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SG Stock MarketDetailed Quotes
D03 Del Monte Pac
- 0.067
- +0.001+1.52%
10min DelayMarket Closed Apr 30 09:00 CST
130.25MMarket Cap-0.56P/E (TTM)
0.067High0.067Low300Volume0.067Open0.066Pre Close20.00Turnover0.10852wk High0.00%Turnover Ratio1.94BShares0.06152wk Low-0.119EPS TTM26.51MFloat Cap0.662Historical HighLossP/E (Static)395.61MShs Float0.005Historical Low-0.091EPS LYR0.00%Amplitude--Dividend TTM4.19P/B100Lot Size--Div YieldTTM
Del Monte Pac Stock Forum
The company is going to sell some US assets to reduce its bank borrowings which is the positive step towards deleveraging. The high interest expense is “eating” into its profits which makes the company reporting a loss. The only way to make profit is to deleverage.
Please be informed that Del Monte Pacific Limited's U.S.$90,000,000 3.75% Senior Notes due 2024 (the "Notes") have been fully redeemed at their principal amount on Maturity Date, 9 December 2024, in accordance with the Offering Circular and the Terms and Conditions of the Notes annexed to the Trust Deed dated 9 December 2021.
General Announcement::Senior Notes due 2024 have been fully redeemed at their principal amount
This stock will benefit from the US rate cut with next year interest expense expected to reduce. It should help to further reduce its losses. It has business exposure to USA besides The Philipines.
It’s good to accumulate the stock when the price is selling at big discount. When the company starts to lessen its losses in the coming FY, the stock should see a strong rebound in its share price. This is my view. DYODD.
Let’s hope the 3rd quarter earnings is positive and making profit. Waiting for the earnings release after 5pm today.
COSCO and FU YU are loss making company and yet big players are willing to push up. Trading in penny stocks don’t look at fundamentals at all regardless of profit or loss.
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