As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 11 July 2017

Temasek delivers 13% return for the year; Record net portfolio value of S$275 billion; Up S$111 billion over the decade


CW8888's Well known investors CAGR Table

Temasek : 44 years (1974 to Mar 2017) is 15%
Temasek : 20 years (1998 to Mar 2017) is 6%
Temasek : 10 years (2008 to Mar 2017) is 4%




































































One-year return to shareholder of 13%

10- and 20-year return to shareholder of 4% and 6%, respectively

15% return to shareholder, compounded annually since inception in 1974

Dividend income of S$7 billion, or about 19 times our interest expense for the year

Invested S$16 billion and divested S$18 billion, resulting in net divestment

Singapore, Tuesday 11 July 2017 – Singapore-headquartered investment company Temasek today published its annual Temasek Review, reporting a record net portfolio value of S$275 billion1, and closing the year in a net cash position on 31 March 2017.

Temasek’s one-year Total Shareholder Return (TSR) was 13%.

Longer term 10-year and 20-year TSRs were 4% and 6% respectively. TSR compounded annually since our inception in 1974 was 15%.

Dividend income from our portfolio was S$7 billion for the year ended 31 March 2017. This was about 19 times our interest expense for the year.

Temasek Chairman, Mr Lim Boon Heng, commented:

“While the global recovery is gaining momentum, there are still uncertainties, both in the medium as well as longer term. We have maintained an investment stance that is disciplined but nimble, and built a balance sheet that enables us to capitalise on opportunities and withstand shocks.

We have continued to rebalance our holdings towards longer term macro opportunities such as the transforming economies, as well as emerging new trends such as the digital enablers for new businesses. The strength of our balance sheet also enables us to undertake large projects which may have longer gestation periods, such as the Mandai rejuvenation.”



7 comments:

  1. Temasek : 44 years (1974 to Mar 2017) is 15%
    Temasek : 20 years (1974 to Mar 2017) is 6%
    Temasek : 10 years (1974 to Mar 2017) is 4%

    wrong date for 10 & 20 yr

    ReplyDelete
  2. Quick calculation using Excel, it implies that Temasek's first 24 years' annualized return(1974-1997)is ~22%. Master league. Probably due to SG economy growth faster that period, and Fund size is relatively smaller.

    ReplyDelete
    Replies
    1. (1 + r)^24 * (1.06)^20 = (1.15)^44
      r = 23.08%

      Besides Temasek's assets (e.g. SIA, S'pore Technologies, Singtel, Singpost, Keppel, SembCorp, PSA, NOL, etc) starting from a very low base ...... they were also initially VERY conservatively valued ... way below their intrinsic values.

      As Temasek sold tranches to institutions & secondary markets, investors very quickly marked up their valuations to reflect more optimistic projections.

      Delete
  3. Hoho Uncle8888!!

    Congrats again for beating BOTH Temasek & GIC .... Kekekeke!!!!

    Oh BTW in your 1st sentence ... should be "Up S$89 billion over the decade"

    $275 - [$275 / (1.04)^10] = $89

    ReplyDelete
  4. It shows that it getting very difficult to have extraordinary investment return since the world info and news flow is well connected. Even Buffet also facing the same performance issue

    ReplyDelete
  5. How to beat the gurus --- Invest in IPOs!!! Hahahaha!!!

    Singapore's Top Performing IPO This Year Surged 158%
    https://www.bloomberg.com/news/articles/2017-07-11/justin-bieber-s-singapore-show-organizer-seeks-china-expansion

    From Apr to Jul ... PE now 60 ...

    I'm now waiting for news to report millennials quitting their jobs to day trade ... maybe another 6 more months...

    ReplyDelete

Related Posts with Thumbnails