Watch NCB but Cement not finished

NCB Financial is the main stock to watch this week with group having sealed the deal for majority shares in Guardian Holdings but Caribbean Cement (CC) is still in the stock to watch list. 
Fresh from posting record first quarter profit of $1.13 billion or $1.33 per share, from only $348 million in 2018, the shares of CC started right out of the blocks on Monday gone, with a jump of $13.87 to $77.99 and moved higher thereafter during the week.
Cement now sits at $80 and should move higher in the weeks ahead with potential earnings of $7 per share for 2019. The stock price reached $100 briefly during the past week. NCB Financial Group came in for increased buying with the announcement of approval granted for the group to acquire majority shares in the Trinidad based Guardian Holdings, thus returning it to it Jamaican roots. Guardian was previously majority by Mutual Life but the majority shares were sold to Trinidadians, when Guardian had cash flow problems in the 1990s.
Sagicor Group moved up from $44 at the start of the week to close at $46.50 and should move higher with 2018 results showing gains and pointing to a brighter 2019. Wisynco traded as high as $15 during the past week but some selling came in leaving the stock at $14.40 at the close on Friday. The stock is selling at 15 times projected earnings for the for the fiscal year to June 2019, but with strong earnings growth investors could still pile into the stock in anticipation of greater profits in the 2020 fiscal year.  RJR and Seprod remain attractive buys and continue on the watch list along with Barita Investments that posted very strong second quarter results. More company results should be flowing this week and investors should be watchful for their release to identify any important message of future earnings. Other stocks of interest in the main market, include Berger Paints, Grace, Jamaica Producers, Jamaica Stock Exchange and PanJam Investment that seems headed to $100, with very few stocks on offer for sale.
The Junior Market rose last week as it starts the recovery from the impact that the recently closed Wigton IPO had on the market. At its recently held annual general meeting, Honey Bun directors pointed to continued improved revenues, created by expansion of the factory providing added capacity to meet demand for their products, resulting from the expansion and new products lined up to come. Stationery and Office Supplies released their annual report with the directors stating that the outlook for 2019 and beyond is positive, given the increase in business and consumer confidence locally and regionally. “The economy is continuing to show positive signs with increased foreign and local investment in the island, particularly in the business outsourcing sector. For the export market, we are supplying a project in Barbados during the first quarter of 2019, and have another project planned for the second quarter in 2019. We anticipate to realise at least six containers of exported products during the year including both the SEEK products and our lines of Torch and Image furniture.  With the purchase of SEEK and six months of learning, planning and making adjustments, we now anticipate maximising profits from every business line in 2019.”
Fontana came in for increased buying this past week with trading as high as $4.20 with supply of the stocks declining, General Accident saw improved results last year and this should continue into 2019 but the company is scheduled to release results for quarter one, next week.  tTech grew revenues 30 percent in 2018 and 28 percent in the December quarter. More growth is expected for 2019 to boost profit for the year. Derrimon Trading took over the distribution of of Juiciful, Busta and other products for Trinidad-owned SM Jaleel & Company and acquired Woodcats International, late last year. First quarter results should show above normal increase in revenues as a result of the acquisitions in 2018. It will be interesting to see how the new lines, impact first quarter profit.