N-Q 1 a06-12606_10nq.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 5th FLOOR NEW YORK, NY

10020

(Address of principal executive offices)

(Zip code)

RONALD E. ROBISON
1221 AVENUE OF THE AMERICAS 5th 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:

3/31/06

 

 


 

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, 2006 (unaudited)

 

Portfolio of Investments

 

 

 

 

 

 

 

Value

 

 

 

 

 

Shares

 

(000)

 

COMMON STOCKS (95.1%)

 

 

 

 

 

 

 

(Unless Otherwise Noted)

 

 

 

 

 

 

 

Australia (10.7%)

 

 

 

 

 

 

 

Beverages

 

 

 

 

 

 

 

Foster’s Group Ltd.

 

 

 

1,024,150

 

$

3,893

 

Lion Nathan Ltd.

 

 

 

178,700

 

1,038

 

McGuigan Simeon Wines Ltd.

 

 

 

175,500

 

411

 

 

 

 

 

 

 

5,342

 

Biotechnology

 

 

 

 

 

 

 

CSL Ltd.

 

 

 

60,700

 

2,377

 

Capital Markets

 

 

 

 

 

 

 

Macquarie Bank Ltd.

 

 

 

40,100

 

1,857

 

Commercial Banks

 

 

 

 

 

 

 

Australia & New Zealand Banking Group Ltd.

 

 

 

250,209

 

4,747

 

National Australia Bank Ltd.

 

 

 

196,100

 

5,293

 

Westpac Banking Corp.

 

 

 

110,500

 

1,884

 

 

 

 

 

 

 

11,924

 

Commercial Services & Supplies

 

 

 

 

 

 

 

Brambles Industries Ltd.

 

 

 

537,100

 

4,134

 

Food & Staples Retailing

 

 

 

 

 

 

 

Metcash Ltd.

 

 

 

412,400

 

1,317

 

Health Care Providers & Services

 

 

 

 

 

 

 

DCA Group Ltd.

 

 

 

296,700

 

780

 

Hotels, Restaurants & Leisure

 

 

 

 

 

 

 

Tattersall’s Ltd.

 

(a)

 

726,200

 

1,721

 

UniTAB Ltd.

 

 

 

162,900

 

1,773

 

 

 

 

 

 

 

3,494

 

Industrial Conglomerates

 

 

 

 

 

 

 

Wesfarmers Ltd.

 

 

 

41,250

 

1,030

 

Insurance

 

 

 

 

 

 

 

AMP Ltd.

 

 

 

802,450

 

4,987

 

Insurance Australia Group Ltd.

 

 

 

354,100

 

1,387

 

QBE Insurance Group Ltd.

 

 

 

107,900

 

1,690

 

 

 

 

 

 

 

8,064

 

Metals & Mining

 

 

 

 

 

 

 

BHP Billiton Ltd.

 

 

 

623,727

 

12,504

 

Rio Tinto Ltd.

 

 

 

59,400

 

3,353

 

Zinifex Ltd.

 

 

 

312,800

 

2,136

 

 

 

 

 

 

 

17,993

 

Oil, Gas & Consumable Fuels

 

 

 

 

 

 

 

Caltex Australia Ltd.

 

 

 

68,800

 

946

 

Origin Energy Ltd.

 

 

 

260,250

 

1,364

 

 

 

 

 

 

 

2,310

 

Paper & Forest Products

 

 

 

 

 

 

 

Great Southern Plantations Ltd.

 

 

 

235,400

 

682

 

Gunns Ltd.

 

 

 

656,900

 

1,552

 

 

 

 

 

 

 

2,234

 

Real Estate

 

 

 

 

 

 

 

Mirvac Group

 

 

 

286,400

 

871

 

Westfield Group

 

 

 

246,100

 

3,013

 

 

 

 

 

 

 

3,884

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Billabong International Ltd.

