September 1, 2022 Victoria Mutual Investments Limited (VMIL) has advised of the appointment of Mr. Brian Frazer, CFA as Deputy Chief Executive Officer at Victoria Mutual Investments Ltd. and Victoria Mutual Wealth Management Limited, effective September 1, 2022. For further details, visit www.jamstockex.com. Disclaimer: Analyst Certification - The views expressed in this research report
September 1, 2022 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for August 29, 2022, was J$16.59. MJE’s last traded price on August 29, 2022, was $14.00. The below graph shows MJE’s Net Asset Value movement since 2019. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect
September 1, 2022 Government Operations Results for July 2022 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 date of this report. Each research analyst (s) also certify that no part of their compensation
September 1, 2022 The Bank of Jamaica (BOJ) shared that the country has adequate gross and net international reserves to finance its obligations, cushion against exogenous shocks, and address near to medium-term eventualities. Addressing the BOJ’s digital quarterly media briefing on Friday August 19, Senior Deputy Governor, Dr Wayne Robinson, reported that the gross reserves
September 1, 2022 United States: The Market Is Underestimating Fed Risk Even After Rout, Bank of America Says A late-summer lull is nowhere to be seen in the stock market, with traders recalibrating their expectations after a blunt warning from the Federal Reserve chief in Jackson Hole. Most likely, they have a long ways
August 31, 2022 GraceKennedy Limited (GK) has advised that the Company has come to an agreement with The Bank of Nova Scotia to acquire 100% of Scotia Insurance Caribbean Limited. For further details visit http://www.jamstockex.com Disclaimer: Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited
August 31, 2022 NCB Financial Group Limited (NCBFG) has advised that further to its release dated August 17, 2022, its wholly owned subsidiary, National Commercial Bank Jamaica Limited has successfully raised financing of US$300,000,000.00 (Three Hundred Million United States Dollars) through the securitization of its Credit Card Merchant Voucher Receivables. The transaction was rated
August 31, 2022 United States: US Stocks Rise as Fresh Data Reassures Traders: Markets Wrap US stocks rose and short-dated Treasuries trimmed earlier losses after weaker-than-expected private jobs data reassured traders. The S&P 500 and the Nasdaq 100 climbed. Revamped ADP data showed US companies increased headcount at a relatively sluggish pace in August,
August 30, 2022 Fontana Limited (FTNA) Financials for the year ended June 30, 2022: - Fontana Limited (FTNA) for the year ended June 30, 2022, recorded an 23% increase in revenues to total $6.34 billion compared to $5.15 billion for the same period in 2021. The Company’s revenue for the fourth quarter rose 0.48% to $1.67 billion (2021: $1.66 billion). Management stated,
August 30, 2022 Sygnus Credit Investments Limited In United States dollars (except where it is indicated otherwise): Sygnus Credit Investments Limited, for the year ended June 30, 2022, reported Interest Income of US$10.22 million, a 24% increase on the US$8.22 million recorded in 2021. For the quarter, Interest Income rose 15% to US$2.97 million (2021: US$2.60 million). While Interest
