N-Q 1 a05-20901_1nq.htm QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

[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:

9/30/05

 

 


 

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.

Third Quarter Report
September 30, 2005 (unaudited)

 

Portfolio of Investments

 

 

 

 

 

 

 

Value

 

 

 

 

 

Shares

 

(000)

 

COMMON STOCKS (97.2%)

 

 

 

 

 

 

 

(Unless Otherwise Noted)

 

 

 

 

 

 

 

Australia (9.3%)

 

 

 

 

 

 

 

Beverages

 

 

 

 

 

 

 

Foster’s Group Ltd.

 

 

 

477,250

 

$

2,122

 

Lion Nathan Ltd.

 

 

 

178,700

 

1,144

 

McGuigan Simeon Wines Ltd.

 

 

 

108,900

 

341

 

 

 

 

 

 

 

3,607

 

Biotechnology

 

 

 

 

 

 

 

CSL Ltd.

 

 

 

93,200

 

2,730

 

Commercial Banks

 

 

 

 

 

 

 

Australia & New Zealand Banking Group Ltd.

 

 

 

266,009

 

4,869

 

National Australia Bank Ltd.

 

 

 

144,100

 

3,632

 

Westpac Banking Corp.

 

 

 

31,500

 

507

 

 

 

 

 

 

 

9,008

 

Commercial Services & Supplies

 

 

 

 

 

 

 

Brambles Industries Ltd.

 

 

 

394,700

 

2,667

 

Downer EDI Ltd.

 

 

 

212,950

 

981

 

 

 

 

 

 

 

3,648

 

Construction & Engineering

 

 

 

 

 

 

 

Leighton Holdings Ltd.

 

 

 

123,550

 

1,343

 

Food & Staples Retailing

 

 

 

 

 

 

 

Metcash Ltd.

 

 

 

412,400

 

1,321

 

Hotels, Restaurants & Leisure

 

 

 

 

 

 

 

Tattersall’s Ltd.

 

(a)

 

318,800

 

793

 

UNiTAB Ltd.

 

 

 

108,650

 

1,085

 

 

 

 

 

 

 

1,878

 

Insurance

 

 

 

 

 

 

 

AMP Ltd.

 

 

 

589,750

 

3,347

 

Insurance Australia Group Ltd.

 

 

 

209,500

 

872

 

QBE Insurance Group Ltd.

 

 

 

107,900

 

1,537

 

 

 

 

 

 

 

5,756

 

Metals & Mining

 

 

 

 

 

 

 

BHP Billiton Ltd.

 

 

 

458,377

 

7,779

 

Newcrest Mining Ltd.

 

 

 

36,750

 

588

 

Rio Tinto Ltd.

 

 

 

99,350

 

4,481

 

Zinifex Ltd.

 

(a)

 

416,800

 

1,450

 

 

 

 

 

 

 

14,298

 

Paper & Forest Products

 

 

 

 

 

 

 

Great Southern Plantations Ltd.

 

 

 

235,400

 

508

 

Gunns Ltd.

 

 

 

656,900

 

1,653

 

 

 

 

 

 

 

2,161

 

Real Estate

 

 

 

 

 

 

 

Mirvac Group

 

 

 

286,400

 

883

 

Westfield Group

 

 

 

180,850

 

2,317

 

 

 

 

 

 

 

3,200

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Billabong International Ltd.

 

 

 

311,500

 

3,100

 

Transportation Infrastructure

 

 

 

 

 

 

 

Macquarie Airports

 

 

 

411,600

 

1,030

 

Macquarie Infrastructure Group

 

 

 

180,600

 

552

 

 

 

 

 

 

 

1,582

 

 

 

 

 

 

 

53,632

 

China (2.1%)

 

 

 

 

 

 

 

Airlines

 

 

 

 

 

 

 

Air China Ltd., ‘H’

 

(a)

 

2,155,000

 

667

 

Communications Equipment

 

 

 

 

 

 

 

China Techfaith Wireless Communication Technology Ltd. ADR

 

(a)

 

42,900

 

405

 

Foxconn International Holdings Ltd.

