Added to YB: 2023-11-13
Pitch date: 2023-11-13
FPAFY [bullish]
First Pacific Company Limited
+134.61%
current return
Author Info
Company Info
First Pacific Company Limited, an investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally.
Market Cap
HKD 3.0B
Pitch Price
HKD 2.51
Price Target
N/A
Dividend
4.67%
EV/EBITDA
6.17
P/E
4.95
EV/Sales
1.95
Sector
Food Products
Category
value
First Pacific: The Noodle Narrative
FPAFY & PIFMY: Cheap Indonesian staples play. Indomie noodles a differentiated product w/ strong brand. FPAFY at 3 P/E but $8B debt, though assets (50% Indofood) are stable: power, infra, telco. Risks: complex structure, poor governance, EM exposure. Upside if delever.
Read full article (8 min)