Bun & Teas in IC TOP 10 BUY RATED

October 5, 2019 by

Buy Rated Junior Market stocks have two new entrants this week with Honey Bun and Jamaican Teas returning to the top listing. Both companies’ fiscal year ended September, with earnings for the 2020 fiscal year, used in valuing them.
The new listings are expected to benefit from growth in the core business, with Honey Bun continuing to benefit above the norm from the expansion of the factory late last year and new products being manufactured while Jamaican Teas could benefit from investment gains from the portfolio of QWI Investments.
Dropping from the Junior Market TOP 10 are Elite Diagnostic and Express Catering.  There were no changes to the main market TOP 10.
Market activity, left Caribbean Producers with projected gains of 240 percent as the leading Junior Market stock with likely gains, followed by Iron Rock Insurance with potential gains of 204 percent and Medical Disposables with projected gains of 184 percent.
Radio Jamaica (RJR) share price slipped during the week to a low of $1.35 but bounced to close the week at $1.60, pushing projected gains to 213 percent, to remain the leading main market stock. RJR is benefiting from increasing revenues, resulting from a more buoyant economy, the rollout of new services, the signing of an agreement with Flow that will add to revenues without the added cost and lower costs in a number of areas, with more to come. Carreras sits at the number two spot with projected gains of 125 percent with the price slipping a bit during the week and Berger Paints with projected gains of 115 percent in next.
The main market, closed the week with the overall PE of 17.1 down from 17.7 the previous week and the Junior Market is at 11.1 from 11.7 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.7 compared to 7.9 the previous week and the main market PE remains at 10.4.
The TOP 10 stocks now trade at an average discount of 31 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. 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 an interest in the securities commented on.

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IC TOP 10 focus on QWI

September 30, 2019 by

Attention by investors seems set to be focused on QWI Investments, which commences trading on Monday, but being the end of the month, investors could be seeing other stocks recording interesting movements.
Buy Rated stocks had few changes with Elite Diagnostic and Express Catering climbing back into the Junior Market TOP 10 with the price of Elite dropping to $5.40 from $5.60 at the end of the previous week while Seprod returns to the main market list at the expense of Scotia Group.
Slipping out of the IC TOP 10 listing is Jetcon Corporation that remained at $1.80, Main Event earnings were adjusted down with the decline of profit reported in the July quarter due to increased cost that exceeded revenues and Scotia Group rose to $60 from $57.50 and dropped out of the TOP 10.
Market activity, resulted in Caribbean Producers with projected gains of 244 percent being the leading Junior Market stock with potential gains, followed by Iron Rock with likely gains of 200 percent and Medical Disposables with projected gains of 186 percent.
Radio Jamaica closed the week with projected gains of 194 percent as the leading main market stock with the price falling to $1.70 from $1.90 during the week. Berger Paints sits at the number two spot with projected gains of 132 percent as more interest comes in for this stock coupled with reduced selling ahead of the most important quarter coming up when sales exceed all other quarters and Carreras with projected gains of 112 percent.
The main market closed the week with the overall PE of 17.7 up from 16.7 the previous week and the Junior Market is up to 11.7 from 11.3 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.9 compared to 7.8 the previous week and the main market PE remains at 10.4. These levels of PE ratios point to big upside for TOP 10 stocks.
The TOP 10 stocks now trade at an average discount of 32 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. 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 an interest in the securities commented on.

