Welcome four new members to our elite Buy Rated list! All trade on the Jamaica Stock Exchange with Sagicor Life, Scotia Group and Scotia Investments on the main listing and Caribbean Producers (CPJ) on the Junior Market.
Sagicor Life‘s earnings per share in the June quarter amounted to 42 cents annualised out at $1.70 per share but after adjusting for a $120 million loss in a law suit, it is closer to $1.80 per share. All things being equal, 2014 earnings should exceed $2 per share and with the price at $8.20, there is much room for growth.
Scotia Group gets the Buy Rated seal of approval based on the earnings of 94 cents in the latest quarter and strong gains in net income for the nine months to July as well as the July quarter. Looking forward, the full year’s results should end at $3.70 per share with next year’s results looking to exceed $4 per share — more than enough to stimulate a rally in the price.
Scotia Investments clocked in with earnings of $1.33 for the quarter with reduced costs in a number of areas. Our analysis of their numbers suggest full year results should exceed $4.60 per share and next year more than $5.
Caribbean Producers (CPJ) reported outstanding June quarter numbers, which suggest that the post-IPO expansion is starting to bear fruits in a major way. Strong growth is a indicator of robust profits ahead and we feel that this one is ripe for a take-off in the coming months.
Trinidad Cement continues to be the star of the Buy Rated list. Some may be questioning how much further it can go having gained more 200 percent since the end of May. Our PE ratio chart says it has more room to run before it is fully valued based on this year’s company profit performance. Neal and Massy has come down in price as has Guardian Holdings and declines has made them more attractive buys.
Better than a broker’s ‘buy’ recommendation | IC Insider has no vested interest in any stock transaction or conflict of interest. Our research is backed by published reports of the company’s performance and insights of future earnings that can be found at ICInsider.com. The final decision to buy, or not, is your personal choice.
Related posts | Q2 profit up strongly at Sagicor | Scotia Group moves up in spite of NDX | Q3 profits up at Scotia Investments | CPJ’s big jump in profits | TTSE: 3 major changes in PE rankings
To find published reports for a Buy Rated stock on IC Insider, please use category ‘Buy Rated’ under Company News or enter the company name, in full or part at ‘Search IC Insider’.
Image Courtesy of Collin Reid, Supreme Ventures/Courts/Scotiabank.
[…] is an IC Insider Buy Rated stock. In 2011, JMMB placed third in the Investor’s Choice’s Champion Company award that recognizes […]