One on One tops Junior Market last week


Several Junior Market stocks recorded solid gains in the just concluded trading week. Heading the list is One on One Educational, up 27 percent followed by Medical Disposables with a gain of 23 percent, Iron Rock Insurance rallied 22 percent and Caribbean Flavours was up 16 percent.  The lowest winner in the TOP 10 was Elite Diagnostics up 12 percent.

At the same time Everything Fresh fell nearly 12 percent, followed by Blue Power with a fall of 9 percent and Spur Tree Spices down 7 percent. The lowest loser was Future Energy with a decline below one percent.

What of the future? The ICTOP10 listing shows that some of the likely best future performances might be delivered by some companies that have disappointed in recent months. For example suspended Kintyre Holdings could be the top performer, although trading in the stock is suspended due the late reporting of financials, but it heads the ICTOP10 list. Caribbean Assurance Brokers follows with a potential gains of 540 percent, Express Catering holds the third position. RA Williams is expected to make a big recovery, having bounced back to a profitable position. Caribbean Cream made a major surge forward in its first quarter results and holds down the 5th spot, with the price of the stock, having bounced since the release of its interim results to May.

Berger heads IC TOP10 Main Market stocks


The JSE Main Market climbed 17.2 percent for the year to Friday last, fueled a great deal by a huge rise in the price of West Indies Petroleum shares. Big gains by Transjamaican Highway, up 130 percent, NCB Financial, jumping 97 percent and Carreras up 88 percent, were also big contributors.

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.
The IC TOP 10 chart shows that the winners for the rest of the year should be coming from a different set of stocks. The list has some beaten-down stocks following disappointing results. IC Insider.com forecasts recovery in several cases, with some already showing improvements in results for the first two quarters of the year.
Berger Paints tops the list with potential gains of more than 600 percent, but this level may not be reached until after the full year results are released in 2027, as the bulk of profits come in the December quarter. JMMB Group posted positive 2026 first quarter profits that could encourage investors to buy the stock. It is clearly one to watch carefully.

Kintyre tops ICTOP 10 list


The numbers are mostly in, with 61 percent of Junior Market companies reporting increased profit results for the second quarter, with a 44 percent improvement in after tax profits over the same period in 2025.
The first quarter showed a similar trend, with only 51 percent of companies reporting improved results. In spite of this major improvement, the Junior Market is down 15 percent for the year up to Last Friday, with only nine Junior Market stocks gaining more than 5 percent for the year to date.

What the company results are pointing to is the potential for more gains in the months ahead if current trends holds.
Included in ICTOP10 Junior Market list are Image Plus, MFS Capital and RA Williams. Some of the best performances in stocks, come from unlikely sources, an example is that many investors missed 163 percent rise in Jetcon share price year to date.
Kintyre, suspended for failure to file audited results, has the potential to be a big winner, if management settles down and runs the existing business and gets rid of the non-core assets. It has the potential on paper to do well but is not without risks. ICInsider.com gathers that the audited accounts should be available by early September, with trading in the stock resuming soon after. Also of import, the subsidiary Visual Vibes will be expanding the number of locations for screens, which ICInsider.com gathers are in high demand. This will boost revenues and profit for the group. Caribbean Brokers reported better second quarter results than the loss in the first quarter, with ICInsider.com forecasting a strong second half that ought to restore profits back to normal levels. They will also benefit from reduced costs based on the ending of their operations in New Kingston.
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.

Kintyre tops Junior Market TOP10


With the 7th month of the year ending in a few days, Jetcon Corporation leads Junior Market stocks with gains of 120 percent, followed by Future Energy, up 28 percent and MFS Capital Partners, which rose 15 percent. What will the rest of the year bring?  

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.

The TOP 10 includes several companies that are enjoying a return to or a rebound in profits. Kintyre Holdings tops the list, but the stock is suspended yet again for failure to file audited accounts for 2025. On paper, the stock could enjoy a big bounce. There is uncertainty about it that investors need to be aware of, a lot has to do with the company’s management. Express Catering should start to see major recovery in revenues during the current year, barring any major disruption to its operations. Investors also need to be aware of a major corporate governance issue: with more than $20 billion lent to the majority shareholder with no interest paid by that company. Express Catering incurs interest costs on loans used to fund the on-lending to the parent company. 

