Emerging markets — Page 333

Guardian dominates JSE trading

May 26, 2021 by IC Insider.com

Guardian Holdings dominated market activity after trading 713,248 shares, with a value of just over $549 million, after a drop in the price by $19.50 to a new low of $770 on Jamaica Stock Exchange Main Market on Wednesday, with the market losing ground for a second consecutive day after advancing stocks beat out declining ones 3 to 2 with an exchange of 116 percent more shares valued 348 percent higher than on Tuesday.

Guardian Holdings hit a 52 weeks’ high of $30 on Tuesday.

The All Jamaican Composite Index fell 1,023.18 points to 452,448.35, the JSE Main Index declined 1,934.22 points to 421,497.16 and the JSE Financial Index shed 0.86 points to settle at 104.35.
Trading ended with 48 securities down from 49 on Tuesday, with 24 rising, 17 declining and seven remaining unchanged. The PE Ratio averages 16.1 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 27,181,743 shares trading for $767,234,675 versus 12,559,445 units at $171,180,809 on Tuesday. Sagicor Select Financial Fund led trading with 69.9 percent of total volume for an exchange of 18.99 million shares, followed by Pulse Investments with 6.4 percent for 1.74 million units, Wigton Windfarm chipped in with 5.1 percent for 1.37 million units and NCB Financial Group with 4.2 percent for 1.15 million units changing hands.
Trading averaged 566,286 units at $15,984,056, compared to 256,315 shares at $3,493,486 on Tuesday. Trading month to date averages 330,401 units at $4,291,851, in contrast to 316,230 units at $3,589,441 on Tuesday. April closed with an average of 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints rose $1.39 to $16.39 in exchanging 2,654 stock units, Caribbean Cement closed $1.98 higher at $89.48 with a transfer of 1,089 stocks. Carreras gained 25 cents to finish at $10.50 with 85,097 shares clearing the market, Eppley Caribbean Property Fund declined $2.99 to $42 with 115 units changing hands, First Rock Capital shed 50 cents to $15.90 with 10,162 stocks clearing the market. Grace Kennedy rose 30 cents to close at $88 in trading 49,741 stock units, Jamaica Broilers climbed $1.40 to $34 with the swapping of 13,768 units. Jamaica Producers shed $1.40 to end at $23.10 in trading 26,348 shares, JMMB Group finished 91 cents higher at $32.91 with 125,312 stocks clearing the market. Margaritaville rose 75 cents to $15 in switching ownership of 200 stock units, Mayberry Investments gained 38 cents to close at $5.65 in transferring 72,379 shares. Mayberry Jamaican Equities picked up 27 cents to settle at $7.81 after crossing the exchange with 143,942 units, MPC Caribbean Clean Energy climbed $18.19 to $120 with 244 stocks changing hands, NCB Financial Group advanced $2.50 to $140 trading 1,149,802 shares. Palace Amusement dropped $20 to $910 in switching ownership of 219 stocks, Pan Jam Investment advanced $2.95 to $67.95 after trading 1,139 units, Scotia Group gained 20 cents in ending at $40 with 133,171 stocks crossing the market, Seprod lost 59 cents to finish at $73 in exchanging 10,376 stock units. Stanley Motta gained 24 cents in closing at $6.24 after exchanging 17,000 units, Sterling Investments
shed 23 cents to $3.10 with a transfer of 182,875 stock units, Supreme Ventures dipped 49 cents to $20.01 after exchanging 196,302 shares and Victoria Mutual Investments increased 4 cents to close at $7 after trading 110,475 stocks.
In the preference segment, Eppley 8.25% fell 62 cents to close at $6.37 with 5,127 shares crossing the exchange.

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

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, 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, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Nice fall for JSE USD market

May 26, 2021 by IC Insider.com

Trading on Wednesday ended with the market declining after trading 51 percent more shares than on Tuesday, on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks falling than rising.
Seven securities changed hands, compared to eight on Tuesday, with one stock rising, five declining and one remaining unchanged.
The JSE USD Equity Index lost 7.00 points to end at 203.00. The average PE Ratio ends at 12.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 408,971 shares traded at US$20,220 compared to 270,159 units at US$16,319 on Tuesday.
Trading averaged 58,424 units at US$2,889, up from 33,770 shares at US$2,040 on Tuesday. Trading averaged 94,941 units, month to date at US$10,955 in contrast to 97,719 units at US$11,568 on Tuesday. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, First Rock Capital dropped 0.39 of a cent to 8.5 US cents in switching ownership of 55,017 shares, Margaritaville lost 0.49 of a cent to end at 9.5 US cents while trading 2,000 stock units. MPC Caribbean Clean Energy declined 15 cents to end at a 52 weeks’ low of 95 US cents trading 307 units. Proven Investments declined half a cent to 26 US cents after exchanging 48,212 shares, Sygnus Credit Investments increased 0.96 of a cent to 15.96 US cents, with 3,415 shares changing hands and Transjamaican Highway dropped 0.1 of a cent to 0.85 of a US cent with an exchange of 300,009 shares.
In the preference segment, Equityline Mortgage Investment preference share closed at US$2 in trading 11 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Equityline Mortgage Investments, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Margaritaville, Proven Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Profit jumps 19.5% at Wigton

May 26, 2021 by IC Insider.com

Wigton Windfarm delivered a 19.5 percent increase in net profit of $793 million for the year to March 2021, up from $663 million generated in 2020 from Sale revenues that rose 7.2 percent to $2.59 billion in the year to March 2021 from $2.4 billion in 2020.

Wigton traded 65 cents of shares on Wednesday.

This is the second year in a row that the profit is rising, following a 30 percent increase in the 2020 fiscal year over that of 2019.
Other income contributed $218 million to profit up from $221 million in 2020 and incurred direct costs of $789 million for the year against $764 million in 2020. General administrative expenses amounted to $491 million for the year against $479 million in 2020, while finance charges amount to $503 million compared to $527 million in 2020. Taxation ate up 4234 million, up from $206 million in 2020.
The company generated a positive cash flow of $1.6 billion repaid loans to the tune of $710 million and paid out a mere $28 million in dividend.
Wigton ended the year with cash of $3.2 billion and is a part of the total current assets of $3.7 billion but there was only $117 million in current liabilities but the company borrows $5.6 billion and has shareholders’ equity of $4.2 billion.
The company earned seven cents per share, with 202 coming in at six cents. With the stock selling at 65 cents on the Main Market of the Jamaica Stock Exchange, it appears cheap, but investors have to consider that the company had indicated that the rate collected on one of the turbines will fall sharply from what would have been received for the 2021 fiscal year, as such the reduction is going to have a major negative impact on revenues and profit going forward.
Here is what the audited accounts stated “Wigton Phase II which was commissioned in December 2010 and supplies 18MW power to the grid. The plant was awarded the avoided rate for the energy it supplies and as per the terms and conditions of the Power Purchase Agreement (PPA), the final rate adjustment for this plant was applied at the end of March 2021. The rate adjustment will translate to approximately fifty percent reduction in the revenue from Wigton Phase II in United States Dollars. This is projected to equate to an overall fourteen percent decrease in revenue in Jamaican Dollars.
The effect of the rate adjustment will reduce revenues by approximately $380 million before tax and will result in net profit coming in around $470 million of 4.3 cents per share for the 2021/22 fiscal year and that would put the value of the stock around at the latest price of 65 cents at a PE of 15.”

Filed Under: Company News, Company Results Tagged With: Emerging markets, Emerging Stock, Jamaica Stock Exchange, Wigton Windfarm

T&TSE market rises

May 26, 2021 by IC Insider.com

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Market activity ended on Wednesday after 16 percent shares fewer shares with a 17 percent lower value traded than on Tuesday, resulting in an equal number of stocks rising and falling at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 14 traded compared to 16 on Tuesday, with four stocks rising, four declining and six remaining unchanged. The Composite Index rose 6.80 points to 1,374.39, the All T&T Index advanced 13.16 points to 1,860.79 and the Cross-Listed Index remained unchanged at 119.67.
A total of, 470,149 shares traded, for $8,330,555 compared to 560,040 units at $9,978,704 on Tuesday.
An average of 33,582 units traded at $595,040 for the day, compared to 35,003 at $623,669 on Tuesday. The average trade for the month to date amounts to 26,066 units at $406,977 versus 25,666 units at $396,966. The average trade for April ended at 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $24.40 with an exchange of 30 shares, Angostura Holdings ended at $15 after exchanging 1,200 units, Ansa Mcal rose 2 cents to $56.75 after exchanging 3,053 shares. Clico Investment Fund ended at $25.50, exchanging 121,283 shares, First Citizens Bank rose $1.50 in closing at $50 after trading 8,617 units, Guardian Holdings lost 18 cents in closing at $32.32 in switching ownership of 25,226 stocks, Massy Holdings dropped $6.24 to close at $68.51 with an exchange of 55 units. National Flour Mills settled at $2.30 while exchanging 130,465 stocks, NCB Financial Group closed at $8.50 with the swapping of 60,249 shares, Prestige Holdings fell 44 cents to end at $6.55 in an exchange of 909 shares. Scotiabank gained $1 to end at $57 after clearing the market with 22,486 units, Trinidad & Tobago NGL gained 89 cents to close at $17.84 after exchanging 91,271 stock units, Unilever Caribbean closed at $16.33, with 2,058 stocks crossing the market and West Indian Tobacco fell 1 cent to end at $32.48 with the swapping of 3,247 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Stock Market, TTSE Market Tagged With: Agostini's, Angostura Holdings, Ansa Mcal, Clico Investment, Daily Trading, Emerging markets, Emerging Stock, First Citizens, Guardian Holdings, Massy Holdings, National Flour, NCB Financial Group, Prestige Holdings, Scotiabank, Trading Activity, Trinidad & Tobago NGL, TTSE, Unilever Caribbean, West Indian Tobacco

Mayberry Investments may be worth a spec

May 26, 2021 by IC Insider.com

Mayberry Investments had one of its better performances in the March 2021 quarter, with a profit of $365 million that was up from a loss of $1.3 billion for the March 2020 quarter, but one would be hard pressed to glean that from the reaction of investors to the stock that hardly moved before or after the results.
Profit attributable to shareholders was $278 million in the quarter, up from a loss of $971 million in the 2020 quarter. Earnings per share amount to 23 cents for the quarter.
Contributing to the robust outturn was a 33 percent rise in Interest income to $197 million and a fall of two percent in Interest expenses to $135 that resulted in Net Interest income of $62 million, increasing by $51 million over the 2020 first quarter. Fees and Commission Income fell from $130 million to $118 million, primarily due to the following that Mayberry states, “Equity commission decreased by $7.8 million; IPO selling fees income was lower by $27 million and Corporate Advisory fees experienced a $26 million shortfall. In addition, loan processing fees declined by $6.3 million.”
Dividend income grew sharply by $110 million to $119 million that Mayberry attributes to payouts from Supreme Ventures and General Accident Insurance. Revenues also benefited from unrealized gain on investment of $272 million, up from a big loss of $1.13 billion in 2020 following the sharp fall in asset values in the 2020 March quarter, with the outbreak of Covid-19. Other income generated $34 million up from just $2 million in 2020, resulting from the recovery of bad debts during the period. Net Foreign exchange gains of $62 million decreased by $7 million.

Mayberry Ithe lead broker.

The group suffered a total comprehensive loss of $150.5 million, compared to a loss of $7.5 billion for the corresponding quarter of 2020, with shareholders of the parent company picking up $94 million in the 2021 quarter and $5.5 billion in 2020.
Operating expenses fell by $46 million, from $367 million to $321 million, with salaries and staff related costs falling from $171 million to $145 million and other operating costs dropping from $172 million to $151.
Total Assets at the end of March 2021 amount to $31.5 billion, up from $30.4 billion at March 2020, with investments of $18.6 billion, Reverse Repurchase agreements and Promissory notes account for $6.8 billion, loans and other receivables accounts for $3.4 billion. At the end of the period, Shareholders’ Equity stood at $12 billion and is up from $9.6 billion for the 2020 period.
The stock is undervalued with a net asset value of $10 per share and a PE Ratio based on estimated 2021 earnings that are around 5 times earnings, that excludes other comprehensive income. There are a number of problems that have weighed down the value of the company, one major one is the inconsistency in earnings over the years. In addition, the company has turned off many of its former loyal customers and other stakeholders over the years.
The stock that is listed on the Main Market of the Jamaican Stock Exchange now trades at $5.65, still below its all-time high of more than $8 reached shortly after it was listed in 2005.

