Temasek invests more in Singapore than China
According to Temasek's latest annual report to the end of March this year, the Singapore market increased by 3% in the Group's portfolio from 24% in the previous financial year, while China, which had the largest share for the previous two years, decreased by 5% to 22%.
Singapore will account for 27% of Temasek Holdings' portfolio in FY2022, overtaking China and regaining its position as the Group's largest market after three years of investment.
Chief Executive Officer, Temasek Holdings pointed out that the local stock market was dominated by value stocks. Temasek's major local portfolio companies, DBS $DBS Group Holdings (D05.SG)$ and Singtel $Singtel (Z74.SG)$ , had one-year total returns of about 27% and 11% respectively at the end of March this year.
Moreover, Temasek supported the financing plans of a number of locally listed companies last year. This includes participation in the $6.2 billion mandatory convertible bond issue of Singapore Airlines $SIA (C6L.SG)$ and the $1.5 billion additional share scheme of Sembcorp Marine $Sembcorp Ind (U96.SG)$.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
doctorpot1 : one thing to note is that Temasek said that the changes are mainly due to the drop in market value and not because they have sold China investments. They also mentioned they "will continue to invest into China" as they "remain confident in its fundamentals and longer term outlook."
Felayt OP doctorpot1 : thanks for the info![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")