Carreras & Medical Disposable lead TOP 10

The past week saw significant fluctuations in prices of several stocks, leading to notable declines in the market indices of the Junior and Main Market and resulting in some changes in the TOP 10 stocks.
The Junior Market lost General Accident and Lasco Distributors and welcomed back Jetcon Corporation and Dolphin Cove. In the JSE Main Market, the price of NCB Financial fell to $190, with the stock edging out Pulse Investments in the process.
The JSE Main Market ended the week, with an overall PE of 21.1 and the Junior Market 14.2, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 9.2 with the Main Market at 11.1.
The targeted average PE ratio is 25, with several stocks trading at that level or just under, in 22 times region, currently. The TOP 10 shares now trade at a discount of 35 percent of the average for Junior Market and Main Market stocks trade at a discount of 47 percent to the overall market.
The average projected gain for the IC TOP 10 stocks is 177 percent for the Junior Market and 129 percent for the JSE Main Market, based mostly on 2019 earnings.
The top three Junior Market stocks are Medical Disposables with projected gains of 257 percent, followed by Main Event with 232 percent and Jamaican Teas is in the third spot with 187 percent likely capital gain, with the price pulling back from $7.40 at the start of the week to $6.98 at the close. During the week, Jamaican Teas announced a three for one stock split, subject to approval by shareholders.
During the week, Sygnus Credit Investments US dollar-based stock that surged to number one spot on the Jamaican Stock Exchange Main Market at the end of the prior week climbed to 18 US cents and moved to the sixth position. Carreras now leads the TOP 10 Main Market stocks with projected gains with 176 percent, followed by Radio Jamaica in the number two spot, with 166 percent and Berger Paints with 152 percent.
IC TOP 10 stocks are likely to deliver the best returns to March this year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The stocks are ranked in the order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

Persons who compiled this report may have an interest in securities commented on.

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