SOS SEEK’s factory opening March 27


Stationery and Office Supplies will officially opens its newly completed SEEK book manufacturing and storage facility, on March 27. A landmark investment amounting to over $150 million, significantly expands the company’s production capacity as it enters a new phase of expansion and growth in its book production business.
Stationery & Office Supplies hit a record high on Friday.

Stationary & Office Supplies – Montego Bay office.

The new facility, located at 26 Collins Green Avenue, and close to the Stationery and Office Supplies offices on Beechwood Avenue, encompasses 8,000 square feet of dedicated manufacturing and storage space, built at a cost exceeding $150 million. The expansion increases SEEK’s operational floor space by 300 percent, providing the room needed to scale production, house new machinery, and build inventory buffers to support both local and regional demand. Management indicates that the plant has the capacity to supply Jamaica with the total needs of exercise books with capacity for export.

Following headwinds in the Books segment in 2025, revenues declined to $76 million from $106 million in 2024, due problems with machinery and disruption to sales due to damage caused by Hurricane Melissa in the western section of the island.

Stationery & Office Supplies new book making operation.

With new machinery now tested and staff fully trained, the company is already seeing a meaningful step-up in production volumes and improved unit economics as the facility scales up. The investment also aligns with SOS’s broader sustainability agenda in broadening the portfolio of products for sales locally and in the wider Caribbean.
Reduction in Seek sales during the year helped in keeping revenues for SOS to $23 million more than the $1.84 billion in 2024, with 2025 ending at $1.87 billion. Stationery and other items also contributed less revenues than in 2024, with sales slipping $65 million from $506 million to just $441 million in 2025.

Main Market rallies, Juniors fall


Trading levels dropped sharply on Monday compared with Friday on the Jamaica Stock Exchange and ended with rising stocks pushing the Main Market indices higher at the close at the same time that the Junior Market and JSE USD Market Indices declined with prices of 30 shares rising, 54 declining and 28 remaining firm.

At the close of the market, the JSE Combined Market Index climbed 1,741.14 points to 348,497.55, the All Jamaican Composite Index advanced 2,550.43 points to end at 388,944.62, while the JSE Main Index rose 1,899.29 points to end at 336,118.40, the Junior Market Index lost 10.47 points to close at 3,775.78 after trading above 3,800 points in the morning session and the JSE USD market slipped 3.46 points to end at 241.51.
At the close of trading, 8,400,039 shares were exchanged in all three markets, down from 40,699,662 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to just $39.95 million, down from $253.59 million on the previous day and the JSE USD market closed with an exchange of 169,339 shares for US$9,714 well short of the 249,958 units at US$17,257 on Friday.
In Main Market activity, Transjamaican Highway led trading with 1.76 million shares followed by Radio Jamaica with 1.10 million stocks and Wigton Energy with 423,488 units.
In Junior Market trading, Kintyre Holdings led with 451,123 shares followed by One Great Studio with 437,158 stocks and EduFocal with 418,499 units.
In the preference segment, Jamaica Public Service 7% sank $2.50 in closing at $41, 138 Student Living preference share lost $20.38 to close at $224 and Productive Business Solutions 10.5% preference share dropped $63 to finish at $1,050.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14 based on 2024-25 projected earnings and 20.4 based on estimated 2024 earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help in decision-making. The PE ratio chart covers all the ordinary shares that  are listed on the Jamaica Stock Exchange grouped into industries, allowing for an easy comparison within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them 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 net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Main Market under water in 2025 Juniors above


The Main and Junior markets of the Jamaica Stock Exchange ended the first month of 2025 with gains but the US dollar Market slipped as trading level fell from activities on Thursday, resulting in Main Market major indices falling and closing the month lower than the end of 2024, the Junior Market index ended the month at the highest level for the year to date and higher than the 2024 close and the JSE USD Market declined. At the end of trading the prices of 52 shares rose, 27 declined and 32 remained firm.

