Temasek Holdings

[CityFarmer]

http://www.straitstimes.com/business/tem...gets-a-ceo

All staff of Temasek Holdings, except Ms Ho and chief financial officer Leong Wai Leng, were transferred to TI.

Mr Lee, the former president and chief executive of Temasek unit ST Telemedia, joined Temasek in 2012.
He set up infocommunications firm ST Telemedia as a new business area, overseeing its investments into the Asia-Pacific, Europe and the Americas.
He has been chairing various senior management committees in Temasek for over a year and has been overseeing its daily operations since Ms Ho went on sabbatical leave in April.

Obviously, Mr. Lee is the successor of Ms. Ho? 

[greengiraffe]

http://www.straitstimes.com/business/tem...gets-a-ceo

All staff of Temasek Holdings, except Ms Ho and chief financial officer Leong Wai Leng, were transferred to TI.

Mr Lee, the former president and chief executive of Temasek unit ST Telemedia, joined Temasek in 2012.
He set up infocommunications firm ST Telemedia as a new business area, overseeing its investments into the Asia-Pacific, Europe and the Americas.
He has been chairing various senior management committees in Temasek for over a year and has been overseeing its daily operations since Ms Ho went on sabbatical leave in April.

Obviously, Mr. Lee is the successor of Ms. Ho? 

They are gd mates from the gd old days... they keep looking after each other... 

However, I would prefer a truly international guys to helm the international arm as that would have provided a new dimension for ideas in a ever changing world order...

Not my say really

No Vested Interests

[greengiraffe]

http://www.straitstimes.com/business/com...-go-global

Vertex Venture gets funds to go global



[Image: dummy.gif]     Vertex was an early investor in luxury e-commerce portal Reebonz (above) and mobile taxi app GrabTaxi. Mr Chua Kee Lock said healthcare is a new area of funding. PHOTOS: ST FILE, BLOOMBERG
Published
1 hour ago

Infusion of $857m from Temasek will allow it to invest in start-ups in US, Israel and China
Grace Chng
Senior Correspondent

Armed with a war chest of US$600 million (S$857 million), Singapore's largest and oldest venture capital firm is going global.
The infusion of cash will allow Vertex Venture Holdings to invest in start-ups in the hot seats of innovation and technological disruption - United States, Israel and China - after having been mainly focused on Singapore and Asia.
Chief executive Chua Kee Lock identified healthcare as a new area of funding in addition to its ongoing interest in technology, media and Internet-based start-ups.

The funds will be invested in firms ready to expand with proven products and revenue streams, he told The Straits Times.
Typically, each start-up in this growth phase would receive funding of $2 million or more.
Europe is the only region that has no Vertex presence but Mr Chua said he is looking to open an office there.
Vertex's new war chest was the result of an investment from its parent company, Temasek Holdings.

[greengiraffe]

http://www.straitstimes.com/business/tem...firms-here

Government investment company Temasek Holdings has pumped $90 million into four local venture capital (VC) firms this year, to help fledgling start-ups expand their business operations.
They are: NSI Ventures, Monk's Hill Ventures, Jungle Ventures and Golden Gate Ventures. Temasek did not disclose the investment sums in each case.
Mr Ong Beng Teck, managing director of Temasek's enterprise development group, said the firms will use these funds for hiring, marketing, opening new offices overseas and other activities. Each start-up can receive from $2 million to as much as $20 million.

Mr Ong said that the VC funds Temasek invested in have, in turn, attracted other investors.

[greengiraffe]

http://www.valuebuddies.com/thread-3731-...#pid121673

Temasek's horoscope seems to have always clashed with banking sector apart from the domestic banks...

Odd Lots Vested
2888.HK

[greengiraffe]

• STREET TALK
   
  
  
•  Nov 4 2015 at 9:15 AM 
  

Macquarie analysts warn on GrainCorp's takeover chances

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NaN of
[img=620x0]http://www.afr.com/content/dam/images/1/3/u/o/7/3/image.related.afrArticleLead.620x350.gkq5fp.png/1446588929653.jpg[/img]GrainCorp chief executive Mark Palmquist said his company was likely to report a $45 million profit for the 2015 financial year. Arsineh Houspian

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• Sarah Thompson
   
  
  
•  Anthony Macdonald
   
  
  
•  Joyce Moullakis
  

Macquarie analysts have sounded a warning on the likelihood of Archer Daniels Midland making a return for GrainCorp, saying it is not a foregone conclusion. 
"There has been almost daily speculation re: the likelihood of an ADM bid," Macquarie told clients in the wake of GrainCorp's profit update. 
"We believe that a premium is substantially factored into the current share price, but see significant risk to this eventuating.
"Firstly, we acknowledge the change in political environment, but note the influence of the Nationals remains.

"Secondly, we do not doubt ADM's M&A appetite, but note that there appear to be other assets in Australia more readily available (eg Glencore).
"Further, ADM retains options outside of Australia to broaden its footprint. For example, in late October, ADM increased its stake in Singapore listed Wilmar." 
The nation's biggest-listed agribusiness said that it expects 2014-15 underlying net profit to be $45 million, down from previous expectations of $45 million to $60 million.
Macquarie reckons GrainCorp is worth $6.93 a share, based on its average sum-of-the-parts and through the cycle valuation methodology, which is a far cry from $13.20 a share bid put forward by ADM two years ago and later blocked by the government. 


Deutsche Bank analysts also weighed into the valuation debate on Wednesday morning, re-setting its 12-month target price at $9.15 a share. 
Street Talk reported on Monday that the Illinois-based ADM had sounded out interest from some big Asian fund managers such as Temasek and GIC over a potential block trade for its 19.9 per cent stake in GrainCorp in recent weeks.

[greengiraffe]

Temasek switches India focus to software


BENGALURU • The venture capital arm of Temasek Holdings is shifting its focus in India to software makers that service small and medium-sized businesses, as it sees the e-commerce sector becoming "overheated" with funds rushing to invest in unprofitable companies.
Vertex Venture Holdings, a unit of Temasek, is hunting for start-ups making cheap software for the nation's hordes of small businesses that could range from a supply chain app to a payroll processing system, said Mr Ben Mathias, its managing director for India.
In the rush to fund mobile phone-based start-ups that target consumers, investors have "largely ignored" enterprise software, Bengaluru-based Mr Mathias, who was appointed Vertex's first managing director of India last month, said in a telephone interview.

"Hundreds of millions of Indians are getting on the Internet, and with them, tens of millions of Indian enterprises are also getting on the Internet.
"As small and medium enterprises use the mobile Internet more and more to drive their business, they will need to adopt cloud-based enterprise solutions," he said, referring to the model of Internet-based computing where software and data resources are typically shared and accessed on-demand.
Over the next 12 months, Vertex plans to invest between US$5 million (S$7 million) and US$6 million each in three or four Indian companies, and will direct about half of its investments into enterprise software makers in the coming years, Mr Mathias said.
The Indian investments were from Vertex's US$200 million fund that focuses on South-east Asian and Indian companies, according to Mr Mathias. Vertex has received an additional US$600 million from Temasek to invest in United States, Israel, China start-ups in "innovation and technological disruption".
Temasek Holdings has been shaking up its asset mix with a push into biotechnology and consumer companies that stand to benefit from ageing populations and increasing disposable incomes. 
In the fiscal year that ended on March 31, it added stakes including in US pharmaceutical firm, Gilead Sciences, and Indian drugmaker Intas Pharmaceuticals.
India's market for apps offering software as a service is estimated to be worth about US$300 million, of which 60 per cent of the demand comes from small and medium-sized businesses, according to Mr Biswajeet Mahapatra, a Dubai-based research director at Gartner.
That market has been relatively under-penetrated as a lot of small businesses either do not use computers at all or rely on outdated systems that cannot adapt to new trends in technology, he said.
Start-ups that make low-priced, subscription-based software can capture market share as small business clients in India may not be able to afford offerings from larger software companies.
BLOOMBERG

[Dividend Knight]

Temasek's horoscope seems to have always clashed with banking sector apart from the domestic banks...

Odd Lots Vested
2888.HK

Standard Chartered seems to be struggling  for a prolonged period of time.

[greengiraffe]

http://www.straitstimes.com/business/companies-markets/gic-invests-120m-in-hk-listed-cosmetics-company


The Straits Times
GIC invests $120m in HK-listed cosmetics company, Companies & Markets News & Top Stories - The Straits Times
Companies & Markets News -GIC is investing HK$659 million (S$120 million) in Hong Kong-listed Bloomage BioTechnology Corporation, a leading cosmetics firm, as it taps into China's growing medical cosmetics market.. Read more atstraitstimes.com.

[greengiraffe]

GIC looking to buy more real estate assets

Published
3 hours ago
  [url=http://www.straitstimes.com/business/economy/gic-looking-to-buy-more-real-estate-assets#][/url]
GIC, which manages more than US$100 billion (S$141 billion) of Singapore's reserves, is "underinvested" in property and interested in transactions of scale even as it faces an increasingly difficult investment environment.
GIC has about 7 per cent of assets in real estate, while it can invest 9 per cent to 13 per cent, GIC Real Estate president Goh Kok Huat said in his keynote speech at a conference organised by the Asia Pacific Real Estate Association yesterday.
Given its size, GIC is focusing on larger, deeper markets and "gateway cities", he said. "The Brics (Brazil, Russia, India, China, South Africa), plus Indonesia and Turkey, will become the single largest contributing bloc to GDP globally. Now, therefore, if your sights are set on the long term, the emerging market must be where it ought to be and you must pay attention to emerging markets. In the short term, we must deal with volatility in the emerging market as global macro forces shift as the US dollar strengthens."

But this does not mean that it will put money in every investment that comes calling. "We would like to put up more money across the globe, but it really depends on whether we see those transactions that are interesting," Mr Goh said.
"We are a disciplined investor. If we do not see transactions that are at a price point which we think is a great investment which would give us good stable long-term returns, we do not have the compulsion to push money out the door. "
The London-based Sovereign Wealth Centre puts GIC's total holdings at US$343 billion, making it the world's sixth-biggest sovereign wealth fund.
GIC has been adding to its real estate holdings, buying a building next to Tokyo Station last year in a bet on rising property values in Japan's capital, Bloomberg reported. It also purchased Blackstone Group's 50 per cent stake in London's Broadgate office complex in 2013 and was part of a group that acquired the headquarters space of Time Warner in New York City for US$1.3 billion.
However, Mr Goh also acknowledged that the investing environment is increasingly competitive.
"The environment has changed dramatically (compared to when GIC was first established). These days, there are many more (sovereign wealth funds)."
The use of technology and data can give GIC a possible advantage. Mr Goh said: "We also think about how we can become better at what we do, not just by thinking whether we can do larger transactions, and part of our effort is how we can use technology and data to be a real competitive edge for us in real estate."
And to improve returns and beat the benchmark, GIC has put a " focus on key markets that are deep, where the transactions are a lot more, because then we can get the local team to be experts in those markets".
BLOOMBERG