Temasek Holdings

[opmi]

^^ obscene money made on the land appreciation

[greengiraffe]

http://www.businesstimes.com.sg/premium/...e-20140926

PUBLISHED SEPTEMBER 26, 2014
HOCK LOCK SIEW
Never overlook Temasek's influence
BYKENNETH LIM
kenlim@sph.com.sg @KennethLimBT

PRESIDENT Tony Tan Keng Yam remarked in a speech this week that many Temasek-linked companies became industry champions "in their own right", and without undue help from Temasek or the Singapore government.
While the President correctly attributed those companies' successes chiefly to their own people, it may also be useful to bear in mind that Temasek's presence today is not without weight.
The fact is that having Temasek as a shareholder confers some cachet in the marketplace that can, in some instances, help to strike deals or to access capital. The strength of Temasek's influence today must be recognised, if only to ensure vigilance over whether that power is carefully and correctly used.
Speaking at Temasek's 40th anniversary dinner, Dr Tan noted the meritocratic sensibilities that guided the Singapore government-owned investment company's actions. Temasek was created partly to keep political influence from the government's commercial interests, and continues to observe values of commercial discipline and accountability, he explained. As a result, many Temasek portfolio companies became regional and global leaders.

[opmi]

Champions in SG, nobody outside. With a few exceptions.


Sent from my iPhone using Tapatalk

[greengiraffe]

Singapore’s GIC offers to acquire Scentre’s $1bn NZ assets
THE AUSTRALIAN OCTOBER 09, 2014 12:00AM

Sarah Danckert

Property Reporter
Melbourne
SINGAPORE’s GIC is believed to have submitted an attractive proposal to acquire Scentre’s $1 billion-plus New Zealand portfolio, but it remains to be seen whether the company will take the offer or pursue a float of the ­assets.

Scentre, which owns the Australian and New Zealand shopping malls that were spun out of Westfield this year, is also widely believed to be contemplating spinning off the assets into a new vehicle that will be listed on either the NZ stock exchange or the Australian bourse. There is much speculation on the NZ portfolio with Scentre also tipped to have sounded out UBS and JPMorgan on a potential float.

However, sources said any moves could be scuttled by an offer from GIC for the portfolio.

GIC is believed to have developed a liking for Kiwi commercial property in recent months. It is understood to have bid for Dexus’s Lumley Centre in Auckland, which was sold to German pension fund Deka for $NZ146 million ($130m).

GIC is also believed to have bid for AMP’s $NZ1bn New Zealand portfolio, which included ­office and retail properties, but was outpaced to the asset by Canada’s Public Sector Pension Investment Board.

The Singapore sovereign wealth fund has considerable real estate holdings in Australia, including Sydney’s Chifley Tower and Queen Victoria Building, and a half-share in Melbourne Emporium, which is worth $500m. This year it sold its 8 per cent stake GPT Group for $505m.

Scentre is also rumoured to have considered holding on to the properties as debate within the company continues over whether to sell assets to reduce its gearing level of 37 per cent.

Scentre and GIC declined to comment.

[opmi]

^^ so fast got offer after spinoff...maybe buy already sell to CAPL..
CAPL wanted to be like Westfield when it started its REIT business in early 2000s.

I like Westfield malls

how come GIC never hoot the distressed OZ commercial property when Allco, Centro and Westfield etc was hit by GFC....

[greengiraffe]

http://www.businesstimes.com.sg/companie...tup-square

GIC leads US$150m investment in mobile payments startup Square
By
Jacquelyn Cheokjaccheok@sph.com.sg@JacCheokBT
GICmobile101014.jpg CONTINUING its investing spree for global technology companies, Singapore's sovereign wealth fund GIC is believed to have led a US$150 million venture-capital round in Square, a San Francisco-based mobile payments startup founded by Twitter co-founder Jack Dorsey - PHOTO: BLOOMBERG
10 Oct5:50 AM
Singapore

CONTINUING its investing spree for global technology companies, Singapore's sovereign wealth fund GIC is believed to have led a US$150 million venture-capital round in Square, a San Francisco-based mobile payments startup founded by Twitter co-founder Jack Dorsey.

