RJR best performer in IC TOP 10

September 1, 2019 by

RJR traded at a new high on Friday.

Radio Jamaica (RJR) was the star performer this past week, with the stock rising to new 52 weeks’ high and traded as high as $2.58 on Friday. The stock moved up by 22 percent from $1.70 at the close of the previous week to close at $2.07.
RJR entered the TOP 10 main market stock at the start of February at 80 cents in the number 2 position since then it has risen 159 percent to be the second-best performer in the main market for the year to date. This past week’s gain reduced the potential gains from 194 percent last week to 142 percent now. Technical indicators point to the stock moving up much higher in the months ahead.
In the Junior Market IC Insider.com TOP 10, CAC 2000 rose to $16 to exit the TOP 10 and was replaced by Access Financial at the number 10 position but there are no changes to the Main Market TOP 10.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 244 percent, followed by Iron Rock with likely gains of 200 percent and General Accident with projected gains of 167 percent. Radio Jamaica with projected gains of 142 percent remains the leading the main market stock with the highest likely gains followed by Berger Paints with projected gains of 130 percent and Carreras 109 percent.
The main market closed the week with the overall PE of 18.8 and the Junior Market remains at 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10.5. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 44 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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.

This report is compiled by persons who may have an interest in the securities commented on.

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RJR/Gleaner charting new course

August 29, 2019 by

RJR/Gleaner launched TVJ International with 24 hours service in the Cayman Islands in August and two other Caribbean Countries are in line with other countries also showing interest in the service.
The launch of a new TV service is just one of a number of changes to the group’s services that the directors updated more than 160 shareholders attending the annual general meeting held at the Jamaica Pegasus Hotel in Kingston today. The vast majority of RJR shareholders in attendance continue to be representative of the older loyal RJR AM listeners.
Some of the several changes that the group is undertaking including merging of certain operations will lead to greater efficiency, reduced rental and personnel cost. Work is being carried out to expand RJR 94 in areas that currently have room for improved coverage that is expected will lead to greater listenership and ultimately increased revenues. A number of transmission sites were merged with existing ones in the past financial year, reducing rental expenses, electricity, repairs and maintenance.
A raft of changes within the group that are underway if successful, will result in major changes to the group and generate increased revenues and profit as well as a number of new revenue-generating services. The effect, the future will look markedly different than the past, with digital technology playing an increasing role in providing services and driving revenues not only locally but globally.
Shareholders were told that the main reasons for the loss of $22 million made for the year to March 2019 were due to losses in staging the FIFA World Cup in 2018 amounting to approximately $40 million and adjustments occasioned by adopting new accounting standards that accounted for $60 million in added cost. The group nevertheless recorded growth in revenues across all segments of the business, with TV revenues climbing 16 percent, audio mainly radio up 4 percent and print 4 percent.

RJR shareholders at the 2019 AGM at the Jamaica Pegasus

All companies within the group will be on one accounting platform that will allow for the completion of financial statements within five days of the month-end. The move will also result in reduced costs in maintaining accounting records.
The group saw a major turnaround in fortunes in the first quarter to June for the 2020 fiscal year, with profit of $24 million up from a loss of $70 million in 2018 although revenues from sales rose modestly to $1.36 billion from $1.35 billion but gross profit jumped to $700 million from $597 million. The improved position in the quarter over 2018 is due primarily, to losses incurred in staging the World Cup matches in 2018 that has no recurred in 2019 and good growth in regular revenues in the 2019 quarter. IC Insider.com forecast is for earnings of 25 cents per share for the current fiscal year and 35 cents for the 2021 fiscal year. RJR’s stock price started the year at 85 cents has gained 129 percent so far and closed trading at $1.95 the Jamaica Stock Exchange on Wednesday with a PE of 8 times current year’s earnings.

