Recent release of company results this past week confirms they are on the stocks to watch list, with Caribbean Producers reporting J$1.05 in earnings per share for the year to June, with tourism traffic at just 78 percent of 2019 for the 12 months to June this year.
Knutsford Express reported 17 cents per share and seems set to reach IC insider.com’s forecast of $1 per share for the current fiscal year and Paramount Trading, with earnings per share of 5.4 cents for the August quarter, is seemingly poised to reach our forecast of 30 cents per share for the fiscal year ending May 2023.
ICInsider.com watch list now comprises Access Financial, Barita Investments, which may be overvalued currently, but it’s a favourate of many investors, Caribbean Assurance Brokers, Consolidated Bakeries, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, NCB Financial, Stationery and Office Supplies, Paramount Trading, now back in ICInsider.com TOP10 and Scotia Group.
Paramount
Significant factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June, with September around 17 percent higher. Providing there are no reversals, companies highly dependent on the sector will enjoy a sizable bounce for the next nine months compared to the lower business generated from last year to April this year. Banks will profit from increased interest rates, and insurance companies will enjoy increased interest revenues. The same applies to the entertainment industry, as the sector only opened up after March this year.
Persons who compiled this report may have an interest in securities commented on.
