|Bid||6.03 x 0|
|Ask||6.04 x 0|
|Day's range||6.01 - 6.07|
|52-week range||5.64 - 7.63|
|Beta (5Y monthly)||0.66|
|PE ratio (TTM)||5.37|
|Earnings date||30 Oct 2021|
|Forward dividend & yield||0.33 (5.40%)|
|Ex-dividend date||15 Jul 2021|
|1y target est||7.60|
Singapore's Temasek Holdings reported a 25% rise in its portfolio value to a record S$381 billion ($282 billion) in the year ended March 2021, with gains powered by a global equities rally and the public listing of some of its holdings. Ranked among the biggest investors in the world, Temasek is anchored in Asia, with 64% exposure to the region as measured by underlying assets of its portfolio companies, most of which are in China and Singapore. The increase in its portfolio value was the highest in a decade and follows a 2.2% drop the previous year, with the state investor making record investments and divestments in the latest year, Temasek executives told a news conference on Tuesday.
Singapore state investor Temasek Holdings' portfolio value likely rebounded to scale a record in the year ending March, boosted by a rally in global markets and the public listing of some of its holdings. Analysts expect the value of Temasek's assets to have jumped over 20% in the year ending March, pushing up the portfolio value to roughly S$375 billion ($277.7 billion) - after dipping 2.2% to S$306 billion a year ago - which marked the first drop after three consecutive years of gains. The long-term outlook for Temasek, one of the world's biggest state investors, has been clouded by its support to pandemic-hit businesses.
BlackRock Inc has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country's fast-growing asset management market. The U.S. fund giant said on Wednesday its wealth management venture with a unit of China Construction Bank Corp (CCB) and Singapore state investor Temasek Holdings (Pte) Ltd can now start business. The venture, 50.1% owned by BlackRock and 40% by CCB's wealth management unit, will draw on BlackRock's investment expertise and CCB's vast distribution network, the U.S. firm said in a statement.