Filed Under: Buy Rated, Company News, Company Results Tagged With: , , , ,

More changes to IC TOP 10 BUY RATED

August 25, 2019 by

The past week, was a relatively quiet one for the IC Insider.com TOP 10 with far fewer changes than in the prior week with the markets seeming to be in a short-term consolidation phase with the release of the vast majority of the second quarter.
There are just two changes to the Junior Market list and none for the main market for this week but there are no changes to the Main Market TOP 10.
Jetcon Corporation climbed from $1.58 last week, to close at $2.50 while Caribbean Cream closed with the bid at $4.85, leading both out of the TOP 10 and letting Jamaican Teas with the price dropping to $5.61 from $6 and CAC 2000 with the price now at $15, down from $15.15 at the close of the previous week. The attractiveness of CAC 2000, is based on a strong recovery in the April quarter and the positive implications it has for the 2020 results. Jamaican Teas had good results for the nine months to June and the stock price has not yet fully discounted them.
General Accident was the second most attractive Junior Market stocks last week, hit a new record high of $6.24 on Friday and moved down to number 4 spot, with projected gains of 156 percent to March next year on top of the 73 percent rise for 2019 to date. Investors should not ignore the strong growth in revenues of 41 percent that is underway that has strong implications for increased profit and dividend income.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 244 percent, followed by Iron Rock with likely gains of 200 percent and Medical Disposables with projected gains of 170 percent.
Radio Jamaica with projected gains of 194 percent leads the main market followed by Carreras with projected gains of 128 percent and Berger Paints 121 percent.  Investors should start looking at 2020 that is just four months away for the companies that may be a bit pricey but are likely to generate above-average growth next year.
The main market closed the week with the overall PE of 16.6 down from 17 at the close of the previous week and the Junior Market remains at 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.3 and the main market PE is now 10.2. These levels, point to a strong upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

5 new IC TOP 10 BUY RATED

August 19, 2019 by

The past week, was fairly quiet for Jamaica Stock Exchange with earnings season for the second quarter just about ended.
In the process, both markets reached new highs before pulling back to close the week below the record highs achieved earlier. The market activity led to a number of changes to the TOP 10 list. Consolidated Bakeries reported disappointing results for the June Quarter from strong growth in revenues and resulted in a downgrade in projected earnings, the stock along with CAC2000 and Caribbean Flavours fell from the Junior Market TOP 10. General Accident reported strong revenues and profit increase for the June quarter and half-year, resulting in earnings upgrade to 80 cents per share for the year and putting it back in the TOP 10 along with Caribbean Cream and Lasco Financial that fell under $5 on Friday.
In the Main Market TOP 10, late bloomer, Sygnus Investments fell in price along with Seprod and return to the main market TOP 10, replacing by Pulse Investments and Palace Amusement.
The three most attractive Junior Market stocks are, Caribbean Producers with projected gains of 240 percent, followed General Accident with projected gains of 171 percent and by Iron Rock with likely gains of 167 percent.
Radio Jamaica with projected gains of 198 percent leads the main market followed by Berger Paints and Carreras with potential gains of 121 percent each.
The main market closed the week with the overall PE of 17 and the Junior Market inched higher to 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.1 and the main market PE is now 10 3. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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.

This report is compiled by persons who may have an interest in the securities commented on.

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NCB solid stock for the future

