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GIC ‘eyeing $3.2b stake in Brazilian bank’ — The Government of Singapore Investment Corp (GIC) is in talks to buy a 16-per-cent stake in Brazilian investment bank Banco BTG Pactual for US$2.4 billion ($3.2 billion), the Brazil-based Exame magazine reported on Friday, citing people familiar with the negotiations it did not name.Bloomberg, while spokespeople for BTG Pactual in Sao Paulo were not immediately available for comment.

SAO PAULO

GIC declined comment when contacted by

Banco BTG Pactual, controlled by billionaire Brazilian Andre Esteves, was created in 2009 after BTG took over UBS Pactual from the Swiss bank.

It is the largest independent investment bank in Latin America and has regional offices in key global financial capitals such as London and Hong Kong to leverage on its expertise in emerging markets.

The bank operates in the areas of investments, asset management and wealth management.

GIC already is the largest shareholder in Switzerland’s UBS and one of the biggest in United States’ Citigroup, with its stakes in the two banking giants estimated at some $12 billion at current market prices.

If it takes the stake in BTG, it will be spreading its multi-billion bets beyond Europe and North America into the South American market.

pharoah88 ( Date: 05-Sep-2010 17:54) Posted:

BRA banks flOOd

SIN banks ebb

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GIC ‘eyeing $3.2b stake in Brazilian bank’ — The Government of Singapore Investment Corp (GIC) is in talks to buy a 16-per-cent stake in Brazilian investment bank Banco BTG Pactual for US$2.4 billion ($3.2 billion), the Brazil-based Exame magazine reported on Friday, citing people familiar with the negotiations it did not name.Bloomberg, while spokespeople for BTG Pactual in Sao Paulo were not immediately available for comment.

SAO PAULO

GIC declined comment when contacted by

Banco BTG Pactual, controlled by billionaire Brazilian Andre Esteves, was created in 2009 after BTG took over UBS Pactual from the Swiss bank.

It is the largest independent investment bank in Latin America and has regional offices in key global financial capitals such as London and Hong Kong to leverage on its expertise in emerging markets.

The bank operates in the areas of investments, asset management and wealth management.

GIC already is the largest shareholder in Switzerland’s UBS and one of the biggest in United States’ Citigroup, with its stakes in the two banking giants estimated at some $12 billion at current market prices.

If it takes the stake in BTG, it will be spreading its multi-billion bets beyond Europe and North America into the South American market.

pharoah88 ( Date: 05-Sep-2010 17:55) Posted:

BRA banks flOOd

SIN banks ebb

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BRA banks flOOd

SIN banks ebb

x 0

BRA banks flOOd

SIN banks ebb

x 0

BRA banks flOOd

SIN banks ebb

pharoah88 ( Date: 05-Sep-2010 17:34) Posted:

GIC ‘eyeing $3.2b stake in Brazilian bank’

SAO PAULO

GIC declined comment when contacted by

Banco BTG Pactual, controlled by billionaire Brazilian Andre Esteves, was created in 2009 after BTG took over UBS Pactual from the Swiss bank.

It is the largest independent investment bank in Latin America and has regional offices in key global financial capitals such as London and Hong Kong to leverage on its expertise in emerging markets.

The bank operates in the areas of investments, asset management and wealth management.

GIC already is the largest shareholder in Switzerland’s UBS and one of the biggest in United States’ Citigroup, with its stakes in the two banking giants estimated at some $12 billion at current market prices.

If it takes the stake in BTG, it will be spreading its multi-billion bets beyond Europe and North America into the South American market.— The Government of Singapore Investment Corp (GIC) is in talks to buy a 16-per-cent stake in Brazilian investment bank Banco BTG Pactual for US$2.4 billion ($3.2 billion), the Brazil-based Exame magazine reported on Friday, citing people familiar with the negotiations it did not name.Bloomberg, while spokespeople for BTG Pactual in Sao Paulo were not immediately available for comment.

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BRA banks flOOd

SIN banks ebb

x 0

eyeIng BRA(s) !

pharoah88 ( Date: 05-Sep-2010 17:41) Posted:

GIC ‘eyeing $3.2b stake in Brazilian bank’

SAO PAULO

GIC declined comment when contacted by

Banco BTG Pactual, controlled by billionaire Brazilian Andre Esteves, was created in 2009 after BTG took over UBS Pactual from the Swiss bank.

It is the largest independent investment bank in Latin America and has regional offices in key global financial capitals such as London and Hong Kong to leverage on its expertise in emerging markets.

The bank operates in the areas of investments, asset management and wealth management.

GIC already is the largest shareholder in Switzerland’s UBS and one of the biggest in United States’ Citigroup, with its stakes in the two banking giants estimated at some $12 billion at current market prices.

