ICTOP10 number 1 stock, Radio Jamaica (RJR) price moved up 22 percent since releasing full year results recently, with the stock trading at the highest price in a year, it is set to lose the number one spot sooner than later. The company reported just 7 cents per share from reduced revenues. On the surface, the stock price should at best remain at the prerelease price around $1.70 level, but there is much more to those results that only a more detailed assessment would reveal.
Media house, RJR traded most shares on friday
Based on ICInsider.com research, investors should expect the first quarter profit to exceed the 2021 fiscal year results of $171 million on the way to record just under $1 billion in profit for 2022 to give investors a big payday.
RJR is the sort of stock that few would have on their buy list. After all, the company has not performed particularly well in recent years. Worse the Cocvid-19 pandemic made matters tough for them, with contraction in revenues and initially, reduced profit. What goes for RJR would apply to many of the ICInsider.com top stocks for 2021. ICInsider.com goes beyond the actual results to find important information that is not always useful to many but can provide guidance into the future and expose above average profit growth.
That is one reason why many of the selections at the start of the year have done well. Examples are as such, Caribbean Cream up 43 percent for the year to date started the year at the number 2 spot, Caribbean Producers the number 3 spot selection is up 82 percent, Main Event up 73 percent, Medical Disposables up just 12 percent, Stationery & Office Supplies 55 percent, Lumber Depot 116 percent and Mailpac 32 percent. Later, Future Energy Source was added to the list at the IPO stage and is up an impressive 110 percent. Additionally, Jetcon Corporation up 76 percent and Jamaican Teas 100 percent are not being counted. The Main Market with few overall winners for that market so far also produced winners from the TOP15 list, posted at the start of the year, Grace, Carreras, Caribbean Cement and Jamaica Broilers.
The TOP10 stocks are not always the best in the market but are most likely to be the best winners within a fifteen-month period. IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
PanJam Investment earnings is downgraded to $4.50 per share and the stock moved out of the TOP10 Main Market listing and is replaced by Scotia Group, now in at tenth spot. There are no changes in or out of the Junior Market list.
This past week the average gains projected for the Junior Market moved up from 183 percent last week back to 202 percent and Main Market stocks moved to 164 percent from 176 percent.
The top three stocks in the Junior Market continue, with Elite Diagnostic heading the list, followed by Caribbean Assurance Brokers and Medical Disposables, with potential to gain between 237 percent and 291 percent compared to 233 and 242 percent last week. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by JMMB Group Guardian Holdings, with expected gains of 183 to 292 percent as RJR price rose and reducing its future potential growth, versus last weeks’ 181 to 379 percent.
The Junior Market closed the week with an average PE 13.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the recent historical average of 17 for the period to March this year based on 2020 earnings. For the Junior Market to trade at the historical average, the PE Ratio would have to rise 30 percent and requires a rise of 53 percent to reach the targeted PE of 20 by March 2022. Main Market stocks would have to rise by 17 percent to hit a PE of 19 and 23 percent to get to the target of 20. The Junior Market Top 10 stocks average PE is a mere 6.8, just 52 percent of the market average, indicating substantial gains ahead.
The JSE Main Market ended the week with an overall PE of 16.4, a little distance from the 19 the market ended at in March, suggesting just a 17 percent rise at a PE of 19 and 23 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.8 or 48 percent of the PE of that market, well off the potential of 20.
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, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.
The All Jamaican Composite Index popped 853.62 points to 457,850.00, the JSE Main Index dipped 52.77 points to 419,356.37 and the JSE Financial Index inched 0.08 points higher to 103.25.
Trading averaged 320,037 units at $2,141,728, compared to 240,337 shares at $897,464 on Thursday. Trading month to date averages 340,903 units at $18,719,581, in contrast to 342,188 units at $19,740,077 on Thursday. June ended with an average of 249,610 units at $3,877,606.
Palace Amusement dived $120 to $980 with 102 stocks crossing the exchange, Scotia Group lost 37 cents to $38.75 in trading 126,690 shares, Seprod rallied $1.98 to $69.10 in switching ownership of 90,663 stock units, Sterling Investments gained 20 cents to finish at $3 in exchanging 101,297 units and Supreme Ventures popped 30 cents to close at $19.25 with the swapping of 201,367 shares.
