Big gains for 7 T&TSE stocks


After years of declines, the TTSE market recorded gains for the year through to the end of this week, with the Composite Index rising 7.6 percent and the All T&T Index rising 6.3 percent.

The positive outcome arose from sharp gains in the prices of seven stocks, with Trinidad & Tobago NGL topping the list with a jump of 284 percent, followed by National Enterprises with 138 percent gain.
In the past four weeks, rising stocks pushed the market higher, with solid price gains in First Citizens, up $1.30, Guardian Holdings rising 56 cents, Republic Holdings with an increase of 50 cents and West Indian Tobacco climbing $1.26. Stocks also suffered sizable declines; amongst the list are Ansa McAl with a fall of $2, Endeavour Holdings down $1, Agostini falling $1.65 and Prestige Holdings slipping 45 cents.

Notwithstanding the solid gains for the year to date, the PE chart shows several stocks being highly undervalued. These include Guardian Holdings, Republic Holdings, Scotiabank, National Flour, Massy Holdings, Trinidad Cement, Eric Solis and West Indian Tobacco.

Several undervalued Trinidad stocks


The Composite index of the Trinidad and Tobago Stock Exchange suffered a marginal decline during the Labour Day shortened week, while the All Trinidad and Tobago Stock Exchange index rose moderately to close of the shortened week.

The market movement was influenced by a $1 gain in First Citizens Group to close at $38.50, a 90 cents rise in Republic Holdings shares to close at $108.50 and was helped by a $2.08 jump in the price of Ansa McAl to $49.00, Medcorp climbed $2.75 to $43.75 and Prestige Holdings rose $1.25 to end at $12.25. Weighing down the market were Endeavour Holdings, down $2 to $16, National Enterprises slipping 57 cents to $4.80, Agostini losing 35 cents to end at $59.15 and AS Bryden falling 30 cents to $1.50.

Many investors are scared of markets that are declining or in the early stages of a market recovery. Due to this fear, they miss many opportunities for above average returns on investments for failing to invest when prices are depressed.        

The PE chart shows several stocks as being highly undervalued. These include Guardian Holdings, Republic Holdings, National Flour, Trinidad Cement and Eric Solis, to name some of the highest undervalued ones.

3 weeks of gains for Trinidad Stock Exchange

First Citizens Group Financial Holdings.

Stocks started the new year the way the ended the old, with the market indices rising into 2025 at the close of the first week of the year, rallying for a third consecutive week with the Trinidad and Tobago Stock Exchange, All Trinidad Index closing 1.8 percent higher for the week and the Composite index popped 0.7 percent, with prices of just 6 stocks rising and 8 declining, compared with 10 rising and 3 declining last week.
The average PE ratio of the market, closed at 7.87, compared to 5.5 based on the current year’s earnings, with the difference graphically illustrating the market’s current undervalued level and by extension the upside potential ahead. In a week when price movements were mostly moderate, the financial sector enjoyed notable price gains as First Citizens Bank gained $2.45 in closing at $42.90, Scotiabank climbed $2 to $59 and Republic Holdings was up $1.17 to $114.

At the same time, CIBC Caribbean slipped 35 cents to $8.15 and Agostini’s lost 50 cents to close at $67.50.
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 200 percent, the undervalued Guardian Holdings, with a 430 percent potential, Republic Holdings at 160 percent, First Citizens Bank 100 percent, Massy Holdings now at 50 percent, Trinidad Cement with 300 percent. Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.
Investors should watch Prestige Holdings with the potential to gain 80 percent and Trinidad and Tobago NGL with a potential gain of 230 percent.