July 15, 2020 JMMB Group Limited (JMMBGL) for the year ended March 31, 2020, recorded net interest income of $9.28 billion, a 5% increase when compared with $8.84 billion recorded for the corresponding period in 2019. Interest income for the year amounted to $19.69 billion compared to $17.58 billion reported in 2019. Interest expenses increased
July 15, 2020 Lasco Financial Services Limited (LASF), recorded trading income of $2.40 billion, this represents a growth of 13% when compared to $2.12 billion posted at the end of 2019 while trading income for the fourth quarter amounted to $587.89 million (2019: $489.76 million). LASF noted that, "the segment revenue is comprised of $1.6B from
United States: Markets Walk Dangerous Tightrope Before U.S. Stimulus Expires “The remarkable rebound in U.S. equities from the depths of the Covid-19 crisis in March faces a fresh test in coming weeks, with the American economy set for a withdrawal of a key stimulus support. The average unemployment benefit for Americans put out of work
July 14, 2020 Jamaica Broilers Group (JBG) reported total Revenues of $55.75 billion for the year ended May 2, 2020, a 1% increase on the $55.75 billion reported in 2019. The Jamaica Operations contributed $34.76 billion which represents approximately 62% of total revenues decreasing by 3% relative to $35.86 billion in 2019. US Operations (approximately
United States: U.S. Consumer Prices Climb by Most Since 2012 on Higher Gasoline “U.S. consumer prices posted the biggest monthly gain since 2012 on a rebound in gasoline costs, though inflation remained subdued more broadly amid the pandemic. The consumer price index jumped 0.6% from the prior month, the first increase since February, after a
Consumer Price Index – May 2020 The consumer price index for May 2020 was 103.8 resulting in an inflation rate of 0.1% increase when compared to previous month’s 103.7 price index, according to the Statistical Institute of Jamaica (STATIN). This increase was as result of, ‘Food and Non- Alcoholic Beverages’, the heaviest weighted division 1.1%
United States: Americans’ Aversion to Mask-Wearing Is Holding Back the Economy “The aversion of many Americans to wearing a thin piece of cloth across their faces is restraining an already-shaky economic rebound. In Texas, the second most-populous state and a hotspot of the resurgent Covid-19, Republican Governor Greg Abbott on July 2 ordered mask-wearing in
July 13, 2020 weekly Picks 13.07.2020 WIG 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,
July 10, 2020 The final demand for the Producer Price Index decreased 0.2% in June 2020, seasonally adjusted according to the U.S. Bureau of Labor Statistics. Final demand prices rose 0.4% in May and decreased 1.3% in April. On an unadjusted basis, “the final demand index moved down 0,8% for the 12 months ended in
July 09, 2020 The seasonally adjusted initial claims, advance estimate, fell to 1,314,000, a decrease of 99,000 for the week ending July 4 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised to 1,413,000 from 1,427,000 down by 14,000. In comparison to the previous week’s average, the 4-week moving average
