Limners and Bards the latest IPO to hit the market, made it to the Junior Market TOP 10 with the potential to double in price, notwithstanding the critical information that is missing from the prospectus.
Jamaica Broilers returns to the main market list as Grace Kennedy graduated with a rise in the stock price. AMG Packaging released nine months results that showed 28 percent rise in pretax profit for the third quarter but that was not good enough. Earnings for the 2019/20 fiscal year, were downgraded to 20 cents per share. That level of earnings was not good enough to keep it in the TOP 10 list.
In the past week, the main market continues to hit new record highs, closing the week at another all-time high on its way to over 700,000 points for the All Jamaica Index. 
Momentum continues to move the market away from long-term resistance at 520,000 points.
The Junior Market is struggling, with few new company results out to help with upward move. Fontana and Elite Diagnostic two TOP 10 listings hit new record highs during the week with a few others hitting 52 weeks’ lows.
Junior Market stocks continue to struggle to get investors’ attention. With the market consolidating and the expectation of mostly positive results to the market is poised for a takeoff soon with the market highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with gains of 243 percent, followed by Caribbean Producers with projected gains of 233 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Radio Jamaica with expected gains of 173 percent and Sygnus Credit Investments in third spot with the potential to gain 154 percent by March next year.
The main market, closed the week with the overall PE at 15.6 and the Junior Market remains for the second week at 10. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 28 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have interest in the securities commented on.
Gwest Corporation closed 3 cents higher at 84 cents, with 167,462 stock units trading, but traded at an all-time low of 70 cents earlier in the trading session. Honey Bun ended market activity exchanging 87,841 shares to close at $6 after falling 21 cents, iCreate Limited ended with a loss of 1 cent at 71 cents with 551,200 stock units changing hands, Jamaican Teas shed 5 cents in trading of 36,000 units at $4.45, Jetcon Corporation lost 5 cents in exchanging 7,813 shares to close at $1.95. Knutsford Express lost 50 cents trading 108,090 units to close at $11. Lasco Distributors declined 30 cents trading of 466,362 units to end at a 52 weeks’ low of $3. Lasco Manufacturing lost 4 cents in exchanging 103,219 units at $4.06, Medical Disposables climbed 9 cents and exchanged 12,999 shares at $7.09, Main Event ended trading with 6,882 shares, after rising 99 cents to end at $6.70 and Stationery and Office Supplies ended market activity with 2,500 shares changing hands to close at $9.15 after falling 65 cents.
Gwest Corporation ended trading with 146,416 shares, after rising 1 cent to end at 81 cents, iCreate closed 2 cents higher at 72 cents, with an exchange of 50,704 stock units, Indies Pharma exchanged 165,048 shares, after rising 5 cents to end at $3.06, ISP Finance traded 5,000 shares, after rising 20 cents to end at $13.85. Jamaican Teas closed 9 cents higher at $4.50, with 164,588 stock units changing hands, Lasco Distributors fell 10 cents in trading 43,349 units at $3.30, Lasco Manufacturing closed 1 cent higher at $4.10, with 26,900 stock units trading and Stationery and Office Supplies climbed 79 cents to $9.80, with an exchange of 94,378 stock units. In the junior market preference segment, CAC 2000 shed 25 cents in trading 80,114 units at 52 weeks’ low of 90 cents.
KLE Group lost 40 cents in trading of 7,700 units in closing at a 52 weeks’ low of $1.70. Caribbean Cream climbed 70 cents and exchanged 8,895 shares at $5.50, Lasco Distributors ended trading with 16,523 shares, after rising 20 cents to close at $3.40, Lasco Financial closed with a loss of 10 cents at $4.50, in swapping 39,324 shares, Lasco Manufacturing ended with a loss of 1 cent at 4.09 with 3,653,139 stock units changing hands. Medical Disposables closed trading of 14,410 units and gained 30 cents to end at $7, Paramount Trading ended with a loss of 1 cent at 1.80 with 14,879 stock units trading, Stationery and Office Supplies closed with a loss of 34 cents at $9.01, trading 6,156 shares and tTech closed 30 cents higher at $5.50, with 4,024 stock units trading.
Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with an exchange of 1,085,258 units valued $4,012,944 compared to 1,842,715 units valued at $6,647,469 on Friday. 
Jamaican Teas closed 16 cents higher at $4.56, with 21,998 stock units trading, Key Insurance gained 3 cents to end at $3.03 trading of 9,015 units, KLE Group lost 25 cents in trading 3,570 shares to close at 2.10 cents, Knutsford Express fell $1.29 trading of 7,850 units to end at $11.51. Lasco Financial shed 11 cents in trading of 43,799 units at $4.49, Lasco Manufacturing lost 13 cents in trading of 19,632 units at $4.01. Main Event declined $1.29 in trading of 8,927 units at $5.71, Paramount Trading added 1 cent in exchanging 16,235 shares at $1.81, Stationery and Office Supplies closed with a loss of 30 cents at $9.50, swapping of 9,177, shares and tTech ended market activity exchanging 4,175 shares to close at $4.80 after falling 70 cents.
