General Accident to more than double

November 6, 2025 by
General Accident Insurance Company and Beacon Insurance Company Limited, a Trinidad and Tobago based general Insurance company, announced their intention to complete a transaction to create a leading Caribbean insurer.

Paul Scott, Chairman of General Accident shake hand with Beacon’s, Gerald Hadeed after the signing of the acquisition agreement

The acquisition will push General Accident’s gross written premiums up to a projected sum in excess of J$32 billion annually, up from more than $11.4 billion last year.

General Accident’s parent, Musson (Jamaica) purchased 100% of Beacon in October. Beacon will subsequently become a subsidiary of General Accident, subject to additional regulatory approvals.

The acquisition will greatly expand General Accident’s presence in Trinidad and Barbados and allow it to enter new markets in Dominica, Grenada, St. Kitts, St. Lucia and St. Vincent, the report stated.
Beacon will continue to operate as an independent subsidiary of General Accident. The combined company intends to maintain both the Beacon and General Accident brands in Trinidad and Barbados.
Beacon reported insurance revenues of TT$505 million (J$12 billion) in 2023, the latest financial statements seen, with total assets of TT$788 million and shareholders’ equity of TT$192 million (J$4.6 billion). Profit reported by Beacon in 2023 was TT$11 million or J$264 million.
General Accident reported insurance revenues of $9.6 billion in the nine months to September this year, up from $8.3 billion for the same period in 2024. For the quarter ended September, $3.3 billion versus $2.9 billion in 2024, with profit after tax of $297 million for the nine months to September 2025 versus $216 million in the prior year. For the September quarter, profit was $122 million, up from $57 million in 2024. These results are before any claims, likely to come from the damage caused by the recent hurricane.

Beacon has offices and an Agency network that spans Trinidad & Tobago, Barbados, Grenada, St Lucia, St Vincent & The Grenadines, St Kitts & Nevis, and Dominica.
General Accident, will need to rationalize cost by reducing, where possible, areas of duplication within the expanded group. Savings will also come from better underwriting terms that will flow from a lager group and a wider geographic expanse and the ability to expand more rapidly into a much bigger group. IC Insider.com sees, General Accident’s current Barbados and Trinidad general insurance companies being absorbed into Beacon and thus reduce operating costs.

Filed Under: Breaking News, Buy Rated, Company News, Feature Stories, General Business News Tagged With: , ,

ICTOP10 Elite jumps 41%, Express 36%

October 27, 2025 by
The ICTOP10 returns after a break since the end of July, with Elite Diagnostic jumping sharply along with Express Catering and Consolidated Bakeries. A lot has happened since, with the Junior Market index slipping 1.3 percent to 3,464 points and the JSE Main Index climbed a B 5 percent over the same period. Six of the Junior Market ICTOP10 stocks posted solid gains ranging from 8 percent to 41 percent, one remained firm and three declined.

The Junior Market ICTOP10, Elite Diagnostic jumped 41 percent to $1.91, Consolidated Bakeries and Express Catering delivered gains of 36 percent to end at $1.70 and $3,65, respectively. Kintyre Holdings popped 30 percent to 30 cents, and Medical Disposables rallied 15 percent to end at  $1.72.
NCB Financial is the leading Main Market ICTOP10, rising stock, up a solid 31 percent as it closed the week at $41.40, up from $31.50 at the end of July. Guardian Holdings follows with a gain of 24 percent to $382, while VM Investments rose 17 percent to $2.31. TransJamaican Highway rose 15 percent to end the week at $4.24.
Dolla Financial lost ground and fell out, making space for Jetcon Corporation to enter the TOP 10. There were no changes to the Main Market ICTOP 10.
Indicators of potential gains for the market show, the average PE for the JSE Main Market ICTOP 10 is 5.8, well below the market average of 13.5 and shows 18 stocks, with the highest values accounting for 35 percent of the market, with PE ratios of 15 to 40. The average PE for half of the market with the highest values is 20.
The Junior Market TOP10 stands at 6, well below half the market’s average of 13, with 19 stocks representing 40 percent of the market having PEs ranging from 16 to 38, with an average of 20 and 18 for half of the market, with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best as well as newer companies that have not been tested over time. ICInsider.com ranks companies based on projected earnings for easy assessment in making investment decisions.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.
IC TOP10 stocks will likely deliver the best returns on or around May 2026 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Earning revisions are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, JSE Junior Market, JSE Main Market, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , ,

New low for ICTOP10 NCB, Kintyre dips 21%  

August 4, 2025 by
ICTOP10 returns after a brief break, with NCB Financial, dropping to a multi-year low of $29 during the past week but closed the period down 7 percent to $31.5, but, Margaritaville fell 20 percent in the Main Market ICTOP10, while Kintyre Holdings dropped 21 percent to 23 cents and Consolidated Bakeries fell 20 percent to $1.25 in the Junior Market ICTOP10.

