Innovative Energy shoots into the ICTOP10 stock listings of the Main and combined markets, following solid third quarter profits that lifted earnings for the full year to May to a profit of $99 million for the quarter, with projections by ICInsider.com of 23 cents per share based on an increase of 850 million shares for the year and more for 2026 if the trend continues.
At the end of the last week the Junior Marlet lost 57.58 points for a 1.7 percent decline during the past week, the Junior Marlet TOP10 stocks outperformed the market prices of 6 stocks rising and just two declining, in contrast, the JSE All Jamaica index fell 1.5 percent with prices of 6 stock declining and just one rising.
At the end of a shortened week, the Junior Marlet ICTOP10, Express Catering gained 9 percent to close at $3, following release of solid results for the 9 months to February, with profit for the year to date up 54 percent to US$3.2 million, with the third quarter jumping 67 percent to US$1.77 million. 
Caribbean Assurance rose 8 percent to $2.69, Limners and Bards rallied 5 percent to $1.15 and Kintyre Holdings popped 4 percent higher to close at 28 cents. Elite Diagnostic fell 6 percent to $1.45.
In the Main Market ICTOP10, Guardian Holdings fell 5 percent to close at $290, it was the only stock to move by this magnitude for the week.
The All JSE ICTOP10 saw Innovative Energy replacing Caribbean Producers, while Limners and Bards fell from the Junior Market ICTOP10. Innovative Energy is the sole addition to the Main Market ICTOP10 in the past week replacing Jamaica Broilers.
The average PE for the JSE Main Market ICTOP 10 is just 5.3, well below the market average of 13.1 and the Junior Market TOP10 stands at 7.1, just under half of the market average of 13.8.
Based on 2024 earnings estimates, the Main Market ICTOP10 is projected to gain an average of 295 percent by May, providing better values than the Junior Market, that is projected to achieve a 210 percent increase for the same period.
In the Main Market ICTOP 10, there are 19 stocks with the highest values accounting for 37 percent of the Main Market, with PEs between 15 and 43, with an average of 21 and a PE of 19 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 17 stocks or 35 percent of the market have PEs ranging from 15 to 53, with an average of 22 and a PE of 20 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. In some cases 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 in selecting stocks for investments.
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.