August 13, 2019 by

NCB Financial Group (NCB) produced net profit of $21.3 billion for the nine months to June 2019 with profit attributable to stockholders of $20.7 billion, a marginal increase of $87 million over 2018.
For the quarter to June, NCB reported $8.3 billion in profit attributable to shareholders inclusive of $2.3 billion resulting from the increased value of the near 30 percent interest NCB owned in Guardian (GHL) before acquiring majority shares, during the quarter. Results include the consolidation of two months of GHL’s income coupled with the gain from revaluing the shares that NCB held in GHL previously, as an associated company.
For the nine months ended June, net operating income rose 22 percent to $63 billion from $51.6 billion in the prior year while it increased 28 percent to $24.5 billion in the June quarter over 2018.
Banking and investment activities netted $55.8 billion, up 13 percent over the $49.4 billion for the comparative 2018 period and for the quarter the enlarged group produced $21 billion compared to $18 billion in 2018. A 14 percent growth in our loan portfolio helped in pushing net interest income to $32.4 billion or 27 percent over $25.4 million generated in 2018. For the quarter, net interest income grew to 30 percent to $12.4 billion.
Net fee and commission income rose from $4 billion in 2018 to $5 billion for the June quarter and from $11.7 billion to $13.4 billion for the nine months period. Gains on foreign exchange trading declined sharply from $11.4 billion to $8.7 billion for the nine months period and from $4.2 billion in 2018 to $2.8 billion for the June quarter.
The net result from insurance activities grew 218 percent over the prior year to $7.2 billion from $2.3 billion in the prior year nine months period. For the quarter, net income tripled the $1.15 billion in the 2018 June quarter to reach $3.4 billion in 2019. “One of our Jamaican life insurance subsidiaries benefitted from improved spread performance and changing mortality assumptions, resulting in a significant contribution to the net profit. The consolidation of GHL’s insurance activities contributed 45 percent of net insurance revenues reported for the third quarter,” the group directors reported in their commentary to shareholders.
Operating expenses including loan and securities losses accounted for $46 billion, an increase of $13 billion or 41 percent over the prior nine months in 2018. “The consolidation of GHL and an additional quarter of Clarien’s results in the current reporting period contributed to 43 percent of this increase,” the group reported.
Impairment losses on loans and securities increased by 166 percent to $3.65 billion from $2.46 in the nine months and from just $941 million in the June 2018 quarter to $1.7 billion in the 2019 period.
Total assets grew with the acquisition of majority shares in GHL to $1.6 trillion, an increase of $635 billion or 68 percent over the prior year. “The consolidation of GHL, net of adjustments, added $517 billion in assets to the Group’s portfolio. The Group’s loans and advances, net of provision for credit losses, stood at $412 billion, an increase of $50.5 billion or 14 percent over the prior year, attributable to strong growth in our Jamaican portfolio along with the consolidation of GHL’s $14.6 billion of loans and receivables” the NCB directors report stated.
Customer deposits reached $509 billion at the end of June, an increase of 10 percent or $45 billion over the prior year. Policyholders’ liabilities increased from $39 billion in June 2018 to $422 billion due to the consolidation of GHL. Investment Securities and Reverse Repurchase Agreements Investment securities, including pledged assets, and reverse repurchase agreements amounted to $780 billion. This portfolio grew by 106 percent or $400.6 billion over the prior year, primarily due to the consolidation of GHL’s portfolio valued at $369 billion. Stockholders’ equity amounted to $137 billion, a 10 percent or $12.8 billion increase over the prior year due primarily to an 18 percent increase in retained earnings.
Earnings per share for the quarter came in at $3.42 but that includes one-time income and expenses, ongoing earnings could be in the region of $3 per share or around $12 annually. For the nine months earnings per share reported was at $8.49. Going forward the growth in the loan portfolio is one of the most critical factors to look for in assessing prospects going forward, with the acquisition of the General Insurance portfolio this area is also very critical to growth in the future. There are areas of duplication in the operations of Guardian and NCB accordingly, investors can expect rationalization to come and with that reduced cost and likely more robust sourcing for new business. NCB stock that last traded on the Jamaica Stock Exchange at $220 is a good long term investment.
The Board of Directors declared an interim dividend of 90 cents per ordinary stock unit. The dividend is payable on August 27, to stockholders of record as on August 13.

Filed Under: Buy Rated, Company News, Company Results Tagged With: , , , ,

6 new Junior Market TOP 10 stocks

August 12, 2019 by

Carreras heads main market TOP10.

The Jamaica Stock Exchange continued to move higher during the week and ended at the high close at 3,600.97 resulting in six stocks migrating from the Junior Market TOP 10.
Prices for Caribbean Cream, Elite Diagnostic, Everything Fresh, General Accident, Lasco Financial and Lasco Manufacturing all rose and exited the TOP 10.
Consolidated Bakeries and Caribbean Flavours that slipped from the list in the previous week, return along with CAC2000, Express Catering, Jetcon Corporation and Main Event.
In the Main Market TOP 10, late bloomer, Sygnus Credit Investments traded ta new record high in the main market of $26 and moved out of the TOP 10 to be replaced by Pulse Investments that slipped out at the end of the previous week.
n the past week, the main market continued its record-breaking run, closing the week at 581,039.04 high on its way to over 800,000 points for the All Jamaica Index.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock Insurance with projected gains of 193 percent and Medical Disposables with possible gains of 186 percent.
Carreras’ earnings, were upgraded to 90 cents per share, following a 10 percent increase in revenues and 12 percent rise in profit, for the first quarter to June. The stock now leads the in the main market with potential gains of 126 percent followed by Berger Paints with projected gains of 121 percent followed and Stanley Motta with 95 percent by March next year.
The main market closed the week with the overall PE of 16.2 and the Junior Market inched higher to 12.4 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10 8. These levels, point to a big upside, for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 32 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 34 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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.

This report is compiled by persons who may have an interest in the securities commented on.

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Several IC TOP 10 changes

August 4, 2019 by

The Jamaica Stock Exchange saw new record highs for the main and Junior Market, with attention moving decisively in favour of the latter that lagged the main market for the greater part of the year.
Prices of Consolidated Bakeries and Caribbean Flavours rose, pushing them out of the Junior Market Top 10. They were replaced, by Caribbean Cream that closed the week, with the price down at $4.25 and Everything Fresh.
In the Main Market TOP 10, Victoria Mutual Investments jumped to a record high of $9, after the company reported 9 cents in earnings per share for the June quarter and 17 cents for the half-year, just below IC Insider.com forecast of 50 cents for the full year. The stock closed at a record high of $8.20 and exited the TOP 10. Pulse Investments climbed to close the week at $3.26 and fell from the top list. Earnings for Sterling Investments were revised downwards to 23 cents per share, resulting in it leaving the TOP 10. New entrants are Grace Kennedy, Proven Investments and Scotia Group.
In the past week, the main market continued its record-breaking run, closing the week at an all-time high on its way to over 800,000 points for the All Jamaica Index as momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered all of the 2019 losses and surpassing the previous all-time high of 3,436 points in September last year. Technical indicators point to the record be taken out soon and could happen this week with more results due. The market closed over 3,500 points for the first time in the past week.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock with projected gains of 196 percent and tTech with possible gains of 167 percent.
Berger Paints heads the main market with potential gains of 122 percent followed by Radio Jamaica with 122 percent and Palace Amusement in third spot and likely to gain 92 percent by March next year.
The main market closed the week with the overall PE at 16.4 and the Junior Market moved up from 11.4 last week to 12.3 as the market shifts from consolidation in the first half of the year to be bullish now. The PE ratio for Junior Market Top 10 stocks averages 8.3 versus 7.6 last week and the main market PE is now 10 4 compared to 9 at the start of last week. These levels, point to big gains for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 33 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Lab jumps IC TOP 10

