Carib Producers now out of ICTOP10

March 17, 2025 by
In another week with investors’ attention split between the existing listings and two public stock issues on the market, the Main Market fell and the Junior Market rose marginally with the ICTOP10 ending with three stocks rising in the Junior Market listing while 5 declined. In the Main Market listing 5 stocks rose and three declined with Caribbean Producers falling from the All JSE ICTop10.

In the Junior Market ICTOP10, Dolphin Cove rebounded sharply from its recent fall, with a 9 percent climb during the week to $18.50 and AMG Packaging rose 4 percent to $2.90.
Kintyre Holdings fell 18 percent to 33 cents, Express Catering declined 10 percent to $2.60 and Dolla Financial lost 5 percent to close the week at $2.75.
In the Main Market ICTOP10, QWI Investments rose 6 percent to 82 cents and Jamaica Broilers popped 5 percent to $37, while VM Investments fell by 7 percent to close at $2.19.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Caribbean Producers falling out and replaced by another Montego Bay company, Express Catering.
There is one change to the Junior Market ICTOP10 and none in Main Market ICTOP10, with the Junior Market Iron Rock Insurance returning as Dolphin Cove drops out with the B recovery continuing for the stock price following the sharp fall two weeks ago.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.7, well below the market average of 15 and the Junior Market TOP10 stands at 7.6, more than half of the market, with an average of 13.9.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 251 percent by May 2025, providing better values than the Junior Market, that is projected to achieve a 189 percent increase for the same period.
In the Main Market ICTOP 10, there are 19 stocks with the highest values representing 37 percent of the Main Market, with PEs between 15 to 44, with an average of 21 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 13 stocks or 28 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and non-blue chip stocks and in some cases weaker companies that may be oversold and therefore end up on the list. 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.

IC TOP10 stocks will likely deliver the best returns on or around May 2025 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, 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.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , ,

Volume jumps on JSE USD Market

March 12, 2025 by
The Jamaica Stock Exchange US dollar market closed Wednesday, with a 144 percent jump in the volume of stocks traded having a 73 percent lower value than Tuesday and resulting in an exchange of eight securities, compared with 10 on Tuesday with prices of three rising, three declining and two ending unchanged.

The market closed after investors exchanged 648,148 shares with a value of US$24,798 compared to 266,132 stocks at US$92,122 on Tuesday.
Trading averaged 81,019 shares at US$3,100 compared to 26,613 stocks at US$9,212 on Tuesday, with a month to date average of 69,966 units at US$4,519 to be in line with 68,085 stocks at US$4,761 on the previous day and compared to February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index popped 2.53 points to finish at 240.09. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 11.3. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close, Proven Investments fell 0.29 of a cent to 10.71 US cents with traders dealing in 42,080 stock units, Sterling Investments ended at 1.87 US cents with 55 shares crossing the exchange, Sygnus Credit Investments increased 0.69 of a cent to finish at 7 US cents with a transfer of 4,514 stocks and Transjamaican Highway popped 0.06 of a cent to close at 2.51 US cents after an exchange of 599,335 units.

In the preference segment, JMMB Group 7.5% preferred share remained at US$2.01 with investors trading 1,837 shares, JMMB Group US8.5% preference share slipped 1 cent in closing at US$1.04 in switching ownership of 227 stock units. Productive Business Solutions 9.25% preference share climbed 50 cents to US$10.80 as investors exchanged 85 stocks and Sygnus Credit Investments US 8% fell US$1.4499 to finish at US$8.55 with 15 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Berger drops out of ICTOP10

March 10, 2025 by
Berger Paints dropped out of ICTOP10 this past week, with a gain of 2 percent, following the release of full year results that are lower than ICInsider.com’s forecast, but 2025 is poised to be better, as some costs fade away and revenue rises. The week reflects a market caught up with investors who have sold stocks to help fund two ordinary share offerings in a week when the main market had just one change and none for the Junior Market.

