DELM is a holding company with subsidiaries that grow, process, develop, manufacture, distribute, market, and sell packaged fruits and vegetables, canned and fresh pineapple, pineapple concentrate, tropical mixed fruit, tomato-based products, broth, and several other food products, primarily under the brand names “Del Monte,” “S&W,” and “Contadina.”
NutriAsia Pacific Ltd and Bluebell Group Holdings Limited, which are beneficially held by the Philippines’ Campos property, own 71 percent of DMPL.
Del Monte Pacific Resources Limited, DMPL India Pte Ltd, DMPL Management Services Pte Ltd, GTL Limited, and S&W Fine Foods International Limited are all wholly-owned subsidiaries of the company. DMPL also owns DMPL Foods Limited, which is 89.43 percent held by the group.
Del Monte Philippines Incorporated (DMPI), the company’s wholly-owned affiliate, has applied for a $910 million initial public offering (IPO) (P44 billion).
DELM posted a net profit of US$48.8 million in the first nine months of FY2020, reversing a loss of US$69 million in the same timeframe the previous year.
- Del Monte Philippines Incorporated (DMPI), the company’s wholly-owned subsidiary, has applied for a $910 million initial public offering (P44 billion).
- DELM reported a net income of US$48.8 million for the first nine months of fiscal year 2020, reversing the previous year’s loss of 69 million USD.
- The stock is up 90% year to date
- It is trading above its 8-day, 20-day, 50-day, and 100-day moving average lines.
- Each day, the security trades between P1 and P30 million.
- DELM has slipped away from recent highs and has maintained support around P11.80. It has already begun to climb and may attempt its resistance level in the future trading sessions.
Material in this article is obtained from sources we believe to be reliable, but its reliability or precision cannot be guaranteed. This is for the sole purpose of providing details and does not provide an offer from us to buy or sell securities mentioned in this document.