 

(a)

 

445,000

 

482

 

 

 

 

 

 

 

887

 

Electric Utilities

 

 

 

 

 

 

 

Huadian Power International Co.

 

 

 

2,274,000

 

630

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Kingboard Chemical Holdings Ltd.

 

 

 

558,000

 

1,392

 

Food & Staples Retailing

 

 

 

 

 

 

 

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

 

 

 

686,000

 

796

 

 

1


 

Health Care Equipment & Supplies

 

 

 

 

 

 

 

Moulin Global Eyecare Holdings Ltd.

 

(b)

 

1,616,000

 

—

@

Household Durables

 

 

 

 

 

 

 

Grande Holdings Ltd.

 

 

 

735,000

 

597

 

Insurance

 

 

 

 

 

 

 

China Life Insurance Co., Ltd., ‘H’

 

(a)

 

764,000

 

591

 

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

 

 

 

350,000

 

611

 

 

 

 

 

 

 

1,202

 

Metals & Mining

 

 

 

 

 

 

 

Asia Aluminum Holdings Ltd.

 

 

 

7,298,000

 

753

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Fountain Set Holdings Ltd.

 

 

 

1,258,000

 

612

 

 

 

 

 

 

 

7,536

 

Hong Kong (6.4%)

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

 

 

BOC Hong Kong Holdings Ltd.

 

 

 

524,000

 

1,051

 

Dah Sing Financial Holdings Ltd.

 

 

 

53,600

 

359

 

 

 

 

 

 

 

1,410

 

Food Products (0.1)

 

 

 

 

 

 

 

Global Bio-Chem Technology Group Co., Ltd.

 

 

 

1,564,000

 

716

 

Hotels, Restaurants & Leisure

 

 

 

 

 

 

 

China Travel International Investment Hong Kong Ltd.

 

 

 

2,650,000

 

717

 

Household Durables

 

 

 

 

 

 

 

Techtronic Industries Co.

 

 

 

1,159,000

 

2,966

 

Industrial Conglomerates

 

 

 

 

 

 

 

Hutchison Whampoa Ltd.

 

 

 

309,000

 

3,197

 

Real Estate

 

 

 

 

 

 

 

Cheung Kong Holdings Ltd.

 

 

 

287,000

 

3,241

 

Great Eagle Holdings Ltd.

 

 

 

770,000

 

2,055

 

Henderson Land Development Co., Ltd.

 

 

 

566,000

 

2,827

 

Hysan Development Co., Ltd.

 

 

 

685,000

 

1,713

 

New World Development Ltd.

 

 

 

3,611,800

 

4,749

 

Swire Pacific Ltd., ‘A’

 

 

 

211,000

 

1,944

 

 

 

 

 

 

 

16,529

 

Specialty Retail

 

 

 

 

 

 

 

Esprit Holdings Ltd.

 

 

 

1,753,500

 

13,110

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Victory City International Holdings Ltd.

 

 

 

3,178,000

 

860

 

Wireless Telecommunication Services

 

 

 

 

 

 

 

China Mobile Hong Kong Ltd.

 

 

 

370,000

 

1,812

 

 

 

 

 

 

 

41,317

 

India (2.7%)

 

 

 

 

 

 

 

Automobiles

 

 

 

 

 

 

 

Hero Honda Motors Ltd.

 

 

 

92,630

 

1,564

 

Commercial Banks

 

 

 

 

 

 

 

State Bank of India Ltd.

 

(b)

 

138,735

 

3,347

 

Union Bank of India Ltd.

 

 

 

979,000

 

3,000

 

 

 

 

 

 

 

6,347

 

Electrical Equipment

 

 

 

 

 

 

 

Bharat Heavy Electricals Ltd.

 

 

 

165,937

 

4,621

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Raymond Ltd.

