SINGAPORE: Temasek Holdings on Tuesday (Jul 13) reported a record net portfolio value for the last financial year, while signalling cautious optimism in the global economy for the short to medium term.
For the year ended Mar 31, its net portfolio was valued at S$381 billion, an increase of S$75 billion - or nearly 25 per cent - from the S$306 billion it achieved a year ago, according to its latest annual review.
This marks a turnaround from the previous financial year of 2019/2020, which saw a 2.2 per cent drop in the net portfolio value due to the COVID-19 pandemic.
Its one-year total shareholder return, which takes into account all dividends distributed to shareholders minus any capital injections, turned positive at 24.53 per cent, compared with the -2.28 per cent a year ago.
Over a longer term, its 10-year and 20-year total shareholder returns came in at 7 pe...