Filed Under: Company News, Company Results Tagged With: Emerging markets, Emerging Stock, Jamaica Stock Exchange, Mayberry Investments

Junior Market down for a second day

May 25, 2021 by IC Insider.com

Stock prices mostly pulled back in trading closed on Tuesday, after the market closed on Monday for the country’s Labour Day public holiday, with the volume of stocks traded rising 36 percent above Friday’s activity, with the value traded, rising 11.5 percent, at the close of the Junior Market of the Jamaica Stock Exchange.
At the close, 38 securities traded, down from 41 on Friday and ended with 11 stocks rising, 18 declining and nine remaining unchanged.
At the close, the Junior Market Index slipped for the second day running, with a fall of 21.23 points to close at 3,302.85. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings ended with an average of 12.3.
A total of 9,807,790 shares traded for $24,800,486 compared to 8,800,514 units at $18,269,545 on Friday.
Lumber Depot led trading with 2.73 million shares for 27.8 percent of the total volume, followed by Future Energy Source 22.5 percent of the day’s trade with 2.21 million units and CAC 2000 9.5% preference share 10.3 percent with 1.01 million units.

Trading averaged 258,100 units at $652,644 in contrast to 214,647 at $445,599 on Friday. For the month to date, trading averages 341,465 units at $821,725, compared to 347,033 units at $833,017 on Friday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Access Financial advanced $1.96 to finish at $22.16, trading 49 shares, Caribbean Assurance Brokers dropped 11 cents to close at $1.89, after 7,131 stock units crossed the market, Caribbean Cream fell 14 cents to $5.52, with 43,307 shares changing hands, Caribbean Flavours dropped 10 cents to end at $2.05 in exchanging 134,970 units. Caribbean Producers shed 20 cents to close at $3.55, with 60,909 stocks clearing the market, Consolidated Bakeries shed 20 cents in ending at $1.50 after exchanging 35,150 shares, Derrimon Trading dropped 6 cents to $2.44, with 203,827 stock units changing hands. Dolphin Cove lost 11 cents to end at $7.50 after trading 1,583 stock units, Express Catering lost $1.08 to end at $4.42 with an exchange of 35,563 units. Fontana climbed 9 cents to $6.15, trading 98,368 stocks, Gwest Corporation climbed 20 cents to $1 in switching ownership of 487,358 units. Jetcon Corporation shed 7 cents in closing at 95 cents after trading 101,563 units, Knutsford Express fell 5 cents to $8.30 in switching ownership of 2,107 stock units, Lasco Distributors lost 15 cents to end at $4 with an exchange of 49,113 stocks. Lasco Financial fell 14 cents to $3.16, with 29,785 stock units crossing the exchange, Limners and Bards fell 15 cents to $3.21 after 148,066 units cleared the exchange. Mailpac Group rose 6 cents $3.81 after exchanging 216,045 units, SSL Venture declined 9 cents to 55 cents in an exchange of 50,318 stocks and Stationery and Office Supplies fell 20 cents to $8.10, trading 27,915 shares.

