Govt linked blue chip companies a big drag......
#1

From SPH to SingTel to SIA...its like all are poor performers. These blue chip companies are supposed to represent the best in talents among the govt elites but one by one dragged down. They seem to destroy alot of shareholder value often from bad strategies like buying overpriced assets overseas, overpaying executives despite mediocre performance and inability to compete. Instead of representing the best ...it seems to expose they are just overrated and over compensated. They represent what is wrong rather than what is good 

They were given all the monopolistic  advantages yet one by one they falter. The Singapore elites  were supposed to have "helicopter view" and able to see far ahead but they turn out to be worse than mediocre.



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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#2

Money is easily gotten from the govt hence they lack the incentive to innovate. If based on fair competition they would have closed down long ago.
[+] 1 user Likes Blasterlord2's post
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#3

Very easy money as good as free cash extended to the top echelons over the years. 

Laughing all the way to the grave!!!
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#4

(18-12-2021, 12:20 PM)Blasterlord2 Wrote:  Money is easily gotten from the govt hence they lack the incentive to innovate. If based on fair competition they would have closed down long ago.

I agree that when the money is easily given, then there is no incentive to innovate, and they no need to compete in the market.... Angry
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#5

I was sitting next to a GLC top executive in a global tech conference and instead of focusing his attention on the speakers this dude was all the time looking at the stock market on his mobile phone. He was not interested in how the presented technologies can help in his company.
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#6

nothing is too early

u can negotiate at yr advantage
when others are desperate
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#7

(18-12-2021, 12:15 PM)sgbuffett Wrote:  From SPH to SingTel to SIA...its like all are poor performers. These blue chip companies are supposed to represent the best in talents among the govt elites but one by one dragged down. They seem to destroy alot of shareholder value often from bad strategies like buying overpriced assets overseas, overpaying executives despite mediocre performance and inability to compete. Instead of representing the best ...it seems to expose they are just overrated and over compensated. They represent what is wrong rather than what is good 

They were given all the monopolistic  advantages yet one by one they falter. The Singapore elites  were supposed to have "helicopter view" and able to see far ahead but they turn out to be worse than mediocre.

what do you think is the main reason that these companies fail to perform and grow big ?

Their failure has nothing to do with easy money because they cannot perform even if they have the money.
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#8

Only the 3 banks, the rest no eye see.
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#9

(18-12-2021, 04:17 PM)Migrant Wrote:  Only the 3 banks, the rest no eye see.

I concur...... Clapping
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#10

(18-12-2021, 12:20 PM)Blasterlord2 Wrote:  Money is easily gotten from the govt hence they lack the incentive to innovate. If based on fair competition they would have closed down long ago.
That’s why I never invest in tenasick-linked counters. Only believed banks are best blue chips performers. It can never be wrong.
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#11

(18-12-2021, 06:53 PM)Gemstar Wrote:  That’s why I never invest in tenasick-linked counters. Only believed banks are best blue chips performers. It can never be wrong.

You have hit the nail on the head...... Clapping
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