Regency Petroleum is added to the Stocks to Watch following the release of its prospectus On Thursday with an issue price of $1, with the possibility of the price hitting over $2 initially. Palace Amusement is dropped for the time being with the company reporting improved results in the September quarter but still ending with a loss, but investors should be on the lookout for good things from the stock in the future as it continues to make headway to recovery.
Barita Investments and Consolidated Bakeries are removed from the list at this time with recent results suggesting that they are unlikely to move higher in the short term.
ICInsider.com watch list comprises Access Financial, Caribbean Assurance Brokers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, NCB Financial, 138 Student Living, One on One, Paramount Trading, Regency Petroleum, Scotia Group, Stationery and Office Supplies and Wisynco.
Major factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated since last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.
Persons who compiled this report may have an interest in securities commented on.
Seven stocks in the Junior Market TOP10 declined between 3 percent and 20 percent, with only one rising. The Main Market list had two stocks gaining for a second week and six declining between four and nine percent.
The Junior Market has 13 stocks representing a third of the market, with PEs from 15 to 30, averaging 20 compared with the above average of the market. The top half of the market has an average PE of 17. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 16 highest valued stocks priced at a PE of 15 to 90, with an average of 27 and 22.6 excluding the highest valued one and 19.4 for the top half excluding the highest valued stock.
A total of 35,681,537 shares were traded for $109,696,406 up from 7,838,155 units at $20,403,040 on Wednesday.
At the close, the Junior Market Index shed 38.65 points to settle at 3,933.61.
Fontana fell 75 cents to $8.10 with a transfer of 103,580 stocks, Fosrich dropped 17 cents to $4.21 with the swapping of 812,779 shares, Future Energy Source declined 24 cents to close at $4.96 as investors exchanged 685,047 stock units. General Accident climbed 50 cents to $4.90, with just 300 stocks crossing the exchange, GWest Corporation lost 11 cents in closing at 98 cents with 40,435 shares changing hands, Honey Bun dipped 29 cents to $6.50 after an exchange of 6,241 units. Indies Pharma dipped 11 cents to end at $2.74, with 7,779 units clearing the market, Iron Rock Insurance rallied 30 cents to close at $2.60 after an exchange of 363 stocks, ISP Finance gained $3.49 to $18.50 after a transfer of a mere five stock units. JFP Ltd shed 12 cents to $1.45 with investors transferring 2,152,239 shares, KLE Group advanced 34 cents in closing at $2 in trading 2,149,248 stocks, Knutsford Express fell 80 cents to close at $8, with just 180 shares changing hands. Lasco Distributors dropped 10 cents after ending at $2.70 with trading of 51,637 stock units, Lasco Financial increased 23 cents to end at $2.95 with an exchange of 2,950 units, Limners and Bards shed 10 cents to close at $2.40 in 8,775 shares changing hands. 
Main Event lost $2 in ending at $10, with 241,195 stocks crossing the market, Medical Disposables climbed 35 cents to end at $5.50 after exchanging ten stock units, MFS Capital Partners declined 15 cents to $2.60 after exchanging 498,334 units.Spur Tree Spices dipped 15 cents in closing at $2.90 with the swapping of 608,985 stocks and Tropical Battery fell 12 cents to close at $2.38 808,197 units changing hands.
A total of 7,838,155 shares were traded for $20,403,040, down from 8,389,729 units at $24,298,687 on Tuesday.
At the close, Access Financial lost $2.20 to end at $20.70 after an exchange of 10,638 shares, Cargo Handlers popped $1.87 in closing at $13 as investors exchanged 14 stocks, Caribbean Cream gained 14 cents in ending at $4 after trading 250 stock units. Dolla Financial dipped 10 cents to $3.27, with 637,579 units changing hands, Dolphin Cove rose 40 cents to close at $13.40 after a transfer of 534 shares, Everything Fresh climbed 10 cents to close at $1.70 after an exchange of 79,283 stocks. Fontana declined 15 cents to $8.85 after 98,255 stock units crossed the exchange, Fosrich fell 17 cents to $4.38 with 414,495 units passing through the market, General Accident dipped 70 cents to $4.40 while exchanging 10,000 shares. Honey Bun increased 29 cents in closing at $6.79 with an exchange of 2,331 stocks, Iron Rock Insurance shed 30 cents to end at $2.30 with 32,247 units changing hands, Jamaican Teas rallied 22 cents in closing at $2.50 after trading 1,864,447 stock units. Knutsford Express advanced 80 cents to close at $8.80 in exchanging 19,820 shares, Lasco Financial declined 11 cents to $2.72 with the swapping of 25,623 stock units, Limners and Bards gained 10 cents in ending at $2.50 as 41,764 units crossed the market. 
