The Junior Market closed the week at the highest level since November 17 and before that, October 2 and seems poised to take out all recent highs on the way to the year-end rally and a bullish period to come, to take it over 3,000 points. The main Market pulled back from last week’s levels but closed at the highest point for the week on Friday.
Honey Bun dropped out of the TOP 10, with Derrimon Trading replacing it at the bottom of the list. Honey Bun’s stock price jumped 19 percent for the week to $6.49 on Friday, with the stock now showing very limited supply and a bit of demand on the buying side, although a bit below the last sale price. The increased demand this week follows a strong September quarter profit that rose 76 percent over 2019. Wisynco Group spent just a week in the Main Market TOP 10, moved up in price to close out the week with the stock rising to $16.43 from $16.10 and replaced by NCB, in at the tenth position. The projections are for earnings to recover from the increased provision for expected credit loss charges in 2020 and from continued growth in the business and deliver earnings of $12 per share for the current year to September.
Former TOP10 holder MailPac, hit a record high on Friday, in closing at $2.60, up 19 percent from $2.19 last week. Lumber Depot reported earnings for the October quarter, keeping earnings on track for 20 cents per share and put added life into the stock, moving the price up 6 percent to close the week at $1.39 at a PE of 7 times earnings, well below the market average of 13.7. Caribbean Producers moved up 13 percent from $2.60 to $2.94 at the close and up a nice 21.5 percent for the month to date. The stock seems on target to move back into the $4 range sooner than later, with stock supplies thinning out and prospects for improved business looking increasingly better in 2021.
The top three stocks in the Junior Market with the potential by March 2021 to gain between 216 to 342 percent down from 239 to 400 percent at the end of the previous week are Caribbean Producers, even with the price has moved in recent weeks from $2.35 to $2.94 currently, followed by Elite 
Diagnostic and Jamaican Teas. Lumber Depot, in at third position last week, is now down to sixth after investors responded positively to quarterly results. With expected gains of 146 to 236 percent, the top three Main Market stocks are Berger Paints, followed by Radio Jamaica and Carreras.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 16.6 and the Junior Market 13.7, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.3 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.1 or 55 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 192 percent down from 210 percent and 129 percent from 133 percent last week for the JSE Main Market, based on 2020-21 earnings. IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain 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.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and four with lower offers.
Lumber Depot lost 2 cents in ending at $1.34, with 132,904 shares changing hands, Mailpac Group gained 25 cents to end at a record high of $2.60 trading 619,404 shares, Medical Disposables lost 2 cents to end at $4, after 5,102 units were traded. Paramount Trading rose 2 cents to $1.54, in exchanging 4,528 units, SSL Venture closed 7 cents lower at 59 cents trading 12,552 units, Stationery and Office Supplies rose 95 cents to $4.55, with 1,470 units changing hands and Tropical Battery gained 4 cents to close at $1.17 after an exchange of 164,691 shares.
At the close of the market, Blue Power lost 2 cents to end at $3.36, with 1,330 units passing through the market, Caribbean Assurance Brokers gained 8 cents to close at $1.88 after an exchange of 18,613 stock units, Caribbean Cream lost 1 cent in closing at $4.02, trading 29,376 stock units. Caribbean Producers rose 24 cents to $2.94, with an exchange of a mere 500 units, Consolidated Bakeries gained 28 cents, in ending at $1.40 trading 1,082 shares, Derrimon Trading shed 20 cents to settle at $2.30, after exchanging 10,000 stock units. Dolphin Cove dropped $1 to $6 in transferring 2,000 units, Everything Fresh lost 5 cents to close at 66 cents trading 40,151 shares, Express Catering gained 10 cents to finish at $3.50, with 3,350 units changing hands. Fontana picked up 5 cents in closing at $5.45, with an exchange of 124,807 shares, Fosrich lost 3 cents in ending at $3.96 and trading 6,579 units, General Accident gained 10 cents to $6.10, with 20,650 stock units crossing the market. Honey Bun rose 28 cents to end at $5.98, with 20,525 stock units changing hands, Indies Pharma lost 13 cents to close at $2.37, in transferring 27,616 stock units, ISP Finance climbed $2 to $19, after trading 4,759 units. Jamaican Teas gained 8 cents to settle at $1.88, exchanging 795,272 shares, Jetcon Corporation rose 4 cents to 79 cents trading 12,429 stock units, Lasco Distributors closed 25 cents higher at $3.45, with an exchange of 10,000 units. Lasco Financial slipped 10 cents to close at $2.55 after 80,500 shares passed through the market, Lasco Manufacturing gained 16 cents in closing at $3.85, with investors swapping 18,615 stock units, Limners and Bards gained 10 cents to close at $2.70 trading 8,691 units. 
