Caribbean Producers surges in ICTOP 10
Caribbean Producers raced to the top of ICTOP10 listings this week after the company released full year results that showed a loss, but with the final quarter posting a profit of US$2 million before exceptional onetime cost and resulting IC Insider.com upgrading earnings from 65 cents per share to a $1.20 for the current year.
Based on years of underperformance and the knock from the closure of the hotel industry last year, many investors thought this stock was a lost cause. Based on research and understanding of the business sector, this publication had the stock the number three position on the Junior Market Top 10 list at the start of the year, just behind Caribbean Cream. 
So far to October, CPJ gained 90 percent and should exceed 100 percent this coming week and Caribbean Cream is up 67 percent ahead of second quarter results due in two weeks. Another TOP 15 stock this year, Caribbean Cement, surged on Friday to close at $120 after trading at a record high of $146.12, just short of IC Insde.com forecast in April this year in the report, captioned “Carib Cement Q1 profit triples” that the stock that last traded at $75 on the Main Market of the Jamaica Stock Exchange is projected to get to $150 in the next twelve months.
While the Jamaican stock markets continued to bounce around, the past week saw clearer signs of the upward momentum returning, with the Barita Investments APO issue out of the way. Bank of Jamaica’s raise its overnight rate to 1.5 percent from 0.50 percent and the tightening of the financial market continued with CD rates averaging 2.59 percent during the past week.
Elsewhere, in the Junior Market, AMG Packaging fell from $2.10 to $1.70, Stationery and Office Supplies rose from $5.76 from $6.49, Access Financial rose from $18.75 to $20, General Accident rose from $5.15 last week to $5.45, Medical Disposables rose from $4.46 to $5.15, Caribbean Assurance fell from $1.80 to $1.66 and Caribbean Cream moved up to $7 from $6.60 last week. In the Main Market, Caribbean Producers rose from $4.65 to $5.50 on Friday.
The top three Main Market stocks are Caribbean Producers, Berger Paints, followed by Guardian Holdings, with expected gains of 216 to 336 percent for the three, versus last weeks’ 208 to 263 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by General Accident and Lasco Financial. All three have the potential to gain between 217 and 300 percent, from 250 percent and 307 percent last week.
This past week, the average gains projected for the TOP 10 Junior Market stocks moved from 214 percent to 203 percent and Main Market stocks moved from 166 percent to 180 percent.
The Junior Market closed the week with an average PE 12.7 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for the period to March this year, based on 2020 earnings. The TOP 10 stocks trade at a PE of 6.7, with a 53 percent discount to that market’s PE. The overall Junior Market can gain 57 percent to March next year, based on an average PE of 20 and 34 percent based on an average PE of 17.
The JSE Main Market ended the week with an overall PE of 15.7, a little distance from 19 the market ended at in March, suggesting a 27 percent rise at a PE of 19 and 21 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 49 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 is not intended to be a selection of the best stocks in the market but the most likely to be the biggest winners within fifteen months. ICInsider.com ranks stocks to separate the bigger winners from the rest, allowing investors to focus on potentially huge gains, helping to keep out emotional attachments to stocks that often result in the making of costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on possible increases for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Market activity led to 36 securities trading compared to 34 on Thursday and ended with 10 rising, 18 declining and eight, closing unchanged.
At the close, Access Financial popped $2.90 to $20 with the swapping of 2 shares, AMG Packaging climbed 9 cents to $1.70, with 185,800 stock units crossing the market, Blue Power rallied 40 cents to $3.37 in switching ownership of 25,998 units. Cargo Handlers rose 79 cents to $7.79 after exchanging 447 stocks, Caribbean Cream spiked $1.01 to $7 while exchanging 50,966 shares, but the stocks had 100000 units on offer at $6.50 at the close, Consolidated Bakeries fell 10 cents to $1.70, with 2,488 stocks crossing the exchange. Dolphin Cove gained 14 cents to end at $10, with 958 stock units changing hands, Elite Diagnostic dropped 5 cents to close at $3 after exchanging 247,582 units, Fontana lost 9 cents in closing at $6.50 with an exchange of 33,339 stocks. Future Energy Source declined 16 cents to $2.70 in exchanging 730,160 shares, General Accident rose 15 cents to $5.45 1n trading 3,693 stock units, Indies Pharma shed 52 cents to end at $3.23 with 1,070 units changing hands. ISP Finance popped $1.50 to close at $25, with 500 stock units clearing the market, Jamaican Teas shed 10 cents to $4 in an exchange of 4,701,946 units, Jetcon Corporation lost 15 cents after ending at $1.01 and trading 19,000 stocks. 