Caribbean Cream enjoyed a big bounce after returning to profit in the first quarter, pushing the price off the 2026 lows into the $2 region.  Investors in the stock should enjoy a solid rise in price over the next twelve months, with earnings projected at 45 cents. RA Williams returned to a small profit in the 2026 fiscal year to April, following a surge in revenues, with indications of a jump in profits for the current year. AMG Packaging inclusion is based on recovery and expansion in the 2027 fiscal year, while MFS Capital Partners will enjoy greater revenues and profits from Cambio and other areas of expansion.

Trading dives on T&T Stock Exchange


Trading dropped sharply at the close of trading on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume falling 44 percent and the value sinking 67 percent compared to trading on Tuesday. A total of 18 securities were exchanged, up from 17 on Tuesday and ending with prices of three rising, four declining and 11 ending firm.

A mere 40,990 shares worth just $398,239 were traded, down from 73,191 stocks at $1,214,829 on Tuesday.
An average of 2,277 shares were traded worth $22,124, down from 4,305 stock units at $71,461 on Tuesday. Trading for the month to date averages 14,308 shares at $128,089, just below 15,005 units at $134,222 on the previous day and a tad more than the average of 14,083 shares at $118,753 for June .
The Composite Index dipped 1.08 points to 1,017.23, the All T&T Index slipped 2.08 points to 1,453.33, the SME Index remained at 81.05 and the Cross-Listed Index closed at 77.12.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of trading, Ansa McAl remained at $47 with investors dealing in 286 stock units, Ansa Merchant Bank climbed 2 cents to $28.35 after an exchange of a mere 5 shares, CIBC Caribbean Bank ended at $7.60 with investors trading 222 units. CinemaOne remained at $3.98 with an exchange of a only one stock; Endeavour Holdings concluded trading at $15 with 271 shares crossing the exchange, Eric Solis Marketing increased 17 cents to $4.17 in switching ownership of 25 stocks. First Citizens Group skidded 6 cents in closing at $39.74 with investors swapping 2,955 units, Guardian Holdings ended trading at $16.45 with a transfer of 1,659 stocks, Massy Holdings lost 3 cents to end at $3.62 as investors exchanged 16,430 shares. National Enterprises remained at $4.75 after a transfer of 413 stocks, National Flour Mills declined 5 cents and stopped at $1.55 with 9,000 units crossing the exchange, Point Lisas remained at $7 with 365 stock units changing hands. Prestige Holdings popped $2.07 to $12.10 in an exchange of 997 shares, Republic Financial shed 68 cents and closed at $108.82 after the trading of 196 stocks, Scotiabank ended at $45.50 with 1,142 units crossing the market. Trinidad & Tobago NGL ended at $10.35 after an exchange of 6,592 stock units, Unilever Caribbean remained at $14.45 with 88 shares clearing the market and West Indian Tobacco closed at $4.14 with a transfer of 343 stock units.
The closing prices of securities are those of the last transaction.

Big gains for 7 T&TSE stocks


After years of declines, the TTSE market recorded gains for the year through to the end of this week, with the Composite Index rising 7.6 percent and the All T&T Index rising 6.3 percent.

The positive outcome arose from sharp gains in the prices of seven stocks, with Trinidad & Tobago NGL topping the list with a jump of 284 percent, followed by National Enterprises with 138 percent gain.
In the past four weeks, rising stocks pushed the market higher, with solid price gains in First Citizens, up $1.30, Guardian Holdings rising 56 cents, Republic Holdings with an increase of 50 cents and West Indian Tobacco climbing $1.26. Stocks also suffered sizable declines; amongst the list are Ansa McAl with a fall of $2, Endeavour Holdings down $1, Agostini falling $1.65 and Prestige Holdings slipping 45 cents.

Notwithstanding the solid gains for the year to date, the PE chart shows several stocks being highly undervalued. These include Guardian Holdings, Republic Holdings, Scotiabank, National Flour, Massy Holdings, Trinidad Cement, Eric Solis and West Indian Tobacco.

Several undervalued Trinidad stocks


The Composite index of the Trinidad and Tobago Stock Exchange suffered a marginal decline during the Labour Day shortened week, while the All Trinidad and Tobago Stock Exchange index rose moderately to close of the shortened week.

