Company Overview - First Pacific is a Hong Kong-based company that operates through various subsidiaries, including Indofood and Metro Pacific Investments [4][5] - Indofood is recognized as the largest producer of wheat-based instant noodles globally, with its noodle products manufactured under Indofood Consumer Branded Products, which is also publicly listed [4] - Metro Pacific Investments is a holding company based in Manila, with nearly 50% ownership by First Pacific, and it controls significant infrastructure assets, including the largest electricity distributor and the largest non-government-owned toll road operator in the Philippines [5] Financial Reporting - The company reports its financial results biannually, with the current presentation focusing on the first half results [3] - Several operating companies under First Pacific are expected to release their nine-month financial results in the upcoming weeks, indicating ongoing performance tracking within the group [3]

Summary of First Pacific Company Conference Call Company Overview - **Company**: First Pacific Company (SEHK:00142) - **Industry**: Investment holding company with interests in various sectors including food, telecommunications, utilities, and natural resources - **Key Assets**: Indofood, Metro Pacific Investments (MPIC), PLDT, PacificLight Power, IndoAgri, Philex Mining Corporation Core Points and Arguments - **Investment Strategy**: Focus on defensive assets in Southeast Asia, particularly in sectors less affected by economic downturns such as utilities and telecommunications [6][7][8] - **Financial Performance**: - First half of 2025 showed an 8% increase in recurring profit and an 11% increase in overall profit due to controlled head office costs [10] - Record high earnings reported in the past four years, with the first half of 2025 exceeding the total profit of 2020 [9][10] - **Dividend Policy**: Progressive dividend policy aimed at increasing per-share distributions annually, contingent on financial performance [10][34] - **Market Position**: - First Pacific's market cap is approximately $3.5 billion, with a low price-to-earnings ratio of less than five times compared to peers [22] - Significant NAV discount of about 7.4% as of September [27] Key Holdings - **Indofood**: - Largest maker of wheat-based instant noodles globally, contributing $1.9 billion to First Pacific's asset value [4][13] - Revenue growth from IDR 40 trillion to over IDR 100 trillion over 14 years, with strong EBIT margins around 25% [14][15] - **Metro Pacific Investments (MPIC)**: - Major electricity distributor in the Philippines, owning 48% of Meralco and 93% of Metro Pacific Tollways Corporation [17][18] - Strong earnings growth, with power generation becoming a significant source of income [19] - **PLDT**: - Largest telecommunications company in the Philippines, providing steady earnings and significant dividends [20] - **PacificLight Power**: - Operator of LNG power plants in Singapore, contributing to dividend income and future growth with new projects [21] Growth Catalysts - **Philex Mining Corporation**: New Salangan mine expected to open next year, potentially increasing earnings significantly [23][24] - **Maya**: Fintech platform with rapid growth, currently the largest consumer fintech app in the Philippines, showing a net interest margin increase from 7% to over 20% [25][26] - **MPIC Valuation**: Potential for revaluation as the market recognizes the value of its assets, particularly Meralco [28][29] Additional Insights - **Geographic Focus**: Majority of assets located in the Philippines (over 50%), with significant investments in Indonesia and Singapore [5] - **Debt Management**: Gross debt of approximately $1.4 billion, with a balanced approach to fixed and floating interest rate borrowings [12] - **Market Conditions**: Confidence in continued earnings growth supported by economic forecasts for the regions of operation [11][29] Conclusion - First Pacific Company is positioned as a stable investment opportunity with a focus on defensive assets in high-growth markets. The company is confident in its ability to deliver continued earnings growth and shareholder value through its diversified portfolio and strategic investments in key sectors.

第一太平(00142)发布附属公司PT Indofood Sukses Makmur Tbk(Indofood)截至2025年9月30日止9个月业 绩，销售净额909810.90亿印尼盾，同比增加4.64%;母公司权益持有人应占期间收入78813.47亿印尼盾， 同比减少10.04%;母公司权益持有人应占每股基本盈利898印尼盾。 ...

智通财经APP讯，第一太平(00142)发布附属公司PT Indofood Sukses Makmur Tbk(Indofood)截至 2025年9 月30日止9个月业绩，销售净额909810.90亿印尼盾，同比增加4.64%;母公司权益持有人应占期间收入 78813.47亿印尼盾，同比减少10.04%;母公司权益持有人应占每股基本盈利898印尼盾。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並表明概不就因本公告之全部或任何部 份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 第一太平有限公司 （根據百慕達法例註冊成立之有限公司） （股份代號：00142） 網址：www.firstpacific.com PT INDOFOOD SUKSES MAKMUR TBK 就其截至2025年9月30日止9個月之 未經審核綜合財務業績發表公告 根據香港聯合交易所有限公司（「香港聯交所」）證券上市規則第13.09(2)(a)條及香 港法例第571章證券及期貨條例第XIVA部之內幕消息條文之規定，第一太平有限 公司（「第一太平」或「本公司」）發表本公告，以向第一太平之股東及公眾提供有關 本公司之附屬公司PT Indofood Sukses Makmur Tbk（「Indofood」）截至2025年9月 30日止9個月之未經審核綜合財務業績之相關資料。 概要 Indofood之董事會批准刊發其截至2025年9月30日止9個月之未經審核綜合財務業 績，該未經審核綜合財務業績已於2025年10月31日 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | | --- | | 2025年10月31日 | | 狀態: | | 新提交 | 致：香港交易及結算所有限公司 公司名稱: 第一太平有限公司 呈交日期: 2025年10月31日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00142 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 6,000,000,000 | USD | | 0.01 USD | | 60,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 6,000,000,000 | USD | | 0.01 USD | | 60,000,000 | ...

Core Viewpoint - First Pacific Company Limited is focused on defensive businesses in Southeast Asia and is set to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on November 4, 2025, highlighting its growth and investment opportunities in the region [1][2]. Company Overview - First Pacific is a Hong Kong-based investment holding company with operations in consumer food products, telecommunications, infrastructure, and mining [7]. - The company is listed on the Hong Kong Stock Exchange and offers access to defensive industries in Southeast Asia, benefiting from robust investor protections and a de facto USD valuation [3][7]. Financial Performance - The company has experienced six consecutive years of profit growth, with the last four years achieving record highs [4]. - Shareholders received a record high dividend per share for 2024 earnings, with expectations for 2025 to set a new record [3]. - First Pacific's share price increased by 25% in 2023 and 45% in 2024, with a recurring P/E ratio of 3.6x for FY 2024 [6]. Investment Portfolio - Key assets include Indofood, the world's largest maker of instant noodles, MPTC, the largest privately owned toll road operator, and major companies in power (Meralco), telecommunications (PLDT), and water (Maynilad) in the Philippines [5]. - The company is also the largest shareholder in Philex Mining, which plans to open a second gold and copper mine in 2026 [5]. Strategic Focus - First Pacific's strategy emphasizes investing in industries where it has expertise, focusing on Southeast Asia, and maintaining significant stakes in its investments to control cash flows [7]. - The company has low borrowings and an interest coverage ratio of 4x, maintaining investment-grade credit ratings from Moody's and S&P Global for three years [6]. Upcoming Events - The dbVIC - Deutsche Bank ADR Virtual Investor Conference will allow real-time interaction between investors and the company, with an archived webcast available for those unable to attend live [2][9].

Core Viewpoint - 第一太平 (00142.HK) plans to spin off its Philippine subsidiary Maynilad and list it on the Philippine Stock Exchange, with shares priced at 15 Philippine pesos, approximately 0.26 USD or 2.01 HKD [1] Group 1 - The final version of the prospectus and the final offer price notification will be submitted to the Philippine Stock Exchange and the Securities and Exchange Commission by October 21, 2025 [1] - The expected offering period for the spin-off and listing is from October 23 to October 29, 2025 [1] - Maynilad shares are anticipated to start trading on the Philippine Stock Exchange on November 7, 2025 [1]

Core Viewpoint - First Pacific Company Limited (00142) has announced the pricing of Maynilad shares at 15 Philippine Pesos, equivalent to approximately 0.26 USD or 2.01 HKD, set for October 20, 2025 [1] Group 1 - The final version of the prospectus and the final offer price notification will be submitted to the Philippine Stock Exchange and the Securities and Exchange Commission by October 21, 2025 [1] - The expected offering period for the proposed spin-off and listing is from October 23, 2025, to October 29, 2025 [1] - Maynilad shares are anticipated to commence trading on the Philippine Stock Exchange on November 7, 2025 [1]

Core Viewpoint - First Pacific Company Limited (00142) has announced the pricing of Maynilad shares at 15 Philippine pesos, approximately 0.26 USD or 2.01 HKD, with the final prospectus to be submitted by October 21, 2025 [1] Group 1 - The expected offering period for the proposed spin-off and listing of Maynilad shares is from October 23 to October 29, 2025 [1] - Maynilad shares are anticipated to begin trading on the Philippine Stock Exchange on November 7, 2025 [1]