Main Event rallied 50 cents in closing at $12 after exchanging 1,433 stocks, MFS Capital Partners dipped 15 cents to $2.75, with 366,867 stock units crossing the market, Spur Tree Spices dropped 11 cents to $3.05 trading 485,518 units and Stationery and Office Supplies shed 90 cents to end at $15.95, with 3,083 stocks clearing the market.
Jamaican Teas dropped to a 52 weeks’ low of 2.20 while Main Event surged to an intraday record high of $12.50.
At the close, Access Financial climbed $2.40 in closing at $22.90, with just 20 shares crossing the market, Blue Power dipped 10 cents to $3.10 with an exchange of 600 units, Cargo Handlers advanced 13 cents to $11.13 as 3,072 stocks changed hands. Caribbean Cream shed 14 cents to close at $3.86 with investors transferring 34 stock units, Caribbean Flavours rose 13 cents to $1.75 as 88,768 shares passed through the market, Consolidated Bakeries increased 11 cents to end at $2.42 after a transfer of 200 units. Elite Diagnostic lost 35 cents in closing at $3.33 with the swapping of 17,435 stock units, Everything Fresh rallied 15 cents to $1.60 with a transfer of 202,533 stocks, Future Energy Source fell 15 cents to $5.15, with 391,288 units changing hands. General Accident popped $1.10 to close at $5.10 in trading 7,300 shares, Jamaican Teas dropped 27 cents ending at a 52 weeks’ low of $2.28 after an exchange of 871,755 stock units, KLE Group declined 34 cents to end at $1.66 while exchanging 4,274 stocks. Knutsford Express declined 30 cents to close at $8 in an exchange of 60,065 stock units, Lasco Distributors dipped 10 cents to $2.80 as investors traded 218,196 units, Lasco Financial gained 12 cents in closing at $2.83, with 1,000 shares crossing the exchange. 
Limners and Bards fell 10 cents ending at $2.40 after an exchange of 30,856 stocks, Main Event popped $1.15 to close at a record closing high of $11.50, following the trading of 212,325 units, MFS Capital Partners shed 10 cents to $2.90 trading 124,334 stock units. Spur Tree Spices dropped 23 cents to end at $3.16 in exchanging 1,078,230 shares and Stationery and Office Supplies climbed $1.65 in closing at $16.85, with 6,262 stocks crossing the market.
A total of 9,587,270 shares were traded for $29,063,432 down from 24,249,069 units at $66,587,007 on Friday.
At the close, Access Financial declined $3.19 after ending at $20.50 with investors switching ownership of 7,158 shares, Cargo Handlers shed $1.55 to end at $11 in an exchange of 5,410 units, Consolidated Bakeries dropped 39 cents in closing at $2.31 after exchanging 1,378,803 stock units. Dolphin Cove dipped 60 cents to close at $13 after an exchange of 63,390 stocks, Everything Fresh popped 13 cents to $1.45 in trading 145,000 stock units, Future Energy Source rose 14 cents to close at $5.30 as investors exchanged 737,370 shares. General Accident lost $1.05 to close at a 52 weeks’ low of $4 with a transfer of 9,968 units, Honey Bun fell 29 cents to end at $6.59 after exchanging 150 stocks, iCreate shed 18 cents to $1.81 with the swapping of 524,693 stock units. JFP Ltd fell 12 cents to $1.57 while investors exchanged 893,614 shares, KLE Group rallied 40 cents to end at $2 after a transfer of 223,500 units, Knutsford Express dipped 69 cents to $8.30 after 4,209 stocks changed hands. Lasco Distributors lost 20 cents in closing at $2.90, with 90,593 stocks crossing the market, Lasco Financial declined 29 cents to close at $2.71 as 118,224 shares passed through the market, Limners and Bards dropped 15 cents to $2.50 118,890 units changing hands. 
