JMMB ended trading at 52 weeks’ low and West Indian Tobacco at a multi-year low on Thursday, on the Trinidad and Tobago Stock Exchange, with trading in 15 securities, down from 18 on Wednesday and ending with prices of three stocks rising, eight declining and four ended firm following a 32 percent decline in the volume of stocks traded with a 15 percent lower value than on Wednesday.
A total of 129,847 shares were traded for $1,051,586, from 191,862 stocks at $1,239,785 on Wednesday.
An average of 8,656 stock units were exchanged at $70,106 compared with 10,659 shares at $68,877 at the close on Wednesday, with trading for the month to date averaging 9,848 shares at $167,611 down from 9,925 units at $173,941 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index climbed 2.60 points to end the day at 1,120.74, the All T&T Index rose 5.42 points to 1,683.33, the SME Index remained at 87.78 and the Cross-Listed Index dropped 0.06 points to conclude trading at 72.61.
The market continues its weak tone as reflected in the Investor’s Choice bid-offer indicator showing three stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Agostini’s dipped 50 cents and ended at $69.50 after a transfer of 443 shares, Angostura Holdings slipped 6 cents to $18 with investors trading 1,029 stocks, Calypso Macro Investment Fund declined 30 cents to close at $23.70 after an exchange of 12,050 units. Endeavour Holdings ended at $17 with trading of 10 stocks, First Citizens Group added 5 cents to close at $44.05 with investors exchanging 382 shares, FirstCaribbean International Bank fell 4 cents to $6.86, with 53,358 stock units changing hands. JMMB Group shed 1 cent to close at a 52 weeks’ low of $1.14 with traders dealing in 700 units, Massy Holdings popped 20 cents to close at $3.70 after an exchange of 11,884 stocks, National Enterprises ended at $3.21 after 25,101 units passed through the exchange. 
Prestige Holdings dipped 8 cents to $12.70 with a transfer of 620 stocks, Republic Financial remained at $115 with 636 shares crossing the exchange, Scotiabank advanced 99 cents and ended at $63.99 in switching ownership of 200 stock units. Trinidad & Tobago NGL ended at $7 with 11,820 shares clearing the market, Trinidad Cement sank 30 cents in closing at $2.65 in an exchange of 11,564 stocks and West Indian Tobacco skidded 20 cents and ended at a 52 multi-year low of $8.30 with investors dealing in 50 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Weakness of Trinidad Exchange continues
Surge in trading on JSE Main Market
A surge in the volume of stock trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with a 355 percent increase in the volume of stocks traded with a value of 554 percent more than on Tuesday, with trading in 54 securities compared with 55 on Tuesday, with prices of 12 rising, 29 declining and 13 ending unchanged.
The market closed with 26,580,065 shares being traded for $169,019,186 up from 5,847,947 units at $25,826,887 on Tuesday.
Trading averaged 492,223 shares at $3,129,985 compared to 106,326 units at $469,580 on Tuesday and month to date, an average of 935,480 units at $8,817,927 compared with 974,913 units at $9,323,938 on the previous day and June with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 18.71 million shares for 70.4 percent of total volume followed by Lasco Distributors with 2.72 million units for 10.2 percent of the day’s trade, Jamaica Broilers ended with 1.48 million stocks for 5.6 percent market share and Wigton Windfarm with 1.17 million units for 4.4 percent of total volume.
The All Jamaican Composite Index rose 1,371.83 points to close at 354,079.08, the JSE Main Index increased 497.17 points to 313,613.94 and the JSE Financial Index popped 0.11 points to finish at 65.77.
The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AS Bryden skidded $4.87 to $36.02 with investors trading 697 stocks, Berger Paints climbed 64 cents to end at $8.64 after closing after an exchange of 389 units, Caribbean Producers rose 88 cents in closing at $10.22 after 13,736 shares passed through the market. Eppley rallied $1 and ended at $36, with investors trading 392 stock units, GraceKennedy fell $1 to finish at $72.50 with 82,329 shares clearing the market, Guardian Holdings slipped 95 cents to close at $345.05 with investors swapping 10 stocks. Jamaica Broilers lost 40 cents in ending at $33 in switching ownership of 1,483,018 units, Jamaica Stock Exchange declined 75 cents and ended at $10 after an exchange of 229,576 stock units, Kingston Wharves popped $1.92 to finish at $27.83 in trading 20,917 shares. 
