Daily Market Summary- May 24, 2019

Daily Market Summary 24.05.19 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, or will be, directly

Overseas Headlines- May 24, 2019

United States: U.S. Business-Equipment Orders Decline by More Than Expected Orders with U.S. factories for business equipment declined in April by more than expected in the first drop this year, signaling deepening fallout from the trade war with China even before the latest increase in tariffs. A proxy for business investment -- non-military capital goods

Daily Market Summary- May 22, 2019

Daily Market Summary 22.05.19 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, or will be, directly

USA Monthly Economic Review – April 2019

Date: May 22, 2019 Please see attached USA Monthly Economic Review. USA Economic Review - April 2019 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

Overseas Headlines- May 22, 2019

United States: Fed May Shed Clues on Debate Over Rate Cut: Minutes Preview Federal Reserve Chairman Jerome Powell has cautioned against the need for an interest-rate cut. A record of the U.S. central bank’s most recent meeting could reveal if policy makers in fact discussed that option. Minutes of the Federal Open Market Committee’s April

Overseas Headlines- May 21, 2019

United States: QE May Be Over, But the Fed’s U.S. Debt Hoard Is About to Soar If you thought the Federal Reserve was done with quantitative easing, you might only be half right. As soon as next year, analysts say the Fed will resume large-scale buying of debt securities -- this time just U.S. Treasuries

Daily Market Summary – May 20, 2019

Daily Market Summary 20.05.19 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, or will be, directly

Trade in shares: tTech Limited (TTECH)

Date: May 20, 2019 tTech Limited (TTECH) has advised that a Director purchased 25, 000 TTECH shares and that a Senior Manager sold 25,000 TTECH shares. These transactions were conducted on May 14, 2019.

Trade in shares: NCB Financial Group Limited (NCBFG)

Date: May 20, 2019 NCB Financial Group Limited (NCBFG) has advised that a connected party purchased 1,410 NCBFG shares and that a Senior Officer sold 10,023 NCBFG shares. These transactions were conducted on May 16, 2019.

Overseas Headlines- May 20, 2019

United States: Fed’s Kaplan Says Watching Trade War Impact on Economy, Prices Federal Reserve Bank of Dallas President Robert Kaplan says trade tensions might have a chilling effect on the U.S. and global economy, and he’s also watching for the potential effects on inflation. Some end-markets may be jeopardized by the U.S.-China trade dispute, but

Daily Market Summary – May 7, 2019

Daily Market Summary 07.05.19 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, or will be, directly

Dividend Consideration: CAC 2000 Limited (CAC)

Date: May 7, 2019 CAC 2000 Limited (CAC) has advised that the Company intends to distribute up to 20% of its audited after-tax profits as dividends, paid twice yearly. CAC further advised that this policy is subject to periodic review on the basis of the operating and economic environment and the financing requirements for the

Dividend Consideration: Salada Foods Jamaica Limited (SALF)

Date: May 7, 2019 Salada Foods Jamaica Limited (SALF) has advised that the Board will be considering whether or not to make a dividend payment to the Company’s shareholders at the next Board meeting scheduled to take place on Monday, May 13, 2019 at 20 Bell Road, Kingston 11.

Special Advisory: Lasco Distributors Limited (LASD)

Date: May 7, 2019 Lasco Distributors Limited (LASD) has advised that Mr. Peter Chin has resigned as Managing Director and Deputy Chairman form the Board of LASD effective April 30, 2019. LASD further advised that Mr. Dwaine Williams, the General Manager, in collaboration with the Executive Chairman, Mr. Lascelles Chin, will assume the responsibilities and

Special Advisory: Mayberry Investments Limited (MIL)

Date: May 7, 2019 Mayberry Investments Limited (MIL) has advised that the Company and the Jamaica Central Securities Depository (JCSD) are in the process of completing the reconciliation of all applications in respect of the Wigton Windfarm Limited Initial Public Offering. The preliminary basis of allotment will be as follows: First, Reserved Share Applicants will

Overseas Headlines- May 7, 2019

United States: Mexico Border Delays Weigh on U.S. Investment and Factories More cargo from Mexico to the U.S. is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies. Slower trade between the countries since federal border officers were recently redirected to deal with a surge

Daily Market Summary – May 6, 2019

Daily Market Summary 06.05.19 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, or will be, directly

Special Advisory: Supreme Ventures Limited (SVL)

Date: May 6, 2019 Supreme Ventures Limited (SVL) has advised that the Company has signed a Letter of Intent with the principals of Post to Post Holdings Limited, (the operators of the sports gaming business known as “Any Bet”), for the acquisition of a majority shareholding in the latter company. SVL has further advised that

Overseas Headlines- May 6, 2019

United States: Trump's Tariff Threat Leaves Beijing Stalling on Next Talks Talks between the U.S. and China to resolve their year-long trade standoff appeared to be on life-support Monday, with Beijing struggling to respond to tweets by President Donald Trump that threaten an escalation of tariffs by the end of the week. China’s foreign ministry

Dividend Consideration: GraceKennedy Limited (GK)

Date: May 3, 2019 GraceKennedy Limited (GK) has advised that the Board of Directors will on Thursday, May 9, 2019 consider a resolution for the declaration of an interim dividend to be paid in June 2019.

Overseas Headlines- May 3, 2019

United States: U.S. Jobs Top Forecast at 263,000 Gain; Wages Miss Estimates The U.S. economy accelerated its rebound from a recent soft patch as unemployment unexpectedly fell to a fresh 49-year low amid surprisingly strong hiring and cooler-than-projected wage gains, suggesting the hot labor market can extend its run. Payrolls climbed by 263,000 in April

Daily Market Summary – May 2, 2019

Daily Market Summary 02.05.19 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, or will be, directly

Special Advisory: NCB Financial Group Limited (NCBFG)

NCB Financial Group Limited (NCBFG) has provided the following update regarding the bid by its wholly owned subsidiary, NCB Global Holdings Limited (NCBGH), to acquire a controlling interest in Guardian Holdings Limited (GHL): All the terms and conditions of the Offer have been complied with or waived as of the 2nd day of May, 2019.

Overseas Headlines- May 2, 2019

United States: Powell Brushes Aside Rate-Cut Pressure With Confidence on Prices Federal Reserve Chairman Jerome Powell pushed back against pressure for interest-rate cuts from traders and President Donald Trump, saying inflation will rebound and the economy will stay healthy without fresh help from the central bank. “We don’t see a strong case for moving in

Daily Market Summary – May 1, 2019

Daily Market Summary 01.05.19 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, or will be, directly

Appointments: Barita Investments Limited (BIL)

Date: May 1, 2019 BIL has also advised of the following Senior Management appointments: Jason Chambers – Managing Director, Barita Unit Trusts Management Limited in addition to his    responsibilities as Group Chief Investment Officer Mrs. Paula Barclay – General Manager, BIL Ramon Small-Ferguson - Vice President Asset Management & Research, BIL

Overseas Headlines- May 1, 2019

United States: Fed Eyes Inflation as Trump Pushes Cut: Decision-Day Guide Federal Reserve policy makers may decide Wednesday that falling inflation reinforces a message of caution on interest-rate moves, rather than bowing to President Donald Trump’s demands for drastic action to boost the U.S. economy. The Federal Open Market Committee is all but certain to

Special Advisory: CAC 2000 Limited (CAC)

Date: April 30, 2019 CAC 2000 Limited (CAC) has advised that the Company conducted a tender process for external Auditors’ services for the year ending October 31, 2019. CAC has further advised that based on the result of the tender process, the Company will be officially changing Auditors from KPMG to PWC. This will be

Special Advisory: Sagicor Group Jamaica Limited (SJ)

Date: April 30, 2019 Sagicor Group Jamaica Limited (SJ) has advised that 46,800 SJ shares held under the Employee Share Ownership Plan (ESOP) of the Company were transferred to Sagicor Employees on April 25, 2019.

Special Advisory: NCB Financial Group Limited (NCBFG)

Date: April 30, 2019 NCB Financial Group Limited (NCBFG) has issued a release regarding the bid by its wholly owned subsidiary, NCB Global Holdings Limited (NCBGH), to acquire a controlling interest in Guardian Holdings Limited (GHL). NCBFG has advised that the Offer will remain open for acceptance until the 3rd day of May, 2019 at

Daily Market Summary – April 30, 2019

Daily Market Summary 30.04.19 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, or will be, directly

KREMI reports a 1% decline in year end net profits

Date: April 30, 2019 Caribbean Cream Limited (KREMI), audited results for the year ended February 28, 2019, reported a 13% increase in revenue totalling $1.55 billion compared to $1.37 billion in the corresponding period last year. Revenue for the fourth quarter rose 6% to close at $405.17 million compared to $381.04 million for the comparable

Overseas Headlines- April 30, 2019

United States: The Fed Has a Problem at the Heart of Its Battle to Spark Inflation There’s a flaw at the heart of central banking’s approach to inflation targeting that’s become a hot issue for the Federal Reserve as it takes a long, hard look at its strategy. For decades, central bankers have pursued price

Daily Market Summary – April 29, 2019

Daily Market Summary 29.04.19 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, or will be, directly

Dividend Declaration: Supreme Venture Limited (SVL)

Date: April 29, 2019 Supreme Venture Limited (SVL) has advised that the Board of Directors confirmed that a dividend amount of twenty one (21) cents per stock unit is to be paid to shareholders in accordance with the following Resolutions: “We the Directors hereby agree that the dividend in the amount of twenty one (21)

Dividend Declaration: Productive Business Solutions Limited (PBS)

Date: April 29, 2019 Productive Business Solutions Limited (PBS) has advised that the Company has declared a dividend of US$0.00811 payable to common shareholders on record as at May 10, 2019. The payment date is May 27, 2019 and the ex-dividend date is May 9, 2019.

Dividend Declaration: Jetcon Corporation Limited (JETCON)

Date: April 29, 2019 Jetcon Corporation Limited (JETCON) has advised that at the meeting of the Board on Saturday April 27, 2019, the Board approved the payment of an interim dividend of $0.03 per share, to be paid on August 15, 2019. The record date will be July 15, 2019 and the ex-dividend date is

Overseas Headlines- April 29, 2019

United States: Fed May End Up Seeing 1995-96 Rate Cuts as a Template for Today As Federal Reserve Chairman Jerome Powell and his colleagues gather this week for a policy making meeting, some of them will likely have 1995 on their mind. That was the year that the Fed initiated a mid-course correction in monetary

Daily Market Summary- April 26, 2019

Daily Market Summary 26.04.19 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, or will be, directly

Overseas Headlines- April 26, 2019

United States: U.S. Growth of 3.2% Tops Forecasts on Trade, Inventory Boost U.S. economic growth accelerated by more than expected in the first quarter on a big boost from inventories and trade that offset a slowdown in consumer spending, bolstering hopes that growth is stabilizing after its recent soft patch. Gross domestic product expanded at

Daily Market Summary – April 25, 2019

Daily Market Summary 25.04.19 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, or will be, directly

USA Monthly Economic Review – March 2019

Please see attached USA Monthly Economic Review. USA Economic Review - March 2019 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

Overseas Headlines- April 25, 2019

United States: U.S. and Japan Starting Next Round of Accelerated Trade Talks U.S. and Japanese negotiators will begin a second round of trade talks in Washington on Thursday as they aim to secure a speedy deal focused on agriculture and vehicles. Japanese Economy Minister Toshimitsu Motegi will hold talks with U.S. Trade Representative Robert Lighthizer,

Daily Market Summary – April 24, 2019

Daily Market Summary 24.04.19 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, or will be, directly

Overseas Headlines- April 24, 2019

United States: Trump’s Top Economist Sees Trade Wars Like Battle Against Scurvy Donald Trump’s top economist has a new analogy for those bemoaning the impacts of the administration’s trade wars: Just think of the U.S. economy as an 18th century warship battling a scurvy outbreak and Trump’s tariffs and other trade weapons as the bitter

Daily Market Summary – April 23, 2019

Daily Market Summary 23.04.19 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, or will be, directly

Overseas Headlines- April 23, 2019

United States: Trump’s Top Economist Sees Trade Wars Like Battle Against Scurvy Donald Trump’s top economist has a new analogy for those bemoaning the impacts of the administration’s trade wars: Just think of the U.S. economy as an 18th century warship battling a scurvy outbreak and Trump’s tariffs and other trade weapons as the bitter

Daily Market Summary – April 16, 2019

Daily Market Summary 16.04.19 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, or will be, directly

Special Advisory: Scotia Investments Jamaica Limited (SIJL)

Date: April 16, 2019 Scotia Investments Jamaica Limited (SIJL) has advised that all its offices will be closed to the public on Wednesday April 17, 2019 to facilitate an important internal meeting. SIJL has also advised that trades in the system for Wednesday will be settled in the usual manner. Normal operating hours will resume

Overseas Headlines- April 16, 2019

United States: Global Trade Talks Consume Plans of Four Biggest Growth Engines Diplomatic efforts to end a global trade war are expanding to multiple fronts as the European Union and Japan begin talks soon with President Donald Trump’s administration just as the U.S. looks to seal a deal with China. As negotiations between Beijing and

Daily Market Summary – April 15, 2019

Daily Market Summary 15.04.19 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, or will be, directly

Dividend Consideration: Supreme Ventures Limited (SVL)

Date: April 15, 2019 Supreme Ventures Limited (SVL) has advised that a meeting of the Board of Directors will be held on Thursday, April 25, 2019 at 9:00 a.m., at which the payment of an interim dividend will be considered.

