Temasek reports net portfolio value of $389b, up $7b from last year
Singapore state investor Temasek's net portfolio value went up by S$7 billion, bringing the total to S$389 billion in its latest financial year. That's mainly due to investment returns from the US and India. One-year shareholder return rose to 1.6%, from -5% last year. Singapore remains the single largest market in Temasek's portfolio, followed by the Americas and China. Looking ahead, Temasek sees risks in geopolitical tensions between the US and China, and the conflicts in Ukraine and Gaza. Nadirah Zaidi and Eugene Chow have this report.
Singapore state investor Temasek's net portfolio value went up by S$7 billion, bringing the total to S$389 billion in its latest financial year. That's mainly due to investment returns from the US and India. One-year shareholder return rose to 1.6%, from -5% last year. Singapore remains the single largest market in Temasek's portfolio, followed by the Americas and China. Looking ahead, Temasek sees risks in geopolitical tensions between the US and China, and the conflicts in Ukraine and Gaza. Nadirah Zaidi and Eugene Chow have this report.
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