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Posted: Wed Feb 11, 2009 8:15 pm Post subject: Re: Temasek start w only $665m and earn till $185b???</TD><TD vAlign=top noWrap>
</TD></TR><TR><TD colSpan=2><HR></TD></TR><TR><TD colSpan=2><TABLE cellSpacing=1 cellPadding=3 width="90%" align=center border=0><TBODY><TR><TD>sto wrote:</TD></TR><TR><TD class=quote>Total shareholder return since inception (1974)
18% by market value
17% by shareholder funds
http://www.temasekholdings.com.sg/media_centre_information_factsheet.htm
If annual growth is 18%, in 1974 Temasek should only have $665m to start with, assuming no furhter injection. Is this true?
18% annual growth:
2008 $185,000,000,000
2007 $156,779,661,017
2006 $132,864,119,506
2005 $112,596,711,446
2004 $95,420,941,903
2003 $80,865,205,003
2002 $68,529,834,748
2001 $58,076,131,142
2000 $49,217,060,290
1999 $41,709,373,127
1998 $35,346,926,379
1997 $29,955,022,355
1996 $25,385,612,165
1995 $21,513,230,649
1994 $18,231,551,397
1993 $15,450,467,286
1992 $13,093,616,344
1991 $11,096,285,037
1990 $9,403,631,387
1989 $7,969,179,142
1988 $6,753,541,646
1987 $5,723,340,378
1986 $4,850,288,456
1985 $4,110,413,945
1984 $3,483,401,649
1983 $2,952,035,296
1982 $2,501,724,827
1981 $2,120,105,785
1980 $1,796,699,818
1979 $1,522,626,964
1978 $1,290,361,834
1977 $1,093,526,978
1976 $926,717,778
1975 $785,354,049
1974 $665,554,279</TD></TR></TBODY></TABLE>
NOW this is conflicting, at 18% growth rate for 34 years, u only need $665m capital! But below say garment inject $30b! What logic is that????
Temasek May Pump More Cash into Western Banks
August 22, 2008, 7:09 am E-mail This Print Share
Linkedin Digg Facebook Mixx Yahoo! BuzzPermalink Topics Investment BankingIndustries Financial ServicesSingapore sovereign wealth fund Temasek Holdings, which has pumped billions of dollars into ailing lenders such as Merrill Lynch, said it may invest more in Western banks if the opportunity arose.
The fund also said its assets rose 13 percent in the year to March, despite a sharp drop in equity markets that started in the fourth quarter of last year.
Chairman S. Dhanabalan told Singapore entrepreneurs on Thursday that the fund had taken a five-to-seven-year view on its near-$6 billion investment in Merrill Lynch and described the U.S. broker as an institution with a good management and business.
“If there is an opportunity to invest, we will look at it,” Mr. Dhanabalan said in response to a Reuters question on whether the firm was prepared to put more money into Western lenders.
Sovereign funds from Asia and the Middle East have become more influential in financial markets after investing in Wall Street and European banks hit by losses from U.S. mortgages, though bank stocks have slid this year amid debt writedowns.
“Growing with our blue chip companies and our direct investment activities, Temasek now owns a net portfolio of about 185 billion Singapore dollars ($131 billion) at market value as at end-March,” Mr. Dhanabalan said.
The firm’s assets were worth 164 billion Singapore dollars at end-March 2007.
Mr. Dhanabalan did not explain how Temasek grew its portfolio amid turmoil in financial markets.
For instance, while it correctly called the top of the Chinese market and pared stakes in China Construction Bank and Bank of China last year, the share price of key holdings such as Barclays and Singapore’s DBS Group fell sharply in the 12 months to end-March.
“It was a pretty difficult period in global equity markets for sure. I suppose they were pretty clever,” David Cohen, director of forecasting at Action Economics in Singapore, told Reuters. “Even the Singapore dollar was strong during the period so it wasn’t as if they got a big boost from the currency.”
Temasek will release its 2007-08 annual report on Tuesday.
The Singapore government has injected a little under 30 billion Singapore dollars in assets and cash into Temasek since it was set up in 1974, Mr. Dhanabalan said.
