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12 08, 2020

SIL reports 30% increase in six months net profit

2020-08-12T23:08:15-05:00

Sterling Investments Limited (SIL) for the six months ended June 30, 2020 reported interest income of $57.70 million, a 25% increase compared to $46.10 million booked twelve months earlier. Interest income for the quarter closed at $30 million compared to $24.27 million reported for the same quarter of 2019. Foreign exchange gain amounted to $64.29 million,

12 08, 2020

Daily Market Summary- August 12, 2020

2020-08-12T15:14:44-05:00

Daily Market Summary 12.08.2020   Disclaimer: 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, or will

12 08, 2020

Overseas Headlines – August 12, 2020

2020-08-12T08:22:12-05:00

United States: Americans Rush to Be Their Own Bosses as Covid Hits Job Market "Whether out of necessity or a fondness for working in one’s pajama bottoms, Americans are filing paperwork to become their own bosses at a clip one economist calls “off the charts.” The number of people applying for Employer Identification Numbers, which

11 08, 2020

SELECTMD reports six months net loss of $851 million

2020-08-11T16:02:02-05:00

August 11, 2020 Sagicor Select Fund Manufacturing & Distribution (SELECTMD) for the six months ended June 30, 2020 reported net investment loss of $836.72 million. While for the quarter net investment income closed at $243.38 million Fees and other income closed the six months period at $28,000 and the second quarter at $10,000. As such,

11 08, 2020

Daily Market Summary – August 11, 2020

2020-08-11T15:55:40-05:00

Daily Market Summary 11.08.2020   Disclaimer: 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, or will

11 08, 2020

SelectF reports six months net loss of $1.80 billion

2020-08-11T15:44:45-05:00

August 11, 2020 Sagicor Select Funds Limited (SELECTF), for the six months ended June 30, 2020 reported net investment loss of $1.78 billion relative to an income of $434.19 million booked June 30, 2019. As for the quarter, net investment loss amounted to $318.54 million relative to an income of $415.97 million booked last year

11 08, 2020

Overseas Headlines – August 11, 2020

2020-08-11T09:34:58-05:00

United States: U.S. Recovery Sees Some Momentum After Monthlong Stall “The latest high-frequency data suggest America’s economic recovery may finally be getting moving again after stalling for a month. Bloomberg Economics created a weekly dashboard of high-frequency, alternative and market-based data to track the economy’s plunge into recession and eventual recovery. New Covid-19 cases have

10 08, 2020

JSE reports 13% decrease in six months net profit

2020-08-10T20:32:44-05:00

Jamaica Stock Exchange Limited (JSE), for the first six months ended June 30, 2020 recorded total revenue of $886.85 million, a 1% increase when compared to the $874.52 million booked the prior year’s corresponding period. For the second quarter the company reported a 12% decrease in total revenue to close the quarter at $378.26 million

10 08, 2020

Daily Market Summary – August 10, 2020

2020-08-10T15:33:31-05:00

Daily Market Summary 10.08.2020   Disclaimer: 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, or will

10 08, 2020

Net International Reserves- July 2020

2020-08-10T15:16:57-05:00

Net International Reserves- July 2020 Jamaica’s Net International Reserves (NIR) totaled US$2,758.36 million as at July 2020, reflecting a decrease of US$190.90 million relative to the US$2,949.26 million reported at the end of June 2020 (see figure 1). Changes in the NIR resulted from an decrease in Foreign Assets of US$164.93 million to total US$3,740.09

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