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

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

JSE Main Market stocks fell

May 25, 2021 by IC Insider.com

The majority of Main Market stocks fell on Tuesday after the market reopened for the Labour day holiday activity ended 49 securities trading with prices of 16 rising, 26 declining and seven remained unchanged, with the seven percent fewer shares trading at double the value of stocks trading on Friday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 1,007.80 points to 453,471.53, the JSE Main Index fell 871.80 points to 423,431.38 and JSE Financial Index slipped 0.12 points to 105.21.
At the close, the PE Ratio averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading accounted for 12,559,445 shares for $171,180,809 compared to 13,537,949 units for $85,630,782 on Friday.
Trading ended with an average of 256,315 units at $3,493,486 compared to 282,041 shares at $1,783,975 on Friday. Trading month to date averages 316,230 units at $3,589,441, in contrast to 320,145 units at $3,595,710 on Friday. April closed with an average of 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints slipped $1.39 to $15 with the swapping of 5,190 shares, Carreras fell 45 cents to $10.25, with 183,936 stocks crossing the exchange. Eppley advanced $1 to $34 with 1,040 units changing hands, First Rock rose 55 cents to $16.40 trading 1,100 shares, Grace Kennedy lost 30 cents in trading 47,364 shares at $87.70, Guardian Holdings lost 50 cents to close at $789.50 after trading 6,164 shares, Jamaica Broilers fell $2.10 to $32.60 in a transfer of 36,324 shares. Jamaica Producers rose $1.50 to $24.50, with 880,287 stocks crossing the market, Kingston Wharves rose 31 cents to $46.31 after trading 3,528 shares, Margaritaville fell 35 cents to $14.25 trading 26,300 stock units, NCB Financial Group shed $1 to end at $137.50 in a transfer of 521,766 units, Palace Amusement rose $4 to $930 with 82 stock units changing hands, PanJam Investment dropped $6.60 to $65 after exchanging 16,245 stocks, Sagicor Group lost 70 cents to close at $52 in switching ownership of 525,679 stocks, Sagicor Real Estate Fund lost 30 cents to close at $8 while trading 2,030 shares, Scotia Group fell $1 to $39.80 in exchanging 28,625 units, Supreme Ventures fell $1.25 to $20.50 in trading 58,706 stocks and Wisynco gained 39 cents to finish at $15.89 after exchanging 23,510 stocks.

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: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Community & Workers Credit Union, 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, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Profit jumps 77% at Honey Bun

May 25, 2021 by IC Insider.com

Net profits surged 77 percent to $77 million at Honey Bun in the quarter to March, this year from $43 million earned in the 2020 March quarter from a 16 percent rise in revenues to $527 million from $453 million in 2020.
For the six months to March, profit after tax grew 20.7 percent to $112 million from $92 million in 2020, with revenues coming in 13 percent ahead of the 2020 income of $876 million to close out the March 2020 half year at $989 million.
“The improvement was attributable to a number of factors, including the introduction of new products such as the Hot Dog roll and Cinnamon loaf’, chairman Herbert Chong and Michelle Chong, Chief Executive Officer, stated in their jointly signed commentary on the results.
Gross profit for the quarter grew 19 percent to $254 million over the $214 million realized in the prior year, whilst gross profit margin rose to 48 percent from 47.3 percent in the prior year.
“Easter bun sales performed well, in particular, Easter bun exports grew 48 percent over prior year,” the directors reported.
For the half year, gross profit came in at $472 million, 11 percent more than the prior year’s $426 million. Gross profit margin slipped to 47.7 percent compared to 48.6 percent in the prior year. “The decline was due to increased cost of raw materials and other manufacturing inputs that occurred mainly in the first quarter,” the directors stated.
Administrative cost rose 15 percent to $109 million in the quarter from $95 million in 2020 and climbed 18 percent to $216 million for the half year from $184 million. Selling and distribution costs slipped to $59 million from $63 million in the 2021 quarter versus that of 2020 and, for the half year, ended at $128 million for 2021 from 129 million in 2020.

Honey Bun historical earnings with projections for 2021.

“The company invested $69 million in capital expenditure in the period, mainly to upgrade vehicle fleet to service new routes, and to acquire additional manufacturing equipment,” the directors reported.
Fixed assets net of depreciation of $36 million for the half year amounts to $588 million. The company also has investments of $64 million.
Current assets climbed from $474 million at the end of March 2020 to $506 million, including cash and equivalent of $347 million and receivables of $81 million, compared to $119 million at the end of March 2020. Inventories declined from $94 million to $75 million at the end of the half year. Current liabilities stood at $181 million compared to $203 million at the 2020 half year and include trade and other payables of $161 million, down from $180 million at the end of March 2020. The movement in the working capital resulted in net current assets ending at $326 million, 20 percent higher than March 2020.
Shareholders’ equity ended at $939 million that compares with borrowed funds of just $25 million.
The company generated net cash of $168 million for the six months and paid out $42 million for dividends and, after spending to acquire fixed assets and investments, ended up with additional funds of $50 million.
Earnings per share for the quarter was 16 cents and is up from 9 cents in 2020, with the half year ending at 24 cents compared to 20 cents in 2020. ICInsider.com projects earnings of 50 cents per share for the current year giving it a PE of 13.5, slightly above the market average currently of 12.5, but less than others that are priced around 17. The stock traded at $6.75 on Friday on the Junior Market of the Jamaica Stock Exchange.

