It is also committed to a longer-term ambition of net zero emissions by 2050 for its portfolio. Temasek said its portfolio value dropped 2.2% to S$306 billion ($220.30 billion) in the year to March 2020. Temasek Holdings Pte Ltd chief executive officer (CEO) Ho Ching suggested Singapore’s state-owned investor could still have a portfolio value of more than S$300 billion (US$215 billion or RM919.95 billion), or not very far from that, despite the impact of Covid-19 on the global economy. Temasek's portfolio value drops for first time in 4 years, 3 Stocks to Buy and Hold for the Next 10 Years, Looking For SPAC Stocks To Buy In 2021? Mediacorp Pte Ltd. All rights reserved. The last time Temasek saw a negative one-year return was in 2016, when declines in the share prices of its listed investments pulled down the rate to -9.02 per cent. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners. The portfolio has grown to a record S$198 billion in March 2012, with a net cash position. Ms. Ching was responding to reports that the value could be “north of S$300 billion” as of end-March 2020. Singapore’s Temasek reports 2.2 per cent drop in portfolio value amid pandemic The drop to US$220 billion in the latest year compared with a 1.6 … Supported by 11 offices internationally, Temasek owns a net portfolio value of S$306 billion (US$214 billion) as at 31 March 2020. We must do things today, with the next one, two or three decades in mind.”. Citing disruptions amid the COVID-19 pandemic, the Singapore state investment firm had delayed its usual annual reporting from July to September this year. Temasek, according to Libra, was a valuable addition due to its forward-thinking, long-term view that saw the value in blockchain. A+. These are longer-term growth opportunities that complement its exposure in major Singapore firms, as well as efforts by its investment firm Heliconia Capital to help small- and medium-sized enterprises scale beyond Singapore, it said. Like many companies around the world, Temasek Holdings was not spared from the impact brought by the Covid-19 pandemic. You have to hand it to Temasek Holdings.. Asked by CNA if the return rate could remain negative in the next financial year, she replied that global markets have recovered from its lows since end-March. “So that should give you an indication as to where we stand,” Ms Png added. We post daily. © 2020, Nasdaq, Inc. All Rights Reserved. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Let’s take a closer look at some notable firms under Temasek’s portfolio. Temasek said it has continued to grow its exposure in North America (17 per cent) where it sees opportunities in line with key structural trends. Temasek said its portfolio value dropped 2.2% to S$306 billion ($220.30 billion) in the year to March 2020. Temasek Portfolio Value since Inception In Singapore, it backed homegrown cashback platform ShopBack and plant-based meat alternative maker Growthwell Group. Some of these trends include e-commerce and digital payments, which have seen an acceleration in recent months and are “here to stay”, said Ms Png, adding that this is why Temasek has taken the opportunity to deepen its exposure in the payments space. That’s not to say the decline in public equities spells outright doom for Temasek. 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Latest Shareholder Return is Negative. Together with Europe (10 per cent), these two developed markets now form more than a quarter of its underlying portfolio exposure. This value is the same as its preliminary portfolio performance. SINGAPORE (THE BUSINESS TIMES) - Temasek Holdings' chief executive Ho Ching has not denied reports that the state investment firm had a portfolio value of … The firm revealed that its portfolio value in US dollars came down from $235 Bn to $231 Bn in the year ended March 31, 2019. As investors, we should be investing for the long term and … Despite the drop in the last financial year, Temasek said its net portfolio value was up S$120 billion over the past 10 years and has nearly tripled since two decades ago. Temasek said it remains committed to halve the net carbon emissions attributable to its portfolio by 2030, with Mr Yeoh noting that the state investor will work closely with its portfolio companies in this area. Overall, Asia remained the anchor of Temasek’s portfolio at 66 per cent, with China (29 per cent) and Singapore (24 per cent) remaining the top two markets. Mr Dilhan Pillay Sandrasegara, CEO of Temasek International, said savings from these cost-cutting measures went towards supporting various COVID-19 initiatives in the community. From a portfolio of S$77 billion in March 2002, Temasek began actively investing in Asia and beyond. Create your Watchlist to save your favorite quotes on Nasdaq.com. Investments outpaced divestments during the year. These symbols will be available throughout the site during your session. Its one-year total shareholder return, which takes into account all dividends distributed to shareholders minus any capital injections, turned negative at -2.28 per cent, compared with a 1.49 per cent gain a year ago. Well, because this figure is $33 billion more than last year’s valuation of $275 billion. This figure had also dipped below zero during previous crises – it was about -30 per cent in 2009 during the global financial crisis and about -19 per cent amid the Severe Acute Respiratory Syndrome (SARS) outbreak in 2003. Ranked among the biggest investors in the world, Temasek's TEM.UL key holdings include DBS Group DBSM.SI, China Construction Bank 0939.HK and Standard Chartered STAN.L. This gives us the flexibility to invest in the longer term, right through market dislocations and reposition our portfolio for the post COVID-19 recovery,” he added. Despite the drop in the last financial year, Temasek said its net portfolio value was up S$120 billion over the past 10 years and has nearly tripled since two decades ago. Singapore investment firm Temasek Holdings has reported a record net portfolio value of $313 billion for the financial year ended March 31, 2019. Temasek’s one-year Total Shareholder Return (TSR) was 12.19%, with compounded annualised returns of 15% since inception in 1974 – 44 years ago. Temasek Holdings announced on Tuesday (Jul 11) a Record Net Portfolio value of S$275 billion (US$197 billion) as at end-March 2017, up from S$242 billion (US$180 billion) a year ago. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Singapore News - The Covid-19 pandemic took its toll on Temasek' s portfolio but did not hurt it too badly, preliminary numbers released yesterday showed. SINGAPORE (July 21): Temasek Holdings said it was ready to invest in opportunities arising from volatile markets after the Singapore state investor's net portfolio value (NPV) declined for the first time in four years, hit by the coronavirus pandemic. Portfolio Value of S$306 Billion. Temasek has just announced that it closed the financial year ended 31 March 2020 with a Net Portfolio Value (NPV) of S$306 billion. Since its inception in 1974, Temasek has grown its investment portfolio’s net portfolio value (NPV) from S$354 million to S$306 billion (as of 31 Mar 2020).. For the uninitiated, Temasek is a global investment company based in Singapore. This came after three consecutive years of gains, with its NPV edging up 1.6% to a record S$313 billion in the year to March 2019. Temasek reported one-year total shareholder returns of minus 2.3%. Invested during the decade-2.28%-0 % One-year return to shareholder. SINGAPORE: Temasek Holdings on Tuesday (Sep 8) announced a fall in its net portfolio value for the last financial year – its first in four years – but said its balance sheet remains “resilient” and that it has the flexibility to rebalance its portfolio accordingly. Temasek published our annual Temasek Review today, reporting a record net portfolio value of S$308 billion , and a net cash position for the financial year that ended on 31 March 2018. Imagine Company X issues 50 shares of stock, priced at $2.00 each. “We ended the year with a strong and resilient balance sheet. Copyright© Mediacorp 2020. Temasek, according to Libra, was a valuable addition due to its forward-thinking, long-term view that saw the value in blockchain. In its annual report, Temasek said it invested S$32 billion and divested S$26 billion in the last financial year. It looks like the email address you entered is not valid. A-A. Temasek Holdings said it was ready to invest in opportunities arising from volatile markets after the Singapore state investor's net portfolio value (NPV) declined for the first time in four years, hit by the coronavirus pandemic. Jeffrey Tan Published on Fri, Jul 24, 2020 / 7:00 AM GMT+8. "We were not spared the impact of COVID," Pillay said in a video, adding that the end of Temasek's financial year coincided with some of the worst of the market dislocation during the pandemic. How to calculate Temasek's various eggs. Based on current unaudited management information, Temasek's preliminary net portfolio value stood at S$306 billion as at March 31 this year, about 2.2 per cent below the year-ago S$313 billion on a Singapore-dollar conversion basis. Temasek is an investment company with a net portfolio value of S$313 billion as at 31 March 2019. Technology, and life sciences and healthcare were other areas it invested in. This value is the same as its preliminary portfolio performance. "On the whole, we are pleased with our performance, despite the sharp correction due to COVID-19," Dilhan Pillay, CEO of Temasek International, said in a statement. It did so in February, when it also announced a “partial cut” in the annual bonuses of its senior management team and a voluntary pay cut scheme for the senior management. Temasek portfolio has had a negative total shareholder 1 year return (TSR) of -2.3%. Sustainability also remains at its core, according to Temasek, which said it closed the year with carbon neutrality as a company. Fall in net portfolio due to Covid-19 )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. 2. That is 2.2 per cent lower than last year's record $313 billion, the company said in its annual review yesterday. Do Not Hold on to Investments Forever. Read our Chairman's message Watch Temasek Year in Review We ended the year with a net portfolio value of S$306 billion. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Temasek Holdings held onto gains in its portfolio amid global trade uncertainties after selling S$28bn ($20.6bn) of holdings as US equity markets hit record highs and its unlisted assets outperformed. Temasek said on Tuesday its portfolio value fell 2.2% to S$306 billion ($220.30 billion) in the year to March 2020. How do we value our portfolio? The firm revealed that its portfolio value in US dollars came down from $235 Bn to $231 Bn in the year ended March 31, 2019. (Additional reporting by Aradhana Aravindan; Editing by Jacqueline Wong). It said all the numbers were preliminary ahead of the September release of its final audited data, which had been delayed as many portfolio companies with global operations were affected by lockdowns. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? We derive our portfolio value 1 based on share prices 2 as at our financial year end every 31 March for listed investments and book values 3 … Guess it’s time to break out the champagne and celebrate, fellow Singaporeans? Singapore’s state investment firm Temasek Holdings announced that their net portfolio value hit S$308 billion in the last financial year. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. “The unpredictable paths of COVID-19 and geopolitical issues pose significant uncertainties in the near term,” said Ms Png in the press release. Temasek's net portfolio value dropped to S$306 billion, about 2.2 per cent below the year-ago S$313 billion on a Singapore-dollar conversion basis. Temasek Holdings Pte Ltd chief executive officer (CEO) Ho Ching suggested Singapore’s state-owned investor could still have a portfolio value of more than S$300 billion (US$215 billion or RM919.95 billion), or not very far from that, despite the impact of Covid-19 on the global economy. Temasek said it added to its stakes in PayPal, Mastercard and Visa, as well as invested in promising emerging firms such as Blend, a US-based digital lending platform for mortgages and consumer banking. She said she was "impressed with the analyses" from the reports which speculated on the portfolio performance, and that the figures were "pretty close to (Temasek's) own management estimates". This service is not intended for persons residing in the EU. Temasek's chief executive officer Ho Ching has not denied reports that the Singapore investment firm had a portfolio value of more than $300 billion as of March 31.. Read more at straitstimes.com. It ended the year with a "resilient balance sheet", said Temasek. The latest net portfolio value is also slightly lower than fiscal 2018's S$308 billion. Temasek's net portfolio value dips 2.2% on virus fallout It continues to raise exposure in non-listed companies; financial services still a key focus As of 31 March 2020, the net portfolio value or NPV is at S$306 billion. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i