Daily BriefsSingapore

Singapore: Del Monte Pacific and more

In today’s briefing:

  • Del Monte Pacific HoldCo Trade – Potential 50% Upside from DMPI IPO

Del Monte Pacific HoldCo Trade – Potential 50% Upside from DMPI IPO

By Zhen Zhou, Toh

Del Monte Pacific (DELM SP) (DMPL) owns 87% of Del Monte Philippines (1575316D PM) (DMPI) which is looking to IPO this year. 

DMPL’s Consumer Foods division, Del Monte Foods (DMFL) hasn’t been doing well since DMPL acquired it in 2014. The IPO of DMPI will help to deleverage DMPL which could lead to a much needed catalyst for further re-rating. Despite DMPL’s recent share price rally, there is still potentially still room for further upside subject to DMPI’s final valuation.

We looked at DMPI’s IPO in:


Before it’s here, it’s on Smartkarma