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20-10-2013, 12:43 AM
(This post was last modified: 23-10-2013, 02:38 PM by CityFarmer.)
First Pacific (listed in HKEX) is a large conglomerate owning controlling interests and managing listed South East Asian companies in consumer product, agriculture, mining, infrastructure and telco sector. There are 2 SGX coys linked indirectly to First Pacific - China Minzhong and Indofood Agri via Indofood.
Portfolio -
1) 25.6% stake in Philippine Long Distance Telephone Company
2) 50.1% stake in Indofood
3) 55.8% stake in Metro Pacific
4) 31.2% stake in Philex Mining Corp
5) 68.1% stake in FPM Power (owns and operates 800 MW power plant in SG)
The business model depends on dividend flowing upstream from its stable of companies (mainly from PLDT and Indofood) totaling approx US$300 million p.a.
I noticed this Company recently and thought it might be an interesting proxy for ASEAN growth if one is bullish on it.
http://www.firstpacific.com/eng/home/ [Website]
(Not Vested)
Portfolio -
1) 25.6% stake in Philippine Long Distance Telephone Company
2) 50.1% stake in Indofood
3) 55.8% stake in Metro Pacific
4) 31.2% stake in Philex Mining Corp
5) 68.1% stake in FPM Power (owns and operates 800 MW power plant in SG)
The business model depends on dividend flowing upstream from its stable of companies (mainly from PLDT and Indofood) totaling approx US$300 million p.a.
I noticed this Company recently and thought it might be an interesting proxy for ASEAN growth if one is bullish on it.
http://www.firstpacific.com/eng/home/ [Website]
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.