 

 

 

307,200

 

2,730

 

 

 

 

 

 

 

15,262

 

Indonesia (1.4%)

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

 

 

Bank Central Asia Tbk PT

 

 

 

4,475,000

 

1,499

 

Bank Internasional Indonesia Tbk PT

 

 

 

92,490,500

 

1,437

 

Bank Rakyat Indonesia PT

 

 

 

6,594,000

 

1,728

 

 

 

 

 

 

 

4,664

 

Multiline Retail

 

 

 

 

 

 

 

Mitra Adiperkasa Tbk PT

 

 

 

5,554,800

 

593

 

Ramayana Lestari Sentosa Tbk PT

 

 

 

9,079,500

 

688

 

 

 

 

 

 

 

1,281

 

Oil & Gas

 

 

 

 

 

 

 

Bumi Resources Tbk PT

 

 

 

16,212,000

 

1,416

 

Real Estate

 

 

 

 

 

 

 

Kawasan Industries Jababeka Tbk PT

 

(a)

 

63,752,000

 

619

 

Tobacco

 

 

 

 

 

 

 

Gudang Garam Tbk PT

 

 

 

319,500

 

338

 

 

 

 

 

 

 

8,318

 

 

2


 

Japan (54.0%)

 

 

 

 

 

 

 

Automobiles

 

 

 

 

 

 

 

Nissan Motor Co., Ltd.

 

 

 

880,000

 

10,048

 

Suzuki Motor Corp.

 

 

 

311,100

 

5,756

 

Toyota Motor Corp.

 

 

 

239,000

 

10,949

 

Yamaha Motor Co., Ltd.

 

 

 

245,000

 

5,062

 

 

 

 

 

 

 

31,815

 

Building Products

 

 

 

 

 

 

 

Daikin Industries Ltd.

 

 

 

227,200

 

6,085

 

Nippon Sheet Glass Co., Ltd.

 

 

 

350,000

 

1,576

 

Sanwa Shutter Corp.

 

 

 

450,000

 

2,704

 

 

 

 

 

 

 

10,365

 

Chemicals

 

 

 

 

 

 

 

Daicel Chemical Industries Ltd.

 

 

 

734,000

 

4,753

 

Denki Kagaku Kogyo KK

 

 

 

1,113,000

 

4,011

 

Kaneka Corp.

 

 

 

534,000

 

6,968

 

Lintec Corp.

 

 

 

189,700

 

2,808

 

Mitsubishi Chemical Corp.

 

 

 

1,380,000

 

4,571

 

Nifco, Inc.

 

 

 

184,000

 

3,117

 

Shin-Etsu Polymer Co., Ltd.

 

 

 

340,000

 

3,280

 

Teijin Ltd.

 

 

 

840,000

 

4,899

 

Toyo Ink Manufacturing Co., Ltd.

 

 

 

365,000

 

1,617

 

 

 

 

 

 

 

36,024

 

Commercial Services & Supplies

 

 

 

 

 

 

 

Dai Nippon Printing Co., Ltd.

 

 

 

310,000

 

4,998

 

Nissha Printing Co., Ltd.

 

 

 

67,000

 

1,364

 

 

 

 

 

 

 

6,362

 

Computers & Peripherals

 

 

 

 

 

 

 

Fujitsu Ltd.

 

 

 

1,200,000

 

7,908

 

Mitsumi Electric Co., Ltd.

 

 

 

259,200

 

2,631

 

NEC Corp.

 

 

 

1,250,000

 

6,773

 

Toshiba Corp.

 

 

 

1,700,000

 

7,488

 

 

 

 

 

 

 

24,800

 

Construction & Engineering

 

 

 

 

 

 

 

Kyudenko Corp.

 

 

 

244,000

 

1,720

 

Maeda Road Construction Co., Ltd.

 

 

 

160,000

 

1,204

 

Obayashi Corp.

 

 

 

707,000

 

4,883

 

Sanki Engineering Co., Ltd.

