-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IRbYK42rSu32vcsTlmgjmVGZsKXcdReunSO6ehQRPq3gieG42RZIsTnUpmgOKrqs +GPvPNxg/ofNC5NcADdK3w== 0001104659-05-025791.txt : 20050611 0001104659-05-025791.hdr.sgml : 20050611 20050527122635 ACCESSION NUMBER: 0001104659-05-025791 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050331 FILED AS OF DATE: 20050527 DATE AS OF CHANGE: 20050527 EFFECTIVENESS DATE: 20050527 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY DEAN WITTER ASIA PACIFIC FUND INC CENTRAL INDEX KEY: 0000919808 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-08388 FILM NUMBER: 05862522 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 6175578742 MAIL ADDRESS: STREET 1: MORGAN STANLEY ASIA PACIFIC FUND STREET 2: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY ASIA PACIFIC FUND INC DATE OF NAME CHANGE: 19940505 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY ASIA INVESTMENT FUND INC DATE OF NAME CHANGE: 19940316 N-Q 1 a05-9806_1nq.htm N-Q

[Annotated Form N-Q]

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

 

 

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-08388

 

MORGAN STANLEY ASIA-PACIFIC FUND, INC.

(Exact name of registrant as specified in charter)

1221 AVENUE OF THE AMERICAS 22ND FLOOR NEW YORK, NY

10020

(Address of principal executive offices)

(Zip code)

RONALD E. ROBISON
1221 AVENUE OF THE AMERICAS 33RD FLOOR NEW YORK, NY, 10020

(Name and address of agent for service)

 

 

 

Registrant’s telephone number, including area code:

1-800-221-6726

 

 

Date of fiscal year end:

12/31

 

 

Date of reporting period:

3/31/05

 

 


 

Item 1.  Schedule of Investments.

 

The Fund’s schedule of investment as of the close of the reporting period prepared pursuant to Rule 12-12 Regulation S-X is as follows:

 

Morgan Stanley Asia-Pacific Fund, Inc.

First Quarter Report

March 31, 2005 (unaudited)

 

Portfolio of Investments

 

 

 

 

 

 

 

Value

 

 

 

 

 

Shares

 

(000)

 

COMMON STOCKS (95.6%)

 

 

 

 

 

 

 

(Unless otherwise noted)

 

 

 

 

 

 

 

Australia (9.4%)

 

 

 

 

 

 

 

Beverages

 

 

 

 

 

 

 

Lion Nathan Ltd.

 

 

 

178,700

 

$

1,001

 

Biotechnology

 

 

 

 

 

 

 

CSL Ltd.

 

 

 

100,850

 

2,662

 

Commercial Banks

 

 

 

 

 

 

 

Australia & New Zealand Banking Group Ltd.

 

 

 

270,809

 

4,312

 

National Australia Bank Ltd.

 

 

 

154,950

 

3,393

 

 

 

 

 

 

 

7,705

 

Commercial Services & Supplies

 

 

 

 

 

 

 

Brambles Industries Ltd.

 

 

 

426,300

 

2,617

 

Construction & Engineering

 

 

 

 

 

 

 

Downer EDI Ltd.

 

 

 

634,000

 

2,551

 

Leighton Holdings Limited

 

 

 

130,750

 

1,030

 

 

 

 

 

 

 

3,581

 

Insurance

 

 

 

 

 

 

 

AMP Ltd.

 

 

 

780,300

 

4,266

 

Insurance Australia Group Ltd.

 

 

 

209,500

 

1,026

 

QBE Insurance Group Ltd.

 

 

 

321,100

 

3,692

 

 

 

 

 

 

 

8,984

 

Metals & Mining

 

 

 

 

 

 

 

BHP Billiton Ltd.

 

 

 

557,577

 

7,695

 

Newcrest Mining Ltd.

 

 

 

86,150

 

1,158

 

Rio Tinto Ltd.

 

 

 

181,800

 

6,337

 

 

 

 

 

 

 

15,190

 

Paper & Forest Products

 

 

 

 

 

 

 

Gunns Ltd.

 

 

 

357,800

 

1,161

 

Real Estate

 

 

 

 

 

 

 

Westfield Group

 

 

 

195,800

 

2,448

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Billabong International Ltd.

