Top Stock Market Highlights of the Week: GIC and Temasek, Manulife US REIT and Credit Suisse
By The Smart Investor  •  March 18, 2023
Welcome to this week’s edition of top stock market highlights. GIC and Temasek It’s helpful to observe the types of companies and businesses that long-term investors invest their money in. Of note, investment firm Temasek Holdings has long touted its long investment time horizon. Temasek’s portfolio stood at S$403 billion as of 31 March 2022 and it has 12 offices across eight countries. Similarly, the Government Investment Corporation, or GIC, which manages the Singapore government’s reserves, also espouses a long-term philosophy. Both Temasek and GIC are among a crop of new investors that injected money into Stripe, an Irish-American software-as-a-service (SaaS) company offering financial services. Stripe had recently raised more than US$6.5 billion in a fundraising exercise that valued the firm at US$50 billion. The payments company was founded back in 2009 by two Irish brothers, John and Patrick Collision. Just two years later, Stripe received an investment of US$2 million from a group of investors that included PayPal’s (NASDAQ: PYPL) founder Peter...
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance