SINGAPORE: Temasek Holdings Pte Ltd reported a preliminary one-year total shareholder return of minus 2.3% for the financial year ended March 31, its worst performance since 2016, and warned fresh lockdowns imposed by coronavirus could further hamper global markets.
The Singapore state investor’s net portfolio value was S$306bil (US$214bil) versus S$313bil a year earlier. Its portfolio had expanded by 1.5% the period prior. Due to Covid-19, finalised numbers have been slightly delayed this year and are set for release in September.
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