 

 

 

335,550

 

3,446

 

 

 

 

 

 

 

48,795

 

China (2.4%)

 

 

 

 

 

 

 

Biotechnology

 

 

 

 

 

 

 

Global Bio-Chem Technology Group Co., Ltd.

 

 

 

1,264,000

 

794

 

Communications Equipment

 

 

 

 

 

 

 

Air China Ltd., ‘H’

 

(a)

 

681,000

 

247

 

Electric Utilities

 

 

 

 

 

 

 

Huadian Power International Co.

 

 

 

2,274,000

 

619

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Kingboard Chemical Holdings Ltd.

 

 

 

638,000

 

1,906

 

Health Care Equipment & Supplies

 

 

 

 

 

 

 

Moulin International Holdings Ltd.

 

 

 

1,616,000

 

1,160

 

 


 

Household Durables

 

 

 

 

 

 

 

Grande Holdings Ltd.

 

 

 

1,179,000

 

1,134

 

Insurance

 

 

 

 

 

 

 

China Life Insurance Co., Ltd., ‘H’

 

(a)

 

1,250,000

 

833

 

Ping An Insurance Group Co. of China Ltd., ‘H’

 

(a)

 

569,000

 

901

 

 

 

 

 

 

 

1,734

 

Metals & Mining

 

 

 

 

 

 

 

Asia Aluminum Holdings Ltd.

 

 

 

7,298,000

 

824

 

Yanzhou Coal Mining Co., Ltd., ‘H’

 

 

 

914,000

 

1,242

 

 

 

 

 

 

 

2,066

 

Multiline Retail

 

 

 

 

 

 

 

Lianhua Supermarket Holdings Co., Ltd., ‘H’

 

 

 

686,000

 

748

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Fountain Set Holdings Ltd.

 

 

 

1,258,000

 

794

 

Victory City International Holdings Ltd.

 

 

 

3,178,000

 

1,121

 

 

 

 

 

 

 

1,915

 

 

 

 

 

 

 

12,323

 

Hong Kong (7.7%)

 

 

 

 

 

 

 

Communications Equipment

 

 

 

 

 

 

 

Foxconn International Holdings Ltd.

 

(a)

 

1,049,000

 

565

 

Distributors

 

 

 

 

 

 

 

Li & Fung Ltd.

 

 

 

742,000

 

1,351

 

Hotels Restaurants & Leisure

 

 

 

 

 

 

 

China Travel International Investment Hong Kong Ltd.

 

 

 

2,650,000

 

815

 

Household Durables

 

 

 

 

 

 

 

Techtronic Industries Co.

 

 

 

1,343,000

 

2,970

 

Industrial Conglomerates

 

 

 

 

 

 

 

Hutchison Whampoa Ltd.

 

 

 

175,000

 

1,487

 

Real Estate

 

 

 

 

 

 

 

Cheung Kong Holdings Ltd.

 

 

 

164,000

 

1,456

 

Great Eagle Holdings Ltd.

 

 

 

1,091,000

 

2,161

 

Henderson Land Development Co., Ltd.

 

 

 

656,000

 

2,919

 

HongKong Land Holdings Ltd.

 

 

 

588,000

 

1,582

 

Hysan Development Co., Ltd.

 

 

 

1,287,000

 

2,549

 

New World Development Ltd.

 

 

 

5,284,800

 

5,184

 

Swire Pacific Ltd., ‘A’

 

 

 

241,000

 

1,908

 

 

 

 

 

 

 

17,759

 

Specialty Retail

 

 

 

 

 

 

 

Esprit Holdings Ltd.

 

 

 

1,886,500

 

12,880

 

Wireless Telecommunication Services

 

 

 

 

 

 

 

China Mobile (Hong Kong) Ltd.

 

 

 

590,000

 

1,929

 

 

 

 

 

 

 

39,756

 

India (2.8%)

 

 

 

 

 

 

 

Auto Components

 

 

 

 

 

 

 

Amtek Auto Ltd.

 

 

 

470,000

 

1,747

 

Automobiles

 

 

 

 

 

 

 

Hero Honda Motors Ltd.

 

 

 

101,075

 

1,269

 

Commercial Banks

 

 

 

 

 

 

 

State Bank of India Ltd.

 

(b)

 

145,235

 

2,378

 

Union Bank of India Ltd.

 

 

 

1,012,000

 

2,619

 

 

 

 

 

 

 

4,997

 

Electrical Equipment

 

 

 

 

 

 

 

Bharat Heavy Electricals Ltd.

