May 22, 2024 United States: Fed’s Collins, Mester Emphasize Need for More Data to Cut Rates Two Federal Reserve officials reinforced a higher-for-longer message on interest rates, emphasizing a need for patience as the central bank waits for more evidence inflation is moving lower. Speaking on a panel moderated by Atlanta Fed President Raphael Bostic,
May 21, 2024 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for May 20, 2024, was J$13.25. MJE’s closing price on May 20, 2024 was $10.44. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification - The views expressed in this research report
May 21, 2024 Jetcon Corporation Limited (JETCON) Unaudited financials for the three months ended March 31, 2024: Jetcon Corporation Limited (JETCON) for the three months ended March 31, 2024, reported a 24% decrease in Revenue totaling $136.44 million compared to $179.71 million in the corresponding period last year. Cost of Sales amounted to $112.38 million
May 21, 2024 VM Investments Limited (VMIL) for the year ended December 31, 2023, reported an 8% increase in Interest Income totaling $1.51 billion compared to $1.40 billion in the corresponding period last year. Interest Income for the fourth quarter had a 49% decline to close at $190.79 million compared to $373.08 million for
May 21, 2024 Lumber Depot Limited (LUMBER) has advised that it has acquired a 35% interest in Atlantic Hardware & Plumbing Company Limited (“Atlantic”). Atlantic is a 30-year-old Jamaican company that is engaged in the wholesaling and distribution of hardware, building materials, plumbing, electrical, tools, and supplies to hardware stores, contractors, and developers across
May 21, 2024 Jetcon Corporation Limited(JETCON) Audited financials for the year ended December 31, 2023: Jetcon Corporation Limited (JETCON) reported a 35% decrease in turnover totaling $672.52 million for the year ended December 31, 2023, compared to $1.03 billion in the corresponding period last year. This 35% year-over-year decline can be attributed to increasing competition
May 21, 2024 MAILPAC Group Limited (MAILPAC) Unaudited financials for the first quarter ended March 31, 2024: MAILPAC Group Limited (MAILPAC) for the first quarter ended March 31, 2024, reported a 7% decrease in revenue totalling $368.50 million compared to $398.01 million in the corresponding three months last year. Cost of Sales amounted to $170.60
May 21, 2024 Pulse Investments Limited (PULS) for the nine months ended March 31, 2024, reported a 7% increase in Turnover totaling $845.45 million compared to $793.14 million in the corresponding period last year. Turnover for the third quarter had an 8% increase to close at $293.23 million compared to $270.55 million for the comparable
May 21, 2024 At its meetings on May 16-17, 2024, the Bank of Jamaica's Monetary Policy Committee (MPC) decided to keep the policy interest rate at 7.0%, ensure stability in the foreign exchange market, and maintain tight Jamaican dollar liquidity. This decision was influenced by the 5.3% inflation rate from April 2023 to April
May 21, 2024 United States: Fed’s Waller Needs ‘Several More’ Months of Good Inflation to Cut Rates Federal Reserve Governor Christopher Waller said he needs to see “several more” months of good inflation figures to begin interest-rate cuts, though recent data suggest progress has likely resumed. Waller said April consumer price figures, which showed a
