In the ICTOP10 this past week, no Main Market stock ended with a price movement of more than three percent. The Junior Market ICTOP10 ended with prices of just two declining, while Medical Disposables, the top performer, jumped 14 percent.
In the ICTOP10, MFS Partners rallied 10 percent to close at 46 cents, followed by Elite Diagnostic after gaining of 8 percent to finish at $1.62, Kintyre Holdings added 7 percent to end at 29 cents and Consolidated Bakeries rose 5 percent to $1.65. Dolla Financial declined by 5 percent to $2.41. There are no new companies in this week’s listings.
The average PE for the JSE Main Market ICTOP 10 is 5.9, well below the market average of 13.6. The Junior Market TOP10 stands at 6, well below half the market’s average of 14.5.
In the Main Market, ICTOP10, 15 stocks with the highest values account for 29 percent of the market, with PE ratios of 15 to 40. The average PE for the market is 24 and 20 for the half with the highest values.
In the Junior Market IC TOP10, 22 stocks representing 46 percent of the market have PEs ranging from 15 to 39, with an average of 21 and 20 for half of the market, with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best as well as newer companies that have not time tested. ICInsider.com ranks companies based on projected earnings for easy assessment in making investment decisions.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in the securities commented on in this report.