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Del Monte Foods

Broker's Calls

Why it may take longer than expected for Del Monte Pacific to bear fruit

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.

Results

Del Monte Pacific swings back to profitability in 3Q with earnings of $12.1 mil

SINGAPORE (March 10): Del Monte Pacific reported 3Q earnings of US$8.5 million ($12.1 million), a turnaround from the net loss of US$4.8 million from a year ago.

DBS views Del Monte Pacific’s 1Q results as a ‘mixed bag’

SINGAPORE (Sept 9): DBS is keeping its “hold” call on Del Monte Pacific with an unchanged target price of 37 cents as it awaits the food and beverage (F&B) company’s earnings performance in subsequent quarters.

Results

Del Monte Pacific’s 1Q net loss narrows 18.3% to $11.8 mil

SINGAPORE (Sept 9): Food and beverage (F&B) company Del Monte Pacific posted a net loss of US$8.7 million ($11.8 million) for the three months ended 31 July, narrowing 18.3% from its net loss of US$10.7 million a year ago on higher operating profit.

Del Monte Pacific back in the black with FY16 earnings of US$51.5 mil

SINGAPORE (June 29): Del Monte Pacific has swung back to profitability in FY16 on one-off gains.
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