There was just one change to the TOP 10 lists this past week with Grace Kennedy coming in for Jamaica Broilers in the main market. Junior are now in the upper half of the Junior Market, both are now supported by 2020 earnings that are higher than for the year just ended. Earnings of former TOP 10 listing, Wisynco Group with switch to 2020 fiscal year earnings now sits outside the Top 10 but is still an attraction at number 16, but the stock came under selling pressure this past week.
General Accident closed trading of 27,750 units and gained 25 cents to end at $4.45. Gwest Corporation declined by 3 cents to settle at an all-time low of 95 cents, Indies Pharma dipped 17 cents in trading of 556,867 units at $3.01, Jetcon Corporation lost 2 cents in trading 71,005 shares to close at a 52 weeks’ low of $1.68. Knutsford Express ended trading of 6,808 shares, after rising 1 cent to end at $12.80, Lasco Distributors concluded trading of 76,744 units with a rise of 5 cents to close at $3.40, Lasco Financial climbed 50 cents and exchanged 18,927 shares to close at $4.60. Lasco Manufacturing fell 6 cents in trading of 123,546 units to finish at $4.14, Main Event ended trading with 1,450 shares, after rising 48 cents to end at $7 and Stationery and Office Supplies climbed 10 cents and exchanged 9,934 shares at $9.80.
Indies Pharma climbed 14 cents and exchanged 82,496 shares at $3.15. Iron Rock Insurance climbed 15 cents and exchanged 3,002 shares at $3.50, ISP Finance closed at $17 with an exchange of 3,200 shares, Jamaican Teas ended trading with 15,333 shares, after rising 54 cents to end at $4.40. Key Insurance traded 8,867 shares at $3.35, Lasco Distributors fell 10 cents in trading of 415,716 units at $3.30, Lasco Financial closed with a loss of 60 cents at $4.10, in trading of 383,802 shares, Lasco Manufacturing closed at $4.25, with an exchange of 651,176 stock units. Main Event ended at $6.10, trading 34,859 stock units and Medical Disposables declined 2 cents in exchanging 30,500 units at $6.70 and Derrimon Trading preference shares saw 2,000 units crossing the exchange at $2.
At the close of the market, Access Financial dipped 30 cents in trading of 720 units at $46, AMG Packaging closed trading of 25,100 units and gained 1 cent to end at $2.06, Blue Power decline 5 cents in trading of 3,000 units at $4.95. CAC 2000 settled at $15 with only 7,000 stock units trading, Caribbean Cream ended market activity exchanging 31,682 shares to close at $5 after falling 25 cents, Cargo Handlers traded 1,2598 shares at $9.50, Caribbean Producers exchanged 9,986 shares at $4.90, Consolidated Bakeries closed 23 cents higher at $2, with 10,000 stock units trading. Derrimon Trading close with a loss of 3 cents at $2.49, after swapping 294,634, shares, Dolphin Cove dipped 25 cents in trading of 793 units at $11.75. Elite Diagnostic closed 10 cents higher at $4.10, with 95,751 stock units trading, Everything Fresh ended trading with 200,100 shares, after rising 11 cents to end at $1.48, Express Catering ended trading with 36,396 shares, to end at $6.70. FosRich Group ended with a loss of 1 cent at 4.49 with 21,629 stock units changing hand. Fontana closed trading of 144,842 units and gained 35 cents to end at $5.60, GWest Corporation fell 16 cents in trading of 155,689 units to close at $1.05 after the company reported a big loss for the year ended March, Honey Bun shed 5 cents in trading of 28,300 units at $6.60. iCreate ended with an exchange of 142,800 shares, after rising 1 cent to end at 73 cents, 
Indies Pharma closed with a loss of 9 cents at $3.01, in trading 200,000 shares, Iron Rock closed with a loss of 15 cents at $3.35, exchanging 25,000, shares, ISP Finance lost $2.63 in trading just 300 units at $17. Jamaican Teas shed 39 cents in trading 302,054 units to close at $3.86, Key insurance traded 2,000 shares to close at $3.35, Knutsford Express closed trading of 18,800 units and gained 29 cents to end at $12.79, Lasco Distributors ended trading with 129,119 shares, to end at $3.40, Lasco Financial fell 30 cents with 187,457 units changing hands at $4.70. Lasco Manufacturing closed at $4.25, with an exchange of 8,209 stock units, Main Event closed 39 cents higher at $6.10, with 30,891 stock units trading and Medical Disposables rose 2 cents to $6.72, trading 6,236 stock units.
Everything Fresh and Main Event eased out of the Junior Market listing. Earnings of Wisynco Group, a former TOP 10 listing, have also been switched to 2020 fiscal year earnings, but with the price having risen strongly this year, potential gains will not be sufficient to put it in the list any time soon.
Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
