First Pacific

There's value in the mix

First Pacific subsidiary Indofood is the world's largest producer of instant noodles. Photo: Bloomberg

Indonesia and the Philippines are among the best-performing economies and markets in Asia this year.

Monday, 19 November, 2012, 1:54am

Profit sees steady rise over first six months

Hong Kong-listed conglomerate First Pacific says its unaudited financial results for the first six months of the year saw a steady rise in net profit.

First Pacific says its recurring profit rose 14.3 per cent to US$219.4 million from US$191.9 million a year earlier, as a result of significantly stronger earnings by all operating companies in US dollar terms.

5 Sep 2011 - 12:00am

First Pacific sets 18-month target for key buyouts

Southeast Asian conglomerate First Pacific, which controls the Philippines' largest telephone company and the world's largest noodle maker, will review its expansion strategy if it fails to make a 'transformational acquisition' by 2009.

If there is no such acquisition, the company may consider giving money back to shareholders or buying back some of its outstanding stock.

28 Jun 2007 - 12:00am

First Pacific shopping for infrastructure plays

Hong Kong-listed conglomerate First Pacific plans to acquire more infrastructure projects in the region after sealing its first last month, according to executive director Robert Nicholson.

9 Jan 2007 - 12:00am

Appointments

Emily Lam

Partner, assurance services

PricewaterhouseCoopers Hong Kong

Ms Lam will in providing assurance, business and regulatory advisory services to banks in China and Hong Kong.

Nelson Lou

Partner, advisory services

PricewaterhouseCoopers Hong Kong

4 Sep 2006 - 12:00am

First Pacific revamp forces Salim buyout bid

First Pacific completed a $1.74 billion internal restructuring last week that saw its chairman boost his control in the Southeast Asia-focused conglomerate to 44.48 per cent at a time when the stock's valuation has recovered to a four-year high.

2 May 2006 - 12:00am

First Pacific future 'uncertain' after record US$1.7b provision

Analysts who attended a recent First Pacific briefing say they left with a sense of uncertainty about the company's future direction.

2 Feb 2002 - 12:00am

Buying remainder of Savills not an option, says First Pacific

First Pacific has denied reports wholly owned subsidiary, First Pacific Davies (FPD) is preparing a GBP143 million (about HK$1.83 billion) cash offer for the 80 per cent of British estate agency Savills it does not already own. FPD, which last year bought a 20 per cent stake in Savills for GBP17 million, said the reports were 'unfounded rumour and speculation'.

9 Oct 1999 - 12:00am

Lack of leads caps gains

The Hang Seng Index rose moderately in quiet trade yesterday, failing to regain the 13,000-point level.

The index gained 84.47 points, or 0.66 per cent, to 12,844.93 on a turnover of $6.94 billion.

29 Sep 1999 - 12:00am

First Pacific is a regional conglomerate engaged in telecommunictions, property

FIRST Pacific is a regional conglomerate engaged in telecommunications, property and banking.

Nomura Research Institute Hong Kong put a sell recommendation on the brokerage a year ago. This initially proved good advice because the share price fell by nearly 40 per cent from its early-April value.

4 Apr 1999 - 12:00am

FPB Bank stake sale on track

First Pacific 'has advanced to the next stage of discussions' on the sale of 41.3 per cent-held FPB Bank Holding, whose stock rose 15 per cent to $1.73 per share yesterday. FPB - which runs First Pacific Bank in Hong Kong - said that, since November, it had 'advanced to the next stage of discussions with an independent and leading international financial institution'.

5 Mar 1999 - 12:00am

The Diary

MONDAY, MARCH 1 ASM Pacific Technology, First Pacific and Pico Far East Holdings announce their final results.

TUESDAY, MARCH 2 Hachette Filipacchi Medias and the International Research Institute on Social Changes unveil results of a global survey on women and their attitudes. Fountain Set (Holdings) holds its annual general meeting.

28 Feb 1999 - 12:00am

Savills dismisses takeover talk

Savills, the British real estate company, said yesterday it had not received any approach from First Pacific Davies (FPD), the Hong Kong property group which already owns 20 per cent of the company.

'It is pure speculation. We are not in talks with First Pacific Davies,' Savills managing director Aubrey Adams said.

13 Jan 1999 - 12:00am

Hagemeyer sees 30.5pc surge in net profit as acquisitions push up sales

First Pacific's Dutch associate Hagemeyer said yesterday strong sales growth from acquisitions pushed net profit up 30.5 per cent last year.

Parent First Pacific announced recently it would sell up to US$2 billion in assets, including its 39.7 per cent stake in Hagemeyer, to sort out its troubled finances.

17 Feb 1998 - 12:00am

First Pacific

First Pacific yesterday fell 16.8 per cent to $2.475 - a four-year low - despite reassurances from the company it could cope with the impact of the Asian financial crisis.

The stock's 34 per cent plunge this year makes it the worst performing stock on the Hang Seng Index.

9 Jan 1998 - 12:00am

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