Medical Disposables back in IC TOP 10

August 6, 2018 by

Medical Disposables back in IC TOP 10

The main market of Jamaica Stock Exchange ended at a record close on Friday and the Junior Market closed at a 9 months’ high as the markets keep moving higher resulting changes to the IC TOP 10.
At the close on Friday, Proven Investments ended at 19 US cents and fell out of the top list and is replaced by Victoria Mutual Investments. Jetcon Corporation and Paramount Trading dropped out of the top flight, to be replaced by Fosrich Group and Medical Disposables. IC insider.com lowered profit forecast for Paramount with the company showing only a small profit of less than a million dollars in the fourth quarter compared to nearly $11 million in 2017 after gross profit rose 29 percent or $28 million. Jetcon squeezed out by price changes, elsewhere Medical Disposables rose to $5.80 but made it back in the list with strong profit out turn for the first quarter to June and an upgrade of earnings for the full year, of 65 cents per share from 60 cents.
The PE ratio for Junior Market Top stocks averages 7.4 compared to an average PE for the overall market of 12, based on 2018 estimated earnings and the main market PE stands at 8 for the top stocks, compared to a market average of 13, a good indicator of the level of undervaluation of these stocks.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 40 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential 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 based on new information received that can result in changes in and out of the list as well.

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Investors shun Junior stocks for the oldsters

August 4, 2018 by

Black Panther mash up Palace bottom-line with a huge increase in profit that pushed to stock to no 1 for 2018 in the main market.

Investors shunned Junior Market stocks in 2018 for the older more established Main market stocks. At least that is what the data from the exchange is showing.
According to the Jamaica Stock Exchange report of trading to the end of July, volume and value on the main market is up while that on the junior market is well down on 2017 figures, even as the gains in the overall market shows juniors up 14 percent for the year to the end of July and 9 percent for the main market.
Junior Market volume is down year to July by a stunning 69 percent to 571 million units while the value fell 64 percent to $2.69 billion, less than half of the $6.6 billion traded for all of 2017. In contrast main market stocks traded 1.57 billion units, up 28.5 percent over 2017, for a total value of $32 billion, a strong 79.4 percent increase over 2017 and just shy of the $35.7 million traded for all of 2017.
The big winners for the year to July are, Palace with an increase of 154 percent, that was helped by the huge success of the Black Panther film that ran for several months, Pulse Investments up 67 percent, Kingston Wharves 60 percent, Jamaica Broilers 45 percent and Salada Foods 41 percent, as investors responded to improved profit. In the Junior Market, C2W Music and Derrimon Trading beat all others by huge margins, rising 233 percent after it announced a 10 to 1 stock split and 197 percent respectively. Express Catering climbed 86 percent, Stationery and Office Supplies up 65 percent and CAC 2000 up 51 percent.
The big losers in the main market are, Ciboney, having sold off the property it owned and paid out most of the proceeds as a dividend is down 68 percent, 138 Student Living fell 35 percent, Kingston Properties 31 percent, Wisynco Group 24 percent, Portland JSX 20 percent and in the Junior Market, GWEST Corporation down 36 percent, AMG Packaging 33 percent, tTech 23 percent, Knutsford Express 23 percent and Eppley 17 percent.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Record 345,208 points close for AJI – Friday

August 3, 2018 by

Chart showing the All Jamaica Composite Index in upward move from December 2017 and now at the highest closing level ever.

