ELITE reports 73% decline in year-end net profit

September 29, 2023 Elite Diagnostic Limited (ELITE) for the year ended June 30, 2023 reported a 21% increase in Income totaling $755.33 million compared to $624.22 million in the corresponding period last year. Income for the fourth quarter had a 8% increase to close at $189.57 million compared to $175.69 million for the comparable quarter

ELITE reports 73% decline in year-end net profit2023-09-29T09:49:17-05:00

Overseas Headlines – September 29, 2023

September 29, 2023   United States: US Core PCE Prices Post Smallest Monthly Rise Since Late 2020 The Federal Reserve’s preferred measure of underlying inflation rose at the slowest monthly pace since late 2020, helping to lay the groundwork for policymakers to forgo an interest-rate hike at their next meeting. The core personal consumption expenditures price

Overseas Headlines – September 29, 20232023-09-29T09:20:05-05:00

Daily Market Summary – September 28, 2023

September 28, 2023 Mayberry Market Summary - 28.09.2023   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

Daily Market Summary – September 28, 20232023-09-28T15:50:10-05:00

Mayberry Jamaican Equities Limited (MJE) – Daily Net Asset Value (NAV) for September 27, 2023

September 28, 2023 Mayberry Jamaican Equities Limited (MJE) has advised that the daily Net Asset Value (NAV) for September 27, 2023, was J$14.37.  MJE’s last traded price on September 27, 2023 was $11.25. The below graph shows MJE’s Net Asset Value movement since 2020. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect

Mayberry Jamaican Equities Limited (MJE) – Daily Net Asset Value (NAV) for September 27, 20232023-09-28T15:23:08-05:00

Special Advisory: Salada Foods Jamaica Limited (SALF)

September 28, 2023   Salada Foods Jamaica Limited (SALF) has advised of the resignation of KPMG as auditor of the Company effective September 19, 2023, and the appointment of Crichton Mullings & Associates as the Company’s new auditor effective September 20, 2023, until the conclusion of the next Annual General Meeting of the shareholders. SALF

Special Advisory: Salada Foods Jamaica Limited (SALF)2023-09-28T15:20:13-05:00

Special Advisory: NCB Financial Group Limited (NCBFG)

September 28, 2023   NCB Financial Group Limited (NCBFG) has advised that Mr. Steven Gooden, Chief Executive Officer of NCB Capital Markets Limited, will be leaving the organization effective September 30, 2023. NCBFG has also advised that effective September 30, 2023, Mr. Septimus Blake’s term as Chief Executive Officer of National Commercial Bank Jamaica Limited

Special Advisory: NCB Financial Group Limited (NCBFG)2023-09-28T15:17:16-05:00

Germany’s inflation rate expected to rise by 0.3% for September 2023

September 28, 2023   According to the Federal Statistical Office (Destatis), Germany is expected to experience the lowest inflation level since the war in Ukraine began. The inflation rate in September 2023 is anticipated to be +4.5% relative to September 2022. Notably, the last time a lower inflation rate was registered was in February 2022,

Germany’s inflation rate expected to rise by 0.3% for September 20232023-09-28T13:32:49-05:00

Overseas Headlines – September 28, 2023

September 28, 2023   United States: Fed’s Goolsbee Says Traditional Economic View May Cause Overshoot Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers shouldn’t place too much weight on the traditional economic idea that steep job losses are needed to quell inflation, which he said could lead officials to raise interest rates too

Overseas Headlines – September 28, 20232023-09-28T08:57:59-05:00

1GS reports 236% jump in six months net profit

September 27, 2023 One Great Studio Company Limited (1GS) for the six months reported a 173% increase in Revenue totaling $235.45 million compared to $86.25 million in the corresponding period last year. Revenue for the second quarter had a 187% increase to close at $120.51 million compared to $42.02 million for the comparable quarter of

1GS reports 236% jump in six months net profit2023-09-27T15:31:38-05:00