First Pacific (142 HK):  Discussion with Management on Catalysts/Near Term Events

First Pacific (142 HK):  Stub Surges 30% - Unwind

Global Special Situations

Charles Nave

Event-Driven

<p>First Pacific is trading at historically wide discount to NAV levels whilst the relative yield premium at Philippine Long Distance Telecom (PLDT) has narrowed substantially.</p><p>Goodman Fielder (50% owned) is positioned for further growth into Asia, whilst a number of catalysts at the Metro Pacific level see a good turnaround story for First Pacific ex-PLDT and Indofood.</p>

First Pacific is trading at historically wide discount to NAV levels whilst the relative yield premium at Philippine Long Distance Telecom (PLDT) has narrowed substantially.Goodman Fielder (50% owned) is positioned for further growth into Asia, whilst a number of catalysts at the Metro Pacific level see a good turnaround story for First Pacific ex-PLDT and Indofood.

Philippine Long Distance Telephone (Adr) (PHI US)

First Pacific (142 HK):  Goodman and Metro Pacific Set to Reignite the Stub

First Pacific Co

First Pacific (142 HK): Goodman and Metro Pacific Set to Reignite the Stub