I have been reading up on the recent annual reports and financial companies as this is the usual time of statement release. There has been some interesting observation. However one of the most pertinent is what I am seeing is in the oil & gas sector. Below are just purely my views on what may happen in Singapore’s Local Oil & gas industry and readers should not just depend on it for investment decisions.
Temasek is trying to profit from the situation and not acting as a backstop
This is my first and most important observation. While we have seen our sovereign wealth fund (SWF), Temasek, putting money into local oil & gas company recently; from what I am seeing Temasek is not acting as a backstop to stabilise the industry but are actually trying to profit from it. One observation is from Marco Polo Marine. On February 2018, it was