The market movement was influenced by a $1 gain in First Citizens Group to close at $38.50, a 90 cents rise in Republic Holdings shares to close at $108.50 and was helped by a $2.08 jump in the price of Ansa McAl to $49.00, Medcorp climbed $2.75 to $43.75 and Prestige Holdings rose $1.25 to end at $12.25. Weighing down the market were Endeavour Holdings, down $2 to $16, National Enterprises slipping 57 cents to $4.80, Agostini losing 35 cents to end at $59.15 and AS Bryden falling 30 cents to $1.50.

Many investors are scared of markets that are declining or in the early stages of a market recovery. Due to this fear, they miss many opportunities for above average returns on investments for failing to invest when prices are depressed.        

The PE chart shows several stocks as being highly undervalued. These include Guardian Holdings, Republic Holdings, National Flour, Trinidad Cement and Eric Solis, to name some of the highest undervalued ones.

The undervalued stocks on T&T Exchange


In the past two weeks, the fortunes of the Trinidad & Tobago Stock Exchange were mixed, with prices of 11 stocks rising and 12 declining, resulting in the Composite market Index slipping just 0.57 percent and the All Trinidad and Tobago Index rising 0.43 percent. Several stocks ended up being severely undervalued. 

Trinidad & Tobago Stock Exchange Head Quarters

During the past two weeks, financial sector stocks have made meaningful movements, with CIBC Caribbean declined by 49 cents to $8.28 from $7.79, First Citizens rallying 50 cents to $37.50 from $37 and Republic Holdings rose 35 cents to $107.60 from $107.25.

Manufacturing ended after Ansa McAl climbed $1.92 to $46.92 from $45 and Unilever dropped $1.10 to $15 from $16.10. Elsewhere, Endeavour Holdings rallied $2 to $18 from $16, Agostini declined by 50 cents to $59.50 from $60, Prestige Holdings dipped $1.40 to $11 from $12.40 and OneCaribbean Media rose by 30 cents to $2 from $1.70.

The attached chart shows stocks, trading well below the market and sector average; these are the ones with the best potential to profit from. A point worth noting is that while the market may not be in a bullish phase, the two main indices are up over 5 percent for the year to date, the first in some years. This indicates that careful stock selections can be rewarding.
At the close of the past week, the following stocks remained highly undervalued: Scotiabank, CIBC Caribbean, First Citizens, Guardian Holdings, Republic Holdings, Massy Holding, National Flour, Trinidad Cement, Unilever, West Indian Tobacco and Eric Solis

Big gains for Trinidad stocks to May


The Trinidad and Tobago Stock Exchange suffered four years of decline, resulting in the T&T Composite index losing 37 percent and the ALL T&T Index declining by a more significant 48.52 percent since the start of 2022 to the end of 2025. For the first five months this year, the market has clawed back a small bit of the loss, with Composite index rising 5.72 percent since the end of last year and the ALL T&T Index rising 4.92 percent.

ICInsider.com returns with an updated PE Chart, with historical and projected earnings to assist investors in navigating stock selection.

Since the start of 2026, Republic Holdings rose $4.02 to $107.25, First Citizens gained $3.02 to $37, National Enterprises more than doubled, jumping $3.50 to $5.50, Trinidad and Tobago NGL surged $7.41 to $10.05, Medcorp dropped $7 to $41, Scotiabank lost $2.49 to end at $45.50 and Endeavor Holdings slipped $2.44 to close at $16.

The market suffered, with several companies posting reduced profits during 2025 and the first quarter this year. Those with increased profits showed mostly mild changes. The same is not the case with Uniiever that reported a major turnaround in profit in the March quarter, suggesting big gains are ahead for the stock price, with the PE ratio at just 10 based on this year’s earnings.  

Stationery & Office Supplies drops in 2025


A six percent rise in revenues in the first nine months of 2025 melted down to a modest 1.3 percent for Stationery & Office Supplies (SOS) for the year, to $1,866 million, over $1.843 billion recorded in 2024, following the negative impact on sales caused by the impact of Hurricane Melissa in the last quarter.

While the top line held up well, supported by a 50 percent surge in export sales across the Caribbean region and strong growth from the EVOLVE furniture line, the bottom line came under considerable pressure, partially affected by the impact from the hurricane and lower margins from exports.

