Temasek Review 2021
Our Major Investments

Financial Services


  1. Financials for the companies are based on their respective annual filings.
  2. EVA figures are provided by the respective companies, except for the following, which are calculated by Temasek based on their respective annual filings: Holdings, Inc.; Visa Inc.; Adyen N.V.; AIA Group Limited; BlackRock, Inc.; China Construction Bank Corporation; DBS Group Holdings Ltd; Industrial and Commercial Bank of China Limited; Mastercard Incorporated; PayPal Holdings, Inc.; Ping An Insurance (Group) Company of China, Ltd.; Prudential public limited company; Standard Chartered PLC; HDFC Bank Limited; ICICI Bank Limited; IHS Markit Ltd.; Airbnb, Inc.; DoorDash, Inc.; Kuaishou Technology; Lumen Technologies, Inc.; Meituan; Roblox Corporation; Tencent Holdings Limited; Dell Technologies, Inc.; Alibaba Group Holding Limited; A.S. Watson Holdings Limited; Bayer Aktiengesellschaft; BeiGene, Ltd.; Celltrion Healthcare Co., Ltd.; Celltrion, Inc.; Innovent Biologics, Inc.; Thermo Fisher Scientific Inc.; WuXi AppTec Co., Ltd.; WuXi Biologics (Cayman) Inc.
  3. Market relevant information is sourced from Bloomberg, Stock Exchanges and public filings by companies.


Market Capitalisation =

Market value as at 31 March 2021 and 31 March 2020

Shareholder Equity =

Shareholder equity reported by the respective companies based on their annual filings


Profit/(Loss) after tax and non-controlling interests

Dividends to Shareholders =

Dividends to Shareholders as presented in the Statement of Changes in Equity of the companies


Economic Value Added, attributable to investors


Total Shareholder Return

NA =

Not applicable