The All Jamaican Composite Index of the Jamaica Stock Exchange closed above 345,000 points for the first time ever but fell short of the record high of 345,208.15 reached in the early morning session on Thursday.
At the close, the All Jamaican Composite Index gained 980.10 points to end at a record close of 345,050.21 and the JSE Index advanced by 892.98 points to a record close at 314,379.69. The move on Friday is the fifth straight record close for the market since the previous week Friday.
Trading in the main market ended with 4,818,830 units valued at $56,754,894, compared to 4,999,824 units valued at $34,788,166 on Thursday.
Market activities resulted in 29 securities trading including 3 in the US dollar market compared to 31 securities trading on Thursday. At the end of trading, the prices of 9 stocks rose, 9 declined and 11 traded unchanged.
The day’s volume was led by, Jamaica Stock Exchange trading 1,993,806 shares for 41.38 percent of the day’s traded volume Mayberry Equities closed trading with 469,705 units or 9.75 percent of shares trading and Radio Jamaica ended trading with 389,089 units and accounting for 8.07 percent of the day’s volume.
Major price changes| Carreras traded 333,862 shares but lost 30 cents to close at $9, Caribbean Cement rose 49 cents and finished at $41.50, with 119,028 shares, Kingston Wharves concluded trading at $52.50, with 8,815 shares after gaining 40 cents. Mayberry Investments jumped $1.25 to a 52 weeks’ high of $8.25 trading 118,800 shares and after pulling back from $8.40 earlier in the day, PanJam Investment concluded trading of 7,340 shares at $52.55, after rising $1.55 and Scotia Group traded 349,178 units and rose 8 0 cents to end at $53.
Trading in the US dollar market closed with 40,481 units valued at US$10,641 as JMMB Group 6 percent preference share completed trading of 3,000 stock units and fell 1 cents to end at $1.04, Productive Business Solution ended trading 1,000 shares to close at 59 US cents and Proven Investments closed at 19 US cents trading 36,481 shares. The JSE USD Equities Index close unchanged at 155.14.
Trading resulted in an average of 185,340 units valued at an average of $2,182,8811 for each security traded, in contrast to 185,179 units valued at an average of $1,288,451 on Thursday. For the month to date an average of 185,258 units traded for an average of $1,727,278. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

More gains for Junior Market – Friday

August 3, 2018 by

The Junior Market Index climbed higher by 19.74 points to close at 3,130.20 on Friday as 23 securities changed hands, compared to 19 on Thursday, with 9 advancing, 8 falling and 6 remaining unchanged.
The market closed with, 771,621 units valued at $2,972,863 changing hands, compared to 3,659,666 units valued at $16,503,092 on Thursday. The market will be closed on Monday, Independence day public Holiday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 5 stocks ending with bids higher than their last selling prices, one with a lower offer.
Trading closed with an average of 57,100 units for an average of $240,564 in contrast to 40,612 units for an average of $156,466 on Thursday. The average volume and value for the month to date amounts to 49,641 units valued at $202,520. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial traded 500 shares and closed with a loss of 50 cents at $46.50, AMG Packaging ended at $2, trading 2,350 stock units, Caribbean Cream ended trading with a loss of 27 cents at $5.50, in exchanging 12,086 shares, Caribbean Producers gained 32 cents to close at $6.22, with 60,659 units trading, Consolidated Bakeries closed 6 cents higher at $2.16, with 20,000 shares. Derrimon Trading jumped $2.37 to $23, in exchanging 500 shares, Dolphin Cove finished trading at $16.50, with 5,047 stock units, Elite Diagnostic settled at $2.90, exchanging 49,649 units, Everything Fresh traded 7,795 shares but lost 2 cents to end at $1.98, Express Catering traded with a loss of 5 cents at $7.95, with 18,000 shares. FosRich Group finished trading with a loss of 45 cents at $2.52, exchanging 52,712 shares, GWest Corporation ended at $2.20, with 1,220 units, Honey Bun concluded trading 8,667 shares with a loss of 14 cents to $4.51, Jamaican Teas jumped 65 cents to $4.50, trading 12,298 stock units. Jetcon Corporation traded with a loss of 8 cents at $4.03, after 13,432 units were exchanged, Lasco Distributors concluded trading 2 cents higher at $4, with 162,200 stock units changing hands, Lasco Financial added 5 cents and closed at $5.25, with 173,650 units, Lasco Manufacturing settled 8 cents higher at $4.10, trading 53,978 shares. Main Event ended trading with a loss of 39 cents at $7.11, with 11,269 shares and Stationery and Office Supplies rose 2 cents to $8.12, with 13,781 units. In the junior market preference segment, Derrimon Trading 9% ended at $2.50, with 422,708 stock units, Eppley 8.25% concluded trading 171,500 units and rose 10 cents to $6.21 and Eppley 8.75% settled at $6, with 39,300 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Ansa & Witco push TTSE up – Friday

