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Singapore's state-owned investment firm Temasek Holdings announced Tuesday that its total one-year shareholder return has increased by 12 percent in local currency for the year ended March 31 2018, even though its portfolio jumped to $ 308 billion. ($ 227 billion), supported by global economic momentum and strong performance by domestic companies.
Meanwhile, the cabinet, headed by Ho Ching's chief executive, the wife of Singapore's prime minister, Lee Hsien Loong, warned that it could "redefine and slow down" its pace of investment over the next 9 to 18 months "as it expects moderate global growth and downside risks.
In comparison, she had recorded $ 275 billion
The investment firm added that she had closed the 12-month period ended in March 2018 in a net cash position . "Our net portfolio broke the $ 300 billion mark for the first time." Temasek International Managing Director and General Manager Lee Theng Kiat said in a statement: […]
Alpin Mehta, Managing Director of Temasek's investment, said the turnover was $ 100 billion.The company had invested $ 29 billion over the 12-month period ended March 2018 and $ 203 billion over the past decade, although divestments were $ 16 billion and $ 150 billion, respectively, it invested $ 16 billion in Singapore and sold $ 18 billion, resulting in a net divestment for the 12 months ending in March. 2017.
The net profit of the Temasek group stands at $ 21.3 billion, compared to $ 14.2 billion for the fiscal year ended March, 2017. Review rt of the state enterprise added.
According to Sulian Tay, the chief executive of the company's investment, global economic growth is expected to slow in the near term even though the likelihood of downside risks was to increase.
She stated that medium-term risks included increasing trade and geopolitical tensions, as well as increasing monetary and financial tensions in some major economies, and stressed that these factors could lead to volatility and even curb growth potential. "In this context, we remain cautious," she said, adding that the company would remain "always vigilant and open to attractive investment opportunities."
On China, Tay said that the country thought economic challenges, rebalance its economy, continue on the path of sustainable growth. "We expect the ongoing structural reforms to help reduce financial risks," she added.
Singapore still accounts for the largest share of its portfolio at 27 percent, followed by China at 26 percent. For the 12 months ended March 2018, and in geographic terms, the United States accounted for most of its new investments, led by China.
Temasek, one of the world's largest investors, focused on technology Since 2011, its exposure to these priority sectors has been about S $ 80 billion, or 26% of its portfolio, or 9 times more than 9 billion Singaporean dollars, equivalent to 5 billion Singapore dollars. The investment company stated in its annual review
During the 12 months ended March 2018, these targeted sectors accounted for nearly 50% of its new investments, for a total of about $ 13 billion.
But in the future, Mehta also pointed out that the company was changing its approach to examine the opportunities presented by six main trends: longer life, growing prosperity, sustainable living, smarter systems and a sharing economy. world more connected.
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