Temasek Divestments Hit Record, Portfolio at $339 Billion (1)

Singapore state-owned investor Temasek Holdings Pte reported divestments worth S$42 billion ($33 billion) for its last fiscal year — its largest annual disposal on record — while the firm’s net portfolio value also hit a new high.

Temasek’s net portfolio value was S$434 billion as of March 31, up S$45 billion from the year before, thanks in large part to higher share prices at some of its Singaporean holdings as well as assets in the US, India and China.

The firm reported a one-year total shareholder return of 11.8%, a large improvement from the 1.6% return it posted previously. And ...