Investing
My 5 Key Takeaway From Temasek Portfolio Value in 2020
by Chris Susanto
21 July 2020
1. Temasek Portfolio is Huge
Although I know that Temasek has a huge portfolio, I was surprised to see that it is around the size of Warren Buffett’s.
As of 31 March 2020, the net portfolio value or NPV is at S$306 billion.
So we have our own Warren Buffett in Singapore, that is Temasek.
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2. Latest Shareholder Return is Negative
Temasek portfolio has had a negative total shareholder 1 year return (TSR) of -2.3%.
The next reporting period might be worse if they are not able to go through this pandemic well.
For those that do not know, TSR takes into account all dividends distributed to the shareholder less any capital injections.
3. TSR Since Inception is 14% Compounded Annually
Warren Buffett’s return is close to 20% annually so far, the S&P 500 is about 10% annually.
Temasek Portfolio has done very well by compounding its capital at about 14% annually since 1974.
However, it’s 16 year TSR compounded annually is lesser at 7.5% from 31 March 2004 to 31 March 2020.
Despite that, its net portfolio value has tripled over the last 16 years from S$90 billion as at 31 March 2004.
5. Temasek Portfolio Has A Good Mix of Investments
Temasek Portfolio in 2020 shows a good mix of investments on listed and unlisted investments. The unlisted investments are recorded at book value that could be adjusted for impairment.
They have stalwarts and also new investments into emerging and longer-term trends.
Based on Mr. Dilhan Pillay, Chief Executive Officer of Temasek International, this mix of investments allows them to be more resilient.
Disclaimer:
The information provided is for general information purposes only and is not intended to be a personalized investment or financial advice.
Important: Please read our full disclaimer.

Chris Lee Susanto
Founder of the value investing blog Re-ThinkWealth.com (if you type “value investing blog” in Google, his blog is likely the first one). Being a full-time investor himself, Chris knows that he did not beat the S&P 500 return so far (as of the time of this writing) by listening to stock tips. So, when he teaches, he also doesn’t believe in giving stock tips as it is not sustainable for you in the long run. He will teach you how to make your own intelligent decisions with his 4M1S framework. Feel free to also join his free investment telegram channel here.
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