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2 07, 2020

Bank of Jamaica (BOJ) holds policy rate


July 02, 2020   Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 percent per annum. The decision to hold the policy rate unchanged is based on the Bank’s continued view that monetary conditions are generally

18 06, 2020

COVID 19 Impact on Highway 2000 East-West Traffic


June 18, 2020   Dear Stakeholders: As mentioned in our Financial Statements for the quarter ended March 31, 2020, the COVID-19 pandemic which affects almost all the world's economies, has also impacted Transjamaican Highway Limited. The first two months of this year were marked by a 2.1% increase in toll transactions compared to the same

18 05, 2020

DTL reports 34% increase in first quarter net profit


May 18, 2020   Derrimon Trading Limited (DTL), for the three months ended March 31, 2020, reported trading income of $3.32 billion compared to the $3.15 billion booked for the prior year’s comparable period, a 5% increase. DTL indicated, “The distribution and retail arms of the business for the three (3) months recorded revenue of $3.01 billion

17 05, 2020

IMF Executive Board Approves a US$ 520 Million Disbursement to Jamaica to Address the COVID-19 Pandemic


May 17, 2020 The IMF Executive Board approved Jamaica’s request for emergency financial assistance of about US$520 million to help meet the urgent balance-of-payments needs stemming from the COVID-19 pandemic. The Jamaican authorities have adopted timely and targeted measures to boost health spending and mitigate the economic impact of the pandemic, supporting jobs and vulnerable

16 05, 2020

KREMI reports 38% decline in year end net profit


May, 16, 2020   Caribbean Cream Limited (KREMI), for the year ended February 29, 2020, reported a 10% increase in revenue to total $1.71 billion compared to $1.55 billion booked last year. Revenue for the fourth quarter rose 16% to close at $470.92 million compared to $405.17 million for the comparable quarter of 2019. Costs

14 05, 2020

Our monthly Strategic Magazine is now available online


May 14, 2020   Click on the link below. https://www.mayberryinv.com/strategic-investing-magazine/ Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is,

13 05, 2020

CHL reports 14% increase in six months net profit


May 13, 2020   Cargo Handlers Limited (CHL) revenues for the six months fell 12% year over year to $191.37 million versus $216.32 million booked in 2019. Revenue for the quarter contracted 6% to $104.26 million versus $111.45 million booked for the same quarter of 2019. CHL noted this, “was attributable to fewer than anticipated

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