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. Temasek portfolio has had a negative total shareholder 1 year return (TSR) of -2.3%. The latest net portfolio … 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 … Singapore investment firm Temasek Holdings has reported a record net portfolio value of $313 billion for the financial year ended March 31, 2019. Ms Png Chin Yee, deputy chief financial officer and head of financial services, said at a virtual press conference that the one-year shareholder return needs to be seen in the context of how global markets hit the troughs in the quarter up to Mar 31 with the onset of the COVID-19 pandemic. This is the first fall in Temasek’s portfolio value since 2016. How do we value our portfolio? )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. Temasek invested about S$32 billion in assets and divested about S$26 billion in the same period. Other questions raised at the virtual press conference include whether Temasek would consider another round of company-wide salary freeze. She said: “What we’ll like to do is to really take a look at trends that we’ve identified, see what’s relevant, what’s accelerated and make bigger bets against those which we think are going to benefit in this environment and coming out of this environment.”. 66% 0 % Exposure to Asia. 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. “The pandemic cut short a promising end to our performance this year but the resilience of our portfolio came through for us,” said Mr Yeoh Keat Chuan, senior managing director of the enterprise development group and deputy head of its Singapore projects. 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. For the year ended Mar 31, Temasek’s net portfolio value fell to S$306 billion, compared with a record gain of S$313 billion a year ago, according … Temasek said the drop in its portfolio value compared with an 18.3% slump in MSCI’s Singapore index and a 5% fall in MSCI’s World index. This value is the same as its preliminary portfolio performance. 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 record S$313 billion it achieved a year ago, READ: Temasek's portfolio value falls 2.2% amid COVID-19 pandemic, READ: Temasek freezes staff salaries, senior management to take partial cut in bonuses, BOOKMARK THIS: Our comprehensive coverage of the coronavirus outbreak and its developments. Temasek Holdings (Private) Limited (abbreviated as Temasek) is a Singaporean holding company, owned by the Government of Singapore.Incorporated on 25 June 1974 as a Commercial Investment Company, Temasek owns and manages a net portfolio of S$306 billion (as of 31 March 2020), with S$26 billion divested and S$32 billion invested during the year, and 66% exposure to Asia – 24% Singapore … S$240b S$ 0 b. Create your Watchlist to save your favorite quotes on Nasdaq.com. (Additional reporting by Aradhana Aravindan; Editing by Jacqueline Wong). 3 Names To Watch, var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? Yes! The financial services (23 per cent) remained the biggest sector in its portfolio, with an increased exposure to the payments sector and other non-bank financial services companies. "We were not spared the impact of COVID," Dilhan Pillay, CEO of Temasek International, said in a pre-recorded video, adding that the end of Temasek's financial year coincided with some of the worst of the market dislocation during the pandemic. Well, because this figure is $33 billion more than last year’s valuation of $275 billion. The Singapore-based Investment company posted a one-year Total Shareholder Return of 13.4 per cent for the year, reversing from the 9 per cent decline the year before. Temasek said the performance of its portfolio compared with a decline of 18.3% in MSCI's Singapore index and a 9% fall in MSCI's Asia shares ex-Japan index .MIAPJ0000PUS. 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. “Going forward, we have to monitor the situation to see what we need to do with our remuneration for our staff and that is something that we are paying very close attention to,” he added. “We ended the year with a strong and resilient balance sheet. The figures released on Tuesday as part of its final audited consolidated group financials and portfolio performance were similar to the preliminary numbers it announced in July. Net portfolio value. Sustainability also remains at its core, according to Temasek, which said it closed the year with carbon neutrality as a company. This value is the same as its preliminary portfolio performance. Here are some take away from this announcement. In the life sciences and healthcare space, it invested in biopharmaceutical companies developing new drugs and therapeutic solutions such as US-based Beam Therapeutics and Coherus BioSciences. As investors, we should be investing for the long term and … Technology, and life sciences and healthcare were other areas it invested in. Temasek, one of the most active private equity style investors in India, saw its net portfolio value decline for the first time since the global financial crisis in 2008-09 as it was stung by the poor performance of its investments in listed companies. Here are some take away from this announcement. Still, Temasek noted that its net portfolio in 2020 was up S$120 billion over the decade, and is almost triple the value two decades ago. A-A. 