Comments on: What an Elaborate Way to Keep us in the Dark, Temasek http://www.temasekreview.com/2009/08/02/what-an-elaborate-way-to-keep-us-in-the-dark-temasek/ The Voice of Singapore from Singaporeans for Singaporeans Thu, 18 Mar 2010 10:29:33 +0800 http://wordpress.org/?v=2.8.5 hourly 1 By: EmperorLee http://www.temasekreview.com/2009/08/02/what-an-elaborate-way-to-keep-us-in-the-dark-temasek/comment-page-1/#comment-21035 EmperorLee Fri, 07 Aug 2009 07:25:18 +0000 http://temasekreview.com/?p=11512#comment-21035 Mark to mark accounting perhaps? Mark to mark accounting perhaps?

]]> By: A Tan http://www.temasekreview.com/2009/08/02/what-an-elaborate-way-to-keep-us-in-the-dark-temasek/comment-page-1/#comment-20983 A Tan Thu, 06 Aug 2009 23:26:42 +0000 http://temasekreview.com/?p=11512#comment-20983 Thanks to ST, we now know that if Temasek had bought additional Asian bank shares, with its BOA Barclays money, it would still be behind. Better to have stuck to BOA and Barlays Temasek's Asian banks performance (end March - July) CCB -- 42% BoC -- 50.2 NIB -- (10.9) ICICI Bank --127.9 SC -- 65.7 Danamon --104.3 Hana -- 68.3 I calculated that Barclay's share price was 142% up between end Match and July, and BOA was up 128%. Somehow the rebound of Temasek's Asian banks shown in ST's table pale by comparison. Buy high, sell low. Thanks to ST, we now know that if Temasek had bought additional Asian bank shares, with its BOA Barclays money, it would still be behind. Better to have stuck to BOA and Barlays

Temasek’s Asian banks performance (end March – July)

CCB — 42% BoC — 50.2
NIB — (10.9)
ICICI Bank –127.9
SC — 65.7
Danamon –104.3
Hana — 68.3

I calculated that Barclay’s share price was 142% up between end Match and July, and BOA was up 128%.

Somehow the rebound of Temasek’s Asian banks shown in ST’s table pale by comparison.

Buy high, sell low.

]]> By: A Tan http://www.temasekreview.com/2009/08/02/what-an-elaborate-way-to-keep-us-in-the-dark-temasek/comment-page-1/#comment-20735 A Tan Tue, 04 Aug 2009 23:13:17 +0000 http://temasekreview.com/?p=11512#comment-20735 Might want to analyse Temasek sold out of BoA and Barclays before the rally, and presumably reinvested in East Asia? Would it have come out ahead in the switch assuming same amt was reinvested. You can use some East Asia index as proxy? Or is the thesis "Buy high, sell low", valid? Might want to analyse

Temasek sold out of BoA and Barclays before the rally, and presumably reinvested in East Asia?

Would it have come out ahead in the switch assuming same amt was reinvested. You can use some East Asia index as proxy?

Or is the thesis “Buy high, sell low”, valid?

]]> By: fear the truth http://www.temasekreview.com/2009/08/02/what-an-elaborate-way-to-keep-us-in-the-dark-temasek/comment-page-1/#comment-20661 fear the truth Tue, 04 Aug 2009 04:05:28 +0000 http://temasekreview.com/?p=11512#comment-20661 Perhaps Chip Goodyear found the accounting system of Temasek too complex and mind-boggling or he was kept in the dark as well. Yes, it is likely the loss is $58B or more. Without accountability and transparency to verify our reserves, I have even more doubts. Common sense tells me not to trust people who fear the truth. Perhaps Chip Goodyear found the accounting system of Temasek too complex and mind-boggling or he was kept in the dark as well.
Yes, it is likely the loss is $58B or more. Without accountability and transparency to verify our reserves, I have even more doubts. Common sense tells me not to trust people who fear the truth.

]]> By: Tan Yeong Hong http://www.temasekreview.com/2009/08/02/what-an-elaborate-way-to-keep-us-in-the-dark-temasek/comment-page-1/#comment-20520 Tan Yeong Hong Sun, 02 Aug 2009 18:25:07 +0000 http://temasekreview.com/?p=11512#comment-20520 Plus One For Ganga's Efforts! Plus One For Ganga’s Efforts!

]]> By: socks juice http://www.temasekreview.com/2009/08/02/what-an-elaborate-way-to-keep-us-in-the-dark-temasek/comment-page-1/#comment-20490 socks juice Sun, 02 Aug 2009 13:06:43 +0000 http://temasekreview.com/?p=11512#comment-20490 There are lies, damn lies and statistics. Then there are the accounts of Temasek and GIC... There are lies, damn lies and statistics. Then there are the accounts of Temasek and GIC…

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