Access Financial

Big jump for Junior Market

May 3, 2021 by IC Insider.com

Investors sent stocks flying 67.55 points after nearly two hours of trading on Monday, but prices retreated by the close, with the market holding on to a robust 57.04 points to end at 3,239.40 after more stocks advanced than declined after an exchange of 82 percent fewer shares valued 85 percent less than on Friday on the Junior Market of the Jamaica Stock Exchange.
Trading took place in 39 securities similar to Friday, with prices of 18 rising, 11 declining and 10 remaining unchanged.
At the close, the PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 12.6.
The market closed with an exchange of 7,337,555 shares for $20,043,954 versus to 41,104,139 units at $134,379,491 on Friday. Future Energy Source led trading with 25.6 percent of total volume after trading 1.88 million shares, followed by Jamaican Teas with 16 percent for 1.17 million units and Mailpac Group with 14.3 percent, with 1.05 million units.
Trading averaged 188,142 units at $513,948, in contrast to 1,053,952 at $3,445,628 on Friday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial fell $2.29 to $20.06 after trading 210 stocks, Caribbean Cream rose 53 cents to $6.15 with 3,178 shares crossing the exchange, Consolidated Bakeries climbed 13 cents to $1.65 in trading 800 units, Elite Diagnostic rose 6 cents to $3.12 in exchanging 2,100 stocks. Everything Fresh gained 5 cents to finish at $1.15 in switching ownership of 9,398 shares, Express Catering rose 4 cents to $4.54 in the swapping of 400 stocks, Fontana lost 15 cents to settle at $5.80 with an exchange of 122,883 shares. Fosrich shed 45 cents to close at $7 in a transfer of 140,661 stock units, Honey Bun ended 10 cents higher at $6.05 in switching ownership of 315,886 units. Iron Rock Insurance gained 33 cents to close at $3.35 in an exchange of 6,850 stock units, Jamaican Teas lost 9 cents in ending at $4.10 in transferring 1,174,452 shares. Lasco Distributors ended 7 cents lower at $3.90 after 34,210 shares cleared the market. Lasco Financial gained 9 cents to close at a 52 weeks’ high of $3.19 in trading 184,496 stock units, Lasco Manufacturing lost 19 cents to finish at $5.01 with 10,348 stocks changing hands, Lumber Depot fell 4 cents to end at $2.90 in the swapping of 387,689 units. Mailpac Group rose 16 cents to $3.76 with an exchange of 1,049,783 shares, Medical Disposables advanced $1.12 to $5.55 with the transfer of 92,026 units, Paramount Trading advanced 4 cents to close at $1.35 after exchanging 1,540 stocks. SSL Venture advanced 4 cents to 69 cents after 1,200 stock units changed hands, Stationery and Office Supplies rose 59 cents to $6.30 in exchange of 174 units and tTech advanced 32 cents to $4.90 with the swapping of 120,000 stock units.
In the preference segment, CAC 2000 9.5% preference share lost 32 cents to end at $1.08 with the swapping of 22,812 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

JamTeas gains 111% to top ICTOP10 picks

May 2, 2021 by IC Insider.com

Six Main Market ICTOP15 stocks raked between 23 and 37 percent year to date and seven of the Junior Market picks produced gains from 22 percent to 111 percent for the first four months of 2021.

Jamaican Teas stock price is up 1115 for 2021 and up 234% in just under a year.

The only top performing Main Market stocks for the period not captured by the TOP15 are Ciboney, up a stunning 121 percent at 53 cents, even after the price move up to just over $2 earlier this year, followed by Salada Foods with an incredible rise of 147 percent, Eppley Property Fund with an increase of 46 percent and Proven Investments gaining 28 percent.
The top performing Junior Market stocks to date that were not in the ICTOP15 are Fosrich with a gain of 86 percent, Blue Power 56 percent, Express Catering up 29 percent, Caribbean Flavours at 33 percent and Lasco Manufacturing with a 35 percent increase.
The highlight of the stock market this past week was the 216 percent surge in Carib Cement’s profit, from record revenues that jumped 31 percent for the 2020 first quarter. As expected, the stock jumped to a 52 weeks’ high of $95.50. The company was one of ICTOP 15 listings at the start of the year and is up 40 percent so far and still has much more gains ahead of it. The other notable development is the Main Market recording of gains for 14 days unbroken.
Other stocks in the TOP15 list that have gone on to do well are Carreras up 37 percent, Grace Kennedy with a rise of 35 percent, Jamaica Producers up 33 percent, QWI Investments up 25 and Seprod 23 percent in the Main Market. In the Junior Market, the winners are Caribbean Cream with a gain of 34 percent, Caribbean Producers up 41 percent, Stationery and Office Supplies with a gain of 25 percent. Now out of the top listings are Jamaican Teas with a 111 percent gain for the year to date, Lumber Depot up 88 percent, Lasco Distributors with a rise of 22 percent and MailPac up 25 percent. Future Energy Source that was added to ICTOP 10 earlier this year has a gain of 28 percent, but much more is expected for these stocks in the rest of the year.
There are no changes to companies on the ICTOP10 listings this week. The bullish tone of the Junior Market and the Main Market continues, with more gains expected in the coming week supported by strong technical signals and fundamentals of stocks and the overall market.
Watch these stocks over the next few weeks, Barita Investments, Caribbean Cement, Grace Kennedy, Jamaica Producers, PanJam Investment and Sagior Group, MailPac, Access Financial, Lasco Financial, Lasco Distributors, Caribbean Cream, ISP Financial.
The top three stocks in the Junior Market are headed by Elite Diagnostic, followed by Main Event and Medical Disposables, with the potential to gain between 261 to 293 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by PanJam Investment and Jamaica Broilers, with expected gains of 181 to 410 percent.
This week’s focus: Fosrich reported a 22 percent rise in revenues to $549 million, up from $449 million in the prior year with gross profit rising 13 percent to $192 million, from $170 million in 2020 with net profit surging 697 percent to $38.4 million, from only $4.8 million in the 2020 first quarter. Earnings per share jumped to 8 cents from one cent in 2020. Administrative expenses fell slightly to $144 million, from $146 million in 2020 and finance cost slipped to $24.8 million compared to $26.2 million in the 2020 quarter.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Junior Market, with an average PE 13 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17; this represents another 31 percent rise in the market that would equate to a rise of 50 percent to March 2022. The Junior Market Top 10 stocks average a mere 5.8 at just 44 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16.5, some distance from the 19 the market ended March, suggesting a 20 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7 or 46 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 248 percent and 175 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, FESCO, Future Energy Source, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

One day pull back for Junior Market

April 30, 2021 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange pulled back from the 3,200 index mark that it closed on Thursday to end trading on Friday, with a loss of 20.09 points to end at 3,182.36 after Main Event took over the lead trade from Future Energy that dominated trading for the previous five days.

Main Event ended with the largest trade on Friday,

Trading ended with 39 securities changing hands compared to 34 on Thursday and closed with the prices of 19 stocks rising, 15 declining and five remaining unchanged, in addition, three stocks closed trading at record highs.
At the close, the Junior Market Index dropped 20.09 points to settle at 3,182.36. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 13.
The market closed with an exchange of 214 percent more shares than on Thursday, ending with 41,104,139 units traded, with a 603 percent increase in value of $134,379,491 compared to 13,061,149 units at $19,126,005 on Thursday. Main Event controlled 74.2 percent of total volume with an exchange of 30.50 million shares followed by Future Energy Source 10.7 percent with 4.4 million units, Jamaican Teas had 4.1 percent, with 1.68 million units, Lumber Depot chipped in with 2.8 percent for 1.16 million units and Lasco Manufacturing held on to 2.5 percent after trading 1.03 million.
Trading averaged 1,053,952 units at $3,445,628 in contrast to 384,151 at $562,530 on Thursday. Trading month to date averaged 329,241 units at $854,716, compared to 287,738 units at $706,338 on Thursday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, Access Financial gained 35 cents to end at $22.35 after exchanging 45,213 shares, CAC 2000 rose 50 cents to $10 with 120 sock units crossing the exchange. Caribbean Assurance Brokers picked up 5 cents to close at $2.05 in the trading of 1,250 stocks, Caribbean Cream shed 57 cents to end at $5.62 with the swapping of 8,511 units. Caribbean Flavours lost 12 cents to finish at $2.25 after a transfer of 31,000 shares, Caribbean Producers gained 10 cents to close at $3.95 with the swapping of 63,740 units, Consolidated Bakeries fell 18 cents to $1.52 with 3,874 stocks clearing the market. Elite Diagnostic ended 6 cents lower at $3.06 after an exchange of 19,739 stock units, Express Catering gained 15 cents to close at $4.50 with 11,650 shares crossing the market, Fosrich rose 42 cents to a record close of $7.45 in the swapping of 92,908 units, Honey Bun rose 66 cents to $5.95 after clearing the market of 77,858 units. Jamaican Teas gained 29 cents to close at a record high of $4.19 in an exchange of 1,676,714 units. Jetcon Corporation lost 5 cents at 85 cents with a transfer of 1,000 shares, Knutsford Express shed 17 cents to end at $8.60 with investors switching ownership of 42,421 stocks, Limners and Bards ended 8 cents higher at $2.80 with an exchange of 153,020 shares, Lumber Depot gained 14 cents to close at a record high of $2.94 in trading 1,161,602 shares. Main Event declined 70 cents to end at $3.50 with 30,502,293 units changing hands, Medical Disposables rose 24 cents to close at $4.43 trading 2,123 units and tTech gained 8 cents to end at $4.58 in switching ownership of 200 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Fesco tops Junior Market trading

