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.    

Dividend Declaration: Scotia Group Jamaica Limited (SGJ)

June 7,2018 Scotia Group Jamaica Limited (SGJ) has advised that the Board of Directors on June 6, 2018 passed the following resolution: “Be it resolved that a second interim dividend of 48 cents be paid on each stock unit of the paid up capital stock of the Company to stockholders on record as at the

Gas Price Movement – June 7, 2018

Brent Oil Brent oil prices decreased by 1.63 % or US$1.27, as prices fell this week. Oil traded on June 7, 2018 at a price of $76.45 per barrel relative to US$77.72 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decreased week over week, by 0.47% (JMD$0.62).

EU: GDP for the first quarter of 2018 up by 0.4% in both euro area and EU28

June 7, 2018 According to Eurostat, the statistical office of the European Union, GDP rose by 0.4% in both the euro area (EA19) and the EU28 during the first quarter of 2018, compared with the previous quarter. Similarly, in the fourth quarter of 2017, GDP had grown by 0.7% in both zones. However, when compared

Daily Market Summary June 6, 2018

Daily Market Summary 6.06.18 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

CAC2000 to diversify its product offering

June 6, 2018 CAC2000 Limited Annual General Meeting was held today at the Knutsford Court Hotel. Chairman, Mr. Steven Marston, during his presentation outlined the strategies the Company wishes to employ for the 2018 financial year. In FY 2017, he noted CAC2000 implemented a cloud-based Customer Relationship Management(CRM) Operation System to improve customer service and

Board Resignations: Lasco Manufacturing Limited (LASM)

June 6, 2018 Lasco Manufacturing Limited (LASM) has advised that Mr. Colin Maxwell resigned from the Board of Directors effective June 1, 2018. LASM also advised that Mr. Maxwell’s decision was due to an increase in his personal work load which would not have allowed him to devote enough time to carry out his responsibilities

Trade In Shares: Sagicor Group Jamaica Limited (SJ)

June 6, 2018 Sagicor Group Jamaica Limited (SJ) has advised that four connected parties sold a total of 911,516 SJ shares and a connected party purchased 162,516 SJ shares. These transactions were conducted during the period May 30, 2018 to June 5, 2018.

Dividend Declaration: CAC 2000 Limited (CAC)

June 6, 2018 CAC 2000 Limited (CAC) has advised that the Board of Directors unanimously voted in favour in the Board Meeting held on May 30, 2018 at 231 Marcus Garvey Drive, Kingston 11, to issue an interim dividend payment on ordinary shares based on its 6 month results as follows: Dividend Payment Date: July

U.S.: Productivity and Costs, First Quarter 2018

June 6, 2018 U.S. Bureau of Labor Statistics released its labor productivity report today. Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers. According to the report, nonfarm business sector labor productivity increased

GraceKennedy Group looks to 2022

June 6, 2018 At GraceKennedy Ltd.’s Annual General Meeting, held on Wednesday, May 30 at the Company’s Harbour Street, Kingston Headquarters; Don Wehby, Group CEO, signalled to shareholders some of the strategic plans for the Company in the lead up to its 100th year anniversary in 2022. Click on link below for the full document: Media-Release-GraceKennedy-looks-to-2022-31-May-2018

SOS to enter the wider Caribbean market with SEEK brand

June 5, 2018 Stationery and Office Supplies Limited (SOS) held its first Annual General Meeting (AGM) since listing on the Jamaica Stock Exchange(Junior Market) in August of last year. Stationary and Office Supplies (SOS) financial controller, David Charles Plant, expressed satisfaction regarding the firm’s performance. Some of the financial highlights reiterated by  Mr. Plant are

Daily Market Summary June 5, 2018

June 5, 2018 Daily Market Summary 5.06.18 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

Special Advisory: GraceKennedy Limited (GK)

June 05, 2018 GraceKennedy Limited (GK) At GK’s Annual General Meeting, held on Wednesday, May 30 at the Company’s Harbour Street, Kingston Headquarters; Don Wehby, Group CEO, signalled to shareholders some of the strategic plans for the Company in the lead up to its 100th year anniversary in 2022. “GK maintains that in order to

Special Advisory: Sagicor Group Jamaica Limited (SJ)

June 5, 2018 Sagicor Group Jamaica Limited (SJ) has advised that earlier this year Principals of Sagicor Real Estate X Fund Limited and Sagicor Group Jamaica through its affiliated entities, (The Sagicor Entities), announced that they had entered into an agreement with NASDAQ listed all-inclusive owner and operator, Playa Hotels & Resorts N.V., to combine

Dividend Declaration: Express Catering Limited (ECL)

June 05, 2018 Express Catering Limited (ECL) has advised that the directors have declared an Interim Dividend payment of US 0.36645 cents (US$0.0036645) per share for a total of US$ 6,001,437.50 to all shareholders on record as at June 15, 2018, payable on September 25, 2018.  The ex-dividend date is June 14, 2018.

U.S.: Job Openings and Labor Turnover Summary

June 5, 2018 The U.S Bureau of Labor Statistics revealed that the number of job openings was little changed at 6.7 million on the last business day of April. Over the said month, there were little change in the number of hires and separations which amounted to 5.6 million and 5.4 million respectively. However, within

Daily Market Summary June 4, 2018

Daily Market Summary 4.06.18 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

Industrial producer prices stable in euro area Up by 0.1% in the EU28

June 4, 2018 According to Eurostat, the statistical office of the European Union, in April 2018, compared with April 2017, industrial producer prices rose by 2.0% in the euro area and by 2.4% in the EU28; while in March 2018, prices increased by 0.1% in both zones. For the month of April 2018, however, industrial

Featured Stock: JBG

June 4, 2018 Please click below to view today’s featured stock. Weekly Picks 4.06.18   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

Daily Market Summary June 1, 2018

Daily Market Summary 1.06.18 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 Jamaica Limited (SJ)

June 1, 2018 Sagicor Group Jamaica Limited (SJ) has advised that six connected parties sold a total of 328,550 SJ shares and two connected parties purchased a total of 53,357 SJ shares. These transactions were conducted during the period May 24 to 30, 2018.

GENAC experiences an underwriting loss for the first time in recent years

Date: June 1, 2018 General Accident Insurance Company Limited (GENAC) Annual Meeting was held today June 1, 2018. For the financial year in review, the Company had a disappointing year closing with an underwriting loss in for the first time in recent years. Despite the underwriting performance, Gross premium moved up from $5.65 billion in

RJR posts year end net loss of $41.79 million

June 1, 2018 Radio Jamaica Limited (RJR) for the year ended March 31, 2018 recorded revenues of $5.05 billion, 4% lower than the$5.23 billion booked for the prior year. The quarter had a 3% decrease to $1.17 billion (2017: $1.20 million). Direct Expenses fell by 2% to $2.51 billion relative to $2.56 million for the

Special Advisory: Jamaica Broilers Group Limited (JBG)

June 1, 2018 Jamaica Broilers Group Limited (JBGL) has advised that the Company has entered into an Agreement prior to the 28thday of April, 2018 to lend to JBGL Stockholders Nominee Limited (“the Shareholder Trust”) a sum not exceeding J$4.35B. A portion of the loan was used to purchase a total of 165,452,446 shares. This

Gas Price Movement – May 31, 2018

Brent Oil Brent oil prices decreased by 1.86 % or US$1.47, as prices fell this week. Oil traded on May 31, 2018 at a price of $77.72 per barrel relative to US$79.19 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 0.25% (JMD$0.33).

