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Friday, July 04, 2008

Temasek Linked Firms to Issue Lower Dividends

According to a report in TodayOnline, Temasek-linked firms may post lower dividends this year. Even billionaire Warren Buffett's Berkshire Hathaway Inc. has slumped 20 percent since December. A 20% fall indicates bear market territory. Temasek must be experiencing some losses. Do not forget Citigroup has since falling even after Temasek shares acquisition. TLCs with the highest projected dividend yields are MobileOne at 8.9 per cent, Singapore Airlines at 7 per cent and ST Engineering at 6.7 per cent.

Some of Temasek's major investments

Temasek-linked firms may post lower dividends

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