Temasek Holdings, Singapore's state investment company, reported a record net portfolio value of SG$434 billion ($324 billion) for the financial year ending in March 2025, marking an 11% year-on-year increase. This growth was attributed to strong performances from its listed Singapore companies and direct investments in major economies like China, the US, and India. The firm has been actively rebalancing its portfolio amidst a changing macroeconomic environment, with significant investments and divestments, indicating a strategic shift to enhance resilience against geopolitical tensions and global growth risks.
07-09 07:01 | 23 hours ago
The report highlights Temasek's constructive outlook on investment opportunities despite geopolitical uncertainties, particularly emphasizing the US as a key investment destination due to its robust business fundamentals and innovation culture. The firm noted a slight increase in its exposure to the Americas, reflecting confidence in the US market's potential, especially in sectors like artificial intelligence, which is expected to have a transformative impact across industries.
07-09 07:01 | 23 hours ago
Temasek's portfolio adjustments also included a slight increase in exposure to India, while reducing its stakes in China and the Asia-Pacific region. The firm expressed concerns about China's growth targets amid ongoing global tensions and trade uncertainties, although it remains optimistic about long-term opportunities in green economy sectors and life sciences innovations.
07-09 07:01 | 23 hours ago