Del Monte

Del Monte: updates on proposed listing on the Philippine Stock Exchange. Del Monte has posted the listing circular approving the PSE Listing. The shares are expected to be listed by way of introduction on the PSE on 10 Jun and trading of the shares can commence immediately upon listing. Upon listing on the PSE, the co will be concurrently listed on the Main Board of the SGX and the PSE, marking the fist dual listing of a co on both the PSE and SGX. Del Monte trades at 28.5x P/E, vs the top Philippine consumer names that trade at btwn 11.2 – 28.3x P/E.