Comment / Temasek's T&L holdings – the beauty and the beast

ID 238107875 © Filippo Romeo | Dreamstime.com

Singapore’s Temasek, with its vast sovereign-like investment portfolio, partly including transport and logistics (T&L) assets, didn’t offer a granular view of its T&L achievements in its trading update for the financial year ended 31 March 2023 released yesterday, 11 July.

However, what we got, I reckon, was enough to raise eyebrows, at least initially, fully aware of its M&A background story in our industry and on the periphery of it in recent times.

But also enough not to label its performance as ...