The Junior Market ICTOP10 AMG Packaging climbed 15 percent to $2.58, with Dolla Financial rising 6 percent to $2.69, followed by Jetcon Corporation, with a fall of 19 percent down to $1.70 and Elite Diagnostic with a loss of 11 percent to end at $1.35.
The Main Market listed 138 Student Living rose 10 percent to $4, Margarittaville dropped 20 percent to $10.22 and QWI Investments dipped 6 percent to 73 cents.
AMG Packaging and Jetcon Corporation dropped out of the Junior Market ICITOP10, with Access Financial and Caribbean Cream replacing them. There were no changes to the Main Market ICTOP 10 nor the All JSE Markets ICTOP10.
The average PE for the JSE Main Market ICTOP 10 is 5.6, well below the market average of 13.6 and shows 15 stocks, with the highest values accounting for 29 percent of the market, with PE ratios of 15 to 43. The average PE for the market is 24 and 20 for the half with the highest values.
The Junior Market TOP10 stands at 4.6, well below half the market’s average of 13.8, with 20 stocks representing 42 percent of the market having PEs ranging from 15 to 42, with an average of 22 and 20 for half of the market, with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best as well as newer companies that have not been tested over time. ICInsider.com ranks companies based on projected earnings for easy assessment of companies in making investment decisions.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.
IC TOP10 stocks will likely deliver the best returns on or around May 2026 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Earning revisions are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Weekly winners top Trinidad Exchange

August 2, 2025 by
Winning stocks topped losers by a wide margin this past week, on Trinidad and Tobago Stock Exchange for the first time in several weeks, with the market ending with 10 stocks rising and just 4 declining, compared with the prior week, as 14 fell and 8 rose, with main market indices just inching higher.

Unilever tops winners this week on the TTSE

The biggest price changes for the week were Unilever Caribbean, up $1 to $14, followed by Medcorp, with a rise of 50 cents to $53 and Agostini gaining 50 cents to end at $67. Angostura Holdings gained 44 cents to $14.50 and CIBC Caribbean Bank rose 23 cents to $8.99.
Ansa McAl dropped 85 cents to close at $37.50, followed by Guardian Holdings with a loss of 50 cents to finish at $15.50.
At the week’s close, the average PE ratio of the market ended at 17.82, based on 2024 earnings and 12.05, based on 2025 estimated earnings, suggesting a 48 percent potential gain for stocks in 2025/26.
Stocks with the potential to gain 50 percent or more when the market comes back to life, include CIBC Caribbean Bank 165 percent, Guardian Holdings, 400 percent, Medcorp, 150 percent, Republic Holdings at 140 percent, First Citizens Bank 90 percent, Trinidad Cement with 270 percent, Eric Solis 200 percent and One Caribbean Media with 400 percent.
Investors should watch Massy Holdings, with a 50 percent potential gain, Prestige Holdings, which could gain 60 percent and Scotiabank with the potential of a 60 percent gain.

Filed Under: Buy Rated, Stock Market, Stocks to watch, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10’s NCB & MFS drop 17%  

July 12, 2025 by
The big news this week in the ICTOP10 is the 17 percent drop in the price of NCB Financial, to a multi year low of $34, to be the number two listing in the Main Market ICTOP10 and Access Financial jumping 12 percent to close at $19.20 and falling out of the Junior Market ICTOP10.

