Declines for ICTOP10 stocks


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.

 Mixed week for T&T Stock Exchange


The Trinidad and Tobago Stock Exchange closed mixed at the end of the past week, with the Composite index gaining 4.1 points or 0.40 percent, the All T&T index lost 9.26 points or 0.61 percent and the Cross-Listed index rose 2.58 points or 3.58 percent, with prices of 10 stocks falling compared with 14 in the previous week and 7 increasing similar to the prior week.

Scotiabank dropped $2.39 at the close of the week.

At the week’s close, Prestige Holdings ended 50 cents higher at $10.95 and CIBC Caribbean Bank rallied 35 cents to $8.55.
Agostini fell $1.05 to $65, Scotiabank dropped $2.39 to close at $52.45 and First Citizens Bank shed 55 cents to $43.
At the week’s close, the average PE ratio of the market ended at 18.36, based on 2024 earnings and 12.45, based on estimated earnings for 2025, suggesting a 47 percent potential gain for stocks in 2025.

Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise 180 percent, the severely undervalued Guardian Holdings, a 370 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 85 percent, Trinidad Cement with 260 percent, Eric Solis with a 190 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent and Scotiabank with the potential of a 50 percent gain.

Two weeks’ rally ends for T&T stocks


The Trinidad and Tobago Stock Exchange declined in the past week, with the prices of 14 stocks dropping while just 7 rose, following gains in the market in the previous two weeks. The past week ended with declines of more than one percent each in each of the three main market indices.

The Composite index fell 12.73 points or 1.22 percent, the All T&T index lost 15.63 points or 1.02 percent and the Cross-Listed index fell 1.54 points or 1.83 percent.
Scotiabank gained 85 cents to close at $54.85 and Trinidad Cement rose 35 cents to $2.30.
Ansa McAl lost $1 in ending at $44, Agostini fell 95 cents to $66.05, First Citizens Bank shed 45 cents to $43.55, with Calypso Micro Index Fund dropping 31 cents to $23.20.
At the close of the market for the week, the average PE ratio of stocks rose to 18.45, based on 2024 earnings and 12.44, based on estimates of 2025 earnings, suggesting a 26 percent potential gain for stocks in 2025.
Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise by 180 percent, the severely undervalued Guardian Holdings, with a 330 percent potential gain, Republic Holdings at 120 percent, First Citizens Bank 70 percent, Trinidad Cement with 110 percent, Eric Solis with a 190 percent potential gain and One Caribbean Media with 260 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 70 percent and Scotiabank with the potential of a 35 percent gain.

Big gains for Main Market ICTOP10


ICTOP10 Main Market stocks had four B winners and one loser, while the Junior Market list recorded two big losers, with the majority ending with stable or minimal price changes.

At the close of the week, 138 Student living pushed 12 percent higher to $3.70, Margaritaville rose 11 percent to close at $14.08, Proven Investments rallied 9 percent to 12 US cents, Caribbean Producers climbed 6 percent to $9, Guardian Holdings fell 6 percent to $340. In the Junior Market, Caribbean Insurance Brokers and AMG Packaging lost 8 percent in value to close at $2.21 and $2.40, respectively.
Proven Investments dropped out of the Main Market ICTOP10, with Transjamaican Highway replacing it. The Junior Market list had no change. All JSE ICTOP10 listings ended with Proven Investments dropping out and replaced, with the return of Scotia Group.
The average PE for the JSE Main Market ICTOP 10 is just 5.9, well below the market average of 13. The Junior Market TOP10 stands at 6, less than half the market’s average of 14.5.
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 44, with an average of 23 and a PE of 19 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 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 blue chip. Sometimes, they include weaker companies that 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 stocks and remove emotions when selecting stocks for investments.
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.

Calypso Micro biggest week’s loser on TTSE


The Trinidad and Tobago Stock Exchange closed with gains for a second week, with the market Indices rising around half a percent, resulting from gains in 5 stocks and 8 declining, with Calypso Micro Index Fund being the biggest mover for the week, dropping $1.44 to $23.51.  

Ansa McAl lost $1 in ending at $45, Trinidad Cement fell 50 cents to $1.95 and Republic Holdings shed 30 cents to $112.20.
Unilever Caribbean rose 62 cents to $13.77, First Citizens Bank and Scotiabank gained 25 cents each and Guardian Holdings rose 26 cents.
At the close of the market for the week, the average PE ratio of stocks rose to 17.80, based on 2024 earnings and slipped to 12.43, based on estimates of 2025 earnings, suggesting a 29 percent potential gain for stocks in 2025.
Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 380 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 80 percent, Trinidad Cement with 430 percent, Eric Solis with a 180 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent, Trinidad and Tobago NGL, 340 percent and Scotiabank with the potential of a 50 percent gain.

Calypso Micro top TTSE performer for week


Stock Exchange closed the week with marginal movements in the market Indices, with trading resulting in 11 stocks rising and seven  falling, compared with eight stocks rising and 9 declining last week.

The biggest mover was Calypso Micro Index Fund that dropped $1.0 in the prior week, climbing $1.40 to close at $24.95, followed by Point Lisas, up 78 cents to $4.24, Republic Holdings gained 50 cents to end at $112.50 and Unilever Caribbean rose 41 cents to $13.15.
The biggest loser was One Caribbean Media with a fall of 24 cents to $2.75.

At the close of the market for the week, the average PE ratio of stocks rose to 17.98, based on 2024 earnings and slipped to 12.67, based on estimates of 2025 earnings, suggesting a 29 percent potential gain for stocks in 2025.
Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 380 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 80 percent, Trinidad Cement with 325 percent, Eric Solis with a 180 percent potential gain and One Caribbean Media with 320 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent, Trinidad and Tobago NGL, 350 percent and Scotiabank with the potential of a 50 percent gain.