At the close of the market, the JSE Combined Market Index increased 1,673.87 points to finish at 346,756.41, the All Jamaican Composite Index rallied 2,039.04 points to 386,394.19, the JSE Main Index gained 1,440.86 points to end at 334,219.11, the Junior Market Index rose 41.28 points to end at 3,786.25 and the JSE USD Market Index fell 2.30 points to 244.97.
At the close of trading, 40,699,662 shares were exchanged in all three markets, down from 47,757,958 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $253.59 million, down from the hefty $1.02 billion on the previous day and the JSE USD market closed with an exchange of 249,958 shares for US$17,257 compared to 112,384 units at US$52,111 on Thursday.
In Main Market activity, Wigton Energy led with 8.62 million shares followed by Carreras with 5.13 million stocks and Transjamaican Highway with 2.13 million units.
In Junior Market trading, Lasco Financial led with 7.03 million shares followed by Stationery and Office Supplies with 2.58 million stocks and Regency Petroleum with 2.08 million units.
In the preference segment, Productive Business Solutions 10.5% preference share gained $63 and ended at $1,113.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.1 on 2023-24 earnings and .20.4 based on 2024-25 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry and allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them 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 net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

The JSE Market fell to start February’s trading

The Main Market index and the JSE USD market index of the Jamaica Stock Exchange eked out gains to start February but the Junior Market slipped at the close of trading on Thursday with market activity and ended with the number of shares and the value changing hands falling below the previous trading day’s levels and ended with 25 shares rising and 44 declining.
At the close of trading, the JSE Combined Market Index rose 258.54 points to close at 341,720.39, the All Jamaican Composite Index sank 266.16 points to 365,561.82, the JSE Main Index popped 608.95 points to conclude trading at 329,084.04. The Junior Market Index declined 35.69 points to 3,778.49 and the JSE USD Market Index popped 1.75 points to cease trading at 251.01.
At the close of trading, 24,848,411 shares were exchanged in all three markets, down from 35,568,273 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $94.99 million, down from $134.96 million yesterday and the JSE USD market closed with an exchange of 393,307 shares for US$18,728 up from 15,298 units at US$860 on Wednesday.
Main Market trading was dominated by Wigton Windfarm led trading with 4.53 million shares followed by Transjamaican Highway with 2.04 million units and Sagicor Select Financial Fund with 1.17 million stocks.
In the Junior Market, Stationery and Office Supplies led trading with 2.92 million shares followed by EduFocal with 2.67 million units, MFS Capital Partners ended with 2.55 million stock units and Lasco Manufacturing with 2.20 million shares.
At the close of the market, the major Main Market stocks rising are Eppley Caribbean Property Fund rallied $2.01 to close at $40, Massy Holdings popped $3.05 and ended at $93.05.
The major declining Main Market stocks include Caribbean Cement that fell $3 and ended at $54, Guardian Holdings declining $3 to end at $367, Jamaica Producers shedding $2.39 in closing at $21.61, JMMB Group losing $2.03 to end at $23.97 and Sagicor Group dropping $1 to end at $43.98. Scotia Group skidded $1.59 in closing at $41 and Wisynco Group dipped $1.40 to end at $21.10 with traders dealing in 80,737 shares.
Stocks ending with major gains in the Junior Market are AMG Packaging that popped 30 cents and ended at $2.92, Cargo Handlers advancing $1.92 to $14.92 and Main Event which rose 96 cents to end at $16, with major losing stocks being Dolphin Cove down 80 cents to close at $18.20, Fosrich dipping 37 cents in closing at $2.10, MFS Capital Partners skidding 38 cents to $2.32 and Spur Tree Spices that shed 38 cents to $2.50.
In the preference segment, Eppley 7.75% preference share skidded $3.45 in closing at $19.50, 138 Student Living preference share rose $18.72 and ended at $211 and Productive Business Solutions 10.5 % preference share shed $125 to close at $1,075.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 14.1 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully 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 decisions when 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 place them 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 net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.

