Market activity ended on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 494 percent and the value surging 197 percent compared to Friday, after 18 securities traded compared to 21 on Friday, with three rising, five declining and ten remaining unchanged.
The Composite Index rose 6.05 points to 1,384.47, the All T&T Index rallied 11.71 points to close at 2,047.08 and the Cross-Listed Index remained at 94.55.
A total of 1,757,567 shares traded for $10,468,610 compared to 296,130 units at $3,521,737 on Friday.
An average of 97,643 units traded at $581,589 compared to 14,101 shares at $167,702 on Friday, with trading month to date averaging 66,909 units at $366,283 versus 58,684 units at $470,501. The average trade for May closed at 45,890 units at $370,328.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Ansa McAl rallied 90 cents in closing at $56.90, with 93 shares crossing the exchange, Ansa Merchant Bank remained at $43 with the trading of 114 stocks, Calypso Macro Investment Fund rose 5 cents to end at $19.30, with 50 units changing hands. CinemaOne ended unchanged at $4.54 after an exchange of 100 stock units, Clico Investment Fund lost 55 cents in finishing at $28.25 after an exchange of 2,580 units, First Citizens Group finished at $50, with 528 shares crossing the market. 
FirstCaribbean International Bank ended unchanged at $5 with the swapping of 3,030 stock units, Guardian Holdings declined 9 cents in closing at $27.31, with 2,000 stocks clearing the market, JMMB Group remained at $2.30 in an exchange of 60,850 stocks. Massy Holdings gained 3 cents to close at $5.20 after trading 1,609,141 stock units, National Flour Mills finished at $1.75, with 2,190 units changing hands, One Caribbean Media remained at $4.15 while exchanging 4,136 shares. Republic Financial Holdings ended at $141 after trading 2,150 stock units, Scotiabank ended at $78 in switching ownership of 13,725 units, Trinidad & Tobago NGL shed 60 cents to end at $20.90 in trading 5,346 shares. Trinidad Cement dropped 28 cents in closing at $3.60 after 40,000 stocks changed hands, Unilever Caribbean fell $1.23 to a 52 weeks’ low of $12.75 with an exchange of 11,474 stock units and West Indian Tobacco ended unchanged at $23.35 after 60 stocks passed through the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for June 2022
Stocks record gains for Trinidad market
Juniors fall JSE Main Market rises
Access Financial was one of the standout performers in trading on Monday with a jump of $3.50 following the release of full year results showing a profit after taxing climbing 65 percent to $438 million as investors warmed to the news, but the move had little impact on the overall Junior Market that slipped in value at the close. But Main Market stocks inched higher at the finish.
Access Financial Services head office.
At the same time, recently listed Dolla Financial continued to trade above average volumes for Junior Market stocks, with 6.9 million shares accounting for 41 percent of Junior Market trading on Monday, but the price eased just a few cents at the close.
The market closed with the JSE Combined Index adding 826.79 points to close at 396,711.44, while the All Jamaican Composite Index climbed 1,833.85 points to end at 437,818.37, the JSE Main Index climbed 1338.41 points to 382,525.24, the Junior Market index lost 47.28 points in closing at 4,342.19 and the JSE USD market index lost 1.68 points to close at 217.99.
Investors exchanged 31,176,437 shares in all markets, with the value of stocks traded in the Main and Junior Markets ending at $134.1 million and in the JSE USD market, US$9,897.
The market’s PE ratio ended at 23.3 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need measures and pertinent information to navigate many investment choices in the local stock market successfully. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Improved tourist arrivals boost CPJ earnings
Caribbean Producers transformed itself following the pressures posed by the closure of the hotel sector it primarily serves in 2020 and the relatively prolonged period taken to get back to normal levels.
Caribbean Producers
Notably, revenues are rising again and delivering record profits even for a period when tourism numbers were 28 percent down for the March 2022 quarter from 2019. The June quarter could see 30 percent higher arrivals than the March quarter resulting in more revenues for the June quarter compared with that for the March quarter.
The above data portends more positive revenue growth for the coming fiscal year that starts in July. There will be a significant revenue hike in the first three quarters of the 2023 fiscal year, compared to the current fiscal year, with the tourism sector back to normal as indicated by preliminary June quarter arrivals. There should also be improved performance in the June quarter of 2023 compared to 2022, which enjoyed much recovery but was still not at full capacity.