Scotiabank jumps $3.98 for week on T&TSE

Scotiabank gained $3.98 this week on the TTSE.

The Trinidad and Tobago Stock Exchange closed the week with gains, with the Composite Index rose 0.77 percent, while the ALL T&T Total Index gained 1.05 percent, resulting from 8 stocks rising and 9 declining.

Scotiabank jumped a hefty $3.98 or nearly 8 percent to $53.98 after a big fall last week, First Citizens Bank gained 50 cents to close at $43.50 and Unilever Caribbean rose 59 cents to $12.79.

Ansa McAl dropped $2 following last fall of a similar amount in closing at $46, as investors continued to vote negatively to the bad decision of the board to suspend dividend payments for three years. Calypso Micro Index Fund dropped $1.20 to close at $23.55 and Point Lisas fell 79 cents to $3.46.

 At the close of the market for the week, the average PE ratio of stocks rose to 17.73, based on 2024 earnings and slipped to 12.44, based on estimates of 2025 earnings, suggesting a 29 percent potential gain for stocks in 2025.

Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 380 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 85 percent, Trinidad Cement with 380 percent, Eric Solis with a 180 percent potential gain and One Caribbean Media with 300 percent.

Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent, Trinidad and Tobago NGL, 350 percent and Scotiabank with the potential of a 50 percent gain.

Ansa McAl fell $2 and Scotiabank $2.79

Ansa McAl dropped $2 to $48, following the decision of the directors to suspend dividend payments for three years. Scotiabank dropped a hefty $2.79 to $50, but First Citizens Bank gained $1 to close at $43 and Republic Holdings rose $1.39 to $112.

During the week, the Composite Index fell 0.84 percent after closing 0.40 percent lower the previous week. The ALL T&T Total Index fell 1.18 percent after declining 0.61 percent in the prior week, resulting in 9 stocks rising and 10 declining, similar to the previous week.
At the close of the market for the week, the average PE ratio of stocks was higher at 17.22, based on 2024 earnings and 12.55, based on estimates of 2025 earnings, suggesting a 29 percent potential gain for stocks in 2025.

Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 380 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 85 percent, Trinidad Cement with 380 percent, Eric Solis with a 180 percent potential gain and One Caribbean Media with 340 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent, Trinidad and Tobago NGL, 380 percent and Scotiabank with the potential of a 60 percent gain.

Guardian rises 13%, Elite 11% on ICTOP10


The JSE Main Market stocks gained close to 3 percent during the past week and those listed on the Junior Market were up just under one percent. The performance of ICTOP10 stocks was vastly different in both markets. The Junior Market TOP10 listings had Elite Diagnostic jumping 11 percent to finish at $1.50, AMG Packaging rising 10 percent to close at $2.74 and Dolla Financial increasing 10 percent to finish at $2.69.

Caribbean Assurance fell 9 percent following the belated reporting of the 2024 results, with a major increase in employee costs pushing the operations into a loss and Caribbean Flavours fell 6 percent to $1.16.
In the Main Market ICTOP10, Guardian Holdings rose 13 percent to $347, but Margaritaville dropped 23 percent to $11, Innovative Energy dipped 5 percent to $1.22 and so did VM investments in closing at $2.18.
At the end of the week, the Junior Marlet ICTOP10 ended with Caribbean Assurance and Dolphin Cove dropping out of the TOP10 and were replaced by Image Plus and Iron Rock Insurance. There are no changes to the Main Market ICTOP10 list. The All JSE ICTOP10 listings remained unchanged, but the order changed markedly, with Guardian Holdings dropping to the number 3 position and 138 Student Living climbing to the top.
The average PE for the JSE Main Market ICTOP 10 is just 5.3, well below the market average of 13.6. The Junior Market TOP10 stands at 7.4, just under half the market’s average of 15.1.
In the Main Market ICTOP 10, 22 stocks with the highest values account for 35 percent of the Main Market, with PE ratios between 15 and 40, with an average of 21 and a PE of 18 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 19 stocks or 40 percent of the market have PEs ranging from 15 to 54, with an average of 23 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 blue chip. Sometimes, they include weaker companies that 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 stocks and remove emotions when selecting stocks for investments.
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.

Calypso pops $1.50, Ansa McAl falls 90 cents


The Trinidad and Tobago stock market seemed to have welcomed the change in government in that country on Tuesday with winners out pacing losers by a wide margin but that did not carry over for the rest of the week, with the market closing lower, with the Composite Index closing 0.40 percent lower and the ALL T&T Totals Index down 0.61 percent, resulting in 9 stocks rising and 10 declining.

Prestige Holdings brand – TGIF

At the close of the market for the week, the average PE ratio of stocks was higher at 17.22, based on 2024 earnings and 12.61, based on estimates of 2025 earnings, suggesting a 29 percent potential gain for stocks in 2025.
The past week Calypso Macro Investment Fund jumped $1.50 to close at $1.50, Prestige Holdings rose 39 cents to $10.89 and West Indian Tobacco rallied 29 cents to $5.30.
Ansa McAl dropped 90 cents to $50, Agostini declined by 75 cents to $67.25 and Unilever Caribbean fell 53 cents to end at $12.25.
Stocks with the potential to gain 100 percent or more when the market comes back to life, include CIBC Caribbean Bank which could rise by 200 percent, the severely undervalued Guardian Holdings, with a 380 percent potential gain, Republic Holdings at 140 percent, First Citizens Bank 90 percent, Trinidad Cement with 400 percent, Eric Solis with a 200 percent potential gain and One Caribbean Media with 330 percent.
Investors should watch Massy Holdings with a 50 percent potential gain, Prestige Holdings, which could gain 100 percent and Trinidad and Tobago NGL 390 percent.