ROC expects rapid growth for the next four years

Date: May 31, 2018 Iron Rock’s (ROC) Annual General Meeting  was held today May 31, 2018, hosted by Managing Director,  Mr. Evan Thwaites. Mr. Thwaites initiated the proceedings with the director’s report. Subsequent to the report, a review of the financial year 2017 was presented. From the Director’s Report it was highlighted that gross written

Daily Market Summary May 31, 2018

Daily Market Summary 31.05.18 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: CAC 2000 Limited (CAC)

May 31, 2018 CAC 2000 Limited (CAC) has advised that Gia Abraham has assumed her newly appointed position of Chief Operating Officer (COO) effective May 1, 2018, in addition to her role of Director and Company Secretary. CAC further advised that in her new role, Ms. Abraham will be responsible for the daily operation of

Trade In Shares: Key Insurance Company Limited (KEY)

May 31, 3018 Key Insurance Company Limited (KEY) has advised that a Director sold 5,228,000 KEY shares and that a Director purchased 3,605,000 KEY shares. These transactions were conducted on May 24, 2018.    

MDS reports 9% increase in year’s net profits

Date: May 30, 2018 Medical Disposables & Supplies Limited (MDS), for the Year ending March 31, 2018 reported Revenue of $2.04 billion, an increase of 19% compared to the $1.71 billion booked in 2017. Cost of Sales increased $280.63 million to total $1.58 billion relative to $1.30 billion in 2017, a 22% increase. As a

GWEST reports a year’s net loss of $88.11 million

Date: May 31, 2018 GWEST Corporation Limited (GWEST), for the year ended March 31, 2018 reported Total revenue  amounting to $66.39 million, a decrease of 93% when compared with the $1.01 billion booked last year. Revenue fell by 99% or $941,238 for the fourth quarter. GWEST stated that this performance was due to “to the

LASD reports 55% increase in year end net profit

May 31, 2018 Lasco Distributors Limited (LASD) For the year ended March 31, 2018 posted a 3% growth in revenues to $16.27 billion, up from $15.80 billion in the corresponding period in 2017. Cost of sales amounted to $13.10 billion relative to the $12.87 billion posted for the prior year. Gross profits also recorded an

LASF reports 35% uptick in year’s net profit

Date: March 31, 2018 Lasco Financial Services (LASF), for the year ended March 31, 2018 recorded a total of $1.55 billion in Trading Income; this represented a growth of 51% relative to the $1.02 billion recorded in 2017. Other Income amounted to $72.02 million, a rise of 53% compared to $46.97 million in 2017, this resulted

Special Advisory: Caribbean Cement Company Limited (CCC)

May 30, 2018 Caribbean Cement Company Limited (CCC) has advised that on May 28, 2018, pursuant to the authorization of its Board of Directors, the Company entered into two loan agreements with CEMEX España, S.A., a subsidiary of CEMEX, S.A.B. de C.V.: (i) a term loan agreement for US$50 million bearing an annual interest rate

Dividend Declaration: Honey Bun (1982) Limited (HONBUN

May 30, 2018 Honey Bun (1982) Limited (HONBUN) has advised that the Board of Directors declared an interim dividend of 20 Jamaican cents per share ($0.20). The dividend is payable on June 25, 2018 to shareholders on record as at June 11, 2018. The ex-dividend date is June 8, 2018.    

GK One, the one stop shop for the financial industry

May 30, 2018 Grace Kennedy (GK) Annual General Meeting(AGM) was held today May 30, 2018, which coincidentally marks the day Douglas Orane-former Chairman of GK- permanently retired from GK’S board of directors. In the words of current Chairman, The Hon. Gordon Shirley, “he has serve the Company with great distinction  and has made an extra-ordinary

CAR reports a 8% decrease in Net Profit attributable to Shareholders

Date: May 30, 2018 Carreras Limited (CAR), for the financial year ended March 31, 2018Carreras Limited Operating Revenue of $12.55 billion, a 7% decrease compared to $13.51 billion recognized in 2017. Cost of Operating Revenue also declined year over year by 10%, amounting to $6.25 billion for the period from $6.97 billion in 2017.  Notwithstanding

138SL books 88% fall in six months net profit

May 30, 2018 138SL’s Income increased by 65% to $411.92 million relative to the $248.96 million recorded for the corresponding six months period the prior year. Other operating income also increased for the six months period, growing 17% to 15.87 million relative to $13.52 a year earlier. Revenue for the second quarter rose 56% to

PURITY posts 258% increase in first quarter net profit

May 30, 2018 For the first quarter of the 2018 financial year, the company recorded a Total Revenue of $271.04million (2017: $227.91 million), representing a 19% increase. Cost of Sales for the quarter amounted to $161.94million, up 11% relative to $145.52 million booked at the end of quarter one 2017.  As such, Gross Profits totaled

METROPOLITAN AREA EMPLOYMENT AND UNEMPLOYMENT — APRIL 2018

May 30, 2018 The U.S. Bureau of Labor Statistics confirmed in its latest report that the national unemployment rate in April was 3.7 percent, down from 4.1 percent a year earlier. “Unemployment rates were lower in April than a year earlier in 305 of the 388 metropolitan areas, higher in 63 areas, and unchanged in

Daily Market Summary May 29, 2018

Daily Market Summary 29.05.18 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: Proven Investments Limited (PROVEN)

May 29, 2018 Proven Investments Limited (PROVEN) has declared a dividend payment of US$ 0.0012 per share payable on June 26, 2018 to ordinary shareholders on record as at June 8, 2018. The ex-dividend date is June 7, 2018. Ordinary shareholders who have requested payment in Jamaican Dollars will receive the equivalent of JA$0.151491 per

Special Advisory: Proven Investments Limited (PROVEN)

May 29, 2018 Proven Investments Limited (PROVEN) advised that the early redemption of the PROVEN 8.25% Cumulative Redeemable Preference shares was approved at a Board of Directors’ meeting held on May 25, 2018. Redemption of the PROVEN 8.25% Preference shares will take place on the next interest payment date of June 15, 2018.

Dividend Declaration: Jamaica Public Service Limited (JPS)

May 29, 2018 Jamaica Public Service Limited (JPS) has advised that the Board of Directors on March 28, 2018 considered and approved that quarterly preference dividends be declared payable on June 29, 2018 to shareholders on record as at June 15, 2018 on the undermentioned classes of Preference Shares: $0.035 on the 7% Cumulative Preference

Daily Market Summary May 28, 2018

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SVL hails historic 2017 performance

Date: May 28, 2018 The Chairman of Supreme Ventures Group, Mr. David McConnell, began the proceedings at the Annual General Meeting by highlighting that the company has acquired 800 new shareholders. He further went on to introduce the President and Chief Executive Officer (CEO) of Supreme Ventures, the first female to occupy such a position

Dividend Declaration: Carreras Limited (CAR)

May 28, 2018 Carreras Limited (CAR) has advised that at a meeting of the Board of Directors held on May 25, 2018 the Directors declared an interim dividend of $0.21 per stock unit to be paid out of accumulated profits on June 28, 2018 to stockholders as shown on the Register of Members as at

SJ to continue 18 year trend of steady growth

The President and CEO of Sagicor Group Jamaica Limited (SJ), Christopher Zacca, provided an overview of the Company’s performance for the past year, today at the Annual General Meeting. The theme of the annual report for financial year 2017 is “Driving Growth Through Performance and Innovation.” The CEO further expounded that, “this speaks to the

Featured Stock: XFUND

May 28, 2018 Please click below to view today’s featured stock. Weekly Picks 28.05.18   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

Daily Market Summary May 25, 2018

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Dividend Declaration: Key Insurance Company Limited (KEY)

May 25, 2018 Key Insurance Company Limited (KEY) has advised that upon the recommendation of its Audit Committee, the Board of Directors passed a resolution via round robin on May 21, 2018 for the declaration of a dividend of $0.029 per stock unit out of earnings for the year ended December 31, 2017 to shareholders