Filed Under: Company News, Company Results Tagged With: Emerging markets, Emerging Stock, Honey Bun, Jamaica Stock Exchange, Jamaican stocks, junior market

USD stocks rose

May 25, 2021 by IC Insider.com

Market activity ended with the market rising after the number of securities trading climbed above Friday’s level on the US dollar market of the Jamaica Stock Exchange, resulting in eight securities changing hands, compared to six on Friday with prices of five stocks rising, none declining and three remaining unchanged.
The JSE USD Equity Index gained 1.95 points to end at 210.00. The average PE Ratio ends at 13.4 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 270,159 shares traded, for US$16,319 compared to 483,586 units at US$38,961 on Friday.
Trading averaged 33,720 units at US$2,040, in contrast to 80,598 shares at US$6,494 on Friday. Trading averaged 97,219 units for the month to date at US$11,568 in contrast to 103,810 units at US$12,476 on Friday. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital added 0.028 of a cent to end at 8.89 US cents, with an exchange of 908 shares, Margaritaville rose 0.099 to settle at 9.99 US cents trading 50,021 stocks, Proven Investment rose 0.05 of a cent in closing at 26.5 US cents, with 7,356 stock units changing hands. Sterling Investments gained 0.08 of a cent to end at 2.29 US cents in an exchange of 52,718 stock units, Sygnus Credit Investments gained 0.03 of a cent to close at 15 US cents after exchanging 51,507 shares and Transjamaican Highway closed at 0.95 US cents with the swapping of 107,644 units.
In the preference segment, Equityline Mortgage Investments traded just one stock at US$2 and JMMB Group 6% exchange just four shares at US$1.10.

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

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Equityline Mortgage Investments, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, JSE US dollar market, Margaritaville, Proven Investments, Sterling Investments, Sygnus Credit Investments, Trading Activity, Transjamaican Highway

Rising T&T stocks clobber others

May 25, 2021 by IC Insider.com

Massy Holdings jumped $7.75 to a 52 weeks’ high of $74.75, as market activity ended on Tuesday after 71 percent fewer shares valued 56 percent less than on Monday traded, resulting in rising stocks dominating declining ones at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 16 traded compared to 15 on Monday, with nine stocks rising, one declining and six closing unchanged. The Composite Index climbed 9.11 points to 1,367.59, the All T&T Index rose 8.76 points to end at 1,847.63 and the Cross-Listed Index gained 1.33 points to settle at 119.67.
A total of, 560,040 shares were exchanged for $9,978,704, down sharply from 1,938,335 units at $22,585,268 on Monday.
An average of 35,003 units were traded at $623,669 down from 129,222 at $1,505,685 on Monday. The average trade month to date amounts to 25,666 units at $396,966 versus 25,061 units at $382,281. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, Angostura Holdings traded 1,450 shares at $15, Ansa McAL remained at $56.73 in exchanging 906 units, Clico Investment Fund gained 20 cents to close at $25.50 after transferring 98,554 stocks. First Citizens Bank advanced $1.70 to $48.50 with 35,283 shares crossing the market. Grace Kennedy rose 40 cents to end at a 52 weeks’ high of $5.25 in trading 94,028 units, Guardian Holdings picked up 15 cents to close at $32.50 trading 27,000 stocks, JMMB Group remained at $1.81 in switching ownership of 60 shares. Massy Holdings jumped $7.75 to end at a 52 weeks’ high of $74.75 after 2,250 units crossed the exchange, National Flour Mills closed at $2.30 in trading 84,166 shares, NCB Financial Group traded 100,000 stocks at $8.50. Point Lisas gained 5 cents to settle at $3 in exchanging 1,248 stocks, Prestige Holdings lost 1 cent to end at $6.99 trading 222 units, Republic Financial Holdings closed at $135 in transferring 416 shares. Scotiabank advanced $1.10 to $56 after exchanging 31,802 units, Trinidad & Tobago NGL rose 46 cents to $16.95 in trading 81,953 shares and Unilever Caribbean added 1 cent in closing at $16.33 with the swapping of 702 shares.