Dolla Financial a former ICInsidertop10 stock fresh from the recent IPO, was listed on Wednesday and was the highlight of the Jamaica Stock Exchange, with the stock jumping 132 percent pushed by extremely high demand, with just modest selling, with indications the price may need to be in the $3 to $4 range to evoke greater balance between buyers and sellers.
Investors with a longer term investment target of over two years or more may find the potential growth prospects exciting and pay off well at the above prices.
The week ended with two new listings in the TOP10, but half of the Junior Market stocks recorded gained and 4 in the Main Market.
Junior Market stocks with worthwhile gains this past week are Dolphin Cove, with the price rising 14 percent to $17.61, Stationery and Office Supplies up 13 percent to $12.45, AMG Packaging up 10 percent to $3.94 and Caribbean Cream 5 percent to $4.98. Medical Disposables dropped 16 percent to $6.26.
In the TOP10 Main Market, Caribbean Cement lost 8 percent to $64.50 and Guardian Holdings fell 5 percent to $510.
Dolphin Cove and Stationery and Office Supplies dropped out of the Junior Market TOP10 and were replaced by CAC 2000, got an earnings upgrade to $1.32 after the company reported a profit of $47 million or 36 cents per share for the April quarter with the company reporting solid second quarter profit of $14 million for the six months to April from $8.7 in 2021 and Lasco Distributors.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 14.1, while the Junior Market PE for the Top 10 is 5.8 versus the market at 13.2. The Junior Market TOP10 is projected to gain an average of 249 percent to May 2023 and the Main Market 243 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios 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.
A total of 18 securities traded down from 16 on Wednesday, with six rising, five declining and seven remaining unchanged. The Composite Index rallied 2.22 points to 1,392.09, the All T&T Index declined 3.24 points to 2,045.65 and the Cross-Listed Index rallied 1.13 points to end at 96.97.
National Enterprises ended at $3.25, with 11,140 stock units changing hands, National Flour Mills fell 4 cents to close at $1.75 with an exchange of 10 shares, NCB Financial Group increased 15 cents in closing at $5.65 while exchanging 202,300 units. Prestige Holdings finished at $6.70 after exchanging 1,000 shares, Republic Financial Holdings remained at $141 after trading 6,889 stocks, Scotiabank rose 1 cent in ending at $78 with an exchange of 4,865 units. Trinidad & Tobago NGL lost 19 cents to end at $20.80, with 8,216 stock units clearing the market, Unilever Caribbean advanced 39 cents to close at $13 after exchanging 5,061 shares and West Indian Tobacco finished at $23.30, with 1,191 units changing hands.
Investors were more aggressive in trading on the Trinidad and Tobago Stock Exchange on Wednesday and sending the volume of stocks exchanged surging 804 percent above Tuesday trades and the value jumping 141 percent, resulting in an exchange of 16 securities against 17 on Tuesday.
FirstCaribbean International Bank fell 18 cents to close at $5, with 10,000 units changing hands. Guardian Holdings slipped 1 cent to $27.30 after 5,000 stock units crossed the market, JMMB Group finished at $2.30, with 100 shares clearing the market, L.J. Williams B share dipped 2 cents to $2.08 after an exchange of 8 stocks. Massy Holdings ended at $5.19 with 3,097,575 shares changing hands, National Enterprises remained at $3.25, with 10,065 stock units crossing the exchange, NCB Financial Group declined 16 cents, ending at a 52 weeks’ low of $5.50 with an exchange of 500 units. Republic Financial Holdings lost 2 cents to end at $141 after 2,530 stocks crossed the market, Scotiabank advanced 2 cents in closing at $77.99 with the swapping of 8,591 units, Trinidad & Tobago NGL dipped 1 cent to $20.99 in exchanging 6,218 shares and Unilever Caribbean shed $1.18 to a 52 weeks’ low of $12.61, with 6,515 stock units changing hands.
A total of 17 securities traded sharply down from 25 on Monday, with three rising, nine declining and five remained unchanged. The Composite Index fell 2.77 points to 1,397.04, the All T&T Index lost 1.58 points to close at 2,049.95 and the Cross-Listed Index declined 0.57 points to 97.76.
FirstCaribbean International Bank finished at $5.18 while exchanging 500 stock units. GraceKennedy popped 5 cents to $5.55 in an exchange of 40 units, Guardian Holdings ended at $27.31 after 8,060 stocks crossed the exchange, JMMB Group dropped 10 cents to $2.30, trading 114,444 shares. Massy Holdings lost 1 cent in closing at $5.19 with an exchange of 21,258 stock units, National Enterprises inched 1 cent higher to $3.25, with 56,249 stocks crossing the market, NCB Financial Group shed 1 cent to end at $5.66 in switching ownership of 3,534 units. Republic Financial Holdings finished at $141.02 after trading 25,868 stock units, Scotiabank dipped 3 cents to $77.97 with an exchange of 1,863 shares, Trinidad & Tobago NGL rallied 18 cents to close at $21 in trading 96,236 stocks. Unilever Caribbean dipped 1 cent to $13.79 with 2,779 units clearing the market and West Indian Tobacco fell 5 cents to close at $23.30, with 2,024 units crossing the market.