April 28, 2021 by IC Insider.com

Add your HTML code here...

Future Energy Source (Fesco) continued its dominance for the fourth consecutive day on Wednesday, commanding over 52 percent of total volume in trading 8.7 million shares on the Junior Market on Wednesday.
Following Fesco’s lead, Lasco Manufacturing chipped in with 1.79 million shares accounting for 10.7 percent of the day’s trade. Jamaican Teas garnered a 9.5 percent market share, with a transfer of 1.58 million units as the stock hit a record high ahead of second quarter results due in May and Tropical Battery ended with 1.45 million units changing hands, for 8.7 percent of the market.
The Junior Market of the Stock Exchange ended trading with 23 percent more shares than on Tuesday, resulting in 37 securities changing hands, down from 40 on Tuesday, with 19 stocks rising, 15 declining and three remaining unchanged.
The Junior Market Index rose 27.79 points to close at 3,178.47. The PE Ratio averages 13 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 16,660,091 shares traded on Wednesday for $35,210,071 compared to 21,735,274 units at $33,358,438 on Tuesday.
Trading averaged 450,273 units at $951,624 in contrast to 543,382 at $833,961 on Tuesday. The month to date, averages 282,671 units at $713,895, up from 272,505 shares at $699,475 on Tuesday. Trading in March resulted in an average of 252,633 units at $733,196.
The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial rose 50 cents to $22 with an exchange of 6,745 shares, Blue Power jumped 60 cents to $4.35 in switching ownership of 227,988 stocks, Caribbean Assurance Brokers slipped 10 cents to $2.05 with 27,347 units changing hands. Caribbean Flavours climbed 35 cents to $2.35 with 352,845 shares traded, Consolidated Bakeries declined 10 cents to $1.70 with a transfer of 13,500 stocks, Everything Fresh gained 16 cents to close at $1.13 with 102,687 units passing through the market. Express Catering lost 10 cents to finish at $4.40 with an exchange of 45,838 shares, Fontana advanced 20 cents to $5.96 with investors switching ownership of 69,904 units, Fosrich jumped 84 cents to $7.04 with 34,332 stocks changing hands. iCreate slipped 6 cents to settle at 73 cents with 160,572 shares traded, Indies Pharma rose 5 cents to $4.31 with a transfer of 140,683 units, Iron Rock Insurance slipped 10 cents to $3 with 18,360 stocks passing through the market. Jamaican Teas gained 16 cents to close at a 52 weeks’ high of $3.85 with an exchange of 1,584,969 stock units, Jetcon Corporation fell 13 cents to 85 cents with 2,000 shares changing hands, Knutsford Express jumped $1.77 to $8.77 with 5,107 units traded. Lasco Distributors increased 14 cents to $3.99 with a transfer of 34,686 stocks, Lasco Financial rose 9 cents to $2.99 with 8,711 shares passing through the market, Lasco Manufacturing dropped 45 cents to $4.80 with an exchange of 1,788,059 stock units. Lumber Depot gained 8 cents to close at $2.58 with investors switching ownership of 375,943 units, Main Event advanced 60 cents to settle at $4.70 with 3,000 stocks changing hands, SSL Venture rose 7 cents to 62 cents with 150,285 stock units traded. Stationery and Office Supplies jumped 77 cents to finish at $6.37 with a transfer of 33,573 units and tTech fell 10 cents to $4.50 with 510 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Fesco dominates Junior Market again

