In Singapore, Temasek’s results spark discussion of Chinese investments


WHEN Temasek Holdings announced its results early last month, there was no hiding the stark fact that Singapore’s state investment firm was feeling the full effects of the ongoing US-China trade war.

Shareholder returns plunged to 1.49 per cent, down from 12 per cent year on year, and its portfolio value in Singapore dollar terms rose to S$313 billion (US$230.1 billion) as it made divestments of S$28 billion, compared with new investments of S$24 billion.

Beyond these top-line figures, however, Temasek appears to be following its time-tested strategy of betting big on new trends rather than sticking to old economy behemoths.

Overall, just over half of its investments are in financial services; the telecommunications, media and tech sectors; and life sciences and agribusiness. In its investments in China and India, the emphasis has been on tech companies and life sciences.

Click here for full article on SCMP website: In Singapore, Temasek’s results spark discussion of Chinese investments


   

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