The Trinidad and Tobago Stock Exchange closed the week with only a few points changing in the market indices after the week ended with 7 stocks rising and 5 declining, with the PE ratios of the majority of stocks remaining very attractive with big upside gains ahead, with a slight improvement over the prior week with declining stocks edging out those rising 9 to 8.
The average PE ratio of the market is 11.1 compared to 5.4 based on the current year’s earnings. The huge difference between the two shows how undervalued the market currently is and the extent of the upside that lies ahead.
Winning stocks of note for the week are Ansa McAl up $2.79, Republic Holdings up 43 cents and Guardian Holdings with a gain of 25 cents. CinemaOne fell 40 cents and Unilever Caribbean lost 24 cents were the two declines of note.
Several stocks could gain more than 100 percent when the market comes back to life, these include, First Caribbean with a possible gain of 240 percent, Guardian Holdings at 500 percent, Republic Holdings at 120 percent, Massy Holdings at 120 percent, Prestige Holdings at 100 percent, Trinidad Cement with 280 percent, Eric Solis 400 percent and One Caribbean Media with 285 percent.