The Trinidad and Tobago Stock Exchange rallied for a second consecutive week with the All Trinidad Index closing 0.5 percent higher for the week and the Composite index popping 1.5 percent, with prices of 10 stocks rising and only 3 declining, compared with 7 rising and 9 declining last week.
The average PE ratio of the market, closed at 8.09, compared to 5.5 based on the current year’s earnings, with the difference graphically illustrating the market’s current undervalued level and by extension the upside potential ahead.
Winning stocks of note for the week are, Agostini’s regained the $1.75 lost last week to close at $68, Scotiabank climbed $1.52 to $57, Angostura regained the 81 cents lost last week to close at $14.85 and CIBC Caribbean rose 31 cents to $8.50. All other price movements were modest.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 190 percent, the undervalued Guardian Holdings, with a 440 percent potential, Republic Holdings at 160 percent, First Citizens Bank 115 percent, Massy Holdings now at 50 percent, following poor 2024 profit results, Trinidad Cement with 300 percent. Earnings for Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.
Investors should keep an eye on Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 230 percent.