The week closed with prices of only 2 stocks rising and 7 declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with one winner and 5 losers.
In the Junior Market ICTOP10, Dolphin Cove rebounded sharply from its recent fall, with a 21 percent climb during the week to $17. Express Catering dropped 11 percent to $2.80, Access Financial declined by 6 percent to $16.60 and Elite Diagnostic fell 4 percent to $1.51.
In the Main Market ICTOP10, QWI Investments fell 8 percent to 77 cents while 138 Student Living, Jamaica Broilers and NCB Financial fell by 5 percent to close at $3.80, $35.40 and $45.35 respectively.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Berger Paints falling out and replaced by Caribbean Producers.
There is no change to the Junior Market ICTOP10 while Berger Paints dropped out of the Main Market ICTOP10 and was replaced by GraceKennedy after a long absence, with the company reporting earnings for 2024 that rose 8 percent to $8.43. The company’s new CEO Frank James seems bullish on earnings for 2025, he indicated that a look at the 2024 segment accounts shows“ the food segment which is by far the largest and most profitable segment of our business is growing profits at 22 percent, banking and investments at 26 percent in the insurance at 8 percent as you pointed out remittances where we lost some ground and as you also point out there are some external factors however as indicated in the stockholders report we have made significant investments in digital which will pay off in this area as such while 2024 had some exceptions we are in good in growth mode,” he concluded.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.7, well below the market average of 15.2 and the Junior Market TOP10 stands at 7.7, more than half of the market, with an average of 13.8.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 254 percent by May 2025, providing better values than the Junior Market, projected to achieve a 176 percent increase for the same period.
In the Main Market ICTOP 10, there are 19 stocks with the highest values representing 37 percent of the Main Market, with PEs between 15 to 43, with an average of 21 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 13 stocks or 27 percent of the market have PEs ranging from 15 to 31 with an average of 19 and a PE of 15 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always the case as some weaker companies may be oversold and therefore end up in the list. 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.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.

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

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Volume rises value drops on JSE USD Market

March 7, 2025 by

At the close of the market on Friday trading resulted in the exchange of more shares from fewer companies on the Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded rising 104 percent with a 44 percent lower value than on Thursday, resulting in exchange of six securities, down from nine on Thursday with prices of three rising, two declining and one ending unchanged.

The market closed with an exchange of 1,177,910 shares for US$32,735 compared to 577,225 stock units at US$58,717 on Thursday.
Trading ended with an average of 196,318 shares at US$5,456 compared with 64,136 stocks at US$6,524 on Thursday, with a month to date average of 74,471 units at US$3,626 compared with 44,010 stocks at US$3,169 on the previous day and February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index fell 1.56 points to conclude trading at 221.51. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 9.6. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close on Friday, First Rock Real Estate USD share popped 0.3 of one cent to end at 2.09 US cents with investors trading 9,456 stocks,  Proven Investments lost 1 cent in closing at 10 US cents in switching ownership of 5,354 units, Sterling Investments remained at 1.7 US cents after investors ended trading 54,699 shares. Sygnus Credit Investments climbed 0.69 of one cent and to 7 US cents with an exchange of 30,256 stock units and Transjamaican Highway increased 0.19 of a cent to close at 2.5 US cents with t 1,074,745 shares crossing the market.

In the preference segment, JMMB Group US8.5% preferred share declined 0.5 of one cent to finish at US$1.045 in trading 3,400 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Trading rises on JSE USD Market

March 6, 2025 by
Trading climbed on Thursday well above Tuesday’s levels on the Jamaica Stock Exchange US dollar market and closed with the volume of stocks changing hands rising 148 percent, with 497 percent greater value than on Tuesday, resulting in the exchange of nine securities, up from seven on Tuesday with prices of three rising, six declining and no ending unchanged.

