Hang Seng Index
Established in 1969, the Hang Seng Index is the benchmark stock market index, monitoring changes in 48 constituent blue chip stocks. It is maintained by Hang Seng Indexes Company, a unit of Hang Seng Bank, which is controlled by HSBC Group.
First Pacific proves winner
FIRST Pacific Company is a regional conglomerate with interests ranging from marketing and property services through to telecommunications and banking.
Twelve months ago, brokerage Standard Chartered Securities said the company was set to improve its already strong earnings growth and recommended a buy.
This turned out to be a winner for the brokerage as the stock then stood at $5.50 and now trades at about $8.80.
Over the period First Pacific has outperformed the Hang Seng Index by 47 per cent.