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Temasek set to report record portfolio; tech deals in focus

Reuters Published on Sun, Jul 08, 2018 / 9:17 PM GMT+8

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SINGAPORE (July 8): Singapore state investor Temasek Holdings is likely to book a record $300 billion for the value of its portfolio, powered by gains in DBS Group and Chinese banks, while it steps up investment in tech startups.

At the same time, Temasek is swooping in on opportunistic purchases with its stake buy in Swiss-based airline caterer Gategroup Holding AG, weeks after an announced move to buy into Hainan Airlines Holding Co. Both firms are part of China's debt-saddled HNA Group Co, which has been selling part of its holdings.

Analysts estimate Temasek, the top investor in about a third of companies in Singapore's Straits Times index, to report a net portfolio value of about $300 billion for the year ended March 31, up roughly 9% versus a nearly 14% increase to $275 billion a year earlier.