The market closed with an exchange of 577,225 shares for US$58,717 up from 233,083 stock units at US$9,836 on Tuesday.
Trading averaged 64,136 shares at US$6,524 up from 33,298 stocks at US$1,405 on Tuesday, with a month to date average of 44,010 stock units at US$3,169 compared to 31,934 stocks at US$1,156 on the previous day and February with an average of 115,433 units for US$5,430.
The US Denominated Equities Index declined 1.13 points to wrap up trading at 222.76. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 9.3. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of trading, First Rock Real Estate USD share dipped 0.3 of one cent to 1.79 US cents in an exchange of 24,193 stock units, Margaritaville slipped 0.01 of a cent in closing at 9.49 US cents with investors trading 501 shares, Proven Investments dipped 0.3 of a cent to finish at 11 US cents in an exchange of 244,899 stocks. Sterling Investments lost 0.18 of a cent and ended at 1.7 US cents with 53,842 units clearing the market, Sygnus Credit Investments skidded 0.69 of one cent to close at 6.31 US cents trading 55,000 shares and Transjamaican Highway fell 0.07 of one cent to end at 2.31 US cents after a transfer of 178,647 units.
In the preference segment, JMMB Group US8.5% preference share rose 0.3 of a cent to US$1.05 in switching ownership of 20,000 stocks, Productive Business Solutions 9.25% preference share gained 5 cents in closing at US$10.30 as investors exchanged 128 stock units and Sygnus Credit Investments US 8% popped US$1.2748 and ended at US$8.50 as 15 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Two new additions to ICTOP10

March 3, 2025 by
Price movements in the ICTOP10 this past week as mostly muted with the Main Market having only two stocks with notable price changes while the Junior Market three, while both markets had one new listing.

Market movements resulted in prices of 5 stocks rising and 3 declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with two gains and 2 losses.
In the Junior Market ICTOP10, Caribbean Flavours ran up 7 percent to $1.34 and Iron Rock Insurance gained 4 percent to $3.75, while AMG Packaging fell 6 percent to $3.
In the Main Market ICTOP10, Berger Paints rose 9 percent to $7.82 and Key Insurance fell 10 percent to close at $2.16.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Key Insurance falling out and replaced by AMG Packaging
Iron Rock Insurance fell out of the Junior Market ICTOP10 and is replaced by Limners and Bards. In the Main Market ICTOP10, VM Investments returns after a one week’s absence, replacing Key Insurance that reported earnings of just 12 cents per share for the full year, much lower than projected.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.9, well below the market average of 15.7 and the Junior Market TOP10 stands at 7.7, more than half of the market, with an average of 13.4.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 256 percent by May 2025, providing better values than the Junior Market, projected to achieve a 172 percent increase for the same period.
In the Main Market ICTOP 10, there are 17 stocks with the highest values representing 33 percent of the Main Market, with PEs between 15 to 105, with an average of 30 and 24 excluding the highest PE ratios and a PE of 26 for the top half of the market with the highest values and 20 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 15 stocks or 31 percent of the market have PEs ranging from 15 to 33 with an average of 20 and a PE of 18 for half of the market with the highest PEs.
The ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. 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.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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, 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.

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

Steady JSE USD Market at month end

February 28, 2025 by
The Jamaica Stock Exchange US dollar market closed Friday, with a moderation in the volume of on with a 70 percent lower value than Thursday with a similar number of stocks trading both days. The market closed with activities in 11 securities and ended with prices of three rising, four declining and four ending unchanged.

The day closed with an exchange of 318,360 shares for US$20,139 compared with 302,740 stocks at US$66,625 on Thursday. Trading averaged 28,942 shares at US$1,831 compared to 27,522 stocks at US$6,057 on Thursday, with a month to date average of 115,433 units at US$5,430 slightly down from 121,819 stocks at US$5,695 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index dipped 1.52 points to conclude trading at 224.76. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 9.6. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close, AS Bryden dipped 1.2 cents to end at 19.8 US cents as investors exchanged 3,659 stock units, First Rock Real Estate USD share ended at 2.1 US cents with trading in 51,341 shares, Margaritaville popped 1.5 cents to 9.5 US cents with an exchange of 1,024 stocks. Proven Investments remained at 11.35 US cents after closing with an exchange of 119,762 units, Sterling Investments remained at 1.82 US cents with investors trading 10,736 stocks, Sygnus Credit Investments advanced 0.01 of one cent and ended at 7 US cents in switching ownership of 3,984 units. Sygnus Real Estate Finance USD share ended at 7.94 US cents with investors trading 1,954 shares and Transjamaican Highway fell 0.18 of one cent and ended at 2.29 US cents with 125,785 stock units crossing the exchange.

