Berger Paints — Page 112

JSE Main Market drops – Wednesday

April 22, 2020 by IC Insider.com

For the second consecutive day, Main Market stocks moved ahead of the previous day’s close, with the JSE index surpassing 388,000 points in early on Wednesday, just as it played out on Tuesday, with the market failing to hang to the gains at the close of trading.
At the close, the JSE All Jamaican Composite Index declined by 1,972.21 points to 421,131.86, the JSE Market Index fell 1,936.13 points to 383,725.38 and the JSE Financial Index slid 0.40 points to 104.29. The Main Market has gone seven days without closing with gains in the Indices.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 15 stocks advancing, 23 declining and eight securities trading firm. The JSE Main Market activity ended with 40 securities accounting vastly higher volume and value that on Tuesday as 129,075,289 units valued at $205,583,712 crossed the market, in contrast to 33,848,653 units valued at $70,459,639 from 39 securities on Tuesday.
QWI Investments led trading with 91.2 million shares for 70.6 percent of total volume, followed by Wigton Windfarm with 26.4 million units for 20.4 percent of the day’s trade and Trans Jamaican Highway with 6.4 million units for 5 percent market share. Pulse Investments was the only other stock trading more than one million units, as it ended trading with 1.46 million units.
The Market closed with an average of 3,226,882 units valued at $5,139,593 for each security traded, in contrast to 867,914 units valued at an average of $1,806,657 on Tuesday. The average volume and value for the month to date amount to 1,105,053 units valued at $3,825,298 for each security changing hands, compared to 960,218 units valued at $3,728,658 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.4 times 2020/21 earnings.
In the Main Market, Berger Paints lost 50 cents to end at $13.50, in transferring 1,100 units, Caribbean Cement closed at $46.50, with a loss of 50 cents after exchanging 1,315 units, Carreras finished 53 cents lower at $6.20, after trading 194,352 shares. First Rock Capital gained 32 cents swapping 1,680 units and closing at $11, Grace Kennedy shed 65 cents to end at $57.35, with 762,082 shares crossing the exchange, Jamaica Producers climbed $2.78 to $19, with 9,039 stock units changing hands. Jamaica Stock Exchange rose 98 cents to end at $21.98, in trading 81,638 shares, JMMB Group ended at $37.99, with gains of $1.05 and the exchanging 213,440 stock units, MPC Caribbean Clean Energy declined by $29 to $147, in swapping 100 units. NCB Financial Group closed $1.92 higher to $154.93, after transferring 142,312 shares, PanJam Investment gained 58 cents and ended at $74.78, trading 6,709 stock units, Proven Investments closed 50 cents lower to $36, in exchanging 563 shares. Salada Foods fell by $2.05 to $26.95 trading 151 units, Scotia Group lost 41 cents to finish at $45.01, with an exchange of 6,276 stock units, Seprod closed with a loss of 49 cents in transferring 12,903 stock units to finish at $47.50 and Sygnus Credit Investments picked up 50 cents to end at $16.50, with 54,861 shares changing hands.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