 

 

 

315,750

 

3,436

 

Transportation Infrastructure

 

 

 

 

 

 

 

Macquarie Airports

 

 

 

411,600

 

993

 

Macquarie Infrastructure Group

 

 

 

318,800

 

870

 

 

 

 

 

 

 

1,863

 

 

 

 

 

 

 

72,039

 

China (4.2%)

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

 

 

China Construction Bank, ‘H’

 

(a)(c)

 

21,291,000

 

9,947

 

Electric Utilities

 

 

 

 

 

 

 

Huadian Power International Co.

 

 

 

4,704,000

 

1,258

 

 

1


 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Kingboard Chemical Holdings Ltd.

 

 

 

558,000

 

1,687

 

Food Products

 

 

 

 

 

 

 

Global Bio-Chem Technology Group Co., Ltd.

 

 

 

1,564,000

 

821

 

Health Care Equipment & Supplies

 

 

 

 

 

 

 

Moulin Global Eyecare Holdings Ltd.

 

(a)(b)(f)

 

1,616,000

 

@—

 

Household Durables

 

 

 

 

 

 

 

Grande Holdings Ltd.

 

 

 

735,000

 

554

 

Insurance

 

 

 

 

 

 

 

China Life Insurance Co., Ltd., ‘H’

 

(a)

 

2,260,000

 

2,854

 

PICC Property & Casualty Co., Ltd. ‘H’

 

 

 

1,650,000

 

601

 

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

 

 

 

1,059,000

 

2,730

 

 

 

 

 

 

 

6,185

 

Metals & Mining

 

 

 

 

 

 

 

Asia Aluminum Holdings Ltd.

 

(a)

 

7,298,000

 

1,317

 

Oil, Gas & Consumable Fuels

 

 

 

 

 

 

 

PetroChina Co., Ltd., ‘H’

 

 

 

824,000

 

860

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Fountain Set Holdings Ltd.

 

 

 

1,258,000

 

555

 

Victory City International Holdings Ltd.

 

 

 

3,178,000

 

1,147

 

 

 

 

 

 

 

1,702

 

Wireless Telecommunication Services

 

 

 

 

 

 

 

China Mobile Hong Kong Ltd.

 

 

 

722,000

 

3,792

 

 

 

 

 

 

 

28,123

 

Hong Kong (4.3%)

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

 

 

BOC Hong Kong Holdings Ltd.

 

 

 

524,000

 

1,054

 

Dah Sing Financial Holdings Ltd.

 

 

 

53,600

 

422

 

 

 

 

 

 

 

1,476

 

Hotels, Restaurants & Leisure

 

 

 

 

 

 

 

China Travel International Investment Hong Kong Ltd.

 

 

 

5,482,000

 

1,392

 

Household Durables

 

 

 

 

 

 

 

Techtronic Industries Co.

 

 

 

808,000

 

1,453

 

Industrial Conglomerates

 

 

 

 

 

 

 

Hutchison Whampoa Ltd.

 

 

 

215,000

 

1,971

 

Real Estate

 

 

 

 

 

 

 

Cheung Kong Holdings Ltd.

 

 

 

200,000

 

2,120

 

Great Eagle Holdings Ltd.

 

 

 

537,000

 

1,869

 

Henderson Land Development Co., Ltd.

 

 

 

394,000

 

2,183

 

Hysan Development Co., Ltd.

 

 

 

477,000

 

1,359

 

New World Development Ltd.

 

 

 

2,516,800

 

4,411

 

Swire Pacific Ltd., ‘A’

 

 

 

147,000

 

1,439

 

 

 

 

 

 

 

13,381

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Solomon Systech International Ltd.

 

 

 

3,004,000

 

1,452

 

Specialty Retail

 

 

 

 

 

 

 

Esprit Holdings Ltd.

 

 

 

1,047,500

 

8,154

 

 

 

 

 

 

 

29,279

 

India (1.9%)

 

 

 

 

 

 

 

Automobiles

 

 

 

 

 

 

 

Hero Honda Motors Ltd.

 

 

 

84,630

 

1,694

 

Commercial Banks

 

 

 

 

 

 

 

Punjab National Bank Ltd.