April 27, 2021 by IC Insider.com

Future Energy Source (Fesco) continued to lead trading for a third day with 13.57 million shares amounted to 62.4 percent of the total volume, followed by Caribbean Flavours with 2.62 million units for 12.1 percent and Tropical Battery with 2.08 million units for 9.6 percent and Jamaican Teas ended with 1.20 million units changing hands and accounting for 5.5 percent at the close the Junior Market of the Jamaica Stock Exchange on Tuesday.
Overall, 40 securities traded, up from 38 on Monday and ended with the prices of 18 rising, 14 declining and eight, with closing unchanged.
The Junior Market Index fell 23.83 points to 3,150.68. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, 21,735,274 shares changed hands for $33,358,438 compared to 23,395,893 units at $32,100,797 on Monday.
Trading averaged 543,382 units at $833,961 in contrast to 615,681 at $844,758 on Monday. The month to date, averaged 272,505 units at $699,475, compared to 253,496 units at $690,037 on Monday. March averaged 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Assurance Brokers advanced 21 cents to $2.15 with an exchange of 10,458 shares, Caribbean Cream shed 58 cents to finish at $5.61, with 675 units changing hands, Caribbean Flavours fell 21 cents to $2 with a transfer of 2,619,470 stocks. Consolidated Bakeries increased 25 cents to $1.80, with 3,700 stock units traded, Express Catering rose 5 cents to $4.50 with ownership of 35,909 shares changing, Fontana dropped 23 cents to $5.76 with 51,671 units passing through the market. Fosrich gained 20 cents to settle at $6.20 with an exchange of 16,079 stock units, Future Energy Source slipped 5 cents to $1.02 with 13,571,032 stocks changing hands, General Accident lost 8 cents to finish at $5.76 with a transfer of 500 shares. Iron Rock Insurance rose 15 cents to $3.10 with 11,000 units traded, Jamaican Teas climbed 18 cents to $3.69 with investors switching ownership of 1,202,096 stocks, Jetcon Corporation gained 15 cents to close at 98 cents, with 51,874 shares passing through the market. KLE Group declined by 34 cents to end at $1.05 with an exchange of 175 units, Knutsford Express shed $1.91 to settle at $7 with 425 stocks changing hands, Lasco Distributors rose 5 cents to $3.85 with a transfer of 219,103 shares.

Lasco Financial fell 15 cents to $2.90 with 1,596 units traded, Lasco Manufacturing lost 20 cents to finish at $5.25 with investors switching ownership of 122,158 stock units, Main Event dropped 60 cents to $4.10 with a transfer of 9,210 stocks and Stationery and Office Supplies gained 10 cents to close at $5.60 with 7,281 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Fesco dominates Junior Market

April 26, 2021 by IC Insider.com

Newly listed Future Energy Source (Fesco) dominated trading on the Junior Market for the second trading day with just under 87 percent of the volume, with the price rising to $1.16 in early trading before pulling back, later on, to end at a record close of $1.09.
Traders exchanged 23,395,893 shares for $32,100,797 compared to 26,069,242 units at $47,035,182 on Friday.
Fesco led trading with 86.8 percent of total volume, with 20.30 million shares followed by Jamaican Teas 4 percent of the day’s trade with 934,196 units, while Fontana trading of 390,567 shares secured 1.7 percent of the overall volume.
Trading ended with 38 securities changing hands compared to 34 on Friday and concluded with the prices of 15 stocks rising, 14 declining and nine remaining unchanged.
The Junior Market Index climbed 23.96 points to settle at 3,174.51 after breaking through the 3,200 mark at the opening of the market and peaking at 3,203,03 after 9 minutes into trading. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 12.8.
Trading averaged 615,681 units at $844,758 in contrast to 766,742 at $1,383,388 on Friday. Trading month to date, averages 253,496 units at $690,037, compared to 227,626 units at $678,986 on Friday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, AMG Packaging slipped 7 cents to $1.72 trading 35,100 shares, Blue Power fell 7 cents to $3.73 with a transfer of 15,653 units, CAC 2000 rose 50 cents to $10 trading 9 stocks. Caribbean Assurance Brokers fell 16 cents to $1.94, with an exchange of 89,429 stock units, Caribbean Cream lost 10 cents to close at $6.19 with 4,064 shares changing hands, Caribbean Flavours fell 9 cents to $2.21 with 92,235 units traded. Caribbean Producers declined 5 cents to end at $3.85 with a transfer of 5,051 stocks, Elite Diagnostic gained 10 cents to settle at $3.10 with 2,000 stock units passing through the market, Fontana advanced 24 cents to $5.99 with an exchange of 390,567 shares.

