atans1

HO Ho Ho: What Temasek forgot when it bot into StanChart

In Banks, Emerging markets, Hong Kong, Temasek on 22/01/2019 at 4:43 am

There’s an FT report that Temasek is putting pressure on StanChart to shape up. It’s tired of being reminded that under the current CEO, the share price has fallen 40%. Worse, share price is roughly at half of Temasek’s entry point 13 years ago.

 

Temasek forgot when it bot into  StanChart that StanChart did not and still does not have have a major, thriving, prosperous market that it dominates.

Although it’s smaller than the supertanker of HSBC, it doesn’t have the engine of Hong Kong that HSBC does, so it’s taking every bit as long, if not longer, to reform. But we’re still very supportive.

(Hugh Young, head of Asia Pacific at Aberdeen Standard Investments, which holds a stake of about 5 per cent in the bank talking to the FT)

It also does not a client like the Lis.

The story of how two Chinese gentlemen made Hongkong Bank great is told in HSBC, Superman and another Cina superhero.

 

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