STI’s gains reflect ‘concrete steps’ by Temasek companies to address business fundamentals

[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.