Stationery & Office Supplies hit a record high on Friday.

Stationary & Office Supplies – Montego Bay office.

Gross profit for the year came in at $953 million, down 5.5 percent from $1.01 billion in the prior year. The gross profit margin narrowed from 54.7 percent to 51.1 percent, reflecting higher shipping and input costs that the company chose to absorb, as well as the lower-margin profile of the growing export business. Cost of sales rose to $913 million from $835 million, a 9.4 percent increase that meaningfully outpaced revenue growth.
Administrative and general expenses climbed 7.2 percent to $612 million, driven largely by a 9.5 percent increase in staff costs as the workforce expanded from 162 to 170 employees and management remuneration that rose to $142 million. Selling and promotional expenses were essentially flat at $154 million, while depreciation and amortisation held steady at $45 million. Total expenses for the year reached $828 million compared to $785 million in 2024, a 5.5 percent increase.
Operating profit fell sharply to $137 million from $228 million in 2024, a decline of approximately 40 percent. Net finance income of $11 million and foreign exchange gains of $10 million, resulted in pre-tax profit for the year of $160 million, down 35 percent from $247 million in the prior year. The effective tax rate was approximately 17.4 percent, after accounting for a 50 percent tax remission as a Junior Market listed company. Net profit after tax amounts to $133 million, well below $223 million in 2024, a fall of 40 percent.

Earnings per share for the full year was 6 cents, down from 10 cents in 2024. The company paid dividends of $45 million during the year, representing 2 cents per share, the first dividend distribution since 2023.

Fourth Quarter 2025
The fourth quarter was severely disrupted by Hurricane Melissa, with Revenues declining by 14 percent to $377 million, from $437 million in the same period of 2024. Gross profit collapsed by around 50 percent to roughly $105 million as storm-related inventory losses at the Montego Bay warehouse and reduced trading activity weighed heavily on results. Expenses for the quarter declined 11 percent to approximately $183 million as the company curtailed discretionary spending. The net result was a pre-tax loss of approximately $6 million for the quarter, compared to a pre-tax profit of $15 million in Q4 2024, a swing of $21 million. The quarterly EPS was aa loss of 0.2 cents.

Segment Performance
The Furniture segment remained the powerhouse of the business, generating revenues of $1.35 billion in 2025, up 9.6 percent from $1.23 billion in 2024, with a gross profit of $760 million and a segment gross margin of 56.4 percent. The Book segment, representing the SEEK brand, saw revenues decline sharply to $76 million from $106 million, with gross profit falling to just $6 million from $27 million, reflecting both hurricane disruption and the pre-commissioning stage of the new factory. Stationery and other supplies posted revenues of $441 million, down 13 percent from $506 million, generating a gross profit of $187 million at a margin of 42.4 percent.
The company had an official opening for the Seek factory a week ago, with reports that it elicited some fresh orders and increased interest in the products that are manufactured. As the leading player in the office and stationery business smaller players who may want to exit the business will most likely look to them to be acquired. This is an ever present possibility, so investors should not be surprised if there are such developments in the future that could push revenues and profit.

Balance Sheet
urrent assets at year end stood at $1.06 billion, with current liabilities of only $358 million, with a net current asset of $701 million, a modest improvement from $687 million in 2024. Cash and equivalents rose 15 percent to $382 million from $332 million. Inventories grew 4.5 percent to $416 million. Shareholders‘ equity increased to $1.64 billion from $1.55 billion, with a net asset value per share of 73 cents. Long-term borrowings, totalled $17 million, down from $27 million.
The company generated gross operating cash of $201 million, after favourable working capital movements and tax and interest payments, net operating cash flow was $215 million, ahead of the $187 million generated in 2024. Capital expenditure consumed $114 million, primarily on the SEEK factory build-out, motor vehicles and computer equipment. Financing outflows of $69 million included the dividend payment, lease repayments and loan servicing. The net increase in cash for the year was $50 million.
ICInsider.com projects earnings per share for 2026 at 15 cents at a PE ratio of 12.3 times earnings at $1.85 the stock last traded at on Thursday. This compares to the Junior Market average of 15.6 currently. At the close of trading on Thursday supply of the stock for sale has dried up with only 7 offers of 149,000 share for sale. Watch this stock that could deliver a 50 percent gain or more for the year.