Sunday, January 23, 2022

S$354m to S$381b | 1000X in 47 Years | Top 10 US Stocks Owned By Temasek


Temasek Holdings was incorporated in 1974 to own and manage a portfolio of investments and assets valued at S$354 million, acquired from the Singapore Minister for Finance.

This move allowed the Singapore Government to focus on its role of policymaking and regulations.

Contrary to myths, Temasek does not play around with our CPF nor taxpayers' monies.

Of the 35 companies in the intial portfolio, only 10 still remain. Others have been divested or liquidated.

What is impressive is that Temasek Holdings grew this portfolio more than 1000X to S$381 billion, as of 31 Mar 2021.

Highlighted in bold are the 10 original investments still present in the current portfolio.

1. Acma Electrica Industries Ltd

2. Cerebos Singapore Pte Ltd

3. Chemical Industries (F.E.) Ltd

4. Development Bank of Singapore Ltd

5. Instant Asia Cultural Shows Pte Ltd

6. Insurance Corporation of Singapore Ltd

7. International Development and Construction Corporation

8. Intraco Ltd

9. Jurong Bird Park Pte Ltd

10. Jurong Holdings Pte Ltd

11. Jurong ShipBuilders Pte Ltd

12. Jurong Shipyard Pte Ltd

13. Keppel Shipyard Ltd

14. Metrawood Pte Ltd

15. Ming Court Hotel Ltd

16. Mitsubishi Singapore Heavy Industries Pte Ltd

17. National Engineering Services Pte Ltd

18. National Grain Elevator Ltd

19. National Iron & Steel Mills Ltd

20. Neptune Orient Lines Ltd

21. Primary Industries Pte Ltd

22. Sembawang Holdings Pte Ltd

23. Singapore Airlines Limited

24. KrisShop Pte Ltd

25. Singapore Cable Car Pte Ltd

26. Singapore General Aviation Service Company Pte Ltd

27. Singapore National Printers Pte Ltd

28. Singapore Offshore Petroleum Services Pte Ltd

29. Singapore Textiles Industries Ltd

30. Singapore Treasury Building Pte Ltd

31. Singapore Zoological Gardens

32. Singmanex Pte Ltd

33. Sugar Industry of Singapore Ltd

34. United Industrial Corporation Ltd

35. United Vegetable Oil Pte Ltd

However, these 10 entities from initial portfolio do not contribute that much to the S$381 billion portfolio today.

We should already have known that Temasek owns the likes of Mapletree, Capitaland, DBS, SingTel, Sembcorp, Keppel in Singapore locally. 

I am more interested to know what US companies and businesses Temasek actually invests in order to gain some investment instincts in the coming weeks and months when opportunities are presented to us again.

A quick research on the data from SEC filings revealed the top 10 holdings of Temasek Holdings by value as of 30 Sep 2021.


Besides owning the world's largest asset manager in Blackrock, it is evident that Temasek Holdings is inclined towards the top electronic payment giants - Paypal, Bill.com, Visa and Mastercard which faciliates money around in the world's digital payment ecosystem for e-commerce and the metaverse.

E-commerce giant Alibaba, computing infrastructure businesses- Lumen Technologies and Dell Technologies, gaming giant Roblox, biotech company focusing on cancer treatment, Beigene constitute the rest of the top 10 investments by Temasek Holdings in US stock market.

These give us an inspiration on which sectors to invest in for the long-term future.

It is about living life. We spend money, buy things when we wake up, in today's digital era underpinned by computing infrastructure and immerse ourselves in the Metaverse for entertainment.

The morale of the investment story is about owning income-producing businesses that make money when we sleep.


Thanks for reading. Huat Ah!

With Love & Peace,
Qiongster



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