4th day of JSE Main Market decline

April 20, 2020 by IC Insider.com

In Monday’s trading, the Jamaica Stock Exchange suffered a fourth day of decline since last week, with the previous two being moderate compared to the previous two. The prices, stocks last traded at, outnumbered those rising, by a slight margin.
At the close, the JSE All Jamaican Composite Index declined by 2,223.70 points to 423,525.55, the JSE Market Index fell by 1,987.23 points to 386,073.15 and the JSE Financial Index lost 0.49 points to 105.26.
The market closed with 48 securities changing hands in the Main and US dollar markets with prices of 19 stocks advancing, 16 declining and 13 securities trading firm. The JSE Main Market activity ended with 43 securities accounting for 32,486,595 units valued at $76,301,597, in contrast to 22,927,942 units valued at $296,270,700 from 41 securities on Friday.
QWI Investments led trading with 25.5 million shares for 78.3 percent of total volume followed Wigton Windfarm with 2.5 million units for 7.6 percent of the day’s trade and Trans Jamaican Highway with 1.6 million units for 4.8 percent of the market’s volume.
The Market closed with an average of 755,502 units valued at $1,774,456 for each security traded, in contrast to 559,218 units valued at an average of $2,187,500 on Friday. The average volume and value for the month to date amount to 966,799 units valued at $3,877,090 for each security changing hands, compared to 984,827 units valued at $4,072,790 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and three stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.6 times 2020/21 earnings.
In the Main Market, Caribbean Cement declined $1.40 to $47.10, with an exchange of 60,519 shares, Carreras gained 69 cents to finish at $6.75, in trading 149,551 shares, Eppley climbed $2.20 to $17, with a transfer of 500 units. Eppley Caribbean Property Fund ended at $35, with gains of $1, in the swapping of 510 units, First Rock Capital picked up 32 cents transferring 13,613 stock units and closed at $11, Jamaica Stock Exchange finished at $21.01, with a loss of $1.90 after exchanging 14,001 stock units. JMMB Group rose 40 cents to close at $37.40, in trading 14,104 stock units, 138 Student Living ended at $6.70, after a losing 30 cents swapping 1,276 units, PanJam Investment rose $1.75 to $77.75, with 126,281 shares changing hands. Proven Investments added 39 cents to finish at $38.49, with a transfer of 2,300 units, Sagicor Group closed at $50, after picking up $1 trading 39,750 shares, Salada Foods gained $1 swapping only I unit at $29. Scotia Group shed 80 cents to finish at $45.01, with an exchange of 61,455 shares, Seprod rose 99 cents to $45.99 trading 5,496 units, Supreme Ventures lost 48 cents transferring 509,318 shares to end at $15. Sygnus Credit Investments closed at $17, with gains of $2 swapping 24,526 stock units and Wisynco Group climbed $2.80 to $18.80, ending with 348,655 shares changing hands.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Four changes to IC TOP 10

April 19, 2020 by IC Insider.com

The Main and the Junior Market of the Jamaica Stock Exchange saw investors taking profit after a robust run since the second half of March, up to last Tuesday after reopening from the Easter holiday break. At the close of the week, IC Insider.com TOP 10 stocks had four changes to the lists.

Image courtesy of suphakit73/FreeDigitalPhotos.net

The Main Market closed the week with one change as Caribbean Cement climbed 14 percent to $48.50, from $42.50. The latest entrant is Eppley, with the price falling to $14.80 from $17 at the close of the prior week. The more volatile Junior Market ended with three changes. Moving on from the Junior Market TOP 10 are Caribbean Assurance Brokers that traded at a new high during the week, Lasco Distributor and Stationery and Office Supplies. New entrants to the list are Mailpac Group, Elite Diagnostic and Medical Disposables after the prices of all three fell at the end of the week.
The three top Junior Market stocks remain unchanged from last week with Caribbean Producers leading, followed by KLE Group and Lasco Financial with the potential to gain between 300 to 533 percent by 2021. In the Main Market, Berger Paints leads the pact, followed by Radio Jamaica and Sygnus Credit Investments with projected gains of 180 to 186 percent.
Significant uncertainties exist in the economy and the financial markets; accordingly, it is not possible to determine the exact impact on company earnings for the rest of the year. Actual earnings could vary materially from IC Insider.com’s forecast. Looking beyond the immediate fallout or benefits for companies can be useful in guiding investment decisions for above-average gains in the period ahead.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after this year’s second quarter and up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 13 and the Junior Market a mere 9, based on current 2020/21 earnings. The PE ratio for Junior Market Top 10 stocks averages a just 5.4 with the Main Market at a much higher level of 8.2.
The TOP 10 stocks now trade at a discount of 40 percent of the average for Junior Market and Main Market stocks trade at a discount of 37 percent to the overall market. The average projected gain for the IC TOP 10 stocks is 296 percent from 278 percent last week, for the Junior Market and 146 percent from 139 percent last week for the JSE Main Market, based on 2020/21 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

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

Filed Under: Buy Rated, JSE Combined, Stock Market Tagged With: Berger Paints, CAC2000, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, KLE Group, 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

JSE main market sheds more value

April 17, 2020 by IC Insider.com

Add your HTML code here...