Special Advisory: NCB Financial Group Limited (NCBFG)

Date: April 15, 2019 NCB Financial Group Limited (NCBFG) has issued a release regarding the bid by its wholly owned subsidiary, NCB Global Holdings Limited (NCBGH), to acquire a controlling interest in Guardian Holdings Limited. NCBFG has advised that the Offer remains open for acceptance until the 30th day of April, 2019 at 4:00 p.m.

KEX reports 23% increase in nine months net profits

Date: April 15, 2019 Knutsford Express Services Limited for the nine months ended reported total revenue of $841.93 million, a 24% or $164.80 million increase when compared with the $677.13 million reported for the same period in 2018. For the third quarter, revenues amounted to $286.82 million, a 24% increase relative to the $231.71 million

Overseas Headlines- April 15, 2019

United States: The Fed Takes a Second Look at Its Good-News Story on American Jobs It began as an inquest into what went wrong. Now the Federal Reserve’s policy rethink may be widening to include the part the central bank thought it had gotten right. Inflation keeps falling short of the Fed’s target, and that

Daily Market Summary – April 12, 2019

Daily Market Summary 12.04.19 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, or will be, directly

Special Advisory: Pulse Investments Limited (PULS)

Date: April 12, 2019 Pulse Investments Limited (PULS) has advised that Pulse Global was launched at 10:30 a.m. on Tuesday, April 9, 2019 at the Palace Cineplex in the Sovereign Centre. For further details, please visit www.jamstockex.com.

SJ reports 15% increase in year end net profits

Date: April 12, 2019 Sagicor Group Jamaica Limited (SJ), for the twelve months ended December 31, 2018 reported that total revenues increased by 1% to $70.66 billion from $69.73 billion in 2017 while for the fourth quarter revenues amounted to $19.18 billion (2017: $16.59 billion) a 16% uptick. Total revenue for the FY2018 was broken

Overseas Headlines- April 12, 2019

United States: JPMorgan Gets One More Boost Off Rate Hikes Before Fed Pause The Fed may have stopped raising borrowing costs for now, but the biggest U.S. bank is still reaping benefits from higher interest rates. JPMorgan Chase & Co. said net interest income -- revenue from customers’ loan payments minus what the bank pays

Daily Market Summary – April 11, 2019

Daily Market Summary 11.04.19 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, or will be, directly

ECL reports 1% increase in nine months net profits

Date: April 11, 2019 Express Catering Limited (ECL) for the nine months ended February 28, 2019 reported a 7% increase in revenue to US$12.11 million (2017: US$11.27 million). Revenue for the quarter advanced 4% to close at US$4.93 million relative to US$4.39 million reported the previous year. Notably, the company stated, “The upgrading works being

MTL reports 17% increase in nine months total comprehensive income

Date: April 11, 2019 In United States dollars (except where it is indicated otherwise): Margaritaville Turks Limited (MTL), for the nine months ended February 28, 2019, reported revenues of $5.52 million versus $4.06 million in the prior corresponding period. Management stated that, “This was earned from the 827,320 passengers that descended on the port for

GENAC reports 29% increase in year end net profits

Date: April 11, 2019 General Accident Insurance Company Limited (GENAC), audited results for the year ended December 31, 2018 reported Gross premium written of $8.74 billion, 23% higher than the $7.11 billion reported for 2017. Reinsurance ceded rose 21% to close at $6.75 billion relative to $5.56 billion booked in 2017. Excess of loss reinsurance

Overseas Headlines- April 11, 2019

United States: Fed Signals a Year of Patience Is Ahead With a Grab Bag of Growth Risks Federal Reserve officials signaled on Wednesday they’re prepared to move interest rates higher or lower as needed, but an unusual mix of risks means they could remain on hold all year. Despite an economy that is forecast to

Daily Market Summary – April 10, 2019

Daily Market Summary 10.04.19 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, or will be, directly

Board Appointment: Paramount Trading (Jamaica) Limited (PTL)

Date: April 10, 2019 Paramount Trading (Jamaica) Limited (PTL) has advised that as at March 31, 2019, Mr James Lechler has been appointed as an independent non-executive member of the Compensation Committee following the casual vacancy left by the passing of Mr. Daryl Fong Kong.

Overseas Headlines- April 10, 2019

United States: Fed Is Likely Unswayed by Clamor for Rate Cuts: Minutes Preview As financial markets and the Trump administration clamor for lower interest rates in the face of a slowing economy, the Federal Reserve is refusing to see any rush. Analysts will be seeking clues to the limits of that patience on Wednesday, when

Daily Market Summary – April 09, 2019

Daily Market Summary 09.04.19 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, or will be, directly

Special Advisory: Radio Jamaica Limited (RJR)

Date: April 9, 2019 Radio Jamaica Limited (RJR) has advised of the appointment of Joseph M. Matalon as Chairman to replace Hon. Oliver F. Clarke, O.J. who has given notice that he will demit office on April 30, 2019.  Mr. Clarke will continue to serve as a director. RJR has also advised that the Company

Survey of Business and Consumer Confidence First Quarter 2019 Summary

Date: April 9, 2018 Survey of Business & Consumer Confidence Index The Jamaica Chamber of Commerce announced the results of the 2019 1st Quarter Business and Consumer Confidence Indices at the JCC Secretariat. The presentation was led by Mr. Andre Gooden, followed by Mr. Don Anderson, Managing Director at Market Research Services Ltd whom presented

Daily Market Summary – April 05, 2019

Daily Market Summary 05.04.19 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, or will be, directly

Overseas Headlines- April 05, 2019

United States: U.S. Payrolls Top Estimates With 196,000 Rise as Wages Cool U.S. hiring rebounded more than forecast in March and the prior month was stronger than first reported, potentially relieving some concerns about a cooling economy. Wage gains eased and the unemployment rate held near a 49-year low. Payrolls rose 196,000 after a 33,000

Daily Market Summary – April 04, 2019

Daily Market Summary 04.04.19 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, or will be, directly

Special Advisory: Sagicor Group Jamaica Limited (SJ)

Date: April 4, 2019 Sagicor Group Jamaica Limited (SJ) has advised that 45,600 SJ shares held under the Employee Share Ownership Plan (ESOP) of the Company were transferred to Sagicor Employees on March 28, 2019.

Appointments: JMMB Group Limited (JMMBGL)

JMMB Group Limited (JMMBGL) has advised of the following appointments effective April 1, 2019: Julian Mair as Group Chief Capital Markets Officer Damion Brown as Group Chief Investments Officer; and Dereck Rajack as Group Chief Risk Officer

Overseas Headlines- April 4, 2019

United States: For U.S. Business, Trump's China Deal Can't Come Soon Enough Pretty much everyone from farmers in the American grain belt to importers of technology products wants an end to President Donald Trump’s trade war with China. For Tore Torvund, who runs a silicon materials manufacturer, however, Trump striking a deal with Beijing has

Special Advisory: NCB Financial Group Limited (NCBFG)

Date: April 3, 2019 NCB Financial Group Limited (NCBFG) has advised that in an effort to create a more cohesive sales and service experience for National Commercial Bank Jamaica Limited’s (NCBJ) consumer, SME and corporate customers, effective April 5, 2019, NCBJ’s Retail and Corporate Banking Divisions will be consolidated. The combined division will be called

Special Advisory: The Jamaica Stock Exchange (JSE)

Date: April 3, 2019 The Jamaica Stock Exchange (JSE) has advised that the Company has signed a Master Services Agreement with Blockstation on March 29, 2019 to enable the trading of digital assets and security tokens. The JSE has also advised that it has entered into an agreement with Nasdaq, for Nasdaq to deliver matching

Trade in shares: Mayberry Investments Limited (MIL)

Date: April 3, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 20,502 MIL shares and that a Director sold 721 MIL shares. These transactions were conducted on March 29, 2019.  

Daily Market Summary – April 3, 2019

Daily Market Summary 03.04.19 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, or will be, directly

Overseas Headlines- April 3, 2019

United States: Fed Risks Stoking Financial Bubble in Drive to Lift Inflation The Federal Reserve risks stoking the same sort of asset bubbles that Chairman Jerome Powell has linked to the last two recessions with its new-found eagerness to fan inflation. The Fed’s surprise pivot away from any interest rate increases this year has boosted

Daily Market Summary – April 02, 2019

Daily Market Summary 02.04.19 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, or will be, directly

Special Advisory: iCreate Limited (ICREATE)

Date: April 2, 2019 iCreate Limited (ICREATE) has advised that the Company and the Kingston & St Andrew Municipal Corporation (KSAMC) signed a memorandum of understanding (MOU) to train forty (40) young people from the KSAMC in Digital Video Production.  For more details, visit the JSE’s website, www.jamstockex.com.  

Special Advisory: Sagicor Group Jamaica Limited (SJ)

Date: April 2, 2019 Sagicor Group Jamaica Limited (SJ) has also advised that the meeting of the Board of Directors scheduled to be held on April 1, 2019 to declare a first interim dividend was postponed.  The new date for this meeting will be advised as soon as it has been determined.

Special Advisory: MPC Caribbean Clean Energy Limited (MPCCEL)

Date: April 2, 2019 MPC Caribbean Clean Energy Limited (MPCCEL) has advised that on the 27th of March 2019 the Company was submitted as a shareholder who invested in the Cayman Islands based company MPC Caribbean Clean Energy Fund LLC for a committed amount of USD 10,650,000.00. MPC Caribbean Clean Energy Fund LLC (Fund) is

Overseas Headlines- April 2, 2019

United States: If You Think Trump’s China Policy Is Tough, Wait for Car Tariffs President Donald Trump’s threat to restrict foreign car imports would have a greater effect on the global economy than the U.S.-China conflict, according to World Trade Organization Chief Economist Robert Koopman. “Let me suggest a back-of-the-envelope calculation,” Koopman told reporters on

Daily Market Summary – April 01, 2019

Daily Market Summary 01.04.19 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, or will be, directly

EFRESH reports 56% decline in year end net profits

Date: April 1, 2019 Everything Fresh Limited (EFRESH), audited results for the year ended December 31, 2018 reported that Revenue grew by 4% for the period amounting to $1.88 billion, up from $1.81 billion reported a year ago. For the fourth quarter, revenues totaled of $488.68 million, a 10% increase when compared to last period’s

Special Advisory: NCB Financial Group Limited (NCBFG)

Date: April 1, 2019 NCB Financial Group Limited (NCBFG) has advised that on March 20, 2019, a total of 15,255 NCBFG shares were transferred to Executive Officers of NCBFG subsidiaries as a result of the winding-up of the NCB Employees Share Scheme. On April 1, 2019, NCBFG provided additional updates on the status of the

ISP reports 13% decline in year end net profit

Date: April 1, 2019 ISP Finance Services Limited (ISP), audited results for the year ended December 31, 2018 reported total interest income amounted to $306.57 million compared to $288.74 million in 2017, an increase of 6%. For the quarter, total interest income amounted to $92.70 million (2017: $78.49 million). Total income is broken down as follows:

EPLY reports 74% increase in year end net profits

Date: April 1, 2019 Eppley Limited (EPLY), audited results for the year ended December 31, 2018 reported interest income of $319.19 million a 22% or $57.78 million increase when compared $261.41 million recorded for the corresponding period in 2017. Total interest income for the quarter amounted to $84.77 million a 20% increase when compared to the

IronRock reports year end net profit of $2.77 million

Date: April 1, 2019 IronRock Insurance Company Limited (ROC), audited results for the year ended December 31, 2018 posted gross premium of $571.84 million relative $424.46 million; this represents a 35% increase. Change in gross provision for unearned premiums amounted to $42.11 million compared to $142.65 million in 2017. As a result, gross insurance premium revenue

Overseas Headlines- April 1, 2019

United States: Fed's Quarles Says Interest Rate Increases May Yet Be Needed Federal Reserve Vice Chairman for Supervision Randal Quarles said he’s still upbeat about the U.S. economy and expects additional interest-rate increases may be necessary “at some point.” Quarles said he supported the Fed’s recent decision to put additional moves on hold following four

Trade in Shares: Sagicor Group Jamaica Limited (SJ)

March 29, 2019 Sagicor Group Jamaica Limited (SJ) has advised that 205,058 SJ shares held under the Employee Share Ownership Plan (ESOP) of the Company were transferred to Sagicor Employees and Executives during the period March 20 to 22, 2019.The aforementioned advisory supersedes the following notice published on March 28, 2019: “SJ has advised that

Dividend Declaration: Jamaica Broilers Group Limited (JBG)

March 29, 2019 Jamaica Broilers Group Limited (JBG) has advised that at a Board meeting held on March 27, 2019 an interim dividend of $0.20 per share was declared. The dividend will be paid on April 30, 2019 to shareholders on record as at April 10, 2019. The ex-dividend date is April 9, 2019.

Dividend Declaration: Berger Paints Jamaica Limited (BRG)

March 29, 2019 Berger Paints Jamaica Limited (BRG) has advised that the Board of Directors, on March 27, 2019, passed a resolution recommending that a final dividend of J$0.307 per share be paid on May 28, 2019 to shareholders on record as at May 10, 2019. The ex-dividend date is May 9, 2019.

