Singapore's GIC invests US$6.88b in Citigroup

[Typhoonz]

Everytime is always news about these big time investments into foreign banks and companies... When are they going to invest in Singaporeans? They also Xingapor lang leh... How come they like to look elsewhere so much?

[Galantspeedz]

I agree..... dun buy now, wait for when...

[Typhoonz]

I'm worried about that too... One day the seepeeaff board tell you we got no money for you...

[Typhoonz]

This is the realistic world... No such thing as true friendship when money is involved...

[Typhoonz]

I'm saying that the money can be invested with the local companies instead of always throwing money at banks like Merill Lynch and Citigroup...

[Comfy]

ya.. but would get rid of someone when another comes along??

[Krieger]

This is a good move, so is the ML investment. This will put Singapore in a better playing field in the near future. With these big corps, local banks can tap on the oppor and go further. Good move. This in turn will create more jobs for the pple.

[Maxus-MIFA9]

Or they can pump the money into the local businesses and help them... Give to those ang moh for what?

 

 

 

Wonder this GIC groups do their homework or not......

 

Most ppl had know that Citigroup had lost in billion sub-prime leasing in US and they want to invest in it. If it is good investment, don't you think those Dubai groups and some filthy rich Middle East companies will run for it. Where got give SG chance one.....

[Kingcopa]

I rem reading that CitiGroup lost big time. Then y they still invest in it? Or do the 'Scholar' in GIC see things we did not see

[Wreckwrx]

How dare you doubt the expertise of our beloved FTs working for our dear GIC?????

[Stary]

err....actually the arabs already bought a stake.

[Takumeee]

GIC has been making quite a bit of investments within a short period of time..Who's knows will it be profitable in the long term

[Stary]

Because this is the only time they can buy Citi, ML, UBS, etc...cheap. How often can you buy stakes in these banks at low prices?

 

But I think their main "treasure" is Goldman. But haven't heard any losses from Goldman yet.

Edited January 16, 2008 by Starry

[Krieger]

Citi Group doesn't deal just in Sub Prime alone, it has other investments such as resources management, agri, bonds etc. The reason why they cant bail them selves out is because they knew they need to lock on those other investments in the long run for more returns, hence they rather allow new partners to inject new funds, so that when the market recovers, they are able to bounce back much faster. This is what Warren Buffet did. He set up a joint insurance company to lend $ . Its the same strag. they used. Hope this helps.

 

This is the best time to buy at 30% discount of their pair value.

[Maxus-MIFA9]

"How dare you doubt the expertise of our beloved FTs working for our dear GIC"

 

 

I do not doubt GIC investment but it is worth it to invest in citigroup which lost billions in sub prime leasing in US ? Heard from friends working in banking lines that it's very hard to recover money from those who had lended from citibank to buy pieces of properties in US.

[Typhoonz]

ya.. but would get rid of someone when another comes along??

 

Si an ni kuan one mah... Their main idea is to maximise profit so if the present one CMI, then they'll have to change lor... Money and gum cheng cannot mix one...

[Typhoonz]

Problem for me is that Citi took the money from Singapore GIC and then paid it out as a dividend most of which went out the the Middle East Prince.

 

Money well spent according to the GICs... Good investment... Cannot ask for anything better than this... Xingarpor is giving free money so who don't want to take?

[Typhoonz]

Huh? That's the ideal situation... If that doesn't happens?