Jamaican Teas — Page 91

Modest gains for Junior Market – Monday

November 23, 2020 by IC Insider.com

Rising stocks edged out declining ones in trading on the Junior Market of the Jamaica Stock Exchange on Monday, leading the market close with a moderate gain in the index, with 24 percent more shares exchanged than on Friday.
Trading ended with 37 companies changing hands compared to 31 on Friday and concluded with the prices of 17 stocks rising, prices of 16 falling and four with prices ending unchanged.
The Junior Market Index gained 4.51 points to settle at 2,541.80. The average PE Ratio ends at 12.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 5,999,938 shares for $21,980,840 compared to 4,844,204 units at $20,370,620 on Friday.
Jamaican Teas led trading with 32 percent of total volume for 1.92 million shares, with continued increased interest in the stock, ahead of a three to one stock split that takes effect on Friday. Derrimon Trading ended with 19.2 percent of total volume, trading 1.15 million units and Mailpac Group ended with 8.9 percent exchanging of 531,308 units.
Trading averaged 162,160 units at $594,077 in contrast to 156,265 at $657,117 on Friday. For the month to date, the average trade resulted in an exchange of 197,311 units at $571,684, compared to 199,954 units at $570,000 on Friday. October ended averaged 230,868 units at $535,509.
The Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial dropped 30 cents to $21.70 in an exchange of 354 shares, AMG Packaging advanced 6 cents to $1.55 trading 2,897 stocks, Blue Power gained 9 cents to settle at $3.59 with 204 units changing hands. Caribbean Assurance Brokers fell 19 cents and traded 3,629 shares to close at $1.66, Caribbean Cream lost 15 cents to finish at $3.94 with 38,661 stocks passing through the market, Caribbean Flavours declined by 13 cents to $1.57 with the transfer of 62,849 units. Caribbean Producers added 1 cent and ended at $2.35 with an exchange of 210,351 shares, Consolidated Bakeries shed 36 cents to settle at $1.02, switching ownership of 4,600 stocks, Dolphin Cove climbed 35 cents to finish at $6.90 with 2,800 units changing hands. Elite Diagnostic advanced 20 cents and traded 35,279 shares to end at $3.30, Everything Fresh increased by 5 cents to settle at 78 cents with 6,209 stocks passing through the market, Express Catering gained 19 cents to close at $3.74 with a transfer of 66,419 units. Fontana dropped 25 cents in an exchange of 155,964 shares to finish at $5, Fosrich jumped 50 cents to end at $4.49 with investors switching 200,348 stocks, General Accident fell 25 cents to $6.20, with 39,893 shares changing hands. GWest Corporation gained 7 cents, trading 291,760 units to close at 77 cents, iCreate gained 2 cents to finish at 62 cents with 30,000 stocks passing through the market, ISP Finance shed $5 to end at $16 with a transfer of 2,050 shares. Jamaican Teas traded 1,920,968 units and climbed 15 cents to $6.85, Jetcon Corporation increased by 9 cents to close at 84 cents with an exchange of 1,200 stocks, Knutsford Express dropped 29 cents to $5.71 with 5,815 shares changing hands. Lasco Distributors slipped 1 cent to $3.14 with 67,815 units traded, Lasco Financial lost 6 cents to end at $2.60 with 8,200 stock units passing through the market, Lasco Manufacturing declined 3 cents to $3.76 with investors switching ownership of 15,273 shares. Limners and Bards fell 14 cents to $2.45 with an exchange of 265,595 units, Lumber Depot gained 9 cents to finish at $1.29 with 500,326 stock units changing hands, Mailpac Group traded 531,308 shares and rose 2 cents to end at $2.17. Main Event advanced 41 cents to $3.40 with 3,800 units changing owners, Medical Disposables declined 10 cents to $4.20 with a transfer of 10,664 stock units, SSL Venture gained 5 cents to finish at 58 cents with an exchange of 900 shares. Stationery and Office Supplies increased by 5 cents to $4.55 with 4,244 stock units changing hands, Tropical Battery lost 4 cents to settle at $1.16 with investors switching ownership of 218,622 stocks and tTech dropped 5 cents to close at $4.95 with 550 shares changing hands.