Lumber Depot closed at $1.36, with gains of 18 cents as investors swapped 967,216 shares, Mailpac Group added 10 cents in closing at $2.35 trading 1,348,067 shares, SSL Venture gained 10 cents to settle at 66 cents, in exchanging 100,000 shares. Stationery and Office Supplies shed 50 cents to $3.60 after transferring 9,460 units and Tropical Battery lost 6 cents to close at $1.13, exchanging 366,394 shares.
For the month to date, the average trade is 381,049 units at $858,170, compared to 367,408 units at $829,230 on Tuesday. November closed with an average traded of 193,331 units at $566,885.
Lumber Depot slipped 2 cents to $1.18 with a transfer of 86,618 stocks, Mailpac Group traded 14,262,739 shares and gained 6 cents to settle at $2.25, Main Event shed 25 cents to close at $3 with 6,366 units passing through the market. Medical Disposables fell 12 cents to $4.02 with an exchange of 29,098 stock units, Paramount Trading advanced 18 cents to $1.52 with 73,494 shares changing hands, SSL Venture rose 3 cents to 56 cents with a transfer of 500 stocks and Stationery and Office Supplies gained 10 cents to end at $4.10 with 2,954 units crossing the exchange.
The market closed with an exchange of 49,121,788 shares for $110,386,381, up from 3,445,343 units at $7,674,800 on Monday. Mailpac Group led trading with 44.23 million shares, followed by Caribbean Producers with 6.3 percent of the day’s trade with an exchange of 3.11 million units and Jamaican Teas with 0.9 percent market share with a transfer of 426,360 units.
At the close of the market, Access Financial jumped $2.11 to $22.06 with an exchange of 10 shares, AMG Packaging slipped 9 cents to $1.60 with 1,597 stocks changing hands, Blue Power dropped 43 cents to $3 with owners switching 5,010 stock units. Cargo Handlers shed 88 cents and traded 2,000 units to close at $6.32, Caribbean Assurance Brokers gained 7 cents to finish at $1.80 with 13,146 shares passing through the market, Caribbean Flavours lost 5 cents to end at $1.70 with a transfer of 5,451 stocks. Derrimon Trading fell 24 cents to $2.31 with an exchange of 27,140 units, Dolphin Cove rose 76 cents to $7 with 6,740 stock units changing hands, Everything Fresh slipped 6 cents to 65 cents with 137,787 shares changing hands. Fontana rose 6 cents to $5.45 with 410,784 stocks traded Fosrich gained 39 cents to $3.99 with 50,004 units passing through the market, General Accident rose 4 cents to end at $6 with a transfer of 8,677 stock units. Honey Bun gained 20 cents to close at $5.70, in exchanging 54,932 shares, iCreate increased 5 cents to 67 cents with 1,736 units changing hands, Indies Pharma advanced 14 cents to $2.50, after trading 2,750 stock units. Iron Rock Insurance climbed 15 cents to $2.95 with 35,035 stocks passing through the market, ISP Finance jumped $6.05 to $23.05 with a transfer of 500 shares, Jamaican Teas traded 426,360 stock units and rose 8 cents to $1.88. Lasco Distributors slipped 1 cent to $3.17 with 25,684 stocks changing hands, Lasco Financial gained 6 cents to close at $2.71 with an exchange of 8,328 units, Lasco Manufacturing advanced 22 cents to $3.90 with investors switching ownership of 37,767 shares.
Lumber Depot rose 2 cents to $1.20 with 150,700 stock units passing through the market, Mailpac Group traded 44,229,960 shares in adding 1 cent to close at $2.19, Medical Disposables advanced 13 cents to $4.14 with a transfer of 24,644 units. SSL Venture slipped 2 cents to 53 cents exchanging 18,220 shares, Stationery and Office Supplies declined by 5 cents to $4 with 3,350 stock units changing hands, Tropical Battery gained 6 cents to finish at $1.19 with 41,500 units traded and Tech climbed 21 cents to $4.30 with 35 stocks crossing the exchange.
November closed with an average of 193,331 units at $566,885 trading.
KLE Group rose 15 cents to $1.15 with 3,000 units passing through the market, Lasco Financial gained 5 cents to close at $2.65 in trading 2,425 shares, Lasco Manufacturing dropped 12 cents to end at $3.68 with a transfer of 7,439 stock units. Limners and Bards fell 10 cents to $2.60 with 47,694 stocks trading, Mailpac Group slipped 1 cent to $2.18 with an exchange of 253,036 units, Medical Disposables fell 33 cents to $4.01 with 8,932 shares changing hands. Paramount Trading declined by 16 cents to finish at $1.34 with 15,075 stocks passing through the market, SSL Venture rose 1 cent to 55 cents with a transfer of 600 units, Stationery and Office Supplies fell 38 cents to $4.05 with the trading of 76,597 stock units and Tropical Battery slipped 2 cents to $1.13 with 317,250 shares crossing the exchange.