August 3, 2018 by

West Indian Tobacco recovers $3.51 it lost on Wednesday.

Ansa McAl jumped $2 to $57 while trading 286 shares and West Indian Tobacco gained 99 cents to end at $88 trading 4,768 units, helping in pushing the market indices higher at the close, in moderate trading on Trinidad & Tobago Stock Exchange, on Friday
Trading closed with 271,085 shares valued at $2,133,526 changing hands, compared to 572,318 shares at a value $2,427,732, on Thursday.
Market activity ended with 10 securities trading against 15 on Thursday, with 2 advancing, 3 declining and 5 remaining unchanged. At the close the Composite Index gained 2.82 points on Friday to 1,234.50, the All T&T Index jumped 8.20 points to 1,718.84 and the Cross Listed Index slipped 0.37 points to close at 100.82.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 3 stocks ending with higher bids than the last selling prices and 6 with lower offers.
Losses| Grace Kennedy concluded trading with a loss of 10 cents at $2.80, with 120,000 stock units changing hands, Sagicor Financial traded with a loss of 10 cents at $7.50, with 78,768 stock units changing hands and Trinidad & Tobago NGL lost 15 cents and completed trading at $29.60, after exchanging 8,544 shares.
Firm Trades| Clico Investments concluded trading at $19.97, with 15,531 stock units changing hands, First Citizens completed trading at $35.01, after exchanging 1,500 shares, Massy Holdings settled at $46.90, after exchanging 436 shares, One Caribbean Media settled at $12.35, after trading 1,252 shares and Trinidad Cement settled at $2.95, after 40,000 shares changed hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , ,

Profit jumps 77% at Lasco Manufacturing

August 3, 2018 by

Profit jumped a strong 77 percent at Lasco Manufacturing, in the June quarter to, $238 million from $134 million in 2017, from sales revenue that rose just 14.8 percent to $1.73 billion, up from $1.5 billion in 2017.
The results follow the 2018 fiscal year, when profit fell from $707 million to $560 million, after rising 73 percent in the December quarter, to $195 million from $113 million in 2016. For the nine months to December, profit fell 24 percent to $533 million from $700 million in 2016.
Profit margin climbed to 35 percent from 31.7 percent in the 2017, as input cost climbed much slower than revenues, with an increase of 9 percent, to $1.1 billion. The effect, operating profit rose an impressive 27 percent to $607 million, from $478 million.
Depreciation cost rose 5 percent to $55 million but administrative, marketing and sales expenses declined by 1 percent to $252 million from $256 million. Finance cost rose to $31 million from $30 million in 2017.
“The positive out turn reflects growth in volumes, improved operational efficiencies and streamlining and cost control”, Managing Director, James Rawle, stated in his report accompanying the quarterly.
Gross cash flow brought in $293 million but growth in receivables, inventories, addition to fixed assets offset by loan inflows and increased payables resulted in a decline in cash of $110 million, leaving cash on hand and bank at $261 million.
At the end of June,shareholders’ equity stands at $5.16 billion with borrowings at just $1.6 billion. Net current assets ended the period $1.7 billion well over payables of $937 million. The company has so far incurred $731 million on work in progress that includes 65,000 feet warehouse expansion, scheduled for completion in September. According to managing director, James Rawle, “the facility will help to simplify logistics and result in important cost savings.”
Earnings per share came out at 6 cents for the quarter and is projected to end the fiscal year ending to March 30 cents. The stock traded at $4 on the Junior Market of the Jamaica Stock Exchange with a PE ratio of 12 times 2019 earnings and is in line with the market average.
The company will pay a dividend of 3.8 cents per share on August 31, resulting a total payment of $155 million.