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, 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, ISP Finance, 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, tTech

Price movements bring change to IC TOP 10

November 22, 2020 by IC Insider.com

Stocks rose to their highest level since mid-April on the Jamaican Stock Exchange Main Market in the past week, during the past week the Junior Market traded at the highest level in seven weeks, with moves in both markets confirming the bullish signal technical indicators been flashing for weeks.
The movement in the markets resulted in shifts in the IC TOP 10. In the Junior Market Top 10, Access Financial dropped out after a week with the price moving from $20.02 to $22 while AMG Packaging moving in to sit in ninth position. Jamaican Teas shareholders approved a three for one stock split leading the stock up to $6.70 from $5.50. Eppley lost its Main Market TOP 10 position with the price moving up from $18.97 to $20.02 and is replaced by Jamaica Producers.
The top three stocks in the Junior Market with the potential to gain between 233 to 456 percent by March 2021are Caribbean Producers, followed by Elite Diagnostic and Limber Depot. With expected gains of 150 to 280 percent, the top three Main Market stocks are Berger Paints, followed by Radio Jamaica and Grace Kennedy in the third position.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.3 and the Junior Market 13.7, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 7.2 at just 53 percent to the average of the Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.7 or 57 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 202 percent and 140 percent for the JSE Main Market, based on 2020-21 earnings, indicating greater gains are likely in the Junior Market than the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, AMG Packaging, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, Radio Jamaica, Scotia Group, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Good news drive interest in Jamaican Teas

November 22, 2020 by IC Insider.com

Shareholders of Jamaican Teas approved a three for one stock split effective November 30 at a meeting held by the Company on Tuesday. The record date for the split is Monday, November 30, but the stocks go ex split on Friday, November 27 and will commence trading at the post-split price on that day.

John Mahfood CEO and Director of Jamaican Teas addressing the EGM.

In an update to shareholders at the meeting on recent developments within the Group and the outturn for the year to September, they were advised of the continued growth the Group experienced since listing in 2010 with equity moving from $392 million to $1.8 billion at the end of September, this year. Management advised that helped by good results for 2020, the Group moved from a billion-dollar entity to a $2 billion one measured by sales that closed the past fiscal year at $2.2 billion.
Management considers one of the highlights of the recently concluded quarter to be the strong 65 percent gain in export sales over the prior year as well as exports accounting for 65 percent of total manufacturing sales in the quarter. The level of exports meets one of the objectives set at the time the Company went public in 2010.
Early indications and feedback from our overseas customers point to a continuation of the positive trend in exports for the 2021 financial year, the meeting was told.
While exports were dominant, domestic sales did relatively well, with local manufacturing sales increasing 17 percent over 2019. Overall, sales climbed 44 percent to $407 million in the fourth quarter, shareholders were informed. The Real estate division contributed $240 million in sales and is set to contribute around $160 million in the December quarter.
The Group had a disappointing year in the investment division, as it incurred a loss with the fall in the value of local investments but saw some improvement in the second half of the fiscal year, with profit in both quarters. Management expressed the view that there should be an improvement in its fortunes in the new year.
Net profit attributable to Jamaican Teas for the quarter was $131 million, a decline of 27 percent from the $180 million profit in the corresponding quarter of the previous year. For the full year, net profit attributable to Jamaican Teas was $210 million, a decline of 47 percent from the $400 million generated in the previous year.
After the year-end, Jamaican Teas had increased sales of 47 percent in October 2020 over 2019, with export up a robust 85 percent and a much less robust 10 percent for domestic sales. Orders in hand for November suggest a continuation of the positive trend seen in October.