Wisynco Group’s performance was on a roll, with revenues up 27.5 percent in the nine months to March this year, and 24 percent in the March quarter, but gross profit margin slipped in the March quarter while rising Administration and other expenses squeezed profits even more. Sales dipped slightly in the June and September quarters, but the September 2019 quarter, includes sales of $503 million from a discontinued operation, leaving flat sales from ongoing operations. Net Profits Attributable to Stockholders from continuing operations was $851 million or 23 cents per stock unit compared to $932 million or 25 cents per stock unit for the corresponding period of the prior year. Revenues for the quarter from continuing operations of $8.1 billion fell 6.1 percent from $8.6 billion in the 2019 quarter. 
The company expects to have lower energy costs with the successfully commissioning of the Cogeneration plant in July 2020, with the company seeing a positive contribution from the implementation through reduced energy costs.
The PE ratio for the Junior Market Top 10 stocks average a mere 6.9 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9 or 56 percent of the PE of that market.
Trading ended with 33 securities changing hands compared to 29 on Thursday and concluded with the prices of 11 stocks rising, 16 declining and six remaining unchanged.
Trading averaged 114,080 units at $235,290 in contrast to 249,352 at $600,698 on Thursday. The month to date averaged 160,524 units at $366,841, compared to 176,657 units at $412,538 on Thursday. November ended with an average of 193,331 units at $566,885.
Limners and Bards gained 2 cents to settle at $2.70 with 6,318 stocks changing hands, Lumber Depot slipped 2 cents and exchanged 909,101 shares at $1.18, Mailpac Group traded 463,285 stocks and rose 4 cents to $2.19. Main Event jumped 25 cents to $3.25 with 3,076 units changing hands, Medical Disposables lost 1 cent to finish at $4.34 with a transfer of 10,840 stock units, SSL Venture slipped 2 cents to 54 cents with 10,000 shares passing through the market. Tropical Battery fell 5 cents to $1.15 with 50,919 stocks traded and tTech dropped 21 cents to $4.09 with 55,081 units crossing the exchange.
Trading ended with 29 stocks changing hands compared to 31 on Wednesday, with the prices of nine rising, 11 declining and nine remaining unchanged.
November trading averaged 193,331 units at $566,885.
At the close of the market, Access Financial dropped $2.58 to $19.92 with the trading of a mere 100 shares, AMG Packaging gained 6 cents to end at $1.65 with an exchange of 1,141 stocks, Blue Power rose 5 cents to $2.60 in an exchange of 7,040 stock units. CAC 2000 shed $2 to $8 with a transfer of 1,564 shares, Cargo Handlers lost 11 cents to $7.20 with 200 units traded, Caribbean Assurance Brokers advanced 19 cents to $1.91 with an exchange of 500 stocks. Caribbean Cream fell 12 cents to $4 with 8,513 shares changing hands, Caribbean Flavours lost 5 cents to close at $1.70 with a transfer of 14,992 stocks, Caribbean Producers climbed 18 cents to $2.60 with 500 units traded. Consolidated Bakeries declined by 12 cents to settle at $1.10 with 5,000 shares passing through the market, Derrimon Trading gained 15 cents and exchanged 66,059 stocks to end at $2.50, Elite Diagnostic dropped 27 cents to $3.03 with 88,087 units changing hands. Express Catering rose 5 cents to $4.05 with a transfer of 250 shares, Fontana traded 530,841 stock units and lost 3 cents to end at $4.97, Fosrich slipped 10 cents to $3.90 with 4,068 stocks passing through the market. General Accident fell 24 cents to $5.96 with 123,138 shares changing hands, GWest Corporation gained 4 cents to finish at 69 cents in switching ownership of 11,159 units, iCreate closed 1 cent higher at 66 cents with 19,023 stock units traded. 
Indies Pharma lost 3 cents to end at $2.55 with a transfer of 5,428 shares, Jamaican Teas traded 3,400,162 units in shedding 22 cents to settle at $1.79, KLE Group dropped 30 cents to $1.15 with 5,000 stocks passing through the market. Knutsford Express jumped 29 cents to $6 with 1,053 shares traded, Lasco Distributors rose 17 cents to $3.46 with 21,784 stocks changing hands, Lasco Manufacturing closed 2 cents higher at $3.68 in a transfer of 95,410 units. Limners and Bards fell 13 cents to $2.50 with 39,832 stock units traded, Lumber Depot declined 15 cents to $1.20 with 168,882 shares passing through the market, Mailpac Group traded 1,321,705 stocks and slipped 1 cent to $2.20. SSL Venture rose 3 cents to 56 cents with a transfer of 14,628 units, Tropical Battery lost 6 cents to finish at $1.17 with 225,701 shares traded and tTech shed 52 cents to close at $4.08 with 44,599 stock units crossing the exchange.