 

 

 

93,000

 

873

 

 

 

 

 

 

 

8,680

 

Consumer Finance

 

 

 

 

 

 

 

Hitachi Capital Corp.

 

 

 

227,900

 

4,789

 

Diversified Telecommunication Services

 

 

 

 

 

 

 

Nippon Telegraph & Telephone Corp.

 

 

 

977

 

4,803

 

Electric Utilities

 

 

 

 

 

 

 

Tokyo Electric Power Co., Inc.

 

 

 

147,800

 

3,737

 

Electrical Equipment

 

 

 

 

 

 

 

Furukawa Electric Co., Ltd.

 

(a)

 

970,000

 

4,914

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Hitachi Ltd.

 

 

 

1,090,000

 

6,905

 

Kyocera Corp.

 

 

 

83,000

 

5,777

 

Ryosan Co., Ltd.

 

 

 

120,100

 

3,132

 

TDK Corp.

 

 

 

78,000

 

5,559

 

 

 

 

 

 

 

21,373

 

Food & Staples Retailing

 

 

 

 

 

 

 

FamilyMart Co., Ltd.

 

 

 

164,000

 

4,927

 

Food Products

 

 

 

 

 

 

 

House Foods Corp.

 

 

 

138,400

 

2,108

 

Nippon Meat Packers, Inc.

 

 

 

280,000

 

3,029

 

 

 

 

 

 

 

5,137

 

Household Durables

 

 

 

 

 

 

 

Casio Computer Co., Ltd.

 

 

 

368,600

 

5,355

 

Matsushita Electric Industrial Co., Ltd.

 

 

 

553,000

 

9,369

 

Rinnai Corp.

 

 

 

87,700

 

2,016

 

Sekisui Chemical Co., Ltd.

 

 

 

690,000

 

4,918

 

Sekisui House Ltd.

 

 

 

411,000

 

5,037

 

Sony Corp.

 

 

 

141,100

 

4,637

 

 

 

 

 

 

 

31,332

 

Leisure Equipment & Products

 

 

 

 

 

 

 

Fuji Photo Film Co., Ltd.

 

 

 

200,000

 

6,590

 

Yamaha Corp.

 

 

 

291,800

 

5,052

 

 

 

 

 

 

 

11,642

 

 

3


 

Machinery

 

 

 

 

 

 

 

Amada Co., Ltd.

 

 

 

500,000

 

3,987

 

Daifuku Co., Ltd.

 

 

 

300,000

 

4,070

 

Fuji Machine Manufacturing Co., Ltd.

 

 

 

147,100

 

1,761

 

Fujitec Co., Ltd.

 

 

 

207,000

 

1,158

 

Kurita Water Industries Ltd.

 

 

 

252,700

 

4,586

 

Minebea Co., Ltd.

 

 

 

690,000

 

2,845

 

Mitsubishi Heavy Industries Ltd.

 

 

 

1,900,000

 

6,729

 

Tsubakimoto Chain Co.

 

 

 

600,000

 

3,389

 

 

 

 

 

 

 

28,525

 

Media

 

 

 

 

 

 

 

Toho Co., Ltd.

 

 

 

87,600

 

1,389

 

Office Electronics

 

 

 

 

 

 

 

Canon, Inc.

 

 

 

183,000

 

9,883

 

Ricoh Co., Ltd.

 

 

 

450,000

 

7,029

 

 

 

 

 

 

 

16,912

 

Pharmaceuticals

 

 

 

 

 

 

 

Astellas Pharmaceutical, Inc.

 

 

 

174,900

 

6,580

 

Daiichi Sankyo Co., Ltd.

 

(a)

 

259,000

 

5,305

 

Ono Pharmaceutical Co., Ltd.

 

 

 

111,300

 

5,187

 

 

 

 

 

 

 

17,072

 

Real Estate

 

 

 

 

 

 

 

Mitsubishi Estate Co., Ltd.

