FOOD was incorporated originally to engage in the business of tuna processing, canning, and exporting. In 2010, the company decided to diversify its product line and take advantage of its manufacturing expertise and global marketing channels to introduce new products.
Market Cap.: P1.50B
- FDCP Inc
- Prime Foods New Zealand Ltd
- Spence & Co Ltd.
- Akaroa Salmon New Zealand
- Big Glory Bay Salmon & Seafood Inc.
Sub-sector: Food, Beverage and Tobacco
- Revenues grew by 20.50 percent in the year 2017 versus 2016.
- Net Income for the year ended December 2017 hit USD 1.43 million.
Alliance Select Foods International Inc. (FOOD) had just concluded their Annual Stockholder’s Meeting on July 4, 2018 at the Philippine Stock Exchange auditorium. It was the first ASM conducted after the company returned to profitability last year.
The company recorded a net income of USD 1.43 million. Since 2011, the company has been incurring net losses after tax.
During the first quarter of 2018, the company experienced profitable operations as net income reached USD 1.30 million. This is a 935 percent increase over the same period last year. It was also the company’s highest Q1 record in 10 years.
Nonetheless, revenues significantly increased by 40.62 percent at USD 23.65 million versus the recorded USD 16.82 million.
Spence & Co. Ltd., Akaroa Salmon New Zealand, and its tuna subsidiaries in the Philippines greatly helped the performance of the company. FOOD attributed the turn around to management’s continued focus and hard work. Much of the company’s efforts revolve around people training, innovation, and financial restructuring.
Moreover, the company’s CEO verbalized that the challenge is to sustain this strong performance throughout the entire year.
FOOD is trading at its 2016 lows. It is trading inside a tight range between 0.56 to 0.65. The 15 EMA, 20 SMA, and 50 SMA are alternating between support and resistance.
Despite the stock rallying today, the volume is still relatively weak. MACD is neutral but is poised for a bullish crossover. RSI is also at neutral levels. Support is estimated at 0.56 while resistance is expected at 0.65.
As of July 6, 2018, at 03:30PM, the volume of FOOD is 16.93% of the previous trading day.
Remember the correlation between price and volume.
- bullish price + high volume = high sustainability (price)
- bullish price + low volume = low sustainability (price)
- bearish price + high volume = high sustainability (price)
- bearish price + low volume = low sustainability (price)
FOOD has a LOW RISK level due to its risk percentage of 33.26%.
Foreign Fund Flow
FOOD has a zero foreign fund flow as of July 06, 2018. On a 30-day trading period, FOOD is on a Net Foreign Selling worth PHP968,950.00.
Top 10 Players’ Sentiment
Trading participants of FOOD with a 100% Buying and Selling Activity from Jun-01-2018 to Jul-06-2018 at 03:30PM:
- 6 out of 36 participants or 16.67% of all participants registered a 100% BUYING activity
- 5 out of 36 participants or 13.89% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 0.5991
- Top 10 Players’ Selling Average: 0.6025
The psychological average price of the top 10 players from Jun-01-2018 to Jul-06-2018 is from 0.5991 to 0.6025.
What Is the Importance of Knowing the Top 10 Players’ Sentiment?
You need to know the psychological average price of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the buying average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know the selling average of the top 10 brokers who have traded a specific stock within a specific time period.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% buying activity.
You need to know how many brokers, out of all the brokers who have traded a specific stock within a specific time period, registered a 100% selling activity.
The buying and selling averages of the top 10 brokers are a sneak preview of the range of their collective average price.
If you know the psychological average price of the top 10 brokers who have traded a stock, you can calculate in your mind how much more can they probably afford to hold, relative to their collective risk tolerance, should the stock’s price go south.
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