DJT is at risk of breaking through the $10 levelgettySince its 2024 merger, Trump Media has reported low quarterly revenues with no growth. Operating expenses, meanwhile, have been larger and have increased. Therefore, the earnings pattern has been poor. Other SPAC-merger companies with similar financials have seen their stock prices fall significantly below $10 (the usual pre-merger SPAC stock price). However, while Trump Media stock has declined from enthusiastic peaks, it has remained well above $10. But ...

Core Insights - Temasek Holdings, established in 1974, has evolved from managing domestic assets in Singapore to a global investment giant with a net portfolio value projected to reach SGD 434 billion by 2025, reflecting a 7% annualized shareholder return over 20 years [2][12][15]. Historical Context and National Role - Temasek was founded during a critical period post-Singapore's independence in 1965, taking over government-owned enterprises to operate them commercially, thus separating policy-making from business management [8][10]. - Initially, Temasek acted as a "booster" for Singapore's economic development, focusing on domestic investments in key sectors like infrastructure and finance [10][12]. Investment Strategy and Portfolio Distribution - Temasek's investment strategy emphasizes global diversification with a focus on Asia, maintaining a portfolio distribution of approximately 27% in Singapore, 37% in Asia (excluding Singapore), and 36% in developed markets as of March 2025 [27][30]. - The portfolio includes significant investments in financial services (21%), transportation and industrial sectors (22%), and technology (18%), reflecting a balanced approach to risk and return [32][35]. Governance and Operational Model - Temasek operates under a unique governance structure that separates government oversight from daily operations, with a three-tier governance model involving owners, a board of directors, and an executive team [21][24]. - The organization emphasizes a market-oriented talent and incentive system, linking compensation to long-term performance to avoid short-termism [16][17]. Lessons and Global Influence - Temasek's model serves as a reference for other countries in managing state-owned capital, highlighting the importance of separating government functions from enterprise management and adopting a long-term investment perspective [72][74]. - The organization has demonstrated resilience through diversified investments, allowing it to absorb losses from specific failures while maintaining overall growth [48][41]. Future Directions - Temasek is actively investing in emerging sectors such as artificial intelligence, biotechnology, and sustainable development, positioning itself as a key player in the next wave of technological and industrial revolutions [62][64][68]. - The organization is exploring the potential of becoming a more open capital platform, integrating external funds into its investment strategies to amplify its influence [70].