MPC Caribbean Clean Energy shed 95 cents to end at $107, with 30 stocks crossing the exchange, Proven Investments increased 60 cents in closing at $19.10 after a transfer of 4,619 units, Sagicor Group gained $1.06 to close at $40.06, with 116,240 stock units changing hands. Scotia Group advanced $2.22 to $45.33 in an exchange of 114,624 shares, Seprod dropped 98 cents to end at $78.01 with investors dealing in 7,790 units and Wisynco Group rose 45 cents in closing at $20.95 after an exchange of 525,898 stocks.
In the preference segment, 138 Student Living preference share sank $54.50 to finish at $140 with a transfer of 130 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD market
Trading jumped on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks exchanged rising 317 percent after 240 percent more funds passed through the market than on Tuesday, resulting in trading in five securities, compared to six on Tuesday with prices of two rising, one declining and two unchanged.
The market closed with an exchange of 514,418 shares for US$11,601 compared to 123,275 units at US$3,408 on Tuesday.
Trading averaged 102,884 stock units at US$2,320 versus 20,546 shares at US$568 on Tuesday, with a month to date average of 39,547 shares at US$2,938 compared with 34,087 units at US$2,992 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index slipped 0.14 points to end at 227.08.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.3. The PE ratio is computed based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden ended at 22.49 US cents, after 2,019 shares passed through the market, Proven Investments remained at 12 US cents with investors dealing in 1,000 units, Sterling Investments increased 0.19 of a cent to end at 1.77 US cents after a transfer of 25,550 stocks and Transjamaican Highway declined 0.03 of a cent to finish at 2.02 US cents with investors swapping 485,461 stock units.
In the preference segment, JMMB Group 5.75% climbed 22 cents and ended at US$1.95 in an exchange of 388 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior market rises with negative sentiments
The Junior Market of the Jamaica Stock Exchange rallied on Wednesday, with trading in 40 securities, up marginally from 39 on Tuesday and ended with prices of 13 rising, 21 declining and six closing unchanged, with the market closing with negative market sentiment that is reflected in the Investor’s Choice bid-offer indicator on a day when trading volume and value were marginally different compared with Tuesday.
The market closed with an exchange of 5,990,982 shares for $9,247,492 compared with 5,601,327 stock units at $9,640,939 on Tuesday.
Trading averaged 149,775 shares at $231,187 versus 143,624 units at $247,204 on Tuesday with the month to date, averaging 291,473 units at $526,774 compared to 304,747 stock units at $554,463 on the previous day and June with an average of 318,732 units at $696,979.
EduFocal led trading with 1.75 million shares for 29.2 percent of total volume, with the stock trading at an intraday 52 weeks’ low of 40 cents followed by Stationery and Office Supplies with 1.07 million units for 17.9 percent of the day’s trade and Dolla Financial with 731,534 units for 12.2 percent market share.
At the close of trading, the Junior Market Index rallied 28.88 points to close at 3,751.07.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Access Financial climbed $3.45 to finish at $21.96 in an exchange of 4,754 stocks, Blue Power popped 8 cents to $4.38 after the trading of 2,000 units, Cargo Handlers sank $2.30 to close at $11.70 after a transfer of a mere 110 shares. Caribbean Assurance Brokers rallied 19 cents and ended at $3.74 with investors dealing in 1,220 stock units, Caribbean Cream increased 25 cents in closing at $3.75 with 2,440 shares clearing the market, Derrimon Trading advanced 25 cents to end at $2.05 in switching ownership of 700 stocks. Dolla Financial rose 9 cents in closing at $2.60 after 731,534 units passed through the market, Elite Diagnostic slipped 5 cents to $1.55 in trading 600 stock units, iCreate fell 6 cents to close at 50 cents after 267,786 shares crossed the market. Indies Pharma dipped 12 cents to finish at $2.50 with traders dealing in 23,487 stock units, ISP Finance sank $2.29 and ended at $25 after an exchange of 10 units, Jamaican Teas gained 12 cents to end at $2.32 with investors trading 6,594 stocks. JFP Ltd rose 13 cents in closing at $1.18 with an exchange of 69,078 shares, 
Knutsford Express skidded 10 cents to $10.90 and closed after an exchange of 3,647 stocks, Lumber Depot lost 5 cents to finish at $2.75, with 15,051 stock units crossing the exchange. Main Event rallied 50 cents and ended at $12.50 with investors swapping 2,296 stock units, Medical Disposables declined 61 cents to end at $1.90 with a transfer of 32 shares, Regency Petroleum shed 18 cents to close at $2.41, with 4,932 stock units crossing the market. Spur Tree Spices shed 7 cents to close at a 52 weeks’ low of $1.90 with investors trading 494,277 stock units, Stationery and Office Supplies lost 5 cents in closing at $1.65, with 1,072,600 units changing hands and tTech skidded 58 cents to close at $2.62 after an exchange of 1,017 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More fall out for Trinidad Exchange
Stocks ended lower at the close of the Trinidad and Tobago Stock Exchange on Wednesday, with trading in 18 securities up from 13 on Tuesday and ending with prices of three stocks rising, four declining and 11 ending firm, resulting from a 19 percent fall in the volume of stocks traded with valued 9 percent decline in value compared with market activity on Tuesday.
