Bourse Report| 14.8.2023| Republic, ‘First Citizens’ Post Solid Results
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of two key members of the local Banking Sector, Republic Financial Holdings Limited (RFHL) and First Citizens Group Financial Holdings Limited (FCGFH) for their nine-month periods (9M2023) ended June 30th, 2023. Both RFHL and FCGFH reported positive earnings growth, reflecting generally improving conditions. Can both banks’ […]
Bourse Report| 07.8.2023| AHL Improves, WCO Dips
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of Angostura Holdings Limited (AHL) and The West Indian Tobacco Company Limited (WCO) for the six-month period ended 30th June 2023. AHL would have benefitted from increased revenue from both local and international markets, while WCO – despite a better quarterly performance – would have been […]
Bourse Report| 31.07.2023| Prestige Advance, NIF Review
This week, Sarodh Ramkhelawan reviews the financial performance of Prestige Holdings Limited (PHL) for the six-month ended May 31st, 2023. PHL benefited from higher profit margins and successful geographical expansion. We also provide an update on the upcoming maturity of the NIF bond.
Bourse Report|24.07.2023| Could Cooling Inflation Buoy Bond Markets?
This week, at Bourse, Sarodh Ramkhelawan considers the implications for bond markets and investors with inflation trending lower. As inflation begins to cool on both the international and local stages, could new opportunities arise?
Bourse Report| 17.07.2023| JMMBGL Declines, Sagicor Climbs
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of JMMB Group Limited (JMMBGL) and Sagicor Financial Corporation (SFC), for their twelve-month and three-month reporting periods respectively, ended March 31st, 2023. JMMBGL reported lower-than-expected earnings due to dampened financial markets, whereas SFC benefitted from improved results. In an ever-changing operational environment, how will both companies […]
Bourse Report| 10.07.2023| Are Banking Sector Stocks Good Value?
This week, at Bourse, Sarodh Ramkhlewan reviews the Banking Sector of the Trinidad & Tobago Stock Exchange (TTSE), the largest sector by value or market capitalization, accounting for over half of the TTSE’s total market value. Despite weaker regional investor sentiment reflected in lower stock prices, banking sector earnings have been broadly improving over the […]
Bourse Report| 3.7.2023| Local Equities Tumble, U.S Upbeat
This week, we at Bourse recap the performance of local and international stock markets as at the end of the 2nd quarter of 2023 (HY2023). Local equity markets continued their decline, reflecting weaker regional investor sentiment. In contrast, global markets rebounded, buoyed by investor optimism on the near-conclusion of the Fed’s rate hikes, cooling inflation […]
Bourse Report | 26.06.23 | ‘Grace’ Earnings Grow, NEL Lower
Bourse Report|12.06.2023| FirstCaribbean Improves, Scotia Slips
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of Scotiabank Trinidad & Tobago (SBTT) and FirstCaribbean International Bank Limited (FCI) for their fiscal six-months (HY2023) period ended April 30, 2023. SBTT’s profitability was adversely impacted by higher expenses, while FCI benefited from increased revenue supported by improved economic activity. Could FCI continue to grow […]
Bourse Report|05.06.2023| AGL Advances, WCO Dips
This week, we at Bourse review the performance of Agostini’s Limited (AGL) for its six months ended March 31st, 2023 (HY2023) and West Indian Tobacco Company Limited (WCO) for the three months ended March 31st, 2023 (Q12023). AGL reported improved earnings owing to increased margins and ongoing acquisition activity. Meanwhile, WCO continue to grapple with […]
