“The main proposition of our recommendation is the turnaround of profit in the absence of non-recurring expenses and better operational performance,” they add.
SINGAPORE (July 4): DBS Vickers Securities is maintaining its “hold” call on Del Monte Pacific with a lower target price of 32 cents from 36 cents previously.
This is primarily due the belief that the group’s US subsidiary, Del Monte Foods, could take longer than formerly-anticipated to show substantial contributions, explain analysts Andy Sim and Alfie Yeo in a Monday report.