JMMB Group popped 10 cents to close at $2.40 while exchanging 827 stock units, L.J. Williams B share climbed 15 cents to $2.10 in trading 50 stocks, Massy Holdings remained at $5.20 in switching ownership of 2,022,895 shares. National Enterprises lost 1 cent in ending at $3.24 in an exchange of 66,896 units, National Flour Mills rallied 4 cents to $1.79 after 1,001 units were traded, One Caribbean Media fell 2 cents to $4.15 trading mere one stock unit. Point Lisas ended at $3.40, with 50 stock units changing hands, Republic Financial Holdings had an exchange of 760 shares at $141.02, Scotiabank increased 7 cents in closing at $78, with 12,557 stocks crossing the exchange. Trinidad & Tobago NGL declined 1 cent to $20.82 after 6,113 stock units passed through the market, Trinidad Cement ended at $3.88 trading 15 shares, Unilever Caribbean fell $1 to a 52 weeks’ low of $13.80 in exchanging 2,661 units and West Indian Tobacco finished at $23.35 with 6,951 stocks clearing the market.
Dolphin Cove is benefitting from a resurgence in the tourism industry that is delivering increased revenues compared to 2021. The increased income and cost reduction contribute to a substantial profit increase that will carry over into the first half of 2023. It will enjoy increased revenues since the tourism recovery was not at full force in the first half of this year.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
National Enterprises rallied 1 cent to close at $3.25 after trading 46,490 shares, National Flour Mills declinedm5 cents to $1.75, with 1,000 stocks changing hands, NCB Financial Group remained at $5.67 after exchanging 100,462 units. Prestige Holdings declined 38 cents in ending at $6.70 after an exchange of 300 units, Republic Financial Holdings dropped 98 cents to $141.02 with an exchange of 769 shares, Scotiabank lost 7 cents in closing at $77.93 in switching ownership of 51 stocks. Trinidad & Tobago NGL popped 1 cent to $20.83 trading 6,108 stock units, Unilever Caribbean shed 16 cents in closing at a 52 weeks’ low of $14.80, with 319 stocks crossing the exchange and West Indian Tobacco fell 5 cents to close at $23.35 in exchanging 1,157 units.
Trading ended with four stocks rising, four declining and seven unchanged. The Composite Index fell 10.24 points to 1,410.15, the All T&T Index shed 19.18 points to close at 2,063.46 and the Cross-Listed Index declined 0.09 points to settle at 99.54.
lost 1 cent to $5.19 in switching ownership of 39,310 units. NCB Financial Group advanced 1 cent to end at $5.67 in trading 19,356 stock units, Point Lisas finished at $3.40, with 588 stocks crossing the market, Republic Financial Holdings gained $1 in ending at $142, with 787 shares changing hands. Trinidad & Tobago NGL dipped 18 cents in closing at $20.82 and exchanging 2,500 units, Unilever Caribbean declined $2.11 to end at $14.96, with an exchange of 2,903 stocks and West Indian Tobacco ended at $23.40 after the swapping of 700 shares.
Twenty one securities traded compared to 23 on Tuesday, with six rising, five declining and 10 remaining unchanged. The Composite Index dropped 2.78 points to 1,420.39, the All T&T Index popped 2.74 points to end at 2,082.64 and the Cross-Listed Index shed 1.22 points to settle at 99.63.
FirstCaribbean International Bank dropped 3 cents to end at $5.22 after exchanging 35,509 stocks, GraceKennedy increased 5 cents to $5.95 with an exchange of 57,076 shares, Guardian Holdings ended unchanged at $27.25 after the trading of 1,309 stock units. JMMB Group shed 7 cents to end at $2.35 while exchanging 123,991 stocks, Massy Holdings declined 3 cents to $5.20, with 73,059 shares crossing the market, National Enterprises ended at $3.24, with 15 units changing hands. National Flour Mills finished at $1.80, with 27,790 stock units crossing the market, NCB Financial Group remained at $5.66 after exchanging 44,794 units, One Caribbean Media finished at $4.17 with the swapping of 55 stocks. Prestige Holdings gained 8 cents to close at $7.08 in switching ownership of 5 shares, Republic Financial Holdings ended at $141 in exchanging 1,602 shares, Scotiabank remained at $78 trading 2,739 stocks. Trinidad & Tobago NGL advanced 80 cents to $21, with 5,601 stock units passing through the exchange, Unilever Caribbean lost $2.68 after ending at $17.07 in trading 6,586 units and West Indian Tobacco remained at $23.40 with the swapping of 2,140 units.
Guardian Holdings dropped 5 cents in closing at $27.25, with 3,382 units crossing the market, JMMB Group shed 2 cents to close at $2.42 while exchanging 5,000 stock units, Massy Holdings fell 1 cent to end at $5.23 after trading 1,259,149 stocks. National Enterprises remained at $3.24 in switching ownership of 301 units, National Flour Mills finished at $1.80 in exchanging 40 stocks, NCB Financial Group rallied 6 cents to $5.66 in trading 3,676 stock units. One Caribbean Media ended unchanged at $4.17, with 5,000 shares changing hands, Point Lisas rose 35 cents to $3.40 with the swapping of 10,000 stock units, and Republic Financial Holdings remained at $141 in trading 343 shares. Scotiabank ended at $78 in switching ownership of 6,040 stocks, Trinidad & Tobago NGL declined 80 cents to close at $20.20 in exchanging 11,048 units, Trinidad Cement increased 28 cents in ending at $3.88 trading eight stocks. Unilever Caribbean shed 10 cents in closing at $19.75 while exchanging 16,959 stock units and West Indian Tobacco declined 10 cents to close at $23.40 after 740 units changed hands.