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IC TOP 10 relatively stable

September 22, 2019 by

Jamaica Broilers announced a new acquisition last week

The Jamaica stock market was impacted last week by fresh share insurances and acquisitions by two IC TOP 10 listed companies.
Investors’ attention was on pumping funds into Barita Investments’ rights issue and QWI Investments’ initial public offering in the past week and led to more muted market activity, with the latter attracting more than 4,000 investors and in excess of $1.5 billion.
Other major developments in the past week were the announcement that TOP 10 BUY RATED General Accident picked up 55 percent of the Trinidad based Motor One Insurance company but investors hardly seem to notice. Another Top 10 listing, Jamaica Broilers announced yet another takeover of a poultry processing plant in the USA. Market activity in the coming week will be further affected with Proven Investments selling half of their holdings in Access Financial stock by way of a public offer, at an attractive price of $32 each. Market conditions resulted in just two changes to IC TOP 10 BUY RATED list as CAC 2000 returned to the top 10 Junior Market list, replacing Caribbean Cream and Scotia Group moved back into the main market listing at the expense of Seprod.
Changes in prices left Caribbean Producers with projected gains of 233 percent, followed Iron Rock by with likely gains of 201 percent and tTech with projected gains of 167 percent as the three most attractive Junior Market stocks.
Radio Jamaica closed the week with projected gains of 163 percent as the leading main market stock with the price falling to $1.90 by the end of the week. Berger Paints sits at the number two spot with projected gains of 121 percent as more interest comes in for this stock coupled with reduced selling ahead of the most important quarter coming up when sales exceed all other quarters and Carreras with projected gains of 112 percent.
The main market, closed the week with the overall PE of 16.7 down from 17.7 the previous week and the Junior Market is down to 11.3 from 11.6 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.8 compared to 7.7 the previous week and the main market PE slips to 10.4. These levels of PE ratios point to big upside for TOP 10 stocks.
The TOP 10 stocks now trade at an average discount of 31 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains. The likely gains are ranked in descending order, with the highest-ranked being the most attractive and moving down the least attractive. 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 an interest in the securities commented on.

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IC TOP 10 MPC hits new record high

September 17, 2019 by

Prices pulled back during the past week but the new IC TOP 10 BUY RATED main market stocks MPC Caribbean Energy surged to an all-time high of $153.06 and is still in the TOP 10 and seems poised to move higher with no sellers in sight.
Seprod returns and Scotia Group moved out to be the only changes to the main market list. Jetcon Corporation, Caribbean Cream and Caribbean Flavours return to the Junior Market TOP 10 replacing CAC 2000, Dolphin Cove and Jamaican Teas.
The three most attractive Junior Market stocks are Iron Rock with projected gains of 257 percent, followed by Caribbean Producers with likely gains of 237 percent and tTech with projected gains of 208 percent.
Radio Jamaica closed the week with projected gains of 138 percent as the leading main market stock followed by Berger Paints with projected gains of 132 and Carreras with projected gains of 112 percent.
The main market, closed the week with the overall PE of 17.7 down from 18.3 the previous week and the Junior Market is down to 11.6 from 12.1 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.7 compared to 8.4 the previous week and the main market PE is now 10.5. These levels of PE ratios point to big upside for TOP 10 stocks.
The TOP 10 stocks now trade at an average discount of 33 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. 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 an interest in the securities commented on.

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Big surprise entry to IC TOP 10

September 8, 2019 by

IC TOP 10 BUY RATED main market stocks got a surprise entry as MPC Caribbean Energy surged into the top list for the first time to sit at fourth position at the expense of Seprod.
There was no other change in the main market list but the Junior Market IC Insider.com TOP 10 had two new entrants with CAC 2000 returning after a week’s absence, along with Dolphin Cove. They replaced Access Financial and Express Catering with the prices of both moving higher by the end of the week.
MPC is making the top list after the company reported profit of US$126,746 or the June quarter before the company’s investment in the solar plant in Westmoreland, Jamaica, starts contributing full quarterly revenues and profit.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock with likely gains of 200 percent and General Accident with projected gains of 188 percent.
Radio Jamaica inched to $2.13 at the close of the week leaving it with projected gains of 135 percent and the leading main market stock with the highest likely gains followed by Carreras with projected gains of 112 and Berger Paints with projected gains of 110 percent after the stock closed the week at $20.
The main market closed the week with the overall PE of 18.3 and the Junior Market remains at 12.1 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10.2. These levels, point to big upside for TOP 10 stocks to the end of March next year and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 44 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. 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 an interest in the securities commented on.

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RJR best performer in IC TOP 10

September 1, 2019 by

RJR traded at a new high on Friday.

Radio Jamaica (RJR) was the star performer this past week, with the stock rising to new 52 weeks’ high and traded as high as $2.58 on Friday. The stock moved up by 22 percent from $1.70 at the close of the previous week to close at $2.07.
RJR entered the TOP 10 main market stock at the start of February at 80 cents in the number 2 position since then it has risen 159 percent to be the second-best performer in the main market for the year to date. This past week’s gain reduced the potential gains from 194 percent last week to 142 percent now. Technical indicators point to the stock moving up much higher in the months ahead.
In the Junior Market IC Insider.com TOP 10, CAC 2000 rose to $16 to exit the TOP 10 and was replaced by Access Financial at the number 10 position but there are no changes to the Main Market TOP 10.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 244 percent, followed by Iron Rock with likely gains of 200 percent and General Accident with projected gains of 167 percent. Radio Jamaica with projected gains of 142 percent remains the leading the main market stock with the highest likely gains followed by Berger Paints with projected gains of 130 percent and Carreras 109 percent.
The main market closed the week with the overall PE of 18.8 and the Junior Market remains at 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10.5. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 44 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. 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 an interest in the securities commented on.

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More changes to IC TOP 10 BUY RATED

August 25, 2019 by

The past week, was a relatively quiet one for the IC Insider.com TOP 10 with far fewer changes than in the prior week with the markets seeming to be in a short-term consolidation phase with the release of the vast majority of the second quarter.
There are just two changes to the Junior Market list and none for the main market for this week but there are no changes to the Main Market TOP 10.
Jetcon Corporation climbed from $1.58 last week, to close at $2.50 while Caribbean Cream closed with the bid at $4.85, leading both out of the TOP 10 and letting Jamaican Teas with the price dropping to $5.61 from $6 and CAC 2000 with the price now at $15, down from $15.15 at the close of the previous week. The attractiveness of CAC 2000, is based on a strong recovery in the April quarter and the positive implications it has for the 2020 results. Jamaican Teas had good results for the nine months to June and the stock price has not yet fully discounted them.
General Accident was the second most attractive Junior Market stocks last week, hit a new record high of $6.24 on Friday and moved down to number 4 spot, with projected gains of 156 percent to March next year on top of the 73 percent rise for 2019 to date. Investors should not ignore the strong growth in revenues of 41 percent that is underway that has strong implications for increased profit and dividend income.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 244 percent, followed by Iron Rock with likely gains of 200 percent and Medical Disposables with projected gains of 170 percent.
Radio Jamaica with projected gains of 194 percent leads the main market followed by Carreras with projected gains of 128 percent and Berger Paints 121 percent.  Investors should start looking at 2020 that is just four months away for the companies that may be a bit pricey but are likely to generate above-average growth next year.
The main market closed the week with the overall PE of 16.6 down from 17 at the close of the previous week and the Junior Market remains at 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.3 and the main market PE is now 10.2. These levels, point to a strong upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 35 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. 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 an interest in the securities commented on.

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5 new IC TOP 10 BUY RATED

August 19, 2019 by

The past week, was fairly quiet for Jamaica Stock Exchange with earnings season for the second quarter just about ended.
In the process, both markets reached new highs before pulling back to close the week below the record highs achieved earlier. The market activity led to a number of changes to the TOP 10 list. Consolidated Bakeries reported disappointing results for the June Quarter from strong growth in revenues and resulted in a downgrade in projected earnings, the stock along with CAC2000 and Caribbean Flavours fell from the Junior Market TOP 10. General Accident reported strong revenues and profit increase for the June quarter and half-year, resulting in earnings upgrade to 80 cents per share for the year and putting it back in the TOP 10 along with Caribbean Cream and Lasco Financial that fell under $5 on Friday.
In the Main Market TOP 10, late bloomer, Sygnus Investments fell in price along with Seprod and return to the main market TOP 10, replacing by Pulse Investments and Palace Amusement.
The three most attractive Junior Market stocks are, Caribbean Producers with projected gains of 240 percent, followed General Accident with projected gains of 171 percent and by Iron Rock with likely gains of 167 percent.
Radio Jamaica with projected gains of 198 percent leads the main market followed by Berger Paints and Carreras with potential gains of 121 percent each.
The main market closed the week with the overall PE of 17 and the Junior Market inched higher to 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.1 and the main market PE is now 10 3. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 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 an interest in the securities commented on.

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6 new Junior Market TOP 10 stocks

August 12, 2019 by

Carreras heads main market TOP10.

The Jamaica Stock Exchange continued to move higher during the week and ended at the high close at 3,600.97 resulting in six stocks migrating from the Junior Market TOP 10.
Prices for Caribbean Cream, Elite Diagnostic, Everything Fresh, General Accident, Lasco Financial and Lasco Manufacturing all rose and exited the TOP 10.
Consolidated Bakeries and Caribbean Flavours that slipped from the list in the previous week, return along with CAC2000, Express Catering, Jetcon Corporation and Main Event.
In the Main Market TOP 10, late bloomer, Sygnus Credit Investments traded ta new record high in the main market of $26 and moved out of the TOP 10 to be replaced by Pulse Investments that slipped out at the end of the previous week.
n the past week, the main market continued its record-breaking run, closing the week at 581,039.04 high on its way to over 800,000 points for the All Jamaica Index.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock Insurance with projected gains of 193 percent and Medical Disposables with possible gains of 186 percent.
Carreras’ earnings, were upgraded to 90 cents per share, following a 10 percent increase in revenues and 12 percent rise in profit, for the first quarter to June. The stock now leads the in the main market with potential gains of 126 percent followed by Berger Paints with projected gains of 121 percent followed and Stanley Motta with 95 percent by March next year.
The main market closed the week with the overall PE of 16.2 and the Junior Market inched higher to 12.4 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10 8. These levels, point to a big upside, for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 32 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 34 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 an interest in the securities commented on.

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

Several IC TOP 10 changes

August 4, 2019 by

The Jamaica Stock Exchange saw new record highs for the main and Junior Market, with attention moving decisively in favour of the latter that lagged the main market for the greater part of the year.
Prices of Consolidated Bakeries and Caribbean Flavours rose, pushing them out of the Junior Market Top 10. They were replaced, by Caribbean Cream that closed the week, with the price down at $4.25 and Everything Fresh.
In the Main Market TOP 10, Victoria Mutual Investments jumped to a record high of $9, after the company reported 9 cents in earnings per share for the June quarter and 17 cents for the half-year, just below IC Insider.com forecast of 50 cents for the full year. The stock closed at a record high of $8.20 and exited the TOP 10. Pulse Investments climbed to close the week at $3.26 and fell from the top list. Earnings for Sterling Investments were revised downwards to 23 cents per share, resulting in it leaving the TOP 10. New entrants are Grace Kennedy, Proven Investments and Scotia Group.
In the past week, the main market continued its record-breaking run, closing the week at an all-time high on its way to over 800,000 points for the All Jamaica Index as momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered all of the 2019 losses and surpassing the previous all-time high of 3,436 points in September last year. Technical indicators point to the record be taken out soon and could happen this week with more results due. The market closed over 3,500 points for the first time in the past week.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock with projected gains of 196 percent and tTech with possible gains of 167 percent.
Berger Paints heads the main market with potential gains of 122 percent followed by Radio Jamaica with 122 percent and Palace Amusement in third spot and likely to gain 92 percent by March next year.
The main market closed the week with the overall PE at 16.4 and the Junior Market moved up from 11.4 last week to 12.3 as the market shifts from consolidation in the first half of the year to be bullish now. The PE ratio for Junior Market Top 10 stocks averages 8.3 versus 7.6 last week and the main market PE is now 10 4 compared to 9 at the start of last week. These levels, point to big gains for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 33 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 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 an interest in the securities commented on.

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