SG Talk

GIC & SPH billion investment in UK student accommodation lost on plummeting GBP..

Revaluation loss

What went wrong?

"Singapore Press Holdings has acquired a portfolio of student housing properties in the UK for £448 million ($583 million), as student digs in the Brexit-encumbered country continue to draw Singapore investors."

https://www.mingtiandi.com/real-estate/o...0investors.

Is normal. In investing, u win some and u lose some.

Business and Investment, sometimes win and sometimes lose. just paper losses until it is sold.

(14-10-2022, 02:36 PM)Niubee Wrote: [ -> ]Is normal. In investing, u win some and u lose some.

No! Wrong. 

Overseas investments - Currency exposures should be hedged otherwise GIC and SPH been hit double whammy..

Asset investments and exchange lost.

Few of my business friend said if u just do opposites whatever gic or “tarmarsick ”invest got very high chance to succeed. You belive?

(14-10-2022, 05:52 PM)teaserteam Wrote: [ -> ]Business and Investment, sometimes win and sometimes lose. just paper losses until it is sold.

GIC and SPH do not take currency risk,  only bet on assets appreciation ..

If they exposed themselves to currency risk, they are both idiots.

Only morons do that

GBP/USD
Dec 2019 @ 1.30
Feb 2022 @ 1.36


Today it's @ 1.12
20% loss in FX

(14-10-2022, 11:55 PM)Scythian Wrote: [ -> ]GBP/USD
Dec 2019 @ 1.30
Feb 2022 @ 1.36


Today it's @ 1.12
20% loss in FX

An estimated FX revaluation loss of US$ 200 mio over GBP 1 billion total investments.

Crazy

(14-10-2022, 01:32 PM)Scythian Wrote: [ -> ]GIC & SPH billion investment in UK student accommodation lost on plummeting GBP..

Revaluation loss

What went wrong?

GIC has a lot more investment in the US .. Dumbass

(15-10-2022, 05:18 AM)ROFLMAO Wrote: [ -> ]GIC has a lot more investment in the US .. Dumbass

Other investments in China and India all kaput

Our cpf how? No wonder the interest rate for OA still remain at 2.5%

(14-10-2022, 05:52 PM)teaserteam Wrote: [ -> ]Business and Investment, sometimes win and sometimes lose. just paper losses until it is sold.

noby can foersee this loss
excuseable
not reckless invesment by sats goong after SWF the signs dont point to a gd move yet still bang the head

(15-10-2022, 06:46 AM)Scythian Wrote: [ -> ]Other investments in China and India all kaput

China and India are fast growing economy ...it is yours nut that is kaput..

(15-10-2022, 09:25 AM)Stoki Wrote: [ -> ]Our cpf how? No wonder the interest rate for OA still remain at 2.5%

If increased to 3.5% GIC lost the pants

Pray they lose more otherwise they will start boasting again

CECA made studying in UK too expensive until the later batch had to look at Australia and Canada instead.

(15-10-2022, 01:17 PM)Dan Wrote: [ -> ]Pray they lose more otherwise they will start boasting again

They felt the pain already