The Junior Market ICTOP10, Dolla Financial, closed 5 percent higher to $2.54, with MFS Partners dropping 17 percent to 38 cents, followed by Elite Diagnostic with a loss of 7 percent to end at $1.51, Consolidated Bakeries lost 5 percent to $1.51 and Caribbean Assurance Brokers declined by 5 percent to $1.99. Main Market stocks ended 138 Student Living falling 13 percent to $3.65 and Innovative Energy slipping 5 percent to $1.21. QWI Investments, up just 3 percent, was the biggest winner.
Despite climbing 17 percent during the week, Jetcon Corporation made it into the Junior Market ICITOP10 with an earnings forecast of 35 cents. Express Catering dropped out of the All JSE Markets ICTOP10 and is replaced by Consolidated Bakeries.
The average PE for the JSE Main Market ICTOP 10 is 5.6, well below the market average of 13.4 and shows 15 stocks with the highest values, accounting for 29 percent of the market, with PE ratios of 15 to 40. The average PE for the market is 24 and 20 for the half with the highest values.
The Junior Market TOP10 stands at 4.8, well below half the market’s average of 13.4, with 18 stocks representing 38 percent of the market having PEs ranging from 15 to 40, with an average of 22 and 19 for half of the market, with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best as well as newer companies that have not been tested over time. ICInsider.com ranks companies based on projected earnings for easy assessment of companies in making investment decisions.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Earnings revisions are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

 ICTOP10’s Medical Disposables climbs 14%

July 6, 2025 by
In the ICTOP10 this past week, no Main Market stock ended with a price movement of more than three percent. The Junior Market ICTOP10 ended with prices of just two declining, while Medical Disposables, the top performer, jumped 14 percent.

In the ICTOP10, MFS Partners rallied 10 percent to close at 46 cents, followed by Elite Diagnostic after gaining of 8 percent to finish at $1.62, Kintyre Holdings added 7 percent to end at 29 cents and Consolidated Bakeries rose 5 percent to $1.65. Dolla Financial declined by 5 percent to $2.41. There are no new companies in this week’s listings.
The average PE for the JSE Main Market ICTOP 10 is 5.9, well below the market average of 13.6. The Junior Market TOP10 stands at 6, well below half the market’s average of 14.5.
In the Main Market, ICTOP10, 15 stocks with the highest values account for 29 percent of the market, with PE ratios of 15 to 40. The average PE for the market is 24 and 20 for the half with the highest values.
In the Junior Market IC TOP10, 22 stocks representing 46 percent of the market have PEs ranging from 15 to 39, with an average of 21 and 20 for half of the market, with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best as well as newer companies that have not time tested. ICInsider.com ranks companies based on projected earnings for easy assessment in making investment decisions.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in the securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Purity jumps 54% back into ICTOP10

June 29, 2025 by
The Junior Market’s Consolidated Bakeries surged 54 percent during the week in recovering from a big fall in the prior week, with investors responding to the company returning to profit in the March quarter following a loss in the 2024 fiscal year.

The Junior Market ICTOP10 ended with 6 stocks rising and only one declining. The Main Market ICTOP 10 ended with four stocks rising and only one declining.
In the Main market, Margaritaville climbed 7 percent to $13.20, 138 Student Living, popped 6 percent to $4.27, followed by QWI Investments, up 4 percent to 78 cents and NCB Financial lost 7 percent to close at a 52 week low of $40.
In the Junior Market, Expres Catering rose 8 percent to $2.69, Dolla Financial rallied 3 percent to $2.55 and Kintyre Holdings, the only loser, shed 7 percent to end at 27 cents.
The Junior Market IC TOP10 saw two additions, following the updated earnings for Consolidated Bakeries, with the stock jumping 54 percent during the week. This follows the first quarter results that resulted in updated earnings of 30 cents per share for 2025 and Medical Disposables makes it with updated projection of 45 cents per share, following B revenue growth and profits in the March quarter. Image Plus and Cargo Handlers dropped out of the Junior Market list. There are no new listings in the Main and the All JSE ICTOP10 for the week.
The average PE for the JSE Main Market ICTOP 10 is just 5.8, well below the market average of 13.6. The Junior Market TOP10 stands at 5, well below half the market’s average of 13.9.
In the Main Market, ICTOP10, 15 stocks with the highest values account for 29 percent of the market, with PE ratios of 15 to 43. The average PE for the market is 24 and 20 for the half with the highest values.
In the Junior Market IC TOP10, 22 stocks representing 46 percent of the market have PEs ranging from 15 to 39, with an average of 21 and 20 for half of the market, with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best as well as newer companies that have not time tested.  ICInsider.com ranks companies based on projected earnings, for easy assessment of companies in making investment decisions.
IC TOP10 stocks will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

 Bank stocks plunged in the week on T&TSE

June 28, 2025 by
All the banking stocks suffered big decline on the Trinidad and Tobago Stock Exchange this week, with First Citizens Bank dropping $1 to $42.50, Scotiabank falling by 90 cents to $51.60,  CIBC Caribbean Bank declining by 70 cents to $8.30, Republic Holdings down 45 cents to $112.05 and Ansa Merchant Bank losing 39 cents to $39. The only other declining stock of note is One Caribbean Media, down 40 cents to $2.60.

