Singapore’s Temasek reports 2.3 per cent drop in portfolio value amid pandemic

Singapore’s Temasek Holdings has reported a preliminary one-year total shareholder return of minus 2.3 per cent for the financial year ended March 31, its worst performance since 2016.The Singapore state investor’s net portfolio value (NPV) was S$306 billion (US$220 billion) versus S$313 billion as of March 31 last year. Because of the coronavirus pandemic, finalised numbers have been slightly delayed this year and are set for release in September.Singapore’s Temasek rebuts claim CEO gets S$100…

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