junior market — Page 78

OneonOne jumps 132% in 3 trading days

September 5, 2022 by IC Insider.com

Newly listed OneonOne jumps 57 cents on Monday to gain 132 percent since listing last and was one of the major contributors to the Junior Market strong rally of 82.22 n on top of the 72.17 points picked on Friday to close at 4,298.75.
Other than the Junior Market the Jamaican Stock Exchange slipped at the close of trading on Monday with the JSE Combined Index a measure of the overall market, declining by 123.56 points to 374,436.32. The All Jamaican Composite Index dipped 2,145.65 points to 406,450.58, the JSE Main Index declined 930.64 points to 359,108.18 and the JSE USD market Index dipped 0.51 points to 206.50
Trading ended, with 32,345,299 shares changing hands with a value of $147.88 million, up from just $140 million, with 29,436,283 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$31,910 from US$16,693 on Friday.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 12.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

ONEonONE up 32% on debut

September 1, 2022 by IC Insider.com

The Jamaica Stock exchange welcomed its 100 company listing on Thursday, with OneOnOne Educational listed on the Junior Market with the price rising 32 percent on its opening day to close at $1.32 the maximum permitted for the day but the stock closed with strong demand at the closing price and little selling under $2.

Ricardo Allen CEO of One to One

At the close of trading, the JSE Combined Index, a measure of the overall market, rose 1,153.03 points to 374,578.03. The All Jamaican Composite Index popped 561.84 points to 408,944.09, the JSE Main Index rallied 1,464.43 points to 360,759.12, the Junior Market Index slipped 23.69 points to 4,144.36 and the JSE USD Market Index rose 8.22 points to 213.78.
Trading ended with 50,351,650 shares changing hands with a value of $504.95 million, versus $1.1 billion, with 96,932,851 shares traded in the overall market on Wednesday. The JSE USD market ended with the value of stocks traded at US$24,695 and US$6,401 on the previous trading day.
The market’s PE ratio ended at 23.2 based on 2021-22 earnings and 12.4 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

Filed Under: General News Tagged With: Daily Trading, Emerging market, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, JSE Main Index, junior market, Junior Market index, Net asset Value of Jamaican stocks, OneonOne, PE Ratio of Jamaican stocks, Trading Activity

Heavy demand for ONE on ONE

September 1, 2022 by IC Insider.com

OneonOne Education Services is now listed with heavy demand at $1.30 currently from 302 bids total bids at $1.30 for 15.8 million shares.
The bids are now at $1.30, the maximum it can trade at in the first hour of trading and after that $1.32 the maximum for the day, offers are effectively in at $1.30 and over
The stocks appear to be heading for the $2 range by early next week as buyers jostle to pick up stocks. The stocks went to market in early August to sell 380 million units up to $1 each and the issue was heavily oversubscribed.
Trading will commence at 9:30 and trading in the stocks will be suspended immediately after opening and will resume an hour time after.
After the trading commenced investors exchanged just 14,238 shares at $1.30 leaving 16.58 million units on the bid at $1.30 with trading in the stocks halted until 10.30 am.

Filed Under: Initial Public Offers, JSE Junior Market, Stock Market Tagged With: Emerging markets, IPO, Jamaican stocks, junior market, OneonOne

Sales jump 31% in Fontana’s Q4

September 1, 2022 by IC Insider.com

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Fontana is quietly making significant headways in a Jamaican economy that suffered over the last twelve months to June with various dislocations resulting from measures implemented to control the spread of the Covid19 virus. In the financial year to June 2022, revenues climbed a respectable 23 percent to $6.34 billion, from $5.15 billion in 2021 and delivered a 19 percent rise in profit to $606 million.

Artist impression of the 20,000 sqft Portmore store set for opening in early summer 2023.

Sales rose a robust 31 percent in the fourth quarter, well ahead of the nine months’ inflows of 21 percent, but the cost of sales grew even faster at 41 percent, resulting in gross profit rising 16 percent, similar to the increase in the nine months. Profit margin fell and remained in the region of 35.8 percent for the June Quarter and for the year to March but is well down on the 40.5 percent achieved in the June quarter last year.
In an interview with the company’s chairman, Kevin O’Brien Chang suggests that sales would have been affected by specials in the period and the inability to recover increased costs associated with logistical dislocation of sourcing and receiving goods.
“We are very pleased with the trend in sales currently”, Chang informed ICInsider.com in response to whether they could maintain the 31 percent fourth quarter revenue growth in the future for the current fiscal year.
Profit in the fourth quarter rose a substantial 32 percent to $192 million from $146 million, while the full year results increased 18 percent to $606 million from $512 million in 2021.
Administrative and other expenses rose 20 percent in the fourth quarter to $380 million and 15 percent for the fiscal year, to $1.4 billion. Marketing and sales expenses slipped 7 percent in the final quarter and rose 14 percent to $64 million for the year. Finance costs climbed 12 percent in the quarter to $204 million from $182 million in 2021 and rose 17 percent from $648 million to $761 million for the year.
The company continues to be in a financially healthy position. Gross cash flow brought in $840 million, up from $713 million in 2021. Working capital needs and acquisition of fixed assets utilised $204 million. Dividend payment used up $250 million. Loans and lease payments consumed $320 million, but the proceeds of a $492 million bond resulted in an increase of $632 million in cash.
Shareholders’ equity rose to $2.16 billion from $1.8 billion at the end of June 2021. Long term borrowings ended at $1.5 billion and short term borrowings at $143 million at the end of June this year. Current assets ended the period at $2.7 billion, including inventories of $992 million compared to $836 million in 2021, trade and other receivables of $195 million and cash and bank balances of $1.5 million. Current liabilities ended the period at $830 million. Net current assets ended at $1.86 billion.
The Portmore store is estimated to be around 20,000 square feet, with an opening around the end of the June 2023 quarter, Chang advised ICInsider.com. The store will be leased as is the case of most stores the company operates.
Earnings per share came out at 49 cents for the 2022 fiscal year. ICInsider.com forecasts 80 cents per share for the fiscal year ending June 2023, with a PE of 11 times the current year’s earnings based on the price of $9.06 the stock traded at on the Jamaica Stock Exchange Junior Market. Net asset value is $1.49, with the stock selling at six times book value.
Fontana owns and operates a chain of pharmacies in Kingston, Montego Bay, Mandeville and Och Rios. Fontana is one of the 10 Junior Market ICInsider.com stocks to hold for 10 years.

Filed Under: Company News, Company Results Tagged With: Emerging markets, Fontana, Fontana Pharmacy, Jamaica Stock Exchange, Jamaican stocks, junior market, Juststocks

1on1 Junior Market 50th listing

September 1, 2022 by IC Insider.com

Ricardo Allen CEO of One to One

Trading in ONEonONE Educational Services shares will commence today on the Junior Market of the Jamaica Stock Exchange after a successful Initial Public offer of 380 million shares up to $1 each at the beginning of August.
The listing will bring the number of Junior Market companies to 46 and it will be the 100^th listed company on the Jamaica Stock Exchange. It will also represent the 50^th company to list on the Junior Market since the first listing of Access Financial Services in 2010.
Sweet River Abattoir was delisted after failing financially and Eppley, Key insurance and Caribbean Producer migrated to the Main Market.
The stock is expected to trade at the maximum price permissible today at $1.32 and $1.74 on Friday providing it closed today at $1.32.

Filed Under: Initial Public Offers, JSE Junior Market, Stock Market Tagged With: Daily Trading, Emerging markets, IPO, Jamaica Stock Exchange, junior market, OneonOne

Mixed JSE trading on Wednesday

August 31, 2022 by IC Insider.com

The Main and Junior Market slipped at the close of trading but the JSE USD market inched higher on Wednesday on the Jamaica Stock Exchange to close out August, with losses to the market indices, with the markets closing lower for the month after trading ended with a bump in the volume of stocks trading that more than doubled Tuesday’s trades, with the value rising to more than $1 billion dollars.
At the close of the market, the JSE Combined Index, a measure of the overall market, declined 462.81 points to 373,425.00, the All Jamaican Composite Index popped 146.95 points to 408,382.25, the JSE Main Index dipped 474.78 points to 359,294.69, the Junior Market Index slipped 2.10 points to 4,168.05 and the JSE USD Market Index rose 1.80 points to 205.56.
Trading ended with 96,932,851 shares changing hands with the value at $1.11 billion, compared to $192.76 million, with 41,625,695 shares traded in the overall market on Tuesday. The JSE USD market ended with the value of stocks traded at US$6,401 and US$41,599 on the previous trading day.
The market’s PE ratio ended at 23.3 based on 2021-22 earnings and 12.8 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

Fabulous first quarter results

August 31, 2022 by IC Insider.com

Several Jamaica Stock Exchange listed companies reported record profits for 2022 as net income for all the companies surged 30 percent after taxation in the first quarter this year over in the 2021 first quarter, with data released by listed companies showing revenues grew a healthy 21 percent.
The final numbers include results of Guardian Holdings, and Massy Holdings, two companies with primary listings in Trinidad and Tobago, and the recently listed Dolla Financial. Excluding results for the two Trinidadian based companies, profit rose 39 percent for the rest, from a 27 percent rise in revenues, the data reveal.
Profits exclude significant exceptional one time items and do not include other comprehensive income that companies in the financial sector incurred following unrealized losses in their investment portfolio flowing from increased interest rates in 2022.
Companies that suffered losses or sharply reduced earnings in the 2021 period are contributing to the strong rise in overall profit, now recovering in 2022. The companies are also benefiting from easing restrictions placed on Jamaicans and a strong rebound in the critical tourist arrivals.
The results show that 65 of the 95 listed companies posted positive results and 30 recorded declines. The results show a number of the companies rebounding sharply from declines in their fortunes in 2020 and 2021, with a number of them indicating a significant improvement and delivering record profits due to cost reduction effected in the downturn.
ICinsider.com showcases some outstanding performers and provides a complete listing of all companies.
Revenues at Dolphin Cove surged 247 percent to J$397 million, with profit rising 619 percent to J$123 million but the company’s good performance carried over into the second quarter, with revenues climbing 97 percent to $650 million and profit before tax rising 29 percent to J$259 million over the 2021 June quarter. Dolphin Cove benefited from the near recovery of the tourist trade in the June Quarter.
Caribbean Producers’ revenues rose 123 percent to J$4.4 billion and churned up a 275 percent increased profit to $244 million from a loss of $140 million in 2021. CPJ is benefitting from a combination of increased tourist arrivals in Jamaica and St Lucia and a significant reduction in operating costs. The company’s June results are pending.
Fosrich revenues surged 64 percent to $900 million, coming primarily from expansion into manufacturing of PVC pipes and some other new areas and spawning a 314 percent rise in profit to $159 million. The second results continue the positive first quarter trend, with revenues up 65 percent to $898 million and profit rising 83 percent to $139 million from $76 million in 2021.
Jamaica Producers’ revenues rose 26 percent to $6.9 billion. Profit jumped 58 percent to $406 million, with second quarter revenues exceeding that of the first quarter and increasing 26 percent over 2021 second quarter to $7.5 billion, with profit rising 30 percent to $458 million as associated companies delivered a significant increase in profit of $191 million versus just $48 million in 2021.
Jamaica Broilers’ revenues rose 25 percent to $20 billion and profit jumped 94 percent to $1 billion. The company will report the next set of results in September.
Revenues at NCB Financial Group grew 39 percent to $98.4 billion and delivered a 295 percent increase in profit to $7.8 billion from $2 billion. In the June Quarter, revenues rose 17 percent to $89 billion from $76 billion and profit jumped 104 percent to $8.2 billion from $4 billion in 2021.
Mayberry Investments enjoyed a major reversal of investment losses incurred in 2021. They moved revenues from a negative $110 million to a positive $1.36 billion in the first quarter this year for a 1,335 percent turnaround. Profits also recorded a hefty 109 percent swing, from a loss of $331 million in 2021 to a profit of $692 million. For the three months to June, revenues surged to $6.2 billion from $3.1 billion in 2021, primarily due to a jump in investment gains from $3 billion to $5.4 billion in 2022. Profit attributable to shareholders of the company climbed from $1.9 billion to $2.5 billion.

Mayberry Ithe lead broker.

Revenues at Mayberry Jamaican Equities recovered to $979 million in the March quarter from a negative inflow of $601 million, representing a 263 percent improvement, with profits jumping 720 percent to $1.36 billion from a loss of $166 million in 2021. June 2022 quarter ended with revenues at $5.6 billion and $5.3 billion in profit compared with revenues in 2021 of $2.5 billion and profit of $2.4 billion.
Productive Business Solutions saw an 18 percent rise in revenues to J$6 billion and profit rising 35 percent to $241 million from $178 million in 2021. Revenues climbed 69 percent to JS$14.1 billion and profit rose from a loss of $82 million to a profit of $264 million.
Revenues at Sagicor Group grew just 3 percent to $23.76 billion, but profits jumped 38 percent to $4 billion from $2.9 billion in 2021. In the second quarter, revenues slipped marginally to $25 billion from $25.2 in 2021, with profit attributable to shareholders of the group coming in 15 percent higher at $2.2 billion, from $1.94 in 2021. Other comprehensive income moved from a positive $1.6 billion in the June 2021 quarter to a loss of $7.3 billion for the June 2022 quarter, with year to date loss of $12.6 billion versus a $3.2 billion loss in 2021.
Stationery and Office Supplies revenues were up 36 percent to $428 million, while profit jumped 90 percent to a record $105 million. The good first quarter performance carried over into the second quarter to June with revenues slightly behind that of the first quarter to end at $420 million, up 84 percent above $238 million in 2021 and finished with a profit of $70 million. The first quarter profit was boosted by a $23 million gain on the sale of a property.

Sagicor Group jumped $8 on Monday to a record close of $73.

Supreme Ventures’ revenues rose 19 percent to $12.7 billion and profit jumped 68 percent to $997 million from $592 million. In the June quarter, revenues rose 17.6 percent to $12.76 billion and a flat profit of $630 million.
Some of the performances of individual companies reflect themselves in the sectors in which they operate. Financial Services, with 20 companies, delivered a 41 percent revenues increase to $25.3 billion and a 10 percent increase in after-tax profit to $8 billion. Distribution revenues climbed 29 percent to $33.6 billion and profit rose 52 percent to $2.3 billion from just $1.5 billion last year.
Conglomerates were disappointing, with no profit growth of $5.8 billion from a 13 percent rise in revenues to $113 billion. Manufacturing managed a 22 percent rise in profit to $4.8 billion from a 23 percent increase in revenues to $55 billion from $45 billion in 2021.
Media with just two entities delivered revenues of $1.75 billion, up a mere 4 percent year over year but grew profit an attractive 68 percent to $152 million.
Revenues for the Insurance group rose just 3 percent to $86 billion and delivered a 17 percent increase in profits to $8.2 billion.
Revenues for the Entertainment companies rose 23 percent to $13.5 billion, with profit increasing 130 percent to $1 billion, with Supreme Ventures dominating with profit jumping 68 percent to $996 million.
Real Estate saw a 20 percent drop in profit from a 54 percent rise in revenues to $3.46 billion, delivering a profit of $1.27 billion.
The Transportation sector saw a 71 percent increase in revenues to $10.6 billion and delivered a 38 percent increase in profit to $1 billion.

Filed Under: Company News, Company Results, Feature Stories Tagged With: Caribbean Producers, Dolphin Cove, Emerging markets, FosRich, Guardian Holdings, Jamaica Broilers, Jamaica Producers Group, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, junior market, Massy Holdings, NCB Financial Group, PANJAM Investment, Sagicor Group, Scotia Group, Supreme Ventures

JSE Markets inch higher Tuesday

August 30, 2022 by IC Insider.com

Main Market and Junior Market stocks squeezed out modest gains in trading chilled on Tuesday on the Jamaica Stock Exchange but the JSE USD market fell at the close of the market and ended with the volume traded rising over that on Monday but a much lower value and resulted in the JSE Combined Index a measure of the overall market, rising 663.44 points to 373,887.81.
The All Jamaican Composite Index rose 528.75 points to 408,235.30, the JSE Main Index rallied 622.71 points to 359,769.47, the Junior Market Index popped 9.03 points to 4,170.15 and the JSE USD market Index slipped 10.38 points to 203.76.
Trading ended with 41,625,695 shares changing hands with the value at $192.76 million, compared to $1.126 billion, with 33,811,840 shares traded in the overall market on Monday. The JSE USD market ended with the value of stocks traded at US$41,599 up from US$9,558 on the previous day. The market’s PE ratio ended at 23.2 based on 2021-22 earnings and 12.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

Pull back for JSE on Monday

August 29, 2022 by IC Insider.com

Trading chilled on Monday on the Jamaica Stock Exchange and ended with the volume and value of stocks traded rising over that on Friday but with slippage in the main and Junior markets, resulting in the JSE Combined Index a measure of the overall market, dropping 3,242.85 points to 373,224.37.
The All Jamaican Composite Index fell 4,970.96 points to 407,706.55, the JSE Main Index dropped 3,398.45 points to 359,146.76, the Junior Market Index slipped 7.26 points to 4,161.12 and the JSE USD market Index rallied 0.61 points to 214.14.
Trading ended with 33,811,840 shares changing hands with the value at $1.126 billion, compared to $213 million from 28,384,275 shares traded in the overall market on Friday. The JSE USD market ended with the value of stocks traded at US$9,558 versus US$13,332 on the previous day of trading. The market’s PE ratio ended at 23 based on 2021-22 earnings and 12.5 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

Big weekly gains for 3 ICTOP10 stocks

August 27, 2022 by IC Insider.com

138 Student Living and Consolidated Bakeries jumped 41 and 34 percent respectively, from $5.14 to $7.25 and from $1.49 to $1.99 and fell out ICTOP10 this week at a time CAC2000 jumped 36 percent to $8.25 as the price recovered from a 21 percent fall to $6.05 last week.
The moves follow funds previously tied up in the One on One IPO coming back to the market.
Other meaningful ICTOP10 movers this past week, are Iron Rock Insurance and Lasco Manufacturing jumping 11 percent to $3 and $4.55 respectively and Caribbean Cream rising 10 percent to $4.25, while Caribbean Assurance Brokers slipped 8 percent $2.50.
The Main Market ended the week with Productive Business Solutions rising 15 percent to US$1.32, Berger Paints rising 12 percent to $11.45 and Sterling Investment put on 5 percent to $2.90, while VM Investments dipped 4 percent to $5.30.
In the Junior Market ICTOP10 General Accident and Lasco Financial replaced Consolidated Bakeries and Lasco Manufacturing. There was one change in the Main Market with Radio Jamaica replacing 138 Student Living.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14, while the Junior Market Top 10 PE sits at six versus the market at 12.8. The Junior Market is projected to rise by 240 percent and the Main Market TOP10 is projected to gain an average of 233 percent each by May 2023.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 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 emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.