Del Monte Pacific (DMPLF) Receives a Buy from Phillip Securities

In a report released on March 15, Paul Chew from Phillip Securities maintained a Buy rating on Del Monte Pacific (DMPLF – Research Report), with a price target of S$0.40. The company’s shares closed last Wednesday at $0.31.

Chew covers the Technology sector, focusing on stocks such as Block, Adobe, and Apple. According to TipRanks, Chew has an average return of 2.0% and a 38.78% success rate on recommended stocks.

Currently, the analyst consensus on Del Monte Pacific is a Moderate Buy with an average price target of $0.30.

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The company has a one-year high of $0.31 and a one-year low of $0.30. Currently, Del Monte Pacific has an average volume of 50K.

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Del Monte Pacific Ltd. is an investment holding company, which engages in growing, processing, and selling packaged fruits, vegetable and tomato, fresh pineapples, sauces, condiments, pasta, broth and juices. It operates through the following business segments: Packaged Fruit and Vegetable, Beverage, Culinary, and Fresh Fruit and Others. The Packaged Fruit and Vegetable segment includes sales and profit of processed fruit and vegetable products. The Beverage segment comprises sales and profit of pineapple juice in can, juice drinks in various flavours in can, tetra and PET packaging, and pineapple juice concentrate. The Culinary segment involves in the sales and profit of packaged tomato-based products. The Fresh Fruit and Others segment compose of sales and profit of S&W branded pineapples and buyer’s label or non-branded pineapples, and sales and profit of cattle. Its brands include Del Monte, S&W, Today’s, Contadina and College Inn. The company was founded in 1926 and is headquartered in Singapore.