We regret to report that First Pacific shareholders are down 32% for the year (even including dividends). JAKARTA. First Pacific is not owned by hedge funds. Simply Wall St has no position in the stocks mentioned. You can click here to see if those insiders have been buying or selling. Start-up capital was HK$7 million (US$0.9 million) with a total staff of six (6) in a 500 square feet (50 square meters) office in Central, Hong Kong. If you are like me, you may want to think about whether this company will grow or shrink. First Pacific Co Ltd, Salim's holding company, said in a filing to the Hong Kong stock exchange that a takeover by its subsidiary Indofood CBP (ICBP) of Pinehill Company Ltd was approved by its independent shareholders at a special meeting where 52% of votes were cast in favour. (AM/AR), IDX plans to remove Panasia Indo Resources from the listing board, Bank QNB Indonesia released IDR 693.26 billion non-performing loans, AKRA and Petronas set up a joint venture company, KMDS plans to divert the use of the remaining IPO funds, ICBP - PT. The second largest shareholder with 18%, is First Pacific Investments Ltd., followed by Brandes Investment Partners, L.P., with an ownership of 8.0%. First Pacific Investments Ltd. is the second largest shareholder owning 18% of common stock, and Brandes Investment Partners, L.P. holds about 8.0% of the company stock. Pinehill is one of Indomie's distributors and producers in the Middle East and Africa. However, the shareholders who supported the acquisition explained that theaction would significantly improve ICBP's financial performance. Help shape the future of investing tools and you could win a $250 gift card! Refers to the average yield of all stocks listed in HK which have dividend paid in the past year. Want to participate in a short research study? However, it could simply be that the share price has been impacted by … I generally like to see some degree of insider ownership, even if only a little. click here to see if those insiders have been buying or selling. Unfortunately, that’s worse than the broader market decline of 9.5%. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. 0. It has a market capitalization of HK$14b, which means it would generally expect to see some institutions on the share registry. ICBP's acquisition of Pinehill shares was quite complicated because as many as 47.73% of First Pacific's independent shareholders rejected the acquisition plan. First Pacific isn't enormous, but it's not particularly small either. An Oregon cancer nurse was put on leave after boasting on TikTok about ignoring COVID-19 rules, Trump lashes out at 60 Minutes in furious tweets over interview with fired elections official, Ex-U.S. cybersecurity chief Chris Krebs tells 60 Minutes how he knows the 2020 election wasn't rigged. FIRST PACIFIC COMPANY LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Hong Kong Stock Exchange: 142 | Hong Kong Stock Exchange Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. First Pacific Company Limited published this content on 28 September 2017 and is solely responsible for the information contained herein. We can see that First Pacific does have institutional investors; and they hold 42% of the stock. So it is worth checking the past earnings trajectory of First Pacific, (below). Thank you for reading. It has a market capitalization of HK$14b, which means it would generally expect to see some institutions on the share registry. I like to dive deeper into how a company has performed in the past. First Pacific Co Ltd, Salim's holding company, said in a filing to the Hong Kong stock exchange that a takeover by its subsidiary Indofood CBP (ICBP) of Pinehill Company Ltd was approved by its independent shareholders at a special meeting where 52% of votes were cast in favour. Stock analysis for First Pacific Co Ltd (142:Hong Kong) including stock price, stock chart, company news, key statistics, fundamentals and company profile. We regret to report that First Pacific shareholders are down 32% for the year (even including dividends). First Pacific Company Limited (Chinese: 第一太平有限公司) is a Hong Kong-based investment management and holding company with operations located in Asia.It involves telecommunications, consumer food products and infrastructure. These institutions hold a total of 273,442,112 shares. This suggests some credibility amongst professional investors. The reason, the acquisition of US$ 3 billion was considered too expensive. So they usually pay more attention to companies that are included in major indices. How Many Really Mean It? First Pacific isn't enormous, but it's not particularly small either. First Pacific Co Ltd (142:HKG) company profile with history, revenue, mergers & acquisitions, peer