At the close, First Rock Capital gained 0.1 of a cent to close at 8 US cents, with 285 shares changing hands, Margaritaville settled at 9 US cents with an exchange of 30,000 units, Proven Investments ended at 24 US cents with 4,218 stocks traded. Sygnus Credit Investments rose 0.2 of a cent to 14 US cents, with a transfer of 7,427,937 stock units and Transjamaican Highway gained 0.05 of a cent to close at 0.8 of a US cent with 865,149 shares crossing the exchange.
Market activity led to 33 securities trading, similar to Thursday, and ended with 11 stocks rising, 13 declining and nine ending unchanged.
Trading averages 160,841 units at $520,136 versus 111,343 at $263,357 on Thursday. Trading for the month to date averages 156,090 units at $447,181, versus 155,814 units at $442,949 on Thursday. June closed with an average of 225,705 units at $644,459.
KLE Group rose 10 cents to $1.28 with 5,000 shares changing hands, Limners and Bards lost 8 cents to finish at $3.02 with a transfer of 164,547 stock units, Lumber Depot fell 7 cents to $3.36, with investors switching ownership of 202,312 units. Mailpac Group slipped 5 cents to $3.80, with 1,172,910 stocks traded and tTech dropped 35 cents to $4.40 with 85,940 shares crossing the exchange.
At the close, 19 securities traded compared to 17 on Thursday, with seven rising, three declining and nine remaining unchanged. The Composite Index popped 1.48 points to 1,421.73, the All T&T Index rose 2.86 points to 1,940.30 and the Cross-Listed Index remained unchanged at 121.47.
L.J Williams B share remained at $1.50, with 1,047 shares crossing the market, Massy Holdings dropped 55 cents to $80.05, with 2,319 stock units changing hands. National Enterprises popped 10 cents to $3.70 after just one stock unit was traded, National Flour Mills lost 4 cents to close at $2 in trading one stock, One Caribbean Media dropped 50 cents to close at a 52 weeks’ low of $4 a mere one share crossing the market. Point Lisas remained at $3.15 in exchanging at 1,001 stocks, Prestige Holdings gained 25 cents to end at $7.50, with 86 stock units changing hands, Scotiabank closed at $59.75, with 639 shares clearing the market. Trinidad & Tobago NGL remained at $18 after exchanging 4,031 stock units, Trinidad Cement increased 25 cents to close at $3.75 in exchanging 25,913 stocks and West Indian Tobacco popped 1 cent to $32.50 in switching ownership of 410 stocks.
Market activity led to 33 securities trading compared to 34 on Wednesday and ended with the prices of 13 stocks each, rising and falling, leaving nine unchanged. At the close, the Junior Market Index dropped 11.87 points to settle at 3,335.20.
At the close, Blue Power advanced 20 cents to $3.60 with an exchange of 4,639 shares, Caribbean Assurance Brokers rose 5 cents to end at $1.91, with 5,099 stocks changing hands, Caribbean Cream dropped 29 cents to finish at $6.10 with 27,902 units traded. Caribbean Flavours fell 11 cents to $2 with a transfer of 918,114 shares, Consolidated Bakeries dropped 34 cents to $1.65, with 7,000 stocks passing through the market, Elite Diagnostic slipped 13 cents to $3.07, with an exchange of 17,988 units. Express Catering rallied by 54 cents to end at $6.04 with 41,133 shares changing hands, Fosrich slipped 10 cents to $7.90 with 18,234 units traded, Honey Bun popped 5 cents to $6.60 with a transfer of 14,513 stocks. Jetcon Corporation rose 9 cents to $1.39 with investors switching ownership of 6,333 units, KLE Group spiked 13 cents to $1.18 with an exchange of 2,466 shares, Lasco Manufacturing slipped 18 cents to $4.82, with 24,939 stocks changing hands. 
Limners and Bards dipped 5 cents to $3.10 with 36,700 stock units traded, Medical Disposables fell 23 cents to $4.76 with a transfer of 1,276 units, Stationery and Office Supplies shed 36 cents to settle at $7.04 with 4,500 stocks changing hands and tTech jumped 33 cents to $4.75 with 492 shares crossing the exchange.
At the close, the All Jamaican Composite Index added 1,435.41 points to 456,996.38, the JSE Main Index rose 944.89 points to end at 419,409.14 and the JSE Financial Index lost 0.07 points to 103.17.
Trading averaged 240,337 units at $897,464, compared to 139,495 shares at $1,919,540 on Wednesday. Trading month to date, averages 342,188 units at $19,740,077, in contrast to 349,306 units at $21,057,034 on Wednesday. June ended with an average of 249,610 units at $3,877,606.
Radio Jamaica popped 7 cents to end at a 52 weeks’ closing high of $2.12 after hitting a high of $2.35 in trading 4,244,290 stock units, Sagicor Group rose 60 cents to $55.60 with the swapping of 7,350 units, Scotia Group rallied 42 cents to $39.12 in exchanging 36,715 shares, Seprod fell $2.07 to $67.12 in transferring 5,569 units, Sterling Investments lost 20 cents to end at $2.80 in exchanging 140,000 stock units, Supreme Ventures dipped 24 cents to $18.95 in trading 94,131 shares and Victoria Mutual Investments popped 40 cents to end at $6.40 in switching ownership of 13,298 stock units.
Trading ended with eight securities changing hands, compared to seven on Wednesday, with the price of one rising, three declining and four ending unchanged.
Margaritaville dropped 0.99 of a cent to 9 US cents, with 3,000 stocks crossing the market, Proven Investments ended trading at 24 US cents, with 235,128 stock units trading, Sterling Investments closed trading at 2.15 US cents in switching ownership of 227 units. Sygnus Credit Investments exchanged a mere 6 shares in ending trading at 16 US cents, Sygnus Credit Investments climbed 1.6 cents to 13.8 US cents after trading 100 stocks and Transjamaican Highway lost 0.05 of a cent after ending at 0.75 US cents in an exchange of 8,469 stocks.
In the end, 17 securities traded compared to 18 on Wednesday, with three rising, five declining and nine remaining unchanged. The Composite Index fell 3.99 points 1,420.25, the All T&T Index slipped 4.72 points to 1,937.44 and the Cross-Listed Index lost 0.45 points to close 121.47.
JMMB Group closed trading at $2.05 after exchanging 1,000 shares, L.J Williams B share settled at $1.50, after 9 stock units changed hands, Massy Holdings closed at $80.60, with the swapping of 228 shares. NCB Financial Group popped 1 cent to $8.01 after 9,252 stocks crossed the exchange, Republic Financial Holdings remained at $135.50, with an exchange of 1,851 shares, Scotiabank remained at $59.75 after 1,276 units traded. Trinidad & Tobago NGL dropped 14 cents to $18 with the swapping of 7,368 stocks, Trinidad Cement rallied 10 cents to end at $3.50 with an exchange of 2,000 units, Unilever Caribbean dipped 2 cents to $16.30, with 100 units crossing the exchange and West Indian Tobacco settled at $32.49 crossing the market 2,584 shares.
At the close, the All Jamaican Composite Index advanced 1,662.75 points to 455,560.97, the JSE Main Index climbed 2,127.16 points to end at 418,464.25 and the JSE Financial Index rose 0.88 points to 103.24.
At the close, Barita Investments shed 59 cents to end at $83.41 with a transfer of 839,640 shares, Berger Paints spiked 90 cents to $13.90 in exchanging 20 stock units, Caribbean Cement popped $1.25 to $92.75 with 1,654 units crossing the market. Eppley Caribbean Property Fund spiked $1.85 to $43 with the swapping of 27 stocks, Grace Kennedy lost 49 cents to close at $99.50 in switching ownership of 12,187 units. Guardian Holdings surged $24 to $670 in trading 526 stocks, Kingston Properties rallied 85 cents to $9.90 in exchanging 6,700 stock units, Kingston Wharves declined $2.32 to $47.60, with 11,630 shares changing hands. Margaritaville fell 25 cents to $14.50 with 8,513 units crossing the exchange, Mayberry Investments shed 45 cents to $5.70 with the swapping of 3,760 shares, Mayberry Jamaican Equities fell 25 cents to $9.05 in switching ownership of 36,860 stocks. NCB Financial rose 99 cents to $139.99 in switching ownership of 21,567 stock units, Palace Amusement climbed $40 to $1,100 in trading 124 stocks, PanJam Investment slipped $1 to $64 after an exchange of 6,052 units. Portland JSX rose 83 cents to $8 in trading 179 stock units, Proven Investments picked up 40 cents to close at $34.50 after trading 31,665 stocks, Radio Jamaica popped 5 cents to end at a 52 weeks’ high of $2.05 while exchanging 842,024 shares.
Sagicor Group advanced $3 to $55 in switching ownership of 61,758 shares, Seprod fell 80 cents to $69.19 with 17,791 shares changing hands, Sterling Investments gained 20 cents to end at $3 with 163,311 units crossing the market and Sygnus Credit Investments lost 38 cents after ending at $14.72 in trading 20,833 units.