The market closed with trading of 191,862 shares for $1,239,785 down from 236,530 stocks at $1,357,640 on Tuesday.
An average of 10,659 shares were traded at $68,877 compared with 18,195 units at $104,434 on Tuesday, with trading month to date averaging 9,925 shares at $173,941 compared with 9,863 units at $182,820 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index dropped 3.92 points to conclude trading at 1,118.14, the All T&T Index dipped 7.59 points to 1,677.91, the SME Index remained at 87.78 and the Cross-Listed Index ended unchanged at 72.67.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of market activities, Agostini’s ended at $70 after an exchange of 208 stocks, Angostura Holdings popped 1 cent higher to close at $18.06 with investors trading 1,005 stock units, Calypso Macro Investment Fund ended at $24 after a transfer of 5 shares. Endeavour Holdings remained at $17 with 30 stocks clearing the market, First Citizens ended at $44 after an exchange of 5,317 shares, FirstCaribbean International Bank closed at $6.90, with 35,600 stocks changing hands. GraceKennedy ended at $3.89 after 35 stocks passed through the market, Guardian Holdings rose 60 cents in closing at $15.60 in trading 2,310 units, JMMB Group remained at $1.15, with 3,018 shares crossing the exchange. Massy Holdings sank 30 cents to end at $3.50 with a transfer of 110,030 stock units, 
National Enterprises ended at $3.21 with investors swapping 3,670 stocks, Point Lisas rallied 18 cents to $3.28 with an exchange of 3,031 units. Prestige Holdings ended at $12.78, with 453 shares crossing the market, Republic Financial declined 50 cents to close at $115 in an exchange of 372 units, Scotiabank lost $1 in closing at $63 with investors trading 603 stocks. Trinidad & Tobago NGL remained at $7 in an exchange of 18,797 stock units, Trinidad Cement dipped 2 cents and ended at $2.95 with traders dealing in 21 shares and West Indian Tobacco ended at $8.50 after an exchange of 7,357 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
RA Williams comes to market with error filled prospectus
The initial offering of 400 million shares in RA Williams opens today at 9 in the morning at $1 each and is scheduled to close on the 31st of July but is expected to close much earlier.
Unfortunately, the prospectus has errors relating to data on profitability in 2024, resulting in uncertainty as to what years some of the information relates with both captioned with 2024 as the financial years and error in the interim statement of financial position to January.
The company currently has 1.16 billion shares outstanding and will have 2 billion units issued at the end of what is expected to be a successful offer. The shares are to be listed on the Junior Market, bringing the total listing back to 48. A total of 190 million of the shares being offered are reserved, with just 210 million available for the general public.
with profit before tax of $133 million before tax for EPS of 83 and a PE of 12 times earnings as of April this year. With the market average PE close to 14, there is not much room for short-term growth other than the hype of initial investment in the IPO and the limited number of shares on offer.
R.A. Williams, a primarily pharmacist-owned and operated pharmaceutical distribution company, that started operations in Spanish Town, St. Catherine in 2012.
In commenting on the issue, the Chief Executive Officer, R A Williams states, “We have recently concluded negotiations with Fourrts (India) Laboratories Pvt Ltd and Mankind Pharma Limited, which will see us introducing new treatment options in areas that require treatment with anti-infectives and dermatological options. From this expanded product offering, we expect a boost in the company’s revenues.”
Willaims went on to state, “The Company is in a new cycle of its growth which will be underpinned by the utilisation of a higher proportion of equity to fund its future expansion. As a result, the proceeds from this Invitation will be mainly used to repay the Company’s debts. This debt reduction will have the immediate effect of reducing the Company’s financing costs, thereby increasing the Company’s profitability and the expected returns to shareholders.
They currently distribute over 130 products, serving more than 700 customers across the island.
Growth in Revenues has been strong since 2020, with an increase of 41.6 percent For the year ended April 2023, to $1.4 billion, above sales of $994 million in 2023, which increased by a sharp 54 percent from $647 million in 2021 and was up 29 percent over the $502 million in 2020 with 2020 seeing an increase of 19 percent.