Dividend Declaration: Access Financial Services Limited (AFS)

May 25, 2018 Access Financial Services Limited (AFS) has advised that the Board of Directors approved a dividend payment to its ordinary shareholders at the Board Meeting held on May 22, 2018. The dividend payment is outlined below: Dividend per share -  $0.40 Record Date             - June 15, 2018 Payment Date           - June 29, 2018

Dividend Declaration: JMMB Group Limited (JMMBGL)

May 25, 2018 JMMB Group Limited (JMMBGL) has advised that at a meeting of the Board of Directors held on May 24, 2018, the Directors declared a dividend of twenty-seven cents (27cents) per ordinary share payable to shareholders on record as at June 7, 2018 to paid on June 29, 2018. The ex-dividend date is

Special Advisory: Kingston Properties Limited (KPREIT)

May 25, 2018 Kingston Properties Limited (KPREIT) has advised that on May 23, 2018, KPREIT completed a further advance on an existing loan facility with Terrabank, N.A. in Florida, and that the sum of the advance was USD800,000.00, which will be used for acquisition of new properties. KPREIT further advised that the Company closed on

Daily Market Summary May 24, 2018

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Gas Price Movement – May 24, 2018

Brent Oil Brent oil prices decreased by 1.39 % or US$1.12, as prices fell this week. Oil traded on May 24, 2018 at a price of $79.19 per barrel relative to US$80.31 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 2.15% (JMD$2.79).

U.S.: Employment and Wages by County

May 24, 2018 The latest report from the U.S. Bureau of Labor Statistics showed that from December 2016 to December 2017, employment increased in 316 of the 346 largest U.S. counties. Midland, Texas, had the largest percentage increase with a gain of 11.5 percent over the year, above the national job growth rate of 1.5

Daily Market Summary May 22, 2018

Daily Market Summary 22.05.18 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

USA Monthly Economic Review- April 2018

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

Daily Market Summary May 21, 2018

Daily Market Summary 21.05.18 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

Bank of Jamaica Quarterly Monetary Report – January to March 2018

Date: May 21, 2018 Bank of Jamaica Quarterly Monetary Report for the period (January to March 2018) The Bank of Jamaica held their Quarterly Monetary Policy Report Press Conference today, as Governor Brian Wynter highlighted the third monetary policy decision for the year was to lower the policy rate (the interest rate paid on overnight

Featured Stock: MDS

May 21, 2018 Please click below to view today’s featured stock. Weekly Picks 21.05.18 MDS   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 May 18, 2018

Daily Market Summary 18.05.18 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

HONBUN reported 19% dip in six months net profits

March 18, 2018 Revenue dipped by 1% amounting to $674.74 million, down from $680.34 million reported a year ago. The Company had an 5% decrease in Cost of Sales to $366.10 million and consequently, Gross Profit increased by 4% or $296.71 million year-to-date to $308.65 million. For the quarter, Gross Profit increased by 4% to

Daily Market Summary May 17, 2018

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Eppley, Fortress and Altman Complete Agreement

May 17, 2018 Eppley Fund Managers Limited (“Eppley”), Fortress Fund Managers (“Fortress”) and Altman Real Estate (“Altman”) have completed their agreement signed in January 2018, pursuant to which Eppley has now assumed all investment management and advisory responsibilities for the Fortress Caribbean Property Fund Limited SCC. Following a special shareholders’ meeting held in February, the

KLE reports first quarter net loss of $1.90 million

Date: May 17, 2018 K.L.E. Group Limited (KLE), for the first three months ended March 31, 2018 reported Total Revenue of $51.38 million, a 4% increase when compared with the $49.40 million reported for the corresponding period of 2017. Gross Profit totaled $34.39 million, up 9% relative to the $33.88 million reported in 2017. This followed

PULSE recorded 18% increase in net profit for nine month ended March 2018

May 16, 2018 Revenue increased $31.39 million year on year, closing the period at $313.23 million, up from $263.66 million in 2017. Administrative and Other Expenses increased 15%, closing the period at $140.83 million (2017:$122.11 million). As such, Operating Profit increased 22%, closing at $172.40 million (2017:$141.55 million). There was a Fair Value Appreciation on

Elite reports 23% increase in nine months revenues

Date: May 16, 2018 Elite Diagnostic Limited, for the nine months ended March 31, 2018 booked a 24% increase in revenue to total $219.91 million compared to $179.29 million for the same period in 2017. Revenue for the third quarter rose by 20% to $78.24 million (2017: $65.28 million). The company stated that this was

Daily Market Summary May 16, 2018

Daily Market Summary 16.05.18 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

SJ reports 2% increase in first quarter net profits

Date: May 16, 2018 Sagicor Group Jamaica Limited (SJ), for the three months ended March 31, 2018, reported total revenues increased by 5% to $15.82 billion from $15.08 billion in 2017, and was broken down as follows: Net investment income declined to $4.10 billion from $4.54 billion in 2017. SJ noted that this was due

JP reported a 24% increase in 1Q net profit

May 16, 2018 For first quarter ended March 31, 2018, Jamaica Producers Group Limited (JP) experienced a 31% increase in revenue to total $4.48 billion compared to the $3.41 billion reported in 2017. The revenues generated by the various segments are as follows: JP Food & Drink division posted revenues of $2.64 billion relative to

XFUND records a 9% drop in first quarter net profit

            May 16, 2018 Total Revenue for the quarter ended March 31, 2018 grew 7% to $3.39 billion (2017: $3.16 billion). Hotel revenue for the quarter  increased to $3.29 billion relative to $2.90 billion in 2017. Interest Income decreased 15% to close at $6.97 million (2017: $8.23 million), while net

ISP reports a 11% increase in first quarter net profits

Date: May 16, 2018 ISP Finance Services Limited’s (ISP), for the three months ended March 31, 2018 reported Total Interest Income amounting $70.46 million compared to $65.53 million in 2017, an increase of 8%. Total income is broken down as follows: Interest Income from Loans grew by 9% to total $70.38 million relative to $64.28 million

DTL reports 29% increase in net profit for 1Q, 2018

May 16, 2018 Derrimon Trading Limited (DTL) grew its Trading Income by 27%, to end the quarter at $1.94 billion compared to the $1.53 billion for the first quarter of 2018. Cost of Sales increased by 27%% to $1.59billion for the period (2017: $1.25 billion). As a result, Gross Profit amounted to $353.48 million relative

GENAC reports 67% increase in first quarter net profits

Date: May 16, 2018 General Accident Insurance Company Limited (GENAC), for the three months ended March 31, 2018 reported Net Premium Written of $430.59 million for the first quarter of the 2018 financial year, a 25% increase from the $344.45 million reported in 2017. This increase was driven by 12% increase in Gross Premium Written

SEP netted 27.58% increase in first quarter profit

May 16, 2018 Revenue totalled $4.95 billion compared to the $4.25 billion recorded for the same period of the prior financial year; this represents a 16.47% increase year over year. Cost of Sales increased by 8.81% from $3.19 billion to $3.47 billion resulting in Gross Profits increasing by 39.57% to close at $1.48billion (2017: $1.06

CFF increased net profit by 6% for nine month ended March 2018

May 16, 2018 For the nine months ended March 31, 2018, Caribbean Flavours & Fragrances Limited’s (CFF) revenue increased by 1% to $302.98 million relative to $300.67 million for the comparable period in 2017. For the quarter, the Company generated gross revenue of $88.72 million, a marginal increase year over year. Cost of sales also increased

KPREIT diversifies geographically

May 15, 2018 This year’s Kingston Property Limited (KPREIT) Annual General Meet (AGM) was held today under the theme, “ Ten years of increasing shareholders value”; and that  is exactly what Chairman, Garfield Sinclair, believed the firm has achieved. As noted by CEO, Kevin Richards, “ back in 2008 our portfolio  was valued at J$314