 

(b)

 

255,000

 

2,808

 

Electrical Equipment

 

 

 

 

 

 

 

Bharat Heavy Electricals Ltd.

 

 

 

165,937

 

8,360

 

 

 

 

 

 

 

12,862

 

Indonesia (1.5%)

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

 

 

Bank Central Asia Tbk PT

 

 

 

4,475,000

 

2,058

 

Bank Internasional Indonesia Tbk PT

 

 

 

1,395,500

 

25

 

Bank Rakyat Indonesia PT

 

 

 

6,594,000

 

2,835

 

 

 

 

 

 

 

4,918

 

Diversified Telecommunication Services

 

 

 

 

 

 

 

Telekomunikasi Indonesia Tbk PT

 

 

 

2,620,000

 

1,994

 

Gas Utilities

 

 

 

 

 

 

 

Perusahaan Gas Negara PT

 

 

 

1,456,500

 

1,608

 

Multiline Retail

 

 

 

 

 

 

 

Mitra Adiperkasa Tbk PT

 

 

 

5,554,800

 

688

 

 

2


 

Real Estate

 

 

 

 

 

 

 

Kawasan Industries Jababeka Tbk PT

 

(a)

 

63,752,000

 

987

 

 

 

 

 

 

 

10,195

 

Japan (52.1%)

 

 

 

 

 

 

 

Automobiles

 

 

 

 

 

 

 

Nissan Motor Co., Ltd.

 

 

 

937,100

 

11,130

 

Suzuki Motor Corp.

 

 

 

294,500

 

6,768

 

Toyota Motor Corp.

 

 

 

226,200

 

12,357

 

Yamaha Motor Co., Ltd.

 

 

 

231,900

 

5,733

 

 

 

 

 

 

 

35,988

 

Building Products

 

 

 

 

 

 

 

Daikin Industries Ltd.

 

 

 

215,100

 

7,529

 

Nippon Sheet Glass Co., Ltd.

 

 

 

435,000

 

2,424

 

Sanwa Shutter Corp.

 

 

 

454,000

 

2,974

 

 

 

 

 

 

 

12,927

 

Chemicals

 

 

 

 

 

 

 

Daicel Chemical Industries Ltd.

 

 

 

695,000

 

5,852

 

Denki Kagaku Kogyo KK

 

 

 

1,054,000

 

4,710

 

Kaneka Corp.

 

 

 

505,000

 

6,054

 

Lintec Corp.

 

 

 

170,100

 

4,285

 

Mitsubishi Chemical Holdings Corp.

 

 

 

786,000

 

4,848

 

Nifco, Inc.

 

 

 

174,300

 

3,554

 

Shin-Etsu Polymer Co., Ltd.

 

 

 

302,900

 

4,714

 

Teijin Ltd.

 

 

 

805,000

 

5,355

 

Toyo Ink Manufacturing Co., Ltd.

 

 

 

345,000

 

1,785

 

 

 

 

 

 

 

41,157

 

Commercial Services & Supplies

 

 

 

 

 

 

 

Dai Nippon Printing Co., Ltd.

 

 

 

293,000

 

5,302

 

Nissha Printing Co., Ltd.

 

 

 

38,000

 

1,430

 

 

 

 

 

 

 

6,732

 

Computers & Peripherals

 

 

 

 

 

 

 

Fujitsu Ltd.

 

 

 

1,136,000

 

9,584

 

Mitsumi Electric Co., Ltd.

 

 

 

254,800

 

3,331

 

NEC Corp.

 

 

 

1,231,000

 

8,649

 

Toshiba Corp.

 

 

 

1,515,000

 

8,804

 

 

 

 

 

 

 

30,368

 

Construction & Engineering

 

 

 

 

 

 

 

Kyudenko Corp.

 

 

 

231,000

 

1,513

 

Maeda Road Construction Co., Ltd.

 

 

 

180,000

 

1,422

 

Obayashi Corp.

 

 

 

669,000

 

5,445

 

Sanki Engineering Co., Ltd.

 

 

 

88,000

 

729

 

 

 

 

 

 

 

9,109

 

Consumer Finance

 

 

 

 

 

 

 

Hitachi Capital Corp.