Filed Under: Company News, Company Results Tagged With: , , , ,

Record close for JSE – Thursday

August 2, 2018 by

The All Jamaican Composite Index of the Jamaica Stock Exchange surged to more than 345,000 points in the early morning session on Thursday but failed to hold on at that level but still managed to end at a new record close.
At the close, the All Jamaican Composite Index held on to just 119.17 points of the early gains to end at a record closing high of 344,070.11 and the JSE Index clung to 108.58 points to end at record closing high of 313,486.71.
Trading in the main market ended with 4,999,824 units valued at over $34,788,166 compared to 34,917,482 units valued at $108,176,982 on Tuesday.
Market activities resulted in 31 securities trading including 4 in the US dollar market compared to 29 securities trading on Tuesday. At the end of trading, the prices of 14 stocks rose, 8 declined and 9 traded unchanged.
The day’s volume was led by, Mayberry Investments trading 1,003,340 shares to close at $7, after it traded at an intraday 52 weeks’ high of $7.60 JMMB Group 7.5% preference share closing at $1, in trading 952,000 shares and Mayberry Equities closed trading at $8.50 with 522,731 shares trading.
Major price changes| Grace Kennedy traded at an intraday 52 weeks’ high of $56.70 but ended trading at a 52 weeks’ closing high of $56.01. Jamaica Producers rose 30 cents to $17, trading 5,988 stock units, Mayberry Equities lost 55 cents trading 522,731 shares to end at $8.60, PanJam Investment concluded trading 51,973 shares at $51, after falling $1.54, Sagicor Group shed 40 cents and settled at $38.10, with 21,574 shares trading, Scotia Group traded 13,284 units and rose $1.10 to end at $52.20 and Sterling jumped $1.50 and finished trading at $13.50, with 2,952 shares changing hands.
Trading in the US dollar market closed with 98,429 units valued at US$87,029 as JMMB Group 6 percent preference share completed trading 80,000 stock units at $1.05, Margaritaville ended trading 10,524 shares to close at 16.9 US cents and Proven Investments rose 1 cent to 19 US cents trading 5,105 shares. The JSE USD Equities Index rose 1.62 points to 155.14.
Trading resulted in an average of 185,179 units valued at an average of $1,288,451 for each security traded. In contrast to 1,342,980 units for an average of $4,160,653 on Tuesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market inched higher – Thursday

