SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates

470
Comment
Favorite

SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates

The Smart Investor2022-11-19

Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

470

Report

Comment

ECLC
·2022-11-20
Ok
Reply
Like
Report
HLPA
·2022-11-20
Good read, thanks
Reply
3
Report
Fold Replies
- Taylee:
  👍
  2022-11-20
  Reply
  Report
MO75
·2022-11-20
Ok
Reply
2
Report
Fold Replies
- MO75:
  ok
  2022-11-20
  Reply
  Report
Kennytth
·2022-11-20
[LOL]
Reply
2
Report
Fold Replies
- Edrawdet:
  ok
  2022-11-21
  Reply
  Report
eo1668
·2022-11-19
ok
Reply
3
Report
Kitsonlin
·2022-11-19
Nite
Reply
3
Report
Fold Replies
- Kitsonlin:
  up
  2022-11-19
  Reply
  Report
Le66ad
·2022-11-19
👍🏻
Reply
3
Report
Fold Replies
- Le66ad:
  👍🏻
  2022-11-19
  Reply
  Report
KYBoo
·2022-11-19
Ggg
Reply
3
Report
Fold Replies
- KYBoo:
  hh
  2022-11-19
  Reply
  Report
KYBoo
·2022-11-19
Gggh
Reply
1
Report
TeslaLegend
·2022-11-19
Nice
Reply
Like
Report
Road1Warrior
·2022-11-19
professional r as irresponsible as .....all those education .......sad
Reply
Like
Report
trendjourney
·2022-11-19
A bigger scheme devouring the smaller scheme... Nothing to see here
Reply
3
Report
atsc
·2022-11-19
Ok
Reply
1
Report
Bspn
·2022-11-19
K
Reply
1
Report
Jazling
·2022-11-19
Wow
Reply
1
Report
Fold Replies
- Jazling:
  Ok
  2022-11-19
  Reply
  Report
JesseC
·2022-11-19
Nice
Reply
1
Report
Fold Replies
- JesseC:
  Up
  2022-11-19
  Reply
  Report
- JesseC:
  Go
  2022-11-19
  Reply
  Report
- JesseC:
  Gogo
  2022-11-19
  Reply
  Report
View more 2 comments
来人
·2022-11-19
Ok
Reply
1
Report
romanc9
·2022-11-19
Temasek should invest in those crypto companies that MAS had approved cos they have to deposit a certain amount with MAS in order to set up finanical institution here.
Reply
1
Report
Fold Replies
- Tootsieroll:
  Not their money 🤣
  2022-11-19
  Reply
  Report
ShareShare
·2022-11-19
Good info.
Reply
Like
Report
kevinlaisq
·2022-11-19
Ok
Reply
Like
Report
Fold Replies
- Kelvinphan:
  Sn
  2022-11-19
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1177646844?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-11-19 08:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1177646844","market":"sg","top_or_hot":-1,"title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","media":"The Smart Investor","content":"<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Source Link</a>\n\n</div>\n","source":"lsy1602567310727","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","article_id":"1177646844","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","pubTimestamp":1668816096,"sourceInfo":{"source_id":"lsy1602567310727","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"translate_title":"新交所每周评论：淡马锡FTX、沃伦巴菲特的大买入和新加坡银行抵押贷款利率","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STI.SI":0.9},"content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9961814686,"gmtCreate":1668909337146,"gmtModify":1676538126702,"author":{"id":"4125532638806262","authorId":"4125532638806262","name":"ECLC","avatar":"https://community-static.tradeup.com/news/09fb0c58bc7fe8c4936dcdd44711a4e0","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961814686","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961154824,"gmtCreate":1668902265669,"gmtModify":1676538124988,"author":{"id":"3569274903458035","authorId":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":8,"crmLevelSwitch":1},"htmlText":"Good read, thanks","listText":"Good read, thanks","text":"Good read, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961154824","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104882105,"gmtCreate":1668913523634,"gmtModify":1668913537007,"authorId":3569208714670062,"author":{"id":3569208714670062,"authorId":3569208714670062,"name":"Taylee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961154824,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍</span>","text":"<span class=\"s1\">👍</span>","html":"<span class=\"s1\">👍</span>"}],"langContent":"EN"},{"id":9961187725,"gmtCreate":1668896514867,"gmtModify":1676538124130,"author":{"id":"3585255751373364","authorId":"3585255751373364","name":"MO75","avatar":"https://static.tigerbbs.com/d033068949889afd8c31c73da66c8e75","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961187725","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104877421,"gmtCreate":1668896521753,"gmtModify":1668896534731,"authorId":3585255751373364,"author":{"id":3585255751373364,"authorId":3585255751373364,"name":"MO75","avatar":"https://static.tigerbbs.com/d033068949889afd8c31c73da66c8e75","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961187725,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":9961112514,"gmtCreate":1668878800838,"gmtModify":1676538123784,"author":{"id":"4097757798233570","authorId":"4097757798233570","name":"Kennytth","avatar":"https://community-static.tradeup.com/news/9f6ba6d4a11e73c06f36cadd5a4473cb","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1},"htmlText":"[LOL]&nbsp;","listText":"[LOL]&nbsp;","text":"[LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