analysis, institutional shareholders and more. Of course, keep in mind that there are other factors to consider, too. It has a market capitalization of HK$14b, which means it would generally expect to see some institutions on the share registry. We aim to bring you long-term focused research analysis driven by fundamental data. Shareholders Equity (Quarterly) is a widely used stock evaluation measure. Largest shareholders include SFGIX - Seafarer Overseas Growth and Income Fund Investor, BEMIX - Brandes Emerging … That's quite meaningful. First Pacific : Letter with Reply Form to New Shareholder - Election of Language and Means of Receipt of Corporate Communications. There is some analyst coverage of the stock, but it could still become more well known, with time. Luckily, you can check this free report showing analyst forecasts for its future. We use cookies to help make this website better. We note that hedge funds don't have a meaningful investment in First Pacific. First Pacific Company Limited Annual Report 2018. Indeed, the share price is down a tragic 59% in the last three years. Insiders own HK$3.8b worth of shares in the HK$14b company. Mr. Anthoni Salim holds interests in and controls directly and indirectly First Pacific Company Limited. Every investor in First Pacific Company Limited (HKG:142) should be aware of the most powerful shareholder groups. 1013 stocks have paid dividend in the past year; equivalent to 39% of all stocks listed in HK. US$90 million cash proceeds to reduce First Pacific’s NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. Let's take a closer look to see what the different types of shareholder can tell us about 142. Anthoni Salim is currently the largest shareholder, with 26% of shares outstanding. Distributed by Public, unedited and unaltered, on 28 September 2017 09:19:06 UTC. PT Indofood CBP Sukses Makmur Tbk's (ICBP) plan to acquire Pinehill Company Ltd was finally approved by 52% of the independent shareholders of First Pacific Co Ltd, the Salim Group holding company listed on … 11/28/2019 ... the shareholder whose name stands first on the Register of Members of the Company in respect of the joint holding should sign on this Reply Form in order to be valid. We note that for First Pacific the TSR over the last 5 years was -60%, which is better than the share price return mentioned above. Address 24/F, Two Exchange Square 8 Connaught Place, Central Hong Kong SAR Independent Board Committee, First Pacific’s independent shareholders approve the sale and assignment of the Larouge Loan and related security. Our analysis of the ownership of the company, below, shows that institutions own shares in the company. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. 17 Apr The Larouge Loan transaction is closed and the loan is repaid. Our information suggests that insiders maintain a significant holding in First Pacific Company Limited. Generally speaking, as a company grows, institutions will increase their ownership. Shareholders Composition *First Pacific Company Limited, is a public listed company on the Hong Kong Stock Exchange. Metro Pacific • 1Q 2018 Core Net Income up 16% to ₱3.6 Bln from ₱3.1 Bln in 1Q 2017 • Reported Net Income attributable to shareholders up 27% to ₱3.8 Bln • System wide revenues including MERALCO up 10% to ₱95.1 Bln • Fully Diluted Core Net Income per share up 16% to 11.55 centavos Buchanan and Russell already worked for de Kantzow and Farrell at Roy Farrell Import-Export Company, the predecessor of Cathay Pacific… Our analysis of the ownership of the company, below, shows that institutions own shares in the company. Name Type Date Shares traded Share price Transaction value Since transaction; No insider transactions in the 1 year period. election of language and means of receipt of corporate communications 第一太平有限公司 ... | november 5, 2020 Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. The general public, with a 29% stake in the company, will not easily be ignored. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Cathay Pacific Airways was founded on 24 September 1946 in Hong Kong. First Pacific Finance Limited was founded as a financial services provider in Hong Kong (deposit-taking company or aka finance house). Find the latest Shareholders Equity (Quarterly) for First Pacific Co (FPAFY) First Pacific isn't enormous, but it's not particularly small either. But we can't rely on that fact alone, since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. Number of shareholders 4,500 4,530 4,760 4,796 4,853 4,884 4,606 4,503 4,608 6,202 Three years the local market to help make this website better with other.! Holds interests in and controls directly and indirectly First Pacific: Letter with Form... 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