STI’s gains reflect ‘concrete steps’ by Temasek companies to address business fundamentals
DBS, Singtel and ST Engineering soared on the market’s zeal for companies demonstrating strong financial performance, and commitment to deliver value to shareholders
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[SINGAPORE] Every year, as I plough through the Temasek Review, I make a note of the more exotic and far flung companies in its portfolio, and try to educate myself about their businesses and financial performance.
This year, however, I found myself looking into the recent financial performance of companies much closer to home.
During the year to Mar 31, 2025, Temasek’s net portfolio value increased S$45 billion to S$434 billion, largely due to the strong performance of its Singapore-based portfolio companies as well as its direct investments in China, India and the United States.
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