Mailpac Group advanced 12 cents to end at $2.15 after 116,159 stock units crossed the market, Stationery and Office Supplies declined 35 cents in closing at $15.20 with 6,569 stock units clearing the market and Tropical Battery dropped 20 cents in ending at $2.56 with an exchange of 450,450 units.
138 Student Living made it back in the Main Market TOP 10 following reporting strong full year results with the promise of more in 2023 as students return to on campus training and Medical Disposables returns to the Junior Market list.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.3, well below the market average of 13.4. At the same time, the Junior Market Top 10 PE sits at 6.2 versus the market at 12.4, an important indicator of the level of undervaluation of the ICTOP10stocks. The Junior Market is projected to rise by 224 percent and the Main Market TOP10 an average now of 298 percent, to May 2023, following an upgrading of Guardian Holdings earnings per share to $173.50 from $92 previously.
ICTOP10 focuses on likely yearly winners. Accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
A total of 24,249,069 shares were exchanged for $66,587,007, up from 7,669,560 units at $24,736,067 on Thursday. Trading averaged 621,771 shares at $1,707,359 compared to 166,730 units at $537,741 on Thursday with the month to date averaging 267,703 units at $707,986 compared to 228,023 stock units at $595,987 on the previous day. October closed with an average of 264,407 units at $832,036.
At the close, Access Financial climbed $1.69 to $23.69 with investors transferring 1,238 shares, Blue Power dropped 10 cents to close at $3.20 with the swapping of 534 stocks, Caribbean Flavours dipped 13 cents in closing at $1.62 after trading 7,500 stock units. Dolla Financial advanced 13 cents in ending at $3.43 as investors exchanged 1,165,270 units, Dolphin Cove lost 20 cents to end at $13.60 after exchanging 4,774 shares, EduFocal shed 21 cents in closing at $2.66 finishing trading of 445,757 stock units. Elite Diagnostic popped 32 cents to end at $3.72 with 4,038 stocks clearing the market, Everything Fresh declined 35 cents to $1.32 after a transfer of 10,458,798 units, Future Energy Source fell 17 cents to close at $5.16 with an exchange of 6,324,130 stocks. Indies Pharma gained 13 cents after ending at $2.85, with 3,134 stock units changing hands, JFP Ltd fell 11 cents to $1.69, with 2,156,657 units crossing the market, Lasco Distributors rose 25 cents in closing at $3.10 after 464,538 shares changed hands.
Limners and Bards rallied 27 cents to $2.65 in an exchange of 26,244 stocks, Mailpac Group lost 10 cents to end at $2.03, with 277,170 shares crossing the market, Main Event climbed 25 cents to close at $10.35 in exchanging 47,585 stock units and Stationery and Office Supplies dipped 45 cents to end at $15.55 and closed with 14,240 units changing hands.
A total of 7,669,560 shares were traded for $24,736,067 compared to 5,241,850 units at $16,012,234 on Wednesday.
At the close, Access Financial shed $1.69 to close at $22, with 150 shares passed through the market, Blue Power increased 10 cents to $3.30 with an exchange of 329 stocks, Caribbean Assurance Brokers fell 20 cents to close at $2.39 as investors exchanged 345,279 units. Consolidated Bakeries shed 18 cents to end at $2.71 as 2,885 stock units passed through the market, Elite Diagnostic dipped 17 cents in closing at $3.40 after exchanging 130,430 stock units, Everything Fresh lost 10 cents in ending at $1.67 in an exchange of 1,453 shares. Express Catering dropped 19 cents in closing at $5.01 in exchanging 300 stocks, Future Energy Source rose 14 cents to close at $5.33, with 112,325 units crossing the exchange, Indies Pharma dipped 15 cents to end at $2.72 after trading 48,422 stocks. ISP Finance dropped $1 to $15 in trading 5,000 shares, KLE Group declined 41 cents to $1.60 after 21,215 units crossed the market, Limners and Bards fell 32 cents to $2.38 with investors transferring 139,050 stock units. 
Medical Disposables lost 35 cents in closing at $5.15 after trading 1,000 stock units, MFS Capital Partners climbed 42 cents to close at $2.96 while exchanging 28,387 stocks and Stationery and Office Supplies shed 50 cents to end at $16 with 5,642 units clearing the market.