Daily Market Summary May 15, 2018

Daily Market Summary 15.05.18 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

SRA reports a $113 million net loss for the year end

Date: May 15, 2018 Sweet River Abattoirs Limited (SRA) Audited financials for the year ended March 31, 2018 reported revenue for the twelve months ended March 31, 2018 of $304.41 million, a decrease of 12% compared to the $345.12 million booked for the corresponding period in 2017. Revenue for the quarter declined by 26% compared to

JSE reports 80% increase in first quarter net profits

Date: May 15, 2018 Jamaica Stock Exchange Limited (JSE), for the first three months ended March 31, 2018 recorded total revenue of $349.58 million, a 45% increase when compared to the $241.07 million booked the prior year. Of this: Cess income rose by 84% to $126.06 million relative to $68.56 million the previous year. Fee income

EPLY reports 30% increase in first quarter net profits

Date: May 15, 2018 Eppley Limited (EPLY), for the first three months ended March 31, 2018 reported interest income of $73.71 million an increase of 18% when compared to the $62.54 million recorded the previous year. Interest expenses amounted to $45.11 million, a 22% increase when compared to $36.86 million for the corresponding period in

KEY books 31% increase in first quarter gross premiums written

Date: May 14, 2018 Key Insurance Company Limited (KEY), for the first three months ended March 31, 2018 reported a 31% increase in net premiums written from $199.17 million to $261.60 million. This was as a result of a 31% increase in gross premiums written from $295.93 million to $387.66 million. Reinsurance cede for the first

Daily Market Summary May 14, 2018

Daily Market Summary 14.05.18 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

Featured Stock: CPJ

May 14, 2018 Please click below to view today’s featured stock. Weekly Picks 14.05.18   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

Daily Market Summary May 11, 2018

Daily Market Summary 11.05.18 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

GK reports 18% growth in first quarter profit attributable to shareholders

Grace Kennedy Limited (GK), for the three months ended March 31, 2018, recorded revenue of $24.91 billion for year (2017: $23.69 billion), a year over year increase of 5%. The biggest contributor to the group’s overall revenue for the quarter was income from the ‘Food Trading’ segment which contributed a total of $19.98 billion (2017: $18.82

Dividend Consideration: JMMB Group Limited (JMMBGL)

May 10, 2018 JMMB Group Limited (JMMBGL) has advised that at a Board of Directors’ meeting scheduled for May 24, 2018, an interim dividend payment to ordinary shareholders of the Company will be considered.    

Daily Market Summary May 10, 2018

Daily Market Summary 10.05.18 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

U.S.: Job Openings and Labor Turnover

May 9, 2018 While the number of job openings increased to 6.6 million for March 2018, hires, separations and quits (which is a portion of separation) all recorded little change. In other words, the change that occurred in these items were statistically insignificant. According to the Bureau of Labor Statistics in a most recent report,

BIL reported 15% dipped in six months net profit

May 9, 2018 Interest income declined by 5% during the six month period, amounting to $511.74 million relative to $540.44 million for the comparable period in 2017. Interest expense also declined to close at $322.43 million compared to $394.49 million in 2017. As a result, net interest income increased by 30% to $189.31 million relative

Daily Market Summary May 8, 2018

Daily Market Summary 08.05.18 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

Daily Market Summary May 7, 2018

May 7, 2018 Daily Market Summary 07.05.18 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

C2W Music Awaits a Rescue Plan

C2W Music Limited’s (MUSIC) Annual General Meeting was held on Saturday, May 5, 2018, at the Knutsford Court Hotel.  The meeting began with the reading of the Audit Statement by Emile Lafayette, Partner at Baker Tilly Strachan and Lafayette, external auditors of the company. Audit statement followed initial opening remarks by Chairman Derek Wilkie. The

Featured Stock: SALF

May 7, 2018 Please click below to view today’s featured stock. Weekly Picks 7.05.18 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 May 4, 2018

Daily Market Summary 04.05.18 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

Daily Market Summary May 3, 2018

Daily Market Summary 03.05.18 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

JCC: Business Confidence Index dipped while Consumer Confidence Index increased

May 3, 2018 Business Confidence Index According to the Survey of Business Confidence index dipped to 136.5 points for the first quarter 2018, 2.05 points below 2017 average of 138.6 points. As stated by the report, this dip the Business Confidence index was too small to consider it an “established change in business sentiment” and

Gas Price Movement – May 3, 2018

Brent Oil Brent oil prices decreased by 2.68 % or US$2, as prices fell this week. Oil traded on May 3, 2018 at a price of $72.69 per barrel relative to US$74.69 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.04% (JMD$1.32).

U.S.: Productivity and Costs, First Quarter 2018

May 3, 2018 Labor productivity, or output per hour, for nonfarm business sector increased 0.7 percent during the first quarter of 2018, reflecting an increase of 2.8 percent in output while hours worked increased 2.1 percent. On an annual basis, from the first quarter of 2017 to the first quarter of 2018, productivity increased 1.3

Daily Market Summary May 2, 2018

Daily Market Summary 02.05.18 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

Fed decides to keep rates in check

May 2, 2018 The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent. According to a press release by the Federal Open Market Committee, “the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains

Euro area unemployment at 8.5% EU28 at 7.1%

May 2, 2018 For the month of March 2018 the euro area unemployment rate remained stable at 8.5% when compared to February 2018, according to the latest report published by Eurostat. However, year over year, unemployment rate fell 0.9%  from 9.4% recorded in March 2017. Unemployment is at its lowest in the euro area since

Daily Market Summary May 1, 2018

Daily Market Summary 01.05.18 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

Jamaica’s unemployment rate declined

May 1, 2018 According to the Statistical Institute of Jamaica (STATIN), unemployment rate continued on a downward trajectory for January 2018 due to decline in the labour force along with a simultaneous increase in employment. In January 2018, unemployment rate was 9.6%  a decrease of 3.1% when compared with 12.7% in January 2017, the latest

Daily Market Summary April 30, 2018

Daily Market Summary 30.04.18 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

Employment Cost Index Summary

April 30, 2018 According to the Bureau of Labor Statistics, for the 3-month period ended March 2018, compensation costs for civilian workers increased 0.8 percent. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.9 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.7 percent. Civilian

SVL reports 48% increase in three months net profits

Date: April 30, 2018 Supreme Ventures Limited (SVL), for the Three Months March 31, 2018 reported a 14% increase in Revenues to total $15.29 billion, up from $13.39 billion in 2017 representing the best results for the first quarter in the history of Group’s operation. Revenues from the company’s segments were as follows: Lottery - $10.98

Featured Stock: MDS

April 30 2018 Please click below to view today’s featured stock. Weekly Picks 30.04.18 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

Daily Market Summary April 27, 2018

Daily Market Summary 27.04.18 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

SEP netted $735.04 million year end

April 27, 2018 Seprod Limited (SEP), for the year ending December 31, 2017, reported Revenue of $16.51 billion compared to the $15.78 billion recorded for the prior financial year; this represents a 4.62% increase year over year.  SEP noted, “the export segment delivered a 46% growth over prior year, despite some key markets being negatively

PJX reverse losses to earn US$1.90 million year end

April 27, 2018 Net gain on financial assets classified as at fair value through profit and loss amounted to US$2.07 million compared to a loss of US$437,923 last year.  For the three months, net gain on financial assets classified  as fair value through profit amounted to US$1,38 million compared to a 2017 loss of US$1.18

Daily Market Summary April 26, 2018

Daily Market Summary 26.04.18 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 – April 26, 2018

Brent Oil Brent oil prices increased by 0.48 % or US$0.36, as prices rose this week. Oil traded on April 26, 2018 at a price of $74.69 per barrel relative to US$74.33 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.19% (JMD$1.49).