The

[opmi]

Fullerton AM is subsi of Temasek.

http://www.fullertonfund.com/about-us/sh...-1104&ml=2

http://www.ntu.edu.sg/AboutNTU/organisat...kKian.aspx

http://hkm.appledaily.com/detail.php?gui...e=20141011

肥叔叔威震星洲來頭勁　傅嘉莉認約會拒斬纜

video
肥叔叔大起底　傅嘉莉認約會拒斬纜
現年29歲的混血女模傅嘉莉（Kelly）被本報獨家影到與四眼肥叔叔在的士車廂內又攬又啜，肥叔叔疑是有家室之人，同日晚上相約太太和女兒食飯。


昨日有讀者爆料，指肥叔叔來頭好勁，是新加坡知名人士，名叫Low Check Kian，現年55歲，除開設律師事務所外，更是市值23億坡紙（約140億港元）、船運公司NOL的董事，曾任世界頂尖的財務管理及顧問公司之一的美林證券亞太區主席，退休前是新加坡交易所獨立董事。Kelly昨日接受電話訪問時表示不清楚肥叔叔背景：「係去新加坡旅行，一班朋友聚會時認識，淨係知佢做投資，其他唔係太清楚。」


■Kelly形容與肥叔叔是世姪女關係，不知他的背景。攝影：周樂恒
在朋友聚會認識
報道出街後，兩人仍有聯絡，問Kelly可有向肥叔叔致歉？她說：「大家都好明白當晚唔係報道所講嘅事，所以冇話sorry唔sorry。」會否避見？她說：「如果佢再嚟香港，又或者我再去新加坡，睇大家夾唔夾到時間，順其自然，但唔會單獨見面。」


■Kelly在車上與肥叔叔啜啜，但她死撐只是角度問題，二人沒有錫。
資料圖片

■肥叔叔原來是新加坡知名人士，Kelly表示知道他有老婆（圖）及仔女。
資料圖片

■Kelly昨日要開工，直言對與肥叔叔攬啜相見街，感到不開心。
早知有太太兒女

Kelly昨日返將軍澳開工，再為事件澄清，她說︰「嗰位係我一個外國返嚟香港嘅朋友，嗰日我自己去買嘢，咁啱佢喺附近就見個面。我哋係長輩同世姪女關係，唔係報道所寫咁樣。」但明明有片被影到錫嘴及額頭，Kelly口窒窒死撐說︰「唔係報道所寫親密動作，係角度問題，錯覺啫，冇錫過。」


Kelly又表示知道肥叔叔有太太及小朋友，但始終不是圈中人，不欲多談。她直言為事件感到不開心：「有啲唔開心，所以希望澄清，等家人唔使擔心。」


採訪：嵐山

[greengiraffe]

Scentre, GIC in wrangle over fees
THE AUSTRALIAN OCTOBER 13, 2014 12:00AM

Bridget Carter

Mergers and Acquisitions Editor
Sydney

WHILE the Government Investment Corporation of Singapore is shaping up as the most likely buyer of the Westfield shopping centres in New Zealand, the owner of the properties, Westfield’s recently relaunched Australasian shopping centre landlord Scentre Group, is believed to be facing challenges convincing the sovereign wealth fund to pay up when it comes to management fees.

In a situation somewhat echoing the recent restructure of Westfield’s $70 billion global empire, the fees Scentre wants to charge GIC to manage the centres on its behalf appear to be the sticking point.

Scentre’s asking price for the assets is believed to be $3bn, in a deal where Westfield would retain the right to manage the centres for a fee charged back to GIC. It is also still unclear whether the shopping centre giant would sell all or only some of the centres.

The Australian flagged last month that Scentre was working on its shopping centres across the Tasman, which could include a sale of half the assets to a global pension fund or a float of half the portfolio on the New Zealand stock exchange.

Scentre has nine Westfield centres in Auckland, Hamilton, Wellington and Christchurch.

Discussions have also taken place with PSP, although it is believed the Canadian pension fund is now in the background, and plans for an initial public offering of the properties were also being mooted.

The plans remain consistent with Westfield’s strategy to sell down stakes in its properties but retain management rights.

Meanwhile, conditions remain buoyant for IPOs.

One source said a float was the least likely option, but another said Scentre could be forced into taking the business public should talks with GIC collapse.

Formed this year as part of Westfield’s radical overhaul of its $70bn global empire, Scentre controls 47 shopping centres worth $39bn in Australia and New Zealand. Its share of the ownership of the assets is $29.2bn.

The properties were previously jointly owned by Westfield Group and its satellite, Westfield Retail Trust.