Jamaican Teas’ shareholder – Mr. Lanzel Bloomfield addressing the EGM

The Group will be booking more real estate sales in the December quarter. With the above developments, management expects a good first quarter for the financial year ending September 2021. The Group plans to commence a major expansion of the factory to meet the increasing demand for its manufacturing products.
Since the company advised the JSE on September 29 that the board would meet to set a date for the three-for-one stock split, the price rose by 56 percent to $6.70. The stock traded at $4.30 on the day of the announcement. The release was posted after trading closed. The next trading day, the price jumped to $4.83 with 161,040 shares trading. On the first day of October, the price moved to $5.02 with 1,099,894 shares trading. The stock traded at $5.50 on Monday last week. On Tuesday, it traded at $5.99 and moved $6.30 on Wednesday and $6.70 on Thursday and Friday.

Filed Under: Company News, Company Results Tagged With: Emerging markets, exports, Jamaica Stock Exchange, Jamaican Stock, Jamaican Teas, junior market, Stock splits

Modest gains eked out by Junior Market

November 20, 2020 by IC Insider.com

Add your HTML code here...

Junior Market stocks rose to 2,580.21 within an hour of trading opening at the Jamaica Stock Exchange on Friday, but the market retreated and closed with a modest gain after more stocks declined than rose as investors traded 44 percent more shares than on Thursday.
The Market Index gained 4.03 points to settle at 2,537.29 and the market closed with an average PE Ratio of 12.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with 31 securities changing hands compared to 32 on Thursday, ending with the prices of nine stocks rising, 13 declining and nine remaining unchanged.
Trading ended with an exchange of 4,844,204 shares for $20,370,620 versus 3,353,944 units at $7,247,408 on Thursday.
Jamaican Teas led trading with 56 percent of total volume in an exchange of 2.72 million shares, followed by Jetcon Corporation with 14.6 percent with a transfer of 706,934 units and AMG Packaging with 13.9 percent for 671,366 shares.
Trading ended with an average of 156,265 units at $657,117 in contrast to 104,811 at $226,481 on Thursday. For the month to date, the average trade resulted in an exchange of 199,954 units at $570,000, compared to 202,892 units at $564,142 on Thursday. October averaged 230,868 units at $535,509.
The Investor’s Choice bid-offer indicator reading shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the market close, AMG Packaging traded 671,366 shares and fell 5 cents to end at $1.49, Blue Power advanced 20 cents to finish at $3.50 with 395 stock units changing hands, CAC 2000 climbed 20 cents to settle at $9.20 with 525 stocks traded. Cargo Handlers jumped $1.26 to close at $7.60 with a solitary unit passing through the market, Caribbean Cream rose 2 cents to end at $4.09 with investor switching ownership of 87 shares, Caribbean Flavours dropped 11 cents to finish at $1.70 with an exchange of 51,052 stocks. Derrimon Trading declined 10 cents to $2.40 with 60,830 units changing hands, Dolphin Cove jumped 55 cents to $6.55 with 1,800 shares traded, Express Catering fell 21 cents to $3.55 with 11,096 stock units passing through the market. Fontana lost 5 cents to finish at $5.25 with a transfer of 62,257 units, General Accident slipped 3 cents to $6.45 with 1,000 shares changing hands, Indies Pharma shed 24 cents to close at $2.51 with switching the ownership of 142,000 stocks. Jamaican Teas exchanged 2,715,159 units and advanced 55 cents to end at $6.70, Jetcon Corporation gained 5 cents trading 706,934 shares to finish at 75 cents, Knutsford Express slid 3 cents to $6 with 2,188 units passing through the market. Lasco Financial rose 1 cent to close at $2.66 with a transfer of 500 stock units, Lumber Depot declined by 5 cents to $1.20 with an exchange of 17,571 shares, Mailpac Group lost 2 cents to finish at $2.15 with 70,344 stock units changing hands. Main Event dropped 50 cents to $2.99 with 4,893 shares traded, Medical Disposables fell 10 cents to close at $4.30 with 12,009 shares passing through the market, Stationery and Office Supplies advanced 20 cents to end at $4.50, with the ownership of 1,000 shares switching and tTech shed 65 cents to finish at $5 with 69,629 units crossing the exchange.

