1. Steady long-term performance
Temasek’s one-year total shareholder return (TSR) turned negative at -5.07% for fiscal 2023 (FY2023). In contrast, FY2022 saw a TSR of +5.81% while FY2021’s TSR touched +24.53%, the highest since FY2010....It has been a year since we covered Temasek Holdings 2022’s Annual Review where its portfolio hit an all-time high.
Fast forward to today, and the investment firm has released its 2023 Annual Review.
Its portfolio value stood at S$382 billion as of 31 March 2023, dipping by 5.2% from the S$403 billion a year ago.
The firm attributed persistent inflation along with geopolitical tensions and the Russia-Ukraine war as some of the reasons for the fall in its portfolio value.
Temasek’s chairman, Lim Boon Heng, noted that 2022 counts as one of the most challenging years for markets in the last decade due to the combination of high interest rates and slower growth.
Here are five highlights from Temasek’s latest Annual Review.