 

 

 

215,700

 

4,316

 

Diversified Telecommunication Services

 

 

 

 

 

 

 

Nippon Telegraph & Telephone Corp.

 

 

 

925

 

3,969

 

Electric Utilities

 

 

 

 

 

 

 

Tokyo Electric Power Co., Inc.

 

 

 

140,000

 

3,491

 

Electrical Equipment

 

 

 

 

 

 

 

Furukawa Electric Co., Ltd.

 

 

 

918,000

 

7,612

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Hitachi Ltd.

 

 

 

1,032,000

 

7,303

 

Kyocera Corp.

 

 

 

87,100

 

7,711

 

Ryosan Co., Ltd.

 

 

 

113,700

 

3,052

 

TDK Corp.

 

 

 

83,000

 

6,255

 

 

 

 

 

 

 

24,321

 

Food & Staples Retailing

 

 

 

 

 

 

 

FamilyMart Co., Ltd.

 

 

 

155,200

 

4,865

 

Food Products

 

 

 

 

 

 

 

House Foods Corp.

 

 

 

131,000

 

2,150

 

Nippon Meat Packers, Inc.

 

 

 

308,000

 

3,227

 

 

 

 

 

 

 

5,377

 

Household Durables

 

 

 

 

 

 

 

Casio Computer Co., Ltd.

 

 

 

330,000

 

5,874

 

Matsushita Electric Industrial Co., Ltd.

 

 

 

524,000

 

11,641

 

Rinnai Corp.

 

 

 

83,000

 

2,489

 

Sekisui Chemical Co., Ltd.

 

 

 

672,000

 

5,692

 

Sekisui House Ltd.

 

 

 

350,000

 

5,222

 

Sony Corp.

 

 

 

133,600

 

6,186

 

 

 

 

 

 

 

37,104

 

 

3


 

Leisure Equipment & Products

 

 

 

 

 

 

 

Fuji Photo Film Co., Ltd.

 

 

 

189,400

 

6,324

 

Yamaha Corp.

 

 

 

276,200

 

4,881

 

 

 

 

 

 

 

11,205

 

Machinery

 

 

 

 

 

 

 

Amada Co., Ltd.

 

 

 

473,000

 

5,160

 

Daifuku Co., Ltd.

 

 

 

284,000

 

4,662

 

Fuji Machine Manufacturing Co., Ltd.

 

 

 

139,300

 

2,568

 

Fujitec Co., Ltd.

 

 

 

196,000

 

1,262

 

Kurita Water Industries Ltd.

 

 

 

248,700

 

5,324

 

Minebea Co., Ltd.

 

 

 

653,000

 

4,510

 

Mitsubishi Heavy Industries Ltd.

 

 

 

1,609,000

 

7,655

 

Tsubakimoto Chain Co.

 

 

 

587,000

 

4,399

 

 

 

 

 

 

 

35,540

 

Media

 

 

 

 

 

 

 

Toho Co., Ltd.

 

 

 

82,900

 

1,599

 

Metals & Mining

 

 

 

 

 

 

 

Nippon Steel Corp.

 

(a)

 

379,000

 

1,468

 

Office Electronics

 

 

 

 

 

 

 

Canon, Inc.

 

 

 

173,200

 

11,463

 

Ricoh Co., Ltd.

 

 

 

440,000

 

8,597

 

 

 

 

 

 

 

20,060

 

Pharmaceuticals

 

 

 

 

 

 

 

Astellas Pharmaceutical, Inc.

 

 

 

165,500

 

6,285

 

Daiichi Sankyo Co., Ltd.

 

 

 

255,500

 

5,828

 

Ono Pharmaceutical Co., Ltd.

 

 

 

110,100

 

5,192

 

 

 

 

 

 

 

17,305

 

Real Estate

 

 

 

 

 

 

 

Mitsubishi Estate Co., Ltd.

 

 

 

10,000

 

237

 

Road & Rail

 

 

 

 

 

 

 

East Japan Railway Co.

