Carib Producers now out of ICTOP10

March 17, 2025 by
In another week with investors’ attention split between the existing listings and two public stock issues on the market, the Main Market fell and the Junior Market rose marginally with the ICTOP10 ending with three stocks rising in the Junior Market listing while 5 declined. In the Main Market listing 5 stocks rose and three declined with Caribbean Producers falling from the All JSE ICTop10.

In the Junior Market ICTOP10, Dolphin Cove rebounded sharply from its recent fall, with a 9 percent climb during the week to $18.50 and AMG Packaging rose 4 percent to $2.90.
Kintyre Holdings fell 18 percent to 33 cents, Express Catering declined 10 percent to $2.60 and Dolla Financial lost 5 percent to close the week at $2.75.
In the Main Market ICTOP10, QWI Investments rose 6 percent to 82 cents and Jamaica Broilers popped 5 percent to $37, while VM Investments fell by 7 percent to close at $2.19.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Caribbean Producers falling out and replaced by another Montego Bay company, Express Catering.
There is one change to the Junior Market ICTOP10 and none in Main Market ICTOP10, with the Junior Market Iron Rock Insurance returning as Dolphin Cove drops out with the B recovery continuing for the stock price following the sharp fall two weeks ago.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.7, well below the market average of 15 and the Junior Market TOP10 stands at 7.6, more than half of the market, with an average of 13.9.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 251 percent by May 2025, providing better values than the Junior Market, that is projected to achieve a 189 percent increase for the same period.
In the Main Market ICTOP 10, there are 19 stocks with the highest values representing 37 percent of the Main Market, with PEs between 15 to 44, with an average of 21 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 13 stocks or 28 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 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 non-blue chip stocks and in some cases weaker companies that may be oversold and therefore end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.

IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. Revisions to earnings are ongoing, based on 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: , , , , , , , , , , , , , ,

Berger drops out of ICTOP10

March 10, 2025 by
Berger Paints dropped out of ICTOP10 this past week, with a gain of 2 percent, following the release of full year results that are lower than ICInsider.com’s forecast, but 2025 is poised to be better, as some costs fade away and revenue rises. The week reflects a market caught up with investors who have sold stocks to help fund two ordinary share offerings in a week when the main market had just one change and none for the Junior Market.

The week closed with prices of only 2 stocks rising and 7 declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with one winner and 5 losers.
In the Junior Market ICTOP10, Dolphin Cove rebounded sharply from its recent fall, with a 21 percent climb during the week to $17. Express Catering dropped 11 percent to $2.80, Access Financial declined by 6 percent to $16.60 and Elite Diagnostic fell 4 percent to $1.51.
In the Main Market ICTOP10, QWI Investments fell 8 percent to 77 cents while 138 Student Living, Jamaica Broilers and NCB Financial fell by 5 percent to close at $3.80, $35.40 and $45.35 respectively.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Berger Paints falling out and replaced by Caribbean Producers.
There is no change to the Junior Market ICTOP10 while Berger Paints dropped out of the Main Market ICTOP10 and was replaced by GraceKennedy after a long absence, with the company reporting earnings for 2024 that rose 8 percent to $8.43. The company’s new CEO Frank James seems bullish on earnings for 2025, he indicated that a look at the 2024 segment accounts shows“ the food segment which is by far the largest and most profitable segment of our business is growing profits at 22 percent, banking and investments at 26 percent in the insurance at 8 percent as you pointed out remittances where we lost some ground and as you also point out there are some external factors however as indicated in the stockholders report we have made significant investments in digital which will pay off in this area as such while 2024 had some exceptions we are in good in growth mode,” he concluded.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.7, well below the market average of 15.2 and the Junior Market TOP10 stands at 7.7, more than half of the market, with an average of 13.8.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 254 percent by May 2025, providing better values than the Junior Market, projected to achieve a 176 percent increase for the same period.
In the Main Market ICTOP 10, there are 19 stocks with the highest values representing 37 percent of the Main Market, with PEs between 15 to 43, with an average of 21 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 13 stocks or 27 percent of the market have PEs ranging from 15 to 31 with an average of 19 and a PE of 15 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always the case as some weaker companies may be oversold and therefore end up in the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. 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: , , , , , , , , , , , , , , , , , , , , , , , , ,

Scotia profit surges 35%

March 6, 2025 by
Profits jumped a solid 34.5 percent at Scotia Group with $4.2 billion in net profit for the quarter that ended January, this year, for an increase of $1.1 billion over the $3.21 billion in 2024, with earnings per share rising to $1.35 from $1 in 2024.

