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SINGAPORE – Singaporean investment firm Temasek Holdings will invest more in unlisted companies, including start-ups in the technology sector, to protect against further negative impacts of the US-Canada trade war. China.
In its annual performance report released on Tuesday, Temasek said the asset ratio of unlisted companies – including startups and established companies – in its portfolio rose from 39 percent a year ago to 42 percent in March, 31st.
Dilhan Pillay Sandrasegara, CEO of the group's lead investment company, Temasek International, said nearly half of all new investments made through March were for unlisted assets.
"It's a trend that has grown over the past 10 years," Sandrasegara said. "We think this trend will continue."
Over the past 12 months, Temasek has invested in companies such as Indian operator Ola, Antibaba Group Holding's electronic payment subsidiary, Ant Financial, the Singapore-based e-commerce platform, Zilingo, and A US food distribution company. DoorDash. Temasek had already invested in major startups, including the Indonesian group Go-Jek.
Temasek noted six structural trends that should influence future investment decisions, including the sharing economy, the connected world and longevity. "As we try to engage with these trends to see where they can go," said Sandrasegara. "We will see an increase in the capital allocated to this strategy."
"If you look at the future volatility of the markets, private investments will allow us, based on our past performance and what we have seen, to generate better returns in the future," he said.
In response to global uncertainties over trade tensions between China and China, the value of Temasek's portfolio rose by 1.6 percent to 313 billion Singapore dollars ($ 231 billion). the weakest growth in three years. The total annual shareholder return for the last fiscal year was reduced to 1.49% from 12% the previous year.
Temasek said the lower yield was due to Temasek being less exposed to the US and European markets. "We are really investing for sustainable, long-term returns," said Sandrasegara. "We see global growth continuing to come from Asia."
For the future, Temasek said that, while waiting for US-China tensions to continue to dampen global growth, he remains "optimistic about China's medium-term trajectory, thanks to timely and targeted reforms to move the economy towards a more sustainable growth path. "
Geographically, China and Singapore are Temasek's two largest markets, each accounting for 26% of its portfolio, while North America and Europe combined accounted for 25% of the portfolio as of March .
In Singapore, the company holds majority stakes in major companies such as Singapore Airlines, Singapore Telecommunications.
GIC, Singapore's sovereign wealth fund and one of the most influential institutional investors in the world, has also observed a preference for investing in private companies.
GIC, which does not disclose the size of its assets, reduced its share in developed market equities from 19% in March to 19% in March, while its share in private equities rose from 11% to 12% in March. during the same period. away from listed equities considered to be more exposed to global uncertainties.
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