 

 

 

663

 

4,912

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Rohm Co., Ltd.

 

 

 

39,600

 

4,189

 

Software

 

 

 

 

 

 

 

Nintendo Co., Ltd.

 

 

 

61,500

 

9,196

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Nisshinbo Industries, Inc.

 

 

 

246,000

 

2,757

 

Trading Companies & Distributors

 

 

 

 

 

 

 

Hitachi High-Technologies Corp.

 

 

 

83,300

 

2,201

 

Mitsubishi Corp.

 

 

 

416,400

 

9,481

 

Nagase & Co., Ltd.

 

 

 

210,000

 

2,822

 

 

 

 

 

 

 

14,504

 

 

 

 

 

 

 

350,308

 

Malaysia (0.8%)

 

 

 

 

 

 

 

Construction & Engineering

 

 

 

 

 

 

 

Gamuda Bhd

 

 

 

1,602,000

 

1,635

 

Road Builder (Malaysia) Holdings Bhd

 

 

 

1,062,500

 

609

 

 

 

 

 

 

 

2,244

 

Electric Utilities

 

 

 

 

 

 

 

Tenaga Nasional Bhd

 

 

 

585,000

 

1,334

 

Food Products

 

 

 

 

 

 

 

IOI Corp. Bhd

 

 

 

284,000

 

1,025

 

Real Estate

 

 

 

 

 

 

 

Bandar Raya Developments Bhd

 

 

 

2,589,200

 

851

 

 

 

 

 

 

 

5,454

 

Pakistan (0.7%)

 

 

 

 

 

 

 

Commercial Banks

 

 

 

 

 

 

 

National Bank of Pakistan

 

 

 

319,400

 

1,501

 

Diversified Telecommunication Services

 

 

 

 

 

 

 

Pakistan Telecom Co., Ltd

 

(a)

 

1,305,400

 

1,426

 

Oil, Gas & Consumable Fuels

 

 

 

 

 

 

 

Oil & Gas Development Co., Ltd.

 

 

 

578,100

 

1,515

 

 

 

 

 

 

 

4,442

 

Singapore (2.6%)

 

 

 

 

 

 

 

Airlines

 

 

 

 

 

 

 

Singapore Airlines Ltd.

 

 

 

74,000

 

641

 

Commercial Banks

 

 

 

 

 

 

 

DBS Group Holdings Ltd.

 

 

 

205,000

 

2,068

 

 

4


 

Oversea-Chinese Banking Corp.

 

 

 

499,400

 

2,070

 

 

 

 

 

 

 

4,138

 

Computers & Peripherals

 

 

 

 

 

 

 

Unisteel Technology Ltd.

 

 

 

1,472,500

 

1,886

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

Venture Corp., Ltd.

 

 

 

144,000

 

1,140

 

Industrial Conglomerates

 

 

 

 

 

 

 

SembCorp Industries Ltd.

 

 

 

474,000

 

1,027

 

Machinery

 

 

 

 

 

 

 

Hyflux Ltd.

 

 

 

1,022,500

 

1,658

 

Media

 

 

 

 

 

 

 

Singapore Press Holdings Ltd.

 

 

 

350,000

 

975

 

Real Estate

 

 

 

 

 

 

 

CapitaLand Ltd.

 

 

 

1,230,000

 

3,684

 

Suntec Real Estate Investment Trust

 

 

 

2,263,000

 

1,848

 

United Industrial Corp.

 

 

 

341,000

 

293

 

 

 

 

 

 

 

5,825

 

 

 

 

 

 

 

17,290

 

South Korea (7.1%)

 

 

 

 

 

 

 

Auto Components

 

 

 

 

 

 

 

Hankook Tire Co., Ltd.

 

 

 

45,860

 

694

 

Hyundai Mobis

 

 

 

18,300

 

1,620

 

 

 

 

 

 

 

2,314

 

Automobiles

 

 

 

 

 

 

 

Hyundai Motor Co.

 

 

 

19,000

 

1,598

 

Hyundai Motor Co. (Preference)

 

 

 

14,630

 

808

 

 

 

 

 

 

 

2,406

 

Commercial Banks

 

 

 

 

 

 

 

Kookmin Bank

 

 

 

33,070

 

2,856

 

Pusan Bank

 

 

 

72,420

 

1,058

 

Shinhan Financial Group Co., Ltd.

 

 

 

57,470

 

2,573

 

Woori Finance Holdings Co., Ltd.

 

 

 

35,100

 

697

 

 

 

 

 

 

 

7,184

 

Construction & Engineering

 

 

 

 

 

 

 

Doosan Heavy Industries & Construction Co., Ltd.

 

 

 

52,750

 

1,743

 

GS Engineering & Construction Corp.

 

 

 

18,090

 

1,076

 

Hyundai Engineering & Construction Co., Ltd.

 

(a)

 

20,340

 

1,037

 

 

 

 

 

 

 

3,856

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

LG.Philips LCD Co., Ltd.

 

(a)

 

14,880

 

671

 

Food Products

 

 

 

 

 

 

 

Orion Corp.

 

 

 

8,066

 

2,383

 

Household Durables

 

 

 

 

 

 

 

Woongjin Coway Co., Ltd.

 

 

 

56,600

 

1,652

 

Insurance

 

 

 

 

 

 

 

Samsung Fire & Marine Insurance Co., Ltd.

 

 

 

12,360

 

1,635

 

Internet Software & Services

 

 

 

 

 

 

 

NHN Corp.

 

(a)

 

7,310

 

2,257

 

Machinery

 

 

 

 

 

 

 

Doosan Infracore Co., Ltd.

 

 

 

72,700

 

1,350

 

Hyundai Heavy Industries Co., Ltd.

 

 

 

18,420

 

1,608

 

 

 

 

 

 

 

2,958

 

Metals & Mining

 

 

 

 

 

 

 

Korea Zinc Co., Ltd.

 

 

 

25,630

 

2,010

 

Multiline Retail

 

 

 

 

 

 

 

Lotte Shopping Co., Ltd.

 

 

 

1,748

 

716

 

Oil, Gas & Consumable Fuels

 

 

 

 

 

 

 

S-Oil Corp.

 

 

 

19,030

 

1,461

 

SK Corp.

 

 

 

23,540

 

1,580

 

 

 

 

 

 

 

3,041

 

Personal Products

 

 

 

 

 

 

 

Amorepacific Corp.

 

 

 

3,930

 

1,537

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Samsung Electronics Co., Ltd.

 

 

 

9,862

 

6,395

 

Samsung Electronics Co., Ltd. (Preference)

 

 

 

6,932

 

3,549

 

 

 

 

 

 

 

9,944

 

Textiles, Apparel & Luxury Goods

 

 

 

 

 

 

 

Cheil Industries, Inc.

 

 

 

40,780

 

1,494

 

 

5


 

Tobacco

 

 

 

 

 

 

 

KT&G Corp.

 

 

 

26,530

 

1,496

 

 

 

 

 

 

 

47,554

 

Taiwan (6.3%)

 

 

 

 

 

 

 

Auto Components

 

 

 

 

 

 

 

Cheng Shin Rubber Industry Co., Ltd.

 

 

 

638,578

 

466

 

Capital Markets

 

 

 

 

 

 

 

Polaris Securities Co., Ltd.

 

 

 

1,551,719

 

643

 

Commercial Banks

 

 

 

 

 

 

 

Chang Hwa Commercial Bank

 

 

 

6,840,000

 

3,740

 

Chinatrust Financial Holding Co., Ltd.

 

 

 

1,994,000

 

1,416

 

Taishin Financial Holdings Co., Ltd.

 

 

 

2,705,152

 

1,492

 

 

 

 

 

 

 

6,648

 

Computers & Peripherals

 

 

 

 

 

 

 

Acer, Inc.

 

 

 

304,000

 

559

 

High Tech Computer Corp.

 

 

 

42,000

 

1,149

 

Wistron Corp.