If it takes the stake in BTG, it will be spreading its multi-billion bets beyond Europe and North America into the South American market.— The Government of Singapore Investment Corp (GIC) is in talks to buy a 16-per-cent stake in Brazilian investment bank Banco BTG Pactual for US$2.4 billion ($3.2 billion), the Brazil-based Exame magazine reported on Friday, citing people familiar with the negotiations it did not name.Bloomberg, while spokespeople for BTG Pactual in Sao Paulo were not immediately available for comment.

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GIC ‘eyeing $3.2b stake in Brazilian bank’

SAO PAULO

GIC declined comment when contacted by

Banco BTG Pactual, controlled by billionaire Brazilian Andre Esteves, was created in 2009 after BTG took over UBS Pactual from the Swiss bank.

It is the largest independent investment bank in Latin America and has regional offices in key global financial capitals such as London and Hong Kong to leverage on its expertise in emerging markets.

The bank operates in the areas of investments, asset management and wealth management.

GIC already is the largest shareholder in Switzerland’s UBS and one of the biggest in United States’ Citigroup, with its stakes in the two banking giants estimated at some $12 billion at current market prices.

If it takes the stake in BTG, it will be spreading its multi-billion bets beyond Europe and North America into the South American market.— The Government of Singapore Investment Corp (GIC) is in talks to buy a 16-per-cent stake in Brazilian investment bank Banco BTG Pactual for US$2.4 billion ($3.2 billion), the Brazil-based Exame magazine reported on Friday, citing people familiar with the negotiations it did not name.Bloomberg, while spokespeople for BTG Pactual in Sao Paulo were not immediately available for comment.

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nO prOspectUs yet ?

niuyear ( Date: 30-Aug-2010 10:41) Posted:

Are you ready for the IPO?

pharoah88 ( Date: 18-Aug-2010 21:02) Posted:

GIC planning roadshows for $4b IPO: Sources

SINGAPORE

The sources said GIC would launch the IPO at the end of the third quarter or early in the fourth quarter. Nomura has been appointed to market the IPO in Japan, they said. GIC is likely to file the IPO prospectus with the Monetary Authority of Singapore in early September, said a source.

“It’s moving fast,” the person said.

A GIC spokesperson did not respond to MediaCorp by press time.

If successful, the IPO would be the biggest in Singapore in 17 years since SingTel listed in 1993 and raised $4 billion in three tranches. It would also trump CapitaMalls Asia’s US$2 billion IPO last year.

The sources said GIC planned to list its ProLogis assets in Japan and China in addition to some of its assets in South Korea.

In 2008, GIC Real Estate bought ProLogis interests in Japan and China in a deal worth US$1.3 billion to consolidate its existing portfolio in Japan and embark on expanding its logistics property business in China, according to wire reports. ProLogis is a global distribution facilities provider with 475 million sq ft of industrial space across North America, Europe and Asia.

GIC Real Estate also bought Star Tower, a 45-storey office building in Seoul from Lone Star Funds in 2004.— GIC Real Estate, the property arm of the Government of Singapore Investment Corp, is planning global roadshows late next month for an initial public offering (IPO) of its overseas assets worth around US$3 billion ($4.06 billion), Dow Jones Newswires reported yesterday citing unnamed sources.

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GIC ‘eyeing $3.2b stake in Brazilian bank’

SAO PAULO

GIC declined comment when contacted by

Banco BTG Pactual, controlled by billionaire Brazilian Andre Esteves, was created in 2009 after BTG took over UBS Pactual from the Swiss bank.

It is the largest independent investment bank in Latin America and has regional offices in key global financial capitals such as London and Hong Kong to leverage on its expertise in emerging markets.

The bank operates in the areas of investments, asset management and wealth management.

GIC already is the largest shareholder in Switzerland’s UBS and one of the biggest in United States’ Citigroup, with its stakes in the two banking giants estimated at some $12 billion at current market prices.

If it takes the stake in BTG, it will be spreading its multi-billion bets beyond Europe and North America into the South American market.— The Government of Singapore Investment Corp (GIC) is in talks to buy a 16-per-cent stake in Brazilian investment bank Banco BTG Pactual for US$2.4 billion ($3.2 billion), the Brazil-based Exame magazine reported on Friday, citing people familiar with the negotiations it did not name.Bloomberg, while spokespeople for BTG Pactual in Sao Paulo were not immediately available for comment.

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SHORT BANKS ??

SHORT PROPERTIES ??

LONG GENTING TWINS ??

pharoah88 ( Date: 05-Sep-2010 17:10) Posted:

Property cooling measures timely: Wing Tai — The measures announced by the government on Monday to cool the property market were timely as prices had gone up to unsustainable levels, according to real estate developer Wing Tai Holdings.

