Buy Rated stock list grows

Monday, 19th August 2013 | The reporting season is now in full swing with June quarterly results rolling in almost every day.

Stock Watch | New to the Watch list is RJR as the company reported a strong turnaround from cost cutting and increased revenues in the June quarter to record a small profit. Look out for our post on their last quarter later this week.

Buy Rated | We have added First Citizens to the Buy Rated list since the IPO has been fully subscribed. Unfortunately investors will have to wait until 16th September before they can trade in the stock on the Trinidad Stock Market.

Also new to the Buy Rated list is General Accident, a Junior Market company. The company’s continued good quarterly results have made the stock undervalued when compared to other companies. We will post our report on the latest quarterly results shortly.

Buy Rated JMMB traded heavy volumes in Jamaica this past week and all shares on offer in the Trinidad market were snapped up in two days as the company posted very strong growth in profit for the first quarter to June. The stocks seems poised to move up in the coming week.

Caribbean Cement rallied sharply in the past week and looks as if it will go further in the coming week. The same applies to its parent Trinidad Cement that has shown 85% increase in value since July 1st with lots of potential based on the TTSE PE Ratio chart.

Better than a broker’s ‘buy’ recommendation, IC Insider has no vested interest in any stock transaction or conflict of interest. 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 use category ‘Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.