GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
(28-03-2013, 09:01 AM)egghead Wrote: [ -> ]This is a restructuring of HDB. If I understand it correctly, previously HDB was involved in the construction of flats; whereas the restructuring removed that part of the HDB so that construction is outsourced to private enterprises. This is not the same as privatizing HDB.
I suppose the word privatize is used loosely. E.g. a privatization of a public listed entity means that it becomes the asset of a few private investor; whereas when you said privatization you likely meant corporatization.
From Investopedia:
Privatization: The transfer of ownership of property or businesses from a government to a privately owned entity.
Corporatization: The act of reorganizing the structure of government owned entity into a legal entity with the corporate structure found in publicly trade companies.
Hmm...Corporatization seems the better term.
"'HDB Corporation Pte Ltd' will be set up. The HDB Corp will be a fully-owned subsidiary of HDB"
The wording is not vague and it is a transfer from stat board to an entity under companies act. I am agreeable to both nomenclature. The other way to look at it is Corporatisation does not need to involve being a Pte Ltd
Nonetheless I digress from my main issue.
(28-03-2013, 09:34 AM)cfa Wrote: [ -> ]GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.
(28-03-2013, 01:38 PM)specuvestor Wrote: [ -> ] (28-03-2013, 09:34 AM)cfa Wrote: [ -> ]GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.
What is IIRC stands for ? Thanks.
(28-03-2013, 01:38 PM)specuvestor Wrote: [ -> ] (28-03-2013, 09:34 AM)cfa Wrote: [ -> ]GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.
Am I right to say that gain in Chinese investments is only on paper since they are no yet realised, but the $40B loss in US is REAL money loss?
(28-03-2013, 03:17 PM)cfa Wrote: [ -> ] (28-03-2013, 01:38 PM)specuvestor Wrote: [ -> ] (28-03-2013, 09:34 AM)cfa Wrote: [ -> ]GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.
What is IIRC stands for ? Thanks.
IIRC = If I Remember Correctly
May i suggest a sticky thread for common acronym ?
(28-03-2013, 03:30 PM)zhangwuji Wrote: [ -> ]Am I right to say that gain in Chinese investments is only on paper since they are no yet realised, but the $40B loss in US is REAL money loss?
From an asset manager's POV, how meaningful is this?
(28-03-2013, 03:35 PM)CityFarmer Wrote: [ -> ] (28-03-2013, 03:17 PM)cfa Wrote: [ -> ] (28-03-2013, 01:38 PM)specuvestor Wrote: [ -> ] (28-03-2013, 09:34 AM)cfa Wrote: [ -> ]GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.
What is IIRC stands for ? Thanks.
IIRC = If I Remember Correctly
May i suggest a sticky thread for common acronym ?
Thanks Cityfarmer, I am learning new thing everyday.
(28-03-2013, 03:30 PM)zhangwuji Wrote: [ -> ] (28-03-2013, 01:38 PM)specuvestor Wrote: [ -> ] (28-03-2013, 09:34 AM)cfa Wrote: [ -> ]GIC and Temasek bought big time into banks in US and EU before AFC 2008/2009, do they mark these investments to market ?
IIRC there was a $40b loss for Temasek, effectively losing what they made from the Chinese banks, and Goodyear was supposed to replace Ho Ching.
Am I right to say that gain in Chinese investments is only on paper since they are no yet realised, but the $40B loss in US is REAL money loss?
IIRC they used most of their money made from Chinese banks to plow into US/ EU banks
Sorry a lot of things I posted is based on my memory, actual figure may not be exactly right but the right idea is there
CityFarmer most likely can concur