Temasek has evolved over 50 years into a leading global investment company, advancing strongly amid uncertainty, said Prime Minister Lawrence Wong. Its success reflects Singapore's growth and achievements.
In Singapore, there is a couple who hold the most wealth and power in the country. They are Ho Ching, the former CEO of Temasek, and her husband, Lee Hsien Loong, the former Prime Minister.
Ho Ching led Temasek for 16 years, growing its investment portfolio from SGD 90 billion to SGD 300 billion. Temasek created an investment legend, managing SGD 382 billion with an annualized compound return rate of 17%.
As a sovereign wealth fund founded in 1974, achieving a 17% annualized compound return rate over 50 years is extremely rare on a global scale. Its net asset value has increased nearly a thousandfold, controlling SGD 382 billion in assets and accounting for 47% of Singapore's stock market value, making it a true giant!
Domestically, it almost dominates Singapore's economic lifeblood. It invests major companies in key sectors such $Singtel(Z74.SI)$, $SIA(C6L.SI)$ , $DBS Group Holdings(D05.SI)$ , Singapore MRT, Singapore Port, Neptune Orient Lines, Singapore Power, $Keppel(BN4.SI)$ , and Raffles Hotel.
For individuals, there are many ways to measure a company.
I might admire a company for the high value it creates, or respect it for its efforts in ESG (Environmental, Social, and Governance). I might like a company because its values align with mine, or because it has brought me significant profits while trading stocks. It could also be a company I want to invest in.
Which SG company is the top in your heart?
Vote for your favorite SG company!
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