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: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, 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, Stationery and Office, Trading Activity, tTech

Junior Market slips on Thursday

November 19, 2020 by IC Insider.com

Rising stocks price were equal to declining stocks at the close of trading on the Junior Market of the Jamaica Stock Exchange, with the market slipping for a second consecutive day and resulted in the Market Index falling 8.55 points to settle at 2,533.26.
Trading ended with 32 securities changing hands compared to 34 on Wednesday and concluded with the prices of 11 stocks rising, 11 declining and 10 remaining unchanged. At the close, the average PE Ratio ended at 12.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with 17 percent more shares trading than on Wednesday after 3,353,944 shares changed hands for $7,247,408, 21 percent higher than the $5,973,152 allowing for the trading of 2,855,958 units on Wednesday. Jetcon Corporation led trading with 38.9 percent of total volume with 1.31 million shares, followed by Tropical Battery with 17.5 percent of the day’s trade with a transfer of 588,526 units and Mailpac Group with 13.3 percent market share or 446,042 units.
Trading ended with an average of 104,811 units at $226,481 in contrast to 83,999 at $175,677 on Wednesday. For the month to date, the average trade resulted in an exchange of 202,892 units at $564,142, compared to 210,208 units at $589,328 on Wednesday. October averaged 230,868 units at $535,509 for each traded security.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial gained 10 cents to end at $22 with an exchange of 2,998 shares, AMG Packaging lost 6 cents to finish at $1.54 with the trading of 21,524 units, Blue Power fell 16 cents to $3.30 and swpped 504 shares. Caribbean Assurance Brokers rose 4 cents to close at $1.85 with investors switching ownership of 1,000 stocks, Caribbean Flavours gained 10 cents to end at $1.81 with 59,500 units changing hands, Caribbean Producers slipped 2 cents and exchanged 4,500 shares to finish at $2.34. Elite Diagnostic declined 1 cent to $3.10 with 15,000 stocks passing through the market, Everything Fresh increased by 3 cents to 73 cents trading 22,181 shares, Express Catering rose 2 cents to $3.76 with a transfer of 450 units. Fontana advanced 10 cents to finish at $5.30 with 65,496 stocks changing hands, Fosrich gained 6 cents to settle at $3.99 with an exchange of 17,225 units, Indies Pharma climbed 15 cents to close at $2.75 with 7,016 shares passing through the market. Jamaican Teas lost 20 cents to end at $6.15 with 275,731 units traded, Knutsford Express shed 67 cents to finish at $6.03 with investors switching ownership of 17,304 stocks, Lasco Distributors fell 14 cents to $3.15 with 5,000 units changing hands. Lasco Manufacturing lost 2 cents and traded 47,576 shares to close at $3.79, Limners and Bards advanced 11 cents to $2.59 with a transfer of 17,900 stocks, Lumber Depot gained 8 cents to finish at $1.25 with 4,477 shares changing hands. Mailpac Group exchanged 446,042 units and slipped 1 cent to settle at $2.17, Main Event jumped 50 cents to close at $3.49 with a mere 331 shares passing through the market and Medical Disposables lost 10 cents to end at $4.40 with 1,316 stocks crossing the exchange.
In the preference segment, CAC 2000 9.5% fell 15 cents to settle at 99 cents with 24,902 units changing hands.

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, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Trading Activity

Slippage for Junior market

November 18, 2020 by IC Insider.com

Falling stock prices beat out rising ones at the close of the Junior Market of the Jamaica Stock Exchange closed on Wednesday with the market index declining 19.66 to 2,541.81 after 37 percent fewer shares were exchanged, with 52 percent lower value compared to Tuesday.
Trading ended with 34 securities changing hands compared to 30 on Tuesday and closed with the prices of 12 stocks rising, 16 declining and six remaining unchanged.
The Junior Market closed with an average PE Ratio of 12.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,855,958 shares for $5,973,002 compared to 4,533,956 units at $12,319,152 on Tuesday. Mailpac Group led trading with 16.3 percent of total volume after trading 466,426, followed by Jetcon Corporation with 16 percent for 457,555 units and Caribbean Flavours with 14.5 percent market share for 413,643 units.
Trading ended with an average of 83,999 units at $175,677 in contrast to 151,132 at $410,638 on Tuesday. For the month to date, the average trade resulted in an exchange of 210,207 units at $589,328, compared to 221,072 units at $624,934 on Tuesday. October closed, with an average of 230,868 units at $535,509.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose $1.88 to close at $21.90, with just 22 shares changing hands, Cargo Handlers gained 4 cents to settle at $6.34, after an exchange of 45,000 stocks, Caribbean Cream lost 6 cents to end at $4.07, switching ownership of 350 units. Caribbean Flavours closed at $1.71, after losing 11 with the trading of 413,643 shares, Caribbean Producers picked up 2 cents in closing at $2.36, in exchanging 2,785 stock units, Consolidated Bakeries lost 8 cents in ending at $1.38 and trading 1,082 units. Derrimon Trading lost 20 cents to close at $2.50, with an exchange of 1,903 stock units, Elite Diagnostic gained 1 cent to end at $3.11 after a transfer of 20,500 stocks, Everything Fresh lost 1 cent to settle at 70 cents, in trading 33,136 shares. Fontana closed 19 cents lower at $5.20, after 47,359 stock units crossed the exchange, Fosrich rose 23 cents to $3.93, in a transfer of 33,540 shares, Honey Bun gained 5 cents in closing at $4.85, after trading 51,403 stock units. Indies Pharma lost 22 cents to settle at $2.60, with 76,509 shares changing hands, Iron Rock Insurance shed 21 cents to end at $3, in exchanging 20,492 units. Jamaican Teas rose 35 cents $6.35, in switching ownership of 123,595 shares. Jetcon Corporation fell 15 cents to end at 70 cents, with 457,555 shares crossing the exchange, Knutsford Express carved out a loss of 10 cents in closing at $6.70 after 50,003 shares changed hands, Lasco Financial gained 1 cent to end at $2.65 trading 1,575 units. Lasco Manufacturing declined 18 cents to $3.81 and finishing with a transfer of 10,000 stock units, Limners and Bards picked up 2 cents to close at $2.48, with an exchange of 190,264 shares. Lumber Depot gained 2 cents to end at $1.17, in trading 196,219 stock units. Mailpac Group lost 2 cents to close at $2.18, clearing the market with 466,426 units, Medical Disposables shed 17 cents to settle at $4.50, with 246 stocks changing hands, Paramount Trading lost 14 cents to close at $1.35, after an exchange of 49,855 shares. SSL Venture settled at 53 cents, with a loss of 2 cents trading 21,532 stock units, Tropical Battery lost 1 cent to end at $1.20, in crossing the exchange with 341,083 shares and tTech carved out a gain of 20 cents to settle at $5.65, after trading 4,234 units.
In the preference share segment of the market, CAC 2000 9.5% gained 18 cents to end at $1.14, with investors swapping 4,369 units.

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, CAC2000, Cargo Handlers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, 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, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Six weeks high for Junior Market

November 17, 2020 by IC Insider.com

Junior Market stocks hit their highest point since the second day of October and August 26^th when the market index gained 21.49 points to close on Tuesday at 2,561.47, just slightly lower than the 2,564.59 points closing high in July and 2,567.42 at the October high.
Trading concluded on Tuesday with the market rising after more stocks rose than fell as investors exchanged nine percent more shares than on Monday. The market closed with 30 securities changing hands down from 35 on Monday and ended with the prices of 14 stocks rising, eight declining and eight closed unchanged. The average PE Ratio ended at 12.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 4,533,956 shares for $12,319,152 compared to 4,145,851 units at $14,021,504 on Monday. Mailpac Group led trading with 28 percent of total volume with 1.27 million shares, followed by Lumber Depot with 21.1 percent for 956,492 units and Lasco Distributors with 14.1 percent or 641,535 shares.
The average trade ended with at 151,132 units at $410,638 in contrast to 118,453 at $400,614 on Monday. For the month to date, the average trade ended with 221,072 units at $624,934, versus 226,820 units at $642,547 on Monday. October ended with an average of 230,868 units at $535,509 trading.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging gained 6 cents to end at $1.60 with 100 shares traded, Cargo Handlers dropped $1.30 to settle at $6.30 with an exchange of 11,410 stock units, Caribbean Assurance Brokers slipped 1 cent to $1.81 with 124 shares changing hands. Caribbean Flavours increased by 5 cents to close at $1.82 with 55,554 securities changing hands, Caribbean Producers dipped 1 cent to $2.34 with 23,271 stock units passing through the market, Consolidated Bakeries climbed 11 cents to end at $1.46 in an exchange of 5 shares. Derrimon Trading advanced 20 cents to $2.70 with 15 stock units changing hands, Dolphin Cove shed $1 to close at $6 with a transfer of 250 shares, Express Catering jumped 23 cents trading 100 units to finish at $3.74. Fontana gained 13 cents to end at $5.39 with an exchange of 136,602 shares, General Accident climbed 28 cents to $6.48 while exchanging 2,267 stock units, Honey Bun slipped 1 cent to $4.80 with 251,267 units changing hands. iCreate lost 5 cents to close at 60 cents with investors switching ownership of 5,000 shares, Jamaican Teas jumped 50 cents to finish at $6 with 443,012 units passing through the market, ahead of the company shareholders approving a three for one stock split to take effect on November 30. Knutsford Express advanced 20 cents to $6.80 with an exchange of 100,825 shares, Lasco Distributors traded 641,535 stocks and gained 20 cents to finish at $3.29, Lasco Financial added 4 cents to close at $2.64 with 129,948 units changing hands. Lasco Manufacturing fell 6 cents to $3.99 with a transfer of 8,098 shares. Limners and Bards increased by 1 cent to $2.46 with 17,675 stock units changing hands, Lumber Depot lost 5 cents and exchanged 956,492 stocks to settle at $1.15, Mailpac Group traded 1,267,356 shares and rose 1 cent to close at $2.20 and Medical Disposables advanced 40 cents to finish at $4.67 with 2,000 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 Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity

Junior Market inches higher

November 16, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange closed on Monday with the market rising after more stocks rose than declined with 67 percent fewer shares trading than on Friday.
Trading ended with 35 securities changing hands compared to 32 on Friday and closed with 14 stocks rising, 10 declining and 11 remaining unchanged.
At the close, the Junior Market Index rose 7.63 points to settle at 2,539.98. The average PE Ratio ends at 12.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 4,145,851 shares for 14,021,504 compared to 12,631,994 units at $33,900,773 on Friday. Lasco Manufacturing led trading with 37.8 percent of total volume and accounting for 1.57 million shares, followed by Fontana with 14.1 percent for 586,470 units and Mailpac Group with 10.9 percent for 452,407 shares.
Trading ended with an average of 118,453 units at $400,614, in contrast to 394,750 at $1,059,399 on Friday. For the month to date, the average trade resulted in an exchange of 226,798 units at $642,434, compared to 238,314 units at $668,207 on Friday. October ended with an average of 230,868 units at $535,509 trading.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Access Financial gained 91 cents in closing at $20.02, with an exchange of 1,910 shares, AMG Packaging lost 9 cents in ending at $1.54, with 152 units clearing the market, CAC 2000 gained 50 cents to settle at $9, with investors swapping 1,000 units. Cargo Handlers advanced $1.25 to $7.60 in crossing the exchange with seven units, Caribbean Assurance Brokers lost 3 cents to close at $1.82 trading 18 stock units, Caribbean Cream rose 6 cents to $4.13 with the swapping of 500 shares. Caribbean Flavours rose 2 cents to $1.77, with 236,001 stocks changing hands, Caribbean Producers picked up 1 cent to end at $2.35, in trading 1,474 units, Derrimon Trading lost 20 cents exchanging 6,205 stock units at $2.50. Express Catering declined 23 cents to $3.51 while trading 6,570 units, Fontana gained 46 cents to finish at $5.26, after an exchange of 578,470 shares, General Accident lost 25 cents with 118,066 shares passing through the market to end at $6.20. GWest Corporation shed 19 cents to end at 70 cents, with 78,077 stock units changing hands, Honey Bun gained 1 cent to close at $4.81, in trading 18,840 shares, iCreate dipped 5 cents to 65 cents, with an exchange of 13,213 stock units. Lasco Distributors closed at $3.09, after gaining 8 cents in crossing the market with 57,600 shares, Lasco Financial lost 12 cents to end at $2.60 trading 5,000 units, Lasco Manufacturing added 8 cents to end at $4.05, with 1,565,343 shares passing through the market. Limners and Bards gained 3 cents to end at $2.45, trading 13,936 units, Mailpac Group lost 5 cents to close at $2.19, trading 452,407 shares, Medical Disposables rose 26 cents to $4.27, with 3,200 units changing hands. Paramount Trading gained 1 cent to end at $1.49, after trading 17,089 stock units, Stationery and Office Supplies lost 25 cents to settle at $4.30, in exchanging 29,000 stock units and Tropical Battery picked up 1 cent to end at $1.21, with 288,661 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 Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Shake up of IC TOP 10

November 16, 2020 by IC Insider.com

A raft of company results was unleased on the Jamaican Stock Exchange, resulting in changes to the IC TOP 10. Some companies have not yet recovered sufficiently from the fall out following the COVID-19 outbreak earlier this year.

Fontana Waterloo Square Branch just after it was opened in October 2019.

Entering the Junior Markets Top10 are Access Financial and Fontana. Moving out are General Accident and Stationery and Office Supplies, both of which reported lower than expected profits for the September quarter and year to date. NCB Financial dropped out of the Main Market TOP 10 with full-year earnings coming in at $8.01 as the group stepped up the provisioning of expected credit losses. Eppley moved into the spot left vacant by NCB.
The Main Market closed the past week with notable gains in the market index while the Junior Market slipped modestly at the end of the week. Signals in the market continue to point to higher prices ahead. The Junior Market is currently signaling a big surge starting in December as short-term moving averages cross over longer-term ones to confirm a strong rally ahead. The move in the Main Market continues the move gradually higher ahead of the year-end and is in keeping with bullish signs that points to more gains ahead.
This week’s focus: Fontana had a 21 percent increase in revenues for the quarter ending September to $1.11 billion, over $921 million in the 2019 corresponding quarter. Gross profit also increased 25 percent to $395 million above $316 million generated in the September 2019 quarter. Administrative selling and other expenses grew modestly by 4.5 percent from $296 million to $310 million, even as the company benefited from economies of scale with the Waterloo Square location. Net profits increased to $45 million, a 146 percent improvement from the $18 million recorded in the prior year, with foreign exchange losses adding $27 million to finance cost in the 2020 quarter. The company is on target to earn 50 cents per share for the current financial year ending June 2021.
The top three stocks in Junior Market remain as they were this past week, with the potential to gain between 233 to 465 percent by March 2021. Caribbean Producers heads the list, followed by Elite Diagnostic and Limber Depot. The focus on all three is on the 2021 fiscal year profit, projected to recover from reduced profit for the 2020 financial year. With expected gains of 168 to 238 percent, the top three Main Market stocks are now, Berger Paints followed by JMMB Group and Radio Jamaica in the third position.
The local stock market’s targeted average PE ratio is 20 based on the profits of companies reporting full year’s results from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.8 and the Junior Market 13.2, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 7.1 at just 54 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.7 or 55 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 210 percent and 136 percent for the JSE Main Market, based on 2020-21 earnings, indicating greater gains are likely in the Junior Market than the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Fontana, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Gains carved out for junior market

November 13, 2020 by IC Insider.com

The overall market value was slightly lower at the close of trading on the Junior Market of the Jamaica Stock Exchange on Friday than the previous week’s closing. The market inched higher after more stocks rose than declined with 15 percent fewer shares with a 224 percent higher value trading than Thursday.
Trading ended with an exchange of 32 securities compared to 30 on Thursday, with prices of 14 rising, 12 declining and six closing unchanged.
At the close, the Junior Market Index gained 13.48 points to close at 2,532.35. The average PE Ratio ended at 12.2 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 12,631,994 shares for $33,900,773 compared to 3,786,740 units at $10,471,683 on Thursday. Derrimon Trading led trading with 75.5 percent of the total volume of 9.54 million shares, followed by Mailpac Group with 13.3 percent for 1.68 million shares and Elite Diagnostic with 3.2 percent or 400,000 shares.
Trading ended with an average of 394,750 units at $1,059,399 in contrast to 126,225 at $349,056 on Thursday. For the month to date, the average trade resulted in an exchange of 238,314 units at $668,207 compared to 221,515 units at $626,199 on Thursday. October closed with an average of 230,868 units at $535,509.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging rose 3 cents to end at $1.63 with 19,547 shares trading, Blue Power advanced 16 cents to $3.46 with 40 stocks changing hands, Caribbean Assurance Brokers gained 9 cents to settle at $1.85 with a mere two stock units trading. Caribbean Cream rose 11 cents to $4.07 with an exchange of 27,304 stocks, Caribbean Flavours ended 5 cents higher at $1.75 with 32,929 stock units changing hands, Caribbean Producers increased by 3 cents to finish at $2.34 with 31,576 units trading. Consolidated Bakeries lost 4 cents to settle at $1.35 with 20,000 shares changing hands, Derrimon Trading climbed 23 cents to close at $2.70 with 9,538,037 shares passing through the market, Elite Diagnostic exchanged 400,000 shares and gained 5 cents to end at $3.10. Everything Fresh declined 7 cents, trading 6,000 shares to finish at 71 cents, Express Catering slipped 1 cent to $3.74 with a transfer of 17,003 units, Fontana dropped 17 cents to close at $4.80 with 17,727 units changing hands. Fosrich rose 2 cents to close at $3.70 with 67,870 stock units passing through the market, General Accident fell 5 cents to end at $6.45 in exchanging 42,379 stocks, Honey Bun lost 5 cents to finish at $4.80 with investors swapping 88,589 shares. Jamaican Teas shed 40 cents to settle at $5.50 with 128,722 stocks traded, Knutsford Express dipped 10 cents to $6.60 with 1,699 units changing hands, Lasco Financial rose 2 cents to end at $2.72 with 93,502 units passing through the market. Lasco Manufacturing climbed 12 cents to $3.97 with a transfer of 250 shares, Limners and Bards gained 2 cents to end at $2.42 with 57,677 stocks changing hands, Lumber Depot slipped 6 cents in an exchange of 177,201 units at $1.20. Mailpac Group traded 1,681,152 units and rose 4 cents to $2.24, Medical Disposables dropped 29 cents to settle at $4.01 with 123 shares passing through the market, Paramount Trading carved out a lost 2 cents to close at $1.48 with investors switching 10,900 stock units and tTech shed 30 cents to end at $5.45 with 7,315 stock units crossing the exchange.
In the preference segment, Derrimon Trading rose 3 cents to $2.08, with 844 units changing hands.