 

 

 

171,937

 

3,021

 

Metals & Mining

 

 

 

 

 

 

 

Tata Iron & Steel Co., Ltd.

 

 

 

165

 

1

 

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Alok Industries Ltd.

 

 

 

697,000

 

977

 

Raymond Ltd.

 

 

 

317,700

 

2,351

 

 

 

 

 

 

 

3,328

 

 

 

 

 

 

 

14,363

 

Indonesia (1.8%)

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

 

 

Bank Central Asia Tbk PT

 

 

 

3,960,000

 

1,422

 

Bank Internasional Indonesia Tbk PT

 

(a)

 

81,850,000

 

1,728

 

Bank Mandiri Persero Tbk PT

 

 

 

662,500

 

120

 

Bank Rakyat Indonesia PT

 

 

 

5,835,500

 

1,756

 

 

 

 

 

 

 

5,026

 

Construction Materials

 

 

 

 

 

 

 

Indocement Tunggal Prakarsa Tbk PT

 

(a)

 

3,502,500

 

1,035

 

Metals & Mining

 

 

 

 

 

 

 

Bumi Resources Tbk PT

 

(a)

 

14,347,000

 

1,182

 

Multiline Retail

 

 

 

 

 

 

 

Ramayana Lestari Sentosa Tbk PT

 

 

 

8,035,000

 

662

 

Real Estate

 

 

 

 

 

 

 

Kawasan Industries Jababeka Tbk PT

 

(a)

 

63,752,000

 

976

 

Tobacco

 

 

 

 

 

 

 

Gudang Garam Tbk PT

 

 

 

319,500

 

543

 

 

 

 

 

 

 

9,424

 

Japan (48.0%)

 

 

 

 

 

 

 

Automobiles

 

 

 

 

 

 

 

Nissan Motor Co., Ltd.

 

 

 

743,900

 

7,625

 

Suzuki Motor Corp.

 

 

 

279,400

 

4,997

 

Toyota Motor Corp.

 

 

 

204,900

 

7,625

 

Yamaha Motor Co., Ltd.

 

 

 

209,900

 

3,592

 

 

 

 

 

 

 

23,839

 

Building Products

 

 

 

 

 

 

 

Daikin Industries Ltd.

 

 

 

204,000

 

5,137

 

Sanwa Shutter Corp.

 

 

 

369,000

 

2,027

 

 

 

 

 

 

 

7,164

 

Chemicals

 

 

 

 

 

 

 

Daicel Chemical Industries Ltd.

 

 

 

731,000

 

4,022

 

Denki Kagaku Kogyo KK

 

 

 

1,083,000

 

3,919

 

Kaneka Corp.

 

 

 

545,000

 

6,018

 

Lintec Corp.

 

 

 

170,300

 

2,476

 

Mitsubishi Chemical Corp.

 

 

 

1,142,000

 

3,643

 

Nifco, Inc.

 

 

 

182,300

 

2,894

 

Shin-Etsu Polymer Co., Ltd.

 

 

 

348,000

 

2,583

 

Teijin Ltd.

 

 

 

616,000

 

2,631

 

Toyo Ink Manufacturing Co., Ltd.

 

 

 

315,000

 

1,240

 

 

 

 

 

 

 

29,426

 

Commercial Services & Supplies

 

 

 

 

 

 

 

Dai Nippon Printing Co., Ltd.

 

 

 

220,000

 

3,588

 

Nissha Printing Co., Ltd.

 

 

 

67,000

 

1,072

 

 

 

 

 

 

 

4,660

 

Computers & Peripherals

 

 

 

 

 

 

 

Fujitsu Ltd.

 

 

 

998,000

 

5,994

 

Mitsumi Electric Co., Ltd.

 

 

 

232,700

 

2,598

 

NEC Corp.

 

 

 

920,000

 

5,560

 

Toshiba Corp.

 

 

 

1,473,000

 

6,154

 

 

 

 

 

 

 

20,306

 

 

Construction & Engineering

 

 

 

 

 

 

 

Kyudenko Corp.

 

 

 

220,000

 

1,399

 

Maeda Road Construction Co., Ltd.

 

 

 

60,000

 

496

 

Obayashi Corp.

 

 

 

608,000

 

3,748

 

Sanki Engineering Co., Ltd.

 

 

 

78,000

 

609

 

 

 

 

 

 

 

6,252

 

Consumer Finance

 

 

 

 

 

 

 

Hitachi Capital Corp.

 

 

 

214,600

 

4,123

 

Diversified Telecommunication Services

 

 

 

 

 

 

 

Nippon Telegraph & Telephone Corp.

 

 

 

877

 

3,836

 

Electric Utilities

 

 

 

 

 

 

 

Tokyo Electric Power Co., Inc.

 

 

 

162,800

 

3,948

 

Electrical Equipment

 

 

 

 

 

 

 

Furukawa Electric Co., Ltd.

 

(a)

 

500,000

 

2,290

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Hitachi Ltd.

 

 

 

880,000

 

5,466

 

Kyocera Corp.

 

 

 

63,100

 

4,502

 

Ryosan Co., Ltd.

 

 

 

107,900

 

2,828

 

TDK Corp.

 

 

 

68,400

 

4,682

 

 

 

 

 

 

 

17,478

 

Food & Staples Retailing

 

 

 

 

 

 

 

FamilyMart Co., Ltd.

 

 

 

147,200

 

4,338

 

Food Products

 

 

 

 

 

 

 

House Foods Corp.

 

 

 

124,300

 

1,794

 

Nippon Meat Packers, Inc.

 

 

 

210,000

 

2,662

 

 

 

 

 

 

 

4,456

 

Household Durables

 

 

 

 

 

 

 

Casio Computer Co., Ltd.

 

 

 

341,000

 

4,500

 

Matsushita Electric Industrial Co., Ltd.

 

 

 

520,000

 

7,662

 

Rinnai Corp.

 

 

 

82,600

 

2,095

 

Sangetsu Co., Ltd.

 

 

 

12,000

 

296

 

Sekisui Chemical Co., Ltd.

 

 

 

500,000

 

3,633

 

Sekisui House Ltd.

 

 

 

369,000

 

3,940

 

Sony Corp.

 

 

 

126,700

 

5,046

 

 

 

 

 

 

 

27,172

 

Leisure Equipment & Products

 

 

 

 

 

 

 

Fuji Photo Film Co., Ltd.

 

 

 

157,000

 

5,739

 

Yamaha Corp.

 

 

 

294,900

 

4,255

 

 

 

 

 

 

 

9,994

 

Machinery

 

 

 

 

 

 

 

Amada Co., Ltd.

 

 

 

500,000

 

3,078

 

Daifuku Co., Ltd.

 

 

 

380,000

 

2,810

 

Fuji Machine Manufacturing Co., Ltd.

 

 

 

162,100

 

1,616

 

Fujitec Co., Ltd.

 

 

 

186,000

 

970

 

Kurita Water Industries Ltd.

 

 

 

262,700

 

4,131

 

Minebea Co., Ltd.

 

 

 

529,000

 

2,269

 

Mitsubishi Heavy Industries Ltd.

 

 

 

1,580,000

 

4,199

 

Tsubakimoto Chain Co.

 

 

 

609,000

 

2,789

 

 

 

 

 

 

 

21,862

 

Media

 

 

 

 

 

 

 

Toho Co., Ltd.

 

 

 

78,700

 

1,286

 

Office Electronics

 

 

 

 

 

 

 

Canon, Inc.

 

 

 

143,000

 

7,669

 

Ricoh Co., Ltd.

 

 

 

345,000

 

5,920

 

 

 

 

 

 

 

13,589

 

 

Pharmaceuticals

`

 

 

 

 

 

 

Ono Pharmaceutical Co., Ltd.

 

 

 

100,000

 

5,213

 

Sankyo Co., Ltd.

 

 

 

217,200

 

4,578

 

Yamanouchi Pharmaceutical Co., Ltd.

 

 

 

162,100

 

5,488

 

 

 

 

 

 

 

15,279

 

Real Estate

 

 

 

 

 

 

 

Mitsubishi Estate Co., Ltd.

 

 

 

257,000

 

2,986

 

Road & Rail

 

 

 

 

 

 

 

East Japan Railway Co.

 

 

 

807

 

4,335

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Rohm Co., Ltd.

 

 

 

24,200

 

2,336

 

Software

 

 

 

 

 

 

 

Nintendo Co., Ltd.

