SINGAPORE: Temasek Holdings on Tuesday (Jul 10) reported a record net portfolio value for the last financial year – its second in a row – though the Singapore investment company flagged the probability of increasing downside risks in the near term and plans to slow its investment pace over the next nine to 18 months.
Its net portfolio value rose to S$308 billion for the financial year ended Mar 31, up $33 billion from S$275 billion a year ago, the Singapore investment firm said in its annual review.
“Our net portfolio value passed the S$300 billion mark for the first time. It is now almost three times the dot-com peak of just over S$100 billion at the turn of the millennium,” said Mr Lee Theng Kiat, CEO and executive director of Temasek International, in a statement.
More at Temasek’s net portfolio value hits record high of S$308 B
Its net portfolio value rose to S$308 billion for the financial year ended Mar 31, up $33 billion from S$275 billion a year ago, the Singapore investment firm said in its annual review.
“Our net portfolio value passed the S$300 billion mark for the first time. It is now almost three times the dot-com peak of just over S$100 billion at the turn of the millennium,” said Mr Lee Theng Kiat, CEO and executive director of Temasek International, in a statement.
More at Temasek’s net portfolio value hits record high of S$308 B