A Peek Into Temasek's Major Investments That Make up Its S$381 Billion Portfolio
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Temasek is one of three investment entities in Singapore, with the two others being GIC and the Monetary Authority of Singapore (MAS).
Since its formation in 1974, Temasek’s initial portfolio has grown from S$354 million to a record S$381 billion, as of 31 March 2021.
The investment company’s initial portfolio reflected Singapore’s early stages of industrialisation.
But as Singapore and Asia evolved, so has Temasek’s portfolio to reflect the evolution.
Currently, Temasek’s investments include global brand names whose products most of us would have used before, like Visa (NYSE: V) and Mastercard (NYSE: MA).
In this article, let’s look at Temasek’s major investments — 42 of them being listed companies — spanning five key sectors that investors can research further into.
Temasek’s Current Investments By Sector
As of 31 March 2021, most of Temasek’s investments were in the financial services sector, followed by telecommunications, media and technology, and transportation and industrials.
(Note: You can click on the links in the table below to jump to a particular sector)
Temsaek's Portfolio by Sector | 2021 |
---|---|
Financial Services | 24 |
Telecommunications, Media and Technology | 21 |
Transportation and Industrials | 19 |
Consumer and Real Estate | 14 |
Life Sciences and Agri-Food | 10 |
Multi-Sector Funds | 8 |
Others (including credit) | 4 |
Temasek’s Major Investments in Financial Services
Here’s a look at Temasek’s major investments in the financial services sector (table is sorted according to Temasek’s percentage shareholding in the companies).
Company Name | Is It a Listed Company? | Temasek's Shareholding as of 31 March 2021 (%) | Temasek's Five-Year Total Shareholder Return (%) |
---|---|---|---|
DBS Group Holdings Ltd | Yes | 29 | 18.8 |
Standard Chartered PLC | Yes | 16 | 2.3 |
Bill.com Holdings, Inc. | Yes | 7 | N/A |
Adyen N.V. | Yes | 7 | N/A |
BlackRock, Inc. | Yes | 4 | 20.2 |
AIA Group Limited | Yes | 3 | 18.4 |
China Construction Bank Corporation | Yes | 3 | 11.6 |
Industrial and Commercial Bank of China Limited | Yes | 2 | 11.0 |
Ping An Insurance (Group) Company of China, Ltd. | Yes | 2 | 22.9 |
ICICI Bank Limited | Yes | 2 | 22.9 |
Prudential PLC | Yes | 1 | 9.3 |
Visa Inc. | Yes | <1 | 23.4 |
Mastercard Incorporated | Yes | <1 | 31.2 |
PayPal Holdings, Inc. | Yes | <1 | 44.4 |
HDFC Bank Limited | Yes | <1 | 23.5 |
Singapore’s largest bank DBS is the biggest position in Temasek’s portfolio at 6%.
Temasek’s Major Investments in Telecommunications, Media and Technology
Next up, a dive into Temasek’s major investments in the telecommunications, media and technology space (table is sorted according to Temasek’s percentage shareholding in the companies).
Company Name | Is It a Listed Company? | Temasek's Shareholding as of 31 March 2021 (%) | Temasek's Five-Year Total Shareholder Return (%) |
---|---|---|---|
Singapore Technologies Telemedia Pte Ltd | No | 100 | 1.3 |
Mediacorp Pte Ltd | No | 100 | (2.4) |
Global Healthcare Exchange, LLC | No | 80 | N/A |
Singapore Telecommunications Limited (Singtel) | Yes | 51 | (3.9) |
Lumen Technologies, Inc. | Yes | 9 | (7.6) |
IHS Markit Ltd. | Yes | 3 | 22.6 |
DoorDash, Inc. | Yes | 2 | N/A |
Roblox Corporation | Yes | 2 | N/A |
Kuaishou Technology | Yes | 1 | N/A |
Dell Technologies, Inc. | Yes | 1 | N/A |
Airbnb, Inc. | Yes | <1 | N/A |
Meituan | Yes | <1 | N/A |
Tencent Holdings Limited | Yes | <1 | 31.3 |
Alibaba Group Holding Limited | Yes | <1 | 23.5 |
Singtel is the joint second-largest position in Temasek’s portfolio at 5%, together with Mapletree (which is under the real estate sector).
Temasek’s Major Investments in Transportation and Industrials
Moving on, let’s take a look at Temasek’s major investments in the transportation and industrials sector (table is sorted according to Temasek’s percentage shareholding in the companies).
Company Name | Is It a Listed Company? | Temasek's Shareholding as of 31 March 2021 (%) | Temasek's Five-Year Total Shareholder Return (%) |
---|---|---|---|
PSA International Pte Ltd | No | 100 | 9.6 |
Pavilion Energy Pte Ltd | No | 100 | (15.7) |
Singapore Power Limited | No | 100 | 9.6 |
SMRT Corporation Ltd | No | 100 | (0.4) |
Singapore Airlines Limited | Yes | 55 | (4.7) |
Singapore Technologies Engineering Ltd | Yes | 51 | 8.3 |
Sembcorp Industries Ltd | Yes | 49 | 6.1 |
Sembcorp Marine Ltd | Yes | 43 | (30.1) |
SATS Ltd. | Yes | 40 | 4.9 |
Schneider Electric India Pvt. Ltd. | No | 35 | N/A |
Keppel Corporation Limited | Yes | 20 | 1.8 |
Temasek’s Major Investments in Consumer and Real Estate
Next, a look at Temasek’s major investments in the consumer and real estate sector (table is sorted according to Temasek’s percentage shareholding in the companies).
Company Name | Is It a Listed Company? | Temasek's Shareholding as of 31 March 2021 (%) | Temasek's Five-Year Total Shareholder Return (%) |
---|---|---|---|
Surbana Jurong Private Limited | No | 100 | (3.1) |
Mandai Park Holdings Pte. Ltd. | No | 100 | (5.6) |
Mapletree Investments Pte Ltd | No | 100 | 13.9 |
CapitaLand Limited | Yes | 52 | 7.6 |
Pulau Indah Ventures Sdn. Bhd. | No | 50 | N/M |
M+S Pte. Ltd. | No | 40 | N/A |
A.S. Watson Holdings Limited | No | 25 | 30.4 |
Mapletree is the joint second-largest position in Temasek’s portfolio at 5%, together with Singtel.
Temasek’s Major Investments in Life Sciences and Agri-food
Last but not the least, here are Temasek’s major investments in the life sciences and agri-food space (table is sorted according to Temasek’s percentage shareholding in the companies).
Company Name | Is It a Listed Company? | Temasek's Shareholding as of 31 March 2021 (%) | Temasek's Five-Year Total Shareholder Return (%) |
---|---|---|---|
Olam International Limited | Yes | 53 | 4.0 |
Celltrion Healthcare Co., Ltd. | Yes | 7 | N/A |
Celltrion, Inc. | Yes | 7 | 28.1 |
Innovent Biologics, Inc. | Yes | 7 | N/A |
WuXi AppTec Co., Ltd. | Yes | 6 | N/A |
Bayer Aktiengesellschaft | Yes | 3 | (8.9) |
BeiGene, Ltd. | Yes | 3 | 64.0 |
WuXi Biologics (Cayman) Inc. | Yes | 2 | N/A |
Thermo Fisher Scientific Inc. | Yes | <1 | 26.7 |
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Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. Readers should always do their own due diligence and consider their financial goals before investing in any stock. The writer owns shares in Visa and SATS.
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