“Our total shareholder return measuring changes in shareholder funds, including dividends paid and excluding new capital, is a healthy 17 percent compounded annually since inception,” he noted.</TD></TR></TBODY></TABLE>
Posted: Wed Feb 11, 2009 8:15 pm Post subject: Re: Temasek start w only $665m and earn till $185b???</TD><TD vAlign=top noWrap>
</TD></TR><TR><TD colSpan=2><HR></TD></TR><TR><TD colSpan=2><TABLE cellSpacing=1 cellPadding=3 width="90%" align=center border=0><TBODY><TR><TD>sto wrote:</TD></TR><TR><TD class=quote>Total shareholder return since inception (1974) 18% by market value
17% by shareholder funds
http://www.temasekholdings.com.sg/media_centre_information_factsheet.htm
If annual growth is 18%, in 1974 Temasek should only have $665m to start with, assuming no furhter injection. Is this true?
18% annual growth:
2008 $185,000,000,000
2007 $156,779,661,017
2006 $132,864,119,506
2005 $112,596,711,446
2004 $95,420,941,903
2003 $80,865,205,003
2002 $68,529,834,748
2001 $58,076,131,142
2000 $49,217,060,290
1999 $41,709,373,127
1998 $35,346,926,379
1997 $29,955,022,355
1996 $25,385,612,165
1995 $21,513,230,649
1994 $18,231,551,397
1993 $15,450,467,286
1992 $13,093,616,344
1991 $11,096,285,037
1990 $9,403,631,387
1989 $7,969,179,142
1988 $6,753,541,646
1987 $5,723,340,378
1986 $4,850,288,456
1985 $4,110,413,945
1984 $3,483,401,649
1983 $2,952,035,296
1982 $2,501,724,827
1981 $2,120,105,785
1980 $1,796,699,818
1979 $1,522,626,964
1978 $1,290,361,834
1977 $1,093,526,978
1976 $926,717,778
1975 $785,354,049
1974 $665,554,279</TD></TR></TBODY></TABLE>
NOW this is conflicting, at 18% growth rate for 34 years, u only need $665m capital! But below say garment inject $30b! What logic is that????
Temasek May Pump More Cash into Western Banks
August 22, 2008, 7:09 am E-mail This Print Share
Linkedin Digg Facebook Mixx Yahoo! BuzzPermalink Topics Investment BankingIndustries Financial ServicesSingapore sovereign wealth fund Temasek Holdings, which has pumped billions of dollars into ailing lenders such as Merrill Lynch, said it may invest more in Western banks if the opportunity arose.
The fund also said its assets rose 13 percent in the year to March, despite a sharp drop in equity markets that started in the fourth quarter of last year.
Chairman S. Dhanabalan told Singapore entrepreneurs on Thursday that the fund had taken a five-to-seven-year view on its near-$6 billion investment in Merrill Lynch and described the U.S. broker as an institution with a good management and business.
“If there is an opportunity to invest, we will look at it,” Mr. Dhanabalan said in response to a Reuters question on whether the firm was prepared to put more money into Western lenders.
Sovereign funds from Asia and the Middle East have become more influential in financial markets after investing in Wall Street and European banks hit by losses from U.S. mortgages, though bank stocks have slid this year amid debt writedowns.
“Growing with our blue chip companies and our direct investment activities, Temasek now owns a net portfolio of about 185 billion Singapore dollars ($131 billion) at market value as at end-March,” Mr. Dhanabalan said.
The firm’s assets were worth 164 billion Singapore dollars at end-March 2007.
Mr. Dhanabalan did not explain how Temasek grew its portfolio amid turmoil in financial markets.
For instance, while it correctly called the top of the Chinese market and pared stakes in China Construction Bank and Bank of China last year, the share price of key holdings such as Barclays and Singapore’s DBS Group fell sharply in the 12 months to end-March.
“It was a pretty difficult period in global equity markets for sure. I suppose they were pretty clever,” David Cohen, director of forecasting at Action Economics in Singapore, told Reuters. “Even the Singapore dollar was strong during the period so it wasn’t as if they got a big boost from the currency.”
Temasek will release its 2007-08 annual report on Tuesday.
The Singapore government has injected a little under 30 billion Singapore dollars in assets and cash into Temasek since it was set up in 1974, Mr. Dhanabalan said.
“Our total shareholder return measuring changes in shareholder funds, including dividends paid and excluding new capital, is a healthy 17 percent compounded annually since inception,” he noted.</TD></TR></TBODY></TABLE>