Total revenues excluding expected credit losses for the year ended January 31, 2025, grew by $2.2 billion to $17 billion, for an increase of 14.9 percent over the prior year period, primarily driven by growth in loans leading to an increase in net interest income of $1.1 billion or 10 percent as well as an increase in other revenue of 26.2 percent.
Other income, other than interest income, increased by $1.2 billion or 26.2 percent. Net fee and commission income for the period amounted to $2.2 billion. an increase of $672 million or 42.9 percent, primarily driven by the higher volume of client transactions and activities.
Total loans increased from $275.7 billion to $313 billion, an increase of 13.3 percent over the $276 billion in January 2024 but flat with October last year. Growth over January 2024 “includes a 12 percent increase in Scotia Plan personal loans and a 24 percent increase in mortgage loans. Commercial loans also increased by 5 percent over the prior year period,” the release from Scotiabank stated
The Board of Directors approved a dividend of 45 cents per share for the first quarter, payable on April 17, to stockholders on record at March 26.

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

Two new additions to ICTOP10

March 3, 2025 by
Price movements in the ICTOP10 this past week as mostly muted with the Main Market having only two stocks with notable price changes while the Junior Market three, while both markets had one new listing.

Market movements resulted in prices of 5 stocks rising and 3 declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with two gains and 2 losses.
In the Junior Market ICTOP10, Caribbean Flavours ran up 7 percent to $1.34 and Iron Rock Insurance gained 4 percent to $3.75, while AMG Packaging fell 6 percent to $3.
In the Main Market ICTOP10, Berger Paints rose 9 percent to $7.82 and Key Insurance fell 10 percent to close at $2.16.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Key Insurance falling out and replaced by AMG Packaging
Iron Rock Insurance fell out of the Junior Market ICTOP10 and is replaced by Limners and Bards. In the Main Market ICTOP10, VM Investments returns after a one week’s absence, replacing Key Insurance that reported earnings of just 12 cents per share for the full year, much lower than projected.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.9, well below the market average of 15.7 and the Junior Market TOP10 stands at 7.7, more than half of the market, with an average of 13.4.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 256 percent by May 2025, providing better values than the Junior Market, projected to achieve a 172 percent increase for the same period.
In the Main Market ICTOP 10, there are 17 stocks with the highest values representing 33 percent of the Main Market, with PEs between 15 to 105, with an average of 30 and 24 excluding the highest PE ratios and a PE of 26 for the top half of the market with the highest values and 20 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 15 stocks or 31 percent of the market have PEs ranging from 15 to 33 with an average of 20 and a PE of 18 for half of the market with the highest PEs.
The ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. Revisions to earnings are ongoing, based on 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 Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

NCB is back in ICTOP10

February 24, 2025 by
The damage done to NCB Financial Group’s stock price by last year’s ill-fated public share issue continued unabated during the past week with the price hitting a multiyear low of $47.70 even as the group posted a solid 114 percent rise in profit for the first quarter to December to $2.6 billion up from $1.2 billion in 2023. The drop in price puts the stock back into the Main Market ICTOP10 and the ALL JSE TOP10.

The week closed with the Main Market index losing 1,770.19 points or 0.54 percent or points while the all Jamaica composite index declined by 0.75 percent or 2,847.1 points and the Junior Market lost 2.2 percent for a fall of 82.14 points. Market movements resulted in prices of just three stocks rising and five declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with two gains and four losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers was the only stock ending the week with a notable gain, up 7 percent to $2.76. Iron Rock Insurance fell by 7 percent to $3.61, Access Financial fell 5 percent to $17.07 and Elite Diagnostic fell 4 percent to $1.62.
In the Main Market ICTOP10, Key Insurance rose 9 percent to close at $2.40 and VM Investments rose 4 percent to $2.47 and Berger Paints declined 8 percent to $7.15.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with NCB Financial replacing Caribbean Producers.
Dolphin Cove after a long absence returns to the Junior Market ICTOP10, fallowing a big drop in price during the week, while Iron Rock Insurance returns after a week’s abscence. Dropping out ot the Junior Market Top 10 are Limners and Bards and Cargo Handlers. In the Main Market ICTOP10, VM Investments dropped out, replaced by NCB, with the price at an appealing level for long term investments.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.6, well below the market average of 15.7 and the Junior Market TOP10 stands at 7.8, more than half of the market, with an average of 13.1.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 272 percent by May 2025, providing better values than the Junior Market, projected to achieve a 170 percent increase for the same period.
In the Main Market ICTOP 10, there are 16 stocks with the highest values representing 31 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 25 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 31 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. Revisions to earnings are ongoing, based on 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 Combined, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10 stocks weathered a stormy week

February 17, 2025 by
The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.

Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
Dolla Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out. In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. Revisions to earnings are ongoing, based on 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: , , , , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10 stocks weathered stormy week

February 17, 2025 by
The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.

Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
 Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out.
In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. Revisions to earnings are ongoing, based on receipt of new information.

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

ICTOP10 stocks weather stormy week

February 10, 2025 by
Stocks sold off in the past week on the Jamaica Stock Exchange with Junior Market stocks that gained 4 percent during the prior week lost 1.8 percent and the Main Market slipped by nearly 3 percent by the end of the week, not a healthy sign for ICI Top 10 stocks.