961112514","repostId":1177646844,"repostType":2,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104888394,"gmtCreate":1668966129538,"gmtModify":1668966142490,"authorId":3582706432505971,"author":{"id":3582706432505971,"authorId":3582706432505971,"name":"Edrawdet","avatar":"https://static.tigerbbs.com/aa99f8231bc88d98f4cf101ac756955b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961112514,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":9961131712,"gmtCreate":1668871911237,"gmtModify":1676538123380,"author":{"id":"3560376076037644","authorId":"3560376076037644","name":"eo1668","avatar":"https://static.tigerbbs.com/039a625a00fac8daa05bb87ff64ecd3c","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961131712","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961197582,"gmtCreate":1668870552446,"gmtModify":1676538123270,"author":{"id":"4088412711170620","authorId":"4088412711170620","name":"Kitsonlin","avatar":"https://community-static.tradeup.com/news/8f861facf7d7b6166cb50fa387771267","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nite","listText":"Nite","text":"Nite","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961197582","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104876273,"gmtCreate":1668870557650,"gmtModify":1668870572594,"authorId":4088412711170620,"author":{"id":4088412711170620,"authorId":4088412711170620,"name":"Kitsonlin","avatar":"https://community-static.tradeup.com/news/8f861facf7d7b6166cb50fa387771267","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961197582,"type":1,"supId":0,"prevId":0,"content":"up","text":"up","html":"up"}],"langContent":"EN"},{"id":9961199096,"gmtCreate":1668868545316,"gmtModify":1676538123020,"author":{"id":"3569206984348246","authorId":"3569206984348246","name":"Le66ad","avatar":"https://static.tigerbbs.com/6c476ea553750ec9e5c4f1d349e84eb2","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961199096","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104875894,"gmtCreate":1668868561711,"gmtModify":1668868575009,"authorId":3569206984348246,"author":{"id":3569206984348246,"authorId":3569206984348246,"name":"Le66ad","avatar":"https://static.tigerbbs.com/6c476ea553750ec9e5c4f1d349e84eb2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961199096,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍🏻</span>","text":"<span class=\"s1\">👍🏻</span>","html":"<span class=\"s1\">👍🏻</span>"}],"langContent":"EN"},{"id":9961105933,"gmtCreate":1668867226722,"gmtModify":1676538122904,"author":{"id":"3581501341719005","authorId":"3581501341719005","name":"KYBoo","avatar":"https://static.tigerbbs.com/43072e3bdf1be8a6c0fb9e0d7c8a0558","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ggg","listText":"Ggg","text":"Ggg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961105933","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104875771,"gmtCreate":1668867231423,"gmtModify":1668867244087,"authorId":3581501341719005,"author":{"id":3581501341719005,"authorId":3581501341719005,"name":"KYBoo","avatar":"https://static.tigerbbs.com/43072e3bdf1be8a6c0fb9e0d7c8a0558","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961105933,"type":1,"supId":0,"prevId":0,"content":"<u>hh</u>","text":"<u>hh</u>","html":"<u>hh</u>"}],"langContent":"EN"},{"id":9961102799,"gmtCreate":1668867207812,"gmtModify":1676538122902,"author":{"id":"3581501341719005","authorId":"3581501341719005","name":"KYBoo","avatar":"https://static.tigerbbs.com/43072e3bdf1be8a6c0fb9e0d7c8a0558","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Gggh","listText":"Gggh","text":"Gggh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961102799","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961377022,"gmtCreate":1668863803367,"gmtModify":1676538122621,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":3,"crmLevelSwitch":1},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961377022","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961343055,"gmtCreate":1668854493578,"gmtModify":1676538121983,"author":{"id":"4098084219326670","authorId":"4098084219326670","name":"Road1Warrior","avatar":"https://community-static.tradeup.com/news/444bc0aeceab5292f15cd24cd37ab6c3","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1},"htmlText":"professional r as irresponsible as .....all those education .......sad","listText":"professional r as irresponsible as .....all those education .......sad","text":"professional r as irresponsible as .....all those education .......sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961343055","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961353618,"gmtCreate":1668849806635,"gmtModify":1676538121671,"author":{"id":"3569215424377171","authorId":"3569215424377171","name":"trendjourney","avatar":"https://community-static.tradeup.com/news/307dcb32979cd42e40f07b1cd59a6f97","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"A bigger scheme devouring the smaller scheme... Nothing to see here","listText":"A bigger scheme devouring the smaller scheme... Nothing to see here","text":"A bigger scheme devouring the smaller scheme... Nothing to see here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961353618","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961322142,"gmtCreate":1668845379087,"gmtModify":1676538121430,"author":{"id":"3562791266647459","authorId":"3562791266647459","name":"atsc","avatar":"https://static.tigerbbs.com/9ec47b1c36e59ba1ef8caac8ab619319","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961322142","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961361698,"gmtCreate":1668840799314,"gmtModify":1676538121023,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961361698","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961382333,"gmtCreate":1668838886622,"gmtModify":1676538120763,"author":{"id":"3566821013640470","authorId":"3566821013640470","name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961382333","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104872981,"gmtCreate":1668838894810,"gmtModify":1668838907575,"authorId":3566821013640470,"author":{"id":3566821013640470,"authorId":3566821013640470,"name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961382333,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9961315829,"gmtCreate":1668835997461,"gmtModify":1676538120527,"author":{"id":"3570851668487502","authorId":"3570851668487502","name":"JesseC","avatar":"https://static.tigerbbs.com/73cb54d73e1d97a9fb01c3b9cb1233a3","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":14,"repostSize":0,"link":"https://ttm.financial/post/9961315829","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104872705,"gmtCreate":1668836157763,"gmtModify":1668836170902,"authorId":3570851668487502,"author":{"id":3570851668487502,"authorId":3570851668487502,"name":"JesseC","avatar":"https://static.tigerbbs.com/73cb54d73e1d97a9fb01c3b9cb1233a3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961315829,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Up</span>","text":"<span class=\"s1\">Up</span>","html":"<span class=\"s1\">Up</span>"},{"id":104872702,"gmtCreate":1668836151888,"gmtModify":1668836165614,"authorId":3570851668487502,"author":{"id":3570851668487502,"authorId":3570851668487502,"name":"JesseC","avatar":"https://static.tigerbbs.com/73cb54d73e1d97a9fb01c3b9cb1233a3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961315829,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Go</span>","text":"<span class=\"s1\">Go</span>","html":"<span class=\"s1\">Go</span>"},{"id":104872700,"gmtCreate":1668836146723,"gmtModify":1668836160255,"authorId":3570851668487502,"author":{"id":3570851668487502,"authorId":3570851668487502,"name":"JesseC","avatar":"https://static.tigerbbs.com/73cb54d73e1d97a9fb01c3b9cb1233a3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961315829,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Gogo</span>","text":"<span class=\"s1\">Gogo</span>","html":"<span class=\"s1\">Gogo</span>"},{"id":104872698,"gmtCreate":1668836140483,"gmtModify":1668836153825,"authorId":3570851668487502,"author":{"id":3570851668487502,"authorId":3570851668487502,"name":"JesseC","avatar":"https://static.tigerbbs.com/73cb54d73e1d97a9fb01c3b9cb1233a3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961315829,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Gogogo</span>","text":"<span class=\"s1\">Gogogo</span>","html":"<span class=\"s1\">Gogogo</span>"},{"id":104872696,"gmtCreate":1668836129308,"gmtModify":1668836142772,"authorId":3570851668487502,"author":{"id":3570851668487502,"authorId":3570851668487502,"name":"JesseC","avatar":"https://static.tigerbbs.com/73cb54d73e1d97a9fb01c3b9cb1233a3","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961315829,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Oookkk</span>","text":"<span class=\"s1\">Oookkk</span>","html":"<span class=\"s1\">Oookkk</span>"}],"langContent":"EN"},{"id":9961336308,"gmtCreate":1668832614605,"gmtModify":1676538120043,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961336308","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961333533,"gmtCreate":1668831853923,"gmtModify":1676538119836,"author":{"id":"4102495020619380","authorId":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Temasek should invest in those crypto&nbsp;companies that MAS had approved cos they have to deposit a certain amount with MAS in order to set up finanical institution here.","listText":"Temasek should invest in those crypto&nbsp;companies that MAS had approved cos they have to deposit a certain amount with MAS in order to set up finanical institution here.","text":"Temasek should invest in those crypto companies that MAS had approved cos they have to deposit a certain amount with MAS in order to set up finanical institution here.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961333533","repostId":1177646844,"repostType":2,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104871891,"gmtCreate":1668833138889,"gmtModify":1668833152240,"authorId":3575535431943242,"author":{"id":3575535431943242,"authorId":3575535431943242,"name":"Tootsieroll","avatar":"https://static.tigerbbs.com/e1ec6090a100f45863daf6da5efcf9ad","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961333533,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Not their money 🤣</span>","text":"<span class=\"s1\">Not their money 🤣</span>","html":"<span class=\"s1\">Not their money 🤣</span>"}],"langContent":"EN"},{"id":9961339934,"gmtCreate":1668831473429,"gmtModify":1676538119795,"author":{"id":"4098844373599920","authorId":"4098844373599920","name":"ShareShare","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Good info.","listText":"Good info.","text":"Good info.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961339934","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9961394680,"gmtCreate":1668830750440,"gmtModify":1676538119708,"author":{"id":"3572874548548490","authorId":"3572874548548490","name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961394680","repostId":1177646844,"repostType":4,"repost":{"id":"1177646844","pubTimestamp":1668816096,"share":"https://www.laohu8.com/m/news/1177646844?lang=&edition=full","pubTime":"2022-11-19 08:01","market":"sg","language":"en","title":"SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1177646844","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights.</p><h2>Temasek Holdings</h2><p>Investment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.</p><p>FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.</p><p>Its CEO and founder, Sam-Bankman Fried, has also resigned.</p><p>Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.</p><p>The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.</p><p>It also clarified that it did not invest directly in cryptocurrencies.</p><p>The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.</p><p>Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.</p><p>Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.</p><p>Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).</p><p>Early-stage investments in such nascent companies make up just 6% of its entire portfolio.</p><p>Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.</p><h2>Warren Buffett and <a href=\"https://laohu8.com/S/TSM\">TSMC</a></h2><p>It’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.</p><p>The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.</p><p>The pendulum has now swung to the other extreme.</p><p>Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.</p><p>Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.</p><p>Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.</p><p>The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).</p><p>Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.</p><p>TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.</p><p>It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).</p><p>The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.</p><p>Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.</p><h2>Singapore bank mortgage rates</h2><p>As the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.</p><p>It’s the second time in as many months that home loan interest rates have increased.</p><p>All three banks last adjusted their home loan rates in October.</p><p>Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.</p><p>Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.</p><p>OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.</p><p>This round, the banks have bumped up their fixed rate loans to as high as 4.5%.</p><p>DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.</p><p>UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.</p><p>With the latest increase, homeowners that need to refinance are left in a quandary.</p><p>They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.</p><p>The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.</p><p>The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.</p><p>And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.</p><p>Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.</p><p>It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.</p><p>The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Temasek-FTX, Warren Buffett’s Big Buy, and Singapore Bank Mortgage Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-19 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-temasek-ftx-warren-buffetts-big-buy-and-singapore-bank-mortgage-rates/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177646844","content_text":"Welcome to the latest edition of top stock market highlights.Temasek HoldingsInvestment firm Temasek Holdings has been affected by the implosion of popular cryptocurrency trading firm FTX.FTX was one of the world’s largest cryptocurrency exchanges before it sought bankruptcy protection last week.Its CEO and founder, Sam-Bankman Fried, has also resigned.Temasek has released a statement confirming that it will write down its entire US$275 million investment in FTX, regardless of the outcome of the latter’s bankruptcy filing.The US$275 million investment was made in two separate tranches between October 2021 to January 2022 for a 2.5% stake in the cryptocurrency outfit.It also clarified that it did not invest directly in cryptocurrencies.The due diligence process for FTX was extensive and lasted approximately eight months, during which Temasek reviewed the cryptocurrency exchange’s audited financial statements and spoke to numerous people familiar with FTX and its operations.Its US$275 million investment made up 0.09% of its total portfolio value of US$403 billion as of 31 March 2022.Temasek’s rationale for investing in FTX is based on its belief that cryptocurrency exchanges form a key part of the global financial system.Hence, its thesis involved gaining exposure to the crypto markets indirectly through a fee-based model with no trading or balance sheet risk (as no direct investment in any cryptocurrency was made).Early-stage investments in such nascent companies make up just 6% of its entire portfolio.Thus far, such investments have, on average, generated a mid-teens rate of returns even though such investments are inherently riskier.Warren Buffett and TSMCIt’s been a tepid period for the semiconductor industry as chip makers have downgraded their revenue forecasts in light of slowing demand.The COVID-fuelled boom had initially led to a chronic undersupply situation as many chip makers ramped up production aggressively to tackle the shortage.The pendulum has now swung to the other extreme.Chip makers such as Micron Technology (NASDAQ: MU) are scaling back on their capital spending plans for 2023 while clearing excess inventory.Intel (NASDAQ: INTC) has also reported waning demand for personal computers as it conducts layoffs to reduce staff costs.Amid the gloom, one of the world’s best investors, Warren Buffett, has taken an opposing view.The Oracle of Omaha, as he is sometimes called, has scooped up US$5 billion worth of Taiwan Semiconductor Manufacturing Company (NYSE: TSM), or TSMC for his conglomerate Berkshire Hathaway (NYSE: BRK.B).Berkshire disclosed that it acquired around 60 million American Depository Receipts (ADRs) of TSMC for the quarter ended 30 September 2022.TSMC is the world’s leading chip maker and counts technology giants such as Apple (NASDAQ: AAPL) as its clients.It also manufactures semiconductors for clients such as Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM).The nonagenarian investor has a history of shying away from the technology sector in his earlier years but has altered his stance recently by allocating an increasing proportion of Berkshire’s investments to the technology sector.Whether Buffett’s bet on TSMC will work out or not remains to seen, but investors should remember that his investments are typically long-term and that he is giving a vote of confidence to semiconductors.Singapore bank mortgage ratesAs the US Federal Reserve raises its benchmark rates further, the local banks have also hiked their mortgage rates northward.It’s the second time in as many months that home loan interest rates have increased.All three banks last adjusted their home loan rates in October.Back then, DBS Group (SGX: D05) had fired the first salvo by raising its four fixed-rate loan packages to 3.5%.Not to be outdone, United Overseas Bank Ltd (SGX: U11), or UOB, raised its two and three-year fixed rate home loan packages to 3.75% and 3.85%, respectively.OCBC Ltd (SGX: O39) followed suit by adjusting its two-year fixed rate package to 3.5%, too.This round, the banks have bumped up their fixed rate loans to as high as 4.5%.DBS’ four fixed-rate loan packages are all set at 4.25% while OCBC’s one and two-year fixed rate mortgage loans are priced at 4.3%.UOB now has the highest rates of the trio, with its two-year package fixed at 4.5%.With the latest increase, homeowners that need to refinance are left in a quandary.They can choose a floating-rate loan such as the one DBS Group is offering. It is priced at 1% above the three-month compounded Singapore Overnight Rate Average (SORA) which is currently at 2.663%.The borrowing rate will be lower, at 3.663, than its fixed rate loans of 4.5%, but there is a two-year lock-in period.The problem is that any further increases in SORA will then bump up the floating up without the borrower being able to refinance.And it looks increasingly like the US central bank is committing to further hikes to stub out high inflation.Yet, if the same homeowner chooses a fixed rate package, he or she stands to pay substantially more than in interest payments compared to a year ago.It’s not an easy choice, but perhaps these homeowners can park some of their spare cash in shares of DBS Group to somewhat offset the higher interest.The lender’s shares are offering a trailing 12-month dividend yield of 4% right now.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104871558,"gmtCreate":1668832435919,"gmtModify":1668832449422,"authorId":3579053062900901,"author":{"id":3579053062900901,"authorId":3579053062900901,"name":"Kelvinphan","avatar":"https://static.tigerbbs.com/dd87884547b7d5f0157a229e9ea4e890","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9961394680,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Sn</span>","text":"<span class=\"s1\">Sn</span>","html":"<span class=\"s1\">Sn</span>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":470,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}