While revenue growth has been impressive, the annual improvement in the bottom line is even more impressive up to 2023. In 2020 while revenues climbed attractively, profit declined 51 percent from $36 million in 2019 to $18 million but grew 133 percent to $42 million in 2021 and by 26 percent to $52 in 2022 and 88 percent in 2023 to $98 million.
Margins on sales have been impressive at 42 percent over the past two years and an average of 43.4 percent since 2019.
Revenues grew by just 6.3 percent for the year to April 2024 to $1.5 billion with profit falling before tax to $133 million from $161 million in 2023.
Shareholders equity stood at $386 million at the end of April this year. In January 2024, short term loan which is erroneously grouped under a caption headed current assets, amounts to $215 million and related party loans of $107 million.
Sagicor Investments are brokers for the issue.
Stocks plunged on the JSE Main Market Tuesday
Stocks prices plunged at the close of trading on Jamaica Stock Exchange Main Market on Tuesday, following trading in 55 securities compared with 59 on Monday, with prices of 19 stocks rising, 20 declining and 16 ending unchanged at the close, with the volume of stocks traded rising by 86 percent with a 15 percent lower value than Monday.
The market closed with 5,847,947 shares trading for a mere $25,826,887 compared with 3,152,052 units at $30,466,322 on Monday.
Trading averaged 106,326 shares at $469,580 compared to 53,425 units at $516,378 on Monday and month to date, an average of 974,913 units at $9,323,938 compared with 1,061,457 units at $10,206,166 on the previous day and June with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 1.93 million shares for 32.9 percent of total volume followed by Wigton Windfarm with 1.56 million stocks for 26.6 percent of the day’s trade and Sagicor Select Financial Fund with 1.06 million units for 18.1 percent of market share.
The All Jamaican Composite Index dived 4,372.87 points to close at 352,707.25, the JSE Main Index dropped 3,334.60 points to end at 313,116.77 and the JSE Financial Index fell 1.41 points to finish at 65.66.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close, Caribbean Producers lost 66 cents to finish at $9.34 after 20,238 stocks changed hands, Eppley dropped $3.67 and ended at $35, with 965 units crossing the exchange, Guardian Holdings sank $3 to $346 in switching ownership of 58 shares. Jamaica Stock Exchange increased 75 cents in closing at $10.75, with 6,345 stock units crossing the market, Mayberry Group popped 52 cents to close at $8.09 with investors swapping 28,774 shares, NCB Financial shed $1.05 to end at $54.95, with 34,412 units crossing the market. Pan Jamaica declined $1.05 in closing at $48 after an exchange of 57,445 stocks, 
Proven Investments fell $1.30 to $18.50, with 10,189 stock units passed through the market, Sagicor Group skidded $1 to finish at $39 in an exchange of 68,737 shares. Scotia Group sank $2.29 and ended at $43.11 with 47,852 units clearing the market and Supreme Ventures slipped 44 cents to close at $23.55 as investors exchanged 18,496 stocks.
In the preference segment, Eppley 7.25% preference share dipped $3.98 to end at $17.01 after a transfer of 288 stock units. Jamaica Public Service 9.5% fell $2 in closing at $2,697 with investors dealing in 30 shares and 138 Student Living preference share gained $24.50 to close at $194.50 in an exchange of 131 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady Junior Market trades
Market activity on Tuesday mirrored trading on Monday with a slightly elevated level with 5,601,327 shares changing hands for $9,640,939 up from 5,299,136 units at $9,620,321 on Monday on the Junior Market of the Jamaica Stock Exchange, resulting from trading in 39 securities down from 44 on Monday and ending with prices of 15 rising, 16 declining and eight closing unchanged. tTech traded at a 52 weeks’ high of $3.20, this follows last week’s announcement that the major ownership changed hands.
Trading averaged 143,624 shares at $247,204 compared with 120,435 units at $218,644 on Monday with the month to date, averaging 304,747 units at $554,463 compared to 320,942 stock units at $585,348 on the previous day and June with an average of 318,732 units at $696,979.
JFP Ltd led trading with 1.75 million shares for 31.2 percent of total volume, with the price hitting an intraday 52 weeks’ low of $1 followed by Jamaican Teas with 950,471 stocks for 17 percent of the day’s trade and ONE on ONE Educational with 496,370 units for 8.9 percent market share.
