SINGAPORE (Jan 29): On Jan 18, presiding over Khazanah Nasional’s review of its 2017 performance, managing director Azman Mokhtar announced that Khazanah’s core (investee) companies would undergo “Transformation 2.0” to raise their performance, create more value and deliver sustainable returns.

First, success. Apart from the RM115.6 billion ($38.8 billion) record-high net worth adjusted value of Khazanah’s portfolio, which represents a 13.2% y-o-y gain and an average annual growth of 9.6% since May 2004, Azman also affirmed educated guesses of a RM6 billion haul in Singapore and RM800 million of gains from investments in Chinese equities, among other things.

“That [RM6 billion] is something we can harvest in the years ahead,” Azman told reporters on Jan 18, referring to Khazanah’s 60% share of “at least $3 billion gains” from the Marina One and DUO integrated development projects in Singapore with a gross development value (GDV) of $11 billion that were officially opened by the premiers of Malaysia and Singapore on Jan 15.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook