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Serious TH's Portfolio Up 13.4% In 2016! Annual Compounded Returns of 15% Since 1974! PAP!

Discussion in 'The Courtyard Café' started by JohnTan, Jul 11, 2017.

  1. JohnTan

    JohnTan Alfrescian (InfP) Old Timer

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    SINGAPORE: Temasek Holdings announced on Tuesday (Jul 11) a record net portfolio value of S$275 billion (US$197 billion) as at end-March 2017, up from S$242 billion (US$180 billion) a year ago.
    The Singapore-based investment company posted a one-year Total Shareholder Return of 13.4 per cent for the year, reversing from the 9 per cent decline the year before.

    In a statement, Temasek said it continued to reshape its portfolio during the year, while adopting a measured and disciplined investment pace.

    As and when opportunities arise, Temasek said it “capitalises on rich market valuations to exit some of (its) holdings”, while maintaining the flexibility to “re-enter when valuations are corrected”.
    Over a longer term 10-year period, annualised Total Shareholder Return was 4 per cent.

    During the financial year, Temasek invested S$16 billion and divested S$18 billion of its portfolio, resulting in a net divestment position for the first time since the March 2009 year.


    Speaking at a media briefing, Temasek president and joint head of investment proup, portfolio management group, and Singapore, Chia Song Hwee, said: “Given the market environment, and high valuation, we see less investment opportunity because we find that, generally speaking, the market pricing is a bit too high."

    "But on the flip side, it allowed us to exit some of our positions or sell part of our stake given the valuation may be close to our intrinsic value."

    Executive director and CEO of Temasek International, Lee Theng Kiat, said it continues to focus on “longer term opportunities such as technology, life sciences, agribusiness, non-bank financial services, consumer, and energy & resources”.

    Investments in these new focus areas made up 24 per cent of its portfolio last year, up from 8 per cent six years ago, and delivered better returns than its average return from the overall portfolio.

    The main sectors for its investments during the year were telecommunications, media & technology, transportation & industrials, and life sciences & agribusiness.

    Temasek said the US accounted for the largest share of investments during the year. Meanwhile, it continued to make investments in Asia, with Singapore accounting for the largest share of these investments.
    Key investments in Singapore during the year included an increased stake in Singtel, and acquisition of all minority shares of SMRT.

    Main divestments included positions in Synchrony Financial, Bharti Airtel, Lafarge Holcim and Evonik Industries. It also exited some holdings via acquisitions by third parties, including divestments of its stakes in Neptune Orient Lines and B/E Aerospace.

    Looking ahead, Temasek said it had a “constructive outlook” on the global economy, but cautioned of political risks and stretched public market valuations in the medium term.

    Temasek’s head of strategy and senior managing director of portfolio strategy & risk group, Michael Buchanan, said the investment firm was “cautiously confident that various key economies will weather their medium term challenges”, despite some geopolitical risks on the horizon.

    Since its inception in 1974, Temasek’s compounded annualised Total Shareholder Return is 15 per cent in Singapore dollar terms.


    Read more at http://www.channelnewsasia.com/news...-record-net-portfolio-value-of-s-275b-9021914
     
  2. micromachine

    micromachine Alfrescian Old Timer

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  3. Ash007

    Ash007 Alfrescian Old Timer

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    Re: TH's Portfolio Up 13.4% In 2016! Annual Compounded Returns of 15% Since 1974! PAP

    Wtf? Only 15%, one of my stocks just went up 60% since last week! Overall I'm like 40% for the last 2 years, breaking 50% soon. Seriously, just return all th CPF money already.
     
  4. johnny333

    johnny333 Alfrescian (Inf)

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    Re: TH's Portfolio Up 13.4% In 2016! Annual Compounded Returns of 15% Since 1974! PAP

    If one wants to maximise returns, one has to minimise overhead costs. This is why actively managed funds like mutual funds(unit trusts) provide a poor return. Index funds provide a better return to investors because of lower overheads

    Temasek pays Ho Ching & the others in Temasek multi-millions in salary, bonuses, & other perks. So it is not surprising how bad the returns from our CPF are.
     
  5. SalahParking

    SalahParking Alfrescian Old Timer

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    Re: TH's Portfolio Up 13.4% In 2016! Annual Compounded Returns of 15% Since 1974! PAP

    You can always present numbers that suits your audience, 7 years rolling return can change to10 years average, we had GIC stretching 20 yrs, depending on whether those missing years had a huge drawdown. A moving average will smooth the kinks.

    USD based returns can interchange with SGD based returns, layman will not see the significance of your underlying repoerting currency.

    Portfolio mkt value is not a good gauge as it can be inflated with debt. They should use EVA, economic value added, instead.
     
  6. JHolmesJr

    JHolmesJr Alfrescian Old Timer

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    Re: TH's Portfolio Up 13.4% In 2016! Annual Compounded Returns of 15% Since 1974! PAP


    U sound smart....are u a retrenched banker?
     
  7. ontheA1

    ontheA1 Alfrescian Old Timer

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    Re: TH's Portfolio Up 13.4% In 2016! Annual Compounded Returns of 15% Since 1974! PAP

    Wow now I dont need to look at my CPF I already feel rich. 3 cheers for the savvy investor Ho Ching. Hip Hip Hooray! Well done Temasek Holdings.
     
  8. Leckmichamarsch

    Leckmichamarsch Alfrescian Old Timer

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    Re: TH's Portfolio Up 13.4% In 2016! Annual Compounded Returns of 15% Since 1974! PAP

    pay goldgoldnuts, get mercenary gorillas.....
     
  9. Ash007

    Ash007 Alfrescian Old Timer

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    Re: TH's Portfolio Up 13.4% In 2016! Annual Compounded Returns of 15% Since 1974! PAP

    Hey Johnny how are you? That stock I told you about went up 80% since last week. You got any of it?
     

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