Special Advisory: Barita Investments Limited (BIL)

Date: March 29, 2019 Barita Investments Limited (BIL) Sagicor Investments Limited has advised of the closure of Barita Investments Limited’s Non-Renounceable Rights Issue. The Offer, made subject to the Circular Letter of BIL dated January 28, 2019, closed on March 25, 2019 at 4:00 p.m.

Overseas Headlines- March 29, 2019

United States: U.S. Consumer Spending Misses Forecasts as Inflation Eases U.S. consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook. Purchases, which account for about 70 percent of the economy, rose 0.1 percent from the

Daily Market Summary – March 28, 2019

Daily Market Summary 28.03.19 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, or will be, directly

Board Appointment: tTech Limited (TTECH)

Date: March 28, 2019 tTech Limited (TTECH) has advised that the following appointments became effective on March 25, 2019 and not February 2019 as previously indicated: Mrs. Lesley Cousins, Manager, Project Management Office Ms. Nardia Puran, Service Desk Manager

Special Advisory: Jamaica Public Service Company Limited (JPS)

March 28, 2019 Jamaica  Public Service Company Limited (JPS) has advised that Sagicor Investments Jamaica Limited and Sagicor Bank Jamaica Limited have successfully raised US$180 million via two bond offers and syndicated loan for the Company. JPS has further advised that the proceeds of the raise will go towards refinancing one of the Company’s existing

Trade in Shares: Lasco Financial Services Limited (LASF)

March 28, 2019 Lasco Financial Services Limited (LASF) has advised that a Senior Manager and a connected party sold a total of 1,245,527 LASF shares and that a connected party purchased 172,003 LASF shares. These transactions were conducted during the period March 21 to 25, 2019.

Trade in Shares: Sagicor Group Jamaica Limited (SJ)

Date: March 28, 2019 Sagicor Group Jamaica Limited (SJ) has advised that two Senior Managers purchased a total of 168,058 SJ shares and that two connected parties sold a total of 205,058 SJ shares. These transactions were conducted during the period March 20 to 22, 2019.

Overseas Headlines- March 28, 2019

United States: U.S. Trade Team Back in Beijing as China Sees Much Still to Do U.S. trade officials including Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer landed in Beijing Thursday for talks aimed at nailing down a deal with China, as an official there warned there are still many issues outstanding. Arriving at

Bank of Jamaica lowers policy rate

Date: March 27, 2019 Bank of Jamaica announces its decision to lower the policy interest rate (the rate offered on overnight balances1 at Bank of Jamaica) by 25 basis points to 1.25 per cent. The decision to lower the policy rate is aimed at supporting inflation returning to and remaining on target (4.0 per cent

Daily Market Summary- March 27, 2019

Daily Market Summary 27.03.19 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, or will be, directly

Dividend Consideration: Sagicor Group Jamaica Limited (SJ)

Date: March 27, 2019 Sagicor Group Jamaica Limited (SJ) has advised that the Board of Directors’ meeting scheduled to be held on March 29, 2019, at which consideration would be given to the payment of an interim dividend, has been rescheduled. The meeting will now be held on Monday, April 1, 2019.

Trade in Shares: Mayberry Investments Limited (MIL)

Date: March 27, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 480,284 MIL shares and that a connected party sold 334,999 MIL shares. These transactions were conducted on March 25, 2019.

Overseas Headlines- March 27, 2019

United States: U.S. January Trade Gap Narrows as Imports From China Plummet The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost. The deficit in goods and services narrowed

Daily Market Summary- March 26, 2019

Daily Market Summary 26.03.19 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, or will be, directly

Trade in Shares: Supreme Ventures Limited (SVL)

Date: March 26, 2019 Supreme Ventures Limited (SVL) has advised that a connected party purchased 55,000 SVL shares and that a connected party sold 1,500 SVL shares. These transactions were conducted during the period March 19 to 20, 2019.

Overseas Headlines- March 26, 2019

United States: Trump Fed Pick Moore Has Burned Bridges But Made Few GOP Enemies President Donald Trump’s pick for an open Federal Reserve board seat, Stephen Moore, has sharply criticized some of the Republican senators whose votes he’ll need for confirmation. Yet that hasn’t made him many enemies. “I’ve known him a long time and

Daily Market Summary- March 25, 2019

Daily Market Summary 25.03.19 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, or will be, directly

Overseas Headlines- March 25, 2019

United States: Fed Policy ‘About Right’ After Pivot, Economists Say The Federal Reserve is getting monetary policy “about right” after pivoting in recent weeks to a decidedly more dovish posture than at the end of 2018, according to a plurality of economists surveyed by Bloomberg. Just under half of all respondents to a March 21-22

Daily Market Summary- March 22, 2019

Daily Market Summary 22.03.19 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, or will be, directly

Special Advisory: Caribbean Cement Company Limited (CCC)

Date: March 22, 2019 Caribbean Cement Company Limited (CCC) has announced that the Company will rectify its Register of Members to (i) strike out the name of Scancem International (St. Lucia) Limited (“Scancem”) as the registered holder of 42,187,482 ordinary stock units (4.96% of the issued stock units) in the Company, and (ii) insert in

Trade in Shares: NCB Financial Group Limited (NCBFG)

Date: March 22, 2019 NCB Financial Group Limited (NCBFG) has advised that three Directors purchased 19,162,386 NCBFG shares and that a connected party sold 19,141,110 NCBFG shares. These transactions were conducted during the period March 20 to 21, 2019.

Overseas Headlines- March 22, 2019

United States: The U.S. Bond Market Fools Traders Once Again U.S. Treasuries are, once again, proving to be a buy at almost any price. After the Federal Reserve’s surprise dovish turn this week, investors have piled into the $15.8 trillion market, leaving the 10-year note yielding less than 2.5 percent. Just a few months ago,

USA Monthly Economic Review – February 2019

Please see attached USA Monthly Economic Review. USA Economic Review - February 2019 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

Overseas Headlines- March 21, 2019

United States: Powell Aims to Dodge Japan Deflation Trap With Dovish Fed Tilt Almost 40 years after Paul Volcker brought the U.S. economy to its knees to bring inflation down, Federal Reserve Chairman Jerome Powell and his colleagues are on a mission to stoke price pressures and avoid a Japan-like deflationary trap. Declaring that too-low

Daily Market Summary – March 20, 2019

Daily Market Summary 20.03.19 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, or will be, directly

Trade in Shares: Mayberry Jamaican Equities Limited (MJE

Date: March 20, 2019 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 15,265 MJE shares and that a connected party sold 8,000 MJE shares. These transactions were conducted on March 18, 2019.

Trade in Shares: Mayberry Investments Limited (MIL)

Date: March 20, 2019 Mayberry Investments Limited (MIL) has advised that a connected party purchased 241,007 MIL shares and that a connected party sold 170,001 MIL shares. These transactions were conducted on March 18, 2019.

Overseas Headlines- March 20, 2019

United States: Fed May Retain Bias to Hike Interest Rates: Decision-Day Guide Federal Reserve Chairman Jerome Powell says the central bank has no bias in whether its next move is up or down, but his colleagues may deliver a more hawkish message. The Federal Open Market Committee is likely to forecast one interest-rate increase for

Daily Market Summary – March 19, 2019

Daily Market Summary 19.03.19 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, or will be, directly

Overseas Headlines- March 19, 2019

United States: Rate-Hike Patience May Leave Fed in a Bind If Inflation Softens Federal Reserve officials say they’re willing to tolerate an overshoot of their inflation goal. If the opposite happens, the plan is less clear. Core inflation, excluding energy and food prices, is currently just shy of the central bank’s 2 percent target. Most

Monthly inflation rate of 0.1% for February 2019

Date: March 18, 2019 Consumer Price Index – Feburary 2019 The consumer price index for the month of February 2019 recorded an inflation rate of 0.1%, following a 0.2% decline in its index for January 2019, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of February fell to

Overseas Headlines- March 18, 2019

United States: Fed Expected to Hit Rate Cycle’s Peak After One More Hike: Survey The Federal Reserve will bring the current cycle of interest-rate increases to an end after one more hike later this year, according to a new Bloomberg survey of economists. The median of responses in the March 13-15 poll predicted one hike

Overseas Headlines- March 15, 2019

United States: Why the U.S. Trade Deficit Keeps Growing Ever since U.S. President Donald Trump came to power, his administration has focused on shrinking the trade deficit, pressuring foreign countries to reduce barriers to American exports. Yet the government recently reported that the deficit rose significantly in 2018, to $621 billion. What gives? Shouldn’t Trump’s

Daily Market Summary- March 14, 2019

Daily Market Summary 14.03.19 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, or will be, directly

Overseas Headlines- March 14, 2019

United States: China and U.S. to Push Back Trump-Xi Meeting to at Least April A meeting between President Donald Trump and President Xi Jinping to sign an agreement to end their trade war won’t occur this month and is more likely to happen in April at the earliest, three people familiar with the matter said.

Daily Market Summary – March 13, 2019

Daily Market Summary 13.03.19 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, or will be, directly

Overseas Headlines- March 13, 2019

United States: U.S. Business-Equipment Orders Advance by Most in Six Months Orders placed with U.S. factories for business equipment rebounded in January by the most in six months, a sign demand is withstanding concerns about slower global growth and the trade war with China. Non-military capital goods orders excluding aircraft -- a proxy for business

Daily Market Summary – March 12, 2019

Daily Market Summary 12.03.19 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, or will be, directly

Overseas Headlines- March 12, 2019

United States: U.S. Core Inflation Unexpectedly Cools on Autos, Drug Prices A key measure of underlying U.S. inflation unexpectedly eased in February amid falling prices for autos and prescription drugs, giving the Federal Reserve more room to stick to its plan for being patient on raising interest rates. Excluding food and energy, the so-called core

Daily Market Summary – March 11, 2019

Daily Market Summary 11.03.19 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, or will be, directly

DCOVE reports 34% decline in year end net profits

Date: March 11, 2019 Dolphin Cove Limited (DCOVE), for the twelve months ended December 31, 2018 reported total revenue of US$14.89 million, a 10% decrease when compared to US$16.63 million booked the year prior. For the quarter total revenues decline by 9% to close the period at US$3.27 million versus $3.60 million in the previous year.

Overseas Headlines- March 11, 2019

United States: U.S. Retail Sales Rise in January, Stabilizing After a Slump U.S. retail sales stabilized in January after a plunge the prior month that was larger than first reported, indicating consumers may still be able to help support growth after a dismal end to 2018. The value of overall sales rose 0.2 percent after

Daily Market Summary – March 8, 2019

Daily Market Summary 8.03.19 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, or will be, directly

Overseas Headlines- March 8, 2019

United States: Deal or No Deal, Trump’s Trade War With China Has Scarred the Global Economy A deal between the U.S. and China to drop tariffs couldn’t come soon enough for a global economy already showing strains from the trade war. Economists predicted that eye-for-an-eye tariffs by the U.S. and China could eat into world

Daily Market Summary – March 7, 2019

Daily Market Summary 7.03.19 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, or will be, directly

Overseas Headlines- March 7, 2019

United States: U.S. Trade Gap Surged to $621 Billion in 2018, 10-Year High The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports. The annual

Daily Market Summary – March 5, 2019

Daily Market Summary 5.03.19 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, or will be, directly

Overseas Headlines- March 5, 2019

United States: Trump's Trade Step Shows U.S. Can Hit Turkey Where It Hurts President Donald Trump’s decision to strip some Turkish exporters of their preferential trade status is taken from a playbook that’s been effective in the past. American officials are pressing Ankara to abandon its longstanding agreement to buy a Russian air defense system.

JETCON reports 40% decrease in year end net profits

Date: March 4, 2019 Jetcon Corporation Limited (JETCON), for the twelve months December 31, 2018 reported turnover for the twelve months fell by 1% to $1.16 billion (2017: $1.18 million) while for the fourth quarter revenues dipped to $269.19 million in 2018 from $290.04 million in 2017. Cost of sales also increased by 5% to

KW reports 19.6% increase in year end net profits

Date: March 4, 2019 Kingston Wharves Limited (KW) for the year ended December 31, 2018 reported total revenue of $7.25 billion, a 13.9% or $884.33 million increase relative to the $6.37 billion recorded for the corresponding period in 2017. Of this the terminal operations segment booked revenues of $5.34 billion (2017: $4.92 billion), while Logistics

SOS reports 10% increase in year end net profits

Date: March 4, 2019 Stationery & Office Supplies Ltd. (SOS), for the year ended December 31, 2018, reported year end revenue of $1.06 billion relative to $906.51 million in 2017 a 17% increase, while for the fourth quarter revenues moved from $241.63 million to $262.92 million in 2018. The company’s cost of sales totaled $559.85 million

Special Advisory: Jamaica Stock Exchange (JSE)

Date: March 1, 2019 Jamaica Stock Exchange (JSE) wishes to inform that on Friday, March 1, 2019, the JSE will introduce a new index, the JSE Financial Index. The JSE Financial Index will track the performance of financial services companies, which includes insurance companies, banks, microfinance companies, consumer finance companies and diverse financial services companies

Special Advisory: GraceKennedy Limited (GK)

Date: March 1, 2019 GraceKennedy Limited (GK) has advised that the Board of Directors at a meeting held on February 28, 2019, passed the following Resolution: “That interim dividend of 35 cents per stock unit be paid on 4th April 2019 to the stockholders on record at the close of business on 15th March 2019.”

Dividend Consideration: Barita Investments Limited (BIL)

Date: March 1, 2019 Barita Investments Limited (BIL) has advised that a meeting of the Board of Directors will be held on Friday, March 8, 2019, at which time the Directors will consider and (if thought fit) recommend the payment of an interim dividend to ordinary stockholders.

BPOW reports 51% increase in nine months net profits

Date: March 1, 2019 BPOW for the nine months ended January 31, 2019 revenues increased by 11% to $1.27 billion relative to $1.15 million recorded in 2018. For the third quarter, revenue increased 5% from $388.30 million in 2018 to $408.62 million. The company indicated, “Overall sales for the three-month period are up by 5%

JSE reports 87% increase in year end net profits

Date: March 1, 2019 Jamaica Stock Exchange Limited (JSE), for the year ended December 31, 2018, recorded total revenue of $1.39 billion, a 40% increase when compared to the $991.15 million booked the prior year. Total revenue for the quarter amounted to $385.40 million (2017: $295.68 million). Of this: o Cess income increased by 73% to

Daily Market Summary – February 28, 2019

Daily Market Summary 28.02.19 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, or will be, directly

Overseas Headlines- February 28, 2019

United States: U.S. GDP Grows Above-Forecast 2.6% as Business Spending Picks Up The U.S. economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger for longer as the Federal Reserve takes a patient approach to interest rates. The 2.6 percent annualized rate of gains in gross domestic

Special Advisory: Lasco Financial Services Limited (LASF)

Date: February 27, 2019 Lasco Financial Services Limited (LASF) has advised that Mr. Peter Chin resigned from the Board of Directors of the Company effective February 12, 2019 to make way for the appointment of Mr. Vincent Chen as Non-Executive Director.

Special Advisory: Sagicor Real Estate X Fund Limited (XFUND)

Date: February 27, 2019 Sagicor Real Estate X Fund Limited (XFUND) has advised that Dr. Patricia Downes-Grant has resigned as a Director of the Company effective September 5, 2018. XFUND has also advised that Messrs. Colin Steele and Bruce James have been appointed Directors effective October 1, 2018.

Daily Market Summary – February 27, 2019

Daily Market Summary 27.02.19 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, or will be, directly

Overseas Headlines- February 27, 2019

United States: America’s Job Market Has Some Upside as Disabled Workers Return Whether would-be workers linger on the U.S. labor market’s sidelines is a key question: it will determine how fast the country’s economy can grow, how fast wages might rise, and, potentially, how patient the Federal Reserve can afford to be with rate increases.

Daily Market Summary- February 26, 2019

Daily Market Summary 26.02.19 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, or will be, directly

Overseas Headlines- February 26, 2019

United States: U.S. Farmers Fear Trump’s Assault on WTO Hurts Them Donald Trump’s attack on the World Trade Organization has U.S. farmers worried that the president’s ‘America first’ foreign policy approach will hamstring efforts to defend their interests. The U.S. is strangling the ability of the WTO, which oversees the rules for nearly $23 trillion

USA Monthly Economic Review – January 2019

Please see attached USA Monthly Economic Review: USA Economic Review - January 2019 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

Daily Market Summary – February 20, 2019

Daily Market Summary 20.02.19 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, or will be, directly

Special Advisory: Sagicor Group Jamaica Limited (SJ)

Date: February 20, 2019 Sagicor Group Jamaica Limited (SJ) has advised that the Company has restructured its Enterprise Risk Management & Compliance Department (ERMC) in keeping with the Company’s strategy to improve its business. Effective March 22, 2019, Miss Hope Wint, Vice President, Enterprise Risk Management & Compliance will demit office and Mrs. Danielle Davidson

Dividend Declaration: GraceKennedy Limited (GK)

Date: February 20, 2019 GraceKennedy Limited (GK) Has advised that the Board of Directors will on Thursday, February 28, 2019 consider a resolution for the declaration of an interim dividend to be paid in April 2019.

FTNA reports 3% increase in six months net profit

Date: February 20, 2019 Fontana Limited (FTNA), for the six months ended December 31, 2018 recorded a 7% increase in revenues to total $2.16 billion compared to $2.01 billion for the same period in 2017. Revenue for the 2nd quarter went up by 9% to $1.22 billion (2017: $1.12 billion). Cost of Sales for the period

Overseas Headlines- February 20, 2019

United States: U.S. Push for Stable Yuan May Unwind China's Move Toward Markets President Donald Trump may finally get to deliver on his campaign promise to address China’s management of its currency for what he has insisted is its trade advantage. But it would mean an about-face on almost a decade of global economic policy.

Daily Market Summary – February 19, 2019

Daily Market Summary 19.02.19 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, or will be, directly

PULS seeks to boost revenues through real estate

Date: February 19, 2019 Pulse Investments Limited’s (PULS) AGM was held on February 19, 2019, and hosted by Mr. Kingsley Cooper, Chairman of the said company. The meeting began with the usual welcoming and introductions which was subsequently followed by the independent auditor’s report. For the financial year under review, Mr. Cooper highlighted that, “Overall

Overseas Headlines- February 19, 2019

United States: Warning Signs Flash for HSBC, Merrill in Emerging Market Rally The backlash to the world’s most-popular trade is underway -- the emerging market rally has now gone too far, according to HSBC Holdings Plc and Bank of America Merrill Lynch. A combination of potentially hawkish Federal Reserve surprises and already stretched performance has

Daily Market Summary – February 18, 2019

Daily Market Summary 18.02.19 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, or will be, directly

Trade in Shares : NCB Financial Group Limited (NCBFG)

NCB Financial Group Limited (NCBFG) has advised that two Directors purchased a total of 16,352,736 NCBFG shares and that a connected party sold 16,352,736 NCBFG shares. These transactions were conducted on February 14, 2019.

Overseas Headlines- February 18, 2019

United States: Trump Adds to Carmakers’ Woes as Markets Across Planet Fizzle The tariffs that President Donald Trump may impose on vehicles imported to the U.S. would be just the latest kick in the teeth for carmakers battling cooling markets across the planet. Findings of an investigation into whether imported cars could pose a national

Special Advisory: Proven Investments Limited (PROVEN)

Proven Investments Limited (PROVEN) has advised that the Company’s total equity holdings in Dream Entertainment Limited, now stands at 2,500 units which represents 20% of the participating voting shares in Dream Entertainment Limited. PROVEN has also advised that the purpose of the acquisition is to generate dividend income. Dream Entertainment Limited will now be characterized

Daily Market Summary – February 15, 2019

Daily Market Summary 15.02.19 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, or will be, directly

GWEST reports $112.25 million net loss for the nine months ended December 2018

Date: February 15, 2018 GWEST Corporation Limited (GWEST), for the nine months ended December 31, 2018 booked Total revenue  amounting to $90.08 million, an increase of 46% when compared with the $61.58 million booked last year. Revenue rose by 49% or $10.72 million for the third quarter, amounting to $32.38 million (2017:$21.66 million). Cost of sales

Overseas Headlines- February 15, 2019

United States: Xi Hails Important Progress, Says Trade Talks to Resume in U.S. President Xi Jinping said U.S.-China trade talks would continue next week in Washington, as the two sides race to reach a deal that would avert a tariff increase on Chinese goods after March 1. “Negotiations between both sides have achieved important progress

PBS reports year end profit of US$122,000

Date: February 14, 2018 Productive Business Solutions Limited (PBS), for the year ending December 30, 2018 reported an increase in revenues from US$171.99 million in 2017 to US$185.50 million in 2018, an 8% increase. For the quarter, revenues increased 25% to total US$57.79 million relative to US$46.36 million the prior quarter. Direct expenses increased 12% to

GENAC reports 33% increase in year end net profits

Date: February 14, 2018 General Accident Insurance Company Limited (GENAC), for the year ended December 31, 2018 reported Gross premium written of $8.74 billion, 23% higher than the $7.11 billion reported for 2017. According to GENAC, “The development of our premium volume was driven by strong growth in the motor product.” Reinsurance ceded rose 21% to

KEY reports $162.66 million in year end losses

KEY Insurance Company Limited (KEY), for the year ended December 31, 2018 reported a 27% increase in net premiums written to $1.18 billion from $930.30 million in 2017. For the fourth quarter ended December 31, 2018, Key Insurance Company Limited (KEY), reported a 20% decrease in net premiums written to $236.07 million from $293.58 million. This

CAR reports 2% increase in nine months net profits

Carreras Limited (CAR), for the nine months ended December 30, 2018 reported Operating Revenue of $9.86 billion, 3% more than the $9.53 billion booked in 2017. Revenue for the quarter increased by 2% compared to the corresponding quarter moving to $3.55 billion in 2018 from $3.47 billion in 2017. Cost of Operating Revenue also increased year

LASF reports 21% increase in nine months net profits

Date: February 14, 2018 Lasco Financial Services Limited (LASF), for the nine months ended December 31, 2018 recorded trading income of $1.63 billion; this represented a growth of 50% when compared to $1.09 billion posted in 2017 while trading income for the quarter amounted to $545.20 million (2017: $407.48 million. Other income surged to $109.15 million

EPLY reports 57% increase in year end net profits

Date: February 14, 2018 Eppley Limited (EPLY) for the year ended December 31, 2018 reported interest income of $319.62 million a 22% or $58.21 million increase when compared $261.41 million recorded for the corresponding period in 2017. Total interest income for the quarter amounted to $85.20 million a 21% increase when compared to the $70.44 million

Overseas Headlines- February 11, 2019

United States: Krugman Sees Possible U.S. Recession With Little Fed Wiggle Room Nobel laureate Paul Krugman said the U.S. economy may be heading into a recession at a time when the Federal Reserve doesn’t have the firepower to properly combat a slump. “There seems to be an accumulation of smaller problems and the underlying backdrop

Daily Market Summary – February 8, 2019

Daily Market Summary 08.02.19 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, or will be, directly

Notice of Extension of Closing Date issued by NCB Global Holdings Limited

Please see press release from NCB Financial Group (NCBFG) attached. Notice-Extension-of-Closing-Date-Full-Final 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

Overseas Headlines- February 8, 2019

United States: Trump Says He Won’t Meet Xi Jinping Before Tariff Deadline President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher U.S. tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce. Trump responded “No” and

Daily Market Summary – February 7, 2019

Daily Market Summary 07.02.19 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, or will be, directly

Dividend Declaration: Carreras Limited (CAR)

Carreras Limited (CAR) has advised that at a meeting of the Board of Directors held on February 6, 2019, the Directors declared an interim dividend of $0.18 per stock unit to be paid on March 14, 2019 to stockholders on record as at February 21, 2019.  The ex-dividend date is February 20, 2019.

CHL posts 39% decline in first quarter net profit

Date: February 7, 2018 Cargo Handlers Limited (CHL), for the three months ended December 31, 2018  reported revenue of $104.87 million, 21.14% higher than the $86.57 million booked in 2017. Other income grew by 58.51%, moving from $544,786 in 2017 to $861,972. The company highlighted the increase was, “driven mainly by increased cement thru-put across

LASM reports 32% increase in nine months net profit

Date: February 7, 2018 Lasco Manufacturing Limited (LASM), for the nine months ended December 31, 2018 reported that total revenue increased by 6% from $5.28 billion in 2017 to $5.61 billion in 2018. Revenue increased $32.91 million or 2% to a total of $1.81 billion in the third quarter, relative to the $1.78 billion recorded

Overseas Headlines- February 7, 2019

United States: U.S. Jobless Claims Fall Less Than Expected After Shutdown Ends Filings for U.S. unemployment benefits fell by less than expected last week, signaling it may take longer for the labor market to return to its previous trend following the partial government shutdown. Jobless claims declined to 234,000 in the week ended Feb. 2,

Overseas Headlines- February 6, 2019

United States: U.S. Shutdown Robs Wednesday's Productivity Report of Main Gauge The Labor Department will publish new data on U.S. productivity Wednesday, though the report will lack the main measure because of the government shutdown. The fourth-quarter productivity and costs release due at 8:30 a.m. in Washington will include manufacturing productivity for the period, though

Daily Market Summary – February 5, 2019

Daily Market Summary 05.02.19 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, or will be, directly

Special Advisory: Sterling Investments Limited (SIL)

NCB Capital Markets Limited (NCBCM) has advised of the closure of the Sterling Investments Limited Ordinary Shares Rights Issue on Friday, January 25, 2019. NCBCM has also advised that all applicants were allocated 100% of the amounts for which they applied.

Overseas Headlines- February 5, 2019

United States: Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached –- to ensure that China sticks to it. That’s

Daily Market Summary – February 4, 2019

Daily Market Summary 04.02.19 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, or will be, directly

Board Resignation: Scotia Group Jamaica Limited (SGJ)

Scotia Group Jamaica Limited (SGJ) has advised of the resignation of Mr. Lissant Mitchell, CEO, Scotia Investments Jamaica Limited and Director of the Board. Mr. Mitchell’s resignation is due to take effect on March 5, 2019. SGJ further advised that Mr. Mitchell is leaving SGJ in order to pursue other personal interests.