July 28, 2019 by

Fresh from its recent successful IPO, shares of Limners and Bards (The Lab) were listed on the Junior Market on Friday.
Just 100 shares traded at $1.30 but the stock ended with the bid at $1.65 and it dropped out of the IC Junior Market TOP 10.
The Lab earnings for the current fiscal year to October is poised to be in the region of 13 cents per share. With the bid at $1.65, the PE is 12 with not many Junior Market stocks selling above this level. The bulls have now descended on the Junior Market and could well deliver a premium valuation for the company’s stock that will be scarce.
Lasco Manufacturing enters the Junior Market TOP 10 while Jamaica Broilers price dip to $32 and came into the Main Market TOP 10 at the expense of Seprod with the price rising from $46 last week to $48.40.
In the past week, the main market continues to hit new record highs, closing the week at an all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered all of the 2019 losses and more and is less than 100 points away from the all-time high of 3,436 points in September last year. Technical indicators point to the record be taken out soon and could happen this week with more results due.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock with projected gains of 208 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with potential gains of 156 percent followed by Sygnus Credit Investments with 137 percent and Berger Paints in third spot and likely to gain 132 percent by March next year.
The main market closed the week with the overall PE at 15.8 and the Junior Market moved up from 10.20 last week to 11.4 as the market recovered grounds lost in the first half of the year. The PE ratio for Junior Market Top 10 stocks averages 7.6 and the main market PE 9. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag by far, the values of the main market.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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.

This report is compiled by persons who may have an interest in the securities commented on.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

Investors push Fontana from IC TOP 10

July 21, 2019 by

Fontana traded at a record $9.

Fontana hits a record high of $9 during trading on Friday but pulled back to close at $7.41 still higher than the $6.07 it closed at the end of the prior week and pushing the stock out of the Top 10.
Caribbean Flavours replaced Fontana in the Junior Market top 10. In the main market, Palace Amusement with opening of the Sunshine Palace scheduled for late July or early August, is expected to add to revenues and profit, replaced Jamaica Broilers.
Limners and Bards (The Lab) with a successful IPO this past week, remains on the Junior Market TOP 10. Radio Jamaica came in for increased buying in the past week that pushed the price to a 52 weeks’ high of $1.40 but pulled back on Friday, as selling pushed the price down, to close at $1.24.
In the past week, the main market continues to hit new record highs, closing the week at a near all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered losses suffered in the first half of the month. The market is still consolidating, waiting for profit results to help move it higher as it is currently highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with potential gains of 240 percent, followed by Caribbean Producers with projected gains of 238 percent and tTech with possible gains of 214 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Sygnus Credit Investments with 167 percent and Palace Amusement in third spot with the potential to gain 162 percent by March next year.
The main market, closed the week with the overall PE at 15.2 and the Junior Market at 10.20. The PE ratio for Junior Market Top 10 stocks averages 7.1 and the main market PE 8.6. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 30 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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.

This report is compiled by persons who may have interest in the securities commented on.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Limners & Bards IC TOP 10 stock

July 15, 2019 by

Limners and Bards the latest IPO to hit the market, made it to the Junior Market TOP 10 with the potential to double in price, notwithstanding the critical information that is missing from the prospectus.
Jamaica Broilers returns to the main market list as Grace Kennedy graduated with a rise in the stock price. AMG Packaging released nine months results that showed 28 percent rise in pretax profit for the third quarter but that was not good enough. Earnings for the 2019/20 fiscal year, were downgraded to 20 cents per share. That level of earnings was not good enough to keep it in the TOP 10 list.
In the past week, the main market continues to hit new record highs, closing the week at another all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points.
The Junior Market is struggling, with few new company results out to help with upward move. Fontana and Elite Diagnostic two TOP 10 listings hit new record highs during the week with a few others hitting 52 weeks’ lows.
Junior Market stocks continue to struggle to get investors’ attention. With the market consolidating and the expectation of mostly positive results to the market is poised for a takeoff soon with the market highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with gains of 243 percent, followed by Caribbean Producers with projected gains of 233 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Radio Jamaica with expected gains of 173 percent and Sygnus Credit Investments in third spot with the potential to gain 154 percent by March next year.
The main market, closed the week with the overall PE at 15.6 and the Junior Market remains for the second week at 10. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 28 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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.

This report is compiled by persons who may have interest in the securities commented on.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , ,