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.