$Del Monte Pac (D03.SG)$ 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.
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noworries99
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This stock won’t move up cos PH Govt is against China rn
$Del Monte Pac (D03.SG)$ 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
$Del Monte Pac (D03.SG)$ 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.
$Del Monte Pac (D03.SG)$ 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.
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jusgod
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It has fallen too much and losses in past 2 years are huge...... I have scoop some n have to sit on losses probably for a few years......
文靜的利亞姆
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This company owes too much debt, and the risk can only be reduced by waiting for the Federal Reserve to cut interest rates. When I personally see the (debt) risks I can see, I don't risk high-risk investments. I was brought to the brink of bankruptcy by Hyflux more than ten years ago, so I avoided all the risks I could see
Deep Sea
102772016
OP
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When US cut interest rate, many central banks will follow. This will help to reduce the bank borrowings costs and prop up the earnings of Del Monte.
文靜的利亞姆
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The gambling component is very high. There are too many debts, and interest has not been reduced. Buying it now would be quite risky I paid attention to it when the price was 0.13++, and I've been waiting for the right time to buy it
MiltonWong
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Nope when jiutian hit 0.12, they were flush with net cash n having record breaking profits quarter after quarter. Fundamentals n results do matter. Currently, this spike is purely to trap trend followers n then once q4 results out, it will gap down more
MiltonWong
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Similar to recent spike to 0.035 then sell down back to 0.024 few weeks back, it's part of the Algo to trap the retailers into thinking it's going up
Deep Sea
OP
MiltonWong
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There are other traders who still want to trade when there is interest in buying the penny stocks. It’s not up to your call to say NO. It’s their call to buy since the money is theirs, not yours.
MiltonWong
Deep Sea
OP
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This is due to supposed covid effect on glove n medical stocks as seen on 2020; china is basically uninvestable for next 3 years due to geopolitical tensions n a spiraling deflation cycle
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noworries99 : This stock won’t move up cos PH Govt is against China rn