Singapore’s state investor, which had S$308 billion ($226 billion) in assets as of March 2018, will release its 2019 annual report Tuesday. We build our portfolio to deliver long term sustainable value. We continue to build our portfolio for the future by increasing our exposure in unlisted companies. Investments in this space have generally performed well and provided us with better returns than listed ones since 2002.”. We remain disciplined in focusing on intrinsic value and our risk-return framework. 2019 20182019 2018 $’000 $’000$’000 $’000 Transaction for the Sale of Goods and Services Temasek Holdings Group (other than the below) Temasek Holdings – –470 – PSA International Group (Private) Limited – –4,319 208 SembCorp Marine Group is a controlling – –869 2,202 Singapore Power Group shareholder of the – –876 923 Our Temasek Geometric Expected Return Model (T-GEM) simulates the range of possible returns for our portfolio over the next 20 years. Last year, we delivered a carbon neutral Temasek at the company level, and committed to reducing net emissions attributable to our portfolio to half the 2010 levels by 2030. 1As at 31 March 2019: Equivalent to US$231 billion, at an exchange rate of S$1 : US$0.7376; €206 billion, at an exchange rate of 1. 02 HC SURGICAL SPECIALISTS LIMITED Dear Shareholders, On behalf of the Directors and Management of HC Surgical Specialists Limited (“HCSS”), I am pleased to present the Annual Report for HCSS for the financial year ended 31 May 2019 (“FY2019”). Zipline, a Temasek investee company, delivered personal protective equipment and critical medical supplies using drones to frontline medical teams fighting the COVID-19 pandemic in North Carolina in the US. Singapore, Tuesday 9 July 2019 – Temasek reports a net portfolio value of S$313 billion 1, up S$183 billion over the decade, as at 31 March 2019. Financial services remain as the largest share (25%) of our portfolio by sector. Temasek is an active investor and shareholder. Our Credit Profile provides a snapshot of our credit quality and the strength of Temasek’s financial position This site uses cookies. Download in Chinese. Creating eco-conscious solutions for our future generations, More Connected World Singapore, Tuesday 9 July 2019 – Temasek reports a net portfolio value of S$313 billion1, up S$183 billion over the decade, as at 31 March 2019. Hence, we focus on the performance of our portfolio over the longer time horizon, and the corresponding risk-adjusted cost of capital. Temasek Foundation delivers community programmes focused on building people, building communities, building capabilities and rebuilding lives. Our investment posture is to ride out short term market volatility, and focus on generating sustainable long term returns. In Singapore, activity is moderating alongside global growth, with increasing downside risks from global tensions. We do things today with tomorrow clearly in our minds, always looking at the future implications of what we choose to do today. 6% 20-year return to shareholder. “Climate change is the most urgent challenge confronting humanity today. We also expect some segments of the economy, including professional, financial and technology services, to remain resilient. Divestments included Gilead Sciences, Cargill Tropical Palm and Klabin. As a generational investor and a steward, we recognise there is an urgent need for solutions that support sustainable, longer and more fulfilling lives, while protecting the natural environment. Tomorrow … Download in Bahasa Indonesia. These tensions may further moderate global growth. One-year returns of -9% to 19% during the last decade Rolling S$ Total Shareholder Return (%) Temasek received dividend income of S$9 billion from its portfolio. The resilience of our portfolio cushioned its worst effects. Average Annual Corporate Default Rates1: 1999 - 2018 (%) 11.74 2.41 0.22 0.63 Average Annual Corporate Default Rates4: 1999–2018 (%) All Temasek Bonds5 are unsecured and unsubordinated obligations that are guaranteed by Temasek Holdings (Private) Limited (Guarantor). Singaporean state investment firm Temasek Holdings reports a plunge in returns over a one-year period. These early stage investments, including indirect investments through venture capital funds constitute 3% of our portfolio. We also remain watchful around the risks of a late cycle recession in the US, while Brexit and political fragmentation continue to weigh on Europe. 4Asia (excluding Singapore, Japan & Korea), Latin America, Africa, Central Asia & the Middle East. We stepped up our divestment pace, in cognisance of macroeconomic headwinds. S$306b S$ 0 b. In terms of geographical distribution, the US/Canada and Europe accounted for approximately 12% … 6% % 20-year return to shareholder. We continue to seek innovative companies at the forefront and address the growing needs of the world’s population. However, as a generational investor, we will continue to seek opportunities in line with the structural trends that we have identified as the drivers for future demands and growth.”. He is also a Director of Surbana Jurong Private Limited. Ltd. (“Maju”) is a wholly-owned subsidiary of Temasek Holdings (Private) Limited (“Temasek”). Copyright © 2020 Temasek Holdings (Private) Limited. Our portfolio comprises both listed and unlisted assets, with the latter consisting of companies and funds. Temasek has had an overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively, since our inaugural credit ratings in 2004. 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