{"id":329736,"date":"2024-10-01T22:00:05","date_gmt":"2024-10-01T14:00:05","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329736"},"modified":"2024-10-01T22:00:07","modified_gmt":"2024-10-01T14:00:07","slug":"trade-the-news-pizza-plans-us-expansion-with-incorporation-of-new-subsidiary","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-pizza-plans-us-expansion-with-incorporation-of-new-subsidiary\/","title":{"rendered":"Trade the News: PIZZA plans US expansion with incorporation of new subsidiary"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Shakey\u2019s Pizza Asia Ventures, Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>PIZZA<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 12.37<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Shakey\u2019s Pizza Asia Ventures, Inc. (PIZZA) is eyeing an expansion into the United States with the planned incorporation of a new subsidiary.<\/p>\n\n\n\n

In a regulatory filing on Monday, the company announced that its board had approved the incorporation of a fully owned subsidiary in the US, with its registration expected to be completed after 30 days.<\/p>\n\n\n\n

\u201cThe incorporated entity will be the group\u2019s platform in its expansion plans in the territory which will grow system-wide sales, revenues, and bottom line internationally via company-owned and franchised stores in the territory,\u201d SPAVI said.<\/p>\n\n\n\n

SPAVI said the new subsidiary will own and operate stores and franchises and will market the group\u2019s products and brands.<\/p>\n\n\n\n

The company did not provide further details on the new US subsidiary.<\/p>\n\n\n\n

SPAVI\u2019s brand portfolio consists of kiosk-based food brand Potato Corner, Peri-Peri Charcoal Chicken and Sauce Bar, Singaporean milk tea brand R&B Milk Tea, and artisanal brand Project Pie.<\/p>\n\n\n\n

The company recently opened the 2,000th store of its Potato Corner brand, located in SM Cebu.<\/p>\n\n\n\n

SPAVI acquired Potato Corner in 2022 to strengthen its brand portfolio. Potato Corner has a presence in 15 markets globally and has partnered with over 800 franchisees worldwide.<\/p>\n\n\n\n

Potato Corner recently entered the Malaysian market and has been expanding its presence in China.<\/p>\n\n\n\n

For the first half, SPAVI posted a 14% decline in its net income to P421 million from P489 million last year, citing inflationary challenges.<\/p>\n\n\n\n

System-wide sales increased by 14% to P10.1 billion, while operating expenses surged by 36% to P960 million.<\/p>\n\n\n\n

SPAVI has 2,351 networks and outlets across its brands as of the end of June.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329736","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329736"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329736\/revisions"}],"predecessor-version":[{"id":329738,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329736\/revisions\/329738"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}