Market movements resulted in prices of just two stocks rising and four declining in the Junior Market TOP10 stocks while the Main Market TOP10 ended with three gaining and five falling.
In the Junior Market ICTOP10, Express Catering gained 8 percent to close at $3.30, while Limners and Bards fell by 8 percent to $1.21. Caribbean Flavours followed with a 4 percent fall to $1.25 and Access Financial declined by 3 percent to close at $17.99.
In the Main Market ICTOP10, Key Insurance gained 4 percent to close at $2.29. Scotia Group and Berger Paints lost 5 percent in closing at $56.97 and $7.90 respectively and VM Investment lost 4 percent to close at $2.39.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended with Lasco Distributors dropping out and replaced by JMMB Group.
JMMB Group returns to the Main Market ICTOP10 after a week’s absence, replacing Caribbean Producers. There is no change in the Junior Market ICTOP10 list.

The average PE for the JSE Main Market ICTOP 10 sits at just 5.4, well below the market average of 14.5 and the Junior Market TOP10 stands at 8.5, more than half of the market, with an average of 13.7.
Based on the earnings projected estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 282 percent by May 2025, providing better values than the Junior Market, projected to achieve a 151 percent increase for the same period.
In the Main Market ICTOP 10, there are 14 stocks with the highest values representing 27 percent of the Main Market, with PEs between 15 to 107, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. Revisions to earnings are ongoing, based on 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: , , , , , , , , , , , , , , , , , , , , , , , ,

Big changes for ICTOP10 stocks

February 3, 2025 by
Junior Market stocks gained 4 percent for the week and 1.4 percent for January while the Main Market rose by half a percent for the week and finished down at the close of the first month of the year. The changes resulted in 5 stocks producing solid gains and three with notable losses for Junior Market ICTOP10 while the Main Market TOP10 had two gains as five stocks fell.

In the Junior Market ICTOP10, Lumber Depot jumped 15 percent to close at $2.94, AMG Packaging rose 10 percent to $3.26 followed by Access Financial and Limners and Bards with an increase of 9 percent to close at $18.55 and $1.31 respectively while Jamaican Teas gained 7 percent to finish trading at $2.22. Caribbean Assurance Brokers declined by 10 percent to $2.49, Express Catering lost 9 percent to close at $3.05 and Caribbean Flavours fell 5 percent in ending at $1.30.
The JSE TOP10, compiled from all listed ordinary stocks on the JSE, had two changes with JMMB Group and AMG Packaging falling out and replaced by Jamaica Broilers and Lasco Distributors.
Lumber Depot dropped out of the Junior Market ICTOP10 following the B gain during the week and is replaced by Cargo Handlers. Jamaica Broilers returns to the Main Market ICTOP10 with JMMB Group falling out.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.5, well below the market average of 14.5 and the Junior Market TOP10 stands at 8.4, more than half of the market, with an average of 13.7.
Based on the earnings projected estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 278 percent by May 2025, providing better values than the Junior Market, projected to achieve a 151 percent increase for the same time.
In the Main Market ICTOP 10, there are 16 stocks with the highest values representing 30 percent of the Main Market, with PEs between 15 to 105, with an average of 30 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 15 stocks, 31 percent of the market, with PEs ranging from 15 to 33 with an average of 20 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. Revisions to earnings are ongoing, based on 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: , , , , , , , , , , , , , , , , , , , , , , ,

A week of change for ICTOP10  

January 25, 2025 by
The Main and Junior Market indices slipped marginally during the week with the ICTOP10 stocks having mixed results with Express Catering and Iron Rock Insurance gaining 8 percent to close at $2.35 and $4.30 respectively in the Junior Market while Limners and Bards, AMG Packaging lost 10 percent to close at $1.20 and $2.96 respectively and Access Financial lost 4 percent to close at $17.

In the Main Market ICTOP10, Scotia Group gained 13 percent to end at $62.00, Jamaica Broilers rose 4 percent in closing at $38.60 and Caribbean Producers declined 6 percent to $8.45.
The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, had one change with Jamaica Broilers falling out and AMG Packaging replacing it.
Jamaica Broilers dropped out of the Main Market ICTOP10 with JMMB Group returning after a week’s absence.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.5, well below the market average of 14.4 and the Junior Market TOP10 stands at 8.4, more than half of the market, with an average of 13.3.
Based on the earnings projected estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 274 percent by May 2025, providing better values than the Junior Market, projected to achieve a 154 percent increase for the same time.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 30 and 21 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 14 stocks, 29 percent of the market, with PEs ranging from 15 to 33 with an average of 20 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so.  ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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. Revisions to earnings are ongoing, based on 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: , , , , , , , , , , , , , , , , , , , , , , , ,