In Financial competency, Temasek on 03/10/2013 at 5:11 am
Regolar readers will know this blog’s hostile to ST esp in its personal investment coverage.And usually is critical of Temasek.
Here’s an exception: If you owned one or more of these blue chips, you would be really ungrateful not to vote for PM
Data from SGX My Gateway and Bloomberg showed aircraft engineering firm SIA Engineering Company topping the list, with a total return of 164 per cent over the five years to Sept 13, the cut-off date for this exercise. This includes price increases and cash dividends paid out, and works out to a compounded 21 per cent a year.
Telecommunications firm StarHub, engineering firm Singapore Technologies Engineering and rig builders Keppel Corporation and Sembcorp Marine round up the rest of the top five.
One key thread of these firms is that they are all part-owned by Temasek, which probably adds to the confidence of investors.
They are all also known for being solid with their dividend payments … Of course the share prices reflect that fact i.e. that there are better yields in the market albeit with greater risk.
Disclosure: got Keppel for yonks, and odd lot of SIAEC.
In China, Investments, Telecoms, Temasek on 10/04/2010 at 5:07 am
Some time back, China Mobile agreed to buy 20% of Shanghai Pudong Development Bank for 39.8 billion renminbi (US$5.8 billion) to expand its electronic payment business.
The reason for the telco to buy such a big stake in a bank: China Mobile and Pudong Bank will form a strategic alliance to offer wireless finance services including mobile bank cards and payment services, according to a statement filed with the HKSx.
Wonder if the corporate communications departments of TLCs, M1, SingTel and Starhub have filed away this excuse. Their company might need to adapt it if it ever has to buy a stake in a bank in the Temasek stable.
In late March according to a Reuters report, Bank of China, China’s fourth largest bank, said it was in talks with Temasek, to set up a rural business bank in China. The bank under discussion would have 40-60 branches, President Li Lihui told reporters at a media briefing to discuss Bank of China’s 2009 results
Now wouldn’t such a bank need wireless expertise and don’t StarHub and SingTel love to do dumb things? Fooie fans still don’t know if we will get World Cup coverage.