May 18, 2020 weekly Picks 18.05.2020 DTL 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
United States: U.S. Equity Futures Extend Gain on Vaccine Hope: Markets Wrap. “U.S. stock-index futures extended gains on Monday after an experimental vaccine showed promising early signs of helping to fend off the new coronavirus. Crude oil advanced. S&P 500 contracts jumped to session highs after Moderna Inc. said its vaccine tests yielded signs it
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
May 16, 2020 Sterling Investments Limited (SIL) for the three months ended March 31, 2020, reported a 2858% increase in total revenue to $49.33 million compared to $1.67 million recorded for the corresponding period in 2019. Of total revenue: Interest income closed the period at $27.70 million, up 27% from the $21.83 million for the comparable
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
Sagicor Group Jamaica Limited (SJ) for the three months ended March 31, 2020, reported a decline in total revenues by 16% to $16.81 billion from $20.12 billion in 2019. Total revenue is broken down as follows: Net premium revenue went up by 24% to close at 12.85 billion compared to $10.36 billion documented 2019. Management
May 15, 2020 iCreate Limited (iCreate) the three months ended March 31, 2020 reported revenues of $24.51 million, up from $11.90 million reported a year ago. Icreate hightlighted that, “Our growth in revenue is attributable to a number of initiatives that the company took to ensure we deliver on our commitment to our shareholders. They are
May 15, 2020 Everything Fresh (EFRESH) for the three months ended March 31, 2020, reported total revenues of $489.23 million, an 18% decline from the $593.18 million reported for the same quarter period in 2019. Management noted, “The reduction in sales being primarily due to the effects of the Covid-19 Pandemic in March, as well as, the company’s
May 15, 2020 Caribbean Assurance Brokers (CABROKERS), for the three months ended March 31, 2020, reported revenue of $70.10 million compared to the $74.91 million booked for the corresponding period in the prior year, a 6% decrease. This was mainly due to, “foreign exchange gain which declined by $4.44 million,” according to CABROKERS. Other operating income
May 15, 2020 Productive Business Solutions Limited (PBS) for the three months ended March 2020 reported a 4% decrease in revenues from US$43.56 million for the 2019 period to US$41.91 million in 2020. The Company noted that, revenue included " a one-time transaction of US$ 3.2 million in Honduras." Direct expenses decreased 7% to close
