Temasek’s net portfolio value hits record high | 2019-07-10

Temasek’s net portfolio value hits record high

10 July, 2019 12:00 AM printer

SINGAPORE: Temasek Holdings on Tuesday reported a record net portfolio value for the last financial year – its third in a row – despite pulling back its pace of investment to navigate a tough environment.

The Singapore state investment firm said that it will stay cautious looking ahead, and warned of lower returns expectations amid headwinds like a protracted trade spat between the United States and China, report agencies.

For the year ended Mar 31, Temasek’s net portfolio value rose to S$313 billion from S$308 billion a year ago, according to its latest annual review.

Its one-year total shareholder return, however, fell to 1.49 per cent, compared to the 12.19 per cent a year ago, on the back of market volatility.


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