.
Bank of America's US$50b offer for Merrill Lynch values the company's stock at US$29 a share, putting Temasek firmly in the money for the deal.
Unless Temasek strikes a special deal with Bank of America to hang on to its stake, it will end up with Bank of America shares in its portfolio, as part of the all-stock swap.
Temasek could then choose to sell off the shares, although analysts say it is unlikely to happen in the near term due to market volatility.
A stake in Bank of America means Temasek will own part of what will be the largest wealth management business in the world.
Other observers have called the new Bank of America a "global powerhouse of retail banking, brokerage and money management".
But there are risks, and much will depend on whether the share price of Bank of America holds up in the face of continued turmoil. Temasek has said it is premature to comment at this time.
- CNA/ir
Such genius
FYIR (For Your Information Retards): Temasek paid US$24 a share while Bank Of America paid for ML at US$28 a share)
Temasek in good position after Bank of America's bid for Merrill Lynch
By Ng Baoying, Channel NewsAsia | Posted: 16 September 2008 2149 hrs
SINGAPORE: Temasek Holding's recent investment in Merrill Lynch has put it in a good position to profit from the current financial turmoil.
The Singapore fund is likely to sell its almost 14 per cent stake for shares of Bank of America as part of a deal between Bank of America and Merrill Lynch that was announced on Monday.
Temasek surprised markets when it paid US$48 a share for Merrill Lynch last December, in a deal valued at some US$4.9 billion.
But a special condition attached to the sale saw Temasek increase its stake in the global wealth management company in July. This brought down the overall price it paid to US$24 a share - that is half the original price.
The increase has made Temasek Merrill Lynch's largest shareholder.
Bank of America's US$50b offer for Merrill Lynch values the company's stock at US$29 a share, putting Temasek firmly in the money for the deal.
Unless Temasek strikes a special deal with Bank of America to hang on to its stake, it will end up with Bank of America shares in its portfolio, as part of the all-stock swap.
Temasek could then choose to sell off the shares, although analysts say it is unlikely to happen in the near term due to market volatility.
A stake in Bank of America means Temasek will own part of what will be the largest wealth management business in the world.
Other observers have called the new Bank of America a "global powerhouse of retail banking, brokerage and money management".
But there are risks, and much will depend on whether the share price of Bank of America holds up in the face of continued turmoil. Temasek has said it is premature to comment at this time.
- CNA/ir
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This is a long term investment. Why cash out now when the profits will be much bigger later. 
