Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Del Monte Pacific ( (SG:D03) ) has issued an update.
Del Monte Pacific Limited has completed the previously announced sale of a 4.99% equity stake in Sundrop Brands Limited by its indirect subsidiary DMPL India Limited to CAG-Tech (Mauritius) Limited, receiving approximately US$15 million in proceeds. The company has also signed an additional share purchase agreement to sell a further 1.45% stake in Sundrop Brands to an independent third-party buyer on substantially similar, arm’s length terms, with completion subject to customary conditions precedent, signalling continued steps in its planned divestment of this investment and potential reallocation of capital within the Group.
The most recent analyst rating on (SG:D03) stock is a Hold with a S$0.10 price target. To see the full list of analyst forecasts on Del Monte Pacific stock, see the SG:D03 Stock Forecast page.
More about Del Monte Pacific
Del Monte Pacific Limited is a food and beverage company that operates through various subsidiaries across international markets, focusing on branded packaged foods and related consumer products. The Group’s portfolio includes a range of shelf-stable and other food products distributed in key markets such as Asia and the Americas.
Average Trading Volume: 452,985
Technical Sentiment Signal: Sell
Current Market Cap: S$190.5M
Find detailed analytics on D03 stock on TipRanks’ Stock Analysis page.