Trade in Shares: GraceKennedy Limited (GK)

GraceKennedy Limited (GK) has advised that a total of 1,292,237 GK shares were acquired by twenty-one (21) Directors and Senior Managers, pursuant to the GK 2009 Stock Option Plan for Directors, Managers and Employees and as part of the Long Term Incentive Scheme for employees of the Company. These transactions were conducted during the period

Overseas Headlines- February 4, 2019

United States: Tariffs May Live On as Trump’s Best Bet to Enforce a China Deal American tariffs are what got China to the negotiating table in the first place, the Trump administration argues. Those same tariffs may be needed even after a trade deal is reached –- to ensure that China sticks to it. That’s

Daily Market Summary- February 1, 2019

Daily Market Summary 01.02.19 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, or will be, directly

Sagicor Group Jamaica Limited (SJ) Enters Micro-Finance Business

Date: February 1, 2018 Sagicor Group Jamaica Limited (SJ) has advised that SJ has embarked on a new strategic alliance with Guardsman Group Limited, which will leverage Guardsman Group’s existing micro finance business, Travel Cash Jamaica Limited. “This alliance was achieved through the incorporation of a new company in which Sagicor Group Jamaica Limited acquired

Overseas Headlines- February 1, 2019

United States: Fed Conspiracy Theories See Powell as Fickle Boyfriend, Wise Man The momentous, mysterious monetary U-turn by Federal Reserve Chairman Jerome Powell and his colleagues this week has spawned a host of conspiracy theories as to what’s really going on at the world’s most powerful central bank. They range from the simple -– the

Daily Market Summary- January 31, 2019

Daily Market Summary 31.01.19 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, is, or will be,

Overseas Headlines- January 30, 2019

United States: Powell to Stress Fed Patience on Rate Hikes: Decision Day Guide Jerome Powell will debut the Federal Reserve’s latest communications strategy -- a press conference eight times a year -- by emphasizing patience in raising interest rates, a message the chairman struggled to deliver in December. The Federal Open Market Committee is widely

Daily Market Summary – January 29, 2018

Daily Market Summary 29.01.19. 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, is, or will be,

138 Student Living focused on increasing occupancy levels

Date: January 29, 2019 138 Student Living Jamaica Limited (138SL) held its 4th Annual General Meeting today at the Mona Visitors Lodge, UWI Mona. Chairman, Mr. Richard Byles, in his opening remarks, highlighted that this was a very challenging year for the Group which concluded with a loss after taxation of $16.25 million. The Chairman

Overseas Headlines- January 29, 2019

United States: U.S. Borrowing Needs Exceed Prior Forecasts as Budget Gap Widens The U.S. Treasury Department indicated that the government’s borrowing needs are rising faster than previous estimates as the Trump administration finances a widening budget deficit. The department expects to issue $365 billion in net marketable debt from January through March, up $8 billion

Daily Market Summary – January 28, 2018

Daily Market Summary 28.01.19 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, is, or will be,

Special Advisory: Sterling Investments Limited (SIL)

Sterling Investments Limited (SIL) has advised that a meeting of the Board of Directors will be held on February 15, 2019 at 12:00 p.m. at 40 Knutsford Boulevard, Kingston 5. The Directors intend to consider the payment of a final dividend at this meeting. NCB Capital Markets Limited (NCBCM) has advised that the Invitation for

Overseas Headlines- January 28, 2019

United States: U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government’s widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year. Many strategists at primary-dealer firms predict

NCBFG reports 2% decline in first quarter net profit

Date: January 25, 2019 Net interest income for the three months ended December 31, 2018 increased by 30%, relative to 2017, to total $9.85 billion (2017: $7.55 billion). The Group stated that, “The increase was fuelled by a 22% growth in National Commercial Bank Jamaica Limited’s (NCBJ’s) loan portfolio which resulted in a 16% rise

Overseas Headlines- January 25, 2019

United States:  State of Play: U.S.-China Trade Negotiations `Miles' From Deal We’re about five weeks away from a deadline for the U.S. to escalate tariffs on $200 billion of Chinese goods if no breakthrough deal on trade relations is reached. Following a round of negotiations in Beijing in early January, Chinese Vice Premier Liu He

Daily Market Summary – January 24, 2018

Daily Market Summary 24.01.19 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, is, or will be,

Overseas Headlines- January 24, 2019

United States: U.S. Jobless Claims Fall to 49-Year Low Despite Federal Shutdown Filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown. Jobless claims declined 13,000 to 199,000 in the week ended Jan. 19, bucking economist forecasts for an increase,

Daily Market Summary – January 23, 2018

Daily Market Summary 23.01.19 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, is, or will be,

Board Appointment: Supreme Ventures Limited (SVL)

Supreme Ventures Limited (SVL) has advised of the following appointments to the Board of Directors of Supreme Ventures Racing & Entertainment Limited (SVREL), a wholly owned subsidiary of SVL, effective January 8, 2019:  Matthew K. Levy, Julian Mair and Philip Feanny.

Overseas Headlines- January 23, 2019

United States:  Fed to Probe Deutsche Bank Over Suspicious Danske Cash The Federal Reserve is examining how Deutsche Bank AG handled billions of dollars in suspicious transactions from Denmark’s leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever. The Fed’s probe is in

USA Monthly Economic Review – December 2018

Date: January 22, 2018 Please see attached USA Monthly Economic Review. USA Economic Review - December 2018 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)

Daily Market Summary – January 22, 2018

Daily Market Summary 22.01.19 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, is, or will be,

IronRock reports year end net profit of $811,000

Date: January 22, 2018 IronRock Insurance Company Limited (ROC), for the year ended December 31, 2018 posted gross premium of $571.84 million relative $424.46 million; this represents a 35% increase. While for the fourth quarter gross premium was $190.33 million, a 14% increase when compared to $167.19 million for the corresponding quarter of 2017. Change in

Survey of Business and Consumer Confidence Fourth Quarter 2018 Summary

Date: January 22, 2018 Today, The Jamaica Chamber of Commerce announced the results of the 2018 4th Quarter Business and Consumer Confidence Indices at the JCC Secretariat. The presentation was led by Mr. Don Anderson – Managing Director, Market Research Services Ltd. Business Confidence Index According to the Survey of Business Confidence Fourth Quarter 2018

Overseas Headlines- January 21, 2019

United States: U.S.-China Trade Talks Falling Short on Make-Or-Break IP Issues Ever since negotiators from the U.S. and China sat down in Beijing after a Christmas meltdown in global markets, President Donald Trump has sought to calm investors and claim his trade talks are making great strides. But that glosses over a more uncomfortable reality.

Daily Market Summary – January 21, 2018

Daily Market Summary 21.01.19 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, is, or will be,

Dividend Consideration: Access Financial Services Limited (AFS)

Date: January 21, 2018 Access Financial Services Limited (AFS) has advised that the Board of Directors will be holding a board meeting on January 29, 2019. At this meeting, the Directors will consider making a dividend payment to its ordinary shareholders.

Dividend Consideration: Proven Investments Limited (PROVEN)

Date: January 21, 2018 Proven Investments Limited (PROVEN) has advised that the Board of Directors will be holding a board meeting on February 8, 2019. At this meeting, the Directors will consider making a dividend payment to its ordinary shareholders.

Special Advisory: Barita Investments Limited (BIL)

Date: January 21, 2018 Barita Investments Limited (BIL) has advised that at an Extraordinary General Meeting of its shareholders held on Thursday, January 17, 2019, the following Resolutions were passed: Resolution No.1 “THAT the Company hereby approves the issue of ordinary shares (in this resolution “New Ordinary Shares”) part of the authorised capital of up

Daily Market Summary – January 18, 2018

Daily Market Summary 18.01.19 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, is, or will be,

Special Advisory: Paramount Trading (Jamaica) Limited (PTL)

Date: January 18, 2019 Paramount Trading (Jamaica) Limited (PTL) has advised of the passing of Mr. Daryl J. Fong Kong, a Director of the Company. Mr. Fong Kong was a founding non-executive Director and served the Company for over 27 years.

Board Appointment: AMG Packaging & Paper Company Limited (AMG)

Date: January 18, 2019 • AMG Packaging & Paper Company Limited (AMG) has advised that: o Mr. Metry Seaga was appointed a Director of the Company on January 10, 2019. o The nomination of Mr. Brandon Hugh as alternate Director for Antonia Hugh was approved by the Board of             

Overseas Headlines- January 18, 2019

United States: Trump Pulls U.S. Delegation Out of Davos Forum, Citing Shutdown President Donald Trump canceled the U.S. delegation’s trip to the global economic summit in Davos hours after he denied House Speaker Nancy Pelosi a plane to visit U.S. troops in Afghanistan. “Out of consideration for the 800,000 great American workers not receiving pay

Overseas Headlines- January 17, 2019

United States: Trump’s Tariffs Are Producing Billions, But China Isn’t Paying President Donald Trump is right to say that his tariffs are generating billions of dollars for the U.S. But China and other countries aren’t paying them as he’s suggested. According to data from U.S. Customs and Border Protection, more than $13 billion in duties

Special Advisory: SSL Venture Capital Jamaica Limited (SSLVC)

Date: January 17, 2018 SSL Venture Capital Jamaica Limited (SSLVC) has advised that its portfolio company, Muse 360 Integrated Limited (“Muse”), signed a memorandum of understanding with Trend Media Limited (a subsidiary of Digicel Jamaica Limited) on January 14, 2019. The MOU outlines the transaction to sell 10% of Muse’s subsidiary, which is a content

Board Appointment: GraceKennedy Limited (GK)

Date: January 17, 2018 GraceKennedy Limited (GK) has advised of the following management changes effective April 1, 2019: Andrew Messado, current Group Comptroller, will be appointed Group Chief Financial Officer (CFO) Frank James, current Group CFO, will assume the role of CEO, Domestic Foods Division Ryan Mack will retire as CEO, Domestic Foods Division in

Trade in Shares: Jamaica Broilers Group Limited (JBG)

Date: January 16, 2018 Jamaica Broilers Group Limited (JBG) has advised that a Director sold 225,000 JBG shares and that a connected party purchased 200,000 JBG shares. These transactions were conducted during the period January 11 to 14, 2019.  

Daily Market Summary – January 15, 2019

Daily Market Summary 15.01.19 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, is, or will be,

Trade in Shares: Indies Pharma Jamaica Limited (INDIES)

Date: January 15, 2018 (INDIES) has advised that a connected party purchased 92,684,280 INDIES shares on January 7, 2019. 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

MTL reports 113% increase in six months net profits

Date: January 15, 2018 Margaritaville (Turks) Limited (MTL), for the six months ended November 30, 2018 reported that revenues increased by 58% for the period to US$3.56 million (2017: US$2.25 million). MTL noted, “This was earned from the 509 thousand passengers that visited the port spending an average US$6.99 each. The comparative revenue for the

ECL reports 3% increase in six months net profits

Date: January 15, 2018 Express Catering Limited (ECL) for the six months ended November 30, 2018 reported a 4% increase in revenue to US$7.18 million (2017: US$6.88 million). Revenue for the quarter advanced 2% to close at $3.12 million relative to $3.07 million reported the previous year. According to management, “We constantly benchmark our minimum

Overseas Headlines- January 15, 2019

United States: U.S. Will Fail to Release Key Economic Report at Critical Moment The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock-market swoons and trade-war tensions, but key data on their spending -- the biggest part of the economy -- will be missing due to the government shutdown. Was it

KEX reports a 36% increase in six months net profits

Date: January 14, 2018 Knutsford Express Services Limited (KEX), for the quarter ended November 30, 2018,  reported total revenue of $555.11 million, a 25% or $109.68 million increase when compared with the $445.42 million reported for the same period in 2017. For the second quarter, revenues increased by 26% to close the period at $262.18

AMG reports a 69% increase in the first three months net profits

Date: January 14, 2018 AMG Packaging Paper Company Limited (AMG), for the three months ended November 30, 2018,  recorded Turnover in the amount of $213.92 million, a growth of 11% when compared to $192.88 million the previous year. Cost of Inventories totaled $130.20 million, an increase of 13% relative to the corresponding period in the

Daily Market Summary January 14, 2019

Daily Market Summary 14.01.19 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, is, or will be,

Board Appointment: GWest Corporation Limited (GWEST)

Date: January 14, 2018 GWest Corporation Limited (GWEST) has advised that Mrs. Joy Clark resigned from the position of General Manager effective November 23, 2018 to pursue personal interests external to the Company. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about

Special Advisory: Sterling Investments Limited (SIL)

Date: January 14, 2019 Sterling Investments Limited (SIL) has advised that the final renunciation date for existing shareholders has been extended from January 11, 2019 to January 18, 2019. 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

KREMI reports 35% increase in nine months net profits

Date: January 14, 2018 Caribbean Cream Limited (KREMI) for nine months ended November 30, 2018 reported a 16% increase in revenue during the period totalling $1.15 billion compared to $992.24 million in the corresponding period last year. Revenue for the third quarter rose 9% to close at $348.24 million compared to $318.98 million for the

INDIES reports 13% decline in year end net profits

Date: January 10, 2018 Indies Pharma Jamaica Limited (INDIES), for the year ended October 31, 2018 reported revenues for the twelve months ended October 31, 2018 of $636.17 million, an increase of 3% when compared with the $620.35 million booked last year. Cost of sales amounted to a total of $243.38 million relative to the

USA Monthly Economic Review – November 2018

Date: December 20, 2018 Please see attached USA Monthly Economic Review: USA Economic Review - November 2018 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)

Grace Foods USA to Consolidate with Majesty Foods Factory for Joint Venture

Date: December 7, 2018 Please see attached news release from GK, which is also embedded below for your convenience. Grace Foods USA to Consolidate with Majesty Foods Factory for Joint Venture [MIAMI, FLORIDA - DECEMBER 6, 2018] Grace Foods (USA), Inc. (Grace Foods), a company owned by GraceKennedy Limited (GKL), a publicly traded Jamaican corporation

BPOW reports 55% increase in six months net profits

Date: December 6, 2018 Blue Power Group Limited (BPOW), for the six months ended October 31, 2018 booked a 13% increase in revenue to total $862.31 million compared to $761.19 million for the corresponding period in 2017. Sales from the Lumber division climbed to $591.91 million, 9% higher than $544.35 million, while sales in the Soap

ELITE seeks to increase its bottom line with its third location in St. Ann

Date: December 5, 2018 Elite Diagnostic Limited’s (ELITE) first AGM since listing was held today December 5, 2018 and was hosted by Mr. Steven Gooden, Chairman of the company which began with usual welcoming subsequent to the auditor’s report. For the financial year under review revenues were $34 million more than 2016’s $263 million, and

Sagicor Group Jamaica Limited (SJ) – Acquisition of Sagicor Financial Corporation, Alignvest Acquisition II Corporation

Date: December 3, 2018 Sagicor Group Jamaica Limited (SJ) has issued the following disclosure on the Acquisition of Sagicor Financial Corporation – Alignvest Acquisition II Corporation: The name of the ultimate parent shall change from Sagicor Financial Corporation to Sagicor Financial Company Limited and the latter shall be listed on the Toronto Stock Exchange. The transaction involves

USA Monthly Economic Review – October 2018

Date: November 23, 2018 Please see attached USA Monthly Economic Review: USA Economic Review - October 2018 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)

PULS reports 17% increase in first quarter net profit

Date: November 20, 2018 Pulse Investments Limited (PULS), for the three months ended September 30, 2018 reports operating revenue which increased by $9.68 million to $129.06 million in the first quarter relative to $119.38 million the prior year, this represents an 8% increase. Administrative and other expenses amounted to $53.02 million (2017: $46.27 million), an

ELITE reports 83% decline in first quarter net profit

Date: November 16, 2018 Elite Diagnostics Limited (ELITE), for the three months ended September 30, 2018 reported that Revenue increased by 22% to total $85.44 million compared to $69.82 million for the same period in 2017. The company highlighted, “Revenues from the Liguanea location amounted to $23.7M for the quarter as compared to the previous

SRA reports $11.48 million net loss for the six months ended September 2018

Date: November 15, 2018  Sweet River Abattoir & Supplies Company Limited (SRA), For the six months ended September 30, 2018 recorded a 19% decline in revenue to $134.58 million relative to $165.45 million in the same period in 2017. Revenue for the quarter went down 22% to close at $57.52 million relative to $73.70 million. SRA indicated,

GENAC reports 88% increase in nine months net profit

Date: November 15, 2018 General Accident Insurance Company Limited (GENAC), for the nine months ended September 30, 2018 reported Gross premium written of $7.40 billion, 20% higher than the $6.18 billion reported for 2017. As a result, net premium written increased by 26% from $1.04 billion last year to $1.32 billion. Excess of loss reinsurance remained at

JETCON reports 27% decline in nine months total comprehensive income

Date: November 15, 2018 Jetcon Corporation Limited (JETCON), for the nine months September 30, 2018 reported Turnover for the nine months went up by 1% to $892.28 million (2017: $886.55 million). However, turnover for the quarter amounted to $286.81 million relative to $333.22 in 2017, a 14% decline. According to management, “Revenues fell 14 percent

DCOVE reports US$2.95 million profits in Nine months

Date: November 15, 2018 Dolphin Cove Limited (DCOVE), For the nine months ended September 30, 2018 reported total revenue of US$11.62 million, an 11% decrease when compared to US$13.03 million booked the year prior. total revenue for the quarter amounted to US$3.89 million (2017: US$4.37 million). According to the company “Despite the fact that one of

CPJ reports US$1.3 million loss in First Quarter

Date: November 14, 2018 Figures are quoted in United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ), for the first three months ended September 30, 2018 reported that revenues marginally increased by 0.04 %, to close the period at $24.31 million compared to the $24.30 million for the same period

GWEST reports six month net loss of $78.52 million

Date: November 14, 2018 GWEST Corporation Limited (GWEST), For the six months ended September 2018 Revenue amounted to $57.21 million, an increase of 43%, when compared with the $39.88 million booked last year. According to the company, “Our revenue growth has been significantly affected by our inability to accept health insurance due to the delay

SJ reports 4% decline in nine months total revenues

Date: November 14, 2018 Sagicor Group Jamaica (SJ), for the nine months ended September 30, 2018 reported a 3% decrease total revenues to $51.48 billion from $53.14 billion in 2017, while for the third quarter total revenues were down 16% to total $19.46 billion compared to $23.13 billion in 2017. Total revenue for the nine months was

ISP reports 2% increase in total interest income

Date: November 14, 2018 ISP Finance Services Limited (ISP), for the Nine Months ended September 30, 2018, total interest income amounted to $213.76 million compared to $210.70 million in 2017, an increase of 1%. For the quarter, total interest income amounted to $69.63 million (2017: $74.91 million). The nine months is broken down as follows: Interest income

KLE reports 3% increase in nine months gross profits

Date: November 14, 2018 K.L.E. Group Limited (KLE), for the nine months ended September 30, 2018 reported Revenue for the period of $162.67 million, relative to $158.19 million last year. For the third quarter revenue totalled $52.63 million, relative $54.46 million last year, a 3% decline. This was due to the major road work happening

CFF’s reports 40% growth in three months net profits

Date: November 14, 2018 Caribbean Flavours and Fragrances Limited, for the quarter ended September 30, 2018, reported Revenue amounting to $120.14 million, an increase of 21%, when compared with the $99.59 million booked last year. CFF noted, “The quarter was primarily attributed to our refining of our order fulfilment procedures”. Cost of sales rose by

JSE reports soars 86% in nine months total comprehensive income

Date: November 14, 2018 Jamaica Stock Exchange Limited (JSE), For the Nine months ended September 30, 2018 recorded total revenue of $1.0 billion, a 45% increase when compared to the $695.47 million booked the prior year. While total revenue for the quarter amounted to $339.53 million (2017: $217.82 million). Of the nine months: o Cess

EFRESH reports 34% fall in nine-month profits

Date: November 13, 2018 Everything Fresh Limited (EFRESH), for the Nine Months Ended September 30, 2018, Revenue grew by 2% amounting to $1.39 billion, up from $1.37 billion reported a year ago. The third quarter reported revenues of $421.96 million, a 6% decline when compared to last period’s $450.23 million. Cost of sales closed the

MDS reports 10% increase in six months net profit

Date: November 13, 2018 Medical Disposables & Supplies Limited, for the six months ended September 2018 reported Revenue amounting  $1.04 billion, an increase of 8%, relative to $964.89 million booked the previous year. For the second quarter revenues totalled $500.85 million up 3% year over year (2017: $484.30 million). MDS noted, “This positive performance was

WISYNCO reports 11% increase in first quarter total comprehensive income

Date: November 9, 2018 Wisynco Group Limited (WISYNCO) reported total revenue of $6.81 billion for the first quarter ended September 30, 2018, a 12% or $728.69 million increase when compared with the $6.08 billion reported for the same period in 2017. Cost of sales for the period amounted to $4.23 billion, up 13% relative to $3.75

BIL reports an 84% increase in year end net profit

November 07, 2018 For the year ended September 30, 2018, Barita Invested Limited’s (BIL) interest income declined 10% to $1.02 billion relative to $1.13 billion for the previous year. Interest expense also declined by 29% to close at $599.66 million compared to $847.44 million in 2017. As a result, net interest income for the year increased

AMG reports $29.85 million total comprehensive loss for the year

Date: November 2, 2018 AMG Packaging and Paper Company Limited (AMG) for the year ended August 31, 2018 recorded turnover in the amount of $718.92 million (2017: $660.25 million), an increase of 9% when compared to 2017. For the quarter turnover was down 4% to close at $179.89 million (2017: $187.88 million). Total cost of

LASF reports 60% increase of total income for the first six months

Date: November 2, 2018 Lasco Financial Services (LASF) recorded for the six months ended September 30, 2018, a total of $1.08 billion in Trading Income; this represented a growth of 59% relative to the $681.28 million recorded in the comparable period in 2017. For the quarter, Trading Income closed at $558.14 million (2017: $378.60 million),

Mayberry Investments Limited (MIL) Q3 2018 unaudited financial results

November 01, 2018 Please click link below for the Mayberry Investments Limited (MIL) Q3 2018 unaudited financial results. Mayberry 3rd Qrt Sept 2018 Results The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or

SVL reports 15% increase in net profit for the nine months ended

Date: October 29, 2018 Supreme Ventures Limited (SVL) for the nine months ended September 30, 2018 reported a 12% in revenues to $46.32 billion, up from $41.24 billion in 2017. Notably, “with the adoption of IFRS 15 (Revenue from contracts with customers), the sale of PIN codes are no longer classified as revenue, but the

USA Monthly Economic Review – September 2018

Date: October 22, 2018 Please click below to view September 2018's USA Monthly Economic Review. USA Economic Review - September 2018 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

ROC reports $7.55 million loss for nine months

Date: October 19, 2018 IronRock Insurance Company Limited, For the nine months ended September 30, 2018 posted gross premium of $381.51 million relative $257.27 million; this represents a 48% increase. While for the third quarter gross premium was $99.40 million relative to $83.93 million for 2017. Change in gross provision for unearned premiums amounted to

MTL reports 2% decline in first quarter net profit

Date: October 19, 2018 Margaritaville (Turks) Limited (MTL), for the three months ended August 31, 2019 reported Revenues which decreased by 2% for the period to US$1.82 million (2017: US$1.86 million). The company commented that “Revenue per passenger will vary marginally from one period to another, even where aggregate passenger numbers are similar, due to variations

PULS reports $301.83 million in annual net profits

Date: October 18, 2018 Pulse Investments Limited (PULS), for the year ended June 30, 2018 reported that Revenue increased 14% year on year, closing the year at $444.04 million, up from $391.00 million in 2017, while for the fourth quarter revenue amounted to $130.81 million up 3% compared to the $127.34 million booked in 2017. Administrative

KEX reports 55.5% increase in first quarter net profits

Date: October 16, 2018 Knutsford Express Services Limited (KEX), for the three months ended August 31, 2018 reported total revenue of $292.93 million, a 23.5% or $55.65 million increase when compared with the $237.28 million reported for the same period in 2017. KEX noted, “this was due to strong customer demand for passenger travel.” Administrative and

PTL Reports $7.06 Million in First Quarter Net Profit attributable to shareholders

Date: October 12, 2018 Paramount Trading (Jamaica) Limited, for the period ended August 31, 2018, recorded a 12% increase in total revenues to $372.18 million from $330.89 million reported in 2017. The company highlighted that, “this does not include additional inflows related to the new joint venture with Allegheny which is accounted for separately. The

PJX Reports Six Months Net Loss of US$723,165

Date: October 12, 2018 Portland JSX Limited (PJX), for the six months ended August 31, 2018, net loss on financial assets classified as at fair value through profit and loss amounted to US$438,074 compared to a gain of US$25,177 in 2017. PJX recorded net loss on financial assets classified as at fair value through profit

Survey of Business and Consumer Confidence Third Quarter 2018 Summary

Date: October 9, 2018 Survey of Business & Consumer Confidence Index The Jamaica Chamber of Commerce announced the results today, October 9, 2018, the 3rd Quarter Business and Consumer Confidence Indices at the JCC Secretariat. The presentation was hosted by Mr. Don Anderson – Managing Director, Market Research Services Ltd. Business Confidence Index The Business

SRA reports $7.10 million in first quarter net losses

Date: October 3, 2018 Sweet River Abattoir & Supplies Company Limited (SRA), for the three months ended June 30, 2018 reported revenue for the period which decreased by 16%, amounting to $77.06 million in 2018 relative to $91.75 million in the same of last year. According to the company, “This decrease was due to mainly

MDS surpasses a $2 billion milestone; placing focus on ‘managed growth’

Date: October 2, 2018 Medical Disposables and Supplies Limited’s (MDS) AGM was held today October 2, 2018 and was hosted by Mr. Winston Boothe, chairman of the said company who commenced with the usual welcome and introductions. The chairman highlighted the financial performance of the company for the year under review as a significant milestone

LASF expects further growth through its merger and acquisition

Date: September 28, 2018 Lasco Financial Services Limited’s (LASF) AGM was held today September 28, 2018 and was hosted by Hon. Lascelles Chin, Chairman of Lasco Financial Services Limited. The meeting began with the usual welcoming and introductions which was subsequently followed by the independent auditor’s report. Mrs. Jacinth Hall-Tracey, the managing director gave a

Jamaica: IMF Staff Reaches Staff Level Agreement on Fourth Review for Stand-by Arrangement

Date: September 24, 2018 The International Monetary Fund (IMF) staff team headed by Ms. Ramakrishnan visited the island over the period September 10-21, 2018 for the fourth review of Jamaica’s economic and financial program which is supported by the precautionary Stand-By Arrangement (SBA) of the IMF. The consideration by the IMF’s executive board is tentatively

USA Monthly Economic Review – August 2018

Date: September 20, 2018 Please click below to view August 2018's USA Monthly Economic Review. USA Economic Review - August 2018 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

Monthly inflation rises 0.9% for August

Date: September 18, 2018 Consumer Price Index - August 2018 The consumer price index for the month of August 2018 increased 0.9%, following the 1.0% increase in July 2018, according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month of August advanced to 252.8, relative to the 250.4 reported for

1834 posts 81% decline in first quarter net profit

1834 Investments Limited (1834) for the three months ended June 30, 2018, reported a 26% decline in revenue from $11.15 million for the comparable period in 2017 to $8.23 million. Other operating income fell by 77% to $17.14 million (2017: $74.54 million). According to management, other income, “is mainly comprised of gains on the sale of

SEP seeks to drive productivity and profitable growth through its recent investments

Date: September 17, 2018 Seprod Limited (SEP) held its Annual General Meeting today, which was hosted by Chairman, Mr. P.B. Scott. The meeting began with the usual welcoming which was subsequently followed by the review of the financial year 2017. Seprod's revenues increased by 5% or $730 million to $16.5 billion for the year end which

GraceKennedy Limited (GK) – Signia Financial Group Inc Acquires Globe Finance Inc

GraceKennedy Limited (GK) has announced that one of its associated companies in Barbados, Signia Financial Group Inc., has acquired Globe Finance Inc. The acquisition will result in the formation of the amalgamated company, which will be known as SigniaGlobe Financial Group Inc. GK currently holds a 40% shareholding in Signia and will hold the same

Derrimon Trading Company Limited (DTL) Acquisition and Changes to the Board of Directors

Date: September 12, 2018 Derrimon Trading Company Limited (DTL) has advised that the Company has completed the acquisition of the entire shareholding of Woodcats International Limited (“Woodcats”) for a total consideration of J$355 million. DTL further advised that at a Board Meeting of Woodcats held on September 6, 2018, Messrs. Derrick Cotterell, Ian Kelly, Earl

CPJ reports 10% increase in annual gross operating revenues

Date: August 30, 2018 In United States dollars (except where it is indicated otherwise): Caribbean Producers Jamaica Limited (CPJ) for the year ended June 30, 2018 reported a 10% growth year on year in gross operating revenues to close at $107.80 million compared to the $98.29 million for the prior year. CPJ noted, “the company

BANK OF JAMAICA MAINTAINS POLICY RATE

Date: August 28, 2018 BANK OF JAMAICA MAINTAINS POLICY RATE Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered on overnight placements with Bank of Jamaica) unchanged at 2.00 per cent. This decision reflects the Bank’s assessment that inflation, currently below target, will rise towards the lower end of

USA Monthly Economic Review – July 2018

Date: August 21, 2018 Please click below to view July 2018's USA Monthly Economic Review. USA Economic Review - July 2018 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

DCOVE reports US$2.03 million in six months net profit

Date: August 16, 2018 Dolphin Cove Limited (DCOVE), for the six months ended June 30, 2018 reported total revenue of US$7.73 million, a 11% decrease when compared to US$8.66 million booked the year prior. Revenue from dolphin attraction contributed US$4.24 million to total revenue, a 14% decline when compared to the US$4.91 million reported in 2017,

ELITE reports 2% increase in annual net profits

Date: September 27, 2018 Audited financials for the year ended June 30, 2018 showed Elite Diagnostic Limited (ELITE)booked a 13% increase in revenue to total $297.76 million compared to $263.10 million for the same period in 2017. Revenue for the fourth quarter fell by 7% to $77.85 million (2017: $83.81 million). Direct costs for the

ISP reports 5% increase in six months net profit

Date: August 15, 2018 ISP Finance Services Limited's (ISP), Results for the six months ended June 30, 2018, Total Interest Income amounted to $144.13 million compared to $135.79 million in 2017, an increase of 6%. For the quarter, Total Interest income amounted to $73.67 million (2017: $70.26 million). Year to date Total Interest Income is broken

KLE reports 6% increase in revenues for the six months ended June 2018

Date: August 15, 2018 K.L.E Group Limited (KLE), for the six months ended June 30, 2018, the company recorded a total revenue of $110.04 million (2016: $103.72 million), representing a 6% increase in revenue. For the second quarter revenues increased 8% to total $58.66 million (2017: $54.32 million). Cost of sales increased by 9% to $35.89

EPLY reports 46% increase in six months net profit

Date: August 15, 2018  Eppley Limited (EPLY) for the six months ended June 30, 2018 reported Interest Income for the period at $149.80 million from $124.23 million the previous year, a 21% increase. While for the second quarter interest income amounted to $76.09 million relative to $61.69 million in 2017. Interest Expenses amounted to $82.99

KEY reports 43% increase in six months Gross Premium Written

Date: August 14, 2018 Key Insurance Company Limited (KEY), for the six months ended June 30, 2018 reported a 45% growth in net premiums written from $415.45 million to $603.02 million as a result of a 43% increase in gross premium written which closed the period at $946.45 million (2017: $660.71 million). KEY noted, “The company

SJ’s reports a 7% increase in six months Total Revenue

Date: August 15, 2018 Sagicor Group Jamaica Limited (SJ), for the six months ended June 30, 2018, Total Revenues increased by 7% to $32.02 billion from $30.01 billion in 2017, while for the second quarter Total Revenues improved 8% to total $16.20 billion compared to $14.93 billion in 2017. Total revenue year to date was

PJAM reports 3% increase in six months net profit attributable to shareholders

Date: August 14, 2018 PANJAM Investment Limited (PJAM), for six months ended June 30, 2018 reported a 12% increase in total income to $1.11 billion relative to $948.37 million booked for the prior year’s corresponding period. For the quarter total income increased 31% to $586.95 million (2017: $446.82 million). Of total income: • Investment increased

BPOW’s proposes a one to ten stock split of no par value

Date: August 14, 2018 Blue Power Group Limited’s (BPOW) AGM was held today August 14, 2018 and was hosted by Dhiru Tanna, Chairman of Blue Power Group Limited who started the proceedings by the usual welcoming and introductions. Major Dawes, the Managing Director, highlighted the financial performance of the company for the last financial year

KW reports a 14% increase in six months net profit attributable to shareholders

Date: August 14, 2018 Kingston Wharves Limited (KW), for the six months ended June 30, 2018 revenue totaled $3.39 billion a 15% increase when compared to $2.94 billion for the corresponding period of the prior year, while revenue for the second quarter grew 13% to $1.76 billion (2017: $1.55 billion). This as both the company’s ‘Terminal

FOSRICH’s net profit soars to $60.65 million for the first six months

Date: August 9, 2018 Fosrich Company Limited (FOSRICH), for the six months ended June 30, 2018, reported turnover which grew 5 % year on year, to close the period at $592.29 million compared to the $564.49 million for the same period last year. For the second quarter the company posted an increase of 19% in

The only Jamaican stock you need to own

August 07, 2018 It is the intention to list Mayberry Jamaica Equities (MJE) on the Jamaica Stock Exchange (JSE) in short order. Going forward, keep a close eye  on this space as we will be giving daily updates with regards to the movement on the Net Asset Value of MJE. Please see the below graph

FOMC votes to maintain target range

Date: August 2, 2018 Based on the latest information received by the Federal Open Market Committee (FOMC) since June, the FOMC has noticed strengthening in the labour market coinciding with rising economic activity. Based on the FOMC, Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Strong

KEX reports an increase of $7.25 million in annual net profits

Date: July 31, 2018 Knutsford Express Services Limited (KEX), for the year ended May 31, 2018 reported total revenue of $926.15 million, relative to $752.40 million reported for the prior financial year. Revenue for the last quarter amounted to $249.02 million, an increase of 25% from the $199.73 million for the same period last year.

ISP seeks to grow its loan portfolio through acquisitions, mergers and technology

Date: July 27, 2018 ISP Financial Services Limited’s (ISP) AGM was held today July 27, 2018 and was hosted by Mr. Clifton Cameron, chairman of the said company. The meeting began with the usual welcoming and introductions which was subsequently followed by the independent auditor’s report. The company’s loan portfolio increased by 40% to $437.5

CCC to reach its optimal capacity by November this year

Date: July 26, 2018 Caribbean Cement Company’s (CCC) AGM was held today July 26, 2018 and was hosted by Mr. Parris A. Lyew- Ayee, chairman of Caribbean Cement Company who commenced by the usual welcoming and introductions. This was shortly followed by the independent auditor’s report. From the director’s report, it was highlighted that turnover

SVL Reports 14% Increase in Six Months Net Profit

Date: July 26, 2018 Supreme Ventures Limited (SVL), for the six months ended June 30, 2018 reported a 13% increase in revenues for the period to total $30.95 billion, up from $27.37 billion in 2017. For the second quarter, revenues totaled $15.66 million relative to $13.98 million in 2017. Revenues from the company’s segments were

ROC reports a 213% increase in six month’s gross insurance premium revenue

Date: July 24, 2018 IronRock Insurance Company Limited (ROC), for the six months ended June 30, 2018 posted gross premium of $282.12 million relative $173.35 million; this represents a 63% increase year over year. For the second quarter gross premium rose by 14% to total $127.10 million compared to $111.41 million. Change in gross provision

USA Monthly Economic Review – June 2018

Date: July 20, 2018 Please click below to view June 2018's USA Monthly Economic Review. USA Economic Review - June 2018 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

LASD Reports 19% Net Profit Growth for the First Quarter

Date: July 20, 2018 Lasco Distributors Limited (LASD), for the three months ended June 30, 2018, posted a 4% growth in revenues to $4.28 billion, up from $4.13 billion in the corresponding period in 2017. Cost of sales amounted to $3.41 billion relative to the $3.31 billion posted for the prior year. Gross profit also

C2W Reports Net Loss of US$$11,311 for the First Quarter

Date: July 19, 2018 C2W Music Limited (C2W), revenue  remained unchanged as zero returns were recorded for the three months ended March 31, 2018. C2W incurred US$9, 816 for total expenses, a 54% increase compared to US$6,394 last year for the comparable period. Consequently, C2W reported an operating loss for the quarter of US$11,311 by

JSE reports 88% increase in six months net profits

Date: July 19, 2018 Jamaica Stock Exchange Limited (JSE) ,for the first six months ended June 30, 2018 recorded total revenue of $665.92 million, a 39% increase when compared to the $477.65 million booked the prior year’s corresponding period. For the second quarter the company reported a 34% increase in total revenue to close the quarter

CBNY reported net profit of $247.42 million for their year end

Date: August 31, 2018 Ciboney Group Limited (CBNY) presented the audited results for the year ended May 31, 2018 which higlighted financial income for the period totalled $1.72 million up from the $154,000 reported for the comparable quarter in 2017. Financial income for the quarter amounted to $39,000, a gross increase of 88% relative to

LASF Reports 50% Growth in First Quarter Net Profit

Date: July 17, 2018 Lasco Financial Services Limited (LASF), for the three months ended June 30, 2018, recorded for the three months ended June 30, 2018, a total of $526.05 million in Trading Income; this represented a growth of 74% relative to the $302.68 million recorded in the comparable quarter in 2017. According to the Company,

PJX Reports First Quarter Net Loss of US$500,937

Date: July 16, 2018 Portland JSX Limited (PJX), for the three months ended May 31, 2018 recorded net loss on financial assets classified as at fair value through profit and loss amounted to US$313,175 compared to a gain of US$223,364 in 2017. Interest from loans and receivables for the quarter amounted to US$25,575 a decrease of

AMG reports 14% rise in nine months turnover

Date: July 16, 2018 AMG Packaging and Paper Company Limited (AMG), for the nine months ended May 2018 recorded Turnover in the amount of $539.02 million (2017: $472.37 million), an increase of $66.65 million when compared to that recorded the year prior. For the third quarter, Turnover totaled $195.09 million up 17% from the $166.06 million

Mayberry Jamaica Equities Limited Q2 2018 unaudited financial results

July 05, 2018 Please click link below for the Mayberry Jamaica Equities Limited Q2 2018 unaudited financial results. Mayberry Jamaican Equities Ltd. Q2 2018 Unaudited Financial Results The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure,

Mayberry Jamaican Equities Prospectus

July 05, 2018 The only Jamaican stock you need to own, Mayberry Jamaican Equities. Kindly click link below for the Mayberry Jamaican Equities Prospectus. Mayberry Jamaican Equities Prospectus  

Gas Price Movement – July 5, 2018

Brent Oil Brent oil prices increased by 0.84% or US$0.65, as prices rose this week. Oil traded on July 5, 2018 at a price of $78.06 per barrel relative to US$77.41 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.09% (JMD$1.45). Additionally

SSL rescues C2W Music Limited

Date: June 27, 2018 C2W Music Limited held its Extraordinary General Meeting (EGM) today June 27, 2018 at the Jamaica Stock Exchange Limited. The formal introduction of the speakers was given by Ms. Lamar Harris, CEO of Stocks and Securities Limited (SSL). She noted that, ‘During the Annual General Meeting of C2W, the company initiated

JETCON seeks further growth from operational improvements

Date: June 26, 2018 Jetcon Corporation Limited (JETCON) held its Annual General Meeting today June 26, 2018 at the Knutsford Court Hotel. Mr. Garth McKenzie, Chairman – Audit and Finance Committee began with opening remarks and a brief introduction of the board of directors. Jetcon Corporation Chairman, Mr. John Jackson, took the floor and showcased

Daily Market Summary June 26, 2018

Daily Market Summary 26.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Special Advisory: GWEST Corporation Limited (GWEST)

June 26, 2018 GWEST Corporation Limited (GWEST) has advised that Miss Camille Adrians has resigned from the position of Chief Accountant effective June 2018 to pursue personal interests external to the Company. GWEST further advised that Miss Karen Christie-Harris has been appointed to the position of Chief Accountant effective June 2018.

Dividend Declaration: Honey Bun 1982 Limited (HONBUN)

June 26, 2018 Honey Bun 1982 Limited (HONBUN) has advised that the dividend declaration published in May, 2018 was incorrect. The amended declaration is as follows: “At a meeting held on May 28, 2018, the Board of Directors declared an interim dividend of two Jamaican cents ($0.02) per share. The dividend is payable on June

EU: Debt mainly held by non-residents in half of the EU Member States

June 26, 2018 According to one of the latest report published by Eurostat, the statistical office of the European Union, “Significant differences can be observed across the European Union (EU) regarding the sector in which government debt is held. Among Member States for which data are available, the share of public debt held by non-residents

The only Jamaican stock you need to own

June 26, 2018 It is the intention to list Mayberry Jamaica Equities (MJE) on the Jamaica Stock Exchange (JSE) in short order. Going forward, keep a close eye  on this space as we will be giving daily updates with regards to the movement on the Net Asset Value of MJE. Please see the below graph

DCOVE will go from “good” to “great” with profits

Date: June 25, 2018 Dolphin Cove Limited (DCOVE) held its Annual General Meeting today June 25, 2018 at the Courtleigh Hotels & Suites. Hosted by Mr. Stafford Burrowes, the company’s Chairman, opened the proceedings by giving a brief overview of the 2017 financial year performance. For the financial year 2017 Mr. Burrowes stated that the

Daily Market Summary June 22, 2018

Daily Market Summary 22.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Annual General Meeting Announcements: Jamaican Teas Limited (JAMT)

June 22, 2018 Jamaican Teas Limited (JAMT) has advised that an Extraordinary General Meeting of the Company will be held at 2 Bell Road, Kingston 11 on Tuesday, July 31, 2018 at 3:00 p.m. for the purpose of considering and, if thought fit, approving the following resolution as an ordinary resolution: “Whereas Jamaican Teas Limited

Board Appointments: Jamaica Stock Exchange (JSE)

June 22, 2018 Jamaica Stock Exchange (JSE) has advised that Mr. Ian McNaughton and Mr. Gary Peart have been re-elected, at a meeting of the Board of Directors of the Company held on June 21, 2018, as Chairman and Deputy Chairman respectively of the Board of the JSE.

JP now reaping fruits from strategic decision

June 22, 2018 Jamaica Produces Group held its Annual General Meet (AGM) today. During his presentation, Mr. Jeffrey Hall, Managing Director of the Group, stated that JP operations can be broken down into two businesses: 1) JP Logistic & Infrastructure and 2) JP Food & Drink. JP Logistics & Infrastructure Division is the Group’s largest

JSE looks to list “other types of securities”

Date: June 21, 2018 The Jamaica Stock Exchange Annual General meeting was held today, at its offices. The meeting commenced with opening remarks from the Deputy Chairman, Mr. Gary Peart where he welcomed everyone to the company’s 41st Annual General Meeting (AGM). Managing Director, Mrs. Marlene Street Forrest gave a synopsis of the highlights of

Daily Market Summary June 21, 2018

Daily Market Summary 21.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Dividend Declaration: Kingston Wharves Limited (KW)

June 21, 2018 Kingston Wharves Limited (KW) has declared a dividend of JA$0.20 per share payable on August 17, 2018, to ordinary shareholders on record as at July 20, 2018. The ex-dividend date is July 19, 2018.    

Gas Price Movement – June 21, 2018

Brent Oil Brent oil prices decreased by 3.47% or US$2.64, as prices fell this week. Oil traded on June 21, 2018 at a price of $73.44 per barrel relative to US$76.08 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.26% (JMD$1.66). Additionally

USA Monthly Economic Review- May 2018

Date: June 20, 2018 Please click below to view May 2018's USA Monthly Economic Review. USA Economic Review - May 2018 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

Daily Market Summary June 20, 2018

Daily Market Summary 20.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

BPOW reports 8% increase in annual revenues

Date: June 20, 2018 Blue Power Group Limited (BPOW), for the year ended April 30, 2018, revenue increased by 8%, year over year, totaling $1.51 billion (2017: $1.40 billion) as sales from the Lumber division increased by 12% while sales from the soap division inched up by 0.2%. BPOW stated that “The overall increase in

Daily Market Summary June 19, 2018

Daily Market Summary 19.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Special Advisory: Wisynco Group Limited (WISYNCO)

June 19, 2018 Wisynco Group Limited (WISYNCO) has advised that Mr. Sean Scott, member of the Company’s Executive Management Committee, has resigned effective June 29, 2018. WISYNCO further advised that effective July 2, 2018 a 3% price increase will take effect for the Company’s imported portfolio of products due to the devaluation of the Jamaican

Dividend Consideration: Blue Power Group Limited (BPOW)

June 19, 2018 Blue Power Group Limited (BPOW) has advised that at a meeting of the Board of Directors scheduled for July 2, 2018 the following items will be considered: The declaration of a dividend Whether the Board should recommend a stock split to the shareholders.

EU.: Production in construction up by 1.8% in euro area and by 1.2% in EU28

June 19, 2018 In April 2018 compared with March 2018, production in the construction sector increased by 1.8% in the euro area (EA19) and by 1.2% in the EU28, according to a recent report by Eurostat, the statistical office of the European Union. This improvement came following a 0.2% and a 0.8%  decrease in construction

Daily Market Summary June 18, 2018

Daily Market Summary 18.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Trade In Shares: Sagicor Group Limited (SJ)

June 18, 2018 Sagicor Group Limited (SJ) has advised that a Senior Officer sold 178,538 SJ shares and that a connected party purchased 178,538 SJ shares. These transactions were conducted on June 14, 2018.    

EU: Annual inflation up to 1.9% in the euro area; Up to 2.0% in the EU

June 18, 2018 According to figures published by Eurostat, the statistical office of the European Union, Euro area annual inflation rate was 1.9% in May 2018, up from 1.3% in April. A year earlier, the rate was 1.4%. European Union annual inflation was 2.0% in May 2018, up from 1.5% in April. A year earlier,

Featured Stock: CPJ

June 18, 2018 Please click below to view today’s featured stock. Weekly Picks 18.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this

Daily Market Summary June 15, 2018

Daily Market Summary 15.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

EU: Annual growth in labour costs at 2.0% in euro area and 2.7% in EU28

June 15, 2018 According to figures published by Eurostat, the Statistical Office of the European Union, hourly labour costs rose by 2.0% in the euro area (EA19) and by 2.7% in the EU28 in the first quarter of 2018, compared with the same quarter of the previous year. This was higher than the increase of

Daily Market Summary June 14, 2018

Daily Market Summary 14.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Gas Price Movement – June 14, 2018

 Brent Oil Brent oil prices decreased by 0.48 % or US$0.37, as prices fell this week. Oil traded on June 14, 2018 at a price of $76.08 per barrel relative to US$76.45 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.16% (JMD$0.21).

Special Advisory: Jamaican Teas Limited (JAMT)

June 14, 2018 Jamaican Teas Limited (JAMT) has advised that an Extraordinary General Meeting of the Company will be held at 2 Bell Road, Kingston 11 on Tuesday, July 31, 2018 at 3pm for the purpose of considering and, if thought fit, approving the following resolution as an ordinary resolution: “Whereas Jamaican Teas Limited (“the

Trade In Shares: Supreme Venture Limited (SVL)

June 14, 2018 Supreme Venture Limited (SVL) has advised that a connected party purchased 40,000 SVL shares and that two connected parties sold a total of 1,745,532 shares. These transactions were conducted on June 11 and 12, 2018.

Dividend Declaration: Caribbean Flavours and Fragrances Limited (CFF)

June 14, 2018 Caribbean Flavours and Fragrances Limited (CFF) has advised that on June 8, 2018 the Board of Directors approved a dividend payment of $0.25 per share to shareholders on record on June 20, 2018. The payment will be made on July 2, 2018 and the ex-dividend date will be June 19, 2018.  

U.S. Import and Export Price Indexes

June 14, 2018 U.S. Bureau of Labor Statistics reported in its latest release that prices for both U.S. imports and export rose 0.6% for the second consecutive month in May. For imports, rising fuel and nonfuel prices contributed to the advances in both months. However, higher prices for both agricultural and non-agricultural exports were the

Annual General Meeting Announcements: Jamaican Teas Limited (JAMT)

June 13, 2018 Jamaican Teas Limited (JAMT) has advised that the 2018 Annual General Meeting of the Company will be reconvened at 2 Bell Road, Kingston 11 on the 31st day of July 2018 at 2:30 pm for the purpose of transacting the following business: Pursuant to Sections 130(4) and 154(5) of the Companies Act

Trade In Shares: NCB Financial Group Limited (NCBFG)

June 13, 2018 NCB Financial Group Limited (NCBFG) has advised that a connected party sold 5,000,000 NCBFG shares and that a Director purchased 14,400 NCBFG shares. These transactions were conducted on June 11, 2018.  

Daily Market Summary June 13, 2018

June 13,2018 Daily Market Summary 13.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful.

U.S.: Fed raised rates

June 13, 2018  Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth

EU: Employment up by 0.4% in both the euro area and the EU28

June 13, 2018 According to a recent report  published by Eurostat, the statistical office of the European Union, the number of persons employed increased by 0.4% in both the euro area (EA19) and the EU28 in the first quarter of 2018 compared with the previous quarter.  In the fourth quarter of 2017, employment increased by

Daily Market Summary June 12, 2018

Daily Market Summary 12.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Special Advisory: GraceKennedy Limited (GK)

June 12, 2018 GraceKennedy Limited (GK) has announced that the Company will acquire a 35% share in Catherine’s Peak pure spring bottled water brand, which is owned by Peak Bottling Company Limited (PBCL), subject to further due diligence. The acquisition is being undertaken following the signing of a binding memorandum of understanding between GK and

CAC netted $53.65 million profit for six months ending April 2018

June 12, 2018 CAC revenues for the six months ended April 30, 2018 increased 10% to $623.44 million relative to $567.51 million for the comparable period in 2017. Revenues for the second quarter increased by 45% to $383.93 million compared to $265.64 million for the same period the prior financial year. Cost of Sales also increased

Daily Market Summary June 11, 2018

Daily Market Summary 11.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Annual General Meeting Announcements: C2W Music Limited (MUSIC)

June 11, 2018 C2W Music Limited (MUSIC) has advised that an Extraordinary General Meeting will be held at the Jamaica Stock Exchange, 40 Harbour Street, Kingston on Wednesday, June 27, 2018 commencing at 12 noon to discuss the following business: ‘C2W Music Limited has advised that a resolution was passed at a meeting of the

Featured Stock: CCC

June 11, 2018 Please click below to view today’s featured stock. Weekly Picks 11.06.18 CCC   The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents

Daily Market Summary June 8, 2018

Daily Market Summary 8.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

PBS netted loss of US$234 thousand for 1Q 2018

June 8, 2018 Productive Business Solutions Limited (PBS) for the three months ended March 2018, reported a 1% decline in revenues from US$42.45 million for the 2017 period to US$42.20 million in 2018. Direct expenses recorded a decline to close the period at $US$23.44 million when compared to US$23.90 million for the same period of 2017.

Daily Market Summary June 7, 2018

Daily Market Summary 7.06.18 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may

Special Advisory: Derrimon Trading Company Limited (DTL)

June 7, 2018 Derrimon Trading Company Limited (DTL) has advised that the Company has signed a J$625,000,000 Syndicated Facility, arranged and structured by Sagicor Bank Limited and First Global Bank Limited at an attractive interest rate. The facility will be amortized over a period of ten (10) years. DTL also advised that the facility will

Board Appointments: Sagicor Real Estate X Fund (XFUND)

June 7, 2018 Sagicor Real Estate X Fund (XFUND) has advised that the Board of Directors has appointed Ms. Brenda-Lee Martin as Chief Executive Officer with effect from June 1, 2018. Ms. Martin replaces Mr. Rohan Miller who demitted office earlier this year.    

Dividend Declaration: Jamaica Teas Limited (JAMT)

June 7, 2018 Jamaica Teas Limited (JAMT) has advised that at a meeting held on June 6, 2018 the Board of Directors declared a dividend of three cents ($0.03) per ordinary share payable on 28 June 2018 to shareholders on record as at 15 June 2018. The ex-dividend date is June 14, 2018.