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 US-China, and the conflicts in Ukraine and Gaza. Nadirah Zaidi reports.

[@Lurker1984]

So they underperform the s&p500 again. If CNA was truly a journalistic organization, they should compare temasek’s returns with other peer sovereign wealth fund performance as well as market indexes. For example, Norway has a return of 16.1% last year according to cnbc.

[@calvin6429]

if they buy US tbills, will 2X their current returns

[@dfc803]

Checking with Google .... The estimated total pay range for a CEO at Temasek is $83.1M-$89.0M per year, which includes base salary and additional pay. Seems reasonable to me. /s

[@dfc803]

One-year shareholder return of 1.6% when there was no recession? What will the return be if there was one? UST yield curve is uninverting ... tick tock tick tock ...

[@user-dt5gy1rt3g]

Making 7B from 389B is poor performance. That is only 1.8%.

[@ericphua2359]

Drag down by China performance.

[@dfc803]

Cut & Paste - The Monetary Authority of Singapore added 76.5 metric tons (MT) of gold to Singapore's gold holdings. According to World Gold Council data, Singapore had 153.74 metric tons of gold at the end of 2022. Thus, the 76.5 metric tons of gold added in 2023 represented a significant 49.8% rise in Singapore's gold reserves. If don't know how to invest, just buy and hold gold like MAS lah. FYI, Gold price rose 20% from a year ago.

[@xianlonglee-n6h]

Ever since HC stepped down from Temasek, its net portfolio value keeps rising.

[@martinarchie2902]

So, where do we go from here? Singaporeans seem powerless to hold Temasek, and for that matter, the GISC as well, to account. Our MPs too are either inept in questioning the government or are just as helpless.

[@mrtienphysics666]

Jul 11, 2023 Singapore state investor Temasek is in the red after posting a S$7 billion net loss for the latest financial year. Its net portfolio value is also down to S$382 billion, bringing the one-year shareholder return to a -5 per cent.

[@martinbrock713]

2. Raise income tax rate for the top 1 percent 3. Ensure revenue neutral budgets 4. Scrap GST for essential items, raise GST for luxury goods

[@ocswoodlands]

Up 2% in 2023 is actually quite pathetic, frankly. US equity market roared around 30% last year...

[@martindawn934]

Re-make the GIC/Temasek model. Our reserves are, effectively, kept with the government through two conglomerates: GIC and Temasek Holdings

[@deschan2246]

If Temasek truly did so well, do they need to squeeze so much from people? Do they need to introduced gst 9% ?😂

[@NewmaticKe]

dumb

[@martinarchie2902]

It is dangerous because, in a time where financial scandals can bring down giants in the industry, and with no political accountability in the system, those who are responsible for such losses remain at the helm, and indeed seem to enjoy the support of those in government.

[@kalvinlye7893]

If put all the money in a fixed USD FD, and hire only one man and a dog, I think the return would have been better. Not to mention saving millions of high paying salaries …!

[@martinbrock713]

SDP alternative ideas are guided by our belief that it is the people who should take the lead in driving the economy

[@martinbrock713]

SDP Solutions: To temper this rising cost of living, we proposed 10 measures: 1. Cut ministerial pay to fund assistance schemes for the poor

[@martinbrock713]

5.Legislate Minimum Wage 6.Reinstate Estate Duty 7.Reduce Healthcare Cost 8.Lower HDB Prices

[@martinarchie2902]

Temasek Holdings seems to be caught in a cycle of bad and inept decision making. In a country which brooks no failure, it is a wonder that despite the failings of the past few years, no one - at all - in the sovereign wealth fund has been held responsible.

[@deschan2246]

Who believe?😂

[@martinbrock713]

9.Return CPF Savings 10.Stop profligate public spending

[@martinarchie2902]

Singaporeans must realize that it is dangerous for an organizations such as Temasek and the GISC to be in charge of half a trillion dollars of their money, make huge losses and remain secretive.

[@makkahcat5040]

SNOR 💤💤💤 Snorlex to the moon 🌖🚀🚀🚀❤💛💙💚🍉 WTM

[@exploringapis4495]

wow I outperform Temasek.

[@NewmaticKe]

FD in USD is 5.1%

[@anziar3038]

Wow! Temasek is the brainchild of the PAP govt. PAP is obviously the only competent and responsible party in s'pore.❤❤