At the end of trading, prices of 8 stocks rose compared with 9 in the previous week and 11 fell, up from 6 last week, resulting in the Composite index losing 4.81 points or 0.47 percent, the All T&T index ending the week flat and the Cross-Listed index slipping 1.39 points or 1.88 percent.
Ansa McAl recovered the $4 lost in the previous week, to close at $44, Agostini climbed $1 to $66, Calypso Micro Index Fund gained $1 to finish at $24, Prestige Holdings, which jumped $1.35 last week, gained 70 cents to close the past week at $13.
At the week’s close, the average PE ratio of the market ended at 18.93, based on 2024 earnings and 12.66, based on 2025 estimated earnings, suggesting a 50 percent potential gain for stocks in 2025/26.

Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise 190 percent, the severely undervalued Guardian Holdings, a 375 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 85 percent, Trinidad Cement with 250 percent, Eric Solis with a 190 percent potential gain and One Caribbean Media with 345 percent.
Investors should watch Massy Holdings, with a 50 percent potential gain, Prestige Holdings, which could gain 68 percent and Scotiabank with the potential of a 50 percent gain.

Filed Under: Buy Rated, Stock Market, Stocks to watch, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10 weekly winner jumps 25%

June 21, 2025 by
The Junior Market’s Elite Diagnostic surged 25 percent in the week to close at $1.50, but MFS Partners fell 21 percent to 42 cents, after six stocks rose in the Junior Market and four fell, in a week when the market traded at a 4 year low, going back to May 2021

The Main Market TOP10 ended with only one losing stock, with 138 Student Living, the biggest winner rising 9 percent, followed by Caribbean Producers, up 6 percent to land at $8.02, QWI Investments and NCB Financial both gained 4 percent, while Scotia Group lost 4 percent.
In the Junior Market, AMG Packaging rose 10 percent to $2.30, Kintyre Holdings rallied 7 percent to 29 cents, Access Financial popped 7 percent to $16.68 and Dolla Financial was up 6 percent to $2.48. Expres Catering fell 8 percent to $2.50 and Cargo Handlers declined by 6 percent to $9.75.

There are no new listings in the Main and Junior Market IC TOP10 and the All JSE ICTOP10 for the week.
The average PE for the JSE Main Market ICTOP 10 is just 5.8, well below the market average of 13.5. The Junior Market TOP10 stands at 5.9, less than half the market’s average of 14.1.
In the Main Market, ICTOP10, 16 stocks with the highest values, account for 31 percent of the Main Market, with PE ratios between 15 and 43, with an average of 23 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 21 stocks or 44 percent of the market have PEs ranging from 15 to 38, with an average of 21 and a PE of 21 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not as fancy. Sometimes, weaker companies may be oversold and end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued companies and reduce emotions when making investment decisions.

IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Declines for ICTOP10 stocks

June 17, 2025 by
The Main Market’s Margaritaville jumped 17 percent this past week to close at $12.36 after falling 25 percent in the previous week. All other ICTOP10 stocks declined or closed relatively stable.

At the close of the week, the Main Market TOP10, Caribbean Producers declined by 11 percent to $8.02, Guardian Holdings lost 10 percent to end at $318 and VVM Investments declined by 7 percent to $2. In the Junior Market, Kintyre Holdings fell 10 percent to 27 cents, Access financials dropped 8 percent to $15.51, Limners & Bards lost 6 percent to $1.15, Image Plus declined by 5 percent to 95 cents and Elite Diagnostic slipped 4 percent to $1.20. In the All JSE ICTOP10 listings, Caribbean Producers replaced 138 Student Living.
Limners & Bards fell out of the IC Junior Market TOP10 and is replaced by Cargo Handlers.
The average PE for the JSE Main Market ICTOP 10 is just 5.6, well below the market average of 13.4. The Junior Market TOP10 stands at 5.8, less than half the market’s average of 14.5.
In the Main Market, ICTOP10, 15 stocks with the highest values, account for 29 percent of the Main Market, with PE ratios between 15 and 41, with an average of 24 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 20 stocks or 42 percent of the market have PEs ranging from 15 to 39, with an average of 22 and a PE of 22 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not as fancy. Sometimes, weaker companies may be oversold and end up on the list.  ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued companies and reduce emotions when making investment decisions.
IC TOP10 stocks will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,