Kremi surges to top IC TOP 10

October 8, 2018 by

Caribbean Cream outlet in Kingston.

Investors pushed Caribbean Cream down to $6.16 on Friday to surge to the top of the list this week, while Stanley Motta was pushed down to $4.50 to reenter this Top 10 stock list.
JMMB Group jumped sharply to close at a new record high of $37 on Friday and was pushed out of the top tier main market list while Iron Rock shot to a record $5 and dropped out of the Junior Market listing. The market could be making a big mistake with Stanley Motta that is clearly undervalued. IC Insider.com upgraded Caribbean Cream earnings to 85 cents from 70 cents with a sharp fall in the price of milk solids since May by nearly 24 percent that should cut the direct input cost of producing ice cream.
Gains in the two markets are driving the PE ratio of the market higher with the overall PE for the Junior and main market, both rising to 15.8 as of Friday, up from just over 15 last week, as the valuation multiple grows with historically low interest rates and high liquidity abounding in the financial market.
The PE ratio for Junior Market Top 10 stocks average 9.2 and the main market PE is now 9.4, just marginally lower than the prior week’s level, even as the market continues to see an upward revaluation of the multiple.
The TOP 10 stocks now trade at an average discount of 42 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 40 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.

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Watch Grace this week

October 1, 2018 by

Grace Kennedy could move up this week.

The main stocks of interest this week are Grace Kennedy, Stationery and Office Supplies, CAC 2000, NCB Financial, Caribbean Cream, Main Event, Wisynco and Berger Paints, most of these have limited supplies.
With the average PE of the market now exceeding a comfortable 15 times 2018 earnings and rising, stocks valued less than the market average, could see increased interest as investors look for bargains.
Bulls continue to push the Jamaican stock market, to new heights last week as low interest rates and good profits help push investors into stocks against the back ground of limited selling.
The supply of several of the main market stocks are extremely scarce and that is working in market favour to move much higher, before too long. There are several stocks priced well below the market’s average and that could encourage buying interest in them as well.
NCB Financial went sideways for around two weeks but bids started building close to the closing prices last week and that could help it move higher this week.
Grace Kennedy seems ready to break out of the $60 range as there is no supply on offer now. Caribbean Cement

keeps trading between $46 and $50, but there appears no real desire to move the price forward. Kingston Wharves has always had limited supply, so it could move higher going forward. Supply of JMMB Group have dried up and that could create the environment for the price to move higher.
An overall view of stocks indicates that the main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below, but the 400,000 points resistance could likely stall the rally in the main market for a while. The Junior Market that traded recently at an all-time high, is being steered by an upward rising long-term support line and a golden cross. The golden cross is a very strong bullish long-term signal.

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JMMB & Honey Bun now in IC TOP 10

October 1, 2018 by

Honey Bun and Medical Disposables are in this week’s Top 10 Junior Market stocks replacing Main Event and CAC2000. In the main market, Sygnus Credit and JMMB Group are back in the top tier stocks and out goes Stanley Motta and Sterling Investments.
Sterling Investments, a very long time TOP 10 listing hit a record $22.50 this past week, as investors continued to applaud the recently announced 3 for 1 stock split. In the Junior Market, CAC2000 closed at $15 and ended trading with no stock on offer. The stock seems poised for stock split, to create more liquidity and is set to trade higher this week with buying orders in for 139,000 shares at $15. The price of Stanley Motta climbed to $5.27 during the week from $4.81 in the previous week and exited the main market list.
Barita Investments and Berger Paints, long time TOP 10 listees, moved up in price during the week but still remain in the listing at position 7 and 9 respectively and could be out by the end of this week, if current demand continues.
Gains in the two markets are driving the PE ratio of the market higher with the overall PE for the Junior Market rising to 15 and the main market to 15.3 as the valuation multiple grows with historically low interest rates and high liquidity abounding in the financial market.
The PE ratio for Junior Market Top 10 stocks, average 9.3, similar to last week’s level, as the market continues to revalue the multiple higher, the main market PE is now 9.5, up from 9.1 last week, for the top stocks.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be, at 20 times earnings. The main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , ,

Several stocks to watch this week

September 24, 2018 by

NCB Financial stock closed at $110 after hitting $125 on Friday.