Lasco Distributors fell 49 cents to $3.50, with 23,144 shares crossing the market, Lasco Manufacturing declined 30 cents to end at $4.50 after swapping 22,583 shares, Limners and Bards dropped 35 cents to $3.50 in trading 15,895 stocks. Mailpac Group fell 6 cents to $3.84 after exchanging 418,371 stock units, Main Event lost 8 cents to close at $4.20 while trading 1,037 units and Medical Disposables climbed 15 cents to $5.15 after 46,950 units crossed the market.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
Lasco Manufacturing shed 20 cents to end at $4.50, with 33,084 stock units clearing the market, Mailpac Group fell 10 cents to $3.65 while exchanging 499,531 stocks, Main Event popped 10 cents to $4.30 in trading 32,995 stocks. Medical Disposables declined 15 cents to $4.85 with 208,597 shares changing hands, Paramount Trading fell 15 cents to 95 cents, with 125,100 stock units crossing the market, Stationery and Office Supplies popped 20 cents to $6 after trading 7,000 units and tTech shed 25 cents in closing at $4.10 with the swapping of 1,314 units.
The volume of stocks traded on Wednesday declined by 44 percent and the value 46 percent from Tuesday’s levels, with 6,071,422 shares traded for $19,121,644, down from 10,904,334 units at $35,164,246 on Tuesday. Future Energy Source led trading after taking 43.3 percent of the volume with 2.63 million shares, followed by Caribbean Flavours 9.6 percent, with 585,245 units and Derrimon Trading with 424,600 units for 7 percent market share.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
Limners and Bards shed 20 cents to $3.45 in trading 196,098 units, Mailpac Group fell 13 cents to $3.55 after exchanging 181,170 stocks, Medical Disposables shed 50 cents to close at $4.50 after 88,417 stock units crossed the market. Paramount Trading declined 5 cents to $1.05 in switching ownership of 3,925 shares, SSL Venture gained 10 cents to end at 74 cents after exchanging 23,154 stocks and Stationery and Office Supplies lost 88 cents in closing at $5.90, with 3,282 stock units changing hands.
Market activity ended with 38 securities trading similar to Monday after 16 stocks rose, eight declined and 14 ended unchanged. The Junior Market Index rose 1.69 points to 3,218.89. The PE Ratio, a measure used in computing appropriate values for stocks, averages 12.1 based on ICInsider.com’s 2021-22 earnings forecast.
At the close, Access Financial lost $1.48 in ending at $20.01 with 22,295 shares clearing the market, Blue Power spiked 62 cents to $3.37 with the swapping of 5,947 units, CAC 2000 gained 60 cents in closing at $9.10 after trading 5,000 stock units. Cargo Handlers increased 10 cents to $7.40 in an exchange of 3,999 stocks, Caribbean Assurance Brokers popped 4 cents to $1.79 with an exchange of 14,957 stock units, Consolidated Bakeries shed 20 cents to $1.60, with 7,360 shares changing hands. Everything Fresh dropped 6 cents in closing at 90 cents in switching ownership of 128,541 units, Express Catering rallied 60 cents to $4.90 while exchanging 4,635 stocks, Fontana fell 5 cents to end at $6.10 after 298,234 shares changed hands. Honey Bun declined 20 cents to close at $8 in trading 58,950 stocks, Lasco Financial fell 15 cents to $3 after exchanging 35,012 stock units, Limners and Bards rose 35 cents in closing at $3.65, after 4,761,862 units crossed the exchange. 
Lumber Depot climbed 8 cents to $2.98, with 353,242 stock units crossing the market, Mailpac Group rose 8 cents to $3.68 after trading 77,351 stocks, Medical Disposables advanced 53 cents to $5 in an exchange of 100 units. Stationery and Office Supplies rose 88 cents in closing at $6.78 after an exchange of 6,569 shares and tTech lost 15 cents to end at $4.35 with 30,100 stock units clearing the market, but after trading at a 52 weeks’ intraday low of $3.60.
Markets keep bouncing around with no clear direction and could be weight down by a number of factors, including rising interest rates as Bank of Jamaica starts its tightening of the financial market, Barita Investments APO that will drain or divert funds from secondary trading of other stocks and the absence of any other major news that could move stock prices meaningfully. Against this background, there was little movement in and out of the ICTOP10 listings this past week.
Lumber Depot moved back into the ICTOP10 with the price pulling back under $3 and replaced tTech that enjoyed a price bounce from $4.20 last week to $4.50 this past week.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 212 to 257 percent for the three, versus last weeks’ 202 to 290 percent.
The TOP 10 trades at a PE of 6.9, with a 42 percent discount to that market’s PE and the potential to rise 67 percent to March next year, based on an average PE of 20.
ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
Overall, 36 securities traded compared to 34 on Thursday with 17 rising, eight declining and 11, closing unchanged. The Junior Market Index rose 26.84 points to 3,248.47 in closing marginally down from the previous week’s close.
Investor’s Choice bid-offer indicator shows no stock ending, with a bid higher than the last selling price and one with a lower offer.
Indies Pharma advanced 23 cents to $3.40 after exchanging 250 units, Lasco Distributors dropped 17 cents to close at $3.70, with 24,848 stock units changing hands, Limners and Bards fell 18 cents to $3.80 after exchanging 762,073 units. Lumber Depot climbed 7 cents to $3, trading 634,727 stock units, Main Event popped 44 cents to $4.20 while exchanging 500 shares, Stationery and Office Supplies increased 69 cents to $6.60 after 1,444 units crossed the market and tTech rose 30 cents to $4.50 in exchanging 749 stock units.
Rising stocks beat out those declining by 15 to 11, with eight closing unchanged as 34 securities traded, up from 33 on Wednesday, with the volume and value of stocks trading slipping marginally on Thursday on the Junior Market of the Jamaica Stock Exchange.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
Mailpac Group dropped 10 cents to $3.52 in switching ownership of 98,002 shares, Main Event dived 44 cents to $3.76 after exchanging 3,395 shares. Medical Disposables increased 33 cents to $4.94 after exchanging 4,030 stock units, Stationery and Office Supplies climbed 10 cents to $5.91 in an exchange of 4,000 stocks and tTech declined 42 cents to $4.20 after trading 2,731 stocks.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
Lumber Depot rose 5 cents to close at $2.80, with 1,628,060 shares crossing the market and Stationery and Office Supplies shed $1.14 in ending at $5.81, with 10,610 units crossing the market.
Market activity led to 35 securities trading compared to 36 on Monday and ended, with 12 rising, 14 declining and nine closing unchanged. The Junior Market Index fell 17.99 points to 3,262.98. The PE Ratio, a measure used to compute appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows three stocks ending, with bids higher than their last selling prices and none with a lower offer.
hands. Lasco Financial fell 4 cents to close at $3.15 after trading at 23,500 stocks, Lasco Manufacturing lost 11 cents to end at $4.85 in trading 6,905 stocks, Lumber Depot dropped 32 cents to $2.75, with 3,844,851 units crossing the market, Mailpac Group rallied 13 cents to $3.64 while exchanging 651,442 shares, Medical Disposables popped 16 cents to end at $4.61 in switching ownership of 50,517 stock units, Paramount Trading rose 10 cents to $1.11 in an exchange of 566,220 units, Stationery and Office Supplies fell 7 cents to $6.95 trading 35,904 shares and tTech spiked 42 cents to $4.62, with 7,776 stock units clearing the market.
