New stocks to watch

Image courtesy of suphakit73/

Listed companies are releasing results with a number of them reporting strong increase in profits.
It now looks like the Junior Market‘s time to shine having been in the shadow of the main market form  last year. Investors should be on alert for the following, Stationery and Office Supplies that posted a 30 percent jump in profit, Elite Diagnostic with strong growth in profits for the March quarter of $16 million versus $6.7 million in 2018. Jamaican Teas second quarter rose 45 percent before tax to end at $65 million from $44.7 million in the 2018 March quarter but profit after tax rose 38 percent to $55 million from $40 million, for the six months profit after tax rose from $91 million to $116 million. ISP Finance supply dried up completely after having stock being offered doown to $12 last week. Keep an eye open for Derrimon Trading, General Accident, Honey Bun, Jamaica Producers and Victoria Mutual Investments.

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