StockNews - Temasek sells off stake in Olam and LMA

Temasek today announced more sale of its stake in Singapore-listed companies. This announcement comes after Temasek's high profile sale of its shares in Singtel. Temasek will pare down its stake in medical device manufacturer, LMA International and sell off all its stake in commodities trading company, Olam International. Previously, it has sold off its stake in companies like China Sun. This latest sale could either indicate a profit-taking session for Temasek or that it is looking to fund other better acquisitions overseas.

Better as in providing better returns, which could mean to indicate that Singapore's STI index is nearing its peak and most stocks in Singapore has reached an 'overbought' state. On the other hand, we should still note that many Singapore listed companies still have a low P/E ratio which should still provide some upside for investors.