 

(a)

 

956,000

 

1,146

 

 

 

 

 

 

 

2,854

 

Construction & Engineering

 

 

 

 

 

 

 

CTCI Corp.

 

 

 

1,401,687

 

682

 

Diversified Financial Services

 

 

 

 

 

 

 

Fubon Financial Holding Co., Ltd.

 

 

 

491,180

 

416

 

Electrical Equipment

 

 

 

 

 

 

 

Phoenixtec Power Co., Ltd.

 

 

 

299,885

 

293

 

Electronic Equipment & Instruments

 

 

 

 

 

 

 

AU Optronics Corp.

 

 

 

935,440

 

1,406

 

Delta Electronics, Inc.

 

 

 

2,399,066

 

5,580

 

Everlight Electronics Co., Ltd.

 

 

 

79,000

 

233

 

Hon Hai Precision Industry Co., Ltd.

 

 

 

1,014,130

 

6,280

 

Radiant Opto-Electronics Corp.

 

 

 

416,088

 

1,023

 

Wintek Corp.

 

 

 

791,000

 

1,085

 

 

 

 

 

 

 

15,607

 

Household Durables

 

 

 

 

 

 

 

Tsann Kuen Enterprise Co., Ltd.

 

 

 

681,836

 

1,051

 

Insurance

 

 

 

 

 

 

 

Cathay Financial Holding Co., Ltd.

 

 

 

1,047,000

 

1,871

 

Shin Kong Financial Holding Co., Ltd.

 

 

 

3,857,647

 

3,173

 

 

 

 

 

 

 

5,044

 

Leisure Equipment & Products

 

 

 

 

 

 

 

Largan Precision Co., Ltd.

 

 

 

283,946

 

4,610

 

Semiconductors & Semiconductor Equipment

 

 

 

 

 

 

 

Epistar Corp.

 

 

 

56,000

 

158

 

Taiwan Semiconductor Manufacturing Co., Ltd.

 

 

 

1,654,000

 

3,271

 

 

 

 

 

 

 

3,429

 

Software

 

 

 

 

 

 

 

Springsoft, Inc.

 

 

 

285,867

 

436

 

 

 

 

 

 

 

42,179

 

Thailand (2.9%)

 

 

 

 

 

 

 

Airlines

 

 

 

 

 

 

 

Thai Airways International PCL (Foreign)

 

(b)

 

651,300

 

779

 

Commercial Banks

 

 

 

 

 

 

 

Bangkok Bank PCL (Foreign)

 

 

 

989,500

 

2,953

 

Kasikornbank PCL (Foreign)

 

 

 

1,684,300

 

2,968

 

Siam City Bank PCL (Foreign)

 

 

 

934,200

 

584

 

Siam Commercial Bank PCL (Foreign)

 

(b)

 

576,400

 

956

 

 

 

 

 

 

 

7,461

 

Construction & Engineering

 

 

 

 

 

 

 

CH. Karnchang PCL (Foreign)

 

(a)(b)

 

2,803,900

 

786

 

Italian-Thai Development PCL (Foreign)

 

(b)

 

1,685,600

 

302

 

Sino Thai Engineering & Construction PCL (Foreign)

 

(b)

 

2,795,700

 

683

 

 

 

 

 

 

 

1,771

 

Diversified Telecommunication Services

 

 

 

 

 

 

 

True Corp PCL (Foreign)

 

(a)(b)

 

4,759,500

 

1,285

 

Household Durables

 

 

 

 

 

 

 

Asian Property Development PCL (Foreign)

 

(b)

 

6,812,500

 

736

 

Land & Houses PCL (Foreign)

 

 

 

3,270,100

 

707

 

 

 

 

 

 

 

1,443

 

Oil, Gas & Consumable Fuels

 

 

 

 

 

 

 

Banpu PCL (Foreign)

 

 

 

182,900

 

705

 

 

6


 

PTT Exploration & Production PCL (Foreign)

 

(b)

 

26,200

 

372

 

PTT PCL (Foreign)

 

(b)

 

259,300

 

1,561

 

Thai Oil PCL (Foreign)

 