Fosrich dropped 50 cents to $6 with 36,236 units changing hands, Indies Pharma rose 6 cents to $4.25 with 72,206 stocks traded, Iron Rock Insurance dropped $1.05 to $2.95 with a transfer of 1,850 stock units. Jamaican Teas lost 9 cents to end at $3.51 with 934,196 shares passing through the market, Jetcon Corporation gained 5 cents to close at 83 cents with an exchange of 11,700 units, Mailpac Group rose 12 cents to $3.54 with 88,702 stock units changing hands. Main Event jumped 65 cents to $4.70 with 13,526 shares traded, Medical Disposables rose 9 cents to $4.19 with a transfer of 68,372 stock units, Paramount Trading increased by 11 cents to $1.41 with investors switching ownership of 40,000 units and tTech advanced 19 cents to $4.60 with 568 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Fesco jumps ICTOP10 with 33% gains

April 24, 2021 by IC Insider.com

Future Energy Source commenced trading on the Junior Market on Friday and closed with a 33 percent gain from the 80 cents public offer price offer to close at $1.06. Its performance saw it slipping from the ICTOP10 list but with room for more growth based on expected 2021/2 earnings.
Future Energy Source was replaced by Main Event, with the latter falling from $4.74 last week to $4.05 this week. The Main Market TOP 10 saw no change to companies on the list. The bullish tone of the Junior Market was joined by the Main Market this past week, with the latter now breaking out of a narrow channel it was trading in for some time, as this publication suggested would happen soon.
The markets made more gains in the past week, with the Main Market recording its ninth day of unbroken gains on Friday, but technical signals suggest a continuation of the rally.
Watch these stocks over the next few weeks, Barita Investments, Caribbean Cement, Grace Kennedy, Jamaica Producers, NCB Financial, PanJam Investment and Sagior Group.
The top three stocks in the Junior Market are headed by Elite Diagnostic, followed by Medical Disposables and Jetcon Corporation, with the potential to gain between 285 to 300 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by PanJam Investment and VM Investments, with expected gains of 174 to 388 percent.
Added to the technical indicators is a limited supply of shares for some companies. One such is Caribbean Cream that currently has few offers on the board. The same goes for Elite Diagnostic, Stationery and Office Supplies, Lasco Financial, Main Event, ISP Financial, Cargo Handlers. In the Main Market, its Berger Paints, Jamaica Producers and Radio Jamaica.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Junior Market, with an average PE 12.9 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17; this represents another 32 percent rise in the market that would equate to a rise of 50 percent to March 2022. The Junior Market Top 10 stocks average a mere 5.8 at just 45 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16, some distance from the 19 the market ended March at, suggesting a 19 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.5 or 47 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 247 percent and 178 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Daily Trading, Emerging markets, FESCO, Future Energy Source, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Main Even, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Fesco jumps 33% on listing debut

April 23, 2021 by IC Insider.com

Freshly listed Future Energy Source dominated market activity with just over 75 percent of the total volume traded with a record closing price of $1.06 or 33 percent gain on the opening price of 80 cents after the total volume traded jumped 487 percent and the value, 157 percent above Thursday outturn at the close of the Junior Market of the Jamaica Stock Exchange on Friday.
The market index ended with a gain of 13.99 points at 3,150.55, with an increase of 19 2 percent year to date. Trading ended with 34 securities changing hands compared to 35 on Thursday and closed with the prices of 12 stocks rising, 14 declining and eight closing unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 12.9.
The market closed with an exchange of 26,069,242 shares for $47,035,182 upon the 4,442,267 units at $18,272,766 on Thursday. Following the volume leader are Lasco Distributors with 6.9 percent for 1.8 million units, Fosrich 4.4 percent with 1.15 million units and Fontana with 2.3 percent for 589,842 shares changing hands.
Trading averaged 766,742 units at $1,383,388 in contrast to 126,922 at $522,079 on Thursday. Trading month to date averages 227,626 units at $678,986, up from 190,819 units at $630,894 on Thursday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, Caribbean Cream rose 79 cents to $6.29, with 5,065 shares crossing the market. Caribbean Producers lost 10 cents in closing at $3.90, with an exchange of 324,420 stock units, Elite Diagnostic shed 14 cents to close at $3 in the transferring of 69,628 units, Everything Fresh ended 5 cents lower at $1 with the swapping of 700 units. Express Catering rose 34 cents to $4.45 in trading 91,353 shares, Fontana lost 5 cents to close at $5.75 with 589,842 stocks changing hands, Fosrich fell 48 cents, ending at $6.50 in switching ownership of 1,150,146 shares. Future Energy Source advanced 26 cents to end at a record $1.06 with 19,680,813 stocks crossing the market, Indies Pharma picked up 7 cents to close at $4.19 trading 89,595 shares. Iron Rock Insurance rose 20 cents to $4 with 5,263 shares crossing the market, Jamaican Teas gained 10 cents to close at $3.60 in the swapping of 577,253 shares, Jetcon Corporation ended 6 cents lower at 78 cents after 4,000 stock units cleared the market, Lasco Manufacturing rose 75 cents in closing at a 52 weeks’ closing high of $5.45 with a transfer of 49,020 stocks. Lumber Depot carved out a gain of 2 cents to close at $2.49 after trading 505,232 units, Mailpac Group declined 8 cents to close at $3.42 with 305,323 stock units changing hands and Main Event dropped 40 cents to end at $4.05 after trading 36,163 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Paramount Trading, Stationery and Office, Trading Activity

Junior Market gains 18.7% YTD

April 22, 2021 by IC Insider.com

After taking a battering in March last year with the market index dropping 39 percent from the end of 2019 to the bottom in March last year, junior Market stocks have put in a spirited recovery with the marketing adding 23.63 points to 3,136.56 on Thursday with a rise of 18.7 percent for 2021 to date and 54 percent from the March 2020 low point for the year for the Junior Market of the Jamaica Stock Exchange.
Overall, 35 securities traded compared to 36 on Wednesday, with prices of 11 rising, 20 declining and four remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 12.9
The market closed with an exchange of 4,442,267 shares for $18,272,766, up from 4,400,394 units at $13,254,158 on Wednesday. Lasco Manufacturing led trading with 51.8 percent of total volume trading 2.3 million shares followed by Mailpac Group with 10.8 percent for 478,805 units and Derrimon Trading with 9.2 percent market share for 406,825 units for 9.2 percent.
Trading averaged 126,922 units at $522,079, in contrast to 122,233 at $368,171 on Wednesday. Trading month to date averages 190,819 units at $630,894, compared to 195,649 units at $639,120 on Wednesday. March closed with a higher average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Access Financial rose 40 cents to close at $21.50 with the trading of 10 shares, Caribbean Assurance Brokers picked up 14 cents to end at $2.14 after an exchange of 4,000 shares, Caribbean Cream fell 40 cents to $5.50 in a transfer of 4,116 stock units, Caribbean Flavours lost 5 cents in closing at $2.30 in trading 99,017 stock units. Caribbean Producers ended 20 cents higher at $4 with investors switching ownership of 111,856 units. Consolidated Bakeries shed 4 cents to end at $1.51 in an exchange of 10 shares, Elite Diagnostic gained 14 cents in ending at $3.14 after a transfer of 20,782 stocks. Express Catering shed 39 cents to end at $4.11 with the swapping of 88,449 stock units, Fontana lost 5 cents to settle at $5.80 with 69,879 stocks changing hands. Fosrich slipped 7 cents in closing at $6.98 in switching ownership of 28,721 shares, General Accident rose 30 cents to finish at $5.80 with an exchange of 26,529 stocks, Indies Pharma shed 13 cents to end at $4.12 after trading 84,271 units, Jetcon Corporation picked up 6 cents in closing at 84 cents with 5,120 stock units crossing the exchange, Knutsford Express fell 10 cents to close at $8.90 finishing with 1,210 stocks changing hands. Lasco Distributors shed 15 cents to end at $3.84 in switching ownership of 28,431 units, Lasco Manufacturing gained 5 cents to end at $4.70 with the swapping of 2,302,500 shares after it traded at a 52 weeks’ intraday high of $5. Mailpac Group lost 6 cents in closing at $3.50 in the trading of 478,805 stocks, Main Event shed 35 cents to end at $4.45 after clearing the market with 4,910 stock units, Medical Disposables closed 40 cents lower at $4.10 with 35,096 shares crossing the exchange, at the same time Stationery and Office Supplies lost 7 cents to end at $5.50 in the trading of 11,676 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Junior Market hits 3,113

