Temasek net portfolio value soars, divestments hit over 2-decade high
A undated photo of a sign in the center of Singapore State Investor Temasek Holdings in the Southeast Asian City State.
Bryan van der beek | Bloomberg | Getty Images
The net portfolio value of Singapore State Investment Company Temasek Holdings has increased to a record level of $ 434 billion ($ 324 billion) for the financial year that ended in March.
This has earned more than 11% of $ 45 billion compared to a year ago and more than 11% annually.
The company attributed to the strong performance of Singapore -based companies, which are largely listed, and direct investments in China, the US and India.
Contact is an important shareholder in Singapore companies such as DBS, Capitaland and Singapore Airlines.
According to the market, the net portfolio value of TEMASEK will be 469 billion SG and will contribute to $ 35 billion from its unlocked portfolio.
The company said that it “actively controls its portfolio in the midst of a changing macroeconomic environment, and provides $ 42 billion SG investment and disposal during its fiscal year.
This is the largest investment amount and the largest disposal amount since 2022 For more than twenty years.
“Some of the portfolio is trying to reshape some of our portfolio in the next few years, to be more flexible in the environment we want to be,” he said.
Contact, geopolitical tensions remain a key risk to reduce global growth, and “despite increasing trade and geopolitical uncertainties, we continue to have a constructive perspective on investment opportunities”, he added.
An important investment place for us
In particular, the company added that the US is the biggest place for its capital thanks to its strong business foundations, deep capital markets and accelerating innovation culture.
“We see bright points like the first -class capabilities in AI, which will have a transformative effect between all sectors.”
TEMASEK also believes that migration, tariffs and financial squeezing risks are probably to the top, but it is still “careful” when it comes to future tariff developments.
Although the company does not give precise figures for the allocation of portfolio to the United States, 24% of the underlying country exposure to America up to 22% of a year ago.
TEMASEK also increased its exposure to India from 7% to 8% of its portfolio.
In contrast, exposure to China and Asia-Pacific region decreased by 1%, such as exposure to Europe, Middle East and Africa.
Considering global tensions, trade uncertainties and weaker consumption, the company said that China’s growth target could be “compelling”.
However, stronger government expenditures and consumption support sees “positive signs” and also refers to the belief in China’s long -term expectations.
“We see opportunities in the leading domestic brands that continue to scaling and grow in a flexible way,” Green Economics and Life Sciences innovations. ” He said.