(b)

 

392,300

 

666

 

 

 

 

 

 

 

3,304

 

Wireless Telecommunication Services

 

 

 

 

 

 

 

Advanced Info Service PCL (Foreign)

 

(b)

 

617,700

 

1,454

 

Total Access Communication PCL

 

(a)

 

481,000

 

1,895

 

 

 

 

 

 

 

3,349

 

 

 

 

 

 

 

19,392

 

TOTAL COMMON STOCKS
(Cost $479,186)

 

 

 

 

 

639,117

 

INVESTMENT COMPANY (1.2%)

 

 

 

 

 

 

 

India (1.2%)

 

 

 

 

 

 

 

Morgan Stanley Growth Fund
(Cost $1,593)

 

(a)(d)

 

8,615,401

 

7,860

 

 

 

 

 

 

 

 

 

 

 

 

 

No. of

 

 

 

 

 

 

 

Warrants

 

 

 

WARRANTS (0.0%)

 

 

 

 

 

 

 

Thailand (0.0%)

 

 

 

 

 

 

 

Construction & Engineering

 

 

 

 

 

 

 

Sino Thai Engineering & Construction PCL, expiring 4/18/08
(Cost $36)

 

(a)

 

(465,950

)

44

 

 

 

 

 

 

 

 

 

 

 

 

 

Face

 

 

 

 

 

 

 

Amount
(000)

 

 

 

SHORT-TERM INVESTMENT (3.3%)

 

 

 

 

 

 

 

United States (3.3%)

 

 

 

 

 

 

 

Repurchase Agreement
J.P. Morgan Securities, Inc., 4.73%,
dated 3/31/06, due 4/3/06
repurchase price $22,356 (Cost $22,347)

 

(e)

 

$

22,347

 

22,347

 

TOTAL INVESTMENTS+ (99.6%) (Cost $503,162)

 

 

 

 

 

669,368

 

OTHER ASSETS IN EXCESS OF LIABILITIES (0.4%)

 

 

 

 

 

2,545

 

NET ASSETS (100%)

 

 

 

 

 

$

671,913

 

 

(a)

 

Non-income producing security.

(b)

 

Security was valued at fair value — At March 31, 2006, the Fund held $12,388,000 of fair valued securities, representing 1.8% of net assets.

(c)

 

144A Security - Certain conditions for public sale must 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 $1,592,902 is advised by an affiliate of the Adviser. During the period ended March 31, 2006, there were no purchases or sales of this security. The Fund derived no income from this security during the period ended March 31, 2006.

(e)

 

Represents the Fund’s undivided interest in a joint repurchase agreement which has a total value of $935,502,000. 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 Corp., 3.23% to 6.08%, due 4/1/19 to 2/1/37; Federal National Mortgage Association, Conventional Pools, 3.60% to 6.39%, due 5/1/28 to 4/1/44, which had a total value of $954,214,908. 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.

(f)

 

Security has been deemed illiquid — At March 31, 2006.

+

 

At March 31, 2006, the U.S. Federal income tax cost basis of investments was approximately $503,162,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $166,206,000 of which $184,715,000 related to appreciated securities and $18,509,000 related to depreciated securities.

@

 

Face Amount/Value is less than $500.

 

7


 

Foreign Currency Exchange Contract 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)

 

USD

 

144

 

$

144

 

4/3/06

 

HKD

 

1,118

 

$

144

 

$

@—

 

USD

 

77

 

77

 

4/3/06

 

SGD

 

125

 

77

 

@—

 

USD

 

204

 

204

 

4/4/06

 

SGD

 

331

 

204

 

@—

 

 

 

 

 

$

425

 

 

 

 

 

 

 

$

425

 

$

@—

 

 

HKD

 

- Hong Kong Dollar

SGD

 

- Singapore Dollar

USD

 

- United States Dollar

 

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:

May 18, 2006

 

 

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 18, 2006

 

 

 

 

By:

/s/ James Garrett

 

Name:

James Garrett

 

Title:

Principal Financial Officer

 

Date:

May 18, 2006