Temasek Holdings

TEMASEK HOLDINGS INCREASES NET PORTFOLIO VALUE AS OF MAR 2017

Temasek Holdings has increased its net portfolio value from $242 billion (US$180 billion) to $275 billion (US$197 billion). This means Temasek's Total Shareholder Return is 13.4% this year, a bounce upwards from a 9% decline from a dismal performance last year.

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SMRT LOOKING TO SELL TAXI BUSINESS, WILL STAFF KEEP JOBS?

If even a government owned entity is to be sold to a private-hire operator, does this signal that the private companies running the taxi business are winning the battle? Grab and Uber is surely eating up a big share of the market for SMRT to almost give up now.

Problem now is, SMRT staff are not guaranteed jobs if Grab buys the company, and that is what is holding the deal back, currently. It does seem that SMRT wants to refocus their energy on managing the MRT and LRT lines, and it may be just a matter of time the SMRT taxi business is sold. This cannot be good news to the many SMRT taxi staff.

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DELISTING SMRT IS NOT NATIONALIZATION: MRT WILL STILL NOT RUN AS PUBLIC GOOD

By no stretch of the imagination is this to be interpreted as the government having accepted that rails is a public good that should not be run under a private framework in which the demands of capital has to be met. Having Temasek taking 100% ownership of SMRT will not change that. Besides, Temasek will require a level of returns from SMRT in order to meet its obligations of providing part of the Net Investment Return Contribution to the government's budget.

Most importantly, the nationalization of rolling stocks and signals together with tracks and infrastructure which had always been in state hands, is to enable the objective of introducing competition in providing rail transport service, That is to say SMRT will expect to bid for the operating license in competition with other servicers.

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TEMASEK HOLDINGS MAY BE UNDER-PERFORMING

This is a more in-depth look into Temasek's latest performance after I have peruse Temasek Review 2016. I won't touch on too many details - go to the online version if you need to. It is user friendly, contains lots of information but omitting some critical ones. You will need some financial know how to understand the context.

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HO CHING SAYS SORRY FOR POSTING PICTURE OF MONKEY'S MIDDLE FINGER

After wading into the nuclear war between Prime Minister Lee Hsien Loong and his younger sister, Dr Lee Wei Ling, Ho Ching has decided to pull herself away from the familee feud. This comes possibly after realizing that her posting a photo of a monkey pointing his middle finger is not the best solution to the acrimonious debate between brother and sister over how best to remember their deceased father, former prime minister Lee Kuan Yew.

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IS TEMASEK HOLDINGS GAMBLING WITH S'PORE'S HARDEARNED RESERVES?

Temasek divested a record S$10 billion plus in 19 listed US companies from September to December last year. As at 30 Sep 2015, Temasek had 20 positions worth about US$10.5 billion/S$14 billion. Some of these investments were held for years, others only a few months. At the end of Q4 2015, 19 positions were closed out. These 19 investments were valued at about S$11 billion at the end of Q3.

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TEMASEK HOLDINGS MADE BILLION DOLLAR LOSSES AFTER SELLING NOL SHIPPING

Singapore’s Temasek Holdings made at least a billion dollar losses after selling the national shipping line Neptune Orient Line (NOL) to French conglomerate CMA CGM SA for S$2.26 billion today (Dec 7). In 2004, Temasek Holdings paid for S$2.80 a share raising its shares from 30% to 69%. However, Temasek Holdings sold its 67% of NOL shares at S$1.30 today. Under Temasek Holdings, NOL was running losses up to S$4 billion in the past four years.

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