The main stocks of interest this week are Stationery and Office Supplies, CAC 2000, NCB Financial, Caribbean Cream, Main Event and Wisynco, most of these have limited supplies.
Barita Investments that was highlighted as a stock with main stock to watch this past week, moved $12.95, to end at $18.50 after it traded as high as $19.50. The movement in the price resulted in Cornerstone more than doubling their investment in the company within a short time frame. While it is not listed as a lead stock to watch this week, the stock has much more room to grow over the coming months as demand increases and supplies decline as the potential for much increased profit unfolds.
Bulls pushed the Jamaican stock market, to new heights last week, with the main market having 12 straight days of record highs and the Junior Market moving to new highs as well.
The main moved within 1,600 points of the All Jamaica Composite Index 400,000 points last week but pulled back from what is a major resistance point. The supply of several of the main market stocks are extremely scarce and that is working in market favour to move much higher, before too long. There are several stocks priced well below the market’s average and that could encourage buying interest in them as well.
Investors should keep their eyes on a number of stocks as some may move and others may trade in a narrow band. NCB Financial closed on $110, could move higher but there is a big gap between the offer prices and the bids and this seems likely to maintain volatility in the price for a while.
Grace Kennedy may not be ready to break out of the $60 range as yet but it’s a stock to keep an eye on. Caribbean Cement keeps trading between $46 to $50, but there appears no real desire to move the price forward. Kingston Wharves has just 9,700 units on offer up to $75, with 200,000 on the bid at $68.51, so it could move back to the $75 price this week. Supply of JMMB Group have dried up and that could create the environment for the price to move higher.
An overall view of stocks indicates that the main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below, but the 400,000 points resistance could likely stall the rally in the main market for a while. The Junior Market that traded recently at an all-time high, is being steered by an upward rising long-term support line and a golden cross. The golden cross is a very strong bullish long-term signal.

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Main Event & Stanley Motta in IC TOP 10

September 23, 2018 by

Main Event returns to IC TOP 10.

Main Event fell to $5.50 on Friday and climbed back into the Junior market IC TOP 10 stock listing, while Recently listed Stanley Motta climbed on board the main market list.
Moving on out of the top 10 are JMMB Group with a rise in the bid price to $32.70 and Caribbean Cream that closed the week at $7.90, from $6.50 last week. Both are worth watching for more gains in the coming week. Barita Investments and Berger Paints long time TOP 10 listees, moved up in price during the week but still remain in the list but could be out by the end of the coming week if current demand continues.
During the past week, the main market of the Jamaica Stock Exchange, racked up more record closes but pulled back on sharply on Thursday and Junior market hit new highs during the week but dropped sharply on Friday due mainly to Lasco Distributors falling to $3.35 and Express Catering dropping to $6.40 before rebounding at the close.
Gains in the two markets are driving the PE ratio of the market higher with the overall PE for the Junior Market rising to 14 and the main market to 14.5 as the valuation multiple grows with historically low interest rates and high liquidity abounding.
The PE ratio for Junior Market Top 10 stocks average 9.3 up from 8.9 last week, as the market continues to revalue the multiple higher and the main market PE is now 9.1, up from 8.8 last week, for the top stocks.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.

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

Barita is stock to watch this week

September 17, 2018 by

The main stock of interest this week is Barita Investments that came into buying interest this past week leading the price to move to $12.95, this one seems headed higher in the short term as the supply that  is on the market has been taken out with few stocks on offer now.
Bulls pushed the Jamaican stock market, to new heights last week, with the main market having 11 straight days of record highs and the Junior Market cleared the historical high reached in 2017, in the past week as well.
NCB Financial that was in the spotlight for the past two weeks, still has buying interest but seems to be having most bids around the $120 mark and may find it tough to break over the $130 mark where it traded during the past week.
While the stock is trading close the $130 mark in Jamaica, it is trading in Trinidad around J$115 and that may hold back the price from moving much higher locally until the price in the twin island state picks up. Scotia Group reported profit that showed gains, some of it was non-recurring income and exceptional foreign exchange gains that seems unlikely to repeat anytime soon.
While the supply of several of the main market stocks being scarce, the main market is just under 15,000 points from a major resistance level at 400,000 points and that could stymie much more movement in the short term, with some prices having moved quite a bit recently. There are several stocks priced well below the market’s average and that could encourage buying interest in them.

NCB stock closed at $129 on Friday.

Investors should keep their eyes on a number of stocks this week. NCB Financial that closed on $115, should move higher this week as demand continues to build and with limited supply on offer.
Grace Kennedy may not be ready to break out of the $60 range as yet but it’s a stock to keep an eye on. Caribbean Cement keeps trading between $46 to $50, but there appears no real desire to move the price forward. Kingston Wharves traded at a record high of $75 on limited volume in the past week but pulled back slightly to $72 at the close with a PE ratio of 46 is compared to a market average of 14.6. Supply of the stocks remain low, but some investors keep on buying. Sygnus Credit Investments picked up last week and moved back within a cent of the IPO price, buoyed by full year results of US$1.4 million. The PE ratio is 11.4, well below the market average of 14.6, that will encourage more interest in the stock. Jamaica Producers has very limited volume on offer and that could help buying at higher prices in spite of a PE of 28, twice the market average. Stanley Motta with a PE of 11 based on 2019 earnings has been recovering for the recent decline and is one to watch.
In the Junior Market, Indies Pharma, came in for continued buying that pushed the price to a record high of $4.10 on Friday against very limited supply. Some selling came into the market on Friday to ease the buying pressure on the price which could stick around the current level of $4 for a while. Bulls came in and bought out a big parcel of Access Financial that was on offer for weeks but the $50 level seems a barrier in the short term. Demand is building for Elite Diagnostic while supply has waned.

