Caribbean Assurance Brokers (CAB) surged a solid 60 percent at the close of the week, confirming ICInsider.com projections that placed it at the top of the ICTOP10 Junior Market list for the week. The stock which traded as high as $3.80 in the week, closed at $3.52 and still has much more to do, with ICInsider.com projecting earnings at 65 cents per share for this year.
Based on closing bids and offers for CAB, the price could pull back, with most buyers still trying to get stocks below $3. The first quarter results expected this week could change that, also expected are results for the majority of companies.
There are no new listings for the ICTOP10 Junior Market for the week but in the Main Market, Berger Paints returns to the ICTOP10, for the first time since August, last year, now with projected earnings of $1.60 for the current year following solid profit in the first quarter. The newly reported figures suggest that last year’s bad results may be behind it for now.
The stock jumped 45 percent in the week and ended with 13,461 units on offer at $7.23 with the rest at $11.50 and above, but it had weak buying interest at the close. Berger replaces Lasco Manufacturing which drops out of the TOP10, with a rise in price.
General Accident and Lasco Manufacturing jumped 8 percent to close at $6.99 and $5.47 respectively, in the Main Market IC TOP10, while Margaritaville rose 5 percent to $1 and Palace Amusement dropped 6 percent to $1.02. 
Junior Market ICTOP10 witnessed a 9 percent fall in tTech to close at $2.01, with Access Financial ending with a loss of 6 percent in closing at $19.85.
The average PE for the JSE Main Market ICTOP 10 stands at 5.2, well below the market average of 12.6 and the Junior Market TOP10 sits at 6.5, just over half of the market, with an average of 12.3.
The Main Market ICTOP10 is projected to gain an average of 290 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 217 percent over the same period.
In the Main Market ICTOP 10, a total of 15 of the most highly valued stocks representing 29 percent of the Main Market are priced at a PE of 15 to 91, with an average of 25 and 20 excluding the highest PE ratios, and a PE of 20 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, or 26 percent of the market, with PEs ranging from 15 to 43, averaging 20, well above the market’s average. 
The average PE in the top half of the market is 17, possibly the lowest fair value for stocks, currently.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings 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.