According to Mark Hart and Tom Tyler, directors of the company, “the group remains optimistic for the fourth quarter of the financial year due to strong hotel bookings reported by our customers.”
The group is diversifying their revenue stream, making more investments in stores and adding new product lines for local consumption.
Revenues for the March quarter surged 123 percent to US$28.36 million over 2021 with just $12.7 million with the nine months to March delivering revenues of $86.44 million, up 133 percent above the $37.11 million generated in 2021. Interest and other income generated $89,700 for the quarter, down from $182,000 in 2021 and $652,000 for the nine months to date, up 93 percent over 339,000 in 2021. Profit margin slipped to 31 percent in the quarter but rose to 32 percent for the year to date, with gross profit of $8.9 million from $3.5 million in 2021 and $27.6 million for the nine months to March versus $9.9 million in 2021.
Depreciation cost was steady at just over 1 million for the quarter in both years and $3.2 million for the year to date but Administrative and selling expenses jumped 63 percent in the quarter to $5.2 million from $3.19 million in 2021 and rose 57 percent to $14.7 million for the nine months from $9.4 million in 2021. Finance cost rose 80 percent to $794,810 from $441,626 for the quarter and 71 percent to $2,290,676 from $1,336,016 for the nine months.
Gross cash flow brought in $10.2 million, but growth in receivables, inventories and addition to fixed assets resulted in outflows of $2.4 million, but net loan inflows amounting to $2.4 million resulted in a slight dip in cash funds on hand at the end of the quarter. At the end of March, Current assets amounted to $53.5 million, including Inventories of $30 million, receivables of $19.3 million and cash and bank balances of $4.2million. Current liabilities ended at $25.3 million, resulting in net current assets of $28.2 million. Heavy debt is a major concern at US$43 million in borrowings with equity of just $22 million.
Earnings per share came out at 0.14 of one US cent for the quarter and 0.62 of a US cent for the nine months. IC Insider.com forecasts J$1.65 per share for the fiscal year ending June 2022, with a PE of 8.55 times the current year’s earnings based on the price of $14.11, the stock traded on the Jamaica Stock Exchange Main Market and EPS of $2.60 for 2023 with a PE of a mere 5.4 and putting the stock price in the $50 range by 2023. Net asset value is $3.14, with the stock selling at 3.5 times book value.
All currency is the US dollar unless otherwise stated.
Tourism arrivals 95% of 2019 for Jamaica
The Jamaica Tourist Board’s last release of tourism arrivals to the country is for March this year, nearly three months away, unacceptable for one of the country’s leading industries.
Tourism arrivals in April & May down just 5% on 2019
Data for March from the Jamaica Tourist Board shows the county welcomed 215,789 stopover visitors, some 29 percent less than March 2019. The Tourist Board is yet to release April numbers, but data out of Sangster International Airport suggests that arrivals in April exceeded those for March, to be the best month for the year to date. Indications are that tourist arrivals could be off by just 5 percent from 2019, the year before the closure of the sector back in 2020. Similarly, data indicate arrivals through the Montego Bay airport in May are 9 percent less than in April, some 5 percent lower than in May 2019.
The April and May figures mark a major about turn for the sector. January saw 131,730 stopover arrivals, down 45 percent from the 216,509 they came in 2019 the JTB data shows, with 162,882 arrivals for February, down 36 percent from the 220,046 in 2019.
Big gains for ICTOP10 stocks
CAC2000 and AMG Packaging each gained 21 percent this past week, on top of the 10 percent gain in the previous week, while Medical Disposables rose 19 percent and Caribbean Cream and Jetcon Corporation added 10 percent to their price in the Junior Market ICInsidert TOP10.
Former Top10 listed Dolla Financial gained 17.7 percent to close the week at $2.75 after the stock traded as high as $3.60 on Tuesday.
The week ended with one new listing in the TOP10 as the gains by AMG Packaging pushed it out of the Top 10 and is replaced by General Accident, with a fall in the price to $5.79. Elite Diagnostic fell 6 percent to close the week at $3.32 and Lasco Distributors lost 4 percent to close at $3.20.
In the TOP10 Main Market, Berger Paints climbed 11 percent to $12.18 after trading more than 52,000 shares on Thursday and Friday, an unusual amount and Sygnus Credit Investments rose 5 percent to $14.95 while Caribbean Cement lost 8 percent to $64.50 and VM Investments gained 4 percent. There were no significant losers in this market.
Keep a careful watch on Dolphin Cove and Stationery and Office Supplies (SOS) that are close to the top10 and are undervalued. Both companies reported solid gains for 2022 back to school demand. The company also shipped a container of goods recently to the Eastern Caribbean. 
Dolphin Cove is benefitting from cost reduction in its operations, but more importantly, the solid first quarter results occurred when tourism arrivals were only 63 percent of 2019 numbers. In the first two months of the June quarter, tourist arrivals are 95 percent of the 2019 period and this is bound to have a positive impact on pushing the second quarter numbers much higher than for the first quarter as well as for the balance of the year. A similar situation would apply to Caribbean Producers, a significant supplier to the hotel sector.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.5, while the Junior Market PE for the Top 10 is 6.1 versus the market at 13. The Junior Market TOP10 is projected to gain an average of 230 percent by May 2023 and the Main Market 238 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
JSE USD market record gains
Trading on Friday closed with the volume of stocks, traded dropping 69 percent from Thursday even as the value surged 104 percent higher, at the close of the Jamaica Stock Exchange US dollar market, resulting in six securities trading, versus seven on Thursday with three rising, two declining and one ending unchanged.
Overall, 73,292 shares traded for US$15,839 compared to 234,994 units at US$7,758 on Thursday. Trading averaged 12,215 units at US$2,640, versus 33,571 shares at US$1,108 on Thursday, with a month to date average of 74,953 shares for US$9,263 versus 78,039 units at US$9,589 on the previous day. May averaged 47,916 units for US$3,528.
The JSE US Denominated Equities Index gained 3.77 points to end at 219.67. The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Investor’s Choice bid-offer indicator shows two ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share dropped 0.04 of one cent to 7.45 US cents trading 265 shares, 
Proven Investments gained 0.96 of a cent to close at 26 US cents in an exchange of 58,664 stocks, Sygnus Credit Investments USD share shed 0.03 of a cent in closing at 12.91 US cents after exchanging 784 units. Sygnus Real Estate Finance USD share finished at 11.5 US cents, with 900 stock units crossing the market and Transjamaican Highway rose 0.06 of a cent to close at 0.99 of one US cent in trading 12,440 stock units.
In the preference segment, JMMB Group 6% popped 4 cents to close at US$1.05 after the trading of 239 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolla domination
Dolla Financial continues to dominate trading on the Jamaica Stock Exchange Junior Market Friday, accounting for 62 percent of the day’s trades with declining volume that resulting in a 38 percent decline in total stocks traded, carrying a 58 percent lower value than on Thursday, but the market closed with a rise in the index as declining stocks outnumbered those rising.
A total of 43 securities traded versus 44 on Thursday, with 16 rising, 20 declining and seven closing unchanged. At the close, the Junior Market Index advanced 25.58 points to settle at 4,389.47.
The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 19,072,409 shares traded for $61,479,940 versus 30,558,564 units at $148,120,277 on Thursday. Trading averaged 443,544 shares at $1,429,766 in contrast to 694,513 shares at $3,366,370 on Thursday, with the month to date, averaging 446,682 units at $1,716,274, mirroring the 446,876 units at $1,733,899 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Dolla Financial led trading with 11.84 million shares for 62.1 percent of total volume, followed by Mailpac Group with 1.39 million units for 7.3 percent of the day’s trade and iCreate with 872,026 units for 4.6 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial dropped $1.49 to end at $20, trading 1,357 shares, AMG Packaging gained 28 cents in closing at $4.78 after 23,251 stock units changed hands, Blue Power increased 20 cents to $3.55, with 1,111 units crossing the market. Cargo Handlers climbed 40 cents in ending at $12.90, with just 21 stocks crossing the market, Caribbean Cream rose 75 cents to close at $5.50 with an exchange of 38,550 stock units, Consolidated Bakeries fell 7 cents to end at $1.29 in an exchange of 98,456 stocks. Dolla Financial shed 15 cents to close at $2.75 with the swapping of 11,838,670 units, Dolphin Cove popped 13 cents to $17.20, with 57,199 shares clearing the market, Elite Diagnostic slipped 13 cents to $3.32 with an exchange of 119,758 units. Fosrich declined 15 cents in closing at $32.20 after exchanging 112,531 stocks, GWest Corporation rallied 20 cents to $1.20 with 94,499 stock units changing hands, ISP Finance advanced $2 in closing at $22.50 after trading a mere 25 shares. Jamaican Teas shed 11 cents to close at $3.26 in switching ownership of 463,492 stocks, JFP Limited increased 9 cents in ending at $1.54 with 521,484 shares changing hands, Lasco Manufacturing fell 8 cents to end at $4.87 in exchanging 77,853 units. 
Limners and Bards declined 10 cents in ending at $2.80 while exchanging 42,534 stock units, Lumber Depot gained 10 cents to end at $3.20 in trading 249,442 stock units, Mailpac Group climbed 21 cents in closing at $2.85, with 1,391,162 shares crossing the exchange. Main Event lost $1.01 to close at $7 with 25,488 stocks clearing the market, Medical Disposables rose 18 cents to $7.44 after trading at 600 units, SSL Venture dropped 20 cents in closing at $3.50 after an exchange of 747,970 stock units and tTech declined 55 cents to close at $3.20 in switching ownership of 11,600 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Flat trading for JSE Main Market on Friday
Trading on Jamaica Stock Exchange Main Market was flat on Friday, with the volume and value of stocks traded marginally greater than on Thursday as rising stocks exceeded those declining by a substantial margin.
Overall, 16,870,075 shares were traded for $147,178,606 versus 16,705,305 units at $146,234,623 on Thursday. Trading averages 306,729 units at $2,675,975, compared to 327,555 shares at $2,867,346 on Thursday and month to date, an average of 266,483 units at $3,818,210, compared to 264,077 units at $3,886,496 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
The All Jamaican Composite Index dropped 3,281.68 points to settle at 435,984.51, the JSE Main Index fell 2,163.80 points to 381,186.83 and the JSE Financial Index dropped 0.60 points to settle at 91.28.
Trading ended with 55 securities compared to 51 on Thursday, with 28 rising, 19 declining and eight ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Ciboney Group led trading with 3.67 million shares for 21.8 percent of total volume, followed by Sagicor Select Financial Fund with 2.53 million units for 15 percent of the day’s trade, Transjamaican Highway ended with 2.1 million units for 12.4 percent of market share, Wigton Windfarm closed with 1.83 million units for 10.8 percent market share, QWI Investments with 1.33 million units for 7.9 percent market share and Mayberry Investments with 1.03 million units for 6.1 percent market share.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Barita Investments lost 31 cents in ending at $86.50 after exchanging 20,559 shares, Berger Paints climbed $1.18 to $12.18 in switching ownership of 17,378 stocks, Caribbean Cement dropped 25 cents to end at $66.85 in an exchange of 76,927 units. Carreras gained 33 cents in closing at $9.83 after trading 53,433 stock units, Eppley rallied $1 to close at $41 after exchanging 201 units, First Rock Capital shed $1.25 to close at $12 with an exchange of 100,516 stocks. GraceKennedy rose $1.53 in closing at $103.53, with 8,169 shares crossing the market, Jamaica Broilers popped 30 cents to close at $26.80 after 23,935 stock units crossed the exchange, Jamaica Stock Exchange advanced 50 cents to end at $17.50 while exchanging 1,096 stock units. JMMB Group fell 50 cents, ending at $42 in an exchange of 657,734 units, Kingston Properties increased 40 ents to $8, trading 5,404 shares, Margaritaville declined $1.10 in ending at $21.50 after 52 stocks crossed the market. Massy Holdings rose 44 cents to close at $92 with 48,739 shares changing hands, Mayberry Jamaican Equities advanced 40 cents in closing at $13.40 with the swapping of 8,585 stock units, MPC Caribbean Clean Energy shed $10.45 to end at $96 with 195 units clearing the market. 138 Student Living popped 28 cents to $5.04 in trading 250 stocks, PanJam Investment lost $1 to close at $65, with 2,450 stocks changing hands, Portland JSX rallied 45 cents in ending at $11.95 after trading 35 units. Proven Investments dropped 42 cents to $37.58 while exchanging 3,087 shares, Sagicor Group declined $1.99 to end at $55, with 783,855 stock units clearing the market, Salada Foods fell 26 cents to close at $5.44 after 7,193 stocks crossed the market. Scotia Group fell 56 cents in ending at $37.31 in trading 65,690 shares, Seprod lost 50 cents to end at $71 in an exchange of 7,018 stock units, Supreme Ventures increased 95 cents in closing at $30.95 with the swapping of 611,885 units. 
Sygnus Credit Investments gained 75 cents to $14.95, with 39,084 stocks changing hands and Wisynco Group climbed 75 cents to close at $19.75 after trading 351,342 units.
In the preference segment, JMMB Group 7% preference share gained 28 cents to $2.16, with 2,299 shares crossing the market. JMMB Group 7.25% preference share climbed 40 cents to $2.68 in switching ownership of 76 stock units, JMMB Group 7.25% due 2024 preference share rallied 30 cents in closing at $2 in exchanging 120,000 units and 138 Student Living s preference share increased $3.75 in ending at $20.75 with an exchange of 63 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Trinidad Stock Exchange
Trading on the Trinidad and Tobago Stock Exchange ended on Friday, with the volume of stocks traded rising 133 percent, with 23.00 percent greater value than on Thursday, leading to 21 securities trading against 19 on Thursday, with eight stocks rising, four declining and nine ending unchanged.
The Composite Index fell 0.26 points to 1,378.42, the All T&T Index shed 6.36 points to 2,035.37 and the Cross-Listed Index popped 0.88 points to 94.55.
A total of 296,130 shares traded for $3,521,737 compared to 126,861 units at $2,857,983 on Thursday. An average of 14,101 units traded at $167,702 compared to 6,677 shares at $150,420 on Thursday, with trading month to date averaging 54,631 units at $464,252 versus 57,478 units at $485,080. The average trade for May amounts to 45,890 units at $370,328.
Investor’s Choice bid-offer indicator shows two ending with a bid higher than their last selling prices and none with a lower offer.
At the close, Agostini’s dropped 70 cents to end at $46.50 in trading 233 shares, CinemaOne gained 59 cents to close at a 52 weeks’ high of $4.54, with 827 stocks clearing the market, Clico Investment Fund ended at $28.80 with the swapping of 130 units. First Citizens Group shed 1 cent to end at $50 in exchanging 1,033 stock units, FirstCaribbean International Bank remained at $5 in an exchange of 26,000 shares, GraceKennedy climbed 29 cents to $5.79 after exchanging 286 units. Guardian Holdings rallied 9 cents to $27.40, with 15,505 stocks crossing the market, JMMB Group finished at $2.30, trading 700 stock units, L.J. Williams B share remained at $2.08 after the trading of 7 shares. 
Massy Holdings lost 2 cents to close at $5.17 while exchanging 204,824 stock units, National Enterprises finished at $3.24, exchanging 35 units, National Flour Mills ended at $1.75 after 500 stocks changed hands. One Caribbean Media advanced 5 cents to $4.15, with 357 stock units crossing the exchange, Point Lisas remained at $3.40 with 75 stocks changing hands, Prestige Holdings popped 24 cents to $6.95 with an exchange of 5 units. Republic Financial Holdings ended at $141 in switching ownership of 100 shares, Scotiabank rose $1 to $78 after an exchange of 16,420 shares, Trinidad & Tobago NGL climbed 65 cents to $21.50 with the swapping of 27,073 stock units. Trinidad Cement finished at $3.88 after exchanging 75 units, Unilever Caribbean rose $1.23 in closing at $13.98 with an exchange of 1,099 stocks and West Indian Tobacco fell 5 cents to close at $23.35 with 846 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolla may be close to a bottom
Dolla Financial traded 11.8 million shares accounting for 62 percent of Junior Market trading on Friday against 12 million changing hands on Thursday, with the price slipping from $2.90 on Thursday to close at $2.72 still higher than the $2.32 closing last week but 24 percent from the peak of $3.60.
The JSE Combined Index fell 1,793,60 points to close at 395,884.64 while the All Jamaican Composite Index lost 3,281.67 points to end at 435,984.51, the JSE Main Index dropped 2,163.47 points to 381,186.83, the Junior Market index rose 25.57 points to 4,389.47 and the JSE USD market index climbed 3.76 points to close at 219.67.
Investors exchanged 36,015,776 shares in all markets, with the value of trading in the Main and Junior Markets amounting to $208.7 million and in the JSE USD market, US$15,839.
The market’s PE ratio ended at 24.1 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate many investment choices, in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart includes all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
