FPAFY - First Pacific Offers A 6% Dividend From Stable Businesses In South Asia
2024-05-18 09:48:38 ET
Summary
- First Pacific is providing a safety buffer on asset values twice the company's market capitalization.
- Revenue and profit are well diversified, both geographically and business-wise.
- First Pacific is offering a 6% dividend yield with potential growth that would correspond with the GDP development of the economies in South Asia.
First Pacific ( OTCPK:FPAFY ) ( OTCPK:FPAFF ) describes itself as a "Hong Kong-based investment holding company with investments located in Asia-Pacific with principal investments in consumer food products, telecommunications, infrastructure, and natural resources." Although the company is Hong Kong-based, its sources of revenue are located in the Philippines, Indonesia, and Singapore.
The primary listing of the company is in Hong Kong under ticker 00142, with an average daily trading volume of 4,5 million shares and a minimal lot size of 2,000 shares. There are also ADRs traded under ticker FPAFY (with ADRs to Ordinary Shares Ratio 1:5) in the US with an average daily volume of 40k shares. The ADRs are also traded in Germany in EUR, but the trading volume is low, and I suggest that potential new shareholders buy the stock on the market with the highest liquidity....
First Pacific Offers A 6% Dividend From Stable Businesses In South Asia