Temasek

Singapore's state-owned investor Temasek Holdings Pte said it's adopting a cautious outlook and sees more market declines after posting a 5.8% return for ...

Temasek said the risk of a mild recession in the US into 2023 has risen due to tighter financial conditions and geopolitical uncertainty. The $287 billion firm said it will slow the pace of investments given the likelihood of a recession in developed markets. Singapore’s state-owned investor Temasek Holdings Pte said it’s adopting a cautious outlook and sees more market declines after posting a 5.8% return for the fiscal year as gains in domestic stocks offset widespread declines in China.

Singapore's Temasek Holdings anticipates slowing down its investments due to a deteriorating global economy, after posting a nearly 6% rise in its portfolio ...

Unlisted assets comprise real estate developer Mapletree Investments, port operator PSA International and Singapore Power Group. He said the global economic slowdown is likely to extend through this year and potentially into 2023. Register now for FREE unlimited access to Reuters.com

TEMASEK'S net portfolio value has increased to S$403 billion as at end-March 2022, crossing the S$400 billion threshold for the first time, according to its ...

Its one-year total shareholder return, which takes into account all dividends distributed to the shareholder minus any capital injections, stayed positive at ...

Temasek said it uses this to assess a company's impact on the climate and guide its investment decisions. “For China, our exposure has decreased and this is due to the drop in the market value of our China portfolio. Temasek Holdings’ unlisted assets saw a 16.2 per cent internal rate of return over the last 20 years, compared to 6.7 per cent from its listed assets. This is a smaller growth than in the previous financial year of 2020/2021, when Temasek reported a S$75 billion increase, or nearly 25 per cent spike in its net portfolio value. It hopes to reach net zero carbon emissions by 2050. Sustainability “remains at the core” at Temasek, it said in its press release, noting that it is aiming to reduce the net carbon emissions of its portfolio to half of 2010 levels by 2030.

Temasek, the Singapore government-owned investment company, reported a 5.8% fiscal year gain, with cautious outlook for the current year.

Meanwhile, Temasek's exposure to unlisted assets climbed to a record 52% from 45% the year before. "We're in a bear market right now in the U.S. and Europe," with the decline in value for those countries' stocks almost entirely a function of rising rates, Mr. Sipahimalani said. "Historically, when you've had a bear market like this…you only trough after the Fed has shown that it's stopped tightening and moved toward policy easing and given the Fed's current stance, we don't see that happening quickly," Mr. Sipahimalani said. Temasek executives said the fund's investments continue to be guided by four long-term structural trends: digitization, sustainable living, future of consumption and longer lifespans. Performance for the decade was not available. Divestments totaled S$37 billion, down from S$39 billion.

This means that by 2030, its total net portfolio emissions have to be reduced to 11 million tonnes of carbon dioxide equivalent, said Lim Ming Pey, managing ...

Singapore's Temasek Holdings (TEM.UL) posted a nearly 6% increase in its portfolio value to a record S$403 billion ($286.5 billion) in the year to March ...

Register now for FREE unlimited access to Reuters.com Temasek executives, however, told a news conference on Tuesday that they expect the pace of investments to slow due to a fragile global economy. Register now for FREE unlimited access to Reuters.com

SINGAPORE -- Singapore state-owned investor Temasek will take a 'more cautious' approach on investments and slow the pace of its bets this fiscal year.

State-owned fund signals general caution but says worst of China tech regulatory crackdown has passed.