SSI Group Inc (SSI) made an announcement last July 18 that it has entered into a Development and License Agreement with NYSE-listed firm Shake Shack Inc. to operate Shake Shack restaurants in the Philippines by spring 2019. This will pioneer Shake Shack’s entry into Southeast Asia.
Shake Shack is a modern day roadside burger chain known for its 100-percent all-natural Angus beef burgers, flat top Vienna beef dogs, crinkle cut fries, chicken sandwiches, fresh-spun custard, craft beer, wine and more.
The menu will feature Shake Shack’s ShackBurger, Shake-cago Dog, crinkle-cut fries, beer, wine, and frozen custard ice cream.
On June 18, 2018, SSI also declared cash dividends amounting to PHP 0.013 per share, payable on August 1, 2018.
SSI Group Revenue in Focus
For the first six months of the year, the company booked net sales of PHP 9.3 billion, a 10.60 percent increase versus the same period last year.
For the second quarter alone, the company had net sales of PHP 4.7 billion. The strong sales were mainly attributed to strong consumer demand.
The group registered strong performance in luxury, bridge, and casual categories. The growth was made regardless of a 7 percent decrease in prices.
The company currently has 616 stores covering 124,333 square meters. This is a decline of 7.1 percent year on year.
Moreover, for the second quarter, the group opened four new stores covering 475 square meters while closing 14 stores at the same time covering 2,717 square meters.
Net income for the first six months totaled PHP 283.3 million, an increase of 3.4 percent versus the same period last year.
For the three months ending June 30, 2018, alone, the company earned a net income of PHP 150.40 million.
Technical Analysis
SSI is currently consolidating after making short-term higher highs and higher lows. The 15 EMA, 20 SMA, and 50 SMA are collectively acting as support.
The 200 SMA, however, is acting as resistance. Volume profile appears to support a bullish outlook.
Furthermore, MACD is bullish. RSI is also bullish but is near oversold levels. Support is estimated at 2.40 while resistance is expected at 2.63 followed by 2.77.
Volume
As of October 11, 2018, at 03:30 PM, the volume of SSI is 38.92% of the previous trading day. This stock’s latest volume is above its 30-day volume average.
Remember the correlation between price and volume.
bullish price + volume above the 30-day volume average = bullish
bullish price + volume below the 30-day volume average = neutral
bearish price + volume above the 30-day volume average = bearish
bearish price + volume below the 30-day volume average = bearish
Risk Level
SSI has a MODERATE-RISK level due to its risk percentage of 48.87%.
Foreign Fund Flow
SSI registered a Net Foreign Buying worth P2,196,980.00 as of October 11, 2018. On a 30-day trading period, SSI is on a Net Foreign Buying worth PHP70,273,309.00.
Top 10 Players’ Sentiment
Trading participants of SSI with a 100% Buying and Selling Activity as of Oct-11-2018 at 03:30 PM:
5 out of 41 participants or 12.20% of all participants registered a 100% BUYING activity
19 out of 41 participants or 46.34% of all participants registered a 100% SELLING activity
Top 10 Players’ Buying Average: 2.4538
Top 10 Players’ Selling Average: 2.4548
The psychological average price of the top 10 players as of Oct-11-2018 at 03:30 PM is from 2.4538 to 2.4548.
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