U.S.: Business Employment Dynamics Summary -Third Quarter 2017

April 26, 2018 Net job loss due to closing and contracting private-sector establishments for third quarter-June 2017 to September 2017- amounted to 140,000, the Bureau of Labor Statistics reported in its latest release. According to the Bureau, “gross job losses from closing and contracting private-sector establishments were 7.4 million, an increase of 268,000 jobs lost

Daily Market Summary April 24, 2018

Daily Market Summary 24.04.18 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

ROC reports 150% increase in gross premiums

Date: April 24, 2018 IronRock Insurance Company Limited (ROC), for the three months ended March 31, 2018 posted gross premium of $155.02 million relative $61.94 million; this represents a 150% increase year over year. Change in gross provision for unearned premiums amounted to $99.46 million compared to $42.30 million in 2017 while excess of loss premium

Daily Market Summary April 23, 2018

Daily Market Summary 23.04.18 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

Featured Stock: JMMBGL

April 23, 2018 Please click below to view today’s featured stock. daily Picks 23.04.2018 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 April 20, 2018

Daily Market Summary 20.04.18 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

The United States: EU’s largest partner for exports

April 20, 2018 For 2017, the United States was the EU's largest partner for exports (20 % of total extra-EU exports) and second largest for EU imports (14 % of total extra-EU imports), after China (20 %) according to Eurostat. For the period 2007 to 2017, the EU had a trade surplus (meaning larger exports

USA Monthly Economic Review

Date: April 19, 2018 Please click below to view March 2018's USA Monthly Economic Review. USA Economic Review - March 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.

Daily Market Summary April 19, 2018

Daily Market Summary 19.04.18 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- April 19, 2018

Brent Oil Brent oil prices increased by 3.58 % or US$2.57, as prices rose this week. Oil traded on April 19, 2018 at a price of $74.33 per barrel relative to US$71.76 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increased week over week, by 1.20% (JMD$1.48).

U.S.: Gross Domestic Product by Industry: Fourth Quarter

April 19, 2018 U.S real gross domestic product (GDP) grew 2.9% for the fourth quarter of 2017, led by 16 of the 22 domestic industry groups. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, “Durable Goods Manufacturing; Construction; and Professional, Scientific, and Technical Services were the leading

Mayberry Investments Limited (MIL) Q1 March 2018 Results

April 18, 2018 Please click link below for the 2017 year-end results for Mayberry Group. Mayberry March 2018 Q1 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 taking any Action in

JAMT to continue to drive export sales

April 18, 2018 Chief Executive Officer of Jamaican Teas Limited, John Mahfood, pledges to continue to drive export growth as the firm’s strategic plan for the short term. At the General Annual Meeting (AGM) held today, John Mahfood proudly told shareholders that export sales in the 2017 financial year had surpassed domestic sales. “ In 2017,

Daily Market Summary April 18, 2018

Daily Market Summary 18.04.18 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: Production in construction down by 0.5% in euro area, down by 0.8% in EU28

April 18, 2018 In February 2018 compared with January 2018, production in the construction sector decreased by 0.5% in the euro area (EA19) and by 0.8% in the EU28, according to a recent publication by Eurostat, the statistical office of the European Union. Activities in the construction sector is decreasing at a slower pace than

Special Advisory: Stationery and Office Supplies Limited (SOS)

April 17, 2018 Stationery and Office Supplies Limited (SOS) has advised of the purchase of equipment used to manufacture various types of writing books as well as the brand name SEEK. “This purchase will allow SOS to enter the manufacturing industry in Jamaica starting with books and a plan to continue to manufacture other stationery

Daily Market Summary April 16, 2018

Daily Market Summary 16.04.18 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

U.S.: Job Openings and Labor Turnover

April 16, 2018 All indicators reveals that the labor market remains stable for the month of February, a recent release from the U.S. Bureau of Labor Statistics reported. According to the report, “Over the month, hires and separations were little changed at 5.5 million and 5.2 million, respectively. Within separations, the quits rate was unchanged

Special Advisory: Ciboney Group Limited (CBNY)

April 16, 2018 Ciboney Group Limited (CBNY) has advised that their Board of Directors has been informed by FINSAC that it wishes to dispose of its interest in CBNY. CBNY states that FINSAC control approximately 72% of the Company’s shareholding through Trumpton Limited [41%], Crown Eagle Life Insurance Company Limited [25%] and Eagle Merchant Bank

AMG reports 12% increase in six months revenue

Date: April 16, 2018 AMG Packaging Paper Company Limited (AMG), for the six months ended February 28, 2018 recorded Turnover in the amount of $343.93 million, a growth of 12% when compared to $306.31 million the previous year period. For the second quarter revenues climbed from $153.40 million to $162.54 million, a 6% increase. Cost of

Featured Stock: SVL

April 16, 2018 Please click below to view today’s featured stock. Weekly Picks 16.04.18 SVL 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

Daily Market Summary April 13, 2018

Daily Market Summary 13.04.18 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

PTL books nine months net profit of $66.48 million

April 13, 2018 Paramount Trading (Jamaica) Limited (PTL), for the nine months ended February 28, 2018 recorded a 24% increase in total revenues to $1.04 billion from $835.75 million reported in 2017.  For the third quart  PTL increased it revenue by 17% to $348.08 million(2018) from $296.62 million (2017). Direct expenses closed the period at

ELITE reports 24% increase in six months revenue

Date: April 13, 2018 Elite Diagnostic Limited, for the six months ended December 31, 2017 booked a 24% increase in revenue to total $141.67 million compared to $114.12 million for the same period in 2016. Revenue for the second quarter rose by 26% to $71.85 million (2016: 57.24 million). The company stated that, “these increases

KEX reports 7% increase in nine months net profits

Date: April 12, 2018 Knutsford Express Services Limited (KEX), for the nine months ended February 28, 2018  reported total revenue of $677.13 million, a 23% or $124.46 million increase when compared with the $552.67 million reported for the same period in 2017. For the third quarter, revenues amounted to $231.71 million, a 14% increase relative to

Daily Market Summary April 12, 2018

Daily Market Summary 12.04.18 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 – April 12, 2018

Brent Oil Brent oil prices increased by 5.02 % or US$3.43, as prices rose this week. Oil traded on April 12, 2018 at a price of $71.76 per barrel relative to US$68.33 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.31% (JMD$0.38).

Daily Market Summary April 11, 2018

Daily Market Summary 11.04.18 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

U.S.: Real Earnings Summary

April 11, 2018 All employees The U.S. Bureau of Labor Statistics reported today that real average hourly earnings for all employees increased 0.4 percent from February to March. This result stems from a 0.3 percent increase in average hourly earnings combined with a 0.1 percent decrease in the Consumer Price Index for All Urban Consumers

Daily Market Summary April 10, 2018

Daily Market Summary 10.04.18 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

EU28 recorded current account surplus of €63.5 billion

April 10, 2018 The EU28 recorded a current account surplus of €63.5 billion (1.6% of GDP) in the fourth quarter of 2017, down from a surplus of €67.4 billion (1.8% of GDP) in the third quarter of 2017 and from a surplus of €64.4 billion (1.7% of GDP) in the fourth quarter of 2016, according

Daily Market Summary April 9, 2018

Daily Market Summary 09.04.18 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

Jamaica’s GDP inched up 1.1% fourth quarter 2017

March 9, 2018 Gross Domestic Product (GDP) for the Jamaican economy grew by 1.1 per cent in the fourth quarter of 2017 when compared to the fourth quarter of 2016. According to The Statistical Institute of Jamaica, STATIN, the quarterly improvement in GDP was due mainly to “a 1.2 per cent growth in the Goods

Featured Stock: DTL

April 9, 2018 Please click below to view today’s featured stock. Weekly Picks 09.04.18 DTL 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

Daily Market Summary April 6, 2018

Daily Market Summary 06.04.18 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

U.S.: Employment Situation

April 6, 2018 Unemployment rate remains flat at 4.1percent even as total nonfarm payroll employment edged up by 103,000 in March. Sectors that experience a marginal uptick in employment for the month of March were manufacturing, health care, and mining. “Among the major worker groups, the unemployment rates for adult men (3.7 percent), adult women

Gas Price Movement – April 5, 2018

Brent Oil Brent oil prices decreased by 2.76% or US$1.94, as prices fell this week. Oil traded on April 5, 2018 at a price of $68.33 per barrel relative to US$70.27 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.22% (JMD$0.27). Additionally

Special Advisory: Victoria Mutual Investments Limited (VMIL) Raises J$1B

April 5, 2018 Victoria Mutual Investments Limited (VMIL) has advised that VMIL recently raised J$1B by way of an exempt distribution arranged by Victoria Mutual Wealth Management Limited and that the terms of the bond include a fixed rate of .75% for two years, variable thereafter with a total tenure of five (5) years. The offer

Daily Market Summary April 5, 2018

Daily Market Summary 05.04.18 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

Volume of retail trade up by 0.1% in euro area

April 5, 2018 According to a recent release by Eurostat, the statistical office of the European Union, the volume of retail trade increased by 0.1% in the euro area (EA19) and by 0.2% in the EU28  for the month of February 2018, after falling by 0.3% in the euro area (EA19) for the previous month.

Daily Market Summary April 4, 2018

Daily Market Summary 04.04.18 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

Euro area unemployment down

April 4, 2018 Unemployment Unemployment rate for both euro area (EA19) and EU 28 nudged down marginally from January to February of this year, according to data published by Eurostat, the statistical institute of the Europe Union.  This is the lowest rate recorded in both areas since December 2008. The euro area (EA19)  unemployment rate

Daily Market Summary April 3, 2018

Daily Market Summary 03.04.18 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

KLE reports 10% increase in year end revenues

Date: April 3, 2018 K.L.E Group Limited (KLE) ,for the year ended December 31, 2017 recorded a total revenue of $215.43 million (2016: $195.94 million), representing a 10% increase in revenues. Cost of sales for the year increased by 11% to $69.61 million compared to the $62.70 million reported in 2016; as a result, Gross profit

Purity recorded net loss of $40.10 million for financial year 2017

April 3, 2018 Consolidated Bakeries (Jamaica) Limited (PURITY) for the year ended December 31, 2017 recorded a 2.01% decline in revenue to $862.61 million from $880.27 million reported for the corresponding period in 2016. For the fourth quarter, the Company recorded revenue of $219.54 million (2016: $199.64 million), representing a 10% improvement year over year.

Featured Stock: CFF

April 3, 2018 Please click below to view today’s featured stock. Weekly Picks 03.04.18 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 March 29, 2018

Daily Market Summary 29.03.18 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

Daily Market Summary March 28, 2018

Daily Market Summary 28.03.18 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

U.S.: Gross Domestic Product: Fourth Quarter and Annual 2017

March 28, 2018 Estimates released by the Bureau of Economic Analysis, show  an increase in real gross domestic product (GDP) at an annual rate of 2.9 percent in the fourth quarter of 2017, a marginal decrease from the 3.2 percent recorded in the third quarter. The slowdown in real GDP growth rate in the fourth

Daily Market Summary March 27, 2018

Daily Market Summary 27.03.18 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

One third of EU trade is with the United States and China

March 27, 2018 Based on data from Eurostat, the statistical office of the European Union, the United States and China are the two main trading partners of the European Union (EU). “ In 2017, the United States (€631 billion, or 16.9% of total EU trade in goods) and China (€573 bn, or 15.3%) continued to

Daily Market Summary March 26, 2018

Daily Market Summary 26.03.18 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

C2W recorded losses of US$303,645 for the year end

March 26, 2018 C2W recorded revenue for the financial year ended December 31, 2017 of US$11,775 relative to US$66,749 in 2016. Of total revenue, fees and royalties amounted to US$7,153 relative to US$40,569 in 2016. Other income for the year closed at US$4,622 compared to US$26,180. For the quarter, the company recorded revenue of US$6,188

Featured Stock: GENAC

March 26, 2018  Please click below to view today’s featured stock.  Weekly Picks 26.03.18  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

Board Appointments: Jamaica Stock Exchange (JSE)

March 23, 2018 Jamaica Stock Exchange (JSE) has advised that at a meeting of the Board of Directors held on March 21, 2018, Mr. Christopher Zacca has been appointed to the Board of the Company to fill a casual vacancy.      

Daily Market Summary March 23, 2018

Daily Market Summary 23.03.18 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

U.S.: State Employment and Unemployment Summary

March 23, 2018 Unemployment rates were lower in February for 7 states and stable in the remaining 43 states and the District of Columbia, based on data released by the U.S. Bureau of Labor Statistics. Fifteen states had jobless rate decreases from a year earlier, while 35 states along with the District had little or

Dividend Declaration: Jamaica Stock Exchange (JSE)

March 22, 2018 Jamaica Stock Exchange (JSE) has advised that at a meeting of the Board of Directors of the JSE held on March 21, 2018, the Directors declared a dividend of $0.1355 per ordinary share payable to shareholders on record at April 6, 2018 to be paid on April 20, 2018. The ex-dividend date

Daily Market Summary March 22, 2018

Daily Market Summary 22.03.18 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 – March 22, 2018

Brent Oil Brent oil prices increased by 6.02% or US$3.92, as prices rose this week. Oil traded on March 22, 2018 at a price of $69.04 per barrel relative to US$65.12 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increase week over week, by 2.40% (JMD$2.89). Additionally

Seprod acquires Facey’s Consumer Business

March 22, 2018 Click link below for information on Seprod's acquisition of Facey's Consumer Business. Seprod-Limited-Acquisition-of-Facey’s-Consumer-Business Mar 22, 2018 Company Disclosure -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

U.S.: EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – DECEMBER 2017

March 22, 2018 U.S. Bureau of Labor Statistics reported on March 20,2018 that employer costs for employee compensation averaged $35.87 per hour worked in December 2017. Wages and salaries averaged $24.49 per hour while benefit costs averaged $11.38.The average compensation for state and local government is higher than that of private industry. Total employer compensation

CWC CALA update on offer to purchase shares in CWJ

March 22, 2018 Click link below for update on CWC CALA Holding Limited offer to purchase CWJ shares. CWJ-Update-on-Offer-to-Purchase-Shares- Mar 22, 2018 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

Fed raises target rates by 25 bps

March 21, 2018 Based on data collected by The Federal Reserve since the Federal Open Market Committee met in January indicates that the US economy has shown improvement with activity on the rise. Labor market continued to strengthen while economic activity has risen at a moderate rate. Unemployment rate stayed low in recent months. Data

Daily Market Summary March 21, 2018

  Daily Market Summary 21.03.18 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

CAC reports first quarter net loss of $2.23 million

March 21, 2018 CAC 2000 Limited revenues for the first quarter decreased by 21% to $239.51 million compared to $301.88 million recorded for the same period for the prior financial year. Management noted, “the portfolio of open jobs on hand and quotation activity was down (colder weather and persistent rain diminishing the demand for personal

Daily Market Summary March 20, 2018

Daily Market Summary 20.03.18 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

Carib Cement Signs MOU to Buy Major Assets and End Operating Lease

March 20, 2018 Please click link below to view press release from Caribbean Cement Company Limited (CCC). CCCL MOU Signing March 19 2018   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

Daily Market Summary March 19, 2018

Daily Market Summary 19.03.18 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: Production in construction down by 2.2% in Euro area

March 19, 2018 Production in the construction sector decreased by 2.2% in the euro area (EA19) and by 2.1% in the EU28, in January 2018 compared with December 2017 according to Eurostat, the statistical office of the European Union. In December 2017, production in construction grew by 0.7% in the euro area and by 1.0%

Featured Stock: JBG

March 19, 2018 Please click below to view today’s featured stock. Weekly Picks 19.03.18 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 March 16, 2018

Daily Market Summary 16.03.18 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 – March 15, 2018

  Brent Oil Brent oil prices increased by 1.93% or US$1.23, as prices rose this week. Oil traded on March 15, 2018 at a price of $65.12 per barrel relative to US$63.89 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.22% (JMD$0.27).

