Temasek Holdings is a private investment company wholly owned by the Singapore government. As of 31 March 2020, Temasek manages a net portfolio of S$306 billion. Some notable holdings in the portfolio include Singapore blue chips like DBS Group, Singapore Airlines, and CapitaLand; and foreign stocks like Visa, Alibaba, and Meituan Dianping. Temasek Review is an annual event in which Temasek executives examine the fund’s performance over the past year and share their thoughts on a host of topics from portfolio allocation to market outlook. We first attended Temasek Review in 2019, and were also invited to cover the event this year as we look at how COVID-19 has impacted Temasek and its portfolio of companies. Here are 10 things I learned from Temasek Review 2020: 1. Temasek’s net portfolio value fell 2.3% to S$3.06 billion in FY2020 mainly due to the impact of COVID-19. In comparison with the indices and...