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 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).
May 24, 2023 According to England’s Office of National Statistics (ONS) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 7.8% as at April 2023 while the Consumer Prices Index (CPI) rose by 8.7%. CPIH & CPI in March 2023 were 8.9% & 10.1%, respectively. On a monthly basis, CPIH rose by
May 24, 2023 United States: US Mortgage Rates Rise to Highest Since March, Slowing Demand US mortgage rates rose to a more than two-month high, reducing home purchase and refinance activity. The contract rate on a 30-year fixed mortgage increased 12 basis points to 6.69%, according to Mortgage Bankers Association data out Wednesday. The
May 22, 2023 Weekly Picks 22.05.2023 LUMBER 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 was,
May 22, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for May 18, 2023, was J$14.57. MJE’s last traded price on May 18, 2023 was $10.50. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect
May 22, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for May 17, 2023, was J$14.68. MJE’s last traded price on May 17, 2023 was $10.01. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect
May 22, 2023 The Monetary Policy Committee (MPC) of the Bank of Jamaica (BOJ) unanimously decided to keep the policy interest rate at 7% despite the continued downturn of headline inflation, which was 5.8% at April 2023. This should maintain tight Jamaican dollar liquidity and preserve relative stability in the foreign exchange market. The
May 22, 2023 United States: Fed’s Bullard Sees Two More Interest-Rate Hikes Needed in 2023 to Cool Prices Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank will need to raise interest rates twice more this year to quell inflation. “I think we’re going to have to grind higher
