Remember in the 1990s, the foreign talent angmo CEO of our DBS Bank acquired the Hongkong Dao Heng Bank at a ridiculously high price, and then he was paid high stock bonuses, and what happened to the DBS Bank in Hongkong. Our National Bank is still paying for its mistake up to now, struggling to maintain profits in its Hongkong Branch. This bank has the reputation of making bad investment decisions overseas, that is why its share price sucks, and we hold all local bank shares in our portfolio, except this stupid bank. It never gets its foreign talent CEO right. Similarly, we dislike the foreign talent CEO of our SGX, to try this same approach of acquiring the ASX at the same ridiculously high price, with its equally ridiculously favourable terms to ASX, so ridiculous that even the substantial minority Japanese shareholder of SGX, the TSX, publicly voiced its unhappiness over the deal. Many times foreign talents suck, who does'nt know how to pay astromically high prices to acquire something to increase value, even a small insignificant retiree like me could do it. But how many decade years would it take to see benefits and profits.
Remember in the 1990s, the foreign talent angmo CEO of our DBS Bank acquired the Hongkong Dao Heng Bank at a ridiculously high price, and then he was paid high stock bonuses, and what happened to the DBS Bank in Hongkong. Our National Bank is still paying for its mistake up to now, struggling to maintain profits in its Hongkong Branch. This bank has the reputation of making bad investment decisions overseas, that is why its share price sucks,
ReplyDeleteand we hold all local bank shares in our portfolio, except this stupid bank. It never gets its foreign talent CEO right.
Similarly, we dislike the foreign talent CEO of our SGX, to try this same approach of acquiring the ASX at the same ridiculously high price, with its equally ridiculously favourable terms to ASX, so ridiculous that even the substantial minority Japanese shareholder of SGX, the TSX, publicly voiced its unhappiness over the deal.
Many times foreign talents suck, who does'nt know how to pay astromically high prices to acquire something to increase value, even a small insignificant retiree like me could do it. But how many decade years would it take to see benefits and profits.