 

 

 

286,000

 

3,926

 

Road & Rail

 

 

 

 

 

 

 

East Japan Railway Co.

 

 

 

866

 

4,944

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Rohm Co., Ltd.

 

 

 

41,800

 

3,627

 

Software

 

 

 

 

 

 

 

Nintendo Co., Ltd.

 

 

 

65,000

 

7,582

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Nisshinbo Industries, Inc.

 

 

 

310,000

 

2,687

 

Trading Companies & Distributors

 

 

 

 

 

 

 

Hitachi High-Technologies Corp.

 

 

 

88,000

 

1,566

 

Mitsubishi Corp.

 

 

 

460,000

 

9,078

 

Nagase & Co., Ltd.

 

 

 

212,000

 

2,479

 

 

 

 

 

 

 

13,123

 

Transportation Infrastructure

 

 

 

 

 

 

 

Mitsubishi Logistics Corp.

 

 

 

35,000

 

413

 

 

 

 

 

 

 

310,900

 

Malaysia (0.9%)

 

 

 

 

 

 

 

Construction & Engineering

 

 

 

 

 

 

 

Gamuda Bhd

 

 

 

1,602,000

 

1,904

 

Road Builder (Malaysia) Holdings Bhd

 

 

 

452,500

 

237

 

 

 

 

 

 

 

2,141

 

Electric Utilities

 

 

 

 

 

 

 

Tenaga Nasional Bhd

 

 

 

468,000

 

1,341

 

Food Products

 

 

 

 

 

 

 

IOI Corp. Bhd

 

 

 

339,000

 

1,070

 

Real Estate

 

 

 

 

 

 

 

Bandar Raya Developments Bhd

 

 

 

1,238,200

 

394

 

MK Land Holdings Bhd

 

 

 

1,515,000

 

360

 

 

 

 

 

 

 

754

 

 

 

 

 

 

 

5,306

 

Singapore (2.9%)

 

 

 

 

 

 

 

Airlines

 

 

 

 

 

 

 

Singapore Airlines Ltd.

 

 

 

367,000

 

2,516

 

Commercial Banks

 

 

 

 

 

 

 

Oversea-Chinese Banking Corp.

 

 

 

1,178,400

 

4,353

 

Computers & Peripherals

 

 

 

 

 

 

 

Unisteel Technology Ltd.

 

 

 

1,401,000

 

1,507

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Venture Corp., Ltd.

 

 

 

171,000

 

1,465

 

Hotels, Restaurants & Leisure

 

 

 

 

 

 

 

City Developments Ltd.

 

 

 

380,000

 

2,088

 

Machinery

 

 

 

 

 

 

 

Hyflux Ltd.

 

 

 

955,500

 

1,773

 

Real Estate

 

 

 

 

 

 

 

CapitaLand Ltd.

 

 

 

1,464,000

 

2,717

 

 

 

 

 

 

 

16,419

 

South Korea (6.7%)

 

 

 

 

 

 

 

Auto Components

 

 

 

 

 

 

 

Hankook Tire Co., Ltd.

 

 

 

119,620

 

1,582

 

Hyundai Mobis

 

 

 

43,130

 

3,542

 

Kumho Tire Co., Inc. GDR

 

(a)

 

59,890

 

518

 

 

 

 

 

 

 

5,642

 

 

4


 

Automobiles

 

 

 

 

 

 

 

Hyundai Motor Co.

 

 

 

24,890

 

1,944

 

Hyundai Motor Co. (Preference)

 

 

 

14,630

 

774

 

 

 

 

 

 

 

2,718

 

Commercial Banks

 

 

 

 

 

 

 

Pusan Bank

 

 

 

151,090

 

1,643

 

Shinhan Financial Group Co., Ltd.

 

 

 

21,070

 

733

 

 

 

 

 

 

 

2,376

 

Construction & Engineering

 

 

 

 

 

 

 

Doosan Heavy Industries & Construction Co., Ltd.

 

 

 

139,620

 

2,636

 

GS Engineering & Construction Corp.

 

 

 

26,260

 

1,047

 

 

 

 

 

 

 

3,683

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Samsung SDI Co., Ltd.

 

 

 

16,070

 

1,671

 

Food Products

 

 

 

 

 

 

 

Orion Corp.

 

 

 

12,742

 

2,259

 

Insurance

 

 

 

 

 

 

 

Samsung Fire & Marine Insurance Co., Ltd.

 

 

 

12,360

 

1,279

 

Machinery

 

 

 

 

 

 

 

Doosan Infracore Co., Ltd.

 

 

 

72,700

 

822

 

Hyundai Heavy Industries Co., Ltd.

 

 

 

18,420

 

1,370

 

STX Shipbuilding Co., Ltd.

 

 

 

26,277

 

516

 

 

 

 

 

 

 

2,708

 

Oil & Gas

 

 

 

 

 

 

 

S-Oil Corp.

 

 

 

12,020

 

985

 

SK Corp.

 

 

 

23,790

 

1,379

 

 

 

 

 

 

 

2,364

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Samsung Electronics Co., Ltd.

 

 

 

12,917

 

7,279

 

Samsung Electronics Co., Ltd. (Preference)

 

 

 

9,079

 

3,950

 

 

 

 

 

 

 

11,229

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Cheil Industries, Inc.

 

 

 

74,630

 

1,602

 

Tobacco

 

 

 

 

 

 

 

KT&G Corp.

 

 

 

26,530

 

1,149

 

 

 

 

 

 

 

38,680

 

Taiwan (6.8%)

 

 

 

 

 

 

 

Auto Components

 

 

 

 

 

 

 

Cheng Shin Rubber Industry Co., Ltd.

 

 

 

638,578

 

520

 

Commercial Banks

 

 

 

 

 

 

 

Chinatrust Financial Holding Co., Ltd.

 

 

 

3,187,684

 

2,747

 

Mega Financial Holding Co., Ltd.

 

 

 

1,746,000

 

1,105

 

Taishin Financial Holdings Co., Ltd.

 

 

 

2,304,152

 

1,351

 

 

 

 

 

 

 

5,203

 

Computers & Peripherals

 

 

 

 

 

 

 

Catcher Technology Co., Ltd.

 

 

 

107,189

 

777

 

Compal Electronics, Inc.

 

 

 

1,470,000

 

1,451

 

Infortrend Technology, Inc.

 

 

 

929,998

 

1,628

 

 

 

 

 

 

 

3,856

 

Construction & Engineering

 

 

 

 

 

 

 

CTCI Corp.

 

 

 

1,423,687

 

665

 

Diversified Financial Services

 

 

 

 

 

 

 

Fubon Financial Holding Co., Ltd. GDR

 

 

 

49,118

 

440

 

Polaris Securities Co., Ltd.

 

 

 

1,551,698

 

603

 

 

 

 

 

 

 

1,043

 

Electrical Equipment

 

 

 

 

 

 

 

Phoenixtec Power Co., Ltd.

 

 

 

981,885

 

962

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

AU Optronics Corp. ADR

 

 

 

71,700

 

929

 

AU Optronics Corp.

 

 

 

1,220,440

 

1,581

 

Delta Electronics, Inc.

 

 

 

693,371

 

1,185

 

Delta Electronics, Inc. GDR

 

 

 

122,539

 

1,047

 

Hon Hai Precision Industry Co., Ltd.

 

 

 

547,130

 

2,547

 

Radiant Opto-Electronics Corp.

 

 

 

416,088

 

1,038

 

 

 

 

 

 

 

8,327

 

Household Durables

 

 

 

 

 

 

 

Tsann Kuen Enterprise Co., Ltd.

 

 

 

681,836

 

1,091

 

Insurance

 

 

 

 

 

 

 

Cathay Financial Holding Co., Ltd.

 

 

 

929,000

 

1,733

 

Shin Kong Financial Holding Co., Ltd.

 

 

 

3,421,647

 

2,887

 

 

 

 

 

 

 

4,620

 

 

5


 

Leisure Equipment & Products

 

 

 

 

 

 

 

Asia Optical Co., Inc.

 

 

 

350,033

 

2,236

 

Largan Precision Co., Ltd.

 

 

 

251,946

 

2,255

 

 

 

 

 

 

 

4,491

 

Metals & Mining

 

 

 

 

 

 

 

China Steel Corp.

 

 

 

949,000

 

846

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

MediaTek, Inc.

 

 

 

388,067

 

3,660

 

United Microelectronics Corp.

 

 

 

2,436,000

 

1,564

 

 

 

 

 

 

 

5,224

 

Software

 

 

 

 

 

 

 

Cyberlink Corp.

 

 

 

406,843

 

1,075

 

Springsoft, Inc.

 

 

 

560,867

 

943

 

 

 

 

 

 

 

2,018

 

 

 

 

 

 

 

38,866

 

Thailand (4.0%)

 

 

 

 

 

 

 

Airlines

 

 

 

 

 

 

 

Thai Airways International PCL (Foreign)

 

(b)

 

875,700

 

795

 

Commercial Banks

 

 

 

 

 

 

 

Bangkok Bank PCL (Foreign)

 

 

 

1,330,500

 

3,695

 

Kasikornbank PCL (Foreign)

 

 

 

2,264,700

 

3,697

 

Siam City Bank PCL (Foreign)

 

 

 

934,200

 

609

 

Siam Commercial Bank PCL (Foreign)

 

(b)

 

775,100

 

972

 

 

 

 

 

 

 

8,973

 

Construction & Engineering

 

 

 

 

 

 

 

CH. Karnchang PCL (Foreign)

 

(b)

 

2,803,900

 

888

 

Italian-Thai Development PCL (Foreign)

 

(b)

 

3,504,000

 

837

 

Sino Thai Engineering & Construction PCL (Foreign)

 

(a)(b)

 

2,795,700

 

858

 

 

 

 

 

 

 

2,583

 

Diversified Telecommunication Services

 

 

 

 

 

 

 

True Corp PCL (Foreign)

 

(a)(b)

 

6,399,700

 

1,224

 

Household Durables

 

 

 

 

 

 

 

Asian Property Development PCL (Foreign)

 

(b)

 

9,160,300

 

808

 

Land & Houses PCL (Foreign)

 

 

 

4,534,400

 

1,000

 

 

 

 

 

 

 

1,808

 

Oil & Gas

 

 

 

 

 

 

 

Banpu PCL (Foreign)

 

 

 

182,900

 

717

 

PTT PCL (Foreign)

 

(b)

 

348,700

 

2,073

 

Thai Oil PCL (Foreign)

 

(b)

 

392,300

 

717

 

 

 

 

 

 

 

3,507

 

Wireless Telecommunication Services

 

 

 

 

 

 

 

Advanced Info Service PCL (Foreign)

 

(b)

 

830,600

 

2,186

 

Total Access Communication PCL

 

(a)

 

647,000

 

2,083

 

 

 

 

 

 

 

4,269

 

 

 

 

 

 

 

23,159

 

TOTAL COMMON STOCKS

 

 

 

 

 

 

 

(Cost $450,630)

 

 

 

 

 

559,395

 

INVESTMENT COMPANY (1.0%)

 

 

 

 

 

 

 

India (1.0%)

 

 

 

 

 

 

 

Morgan Stanley Growth Fund

 

 

 

 

 

 

 

(Cost $1,679)

 

(a)(c)

 

9,115,401

 

5,701

 

 

 

 

 

 

 

 

 

 

 

 

 

No. of

 

 

 

 

 

 

 

Warrants

 

 

 

WARRANTS (0.0%)

 

 

 

 

 

 

