Temasek portfolio grows but profit declines

[Confuseous]

SINGAPORE - Singapore state investor Temasek Holdings said on Thursday that the size of its portfolio grew slightly in the last financial year but net profit fell because of a tougher business environment.

It also said the outlook was uncertain.

"China growth is slowing but a hard landing is unlikely... (but) we see contagion risk from Europe," head of investment Chia Song Hwee said at a media briefing.

The Singapore fund had a net cash position at the end of March 2012 and was looking for opportunities in various areas such as energy and commodities.

Temasek, which invests mainly in Asia, said its portfolio stood at S$198 billion (US$156.37 billion) at the end of March 2012, up from S$193 billion a year ago.

Group net profit, however, fell to S$10.7 billion from S$12.7 billion a year earlier partly due to weaker performance by some of the firms in its portfolio.

 

[congo9]

I wonder how much profit they dervied from local singapore market out of this 10billion odd alone !

 

[Cerebral]

10B nett profit out of 198B is only 5%. i am not too familiar with the investment world, but in business world, it is shit result. Most businesses average close to 10% nett profit, plus temasek boast to have top talents.

 

[Cruxx]

MLM within an MLM of a cuntry.

 

[laksaboy]

10B nett profit out of 198B is only 5%. i am not too familiar with the investment world, but in business world, it is shit result. Most businesses average close to 10% nett profit, plus temasek boast to have top talents.

5% growth eh? At the current inflation rate, that means you've earned fuck all.

Singapore's CPI expected to remain at 5% for next few months
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1201136/1/.html