Did Temasek lose $1.6 billion in Tanzanian investment?
In November 2013, Temasek (through newly set up Pavilion Energy) bought a 20% interest in Tanzanian Blocks 1,3 and 4 from Ophir Energy. (“Ophir in $1.3 bln deal with Temasek unit for Tanzania gas“) In August 2014, Ophir reported a US339.1 million after-tax profit reflecting “the gain on sale of a 20 per cent interest...
Why abandon a strategic national asset?
I received this email from a friend, who has not invested in Hyflux. Hi Kin Lian. Hyflux was once a "national strategic asset" strongly encouraged by authorities to "sink" their precious savings including CPF. It is now "abandoned" by same PAP "elitist" team. I am fascinated by what Indonesian tycoons saw in Hyflux with their...
Hyflux: Details of $1.165bn debt securities
Ignore the last column because these were indicative prices from DBS Securities, sometime last year. Borrowed graphic from BT. My comment Hyflux reflects the old broker’s truism that high yields and good news do not go together. Hyflux is warning of investing in high dividend yield stocks also applies to buyers of junk debt...
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