JSE markets fall to close out the week

All three markets of the Jamaica Stock Exchange slipped at the close of trading on Friday as trading ended with a reduced volume of shares being exchanged, with a lower value than on Thursday, with a few stocks trading with sizable price movements on a day when prices of 27 stocks rose and 31 declined.
At the close of  the market on Friday, the Composite Index shed 465.78 points to end at 356,593.80. The JSE Main Index lost 723.40 points to conclude trading at 321,375.67. The Junior Market Index slipped 2.31 points to 3,729.58 and the JSE USD Market Index sank 3.74 points to lock up trading at 237.32.
At the close of trading, 12,488,845 shares were exchanged in all three markets, down from 17,340,719 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $97.58 million, down from $109.09 million on Thursday and the JSE USD market closed with an exchange of 649,338 shares for US$15,760 compared to 156,654 units at US$16,462 on Thursday.
Main Market trading was dominated by Transjamaican Highway which led trading with 2.47 million shares followed by Wigton Windfarm with 1.29 million units and Jamaica Producers with 955,735 units.
In the Junior Market, ONE on ONE Educational led trading with 1.19 million shares followed by EduFocal with 910,630 units and Stationery and Office Supplies with 437,366 units.
At the close of the market, some of the major Main Market stocks that rose are NCB Financial rose $1.89 to $67.99, Pan Jamaica gained $4.45 in closing at $50.
The major declining Main Market stocks include AS Bryden sank $2 in closing at $41, Caribbean Cement lost $3.68 to close at $51.32, Jamaica Producers dropped $5 to $22 and Seprod skidded $3.70 to $82.
On a day of limited price movement in the Junior Market, the major stocks with gains are Dolphin Cove gained $1.49 to $19.50, KLE Group climbed 51 cents to end at $1.85, Knutsford Express rose $1 in closing at $12 and Main Event advanced $1 to $16. No stocks ended with a major loss on Friday.
In the preference segment, 138 Student Living preference share climbed $24.28 to $192.28.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 2… on 2022-23 earnings and 1… times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully 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 decisions when 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 place them 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 net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.

JSE markets fall in welcoming July

All three markets on Jamaica Stock Exchange closed lower on Monday, but the Junior Market made solid gains throughout the trading session after it opened down to just over 3,909 points within minutes of opening, thanks to a big jump in the prices of Fontana and Stationery and Office Supplies, the market index ended much higher at the close, but the Main and the USD Market suffered sharp reversal to Friday’s close.
At the close, the JSE Combined Market Index dropped 2,842.58 points to close at 343,439.95, the All Jamaican Composite Index dived 3,768.45 points to 366,805.48, the JSE Main Index declined 2,896.62 points to finish at 329,138.31. The Junior Market Index lost 15.27 points to close at 3,968.96. The JSE USD Market Index fell 7.39 points to close at 249.01.
Preference shares with notable price movements but not in the Main Market TOP10 graphs are Jamaica Public Service 7% shed $9.50 and ended at $57.50 and 138 Student Living preference share advanced $3 in closing at $88.
At the close, investors exchanged 24,673,817 shares, in all three markets, down sharply from 48,899,684 stocks on Friday. The value of stocks trading in the Junior and Main markets was $192.4 million, down from $307.37 million on Friday. Trading on the JSE USD market ended with investors exchanging 1,296,152 shares for US$10,636 down from 179,896 units at US$10,636 on Friday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.8 times those for 2023-24 at the close of trading. Investors need pertinent information to successfully navigate numerous 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 decisions when 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 and shows companies grouped per industry, 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
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.

Stock split news lift SOS to a record $26

Investors in office supply Junior Market listed company Stationery and Office Supplies are having a grand time, with the company reporting two highly profitable years with 2023 starting off on a promising note for another year of record profits.

Stationery & Office Supplies hit a new high after the proposed stock split announcement.

Over the past year, shareholders will receive dividends amounting to 38 cents per share with the second payment in July. To add icing to the cake, the announcement on Monday that the board of directors will meet on Wednesday to consider a stock split has pushed the share price to a record high of $26 in early trading on Tuesday, with an increase of 52 percent for the year to date on top of 179 percent gain in 2022. Up to late May, the stock was trading in the $15 region, a level that it was at for weeks.
In premarket trading there were several bids amounting to over 306,000 units at $26, the maximum the stock will trade at initially, against 23,811 on offer up to $26. Trading in the stock is halted until 10:30 but currently, there are 21 bids at $26 to buy 282,981 shares. On the other hand, the lowest offer is at $30.50 with 23,000 units, followed by 575 shares at $34.96 and 28,774 units at $35.01 and then 42,277 stock units at $44.97.

SOS directors to consider splitting the stock

The board of directors of Stationary & Office Supplies informed the Jamaica Stock Exchange that they will meet on Wednesday, June 21st to discuss and consider whether or not to recommend a stock split to the company’s shareholders.

SOS is likely to split stock in 2023.

According to the release, “the market value of the company’s stock has been on a consistent growth trajectory and the liquidity of the stock is also a significant consideration.”
At the last annual general meeting the CEO, Allan McDaniel stated that they were reviewing the matter of a stock split on an ongoing basis but that trading in the stock was fairly liquid as such there was no need to make the adjustment then.
ICInsider.com gathers that the $20 was likely to be the trigger point for a split. Last week the stock traded at $24 but pulled back to $20 where it is now trading, but if history is anything to go by, the price is likely to climb in Tuesday’s trading. With profits for the current year likely to hit nearly $2 per share and around $3 in 2024, that could push the price between $30 and $40 this year and $50 to $60 next year, a split in the order of 10 could place the price closer to where Junior Market investors could find the stock reasonably priced and encourage greater trading in it. A 10 to 1 split would lift the issued shares to just over 2.5 billion units which would be within a level that would facilitate a great deal of liquidity for a number of years, but the price could be back in the teens again in 2024. Even a 5 for 1 would result in an enhanced level of liquidity with just over 1.25 billion units in issue and push it to 16th Junior Market company in terms of the number of issued shares and 6th if a 10 to 1 split was to be approved. The prospects of profit jumping sharply in 2024, if achievable and seen by management as likely then a 10 to 1 split would seem to be the better option.
The split if approved by the directors, would require ratification by shareholders at a general meeting and that is likely to be at the company’s upcoming general meeting.
The next stock split could well come for Cargo Handlers, with thin trading currently with the price now in excess of $20. Dolphin Cove seems to be shaping for a possible spilt as well but that would be more likely down the road.

Is SOS the next stock Split?

Business has been great for Stationery and Office Supplies (SOS) over the past two years, with sales rising 55 percent over 2021 last year and 16 percent over the covid-19 affected 2020 in 2021 and is up 22 percent for the first quarter to March this year.

The surge in sales drove pretax profit excluding one-time income, up 34 over last year on top of a 151 surge in 2022 over 2021. While the company has started 2023 positively, reports are that its first shipment of goods to Cayman Island, which is expected to be an ongoing trade, has been sent off and that, in addition to its connection with Trinidad and Tobago that started in the latter part of 2022 and reports indicate that arrangement is in place for regular shipments to a third Caribbean country.
The stock had nearly two million units on offer up to June 5 at just under $16, but investors aggressively bought 1.5 million on that day and the stock has since seen limited supply on offer. The $20 price level is believed to be the trigger point for the directors to seriously consider recommending splitting the stock to shareholders. The stock price hit a 52 weeks’ high on Monday when it traded a small quantity at $21 and closed there again on Tuesday after 10,230 shares were traded. The stock price is up 22 percent this year and trades at a PE of 11 times 2023 earnings, but has more room to grow, with a PE of 15 putting the price within reach of $30.

SOS executives

More than 91 percent of the issued share are in the hands of the top 10 shareholders, thus reducing the potential supply that can come to the market with only 250 million shares issued. At the close of Tuesday’s trade, stocks on offer below $25 amount to 7,200 units, with 80,000 on offer at $25. After that, the bids start at $35.
Stock splits are popular among investors in Jamaica, with each announcement accompanied by a hike in the price of the relevant stock.
The door is left open for a resolution to be put to the company’s upcoming AGM for a stock split, as the annual report filed with the JSE stated that the date of the AGM was to be determined.

ICTOP10 Image Plus price jump 9%

With interest rates softening, some life has entered the Jamaica stock market, with the Junior Market posting gains for a second consecutive week, but the Main Market suffered a mild retreat following notable increases in the last week of April as several ICTOP10 stocks posted solid gains, including Image Plus that posted impressive full year results at the end of the previous week.

Dr. Karlene McDonnough – Chairman of Image Consultants Ltd.

The week ended with several sizable winners in the ICTOP10 and one big loser. Lasco Distributors rose 13 percent to lead the winning stocks, followed by Everything Fresh with a strong 11 percent climb to $1.66, Consolidated Bakeries rose 10 percent to $2.39, Image Plus rallied 9 percent and iCreate rose by 5 percent to $1.47 and fell out of the ICTOP10 and is replaced by Jamaican Teas. Iron Rock Insurance fell 18 percent to close at $1.88 and General Accident slipped 6 percent to $5.08, being the only two losers of significance.
The price of Main Market listed Berger Paints rose 10 percent to $8.30, Caribbean Producers gained 8 percent in closing at $10.56, with the stocks seemingly poised to get back to the $12 region sooner than later as the supply of stocks being sold below $13 has virtually dried up. 138 Student Living popped 6 percent to $5.35, JMMB Group fell 6 percent to $29.60, and Jamaica Broilers slipped 4 percent to $35.70.
Stocks are being prepped to rally, with signals that interest rates will be declining across the board sooner. This stems from the continued slide of BOJ CDs rates since March, which saw the rate falling by 25 percent to 8 percent this past week. Lower interest rates are around the corner, which will be positive for stocks and the signs are already showing.
At the previous week’s close, Image Plus released solid full year results showing profit after tax that jumped 125.6 percent to $213 million or 21 cents per share. Based on those numbers, ICInsider.com revised earnings for the current fiscal year to 35 cents from 30 cents previously. On Monday, the company reported revised results, with the profit being even higher at $252 million, with a reduction in the amount previously booked as professional fees. Based on the revision, projected earnings were raised by the publication to 40 cents per share for the current fiscal year. The stock sits at the number three spot in the ICTOP10. The revision raises some serious questions about how such matters escaped the directors, auditors and the financial controller before the audited financial statements were released.
Dolla Financial fell out of the TOP10 at the end of the previous week and this past week released impressive first quarter results that excited investors who responded well to them by driving the price to close the week at $2.89, with the price hitting a high of $2.99 on Friday. The company seems poised to deliver ICInsider.com forecasted earnings of 40 cents, provided they obtain loans on a timely basis to on lend.
The Junior Market’s long history of rising around a month before the release of quarterly results and declining shortly after results are released seems to be starting with a rise of 108 points in the market index in the previous week with more this past week, with the supply of some stocks continuing to fall sharply.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.5, well below the market average of 13.5. The Main Market TOP10 is projected to have an average of 273 percent, to May 2024, based on 2023 forecasted earnings.
The 16 highest valued Main Market stocks are priced at a PE of 15 to 110, with an average of 28 and 19 excluding the highest PE stocks and 20 for the top half excluding the stocks with the highest valuation.
The Junior Market Top 10 PE sits at 5.7 compared with the market at 11.5. There are 12 stocks, or 25 percent of the market, with PEs from 15 to 26, averaging 20, well above the market’s average. The top half of the market has an average PE of 16, suggesting that this may currently be the lowest fair value for Junior Market stocks. Junior Market is projected to rise by 258 percent to May 2024.
The differences between the average PE ratio of the Main and Junior Markets and the overall market valuation are important indicators of the likely gains for ICTOP10 stocks.
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.
IC TOP10 stocks will likely 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, 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.