With S$172 billion ($123.6 billion) in assets as of end-July 2009, Temasek could also reveal this month that it fared better in the year ended March 31 after assets fell 30 percent in the prior year as the global financial crisis struck. "Temasek's move to resources is consistent with its goal of catering to Asia's emerging middle class," said Melvyn Teo, director of the BNP Paribas Hedge Fund Centre at SMU.