At the close of trading, the Junior Market Index rallied 22.93 points to lock up trading at 3,722.19.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Blue Power climbed 8 cents to close at $4.30, with 5,000 stock units crossing the market, Cargo Handlers rose $1.02 to $14 as investors exchanged just 559 shares, Consolidated Bakeries rallied 24 cents in closing at $2.24 after 2,000 stocks passed through the market. Derrimon Trading sank 28 cents to finish at $1.80 in an exchange of 119,959 units, Dolla Financial declined 9 cents and ended at $2.51, with 460,051 shares changing hands, Dolphin Cove shed 47 cents to end at $23.03 with 3,685 stock units crossing the exchange. 
Express Catering sank 6 cents to $4.04 with investors dealing in 491 stocks, Fontana increased 45 cents to close at $8.49 after an exchange of 25,133 units, Future Energy skidded 7 cents to end at $3.22 with investors trading 52,559 stocks. KLE Group lost 25 cents in closing at $2 after 15,000 shares crossed the market, Limners and Bards popped 33 cents to finish at $1.89 with a transfer of 14,560 units, Lumber Depot gained 5 cents and ended at $2.80 after an exchange of 1,000 stock units. Mailpac Group dipped 14 cents to $2.04 and closed after 224,125 shares changed hands and Main Event fell 50 cents and ended at $12 with traders dealing in 7,773 units of its shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More decline for Trinidad stocks
Rising stocks shared the honours in trading on Tuesday with those declining on the Trinidad and Tobago Stock Exchange, resulting from an exchange of 13 securities down from 17 on Monday and ending with prices of two stocks rising, two declining and nine ending firm, with the market suffering another body blow with the main indices declining after the volume of stocks traded rose 5 percent and valued 81 percent less than on Monday.
The market ended trading of 236,530 shares at $1,357,640 versus 225,863 stock units at $7,248,630 on Monday.
An average of 18,195 shares were traded for $104,434 compared with 13,286 units at $426,390 on Monday, with trading month to date averaging 9,863 shares at $182,820 compared to 9,322 units at $187,914 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index dipped 4.45 points to lock up trading at 1,122.06, the All T&T Index sank 6.62 points to 1,685.50, the SME Index remained unchanged at 87.78 and the Cross-Listed Index lost 0.30 points to culminate at 72.67.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Calypso Macro Investment Fund ended at $24 with investors dealing in 66 shares, First Citizens Group ended with an exchange of 205 stock units at $44, FirstCaribbean International Bank ended at $6.90 with investors exchanging 464 units. GraceKennedy closed at $3.89 after 166,221 stocks crossed the exchange, Guardian Holdings shed 60 cents to close at $15 in switching ownership of 11,164 shares, JMMB Group dipped 5 cents to finish at a 52 weeks’ low of $1.15 with 2,500 units clearing the market.
Massy Holdings ended at $3.80 with an exchange of 41,119 stocks, National Enterprises advanced 11 cents in closing at $3.21, with 355 stock units crossing the market, National Flour Mills remained at $2.12 after an exchange of 45 shares. Republic Financial popped $1.50 to end at $115.50 with a transfer of 2,371 stock units, Scotiabank ended at $64, with 23 units changing hands, Unilever Caribbean closed at $11 with an exchange of 140 stocks and West Indian Tobacco ended at $8.50 after 11,857 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No Beryl ruffle for ICTOP10
Acquisitions ruled the market this past week with former ICTOP 10 stock Caribbean Producers and current TOP10 listed tTech major shareholding shifting to new owners, with the promise of more shares to be bought by the major shareholders in both cases. These developments had little impact on the overall market during the week but they sent a powerful message to investors, if they care to listen.
In Junior Market ICTOP10, Consolidated Barkeries rose 14 percent to close at $3.85, Caribbean Cream gained 13 percent to $3.75 and tTech rose 5 percent to $2.50 following a switch in ownership of the company. Access Financial fell 9 percent to $19.95 followed by One Great Studio, down 7 percent to 77 cents.
Main Market TOP10 listed Berger Paints fell 12 percent in closing at $7.90 and Key Insurance declined 9 percent to close at $2.05. There were no stocks with gains for the week of note.
Jamaica Broilers returns to the Main Market TOP10, replacing Palace Amusement with a moderate rise to $1.19. The Junior Market had no changes.
The average PE for the JSE Main Market ICTOP 10 stands at 4.9, well below the market average of 13.9 and the Junior Market TOP10 sits at 6.9, just over half of the market, with an average of 12.8.
The Main Market ICTOP10 is projected to gain an average of 312 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 207 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 102, with an average of 29 and 19 excluding the highest PE ratios, and a PE of 23 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 14 stocks, or 30 percent of the market, with PEs ranging from 15 to 50, averaging 14, well above the market’s average. The average PE for the top half of the market is 17, possibly the lowest fair value measure for stocks currently.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so.
ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.