Should the deal happen, it will be the first major transaction under the leadership of CEO Peter Allen since the company split from Westfield in June.

[specuvestor]

I think end of the road for fat uncle in all his fat posts in Singapore. We should be glad that we still hold to this ethos.

Fullerton AM is subsi of Temasek.

http://www.fullertonfund.com/about-us/sh...-1104&ml=2

http://www.ntu.edu.sg/AboutNTU/organisat...kKian.aspx

http://hkm.appledaily.com/detail.php?gui...e=20141011

肥叔叔威震星洲來頭勁　傅嘉莉認約會拒斬纜

video
肥叔叔大起底　傅嘉莉認約會拒斬纜
現年29歲的混血女模傅嘉莉（Kelly）被本報獨家影到與四眼肥叔叔在的士車廂內又攬又啜，肥叔叔疑是有家室之人，同日晚上相約太太和女兒食飯。


昨日有讀者爆料，指肥叔叔來頭好勁，是新加坡知名人士，名叫Low Check Kian，現年55歲，除開設律師事務所外，更是市值23億坡紙（約140億港元）、船運公司NOL的董事，曾任世界頂尖的財務管理及顧問公司之一的美林證券亞太區主席，退休前是新加坡交易所獨立董事。Kelly昨日接受電話訪問時表示不清楚肥叔叔背景：「係去新加坡旅行，一班朋友聚會時認識，淨係知佢做投資，其他唔係太清楚。」


■Kelly形容與肥叔叔是世姪女關係，不知他的背景。攝影：周樂恒
在朋友聚會認識
報道出街後，兩人仍有聯絡，問Kelly可有向肥叔叔致歉？她說：「大家都好明白當晚唔係報道所講嘅事，所以冇話sorry唔sorry。」會否避見？她說：「如果佢再嚟香港，又或者我再去新加坡，睇大家夾唔夾到時間，順其自然，但唔會單獨見面。」


■Kelly在車上與肥叔叔啜啜，但她死撐只是角度問題，二人沒有錫。
資料圖片

■肥叔叔原來是新加坡知名人士，Kelly表示知道他有老婆（圖）及仔女。
資料圖片

■Kelly昨日要開工，直言對與肥叔叔攬啜相見街，感到不開心。
早知有太太兒女

Kelly昨日返將軍澳開工，再為事件澄清，她說︰「嗰位係我一個外國返嚟香港嘅朋友，嗰日我自己去買嘢，咁啱佢喺附近就見個面。我哋係長輩同世姪女關係，唔係報道所寫咁樣。」但明明有片被影到錫嘴及額頭，Kelly口窒窒死撐說︰「唔係報道所寫親密動作，係角度問題，錯覺啫，冇錫過。」


Kelly又表示知道肥叔叔有太太及小朋友，但始終不是圈中人，不欲多談。她直言為事件感到不開心：「有啲唔開心，所以希望澄清，等家人唔使擔心。」


採訪：嵐山

[Fish Head]

http://www.youtube.com/watch?v=J5opFJ73GaY

Here is a video shared by some opposition supporters on my facebook because they love the title "Singapore Temasek Holdings Losses S$68.1 Billions". But I believe none of them really watch the video. The video said banks all over the world shall learn the rewarding system form Temasek Holding. Because the bonus for their directors is being withhold for 3-12 years to catch with long term performance of the company. Any paper loss in investment, like what happened in 2009, will cause a huge impact on the personal asset of the directors. It is the correct approach to force directors to look into long term performance.

Temasek Holding's CAR is 16% since 1974. Most probably only Berkshire Hathaway is with better performance over this long period of time. BH has Warren Buffett and Charlie Munger, but Temasek Holding can only rely on a good system. In term of value investment, Temasek Holding shall be a text book example, but many Singaporeans doesn't really it. Because they simply listen too much mindless songs from Roy Ngerng and HHH.

Some jokes that I heard here.
"All these can't help reminding me of OA 2.5% interest rate."
Can't imaging that a reputable value investor is trying to compare return between CPF account and equity investment.

"Champions in SG, nobody outside. With a few exceptions."
In 2014, only 31% of Temasek Holding investment is in SG. Even this 31% holding, most of them make profit from oversea. DBS, Capitaland and Singtel are largest in SEA. Keppel and Semcorp are no 1 and 2 in the oil rig industrial. None of these can be achieved by only rely on Singapore market. They are strong players in globalization that contribute to Singapore's national wealth.