Temasek was incorporated in 1974 with an initial portfolio valued at S$354 million.
Comprising 35 companies and other investments, these were mostly startups1 ranging from a bank to a sugar refiner. Companies such as Singapore Airlines and DBS Bank have since grown to become international and regional brands, while others such as NatSteel2 have been divested.
In the 1990s, four statutory entities, SingTel, PSA, Singapore Power and MediaCorp, were corporatised and acquired by Temasek. This was part of the policy intent by the Singapore Government to devolve itself from the provision of commercial services, or to further liberalise the market. Some, like port operator PSA and telecommunications provider SingTel, have transformed into global and regional players. Others such as Singapore Power have been restructured into several operating businesses, including three power generation companies which were sold a decade later in the late 2000s.
From a portfolio of S$77 billion in March 2002, Temasek began actively investing in Asia and beyond. The portfolio has grown to a record S$198 billion in March 2012, with a net cash position.
In the 1990s, four statutory entities, SingTel, PSA, Singapore Power and MediaCorp, were corporatised and acquired by Temasek. This was part of the policy intent by the Singapore Government to devolve itself from the provision of commercial services, or to further liberalise the market. Some, like port operator PSA and telecommunications provider SingTel, have transformed into global and regional players. Others such as Singapore Power have been restructured into several operating businesses, including three power generation companies which were sold a decade later in the late 2000s.
From a portfolio of S$77 billion in March 2002, Temasek began actively investing in Asia and beyond. The portfolio has grown to a record S$198 billion in March 2012, with a net cash position.
Temasek Portfolio Value since Inception
PORTFOLIO PERFORMANCE
For the financial year ended 31 March 2012, our one-year Total Shareholder Return was 1.50%.
Total Shareholder Return (TSR) measures returns to our shareholder as if it held our portfolio directly. This includes dividends to our shareholder and excludes capital injections from our shareholder.
Our three-year and 10-year TSRs were 15% and 10% respectively, while our 20-year and 30-year TSRs were 15% and 15% respectively. TSR since inception remained a healthy 17%.
Our three-year and 10-year TSRs were 15% and 10% respectively, while our 20-year and 30-year TSRs were 15% and 15% respectively. TSR since inception remained a healthy 17%.
S$ Total Shareholder Return (%)
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US$ Total Shareholder Return (%)
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Rolling S$ Total Shareholder Return (%)
(as at 31 Mar 2012)
http://www.temasek.com.sg/investorrelations/portfolioperformance
http://www.temasek.com.sg/portfolio
http://www.temasek.com.sg/portfolio/portfolio_highlights/geography
Portfolio Performance Financial Highlights Temasek Bonds Temasek Euro-commercial Paper Investor Library Portfolio Performance
For the financial year ended 31 March 2012, our one-year Total Shareholder Return was 1.50%.
Total Shareholder Return (TSR) measures returns to our shareholder as if it held our portfolio directly. This includes dividends to our shareholder and excludes capital injections from our shareholder.
Our three-year and 10-year TSRs were 15% and 10% respectively, while our 20-year and 30-year TSRs were 15% and 15% respectively. TSR since inception remained a healthy 17%.
YEAR IN REVIEW
(as at 31 March)
Our portfolio remained resilient in a volatile year. We continued to build our people and capabilities as an investor and shareholder, as an institution, and as a steward.
Portfolio Value
Our portfolio grew by S$121 billion since March 2002.S$198b
Portfolio value
Portfolio Value (S$b)
Total Shareholder Return
Three-year annualised compounded return to our shareholder was 15%.1.50%
One-year return
Rolling S$ Total Shareholder Return (%)
Returns to Temasek
Post-2002 investments contributedsignificantly to our total returns.
18%
Returns on post-2002 investments
10-year Annualised S$ Returns to Temasek (%)
Investment Activities
We invested S$139 billion and divested S$87 billion over the decade.S$7b
Net investments forthe year
Investments & Divestments (S$b)
Group Financial Highlights
Group shareholder equitywas S$158 billion.
S$11b
Group net profit
Group Shareholder Equity (S$b)
Our People
Our diverse team of over 400 is the heartbeat of Temasek.19
Nationalities
Staff Composition (%)
S$ Total Shareholder Return (%)
(as at 31 Mar 2012) US$ Total Shareholder Return (%)
(as at 31 Mar 2012)
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