Singapore’s Temasek assets rise 13.6pc to a record US$197b
Singapore state investment firm Temasek Holdings reported an upbeat year, with portfolio value rising to a record US$197 billion for the 12 months to March
Singapore state investment firm Temasek Holdings on Tuesday said the value of its portfolio rose on an improved global economic environment.
The firm said its portfolio value rose S$33 billion (US$23.84 billion) to a record S$275 billion in the year to March. In contrast, its assets had fallen to S$242 billion in 2016 from the previous year.
Net profit rose to S$14 billion from S$8 billion.
Total shareholder return for the year was 13 per cent, and 10-year and 20-year returns were 4 per cent and 6 per cent respectively, the firm said.
A more stabilised global economy, however, is not without challenges from the interplay of variables of stretched market valuations, liquidity and political risks.
As such, the firm said it would take a “cautiously positive” view moving forward.