 

Thailand (0.0%)

 

 

 

 

 

 

 

Construction & Engineering

 

 

 

 

 

 

 

Sino Thai Engineering & Construction PCL, expiring 4/18/08

 

 

 

 

 

 

 

(Cost $36)

 

(a)(b)

 

465,950

 

62

 

 

 

 

 

 

 

 

 

 

 

 

 

Face

 

 

 

 

 

 

 

Amount

 

Value

 

 

 

 

 

(000)

 

(000)

 

SHORT-TERM INVESTMENT (1.4%)

 

 

 

 

 

 

 

United States (1.4%)

 

 

 

 

 

 

 

Repurchase Agreement

 

 

 

 

 

 

 

J.P. Morgan Securities, Inc., 3.70%,

 

 

 

 

 

 

 

dated 9/30/05, due 10/3/05

 

 

 

 

 

 

 

repurchase price $8,136 (Cost $8,133)

 

(d)

 

$

8,133

 

8,133

 

TOTAL INVESTMENTS+ (99.6%) (Cost $460,478)

 

 

 

 

 

573,291

 

OTHER ASSETS IN EXCESS OF LIABILITIES (0.4%)

 

 

 

 

 

2,143

 

NET ASSETS (100%)

 

 

 

 

 

$

575,434

 

 

(a)

Non-income producing security.

(b)

Security was valued at fair value — At September 30, 2005, the Fund held $14,767,000 of fair valued securities, representing 2.6% of net assets.

 

6


 

(c)

Investment in Security of Affiliated Issuer — The Morgan Stanley Growth Fund, acquired at a cost of $1,679,218 is advised by an affiliated of the Adviser. During the period ended September 30, 2005, there were no purchases or sales of this security.

 

The Fund did not derive any income from this security during the period ended September 30, 2005.

(d)

Represents the Fund’s undivided interest in a joint repurchase agreement which has a total value of $633,510,000. 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: 0.00% to 4.20%, due 12/1/05 to 5/27/11; Federal National Mortgage Association: 0.00% to 5.50%, due 10/7/05 to 1/12/15; Federal Farm Credit Bank: 0.00% to 5.50%, due 10/7/05 to 8/17/20; Federal Home Loan Bank: 0.00% to 5.375%, due 3/28/06 to 8/15/19; and Tennessee Valley Authority: 4.375% to 7.125%, due 11/13/08 to 1/15/38, which had a total value of $646,181,745. 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 September 30, 2005, the U.S. Federal income tax cost basis of investments was approximately $460,478,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $112,813,000 of which $144,748,000 related to appreciated securities and $31,935,000 related to depreciated securities.

@—

Amount is less than $500

ADR

American Depositary Receipt

GDR

Global Depositary Receipt

 

7


 

Foreign Currency Exchange Contracts Information:

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

 

 

 

 

 

 

Appreciation

 

Currency to Deliver

 

Value

 

Settlement

 

In Exchange For

 

Value

 

(Depreciation)

 

(000)

 

(000)

 

Date

 

(000)

 

(000)

 

(000)

 

AUD

32

 

$

24

 

10/5/05

 

USD

24

 

$

24

 

$

—

@ 

HKD

1,397

 

180

 

10/3/05

 

USD

180

 

180

 

—

@ 

JPY

2,562

 

23

 

10/3/05

 

USD

23

 

23

 

—

@

USD

29

 

29

 

10/4/05

 

AUD

38

 

29

 

—

@

 

 

 

$

265

 

 

 

 

 

 

$

256

 

$

—

@

 

AUD

- Australian Dollar

HKD

- Hong Kong Dollar

JPY

- Japanese Yen

USD

- U.S. Dollar

 @

- Amount is less than $500.

 

8


 

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:

November 21, 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:

November 21, 2005

 

 

 

 

By:

/s/ James Garrett

 

Name:

James Garrett

 

Title:

Principal Financial Officer

 

Date:

November 21, 2005