 

 

 

56,000

 

6,111

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Nisshinbo Industries, Inc.

 

 

 

278,000

 

2,263

 

Trading Companies & Distributors

 

 

 

 

 

 

 

Hitachi High-Technologies Corp.

 

 

 

73,600

 

1,163

 

Mitsubishi Corp.

 

 

 

467,000

 

6,050

 

Nagase & Co., Ltd.

 

 

 

207,000

 

2,075

 

 

 

 

 

 

 

9,288

 

Transportation Infrastructure

 

 

 

 

 

 

 

Mitsubishi Logistics Corp.

 

 

 

80,000

 

905

 

 

 

 

 

 

 

249,522

 

Malaysia (0.4%)

 

 

 

 

 

 

 

Construction & Engineering

 

 

 

 

 

 

 

Road Builder (Malaysia) Holdings Bhd

 

 

 

233,500

 

166

 

Electric Utilities

 

 

 

 

 

 

 

Tenaga Nasional Bhd

 

 

 

398,000

 

1,068

 

Industrial Conglomerates

 

 

 

 

 

 

 

Bandar Raya Developments Bhd

 

 

 

546,200

 

285

 

Real Estate

 

 

 

 

 

 

 

MK Land Holdings Bhd

 

 

 

1,288,000

 

525

 

 

 

 

 

 

 

2,044

 

New Zealand (0.3%)

 

 

 

 

 

 

 

Paper & Forest Products

 

 

 

 

 

 

 

Carter Holt Harvey Ltd.

 

 

 

1,144,725

 

1,605

 

Singapore (2.8%)

 

 

 

 

 

 

 

Airlines

 

 

 

 

 

 

 

Singapore Airlines Ltd.

 

 

 

367,000

 

2,645

 

Commercial Banks

 

 

 

 

 

 

 

Oversea-Chinese Banking Corp.

 

 

 

491,000

 

4,104

 

Electrical Equipment

 

 

 

 

 

 

 

Unisteel Technology Ltd.

 

 

 

1,401,000

 

1,477

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Venture Corp., Ltd.

 

 

 

171,000

 

1,378

 

Machinery

 

 

 

 

 

 

 

Hyflux Ltd.

 

 

 

910,000

 

1,598

 

Real Estate

 

 

 

 

 

 

 

CapitaLand Ltd.

 

 

 

1,464,000

 

2,084

 

City Developments Ltd.

 

 

 

380,000

 

1,484

 

 

 

 

 

 

 

3,568

 

 

 

 

 

 

 

14,770

 

South Korea (8.1%)

 

 

 

 

 

 

 

Airlines

 

 

 

 

 

 

 

Korean Air Lines Co., Ltd.

 

 

 

64,520

 

1,256

 

 

Auto Components

 

 

 

 

 

 

 

Hankook Tire Co., Ltd.

 

 

 

263,090

 

2,935

 

Hyundai Mobis

 

 

 

61,000

 

3,969

 

Kumho Tire Co., Ltd. GDR

 

(a)(c)

 

59,890

 

436

 

 

 

 

 

 

 

7,340

 

Automobiles

 

 

 

 

 

 

 

Hyundai Motor Co.

 

 

 

35,200

 

1,903

 

Hyundai Motor Co. (Preference)

 

 

 

20,270

 

709

 

 

 

 

 

 

 

2,612

 

Capital Markets

 

 

 

 

 

 

 

Daishin Securities Co., Ltd.

 

(a)

 

26,540

 

382

 

LG Investment & Securities Co., Ltd.

 

(a)

 

35,880

 

337

 

 

 

 

 

 

 

719

 

Commercial Banks

 

 

 

 

 

 

 

Pusan Bank

 

 

 

213,680

 

1,688

 

Construction & Engineering

 

 

 

 

 

 

 

Doosan Heavy Industries and Construction Co., Ltd.

 

 

 

197,460

 

2,746

 

LG Engineering & Construction Corp.

 

 

 

37,630

 

1,035

 

 

 

 

 

 

 

3,781

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Samsung SDI Co., Ltd.

 

 

 

30,730

 

3,156

 

Food Products

 

 

 

 

 

 

 

Orion Corp.

 

 

 

18,020

 

2,143

 

Insurance

 

 

 

 

 

 

 

Samsung Fire & Marine Insurance Co., Ltd.

 

(a)

 

10,180

 

769

 

Machinery

 

 

 

 

 

 

 

Hyundai Heavy Industries Co., Ltd.

 

 

 

16,080

 

804

 

STX Shipbuilding Co., Ltd.

 

 

 

44,710

 

1,026

 

 

 

 

 

 

 

1,830

 

Oil & Gas

 

 

 

 

 

 

 

SK Corporation

 

 

 

14,400

 

849

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Samsung Electronics Co., Ltd.

 

 

 

18,267

 

9,012

 

Samsung Electronics Co., Ltd. (Preference)

 

 

 

12,840

 

4,209

 

 

 

 

 

 

 

13,221

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Cheil Industries, Inc.

 

 

 

105,550

 

1,712

 

Tobacco

 

 

 

 

 

 

 

KT&G Corp.

 

 

 

37,520

 

1,217

 

 

 

 

 

 

 

42,293

 

Taiwan (8.4%)

 

 

 

 

 

 

 

Auto Components

 

 

 

 

 

 

 

Cheng Shin Rubber Industry Co., Ltd.

 

 

 

588,552

 

709

 

Commercial Banks

 

 

 

 

 

 

 

Chinatrust Financial Holding Co., Ltd.

 

 

 

3,267,850

 

3,687

 

Mega Financial Holding Co., Ltd.

 

 

 

1,987,000

 

1,280

 

Taishin Financial Holdings Co., Ltd.

 

 

 

2,266,434

 

2,029

 

 

 

 

 

 

 

6,996

 

Computers & Peripherals

 

 

 

 

 

 

 

Acer, Inc.

 

 

 

811,310

 

1,275

 

Infortrend Technology, Inc.

 

 

 

870,210

 

1,914

 

 

 

 

 

 

 

3,189

 

Construction & Engineering

 

 

 

 

 

 

 

CTCI Corp.

 

 

 

1,830,384

 

1,110

 

Construction Materials

 

 

 

 

 

 

 

Taiwan Cement Corp.

 

 

 

1,476,410

 

857

 

 

Diversified Financial Services

 

 

 

 

 

 

 

Fubon Financial Holding Co., Ltd. GDR

 

 

 

49,118

 

468

 

Polaris Securities Co., Ltd.

 

 

 

1,460,890

 

716

 

 

 

 

 

 

 

1,184

 

Electrical Equipment

 

 

 

 

 

 

 

Catcher Technology Co., Ltd.

 

 

 

577,200

 

2,345

 

Chaun-Choung Technology Corp.

 

 

 

353,745

 

712

 

Phoenixtec Power Co., Ltd.

 

 

 

981,885

 

1,085

 

Richtek Technology Corp.

 

 

 

162,500

 

441

 

 

 

 

 

 

 

4,583

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Delta Electronics, Inc.

 

(a)

 

706,000

 

1,145

 

Delta Electronics, Inc. GDR

 

 

 

116,900

 

935

 

Hon Hai Precision Industry Co., Ltd.

 

 

 

826,205

 

3,672

 

Hon Hai Precision Industry Co., Ltd. GDR

 

 

 

30,700

 

271

 

Ya Hsin Industrial Co., Ltd.

 

 

 

1,744,891

 

1,747

 

 

 

 

 

 

 

7,770

 

Insurance

 

 

 

 

 

 

 

Cathay Financial Holding Co., Ltd.

 

 

 

780,000

 

1,480

 

Shin Kong Financial Holding Co., Ltd.

 

 

 

2,719,602

 

2,771

 

 

 

 

 

 

 

4,251

 

Leisure Equipment & Products

 

 

 

 

 

 

 

Asia Optical Co., Inc.

 

 

 

549,046

 

3,520

 

Largan Precision Co., Ltd.

 

 

 

275,473

 

1,530

 

 

 

 

 

 

 

5,050

 

Semiconductor Equipment & Products

 

 

 

 

 

 

 

Taiwan Semiconductor Manufacturing Co., Ltd.

 

 

 

340,000

 

556

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Faraday Technology Corp.

 

 

 

424,338

 

822

 

MediaTek, Inc.

 

 

 

390,061

 

2,773

 

Sunplus Technology Co., Ltd.

 

 

 

500,300

 

751

 

 

 

 

 

 

 

4,346

 

Software

 

 

 

 

 

 

 

Cyberlink Corp.

 

 

 

370,053

 

987

 

Springsoft, Inc.

