Access back is back in ICTOP10

Over the past two weeks, there are few changes in the IC TOP10 listings with Iron Rock Insurance replaced by Access Financial in the Junior Market, while there were no changes for the main market.
In the Junior Market, CAC 2000 surged 33 percent to $8 and Access Financial and dipped 6 percent to $22, Radio Jamaica fell 6 percent to $2.05, while Jamaica Broilers and Sygnus Credit Investments gained 4 percent.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.5, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.9, an important indicator of the level of undervaluation of the ICTOP10. The Junior Market is projected to rise by 245 percent and the Main Market TOP10 is projected to gain an average of 238 percent each, by May 2023.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks for investments 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, 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.


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