Jamaica Producers stock in demand in spite of high price.

General Accident could move higher as more demand comes in for it with limited selling, but investors may not want to be more aggressive with this stock at this time. If the company were to announce expansion into the Eastern Caribbean it may well make a difference.
Stocks with scarce supplies that could spring surprises include, Grace Kennedy, NCB Financial, Berger Paints, Caribbean Cement, Kingston Wharves, PanJam Investment, Sagicor Group, Salada Foods, Seprod and Scotia Group.
The Junior Market supplies continue to be limited for many of the listings. The list includes, Caribbean Flavours, Cargo Handlers, Derrimon Trading, Express Catering, General Accident, ISP Finance and Medical Disposables.
An overall view of stocks indicates that the main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below, but the 400,000 points resistance could likely stall the rally in the main market for a while. The Junior Market now at an all-time high, is being steared by an upward rising long-term support line and a golden cross. The golden cross is a very strong bullish long-term signal.

Filed Under: Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Carib Producers returns to IC TOP 10

September 16, 2018 by

Caribbean Producers back in TOP 10

Caribbean Producers climbed back into the Junior market IC TOP 10 stock listing but there was no change to the main market list. Main Event dropped out of the top list having recovered from a big price fall in the previous week.
Caribbean Producers recently released full year results that were slightly lower than the year before but with a 10 percent rise in revenues. A lower profit margin by 2 percent and an increase of 10 percent in administrative and selling expenses resulted in lower profit but forecast suggest that earnings for 2019 should be up strongly to around 65 Jamaican cents. The company will have to report new results to see the likely increased earnings start to show up in the stock price.
During the past week, the main market of the Jamaica Stock Exchange, racked up 5 consecutive days of record close on Friday and 11 record close in a row, while the Junior market closed the week for with two record close, for the first time since May 2017.
The gains in the two markets is driving the PE ratio of the market higher with the overall PE for the Junior Market rising from to 13 and the main market from 13.7 last week to 13.7 and 14 respectively, this week. Recent movement in the PE suggest that average PE for the market will end 2018 around 18 and 20 by the end of January as conditions continue to favour stocks as the preferred investment of choice along with real estate.
The PE ratio for Junior Market Top 10 stocks average 8.9 up from 8.7 last week, as the market continues to revalue the multiple higher. The latest valuation compares to an average PE for the overall market of 14.3, based on 2018 estimated earnings. The main market PE is now 8.8 and is the up from 8.5 last week, for the top stocks, compared to a market average of 14.6.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 40 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.

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

NCB Financial still key stock to watch

September 10, 2018 by

NCB closed $2 higher on Friday.

Bulls pushed he Jamaican stock market, to new heights last week, with more gains expected this week with the strong likelihood that the Junior Market will clear the historical high reached in 2017..
NCB Financial played an important role in the market movement last week for the main market and Derrimon Trading chipped in for the Junior Market, these were not the only contributors to the gains in in the market last week.
Investors should keep their eyes on a number of stocks this week. NCB that closed on $115, should move higher this week as demand continues to build and with limited supply on offer. Scotia Group last trade was at $59.50 but the price could pull back before they release results for the July quarter on Wednesday. Those results could set the stage for price movements over the next few weeks. With PE ratios rising even a modest increase in profits could see the price moving into record territory.
Grace Kennedy may not be ready to break out of the $60 range as yet but it’s a stock to keep an eye on. Caribbean Cement keeps trading between $46 to $50, but there appears no real desire to move the price forward. Kingston Wharves closed the past week at a record high of at $68.50 and seems poised to move higher but the PE ratio of 44 is compared to a market average of 14, is scary. Supply of the stock remains low, with just two offers of 6,813 shares are displayed. Sygnus Credit Investments picked up last week buoyed by full year results in line with expectations of US$1.4 million. Demand should carry over into the current week and could lift the price further. Jamaica Producers has very limited volume on offer mostly in the higher $20 region while demand is building at $19 and just below.
In the Junior market, Indies continue with strong demand existing for the stock, with news of potential acquisition and new products, the stock is worth watching for more gains. Demand is building for Elite Diagnostics while supply has waned. General Accident could move higher as more demand comes in for it with limited selling, but investors may not want to be more aggressive with this stock at this time. If the company were to announce expansion into the Eastern Caribbean it may well make a difference.
Caribbean Flavours continues to slowly move higher and could do the same this week. There is no certainty the Derrimon Trading will rise any higher now that the price is in the mid three to four dollar level but must be watched. Medical Disposables, should be on the watch list for investors.
Stocks with scarce supplies that could spring surprises include Grace Kennedy, NCB Financial, Berger Paints, Caribbean Cement, Kingston Wharves, PanJam Investment, Sagicor Group, Salada Foods, Seprod and Scotia Group.
The Junior Market supplies continue to be limited for many of the listings. The list includes, Caribbean Flavours, Cargo Handlers, Derrimon Trading, Express Catering, General Accident, Caribbean Cream, Medical Disposables and Stationery and Office Supplies.
An overall view of stocks indicates that the main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below. The Junior Market now at a 15 months’ high, is being steered by an upward rising long-term support line and a golden cross. The golden cross is a very strong bullish long-term signal.

Filed Under: Stocks to watch Tagged With: , , , , , , , , , , , , , , ,

3 new additions to IC TOP 10 stocks

September 10, 2018 by

Main Event is back in TOP 10.

The main market of the Jamaica Stock Exchange, racked up 6 consecutive days of record close on Friday, while the Junior market closed the week just 63 points short of the record close in 2017.
The gains in the two markets is driving the PE ratio of the market higher with the overall PE for the Junior Market rising from to 13 and the main market from 13.7 last week to 13.7 and 14 respectively, this week. Recent movement in the PE suggest that average PE for the market will end 2018 around 18 and 20 by the end of January as conditions continue to favour stocks as the preferred investment of choice along with real estate.
The Top 10 has three changes at the end of the week as movement in prices was the sole factor influencing the change. Caribbean Producers and Main Event dropped sharply in price on Friday and reentered the top list. While Caribbean Producers declined due partially to lower full year’s profit than was expected butt should recover as improved results for the 2019 fiscal year should be enhance with efficiency improvements, the sharp decline in the price from $7 to $5.20 of Main Event on modest volume of less than 7,000 shares is unclear, except for a bid gap between where some demand was and the offers. Access Financial and Fosrich Group dropped out of the Junior Market TOP 10 after rising in price and Sygnus Credit Investments having risen by 50 cents to $12.50 regained enough ground to be pushed out of the top list and allowed Berger Paints to return to the list.
The PE ratio for Junior Market Top 10 stocks average 8.7 up from 8.5 last week, as the market continues to revalue the multiple higher. The latest valuation compares to an average PE for the overall market of 13.7, based on 2018 estimated earnings. The main market PE is now 8.5 and is the same level as last week, for the top stocks, compared to a market average of 14.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.

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

NCB Financial remains on high alert

September 3, 2018 by

The Jamaican stock market, scaled new heights last week, helped by NCB Financial hitting a record high of $115, as supply of the stock being sold remains limited.
More buying came in for the stock on Friday and investors should be on the watch again as the price could go higher during the current week.
Grace Kennedy is another of the main market stocks to keep an eye on, as it slowly tries to move higher. Caribbean Cement moved back to $50, on Friday and could go further in this week as increased demand came in for the stock. It clearly one to watch but investors will need to determine if Friday’s move is a part of the usual month end window dressing. Kingston Wharves closed at $61.80 but traded as high as $65, supply remains low, thus favouring further price gains, even as the stock is carries by far the highest PE in the market. Watch for Scotia Group that should be releasing third quarter results, this week Thursday and Sygnus Credit Investments that posted full year results in line with expectations of US$1.4 million.
In the Junior market, Indies continue with strong demand existing for the stock, with news of potential acquisition and new products, the stock is worth watching for more gains. General Accident could move higher as more demand comes in for it with limited selling.
Caribbean Flavours seems to be following its parent, Derrimon Trading, continuing to rise with limited volume on sale currently. Medical Disposables, declined during the previous week, recovered last week and .should be moving higher going forward, continue to watch this one, as well as Derrimon Trading that has contracted to distribute products of a Trinidad producer.

Kingston Wharves jumped to close at $60 on Tuesday.

Stocks with scarce supplies that could spring surprises include Barita Investments, Grace Kennedy, NCB Financial, Berger Paints, Caribbean Cement, Kingston Wharves, PanJam Investment, Sagicor Group, Salada Foods, Seprod and Scotia Group. The main market is not the only segment with limited supplies. The Junior Market supplies continue to be limited for many of the listings. The list includes, Caribbean Flavours, Cargo Handlers, Derrimon Trading, Express Catering, General Accident, Caribbean Cream, Medical Disposables, Stationery and Office Supplies and tTech.
An overall view of stocks indicates that the main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below. The Junior Market now at a 15 months’ high, is being steered by an upward rising long-term support line and a golden cross. The golden cross is a very strong bullish long-term signal.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , ,