Just one new stock for IC TOP 10

Stocks mostly closed higher on the Jamaica Stock Exchange during the past week but Lasco Financial was the sole stock falling from the TOP 10 listings and letting Jamaican Teas back in.
Rising stock prices in the last week help in reducing the projected gains for some of the leading stocks compared to position at the end of the prior week. The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 242 percent, followed by Caribbean Producers 233 percent and tTech with possible gains of 202 percent.
Radio Jamaica with potential gains of 161  percent leads main market stocks, followed by Sterling Investments with 156 percent and Victoria Mutual Investments in third spot with the potential to gain 144 percent by March next year.
The main market, closed the week with the overall PE rising to 15.2 but the Junior Market remains at 11.1. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 9.1. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

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