By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Temasek Bounces Back in FY 2024 Despite China’s Underperformance
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
VC

Temasek Bounces Back in FY 2024 Despite China’s Underperformance

Rary Maharani
Last updated: July 16, 2024 2:33 am
Rary Maharani
Share
2 Min Read
SHARE
  • Temasek reported a 1.6% one-year TSR for FY 2024, reversing previous year’s negative performance.
  • Temasek’s NPV rose to $311B after marking unlisted portfolio to market.
  • China’s underperformance impacted returns.

Contents
Temasek’s roller coaster rideUnveiling the secrets: the unlisted assets magic

Temasek’s roller coaster ride

Temasek reported a one-year TSR of 1.6% for FY 2024, reversing the previous year’s negative performance.

However, the weak China market hampered the recovery. Temasek’s NPV stood at US$288 billion, up US$5.18 billion from a year ago, and after marking its unlisted portfolio to market, the NPV rose to US$311 billion.

Chia Song Hwee, the deputy CEO of Temasek, emphasized that the entity’s 10-year and 20-year TSRs, which remained at 6% and 7% respectively, are its main focus.

These longer-term TSRs are more indicative of Temasek’s performance and align with its mandate to generate sustainable returns over the long term.

Unveiling the secrets: the unlisted assets magic

Temasek refined its MTM methodology to better report its growing unlisted portfolio, which now accounts for more than 50% of its total portfolio.

The refined methodology resulted in a US$23 billion value uplift for Temasek’s unlisted portfolio, bringing its overall NPV to US$311 billion.

Temasek’s unlisted assets generated returns of 9% per annum over the last decade, outperforming the 6% return of its overall portfolio.

China’s market underperformance has impacted Temasek’s returns, with the MSCI China declining by 46% in the last three years.

Despite doubling down on investments in developed markets, Chia acknowledged that it will take time for Temasek’s portfolio to generate returns that offset the pressures from the China market.

Economists believe Temasek’s performance is commendable given the current economic climate.

To read the original article: https://www.techinasia.com/temasek-returns-black-fy2024

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article BYD Revs Up Southeast Asia Expansion with Thailand EV Factory
Next Article StashAway Narrows Losses, Accelerates Revenue Growth in 2023-2024

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

e-CommerceFood tech

Line Man Wongnai Whets Appetite for IPO in 2025

May 16, 2024
e-Commerce

Bukalapak Shuts Down BukaCicilan Amidst BNPL Sector Turbulence

March 11, 2024
Health-Tech

A Chat with Alex and Yulia, the Founders of MedsGo

April 9, 2024
AI

Perplexity AI Seeks $500M at $8B Valuation

October 27, 2024
CreatorsCultureSocial Media

MrBeast’s Empire Faces Turbulence Amid Recent Controversies

August 15, 2024
Culture

Millionaire Entrepreneur Offers Public Access to Anti-Aging Regimen

February 12, 2024
Fintech

Empowering Transactions: Escrowpay’s $4 Million Series A Round

February 17, 2024
e-Commerce

Shopee Bets Big on Seller Loyalty, Hikes Commission Rates

August 27, 2024
StartupsStrategy

Chris Winterhoff Reveals How Time Is Precious for Entrepreneur

February 12, 2024
VC

Kopital Ventures Completes $12 Million Fundraising for Early-Stage Ventures

February 12, 2024
Strategy

Jesse Pujji Unpacks Chobani’s Secret Recipe: Principles, Perseverance, and a Vision

March 20, 2024
AIFAANG

Meta’s Top AI Scientist Douses Hopes for Human-Level AI

February 17, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?