February 16, 2024 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for February 12, 2024, was J$13.58. MJE’s closing price on February 12, 2024 was $9.53. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification - The views expressed in this research
February 16, 2024 The Statistical Institute of Jamaica (STATIN) reported that for January 2024, the point-to-point inflation rate was +7.4%; 0.5 percentage points higher than the prior point-to-point inflation rate. However, for the month of January 2024, the inflation rate was -0.1%. The main driver of the monthly decrease (0.1%) was a 0.7% decline
February 16, 2024 Barita Investments Limited (BIL) for the first quarter ended December 31, 2023, reported a 33% decrease in Net interest income totalling $147.14 million compared to $220.75 million for the quarter ended December 31, 2022. Fees and Commission Income for the quarter ended December 31, 2023, amounted to $812.11 million (2022: $660.84 million).
February 16, 2024 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 4.2% in the 12 months to January 2024, same as it did in December 2023. The Consumer Prices Index (CPI) rose by 4.0%, same as it did in December 2023. On a
January 16, 2024 In January, the Producer Price Index (PPI) for final demand in the United States increased by 0.3 percent, after experiencing a decline of 0.1 percent in December 2023 and an advance of 0.1 percent in November. The unadjusted basis shows a rise of 0.9 percent for the 12-month period ending January 2024.
February 16, 2024 Seprod Limited (SEP) for the year ended December 31, 2023, reported a 44% increase in turnover totalling $113.04 billion compared to $78.43 billion in the corresponding period last year. Turnover for the fourth quarter had a 9% increase to close at $30.84 billion compared to $28.23 billion for the comparable quarter
February 16, 2024 JMMB Group Limited (JMMBGL) for the Nine months ended December 31, 2023, reported a 15% increase in Interest income totalling $29.73 billion compared to $25.79 billion in the corresponding period last year. Interest income for the third quarter had a 10% increase to close at $10.20 billion compared to $9.29 billion for
February 16, 2024 United States: Fed’s Bostic Says May Take ‘Some Time’ to Hit Rate-Cut Threshold Federal Reserve Bank of Atlanta President Raphael Bostic said there’s no rush to cut interest rates with the US labor market and economy still strong, and cautioned it’s not yet clear that inflation is heading sustainably to the
February 16, 2024 Expressed in Barbados dollars unless otherwise stated: Eppley Caribbean Property Fund Limited SCC (CPFV) for the first quarter ended December 31, 2023, reported an 11% decrease in total investment income totalling BDS$2.17 million compared to BDS$2.45 million in the corresponding three months last year. Interest Income and other income amounted to
February 15, 2024 Salada Foods Jamaica Ltd. (SALF) for the first quarter ended December 31, 2023, reported a 2% increase in turnover totalling $299.89 million compared to $294.04 million in the corresponding three months last year. Cost of sales amounted to $208.18 million (2022: $200.56 million), this represents an increase of 4% year over
