Corporate Profile

First Pacific (HKEX: 142, ADRs: FPAFY) is a Hong Kong-based investment holding company with investments located in Asia-Pacific. The Company’s principal investments are in consumer food products, telecommunications, infrastructure, and natural resources.
Our mission is to unlock value by:
  • Delivering dividend/distribution returns to shareholders
  • Delivering share price/value appreciation of First Pacific
  • Making further investments in valueenhancing businesses, taking into consideration all relevant criteria, including Environmental, Social and Governance (“ESG”) factors to better manage risk and generate sustainable long-term returns
Our investment criteria are clear:
  • Investments must be located in or trading with the fast-growing economies of emerging Asia
  • They must be related to our four industry sectors (consumer food products, telecommunications, infrastructure and natural resources)
  • Companies invested in must have a strong or dominant market position in their respective sectors
  • They must possess the potential for substantial cash flows
Our strategies are threefold:
  • Identify undervalued or underperforming assets with strong growth potential and possible synergies
  • Help our investments set strategic direction, develop business plans, and define targets
  • Raise reporting and ESG standards to world-class levels at First Pacific and its investments
First Pacific’s investment portfolio is centered on our core industries and markets in PT Indofood Sukses Makmur Tbk (“Indofood”), PLDT Inc. (“PLDT”), and Metro Pacific Investments Corporation (“MPIC”). Indofood is the largest vertically integrated food company in Indonesia and producer of the global instant noodle brand Indomie while PLDT is the dominant  integrated telecommunications and digital services provider in the Philippines with the largest fixed broadband network and the largest and most modern wireless network in the  country. MPIC is a leading infrastructure investment and management company in the Philippines, with holdings in the country’s largest electricity distributor, toll road operator, water distributor, and healthcare group. MPIC also holds investment in the storage of petroleum products, real estate, light rail, and dairy.

First Pacific also holds investments in PacificLight Power Pte. Ltd. (“PLP”), Philex Mining Corporation (“Philex”), and PXP Energy Corporation (“PXP”). PLP operates one of Singapore’s most efficient gas-fired power plants. Philex is one of the largest metal mining companies in the Philippines, producing gold, copper and silver, and PXP is an upstream oil and gas  company with a number of service contracts in the Philippines.

Listed in Hong Kong, First Pacific’s shares are also available for trading in the United States through American Depositary Receipts.

As at 27 March 2024, First Pacific’s economic interest in Indofood is 50.1%, in PLDT 25.6%, in MPIC 46.3%, in FPM Power Holdings Limited (“FPM Power”) 68.8%(1) , in Philex 31.2%(2), and in PXP 35.7%(2)(3).

  • (1)Includes a 8.8% effective economic interest in FPM Power held through First Pacific’s indirect interests in Manila Electric Company (“Meralco”).
  • (2) Two Rivers Pacific Holdings Corporation (“Two Rivers”), a Philippine affiliate of First Pacific, holds additional 15.0% and 6.7% economic interests in Philex and PXP, respectively.
  • (3) Includes a 14.0% effective economic interest in PXP held through First Pacific’s indirect interests in Philex.