April 21, 2021 by IC Insider.com

Traders took another stab of breaking through the 3,100 barrier and succeeded in staying above at the close on Wednesday, with the market index jumping 48.60 points to 3,112.93 after the market opened with a rise of just over 35 points at 3,099.73 and then broke to 3,103.34 with just 9 minutes of the opening and then gradually moved up at the close of the Junior Market.

Trading ended with 36 securities changing hands compared to 37 on Tuesday and closed with the prices of 16 stocks rising, 15 declining and five remaining unchanged. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings averages 13.
The market closed with an exchange of 55 percent fewer shares with 64 percent less than on Tuesday, as 4,400,394 shares traded for $13,254,157 compared to 9,724,544 units at $37,278,300 on Tuesday. Caribbean Assurance Brokers led trading with 22.9 percent of total volume for 1 million shares, followed by Lasco Manufacturing with 22.7 percent for 997,854 units and Tropical Battery 15.6 percent for 65,135 units changing hands.
Trading averaged 122,233 units at $368,171 in contrast to 262,826 at $1,007,522 on Tuesday. Month to date averaged 195,649 units at $639,120, compared to 201,838 units at $661,964 on Tuesday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Access Financial rose 99 cents to end at $21.10 with the swapping of 3,274 shares, AMG Packaging climbed 9 cents ending at $1.82 with 1,756 stocks crossing the exchange, Blue Power gained 30 cents to close at $3.80 in the transfer of 347 shares. Caribbean Cream fell 50 cents to $5.90 after 5,055 units crossed the exchange, Caribbean Flavours picked up 15 cents to close at $2.35, with 121,821 shares crossing the market. Caribbean Producers finished 9 cents higher at $3.80 in trading 197,945 stock units, Consolidated Bakeries shed 24 cents to close at $1.55 in an exchange of 575 units, Elite Diagnostic lost 15 cents to end at $3 with a transfer of 27,319 shares. Fontana shed 15 cents to settle at $5.85, with 28,318 shares crossing the market. Fosrich gained 5 cents in closing at $7.05 with 41,501 stocks changing hands, Indies Pharma rose 24 cents ending at $4.25 in switching ownership of 151,041 stocks. Jamaican Teas gained 12 cents to close at $3.50 with the swapping of 406,045 shares, Knutsford Express advanced 70 cents to a 52 weeks’ high of $9 in the trading of 545 units. Lasco Distributors gained 24 cents to end at $3.99 after a transfer of 10,950 stocks. Lasco Manufacturing picked up 6 cents to finish at $4.65 with 997,854 shares clearing the market, Main Event lost 12 cents to end at $4.80 in switching ownership of 2,128 units, Medical Disposables closed 15 cents lower at $4.50 with an exchange of 265 shares, Paramount Trading shed 8 cents ending at $1.33 after an exchange of 500 stocks. At the same time, Stationery and Office Supplies rose $1.03 in closing at $5.57, with investors switching ownership of 38,970 stock units.
In the preference segment, CAC 2000 9.5% preference shares rose 29 cents to close at $1.40 after clearing the market with 570 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.