August 2, 2018 by

The Junior Market Index inched higher by 8.32 points to 3,110.46 on Thursday as just 19 securities changed hands, compared to 28 on Tuesday, with 10 advancing, 7 falling and 2 remaining unchanged.
The market closed with less trading activity than on Tuesday ending with, 771,621 units valued at $2,972,863 changing hands, compared to 3,659,666 units valued at $16,503,092 on Tuesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading had 6 stocks ending with bids higher than their last selling prices, none with a lower offer.
Trading closed with an average of 40,612 units for an average of $156,466 in contrast to 130,702 units for an average of $589,396 on Tuesday. Trading in July, averaged 154,060 units valued at $655,146 for each security traded.
At the close of trading, Access Financial closed at $47, with 1,558 shares changing hands, AMG Packaging ended 1 cent higher at $2, in exchanging 2,615 stock units, Blue Power concluded trading of just 328 units at $40, CAC 2000 finished with a loss of 89 cents at $9, trading 5,300 shares, Caribbean Producers finished trading with a loss of 10 cents at $5.90, after 37,091 units were exchanged but traded earlier at an intraday high of $6.22, C2W Music ended 1 cent higher at $1.71, with 45,715 shares changing hands, Derrimon Trading dropped of $2.87 to close at $20.63, trading 2,625 shares, Elite Diagnostic settled with a loss of 7 cents at $2.90, with 156,163 units, Everything Fresh traded 184,163 shares and gained 10 cents to end at $2, Express Catering traded 19 cents higher at $8, with 40,299 shares changing hands. FosRich Group finished trading 24,747 shares and rose 25 cents to $2.97, Jamaican Teas declined of 15 cents the close at $3.85, with 19,700 stock units changing hands, Jetcon Corporation traded 11 cents higher at $4.11, trading 84,913 units, Lasco Distributors concluded trading with a loss of 2 cents at $3.98, in exchanging 14,100 stock units. Lasco Financial finished with a loss of 1 cent at $5.20, as 47,330 units changed hands, Lasco Manufacturing gained 1 cent to close at $4.02, with 66,800 shares, Main Event ended trading 5 cents higher at $7.50, with 7,428 shares, Paramount Trading rose 25 cents to $3, exchanging 2,500 stock units and Stationery and Office added 10 cents to close at $8.10, with 28,100 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Trading picks up on TTSE – Thursday

August 2, 2018 by

Trading on Trinidad & Tobago Stock Exchange on Thursday climbed with 572,318 shares at a value $2,427,732 trading, compared to 82,986 units valued $1,124,484 changing hands, on Tuesday.
Market activity ended with 15 securities trading against 16 on Tuesday, with 5 advancing, 2 declining and 8 remaining unchanged. At the close the Composite Index gained 3.11 points on Thursday to 1,231.68, the All T&T Index rose 0.35 points to 1,710.64 and the Cross Listed Index added 0.81 points to close at 101.19.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows market sentiment with 3 stocks ending with higher bids than the last selling prices and 4 with lower offers.
Gains| First Caribbean International Bank finished 25 cents higher and settled at $8.50, trading 3,000 units, First Citizens concluded trading of 2,332 shares and rose 1 cent to $35.01, One Caribbean Media added 25 cents and ended at $12.35, after exchanging 1,323 shares, Republic Financial Holdings rose 1 cent and ended at a 52 weeks’ high of $102.83, after exchanging 79 shares and Trinidad & Tobago NGL rose 1 cent and concluded trading at $29.75, after exchanging 4,672 shares.
Losses| JMMB Group lost 4 cents and ended at $1.80, after exchanging 1,890 shares and Sagicor Financial ended trading 9 cents lower at $7.60, with 25,100 stock units changing hands.
Firm Trades| Angostura Holdings completed trading 1,008 stock units at $15.75, Calypso Macro Index Fund traded 100 shares at $16, Clico Investments completed trading at $19.97, with 20,902 stock units changing hands, NCB Financial Group concluded at $5.65, after exchanging 3,560 shares, Point Lisas completed trading at $3.70, with 4,000 stock units changing hands, Scotiabank settled at $65.02, trading just 15 units, Trinidad Cement ended at $2.95, after exchanging 504,137 shares and Unilever Caribbean completed trading at $29.20, after 200 stock units changed hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , ,

AJI crosses 345,000 mark

August 2, 2018 by

The main market of the Jamaica Stock exchange jumped to a new record high in early morning trading on Thursday with All Jamaican Composite Index crossing the 345,000 points mark for the first time.
Having traded at a number of record intraday highs on Friday and closing at a new end of day record, with more than 3,000 points rally, the All Jamaican Composite Index advanced by 1,257.21 points to a record high of 345,208.15 and the JSE Index gained 1,145.46 points to close at 314,523.59, a new record high as well. The Junior Market was down by 7.16 points to 3,094.98.
On Friday, the All Jamaican Composite Index jumped 3,071.05 points to close at a record of 343,950.94 and the JSE Index climbed 2,798.07 points to close at 313,378.13.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , , ,