United States: U.S. Equity Futures Extend Gain on Vaccine Hope: Markets Wrap. “U.S. stock-index futures extended gains on Monday after an experimental vaccine showed promising early signs of helping to fend off the new coronavirus. Crude oil advanced. S&P 500 contracts jumped to session highs after Moderna Inc. said its vaccine tests yielded signs it
May 17, 2020 The IMF Executive Board approved Jamaica’s request for emergency financial assistance of about US$520 million to help meet the urgent balance-of-payments needs stemming from the COVID-19 pandemic. The Jamaican authorities have adopted timely and targeted measures to boost health spending and mitigate the economic impact of the pandemic, supporting jobs and vulnerable
May 16, 2020 Sterling Investments Limited (SIL) for the three months ended March 31, 2020, reported a 2858% increase in total revenue to $49.33 million compared to $1.67 million recorded for the corresponding period in 2019. Of total revenue: Interest income closed the period at $27.70 million, up 27% from the $21.83 million for the comparable
May, 16, 2020 Caribbean Cream Limited (KREMI), for the year ended February 29, 2020, reported a 10% increase in revenue to total $1.71 billion compared to $1.55 billion booked last year. Revenue for the fourth quarter rose 16% to close at $470.92 million compared to $405.17 million for the comparable quarter of 2019. Costs
Sagicor Group Jamaica Limited (SJ) for the three months ended March 31, 2020, reported a decline in total revenues by 16% to $16.81 billion from $20.12 billion in 2019. Total revenue is broken down as follows: Net premium revenue went up by 24% to close at 12.85 billion compared to $10.36 billion documented 2019. Management
May 15. 2020 Eppley Limited (EPLY) for the three months ended March 31, 2020, reported interest income of $91.29 million a 1% or $544,000 decrease when compared $91.83 million recorded for the corresponding period in 2019. Interest expenses for the period amounted to $50.03 million, a 10% increase when compared to $45.30 million recorded in the
United States: U.S. Retail Sales Fell 16.4% in April, Worse Than March Record “U.S. retail sales plunged in April, shattering the prior record set just a month earlier, as the coronavirus pandemic shuttered businesses, spurred layoffs and kept Americans at home. Revenue at retailers and restaurants fell 16.4% in April from the prior month, almost double
May 14, 2020 tTech Limited (tTech), for the three months ended March 31, 2020, booked a 32% increase in revenues to $87.55 million compared to $66.47 million recorded for the prior financial year’s first quarter. Ttech noted, "Security Awareness Training and CyberSecurity threat response activities contributed to the revenue growth as we helped more customers
May 14, 2020 Honey Bun (1982) Limited for the six months ended March 31, 2020 period reported revenues of $875.98 million, 13% up from $775.48 million reported a year ago. HONBUN stated that, “This was a result of increased capacity from production equipment upgrades.” For the quarter, revenues grew by 12% to $453.50 million (2019:
May 14, 2020 Click on the link below. https://www.mayberryinv.com/strategic-investing-magazine/ 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,