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. “We will stay watchful and remain disciplined in our investment approach, as we focus on building a portfolio that will benefit from policy tailwinds and is resilient in the long term.". 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. SINGAPORE - Temasek Holdings announced on Tuesday (July 21) a preliminary net portfolio value (NPV) of $306 billion in the year to March 31, a … 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. These symbols will be available throughout the site during your session. Jeffrey Tan Published on Fri, Jul 24, 2020 / 7:00 AM GMT+8. That is 2.2 per cent lower than last year's record $313 billion, the company said in its annual review yesterday. Temasek, which has a portfolio value of 313 billion Singapore dollars ( $219 billion), is now one of the more prominent backers of libra. 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. Temasek is no different. 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Temasek’s portfolio value, returns slip on Covid Company in the news Temasek’s portfolio value, returns slip on Covid. 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. 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's 1.6% portfolio gain for the year to March 31, 2019 came after a 12% increase a year ago and took its net portfolio value to a record S$313 billion (£184.6 billion). Temasek’s portfolio was valued at $$313 billion as at March 31, 2020. 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 chairman Lim Boon Heng said: “Ultimately, the purpose of enterprises is to offer sustainable solutions for a better world. The investment firm said its preliminary NPV of S$306 billion, had tripled over 16 … 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. Ms. Ching was responding to reports that the value could be “north of S$300 billion” as of end-March 2020. 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". Temasek said its portfolio value dropped 2.2% to S$306 billion ($220.30 billion) in the year to March 2020. Portfolio Value of S$306 Billion. Portfolio Value of S$306 Billion. 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. © 2020, Nasdaq, Inc. All Rights Reserved. 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 has just announced that it closed the financial year ended 31 March 2020 with a Net Portfolio Value (NPV) of S$306 billion. Temasek, according to Libra, was a valuable addition due to its forward-thinking, long-term view that saw the value in blockchain. “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 fell to 306 billion Singapore dollars ($223.73 billion) for the financial year that ended March 31. 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. Temasek’s portfolio is made up of listed and unlisted investments, other assets and liabilities. Supported by 11 offices internationally, Temasek owns a net portfolio value of S$306 billion (US$214 billion) as at 31 March 2020. We repeat the same process for 2019, the details of which are too gruesome to elaborate. Temasek had a portfolio value of S$313 billion as of March 31, 2019, and one of its top executives told Bloomberg in January that the portfolio was up … Mediacorp Pte Ltd. All rights reserved. Temasek, according to Libra, was a valuable addition due to its forward-thinking, long-term view that saw the value in blockchain. Temasek's one-year total shareholder return (TSR) was -2.28 percent in the financial year ended on March 31, 2020. As of 31 March 2020, the net portfolio value or NPV is at S$306 billion. Based on our assessments of any likely sustained loss, consistent with our intrinsic value discipline, we may manage the risks as follows: Divest, hold or protect the individual investment impacted; Change the portfolio composition for the long run; Take actions to protect the portfolio. Fall in net portfolio due to Covid-19 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 said its portfolio value dropped 2.2% to S$306 billion ($220.30 billion) in the year to March 2020. It is also committed to a longer-term ambition of net zero emissions by 2050 for its portfolio. Its 10-year total shareholder return was at 5 per cent, while the 20-year equivalent stood at 6 per cent, it said in a press release. 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. About Temasek. 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. Since then, however, the value of its listed assets has risen. Temasek portfolio value dips 2.2% to $306 billion amid Covid-19: Preliminary data SINGAPORE - Temasek Holdings announced on Tuesday (July 21) a preliminary net portfolio value (NPV) of $306 billion in the year to March 31, a 2.2 per cent decline from the record $313 billion achieved a year ago. Invested during the decade-2.28%-0 % One-year return to shareholder. 