USA Monthly Economic Review

Date: March 16, 2018 Please click below to view February 2018's USA Monthly Economic Review. USA Economic Review - February 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.

Mayberry Investments Limited (MIL) 2017 Audited Restults

March 16, 2018 Please click link below for the 2017 year-end results for Mayberry Group. Mayberry Investments Ltd. - Audited Financial Statements for the year ended December 31 2017   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

Results of offer to purchase shares in CWJ

March 16, 2018 Please click link below for press release from CWC CALA Holding Limited. PRESS-RELEASE-CABLE-WIRELESS-JAMAICA-LIMITED-UPDATED-TIMELINE   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

Daily Market Summary March 15, 2018

Daily Market Summary 15.03.18 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: Sagicor Bank Jamaica Limited (SBJ)

March 15, 2018 Sagicor Bank Jamaica Limited (SBJ) has advised of the following changes in the senior management team of the Company: Sabrina Cooper has been transferred from Vice President - Retail Banking to Vice President - Payments effective October 1, 2017. Michael Willacy has been transferred from Vice President - Corporate & Commercial Banking

U.S. Import and Export Price Indexes summary

March 15, 2018 U.S. import prices rose 0.4% in February, following an increase of 0.8% in January, according to the Bureau of Labour Statistics. Export prices rose at and even slower pace, inching up 0.2 percent in February, following a 0.8-percent advance the previous month.   Imports  February’s 0.4% increase in the import price index

Daily Market Summary March 14, 2018

Daily Market Summary 14.03.18 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

Daily Market Summary March 13, 2018

Daily Market Summary 13.03.18 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

CWJ – Request for Change of Period for Suspension of Trading in CWJ Shares.

March 13, 2018 Cable & Wireless Jamaica Limited (CWJ) has requested for change of period for suspension of trading in CWJ Shares. Please click on link below for a  copy of the Resolution of their Board of Directors to that effect. Cable-Wireless-Jamaica-Limited-CWJ-Request-for-Change-of-Period-for-Suspension-of-Trading-in-CWJ-Shares  

1834 increases nine months profit by 74%

March 13, 2018 Revenue for the period declined by 13% from $40.11 million for the comparable period in 2016 to $34.81 million year to date. Other operating income increased by 25% to $75.10 million (2016: $60.11 million). Consequently, total income for the period increased by 10% to $109.91 million relative to $100.22 million for the

Daily Market Summary March 12, 2018

Daily Market Summary 12.03.18 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

BOJ Press Release: Exchange Rate Adjustment for Cambio Cash Surrenders

Date: March 12, 2018 BOJ Adjusts Exchange Rate for Cambio Cash Surrenders Effective 01 May 2018, Bank of Jamaica will purchase cash surrenders from cambios at the mid‐day rate less a discount factor of 2.00 percent. This discount rate represents an increase from the previous discount of 0.25 percent. Handling cash is costly and has

U.S.: State Employment and Unemployment Summary

March 12, 2018 The U.S. Bureau of Labor Statistics in its latest report on March 12, 2018, revealed that the national unemployment rate was unchanged from December at 4.1 percent but was 0.7 percentage points lower than in January 2017. “Unemployment rates were lower in January in 6 states and the District of Columbia and

Featured Stock: CPJ

March 12, 2018 Please click below to view today’s featured stock. Weekly Picks 12.03.18 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

ECB holds interest rate steady

March 9, 2018 Mario Draghi, President of the European Central Bank (ECB) reported on the progress of the Euro area economy at a press conference held March 8, 2018. ECB has decided to keep the key interest rates unchanged and has vowed to continue its asset purchasing program up to September 2018, or beyond, if

Daily Market Summary March 9, 2018

Daily Market Summary 9.03.18 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

GK moving towards greater efficiency

March 9, 2018 Grace Kennedy reported on its year end result via a live video stream March 8, 2018. Group Chief Executive Officer (CEO) Donald Wehby started off by outlining a myriad of challenges the company faced for the 2017 period, before moving on to unveil future plans for the Group in 2018 and beyond.

Special Advisory: Supreme Ventures Limited (SVL)

March 8, 2018 Supreme Ventures Limited (SVL) has advised that it has signed an agreement with the Guyana Gaming Authority (GGA), which opens up the potential for operations in Guyana. SVL further advised that the agreement is subject to a confidentiality clause, and in this regard as soon as SVL is able to and is

Gas Price Movement – March 8, 2018

Brent Oil Brent oil prices fell by 0.13% or US$0.08, as prices decreased this week. Oil traded on March 8, 2018 at a price of $63.89 per barrel relative to US$63.97 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices decrease week over week, by 0.52% (JMD$0.63). Additionally

Daily Market Summary March 8, 2018

Daily Market Summary 8.03.18 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

X Fund net profit up 62% for year end December 2017

March 8, 2018 Total Revenue for the year ended December 31, 2018 grew 29% to $13.11 billion (2016: $10.25 billion). For the fourth quarter ended December 31, 2017, the company’s total revenue however increased 56% to close at 3.04 billion (2016: $1.95 billion) Hotel revenue for the 2017 year end  increased to $10.27 billion relative

SJ reports 7% increase in year end Net Profits

  Date: March 8, 2018 Sagicor Group Jamaica Limited (SJ), for the twelve months ended December 31, 2017, reported total revenues increased by 18% to $70.44 billion from $59.70 billion in 2016.Total revenue was broken down as follows; Net premium revenue increased by 22% to a total of $41 billion compared to $33.49 billion last

Special Advisory: Supreme Ventures Limited (SVL)

March 7, 2018 Supreme Ventures Limited (SVL) has advised that it signed an agreement with Guyana Gaming Authority (GGA), which opens up the potential for operations in Guyana. The agreement is subject to a confidentiality clause, and in this regard as soon as SVL is able to and is permitted, full disclosure will immediately be

Daily Market Summary March 7, 2018

Daily Market Summary 7.03.18 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

B‐FXITT now ready to conduct Buy or Sell operations

March 7, 2018 Please click link below for further details. BOJ Press Release - BFXITT Buy Side - 07 March 2018 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

Daily Market Summary March 6, 2018

Daily Market Summary 6.03.18 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: Lasco Financial Services Limited (LASF)

March 6, 2018 Lasco Financial Services Limited (LASF) has advised that a connected party purchased 100,000 LASF shares and that a connected party sold 111,958 LASF shares. These transactions were conducted on March 1, 2018.  

