加坡国有投资企业淡马锡控股（Temasek Holdings Pte. Ltd.）周四公布，其截至3月31日的一年净利润下降26%，因其投资组合公司贡献较少，不过其投资组合价值增长43%。
获 利和投资组合业绩背道而驰显示，淡马锡持股的许多企业在全球资本追逐新兴市场回报率之际表现良好，不过许多企业在燃料成本上涨和国际贸易疲弱这样更加艰苦 的商业环境中，挣钱更加困难。
淡马锡拥有新加坡 一些最大企业的控股权，其中包括新加坡航空公司（Singapore Airlines Ltd）、海皇轮船有限公司（Neptune Orient Lines Ltd.）以及世界最大的港口设备运营商新加坡国际港务集团（PSA International Pte. Ltd.）。淡马锡还拥有亚洲其他企业的大量股权，其中包括中国两家最大银行，泰国一家卫星广播公司和印度一家电信运营商。另外它还是英国渣打银行 （Standard Chartered PLC）的最大股东，持股18%。
淡马锡表示，截至3月31日投资组合价值为1860亿坡元， 略高于两年前估值时的1850亿坡元，因之前其从2008年和2009年初的巨亏中翻身。去年第二季度全球股市的飙升贡献了反弹中的大部分。去年投资组合 价值增长的560亿坡元中，420亿坡元发生在截至2009年7月31日的四个月。
在 截至3月31日的一年，淡马锡净的新投资为40亿坡元，其中多数投向了能源和资源，淡马锡继续进行直接投资。在5月和6月，淡马锡向美国天然气企业 Chesapeake Energy Corp.投资超过了6亿美元。能源和资源目前占公司投资额的约7%，高于一年前的5%。
近期其他 的投资还包括，淡马锡在中国农业银行的首次公开募股（IPO）中投资2亿美元，5月淡马锡以2.41亿坡元收购了印度国家股票交易所（National Stock Exchange）的5%股权。
Singapore's state-owned investment firm Temasek Holdings Pte. Ltd. said Thursday it posted a 26% drop in net profit for the year ended March 31 on the back of weaker contributions from its portfolio companies, even as its portfolio rose 43% in value.
The divergence between profit and portfolio performance shows that the share price of many companies owned by Temasek did well as global capital chased returns in emerging markets, yet many had trouble making money in a tougher business environment that included higher fuel costs and weaker international trade.
Temasek owns controlling stakes in some of Singapore's biggest corporations, including Singapore Airlines Ltd., shipping company Neptune Orient Lines Ltd. and PSA International Pte. Ltd., the world's biggest operator of port facilities. It also owns significant chunks of other Asian companies that include two of China's biggest banks, a Thai satellite broadcaster and an Indian telecom operator. And it is the biggest shareholder in U.K.-based Standard Chartered PLC, with an 18% stake.
Temasek said its portfolio stood at S$186 billion as of March 31, nudging just above the S$185 billion it was valued at two years earlier after rebounding from huge losses in 2008 and early 2009. A sharp rise in global markets during the second quarter last year accounted for most of the recovery. Of the S$56 billion growth in the portfolio's value last year, S$42 billion occurred in the four months to July 31, 2009.
Over the year to March 31, Temasek made a net S$4 billion of new investments, much of it in energy and resources, where it continues to direct money. In May and June, it invested over US$600 million in U.S. natural gas company Chesapeake Energy Corp. Energy and resources now account for about 7% of the companies investments, up from 5% a year earlier.
Other recent investments include US$200 million Temasek has invested in the initial public offering of Agricultural Bank of China. In May, Temasek also acquired a 5% stake in India's National Stock Exchange for S$241 million.