Temasek’s US$1 billion investment in 2007 = US$1 billion in 2017?

I refer to “Temasek is said to plan S$1.35 billion (US$1 billion) stake sale in Asian drug distributor“.

The Bloomberg article told readers nothing about Temasek’s performance. Of interest to Singaporeans would be Temasek’s profit/loss.

After a quick search on the internet, I discovered another related article on the Asia Sentinel. In “Temasek goes for another prize“, the 2007 article reported that the “20-percent stake could be worth as much as US$1 billion“.

What is even stranger: Zuellig Pharma’s sales had doubled by 2015 to US$10 billion but Temasek wants to divest at its 2007 price?

Snapshot of Zuellig Pharma

A logical conclusion: Temasek made another bad judgement call.

PS: One possible reason is Temasek had invested at the height of irrational exuberance in 2007.

Many of its investments subsequently collapsed and were divested at lelong prices, eg it lost about S$2.4 billion in Barclays in 2 years, S$400 million total wipeout in ABC Learning Centres in slightly more than a year, lost about $4.5 billion in Bank of America, etc. Others are still sitting on multi-billion dollar losses, eg StandChart.

 

Phillip Ang

 

 

 

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11 Responses to “Temasek’s US$1 billion investment in 2007 = US$1 billion in 2017?”

  • Harry Lee Tua Kee:

    Alamak! Oh my god! 无牙! don’t tell me the State Reserve already greatly depleted, and that is why they want to raise the GST to 9 %. All these are done in the dark, no need for any transparency, and the Dishonourable Son and his wife are safe from public disclosure? Really?

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  • Daa:

    Come on don’t waste time with such old news. Nothing to post, don’t force it!!!!

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  • Puii:

    Alamak old stuff go n stuff yourself Philip Ang!!!

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  • patriot of Temesak:

    Not their money what!!! so why worry…our pay & KPI is secured leh!!! it’s the STOOPID sheep that are paying mah!!! and we must reward them with GST voucher which they look forward to…how stoopid can they get when they are getting 1c for every dollar they are paying…

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  • LIONS:

    Still need to RAI$E taxe$,lee ah long?
    Your wife needs to plug the BIG HOLE$ she digs?

    Pls lah,both of u step down fasterer is betterer?

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  • Taleban:

    2007 bought at US$1 billion, 2017 sold at US$1 billion.
    Sold to WHO??? Kaki Lan???

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  • rukidding:

    “Digging” and “bringing back” news “long forgotten” and “comparing it to present date”….REVEALs CLEARLY…whether it was all “BS talk” or “all real brilliant talk “.

    Only GUILTY Party does not like to “talk about it”…nor “wish to be exposed” ( of their lousy hot air talk ).

    Holy Jinx indeed…same like Cleopatra Smrt…bloody useless.

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  • How's that?:

    How did the CEO become the ‘most powerful’ by constantly losing good sg dollars?
    She must be lousy at her job then..but like all those miws, still earning mil$ or bil$ ..
    Profiteering without conscience.

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  • Rabble-rouser:

    Ha-ha-ha-ha! If Temasek had invested into a risk-free 10 year US$ Govt bond or even a corporate bond, the return on investment (ROI) figure would have been much better than this.
    And if they had invested into DJI or S&P500 ETFs or indexed funds, Temasek would have had 30%+ yoy returns the last 10 years.
    And if they invested in tech stocks like FAANG (Facebook, Apple, Amazon, Netflix & Google [Alphabet] or TATS (Taiwan Semi, Alibaba*, Tencent & Samsung), the returns would have been phenomenal!
    * Temasek did invest & bought some Alibaba shares.
    But buying global bank shares? Duh!

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  • Rabble-rouser:

    Daa:
    Come on don’t waste time with such old news. Nothing to post, don’t force it!!!!

    Puii:
    Alamak old stuff go n stuff yourself Philip Ang!!!

    Get the f*ck out/shut up if you can’t contribute. Philip Ang is doing a great public service to inform TRE readers of Temasek’s failures. You guys are worthless PAP IBs without a public conscience simply out to earn your $1.00 per comment. Go back to Mud-land where you truly belong.

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  • jaywalker:

    Something seriously wrong. The only serial investment loser in the world!

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