SINGAPORE: Temasek Holdings on Tuesday announced a fall in its net portfolio value for the last financial year – its first in four years – but said its balance sheet remains “resilient” and that it has the flexibility to rebalance its portfolio accordingly.
This resiliency boiled down to Temasek’s “limited exposure” to the badly-hit travel, hospitality and entertainment sectors, said Mr Yeoh at a virtual press conference. Temasek said it has continued to grow its exposure in North America where it sees opportunities in line with key structural trends. Together with Europe , these two developed markets now form more than a quarter of its underlying portfolio exposure.
In Singapore, it invested in homegrown cashback platform ShopBack and plant-based meat alternative maker Growthwell Group.
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