 

 

 

585,918

 

1,277

 

 

 

 

 

 

 

2,264

 

Specialty Retail

 

 

 

 

 

 

 

Tsann Kuen Enterprise Co., Ltd.

 

 

 

631,330

 

854

 

 

 

 

 

 

 

43,719

 

Thailand (3.5%)

 

 

 

 

 

 

 

Airlines

 

 

 

 

 

 

 

Thai Airways International PCL (Foreign)

 

(b)

 

875,700

 

1,052

 

Commercial Banks

 

 

 

 

 

 

 

Bangkok Bank PCL (Foreign)

 

 

 

941,100

 

2,694

 

Kasikornbank PCL (Foreign)

 

 

 

1,801,000

 

2,693

 

Siam City Bank PCL (Foreign)

 

 

 

460,400

 

294

 

Siam Commercial Bank PCL (Foreign)

 

 

 

775,100

 

1,001

 

 

 

 

 

 

 

6,682

 

 

Construction & Engineering

 

 

 

 

 

 

 

Ch. Karnchang PCL (Foreign)

 

(b)

 

2,102,800

 

704

 

Italian-Thai Development PCL (Foreign)

 

 

 

3,504,000

 

923

 

Sino Thai Engineering & Construction PCL (Foreign)

 

(b)

 

2,795,700

 

807

 

 

 

 

 

 

 

2,434

 

Diversified Telecommunication Services

 

 

 

 

 

 

 

True Corp PCL (Foreign)

 

(a)

 

5,175,700

 

1,197

 

Household Durables

 

 

 

 

 

 

 

Asian Property Development PCL (Foreign)

 

(b)

 

9,160,300

 

955

 

Land & Houses PCL (Foreign)

 

 

 

2,988,000

 

665

 

 

 

 

 

 

 

1,620

 

Metals & Mining

 

 

 

 

 

 

 

Banpu PCL (Foreign)

 

(b)

 

182,900

 

758

 

Oil & Gas

 

 

 

 

 

 

 

PTT PCL (Foreign)

 

(b)

 

275,000

 

1,357

 

Thai Oil Company Limited (Foreign)

 

(b)

 

198,700

 

320

 

 

 

 

 

 

 

1,677

 

Wireless Telecommunication Services

 

 

 

 

 

 

 

Advanced Info Service PCL (Foreign)

 

(b)

 

538,400

 

1,376

 

Total Access Communication PCL

 

(a)

 

501,000

 

1,443

 

 

 

 

 

 

 

2,819

 

 

 

 

 

 

 

18,239

 

TOTAL COMMON STOCKS

 

 

 

 

 

 

 

(Cost $409,059)

 

 

 

 

 

496,853

 

 

 

 

 

 

 

 

 

 

 

 

 

No. of

 

 

 

 

 

 

 

Warrants

 

 

 

WARRANTS (0.0%)

 

 

 

 

 

 

 

Thailand (0.0%)

 

 

 

 

 

 

 

Construction & Engineering

 

 

 

 

 

 

 

Sino Thai Engineering & Construction PCL, expiring 5/31/07

 

 

 

 

 

 

 

(Cost $36)

 

(a)(b)

 

465,950

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

INVESTMENT COMPANIES (0.9%)

 

 

 

 

 

 

 

India (0.9%)

 

 

 

 

 

 

 

Morgan Stanley Growth Fund

 

 

 

 

 

 

 

(Cost $1,744)

 

(d)

 

9,491,200

 

4,768

 

 

 

 

 

 

 

 

 

 

 

 

 

Face
Amount

 

 

 

 

 

 

 

(000)

 

 

 

SHORT-TERM INVESTMENT (3.2%)

 

 

 

 

 

 

 

United States (3.2%)

 

 

 

 

 

 

 

Repurchase Agreement

 

 

 

 

 

 

 

J.P. Morgan Securities, Inc., 2.78%,

 

 

 

 

 

 

 

dated 3/31/05, due 4/1/05,

 

 

 

 

 

 

 

repurchase price $16,536 (Cost $16,536)

 

(e)

 

$

16,536

 

16,536

 

TOTAL INVESTMENTS+ (99.7%) (Cost $427,375)

 

 

 

 

 

518,173

 

OTHER ASSETS IN EXCESS OF LIABILITIES (0.3%)

 

 

 

 

 

1,523

 

NET ASSETS (100%)

 

 

 

 

 

$

519,696

 

(a)                                  Non-income producing security

(b)                                 Security was valued at fair value — At March 31, 2005, the Fund held $9,723,000 of fair valued securities, representing 1.9% of net assets.

(c)                                  144A Security - Certain conditions for public sale mas exist. Unless otherwise noted, these securities are deemed to be liquid.

(d)                                 Investment in Security of Affiliated Issuer — The Morgan Stanley Growth Fund, acquired at a cost of 1,744,059, is advised by an affiliated of the Adviser. During the period ended March 31, 2005, there were no purchases or sales of this security.

The Fund did not derived any income from this security during the period ended March 31, 2005.

 


 

(e)                                  Represents the Fund’s undivided interest in a joint repurchase agreement which has a total value of $955,894,000. The repurchase agreement was fully collateralized by U.S. government agency securities at the date of this Portfolio of Investments as follows: Federal Home Loan Mortgage Corporation, Gold Pools: 4.00% to 7.50%, due 1/1/07 to 1/1/35; Federal National Mortgage Association, Conventional Pools: 4.00% to 8.50%, due 1/1/09 to 3/1/35; and Federal National Mortgage Association, Adjustable Rate Mortgages: 4.091% to 5.327%, due 3/1/34 to 5/1/38, which had a total value of $975,016,856. The investment in the repurchase agreement is through participation in a joint account with affiliated parties pursuant to exemptive relief received by the Fund from the SEC.

+                                         At March 31, 2005, the U.S. Federal income tax cost basis of investments was approximately $427,375,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $90,798,000 of which $124,262,000 related to appreciated securities and $33,464,000 related to depreciated securities.

GDR                Global Depository Receipt

 

Foreign Currency Exchange Contracts Information:

 

The Fund had the following foreign currency exchange contract(s) open at period end:

 

 

 

 

 

 

 

 

 

 

 

Net

 

Currency to Deliver
(000)

 

Value
(000)

 

Settlement
Date

 

In Exchange For
(000)

 

Valu
(000)

 

Unrealized
Appreciation
(Depreciation)
(000)

 

AUD

1,152

 

$

890

 

4/1/2005

 

USD

889

 

$

889

 

$

(1

)

USD

1,250

 

1,250

 

4/4/2005

 

AUD

1,620

 

1,251

 

1

 

 

 

 

$

2,140

 

 

 

 

 

 

$

2,140

 

$

—

@

 

AUD                    - Australian Dollar

USD                       - U.S. Dollar

@                                    - Amount is less than $500.


 

Item 2.  Controls and Procedures.

 

(a) The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.

 

(b)  There were no changes in the Fund’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.

 

Item 3.  Exhibits.

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)

Morgan Stanley Asia-Pacific Fund, Inc.

 

By:

/s/ Ronald E. Robison

 

Name:

Ronald E. Robison

 

Title:

Principal Executive Officer

 

Date:

May 19, 2005

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:

/s/ Ronald E. Robison

 

Name:

Ronald E. Robison

 

Title:

Principal Executive Officer

 

Date:

May 19, 2005

 

 

 

 

By:

/s/ James Garrett

 

Name:

James Garrett

 

Title:

Principal Financial Officer

 

Date:

May 19, 2005

 

 

 EX-99.CERT 2 a05-9806_1ex99dcert.htm EX-99.CERT

Exhibit 99.CERT

 

FORM N-Q

 

I, Ronald E. Robison, certify that:

 

1.                                       I have reviewed this report on Form N-Q of Morgan Stanley Asia-Pacific Fund, Inc.;

 

2.                                       Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.                                       Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.                                       The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a)                                  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)                                 Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)                                  Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d)                                 Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.                                       The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)                                  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b)                                 Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date: May 19, 2005

/s/ Ronald E. Robison

 

 

Ronald E. Robison

 

Principal Executive Officer

 


 

FORM N-Q

 

I, James Garrett, certify that:

 

1.                                       I have reviewed this report on Form N-Q of Morgan Stanley Asia-Pacific Fund, Inc.;

 

2.                                       Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.                                       Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4.                                       The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a)                                  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)                                 Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)                                  Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

(d)                                 Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.                                       The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)                                  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b)                                 Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date: May 19, 2005

 

 

/s/ James Garrett

 

 

James Garrett

 

Principal Financial Officer

 

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