May 25, 2023 United States: Fed Traders Are Fully Pricing In Another Rate Hike Once Again Traders are now fully pricing in another quarter-point interest rate increase by the Federal Reserve within the next two policy meetings and a more than one-in-two chance that it could be as soon as next month. The shift
May 24, 2023 Sagicor Select Fund Manufacturing & Distribution (SELECTMD) for the three months ended March 31, 2023 reported net investment loss of $104.48 million relative to a income of $264.86 million booked March 31, 2022. SELECTMD noted, “This negative performance is due to economic uncertainty globally and rising interest rates.” This is comprised of: Interest income
May 24, 2023 Jetcon Corporation Limited (JETCON) for the three months ended March 31, 2023, reported a 30% fall in turnover to $179.71 million (2022: $255.07 million). Cost of sales also decreased by 28% to $154.11 million (2022: $215.37 million), while gross profit declined 36% to $25.60 million compared to $39.70 million in 2022. Total
May 24, 2023 Fontana Limited (FTNA) has advised that the payment of dividends will be considered at a Board of Directors’ meeting to be held on Thursday, June 8, 2023. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer
May 24, 2023 FosRich Company Limited (FOSRICH) has advised that the Company has set the Record Date for the Company’s upcoming Rights Issue. The approved Record Date is Friday, June 2, 2023. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about
May 24, 2023 LASCO Financial Services Limited (LASF) has advised that Mr. James E. D. Rawle was appointed Deputy Executive Chairman on May 18, 2023. 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
May 24, 2023 NCB Financial Group Limited (NCBFG) has advised that the Honourable Michael Lee-Chin, OJ has indicated that he is taking a leave of absence effective immediately from the Boards of NCBFG, National Commercial Bank Jamaica Limited (NCBJ) and Guardian Holdings Limited (GHL) to allow him to focus on certain pressing business and
May 24, 2023 TransJamaican Highway Limited (TJH) has advised that on May 19, 2023, a member of the Audit Committee purchased 800,000 TJH shares. 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
May 24, 2023 Kingston Wharves Limited (KW) has advised that a connected party sold a total of 6,397 KW shares during the period May 19 to 22, 2023. 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
May 24, 2023 Unaudited financial statements for the three months ended March 31, 2023: Investment income decreased by 96% to $10.13 million (2022: $236.94 million). Hotel Income was $448 million. (2022: nil) Total Income increased by 31% to $1.01 billion. (2022: $769.49 million). Operating Expenses increased by 155% to $1.39 billion (2022: $545.64 million).
