A signage for Temasek Holdings is displayed throughout a information convention following the corporate’s annual assessment in Singapore on July 9, 2019.
Bryan van der Beek | Bloomberg | Getty Photographs
SINGAPORE — Singapore’s state funding firm Temasek stated Tuesday the online worth of its portfolio reached a report excessive within the monetary yr that ended March 31.
In its annual report, the investor stated its portfolio grew to 381 billion Singapore {dollars} (round $283 billion) as of end-March. That is in contrast with 306 billion Singapore {dollars} a yr in the past, when the dimensions of Temasek’s portfolio fell for the primary time since 2016.
The portfolio enlargement got here as Temasek’s one-year shareholder return jumped to 24.53% in Singapore greenback phrases, the corporate stated. Returns have been 7% over a 10-year interval and eight% over 20 years, it added. These returns took under consideration all dividends paid to Temasek’s shareholder, minus any capital injections.
Temasek is owned by the federal government of Singapore.
Throughout the monetary yr, Temasek invested 49 billion Singapore {dollars} and divested 39 billion Singapore {dollars} — report numbers on each counts.
Temasek is an lively fairness investor in each the private and non-private area. The corporate invested primarily in Singapore firms in its early days, however has became a serious international investor in recent times.
The corporate — a carefully adopted investor — has invested in main regional web start-ups corresponding to Singapore-based Sea and Indonesia’s GoTo Group. It additionally has a stake in German biotech agency BioNTech, which developed a Covid-19 vaccine with American pharmaceutical big Pfizer.