The bears took another swipe at Jamaica Stock Exchange stocks on Friday and, in the process, cut more points off the market indices at the close on Friday and still left the recovery from the lows reached in March intact.
At the close, the JSE All Jamaican Composite Index declined by 2,030.54 points to 425,749.25, the JSE Market Index fell 1,694.44 points to 388,060.38 and the JSE Financial Index lost 0.25 points to 105.75.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 15 stocks advancing, 19 declining and 11 securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 22,927,942 units valued at $89,687,496, in contrast to 146,823,904 units valued at $296,270,700 from 44 securities on Thursday.
Trans Jamaican Highway led trading with 15.1 million shares for 66 percent of total volume followed Wigton Windfarm with 2.8 million units for just over 12 percent of the day’s trade and Sagicor Select Financial Fund with 1.4 million units for 6 percent market share.
The Market closed with an average of 559,218 units valued at an average of $2,187,500 for each security traded, in contrast to 3,336,907 units valued at an average of $6,733,425 on Thursday. The average volume and value for the month to date amount to 984,827units valued at $4,072,790 for each security changing hands, compared to 1,022,515 units valued at $4,256,393 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.5 times 2020/21 earnings.
In Main Market trading, Barita Investments lost $1 to end at $55, in exchanging 15,090 shares, Berger Paints gained $1.38 to close at $14, with just 2,500 units traded, Caribbean Cement shed 50 cents after transferring 32, 777 stock units to end at $48.50. Carreras closed 69 cents lower to $6.06, with 365,300 shares changing hands, Jamaica Producers declined to $19.12, with a loss of 88 cents in swapping 5,424 stock units, Jamaica Stock Exchange rose 74 cents to $22.91, in trading 117,624 shares. MPC Caribbean Clean Energy jumped by $30.58 after transferring 494 units to end at $180.58, NCB Financial Group shed 50 cents to close at $155, with an exchange of 105,674 shares, Proven Investments picked up $1.01 to finish at $38.10, in swapping 2,500 units. Sagicor Group closed at $49, with a loss of 75 cents with 434,646 shares crossing the exchange, Salada Foods lost 50 cents after swapping 7,102 units at $28, Scotia Group fell by $2.08 to $45.81, with a transfer of 34,866 stock units. Seprod dropped $1 to close at $45, in trading 8,911 units, Stanley Motta picked up 41 cents to finish at $5.03, in exchanging 6,000 units, Supreme Ventures ended at $15.48, with a loss of $1.52 and the swapping of 47,463 shares. Sygnus Credit Investments closed at $15, after losing $2.45 trading 57,900 shares and Wisynco Group ended the exchanging of 341,913 stock units at $16, with a loss of $1.10.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

2 days of losses for JSE main market

April 16, 2020 by IC Insider.com

The JSE Main Market lost over 15,000 points in two days.

The Jamaica Stock Exchange closed another day of trading with prices mostly down and taking a big trunk of the market indices, with it declining for a second day by more than 7,000 points.
The Main Market of the At the close, the JSE All Jamaican Composite Index dived 7,617.05 points to 427,779.79, the JSE Market Index dropped 7,118.10 points to 389,754.82 and the JSE Financial Index slid 2.36 points to 106.
The market closed with 49 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 22 declining and 11 securities trading firm. The JSE Main Market activity ended with 44 securities accounting for 146,823,904 units valued at $296,270,700, in contrast to 53,531,710 units valued at $153,340,745 from 44 securities on Wednesday.
Radio Jamaica led trading with 95 million shares for 65 percent of total volume followed Trans Jamaican Highway, with 36.6 million units for 25 percent of the day’s trade and Wigton Windfarm with 7.7 million units for 5 percent market share. Other stocks trading more than one million units were Jamaica Broilers with 2.6 million units and Sagicor Select Financial Fund with 2.7 million units.
The Market closed with an average of 3,336,907 units valued at $6,733,425 for each security traded, in contrast to 1,216,630 units valued at an average of $3,485,017 on Wednesday. The average volume and value for the month to date amount to 1,022,515 units valued at $4,256,393 for each security changing hands, compared to 779,477 units valued at $3,967,296 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.5 times 2020/21 earnings.
In the Main Market, Barita Investments shed 51 cents trading 25,513 units and closed at $56, Berger Paints exchanged 1,045 stock units at $12.62, with a loss of $1.38, Caribbean Cement gained $1 to finish at $49, in transferring 38,537 units. Eppley fell $2.20 to $14.80, with 31,034 units changing hands, Eppley Caribbean Property Fund declined by $2 to $34, after trading 3,920 stock units, Jamaica Producers closed 49 cents lower to $20 after swapping 4,497 units. Jamaica Stock Exchange ended at $22.17, with a loss of $1.43 in transferring 112,597 shares, JMMB Group added 78 cents to finish at $36.79, in an exchange of 55,004 shares, Kingston Wharves picked up 42 cents and closed at $44, with 26,422 units changing hands. MPC Caribbean Clean Energy sustained a loss of $33 in swapping 499 units and closed at $150, NCB Financial Group fell 50 cents to $155.50 trading 35,964 units, PanJam Investment shed 85 cents to close at $75.98, with an exchange of 9,929 stock units. Portland JSX picked up 80 cents in trading only one stock unit to end at $8.90, Sagicor Group finished at $49.75, with a loss of 77 cents in exchanging 86,774 shares, Salada Foods closed at $28.50, after losing $4.95 in exchanging 10,299 units. Scotia Group gained 39 cents swapping 50,079 shares and closed at $47.89, Seprod climbed $2 to $46, with 18,441 units crossing the exchange, Stanley Motta slipped 38 cents to $4.62, in swapping 4,200 stock units and Victoria Mutual Investments ended at $7.50, with a loss of 30 cents while transferring 420,041 shares.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main market suffers big drop

April 15, 2020 by IC Insider.com

Jamaica Stock Exchange Main Market suffered the first decline in since the April 2 with the JSE All Jamaican Composite Index tumbling 7,508.92 points to 435,396.84, the JSE Market Index diving 6,816.76 points to 396,872.92 and the JSE Financial Index losing just 0.98 points to close at 108.36.
The market closed with 50 securities changing hands in the Main and US dollar markets with prices of nine stocks advancing, 28 declining and 13 securities trading firm. The JSE Main Market activity ended with 44 securities accounting for 53,531,710 units valued at $153,340,745, in contrast to 21,215,763 units valued at $102,509,485 from 46 securities on Tuesday.
Trans Jamaican Highway led trading with 40 million shares for 75 percent of total volume followed Sagicor Select Financial Fund with 4 million units for 7.4 percent of the day’s trade, and Wigton Windfarm with 3.8 million units for just over 7 percent of market share. QWI Investments, the only other stock trading more than one million units, ended the day with 1.06 million stock units.
The Market closed with an average of 1,216,630 units valued at an average of $3,485,017 for each security traded, in contrast to 461,212 units valued at an average of $2,228,467 on Tuesday. The average volume and value for the month to date amount to 779,477 units valued at $3,967,296 for each security changing hands, compared to 728,184 units valued at $4,031,021 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.7 times 2020/21 earnings.
In Main Market trading, Barita Investments closed at $56.51, with a loss of 99 cents in transferring 26,609 units, First Rock Capital shed 44 cents to end at $10.56, in swapping 20,922 units, Jamaica Producers gained 34 cents trading 31,233 units to finish at $20.49. Jamaica Stock Exchange closed $1.14 lower at $23.60, with 106,460 shares changing hands, JMMB Group ended at $36.01, with gains of $2.99 in exchanging 138,488 shares, Kingston Wharves lost 42 cents and closed at $43.58, after trading 32,042 units. Mayberry Jamaican Equities finished at $8.40, with a loss of 59 cents in swapping 72,635 shares, MPC Caribbean Clean Energy closed $1 lower to $183, in an exchange of 300 units. NCB Financial Group declined by $2 to $156 transferring 98,627 shares, PanJam Investment picked up 83 cents to close at $76.83, after trading 24,331 units, Proven Investments climbed $2.95 to $37 after exchanging 940 units. Sagicor Group dropped $2.98 to end at $50.52, after trading 179,780 shares, Sagicor Real Estate Fund gained 41 cents to close at $7.99, with 41,292 units changing hands. Salada Foods closed at $33.45, after climbing $5.05 in swapping a mere 120 units. Scotia Group shed 45 cents to finish at $47.50 in transferring 17,694 units, Seprod lost $3 to end at $44, with an exchange of 33,846 units, Stanley Motta lost 65 cents to close at $5, in swapping 36,575 stock units. Supreme Ventures dropped $1.99 to $17, after trading 131,365 shares, Victoria Mutual Investments ended at $7.80, with a loss of $1.20 in transferring 518,294 shares and Wisynco Group fell by $2.49 to $17, with 667,525 shares changing hands.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Another day of strong gains for JSE

April 14, 2020 by IC Insider.com

Main Market stocks ended trading with another day of substantial gains on Tuesday, after the market reopened from the closure for the Easter holidays and enjoyed seven consecutive days without losses with the market has recovered 67,814.67 points or 18 percent since the March 25 low of 375,091.09.

The main market of the JSE is climbing back nicely but watch 485,000 points level for possible resistance.

At the close, the Jamaica Stock Exchange All Jamaican Composite Index climbed 5,537.88 points to 442,905.76, the JSE Market Index added 5,330.56 points to 403,689.68 and the JSE Financial Index gained 1.28 points to 109.34.
The market closed with 53 securities changing hands in the Main and US dollar markets with prices of 22 stocks advancing, ten declining and 21 securities trading firm. The JSE Main Market activity ended with 46 securities accounting for 21,215,763 units valued at $102,509,485, in contrast to 37,271,624 units valued at $443,203,847 from 41 securities on Thursday.
Trans Jamaican Highway led trading with 11.7 million shares for 55 percent of the day’s total volume followed Pulse Investments with 2.03 million units for 9.6 percent of the day’s trade and Wigton Windfarm with 1.9 million units for 9 percent of the market’s volume. Other stocks trading more than one million shares were Carreras with 1.04 million units and Sagicor Select Financial Fund with 1.4 million units.

The Market closed with an average of 461,212 units valued at $2,228,467 for each security traded, in contrast to 909,064 units valued at an average of $10,809,850 on Thursday. The average volume and value for the month to date amount to 728,184 units valued at $4,031,021 for each security changing hands, compared to 765,512 units valued at $4,319,932 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14.6, while the Main Market ended at 15 times 2020/21 earnings.
In the Main Market activity, Berger Paints gained $1.85 to close at $14, in trading 1,101 stock units, Caribbean Cement advanced $5.50 to $48, with 43,801 units changing hands, Eppley shed 75 cents exchanging 90,600 shares to finish at $17. Eppley Caribbean Property Fund closed $2.67 higher at $36, in swapping a mere ten stock units, First Rock Capital rose 50 cents to $11, with an exchange of 24,754 units. Jamaica Producers lost 35 cents transferring 9,128 shares and closed at $20.15,

Jamaica Stock Exchange ended $2.39 higher at $24.74, after swapping 16,514 units, JMMB Group closed at $39, with gains of $1 exchanging 73,496 shares. MPC Caribbean Clean Energy soared $44 to $184, with 375 stock units crossing the exchange, 138 Student Living added 30 cents to reach $7, in transferring 52,564 units, Proven Investments fell $3.95 to $34.05, in swapping 185,350 shares. Sagicor Group closed $2.50 higher to $53.50, in an exchange of 60,754 units, Scotia Group gained 35 cents to finish at $47.95 after trading 20,574 stock units, Seprod declined by $2 to $47, with 101,771 shares changing hands. Supreme Ventures rose $1.99 to $18.99, in transferring 65,409 shares, Sygnus Credit Investments shed 40 cents trading 153,409 shares and closed at $17.60 and Wisynco Group added 49 cents to end at $19.49, with 336,917 shares crossing the exchange.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Berger Paints set to surprise

April 13, 2020 by IC Insider.com

Berger Paints is one of IC Insider.com’s top stocks for 2020. It is may not the most popular company listed on the Jamaica Stock Exchange, but it seems set to surprise many investors with its performance in 2020.
It gained much attention with strong growth in profits in the financial year to March 2017, ahead of a switch in majority ownership in August 2017 to the Trinidad based ANSA McAL Group resulting in significant changes in directorship and management. In 2019, the company changed the General manager after a relatively short stint at the helm, a move that could augur well for the company going forward.
In 2019, raw materials accounted for 50 percent of the input into paint production. Most of the raw material used in paint production is petroleum-based, resulting in paint companies benefit when the petrochemical industry goes into a downswing and conversely, a hike in the price of petroleum products raises input costs. Titanium dioxide and crude derivatives form about 50 percent of the raw material cost of paints. In 2019 the average price of crude oil on the world market US$57 for WTI, for 2020 so far, it is at US$43 per barrel, with the current price around US$22 per barrel. If the current trend holds, it will result in lower input costs for Berger for 2020. Management in reporting to shareholders for the year to December stated, “year to date to February 2020, performance indicators are ahead of 2019 with signs of a positive trajectory”.
Between 2012 and 2017, profits increased at an outstanding rate, however, in 2018, the profit was relatively flat and declined in 2019. The company reported lower sales and sharply reduced profit for 2019. The company recorded a two percent reduction in revenues to $1.12 billion for the six months to June and a 6 percent reduction to $1.6 billion for the nine months to September 2019, versus $1.7 billion for the corresponding period in 2018. It ended the year down 7 percent at $2.5 billion. Adverse weather conditions experienced in the third and fourth quarters, negatively impacted revenues, the company told shareholders in a statement accompanying the third and fourth quarter reports. Also affecting sales was the extensive road works that disrupted their customers’ businesses.

Berger Paints is one of IC Insider’s TOP 10 stocks.

The company reported a loss in the final quarter of 2019, a period that generates by far the highest revenues and usually the highest profit. Berger ended with a profit of $29 million compared to the full year compared to $40 million at the end of September. While revenues fell in the fourth quarter to $892 million versus the 2018 period, it was the highest revenues in any quarter with the June quarter of $601 million being the closest. Yet, it recorded a loss when the June quarter recorded a profit of $28 million. Analysis of the reports shows that other operating expenses of $118 million in the September quarter jumped to $254 million for the December quarter. The 2019 fourth quarter also much higher than in the same period in 2018 at $136 million, suggesting there may be some one-off cost that was incurred in the period and distorted the results.
“The company implemented a new an Enterprise Resource Planning Software (ERP) system which provides a fully integrated manufacturing and financial platform and is providing the required details and analytics for the business, the management stated.” The company also introduced a new automotive line of paints to deepen BPJL’s reach into the automotive market.
IC Insider.com projects earnings per share amounting to $2 for the current year and it now trades at an attractive P/E of just over six times projected earnings.

Filed Under: Buy Rated, Company News, Company Results Tagged With: Berger Paints, Daily Trading, Emerging markets, IC Insider BUY RATED, Jamaica Stock Exchange, Jamaican Stock

2 weeks’ of robust gains for IC TOP 10

April 11, 2020 by IC Insider.com

The IC Insider.com TOP 10 stocks have put substantial gains since the posting at the end of March. The selections based on projected 2020/21 earnings, included robust increases of 73 percent from Elite Diagnostic, followed by Lasco Manufacturing with a gain of 56 percent and Access Financial 55 percent.

Elite Diagnostics surged 73% on the Junior Market since the end of March.

