Temasek Posts Worst Return in Seven Years as Markets Slump
- Singapore state investor says investment climate more complex
- Annual shareholder return of -5.07% was poorest since 2016
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Singapore’s state-owned investor Temasek Holdings Pte warned of an uncertain road ahead as it chalked up its worst showing in seven years.
The firm with S$382 billion ($284 billion) in assets posted a total shareholder return of -5.07% for the year ended March 31, the poorest annual performance since 2016. It also suffered a rare net loss.