Summary by Moomoo AI
First Pacific announced in its mid-year report for 2024 that its main investments include consumer food, telecommunications, infrastructure, and natural resources. The company has shown strong business performance in Indonesia, the Philippines, Singapore, etc., with Indofood, PLDT, and MPIC as the company's core investments. First Pacific holds 50.1% economic interest in Indofood, 25.6% economic interest in PLDT, and 46.3% economic interest in MPIC. In addition, the company also invested in PacificLight Power Pte. Ltd, Philex Mining Corporation, and PXP Energy Corporation. First Pacific's investment strategy focuses on growth opportunities in the Asia-Pacific region, considering environmental, social, and governance factors to manage risks and pursue sustainable long-term returns. In mid-2024, the company recorded an 8% increase in revenue, a 13% increase in recurring profits, and a 20% decrease in reported profits.