Other outstanding Junior Market gains came from Caribbean Producers that enjoyed a rise of 33 percent in closing at $3 but traded up to $3.51 on Thursday, with an increase of 56 percent since the end of March. KLE Group rose 36 percent and Lasco Financial ended with a 30 percent increase. In the Main Market, Eppley leads with a 45 percent gain, Wisynco Group rose 43 percent and Radio Jamaica 24 percent.
The gains came from a strong recovery of stock prices on the Jamaica Stock Exchange after falling by record levels in March.
Following the rise in prices of TOP 10 stocks, there are five new entrants for the coming week. These are General Accident, CAC 2000 and Stationery and Office Supplies in the Junior Market and in the Main Market, Sygnus Credit Investments and Caribbean Cement.
Stocks that dropped from the TOP 10 are Access Financial, Elite Diagnostic and Medical Disposables from the Junior Market and Eppley and Wisynco Group from the Main Market.
The current IC Insider.com TOP 10 list is based on the profit of companies reporting full year’s results for the financial year ending after 2020 second quarter and up to the second quarter in 2021.
Many local stocks made a strong recovery over the past two weeks, but major uncertainties still exist and it is not possible to determine the exact impact on company earnings. Actual earnings could vary materially from IC Insider.com’s forecast. Looking beyond the immediate fallout or benefits can provide a useful investment guide for above-average gains in the months ahead.
The three top Junior Market selections are Caribbean Producers, KLE Group and Lasco Financial with the potential to gain between 270 to 533 percent by 2021. In the Main Market, Berger Paints leads the pact followed by Radio Jamaica and then Carreras with projected gains of 146 to 170 percent.
The targeted average PE ratio of the market is 20. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 13.3 and the Junior Market a mere 9.7, based on current 2020/21 earnings. The PE ratio for Junior Market Top 10 stocks averages a just 5.7 with the Main Market at 8.8.
The TOP 10 stocks now trade at a discount of 41 percent of the average for Junior Market and Main Market stocks trade at a discount of 34 percent to the overall market. The average projected gain for the IC TOP 10 stocks is 278 percent from 312 percent last week and down from 377 percent at the close of the prior week for the Junior Market and 139 percent from 153 percent last week for the JSE Main Market, based on 2020/21 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

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

Filed Under: Buy Rated Tagged With: Berger Paints, CAC2000, Caribbean Assurance Brokers, Caribbean Cement, Caribbean Flavours, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Seprod, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity

JSE Main Market claws back losses

April 8, 2020 by IC Insider.com

Jamaica Stock Exchange Main Market put in another robust performance on Wednesday with the All Jamaica Composite index jumping more than 5,000 points in clawing back another chunk of the huge losses in March as advancing stocks just inched out declining ones.
At the close, the JSE All Jamaican Composite Index climbed 5,606.53 points to 432,124.95, the JSE Market Index advanced 4,975.85 points to 393,629.79 and the JSE Financial Index gained 1.02 points to 106.63.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 15 declining and 16 securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 21,743,844 units valued at $108,256,444, in contrast to 93,346,989 units valued at $195,317,440 from 42 securities on Tuesday.
Trans Jamaican Highway led trading with 10.3 million shares for 47.6 percent of total volume, Wigton Windfarm followed with 3 million units for 14 percent of the day’s trade and Sagicor Select Financial Fund with 2.6 million units for 12 percent market share. Wisynco Group, the only other stock trading more than one million units, in exchanging 1.2 million shares.
The Market closed with an average of 543,596 units valued at $2,706,411 for each security traded, in contrast to 2,222,547 units valued at an average of $4,650,415 on Tuesday. The average volume and value for the month to date amount to 745,075 units valued at $3,238,279 for each security changing hands, compared to 936,106 units valued at $3,341,554 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the overall market ended at 14.2, while the Main Market ended at 14.5 times 2020/21 earnings.
In Main Market trading, Berger Paints gained 65 cents trading 240 units and closed at $12.15, Eppley Caribbean Property Fund dropped $3.92 to close at $33.33, with 5,430 stock units changing hands, PanJam Investment closed $1 higher at $76, with a transfer of 241,878 shares. Proven Investments shed 90 cents to finish at $38.50, in swapping 33,173 units, Sagicor Group picked up 75 cents to reach $50.50, with an exchange of 58,207 stock units, Scotia Group closed 50 cents lower to $47.50 trading 20,203 shares. Seprod shed 50 cents and closed at $48, after transferring 32,554 units, Victoria Mutual Investments ended at $8, with gains of 30 cents after trading 448,771 shares and Wisynco Group closed $1.50 higher at $17.50, in exchanging 1,180,233 shares.