We know that many of our blue-chip stocks are partially owned by the Singapore Government sovereign wealth fund, Temasek Holdings. In fact, there are plenty of investors who find comfort in investing in Temasek-backed companies.
I was curious to find how many of 30 Straits Times Index (STI) stocks had Temasek as a major shareholder.
How much of these blue chip stocks did they own and how did they perform?
The purpose of this article is to highlight some of my findings which you could find useful or interesting.
Temasek owns 12 out of 30 STI stocksI downloaded every STI stock’s annual report to find out the largest shareholders of the companies.
There are 30 stocks representing the STI and out of which 12 are owned by Temasek. They are
SIA – 55.71% SingTel – 52.35% ST Engineering – 50.97% Sembcorp Ind – 49.4% SATS – 40.01% CapitaLand – 39.99%...