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. Citing disruptions amid the COVID-19 pandemic, the Singapore state investment firm had delayed its usual annual reporting from July to September this year. Together with Europe (10 per cent), these two developed markets now form more than a quarter of its underlying portfolio exposure. Temasek said the drop in its portfolio value compared with an 18.3% slump in MSCI's Singapore index and a 5% fall in MSCI's World index. Despite the challenges, the pandemic has “amplified and accelerated” certain structural trends and one way for Temasek to shape its portfolio for the future is “to seek innovative companies at the forefront of developing new, sometimes disruptive, solutions that create new opportunities”, said Mr Yeoh. S$306b S$ 0 b. Temasek Holdings Made $21 Billion Net Profit In 2018. “But it’s a bit early to say whether we need to take any further action, one way or another.”, Download our app or subscribe to our Telegram channel for the latest updates on the coronavirus outbreak: https://cna.asia/telegram. First, here's a simple guide to calculating portfolio value from one year to the next. "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. 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. 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 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. 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. A+. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners. It also noted concerns about rising geopolitical and trade tensions caused by the US-China strategic rivalry and the US presidential election in November. 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. Our investment philosophy is anchored around four key themes: Transforming Economies 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. Again, the United States accounted for the largest share of new investments, followed by China and Singapore. SINGAPORE, July 21 (Reuters) - Temasek Holdings' net portfolio value (NPV) fell for the first time in four years, hit by the coronavirus pandemic but the Singapore state investor said on Tuesday it was ready to invest in opportunities arising from volatile market conditions. See also: Our free investing telegram channel. 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. 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. 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. It ended the year with a "resilient balance sheet", said Temasek. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. From a portfolio of S$77 billion in March 2002, Temasek began actively investing in Asia and beyond. In Singapore, it backed homegrown cashback platform ShopBack and plant-based meat alternative maker Growthwell Group. 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 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. Read our Chairman's message Watch Temasek Year in Review We ended the year with a net portfolio value of S$306 billion. 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. "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. 2. SINGAPORE, July 21 — Singapore-based, Temasek, today reported a preliminary net portfolio value (NPV) of S$306 billion (RM937.6 billion) as at March 31, 2020. 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. We must do things today, with the next one, two or three decades in mind.”. We post daily. This is the first fall in Temasek’s portfolio value since 2016. This resiliency boiled down to Temasek’s “limited exposure” to the badly-hit travel, hospitality and entertainment sectors, said Mr Yeoh at the same press conference. 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. Latest Shareholder Return is Negative. Our portfolio is S$306 billion and is focused primarily in Asia and Singapore. Investments outpaced divestments during the year. It looks like the email address you entered is not valid. For the year ended Mar 31, its net portfolio value dropped to S$306 billion, down 2.2 per cent from the record S$313 billion it achieved a year ago, according to its final annual review. Last time Temasek saw a year-on-year decline in net portfolio value was in the financial year ended on March 31, 2016. Singapore’s state investment firm Temasek Holdings announced that their net portfolio value hit S$308 billion in the last financial year.. Why is this significant? In its annual report, Temasek said it invested S$32 billion and divested S$26 billion in the last financial year. SINGAPORE, July 21 — Singapore-based, Temasek, today reported a preliminary net portfolio value (NPV) of S$306 billion (RM937.6 billion) as at March 31, 2020. Fall in net portfolio due to Covid-19 Temasek reported one-year total shareholder returns of minus 2.3%. Temasek said its portfolio value dropped 2.2% to S$306 billion ($220.30 billion) in the year to March 2020. In the technology sector, Temasek invested in Duck Creek Technologies, a US-based software provider to the property and casualty insurance industry, and European home improvement product e-marketplace ManoMano. Temasek's net portfolio was valued at $306 billion as at March 31, 2020. Let’s take a closer look at some notable firms under Temasek’s portfolio. Temasek said on Tuesday its portfolio value fell 2.2% to S$306 billion ($220.30 billion) in the year to March 2020.