United States: U.S. Jobless Claims in Millions Again, Higher Than Expected “The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued to reel from the coronavirus pandemic. Initial jobless claims in state programs totaled 2.98 million in the week ended May 9, Labor Department figures
May 13, 2020 Salada Foods Jamaica Limited (SALF), recorded a 14% increase in turnover for the six months to close at $562.78 million (2019: $494.50 million). Managers stated, “this is attributed to increase sales in both export and contract manufacturing business segments.” As for the second quarter, revenue amounted to $274.32 million (2019: $322.17 million),
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
May 13, 2020 Transjamaican Highway Limited (TJH), for the three months ended March 31, 2020, reported a 1% increase in revenue US$12.96 million relative to US$12.79 million in the corresponding quarter last year. TJH noted that, "revenue consists mainly of Toll Collections. Under the Concession Agreement, the Company also have the right to collect revenues
May 13, 2020 Sagicor Select Funds Limited (SELECT) has advised that the Board has decided not to declare an interim dividend for this period based on a decision by the BOJ and the Financial Sector to temporarily suspend the payment of dividends. Analyst Certification -The views expressed in this research report accurately reflect the personal views
May 13, 2020 Mayberry Jamaican Equities Limited (MJE) has advised that connected parties purchased a total of 9,935,426 MJE shares and that a Director and other connected parties sold a total of 9,704,908 MJE shares. These transactions were conducted during the period May 4 to 11, 2020. Analyst Certification -The views expressed in this research report accurately reflect
Daily Market Summary 13.05.2020 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 be, directly or indirectly,
May 13, 2020 Barita Investments Limited (BIL) has advised that two Directors sold a total of 2,500,000 BIL shares on May 8, 2020 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
May 13, 2020 The final demand for the Producer Price Index decreased 1.3% in April 2020, seasonally adjusted according to the U.S. Bureau of Labor Statistics. Final demand prices fell 0.2% in March and increased 0.6% in February. On an unadjusted basis, “the final demand index moved down 1.2% for the 12 months ended in
Date: May 13, 2020 Kingston Wharves Limited (KW) for the three ended March 31, 2020 reported total revenue of $1.88 billion, a 2% increase relative to the $1.83 billion recorded for the corresponding period in 2019. The Company noted, “The Terminal Operations division generated operating revenue of $1.5 billion for the three-month period, an increase
