Friday, 11th October 2013 | This past week was not a great one on the Jamaica Stock Market as the market dropped starting from the previous week’s Thursday until this past Thursday, only partially offset by a rally on Friday. The Trinidad Market held its own with a few days when advancing stocks out numbered declining ones by some margin.
JMMB and Grace Kennedy climbed 14 percent and 25 percent, respectfully, on the Trinidad & Tobago market while Sagicor Finance is up 7 percent and Scotia Investments up 4 percent since we placed them on the Buy Rated list.
Guardian Holdings is down by 8 percent and Neal & Massy by 4 percent and stand as the only two losers of the selected Buy Rated list for the Trinidad Market.
Things have not gone as well in the Jamaican market with 4 stocks showing double digit losses but the majority have held close to the selection price.
The Buy Rated list has a new stock for investors to consider on the T&TSE. Point Lisas Port Development has been added to based on profits so far this year, which suggest earnings of approximately 40 cents per share from operations and a current price of $3.77, could double in price.
Related posts | TTSE PE: Some stocks lose potential | Buy Rated: Some gains, some losses
The IC Insider’s Buy Rated seal of approval is given to a stock that we believe is a compelling buy with earnings that are strong relative to the price and strong prospects of generating high price gains within the next twelve months.
Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.
To find published reports for a Buy Rated stock on IC Insider, please choose the category ‘Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.
[…] today’s trading one such stock that has been languishing, Republic Bank, an IC Insider Buy Rated stock, gained 95 cents to return to a recent 52 weeks high to end the day at $111, but only 714 units […]