Del Monte (SGX:D03) +140.04% multibagger profit (realized)

Little would I have thought Del Monte would become my 2nd best stock so far since the system went live trading in 2016 (check out the leaderboard here). Initially when the system initiated a buy on this stock, I did not give it much attention but dutifully executed the buy instruction on 2nd Dec 2020 at the price of 0.154. The price rose steadily and a bump up happened on 11th Dec 2020 which was when I started to take notice of it. Then I realised oh it is that Del Monte. That can of kernel corn which you make corn soup with. Also not to forget that bunch of bananas that you find in NTUC or Sheng Siong. Well, with system trading, your profit could come from some least expected little known stocks. The media only covers those popular big cap stocks which hardly gave me astounding gains (fyi AEM was bought before it became famous!). And I find that if you read too much on the information from the media, it would actually limit the scope of your views and you tend to only focus on those popular stocks in their coverage because it is so attractive and feels like a sure win.

Anyway, from the chart above, the stock was held for about 9 months. Recently it fell more than 10% after the news that its IPO in the Philippines is delayed due to the local COVID-19 surge. It was sold on 5th Aug 2021 at 0.355 with a total gain of +140.04%. So now, the multibagger stocks I am still holding is PropNex and another lesser know multibagger stock (if you cook, you probably have seen it before). Congrats to those who followed.

About Del Monte

Del Monte Pacific Limited is an investment holding company. The Company, together with its subsidiaries, is a food and beverage company. Its segments include Packaged fruit and vegetable, which includes sales of processed fruit and vegetable products under the Del Monte and S&W brands, as well as buyer's labels; Beverage, which includes sale of pineapple juice in can, juice drinks in various flavors in can, tetra and polyethylene terephthalate (PET) packaging, and pineapple juice concentrate; Culinary, which includes sale of packaged tomato-based products, such as ketchup, tomato sauce, pasta sauce, recipe sauce, pizza sauce, pasta, broth and condiments, and Fresh fruit and others, which includes sale of S&W branded fresh pineapples in Asia Pacific and buyer's label or non-branded fresh pineapples in Asia, and sale of cattle in the Philippines.       

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