RA Williams gained 61 percent and slipped to the 5th position, on the Junior Market ICTOP10 this week. Fontana comes into the TOP10 at the expense of Iron Rock Insurance, with a gain of 15 percent to close out the week at $3.22, as the Junior Market of the Jamaica Stock Exchange closed the week, with less than a one percent slippage, with the market index declining just 15 points to 2,923.65 from 2,939.15 points at the close of the prior week. Several stocks beat the market movement.
The past week’s top performing Junior Market stocks include five on this ICInsider.com TOP10 list. Those on the list are RA Williams Distributors, Access Financial, Caribbean Assurance, Main Event and Omni Industries.
The top 10 winners. The top performer for the past week by a wide margin was R.A. Williams Distributors, which surged 61.54 percent to 63 cents, more than four times the next best gainer. Iron Rock Insurance followed, with a 15 percent gain and Access Financial Services up by 14.92 percent.
ICTOP10 forecast. The market has many stocks with potential for above-average growth over the next year, with Kintyre Holdings at the top, with potential to gain 1,000 percent, followed by Express Catering 500 percent, Caribbean Assurance Brokers 370 percent, Caribbean Cream 350 percent. R.A. Williams Distributors is still in Junior Market ICTOP10, at number 5 with a potential gain of 200 percent. See above chart for all ten stocks.
Rounding out the top five winners for the week are Main Event Entertainment, up 14.33 percent and Spur Tree Spices rallied by 13.28 percent. Indies Pharma popped 12 percent, Limners and Bards climbed by 7.84 percent, Omni Industries rose by 6.82 percent, Consolidated Bakeries ended with a gain of 6.3 percent and JFP 5 percent.
Downside, Everything Fresh posted the biggest decline, falling 15.15 percent, followed by ISP Finance Services slipping 15.03 percent, GWest Corporation fell 14.55 percent, MFS Capital Partners dropped 12.73 percent, while Elite Diagnostic slipped 10.59 percent and EduFocal 10.53 percent.
The rest of the TOP10 losers are: Paramount Trading and Derrimon Trading, declining 10 percent, followed by ice cream makers, Caribbean Cream down by 8.75 percent and Blue Power 8.57 percent.
Overall, the winning stocks are dominated by the standout mover, R.A. Williams Distributors. The rest of the gains were modest and broadly spread across insurance, financial services, entertainment, food, and pharmaceuticals. On the losering side, declines were fairly evenly clustered between 8.5 percent and 15.2 percent, with no single stock experiencing an outsized drop, spanning sectors such as retail, finance, healthcare and trading.
Several Junior Market stocks posted strong gains during the past week. Edufocal led with a 46.15 percent surge, followed by One Great Studio up 13.16 percent, and Iron Rock advancing 12 percent. Other notable winners included ONEonOne with a rise of 11.11 percent, MFS Capital Partners gaining 10 percent and IPCL advancing 8.7 percent.
Express Catering, not without some flaws, including excessive interest-free lending to its parent company, is expected to generate improved profits in the current fiscal year, with tourism traffic to the country gradually improving. RA Williams sits in the number 3 position as of Friday, with first quarter results showing a major turnaround and delivering a solid rise in revenues and profit; Caribbean Assurance Brokers and Caribbean Cream follow. Main Event makes the list based on the assumption of a recovery in operations in 2027.
Company results for Main Market listed companies continue to show encouraging outcomes for the year, auguring well for increased stock prices for the balance of the year, barring any negative developments in the economy that could derail the market.
What the company results are pointing to is the potential for more gains in the months ahead if current trends holds.
Express Catering will benefit from the recovery expected in the tourism sector in the coming months and is one worth acquiring at current low prices. Caribbean Cream put in an impressive first quarter, with the price around $2, the upside is great, with projected earnings of 55 cents per share and RA Williams has returned to profit making and should deliver attractive gains in the months ahead. Image Plus and MFS Capital have been expanding with acquisitions and or expansion of existing business lines.
The market’s average PE is 9.5, with the TOP 10 averaging a mere 4 times this year’s earnings, suggesting a healthy upside going forward. Jetcon Corporation’s performance follows a doubling in revenues in the first quarter, and a 560 percent jump in profits. The stock is not in the TOP 10 currently, with the solid gains year to date. With ICInsider.com’s forecast of earnings at 45 cents per share, the stock should nearly double from the current price of $3.35 in heading to the $6-7 level by year end.
“This strong performance was driven primarily by higher sales volumes, reflecting sustained demand in the domestic market associated with ongoing recovery activities following Hurricane Melissa,” management stated.
Kintyre Holdings declined from the last report to as low as 39 cents, but strong buying in the stock pushed it back up to 54 cents by the close of the week. The stock holds the number one position in the TOP10, with considerable room to run, according to ICInsider’s earnings this yearprojection of 20 cents per share.
With the above gains, the stock sits at the number two position in the TOP10 chart, with more room to run, with ICInsider’s projection of 20 cents per share for earnings this year.