facebookA Peek Into Temasek's Major Investments That Make up Its S$381 Billion Portfolio

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Temasek's major investments Seedly

A Peek Into Temasek's Major Investments That Make up Its S$381 Billion Portfolio

profileSudhan P

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.

Source: Temasek

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 Sector2021
Financial Services24
Telecommunications, Media and Technology21
Transportation and Industrials19
Consumer and Real Estate14
Life Sciences and Agri-Food10
Multi-Sector Funds8
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 NameIs It a Listed Company?Temasek's Shareholding as of 31 March 2021 (%)Temasek's Five-Year Total Shareholder Return (%)
DBS Group Holdings LtdYes2918.8
Standard Chartered PLCYes162.3
Bill.com Holdings, Inc.Yes7N/A
Adyen N.V.Yes7N/A
BlackRock, Inc.Yes420.2
AIA Group LimitedYes318.4
China Construction Bank CorporationYes311.6
Industrial and Commercial Bank of China LimitedYes211.0
Ping An Insurance (Group) Company of China, Ltd.Yes222.9
ICICI Bank LimitedYes222.9
Prudential PLCYes19.3
Visa Inc.Yes<123.4
Mastercard IncorporatedYes<131.2
PayPal Holdings, Inc.Yes<144.4
HDFC Bank LimitedYes<123.5

Singapore’s largest bank DBS is the biggest position in Temasek’s portfolio at 6%.

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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 NameIs It a Listed Company?Temasek's Shareholding as of 31 March 2021 (%)Temasek's Five-Year Total Shareholder Return (%)
Singapore Technologies Telemedia Pte LtdNo1001.3
Mediacorp Pte LtdNo100(2.4)
Global Healthcare Exchange, LLCNo80N/A
Singapore Telecommunications Limited (Singtel)Yes51(3.9)
Lumen Technologies, Inc.Yes9(7.6)
IHS Markit Ltd.Yes322.6
DoorDash, Inc.Yes2N/A
Roblox CorporationYes2N/A
Kuaishou TechnologyYes1N/A
Dell Technologies, Inc.Yes1N/A
Airbnb, Inc.Yes<1N/A
MeituanYes<1N/A
Tencent Holdings LimitedYes<131.3
Alibaba Group Holding LimitedYes<123.5

Singtel is the joint second-largest position in Temasek’s portfolio at 5%, together with Mapletree (which is under the real estate sector).

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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 NameIs It a Listed Company?Temasek's Shareholding as of 31 March 2021 (%)Temasek's Five-Year Total Shareholder Return (%)
PSA International Pte LtdNo1009.6
Pavilion Energy Pte LtdNo100(15.7)
Singapore Power LimitedNo1009.6
SMRT Corporation LtdNo100(0.4)
Singapore Airlines LimitedYes55(4.7)
Singapore Technologies Engineering LtdYes518.3
Sembcorp Industries LtdYes496.1
Sembcorp Marine LtdYes43(30.1)
SATS Ltd.Yes404.9
Schneider Electric India Pvt. Ltd.No35N/A
Keppel Corporation LimitedYes201.8

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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 NameIs It a Listed Company?Temasek's Shareholding as of 31 March 2021 (%)Temasek's Five-Year Total Shareholder Return (%)
Surbana Jurong Private LimitedNo100(3.1)
Mandai Park Holdings Pte. Ltd.No100(5.6)
Mapletree Investments Pte LtdNo10013.9
CapitaLand LimitedYes527.6
Pulau Indah Ventures Sdn. Bhd.No50N/M
M+S Pte. Ltd.No40N/A
A.S. Watson Holdings LimitedNo2530.4

Mapletree is the joint second-largest position in Temasek’s portfolio at 5%, together with Singtel.

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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 NameIs It a Listed Company?Temasek's Shareholding as of 31 March 2021 (%)Temasek's Five-Year Total Shareholder Return (%)
Olam International LimitedYes534.0
Celltrion Healthcare Co., Ltd.Yes7N/A
Celltrion, Inc.Yes728.1
Innovent Biologics, Inc.Yes7N/A
WuXi AppTec Co., Ltd.Yes6N/A
Bayer AktiengesellschaftYes3(8.9)
BeiGene, Ltd. Yes364.0
WuXi Biologics (Cayman) Inc.Yes2N/A
Thermo Fisher Scientific Inc.Yes<126.7

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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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About Sudhan P
It isn't fair competition when only one company in the world makes Monopoly. But I love investing in monopolies. Before joining the Seedly hood, I had the chance to co-author a Singapore-themed investment book – "Invest Lah! The Average Joe's Guide To Investing" – and work at The Motley Fool Singapore as an analyst.
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