Wong Siew Yin

SINGAPORE

Mr Edmund Cheng, Wing Tai’s deputy chairman who said this on Friday at the launch of its luxury project Belle Vue Residences (picture), added that prices for future land tenders would need to be adjusted downwards as sentiment had cooled.

However, he said Wing Tai would not be affected too much by the new curbs.

“The measures, I think, address the upgraders’ market more. Most of our properties are all high-end, upper-middle and super high-end, so the impact is not much,” he said.

Wing Tai said 109 of its 167 units at Belle Vue had been sold. It said it was confident that the project would be fully taken up, with foreigners expected to make up half the buyers. The remaining units are priced between $2,300 and $2,800 per square foot.

But while developers such as Wing Tai may stay positive, some observers expect the banking sector to feel the impact from the recent anti-speculative measures.

Banks could see a significant drop in profit contributions from housing loans, some analysts said.

“UOB has the largest percentage based on their total income. For them, we are looking at 20 to 30 per cent of their total top line coming from housing loans.

Therefore they would be, in our view, most affected by the clamp down in the property sector, followed by DBS,” said Mr Moh Tze Yang, lead analyst at SIAS Research.

pharoah88 ( Date: 05-Sep-2010 17:05) Posted:

SHORT BANKS ?

LONG GENTING TWINS ?

x 0

SHORT BANKS ??

SHORT PROPERTIES ??

LONG GENTING TWINS ??

pharoah88 ( Date: 05-Sep-2010 17:08) Posted:

SHORT BANKS ?

LONG GENTING TWINS ?

pharoah88 ( Date: 05-Sep-2010 16:57) Posted:

Property cooling measures timely: Wing Tai

SINGAPORE

Mr Edmund Cheng, Wing Tai’s deputy chairman who said this on Friday at the launch of its luxury project Belle Vue Residences (picture), added that prices for future land tenders would need to be adjusted downwards as sentiment had cooled.

However, he said Wing Tai would not be affected too much by the new curbs.

“The measures, I think, address the upgraders’ market more. Most of our properties are all high-end, upper-middle and super high-end, so the impact is not much,” he said.

Wing Tai said 109 of its 167 units at Belle Vue had been sold. It said it was confident that the project would be fully taken up, with foreigners expected to make up half the buyers. The remaining units are priced between $2,300 and $2,800 per square foot.

But while developers such as Wing Tai may stay positive, some observers expect the banking sector to feel the impact from the recent anti-speculative measures.

Banks could see a significant drop in profit contributions from housing loans, some analysts said.

“UOB has the largest percentage based on their total income. For them, we are looking at 20 to 30 per cent of their total top line coming from housing loans.

Therefore they would be, in our view, most affected by the clamp down in the property sector, followed by DBS,” said Mr Moh Tze Yang, lead analyst at SIAS Research.— The measures announced by the government on Monday to cool the property market were timely as prices had gone up to unsustainable levels, according to real estate developer Wing Tai Holdings.

Wong Siew Yin

x 0

SHORT BANKS ??

SHORT PROPERTIES ??

LONG GENTING TWINS ??

pharoah88 ( Date: 05-Sep-2010 17:17) Posted:

PrOperty cOOling measures timely: Wing Tai — The measures announced by the government on Monday to cool the property market were timely as prices had gone up to unsustainable levels, according to real estate developer Wing Tai Holdings.

Wong Siew Yin

SINGAPORE

Mr Edmund Cheng, Wing Tai’s deputy chairman who said this on Friday at the launch of its luxury project Belle Vue Residences (picture), added that prices for future land tenders would need to be adjusted downwards as sentiment had cooled.

However, he said Wing Tai would not be affected too much by the new curbs.

“The measures, I think, address the upgraders’ market more. Most of our properties are all high-end, upper-middle and super high-end, so the impact is not much,” he said.

Wing Tai said 109 of its 167 units at Belle Vue had been sold. It said it was confident that the project would be fully taken up, with foreigners expected to make up half the buyers. The remaining units are priced between $2,300 and $2,800 per square foot.

But while developers such as Wing Tai may stay positive, some observers expect the banking sector to feel the impact from the recent anti-speculative measures.

Banks could see a significant drop in profit contributions from housing loans, some analysts said.

“UOB has the largest percentage based on their total income. For them, we are looking at 20 to 30 per cent of their total top line coming from housing loans.

Therefore they would be, in our view, most affected by the clamp down in the property sector, followed by DBS,” said Mr Moh Tze Yang, lead analyst at SIAS Research.

x 0

SHORT BANKS ??

SHORT PROPERTIES ??

LONG GENTING TWINS ??

pharoah88 ( Date: 05-Sep-2010 17:16) Posted: