One on One Education climbed 11.4 percent during the past week to close at $1.66 following addition to the Stocks to Watch list while Knutsford Express climbed back to close at $9.10 from $8 at the end of the previous week and hit a new 52 weeks’ high of $9.75 on Thursday.
Medical Disposables
Medical Disposables dropped out of the ICTOP10 into the Stocks to Watch, but this publication gathers that the half year results due out by next week will continue to reflect increased cost outpacing the rise in sales. ICInsider.com forecast is for increased profits for the year to March 2023 at 75 cents per share which is likely to eventually push the stock price higher and trigger a stock split in 2023.
Buffetted by the closure of the entertainment business in 2020, Palace Amusement had another tough two years, with the 2022 fiscal year ending with a loss of $257 million, down from a loss of $383 in 2021. The improved result was mainly occasioned by a small profit of $12 million in the final quarter as revenues climbed to $275 million in the fourth quarter bettering the $106 million generated in all of the 2021 fiscal year. Revenues in the fourth quarter were well up on the third quarter with $142 million. The much improved June quarter revenue is still some distance from the $338 million generated in the June 2019 quarter, with a profit then of $36 million, but the 2022 results suggest that the company is not far from getting back to normal levels and if so could boost the stock price, currently in the $800 range and by far the highest priced ordinary share on the market currently.
ICInsider.com watch list comprises Access Financial, Barita Investments, Caribbean Assurance Brokers, Consolidated Bakers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, Medical Disposables, NCB Financial, One on One, Palace Amusement, Paramount Trading, Scotia Group and Stationery and Office Supplies.
Palace Portmore cinema
Based on recent releases of quarterly results Caribbean Assurance Brokers should be releasing nine months’ results this week that should reflect record earnings, which could move the stock price. The same goes for Lasco Distributors and Lasco Manufacturing and Stationery and Office Supplies should report nine months’ results around November 11.
Major factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated since last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.
Persons who compiled this report may have an interest in securities commented on.
Price changes worth noting include iron rock insurance, with an 11 percent fall to $2.22, followed by General Accident with a decline of 10 percent to $4.55, Paramount Trading lost 7 percent to $1.90. Caribbean Cream declined 6 percent to close the week at $3.86 in the Junior Market and in the Main Market, VVM Investments fell 7 percent to $4.60 while Productive Business Solutions slipped 6 percent to $1.30. JMMB Group was down 5 percent to $36.20.
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, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
Three stocks traded at one year lows, with NCB Group hitting an intraday low of $80 before closing at a yearly low of $84.99, Pulse Investment closed at a low of $2.85 and Sagicor Select Financial Fund hit a year’s low of 36 cents but closed at 42 cents.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Scotia Group rose 60 cents to $36, closing with an exchange of 4,653 stocks, Seprod popped $2.84 to $71 with the swapping of 2,491 shares and Sygnus Real Estate Finance dipped 80 cents to end at $9.20 in an exchange of 300 stock units.
A total of 7,725,167 shares were traded for $52,758,028 down from 18,798,375 units at $73,598,833 on Wednesday.
At the close, Barita Investments dipped $1.16 to close at $100 with 2,216 shares clearing the market, Caribbean Cement lost 40 cents to end at $57.50 after exchanging 32,270 stock units, Eppley Caribbean Property Fund dropped $1.03 to $38.01 after trading 2,137 units. GraceKennedy climbed 50 cents in closing at $89.50 with investors dealing in 77,765 stocks, Guardian Holdings shed $5 in ending at $495 after a transfer of 8,167 stock units, Jamaica Producers fell $1.70 to $17.30 with 8,532 shares changing hands. Kingston Wharves advanced $1.65 in closing at $37.90 in transferring 524 units, NCB Financial declined $1 to close at $85 with investors swapping 225,109 stocks, Palace Amusement shed 81 cents to $827 after trading 43 stock units. 
Proven Investments rallied $1.49 to end at $30 with the swapping of 1,250 units, Sagicor Group dipped 49 cents to $50.50 in trading 10,901 shares, Scotia Group dropped 60 cents in closing at $35.40 with 29,966 stocks crossing the exchange and Seprod dropped $2.79 to $68.16 while exchanging 4,390 units.
Investors traded 18,798,375 shares for $73,598,833, up from 6,498,000 units at $63,227,582 on Tuesday.
At the close, Barita Investments declined 80 cents to $101.16 after an exchange of 3,272 shares, Caribbean Cement dipped 85 cents to $57.90 after a transfer of 4,574 units, Caribbean Producers rose 42 cents to end at $13.60 with investors transferring 40,723 stocks. First Rock Real Estate rallied 49 cents to close at $14.49 after trading 3,375 stock units, JMMB Group fell $1 in closing at $37.50, with 163,830 stock units crossing the market, Kingston Wharves advanced $1.05 to $36.25, with a change in ownership of 34,654 shares. Massy Holdings dropped $4.85 to close at $80.15, with 878 units crossing the exchange, Mayberry Investments fell 59 cents to $7.86 in trading 28,550 stocks, NCB Financial popped 80 cents in closing at $86 after an exchange of 217,528 stock units. PanJam Investment gained $1.88 to end at $56.88 in exchanging 1,554 stocks, Proven Investments shed $1.49 to close at a 52 weeks’ low of $28.51 as investors exchanged 25,450 shares, 
Sagicor Group increased 99 cents to end at $50.99 in an exchange of 1,933 units and Sygnus Real Estate Finance climbed $1.31 to $10.31 with the swapping of 2,941 units.
Investors traded 6,498,000 shares for $63,227,582 up from 5,633,077 units at $47,384,697 on Monday.
At the close, Barita Investments rose $5.96 to end at $101.96, with 9,476 shares crossing the market, Caribbean Cement popped 65 cents to $58.75 after 14,442 stocks were traded, Caribbean Producers dipped 62 cents to $13.18 after trading of 164,065 stock units. GraceKennedy advanced 50 cents to $89, with 61,884 units crossing the market, Jamaica Producers dropped $1 to $19 in exchanging 3,369 stock units, JMMB Group rose 45 cents to close at $38.50 after an exchange of 341,509 units. Kingston Wharves fell $2.80 to $35.20 with the swapping of 20,659 stocks, Massy Holdings increased $3.90 in closing at $85, with 1,172 shares changing hands, Mayberry Investments rallied 45 cents to $8.45 with a transfer of 43,592 stock units. NCB Financial shed $1.30 to $85.20 in trading 60,828 units, Palace Amusement declined $12.19 to close at $827.81 with investors transferring ten shares, PanJam Investment climbed $2.25 to $55 after a transfer of 1,185 stocks. 
Proven Investments lost $2.09 to end at $30 in an exchange of 13,784 stock units, Sagicor Group shed 50 cents to end at $50 in switching ownership of 52,179 units, Scotia Group dipped 81 cents in closing at $36 after exchanging 19,291 shares. Seprod advanced 70 cents to close at $70.95 after trading 4,553 stocks and Stanley Motta popped 43 cents in closing at $5 after exchanging 3,787 stock units.
A total of 5,633,077 shares were exchanged for $47,384,697 versus 6,909,965 units at $29,190,379 on Friday.
At the close, Barita Investments lost $6.47 to end at $96 with 16,132 shares crossing the market, Caribbean Cement declined 65 cents to $58.10 in exchanging 4,823 stock units, Eppley shed $1.70 after ending at $38 with a transfer of 7,618 units. GraceKennedy dipped $1 in closing at $88.50 with 64,175 stocks changing hands, Jamaica Stock Exchange dropped 84 cents to close at $15.15 after trading 12,777 stock units, Key Insurance fell 54 cents to end at a 52 weeks’ low of $3.10 in an exchange of 920 stocks. Mayberry Investments advanced 60 cents to $8 with 68,331 units crossing the market, NCB Financial dropped $2.23 in closing at a 52 weeks’ low of $86.50 in transferring 221,710 shares, Palace Amusement rallied $10 to close at $840 in switching ownership of four shares. Proven Investments popped $1.54 to $32.09 while exchanging 8,618 stocks, Scotia Group rose $1.41 to close at $36.81 with 3,234 shares changing hands, Stanley Motta declined 43 cents to end at $4.57 in an exchange of 100 stock units and Sygnus Real Estate Finance fell $1.31 in closing at $9 with investors dealing in 350 stocks.
In the preference segment, Eppley 5% preference share climbed $5.55 to $23.40 with the swapping of one stock unit, 138 Student Living preference share increased $3.50 to $63.50 in transferring 63 units and Productive Business Solutions 9.75% preference share gained $33 in closing at $140 with an exchange of 243 shares.
Price changes worth noting include, Medical Disposables with a 12 percent rise to $5.79, Paramount Trading up 10 percent to $2.04 and Caribbean Assurance Brokers rising 6 percent to close the week at $2.59 in the Junior Market and Caribbean Producers gaining 11 percent to close the week at $13.93, to move from number one spot last week to third this week and Key Insurance rising 4 percent to $3.64 in the Main Market. Caribbean Cream earnings per share were reduced to 70 cents for the year to February from 80 cents previously.
The Junior Market has 14 stocks representing a third of the market, with PEs from 15 to 36, averaging 21 compared with the above average of the market. The top half of the market has an average PE of 18. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 15 highest valued stocks priced at a PE of 16 to 78, with an average of 26 and 22 excluding the highest valued one and 18 for the top half excluding the highest valued stock.
ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
ICInsider.com watch list comprises now Access Financial, Barita Investments, Caribbean Assurance Brokers, Consolidated Bakers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Manufacturing, NCB Financial, One on One, Paramount Trading, Scotia Group and Stationery and Office Supplies.
Significant factors to consider going forward. Based on recent releases Caribbean Assurance Brokers should be releasing nine months’ results this coming week to reflect record earnings, which could move the stock price. The same goes for Lasco Distributors and Lasco Manufacturing. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, companies highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated from last year to April this year. The same applies to the entertainment industry,y as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.
Investors showed hesitance in buying stocks, trading 6,909,965 shares for $29,190,379 versus 4,041,001 units at $117,403,602 on Thursday.
At the close, Barita Investments popped 57 cents to $102.47 after swapping 15,273 stock units, Caribbean Cement rallied 75 cents to close at $58.75, with 472 units crossing the exchange. Caribbean Producers increased 43 cents in closing at $13.93, with 14,795 stocks changing hands, Eppley Caribbean Property Fund gained $1.01 to end at $39.02 after trading 500 stock units, First Rock Real Estate dropped $1.19 to close at $14.16 with 2,000 units changing hands. GraceKennedy dipped 50 cents, ending at $89.50, with 27,637 stocks clearing the market, Guardian Holdings rose $3.98 to $500 in switching ownership of 50 shares, Jamaica Producers advanced $1 to $20 as investors exchanged 7,669 stocks. Margaritaville shed $2.90 to $22.60 after trading 99 stock units, Massy Holdings declined $3.89 in closing at $81.11 in trading 111 units, Mayberry Investments fell 60 cents to close at $7.40 with investors transferring 1,011 shares. NCB Financial lost $1.26 after ending at $88.73 in an exchange of 2,531 stock units, PanJam Investment fell $4.28 to end at $52.71 as 5,029 stocks were exchanged, Proven Investments rallied 50 cents to $30.55, with 6,065 units crossing the market. 
Sagicor Group increased 50 cents ending at $50.50 with an exchange of 3,010 shares, Seprod declined $1.06 to end at $69.94 with a transfer of 14,416 units and Wisynco Group dipped 48 cents to close at $17.92 in exchanging 84,013 stocks.