In the preference segmen, Sygnus Credit Investments US 8% rose 0.02 of one cent to end at US$8.5002 with a transfer of 5 shares, Sygnus Credit Investments US 8% lost 79.99 cents in closing at US$9.0001 after an exchange of 70 stock units and Sygnus Credit Investments E8.5% dropped 17 cents to close at US$9.73 with 40 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Big bounce for JSE USD Market

February 27, 2025 by
The Jamaica Stock Exchange US dollar market closed with a big bounce on Thursday, arising from exchange of 11 securities, up from eight on Wednesday with prices of seven rising, just two declining and two ending unchanged, and ending with the volume of stocks traded rising 7 percent with a 97 percent greater value than on Wednesday,

The market closed with an exchange of 302,740 shares for US$66,625 up from 277,858 stock units for US$9,056 on Wednesday.
Trading averaged 27,522 shares at US$6,057 compared to 34,732 stocks at US$1,132 on Wednesday, with a month to date average of 121,819 units at US$5,695 which is in line with 129,335 stocks at US$5,667 on the previous day but above January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index jumped 16.10 points to 225.97. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 9.7. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of a day of increase trades, AS Bryden increased by 4.5 cents to 21 US cents 1,000 stocks passed through the market, First Rock Real Estate USD share lost 0.6 of a cent and ended at 2.1 US cents with an exchange of 183,331 units, Productive Business Solutions climbed 5 cents in closing at US$1.45 with traders dealing in 18 shares. Proven Investments ended at 11.35 US cents in an exchange of 2,413 stock units, Sterling Investments popped 0.12 of a cent to finish at 1.82 US cents with investors swapping 250 shares, Sygnus Credit Investments gained 0.09 of one cent to end at 6.99 US cents with an exchange of 38,512 stock units. Sygnus Real Estate Finance USD share remained at 7.94 US cents with 599 stocks passing through the market and Transjamaican Highway rose 0.18 of a cent to finish at 2.47 US cents after an exchange of 63,991 units.

In the preference segment, JMMB Group US8.5% rallied 0.68 of a cent and ended at US$1.047 with investors dealing in 7,500 stocks. Productive Business Solutions 9.25% dipped 10 cents in closing at US$10.50 in switching ownership of 127 shares and Sygnus Credit Investments US 8% advanced 0.03 of one cent to close at US$8.5005 with 9 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

NCB is back in ICTOP10

February 24, 2025 by
The damage done to NCB Financial Group’s stock price by last year’s ill-fated public share issue continued unabated during the past week with the price hitting a multiyear low of $47.70 even as the group posted a solid 114 percent rise in profit for the first quarter to December to $2.6 billion up from $1.2 billion in 2023. The drop in price puts the stock back into the Main Market ICTOP10 and the ALL JSE TOP10.

The week closed with the Main Market index losing 1,770.19 points or 0.54 percent or points while the all Jamaica composite index declined by 0.75 percent or 2,847.1 points and the Junior Market lost 2.2 percent for a fall of 82.14 points. Market movements resulted in prices of just three stocks rising and five declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with two gains and four losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers was the only stock ending the week with a notable gain, up 7 percent to $2.76. Iron Rock Insurance fell by 7 percent to $3.61, Access Financial fell 5 percent to $17.07 and Elite Diagnostic fell 4 percent to $1.62.
In the Main Market ICTOP10, Key Insurance rose 9 percent to close at $2.40 and VM Investments rose 4 percent to $2.47 and Berger Paints declined 8 percent to $7.15.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with NCB Financial replacing Caribbean Producers.
Dolphin Cove after a long absence returns to the Junior Market ICTOP10, fallowing a big drop in price during the week, while Iron Rock Insurance returns after a week’s abscence. Dropping out ot the Junior Market Top 10 are Limners and Bards and Cargo Handlers. In the Main Market ICTOP10, VM Investments dropped out, replaced by NCB, with the price at an appealing level for long term investments.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.6, well below the market average of 15.7 and the Junior Market TOP10 stands at 7.8, more than half of the market, with an average of 13.1.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 272 percent by May 2025, providing better values than the Junior Market, projected to achieve a 170 percent increase for the same period.
In the Main Market ICTOP 10, there are 16 stocks with the highest values representing 31 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 25 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 31 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. 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.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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, 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.

Filed Under: Buy Rated, Feature Stories, JSE Combined, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

ICTOP10 stocks weathered a stormy week

February 17, 2025 by
The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.

Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
Dolla Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out. In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. 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.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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, 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.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,