Primer: Philex Mining (PX PM) - Nov 2025
Philex Mining is at a critical transition point, shifting focus from its maturing Padcal mine to the large-scale Silangan copper-gold project,...
350 Views
First Pacific (142 HK)'s Full Value As Maynilad Commences Trading
First Pac has had a great run-up in the past 12 months. I don't see any near-term catalyst for the unlisted stub ops. If in (stub set up), I'd be...
440 Views
First Pacific (142 HK): Maynilad's IPO (Now With Prospectus Numbers)
This insight is largely a rehash of yesterday's note, together with updated numbers applying prospectus figures. I thought this warranted a fresh...
414 Views
First Pacific (142 HK): Maynilad's IPO Price Firmed
First Pac's NAV discount is elevated for a multiple cross-border, difficult to short holdco. Maynilad's IPO was priced below expectations. Plus the...
312 Views
First Pacific (142 HK) Is Fully Valued Here
First Pac 's NAV discount has significantly narrowed, and is around the lowest since early 2018. Tight for a multiple cross-border, difficult to...
425 Views