Overseas Headlines – March 17, 2021

United States: Fed’s Dot Plot May Back Up Powell’s Patience: Decision-Day Guide “While Federal Reserve Chair Jerome Powell has promised to maintain aggressive support of the U.S. economy, the central bank’s quarterly economic forecasts will show how many of his colleagues share his commitment. The Federal Open Market Committee is all but certain to hold

Overseas Headlines – March 17, 20212021-03-17T08:11:58-05:00

Daily Market Summary – March 16, 2021

Mayberry Market Summary- 16.3.2021   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

Daily Market Summary – March 16, 20212021-03-16T16:53:07-05:00

Trade in Shares: Supreme Ventures Limited (SVL)

March 16, 2021 Supreme Ventures Limited (SVL) has advised that pursuant to the Company’s long-term incentive scheme for Senior Management, a total of 732,105 SVL stock units were acquired by five Senior Managers during the period March 10 to 12, 2021. SVL has also advised that a connected party purchased 150,000 SVL shares on March 10,

Trade in Shares: Supreme Ventures Limited (SVL)2021-03-16T14:38:05-05:00

PJAM reports 58% decrease in year end net profit attributable to shareholders

March 16, 2021 PanJam Investment Limited (PJAM) for the year ended December 31, 2020, reported a 56% decline in total income to total $2.05 billion relative to $4.63 billion booked for the prior year’s corresponding period. For the quarter, total income increased 6% to $1.19 billion (2019: $1.12 billion).  Of total income: Other income increased by

PJAM reports 58% decrease in year end net profit attributable to shareholders2021-03-16T12:08:52-05:00

INDIES reports 20% increase in first quarter net profit

February 16, 2021 Indies Pharma Jamaica Limited reported revenue of $223.53 million, 15% higher than the $193.72 million booked in 2020. Cost of Sales increased 30% to close at $85.42 million (2020: $65.86 million). Gross profit increased by 8%, amounting to $138.11 million for the period relative to $127.86 million in 2020. Other operating income

INDIES reports 20% increase in first quarter net profit2021-03-16T11:43:27-05:00

MEEG reports first quarter net profit of $8.07 million

March 16, 2021 Main Events Entertainment Group, for the three months ended January 2021, reported revenues of $175.84 million, 71% lower than the $598.14 million booked in 2020. Management noted that, “our M-Style product together with our western operations contributed $21.909 or 12% of revenues this quarter, compared to $110.193 or 18% in the corresponding

MEEG reports first quarter net profit of $8.07 million2021-03-16T11:00:15-05:00

Monthly deflation rate of 0.1% for February 2021

March 16, 2021 Consumer Price Index – February 2021 According to the Statistical Institute of Jamaica (STATIN) the consumer price index for February 2021 was 107.1 resulting in deflation rate of 0.1%, when compared to the previous month’s deflation rate of 1.6%. STATIN noted that, “This movement was mainly as a result of the 1.3%

Monthly deflation rate of 0.1% for February 20212021-03-16T09:05:35-05:00

Overseas Headlines – March 16, 2021

United States: U.S. Retail Sales Declined in February as Weather Impeded Demand “U.S. retail sales declined in February, when inclement winter weather settled over large swaths of the country, representing a temporary setback in demand that’s poised to accelerate in coming months. The 3% decrease in total retail receipts followed an upwardly revised 7.6% surge

Overseas Headlines – March 16, 20212021-03-16T08:44:34-05:00

Daily Market Summary – March 15, 2021

Mayberry Market Summary- 15.3.2021   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

Daily Market Summary – March 15, 20212021-03-15T21:15:56-05:00