DTL gets green light to issue additional shares

March 6, 2018 Derrimon Trading Company Limited (DTL) held its Extraordinary General Meeting with shareholders earlier today, March 6, 2018. The main purpose of the meeting was to put the following three matters to poll: An Ordinary Resolution to increase the Authorised Share Capital of the Company to create an additional 400,000,000 share. An Ordinary

EU: Volume of retail trade down by 0.1% in both euro area and EU28

March 6, 2018 The volume of retail trade decreased by 0.1% in both the euro area (EA19) and in the (EU28) in January 2018 versus December 2017, according to a recent  estimates from Eurostat, the statistical office of the European Union. Retail trade volume in December 2017 slid by 1% and 0.39% in the euro

Daily Market Summary March 5, 2018

Daily Market Summary 5.03.18 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

GraceKennedy Ltd (GK) surpasses $90 Billion in revenue

March 5, 2018 Please click link below for further detail Press-Release-GraceKennedy-Ltd-Surpasses-90-Billion-in-Revenue-at-the-end-of-its-95th-Anniversary-Year 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

Featured Stock: DTL

March 5, 2018 Please click below to view today’s featured stock. Weekly Picks 05.03.18 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

DTL reports year end profit attributable to shareholders of $252.37 million

March 2, 2018 Derrimon Trading Limited (DTL) reported trading income of $6.72 billion for the year ended December 31, 2017. For the quarter, trading income amounted to $396.58 million. Cost of Sales for the year amounted to $5.39 billion, resulting in a gross profit of $1.34 billion for the 2017 financial year. Gross profit for

Daily Market Summary March 2, 2018

Daily Market Summary 2.03.18 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

JP netted $1.62 billion for year ended Dec 2017

March 2, 2018 For year ended December 31, 2017, Jamaica Producers Group Limited (JP) experienced a 34% increase in revenue to total $16.16 billion compared to the $12.08 billion reported in 2016. The company posted fourth quarter revenue of $4.77 billion a 23% increase (2016: $3.88 billion). The  Food & Drink Division had a $735.41

DCOVE reports 23% increase in Net Profits

Date: March 2, 2018   DCOVE Limited, for the twelve months ended December 31, 2017, reported total Revenue of US$16.63 million, a 9% increase when compared to US$15.26 million booked the year prior. Revenue from Dolphin Attraction contributed US$9.14 million to Total Revenue; this represents a 4% increase when compared to the US$8.81 million reported

Jetcon reports 55% increase in Net profits

Date: March 2, 2018   Jetcon Corporation Limited (JETCON), for the twelve months ended December 31, 2017, reported Turnover for the twelve months grew by 37% to $1.18 billion (2016: $857.04 million). Cost of Sales also increased by 36% to $954.89 million (2016: $703.86 million) and as a result Gross Profit increased by 45% to

CWJ reports 9% increase in Revenue

  Date: March 2, 2018 For the twelve months ended December 31, 2017, Cable & Wireless Jamaica Limited (CWJ) reported revenue for the period was booked at $27.17 billion, a 9% increase relative to the $25.04 billion last year. CWJ noted that this increase was “primarily driven by the Mobile revenue growth of 18% (on

SOS books 78% increase in year end net profit

March 01, 2018 SOS reported year end revenue of $906.51 million relative to 702.07 million in 2016, a 29% increase, while for the fourth quarter revenues amounted to $241.63 million (2016: $178.35 million). The company’s cost of sales totaled $483.49 million up 33% relative to the $363.40 million reported in 2016. As a result gross

FOSRICH reports 81% increase in Net Profits

Date: March 1, 2018 FosRich Company Limited (FOSRICH) for the twelve months ended December 31, 2017 booked a 9% decrease in revenue to total $1.05 billion compared to $1.16 billion for the same period in 2016. Cost of sales for the year showed a reduction of 17%, moving from $686.66 million to $573.01 million. Despite

Daily Market Summary March 1, 2018

Daily Market Summary 1.03.18 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

GK reports 5% increase in year end net profit

Grace Kennedy Limited (GK), for the year ended December 31, 2017, recorded revenue of $92.48 billion for  2017 (2016: $88.27 billion), a year over year increase of 5%. For the quarter, the company increased revenue by 7% to total $23.18 billion (2016: $21.62 billion). The biggest contributor to the group’s overall revenue for the year

KPREIT reports 39% decline in year end profit

March 01, 2018 Kingston Properties Limited reported Rental Income of $196.32 million, 50.49% more than the $130.46 million reported for 2016. Property management fee of $7.96 million was reported for 2017 relative to none reported in 2016. There was no Other Income reported in 2017 and according to the company. This resulted in a 56.59%

Gas Price Movement – March 1, 2018

Gas Price Movement March 1, 2018 Brent Oil Brent oil prices fell by 4.53% or US$3.01, as prices decreased this week. Oil traded on March 1, 2018 at a price of $63.38 per barrel relative to US$66.39 last week. Brent oil began the year at US$68.07 per barrel. Petrojam prices 87 Octane prices increase week

Sagicor combines Hotel Operations with Playa Hotels and Resorts in major multi-national deal

March 01, 2018 Please click link below to view advisory from Sagicor Real Estate X Fund Ltd (XFUND) and Sagicor Group Jamaica Limited (SJ). News-Release-Sagicor-Combines-Hotel-Operations-with-Playa-Hotels-and-Resorts 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

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

February 2018 Sagicor Real Estate X Fund Limited (XFUND) has advised that the Company and Sagicor Group Jamaica Limited have entered into an agreement with NASDAQ listed hotel owners and operators, Playa Hotels & Resorts N.V., to combine tourism assets. The Sagicor Entities will contribute their portfolio of all-inclusive resorts and developable land sites in

Daily Market Summary February 28, 2018

February 28,2018 Daily Market Summary 28.2.18 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.

Honey Bun (1982) Limited to complete expansion of warehouse

February 28, 2018 Honey Bun (1982) Limited’s Annual General Meeting was held today, the 28th of February 2018. The meeting started off with a tribute to the late great Sushil Jain who passed away in the latter part of 2017. After paying his respect, Chairman Herbert Chong reiterated some of the financial highlights of the

BPOW reports a 10% increase in nine months revenue

Blue Power Group Limited (BPOW) for the nine months ended January 31, 2018, booked a 10% increase in revenue to total $1.15 billion compared to $1.05 billion for the same period in 2017. Revenue for the Lumber Depot increased 13% to $808.72 million, while revenue for the soap division increased 2.2% to $340.78 million. Revenue

JSE reports 1% decline in year end net profit

Jamaica Stock Exchange Limited (JSE), for the year ended December 31, 2017, recorded total revenue of $991.15 million, a 14% increase when compared to the $865.78 million booked the prior year. Total revenue for the quarter amounted to $295.68 million (2016: $171.59 million). Of this: Cess income declined by 13% to $285.78 million relative to

Daily Market Summary February 27, 2018

February 27, 2018 Daily Market Summary 27.2.18 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

Dividend Declaration: Supreme Ventures Limited (SVL)

February 26, 2018 Supreme Ventures Limited (SVL) has declared a dividend of twelve (12) cents per share and a special dividend of eight (8) cents per share payable on March 23, 2018 to shareholders on record as at March 9, 2018. The ex-dividend date is March 8, 2018.      

Daily Market Summary February 26, 2018

Daily Market Summary 26.2.18 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: Almost half the unemployed at risk of monetary poverty

February 26, 2018 The most recent post by the Euro-stat, the statistical institute of the Eurozone, revealed that  nearly half (48.7%) of unemployed persons aged 16-64 in the European Union (EU) were at risk of poverty after social transfers in 2016. Persons at risk of poverty are those living in a household with an equivalised

Featured Stock: SVL

February 26, 2018 Please click below to view today’s featured stock.  Weekly Picks 26.02.18 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 February 23, 2018

Daily Market Summary 23.2.18 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: 1834 Investments Limited (1834)

February 23, 2018 1834 Investments Limited (1834) has advised of a delay in the submission of its unaudited financial statements for the third quarter ended December 31, 2017. This delay is due to the engagement of a new accounting firm for the preparation of the Company’s financial statements. As a result, additional time was required