Temasek must stop misleading Singaporeans
Ho Ching was appointed Executive Director (= CEO) of Temasek in May 2002. For more than a decade, Ho has been credited with Temasek’s unverifiable and unbelievable performance. Attempting to credit Ho in 2013, Temasek claimed that newer investments made after March 2003 achieved 10-year annualised returns of up to 20%. (take...
GIC needs a miracle for investments like Nirlon
Without a miracle, Nirlon will be another loser for GIC. GIC has overpaid massively for Nirlon, ie the potential for gains has been wiped out after paying a 400% price increase from a year earlier. Dividends over the last 5 years are about 5 rupees. The increase in bottom line does not justify share prices at current levels. Besides...
Sorry Tharman fans, more qualified man of colour available
FT reported that underperforming Credit Suisse CEO (share price has collapsed since he became CEO), Tidjane Thiam, could be a candidate to head the IMF. Facts: the Franco-Ivorian CEO has long been linked with the post as a possible dark horse candidate (No pun intended: he like Tharman are long odds candidates). He has been...
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