Bourse Report| 29.05.2023| NCBFG, GHL Decline
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of NCB Financial Group Limited (NCBFG) for the six months ended March 31st, 2023 (HY2023) and Guardian Holdings Limited (GHL) for the three months ended March 31st 2023 (Q12023). Both Groups grappled with reduced earnings and operating income, mainly impacted by events in the Life, Health […]
Bourse Report| 22.05.2023| MASSY, AMCL Advance
This week we at Bourse review the performance of two Conglomerate sector giants of the Trinidad & Tobago Stock Exchange (TTSE), Massy Holdings Limited (MASSY) for the half-year period ended March 31st, 2023 and Ansa McAL Limited (AMCL) for its first quarter ended March 31st, 2023. MASSY and AMCL both reported improved earnings owing to […]
Bourse Report| 15.05.2023| Republic Earnings Improve, Angostura Declines
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of Republic Financial Holdings Limited (RFHL) for its six months ended 31st March 2023 and Angostura Holdings Limited (AHL) for its first quarter ended 31st March 2023. RFHL would have generated higher operating profits partially offset by higher credit loss expenses, while AHL profitability dipped on […]
Bourse Report| 1.5.2023| First Citizens Improve, Unilever Dips
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of First Citizens Group Financial Holdings Limited (FCGFH) for its six months (HY2023) ended 31st March, 2023 and Unilever Caribbean Limited (UCL) for its financial year ended December 31st, 2022. FCGFH benefitted from increased operating income supported by a writeback of Credit Impairment Losses, while UCL’s […]
Bourse Report | 24.04.2023 | Are Fixed Income Opportunities Currently Attractive?
This week, at Bourse, Sarodh Ramkhelawan provides an update on local and international bond markets year-to-date, asking the question: ‘Is Fixed Income Currently Attractive?’ With varying factors driving both TT-dollar and US-dollar fixed income markets, are conditions favourable for investors focused on this asset class? What are the investment opportunities available?
Bourse Report| 17.04.2023| PHL Advance, AHL Dips
This week, at Bourse, Sarodh Ramkhelawan reviews the financial performance of Prestige Holdings Limited (PHL) for its first quarter ended 28th February 2023 and Angostura Holdings Limited (AHL) for its financial year ended 31st December 2022. PHL’s performance benefitted from higher revenues with an uptick in economic activity, while AHL’s profitability was affected by higher […]
Bourse Report|03.4.2023| Equity Markets Mixed in Q12023
This week, Sardoh Ramkhelawan recaps the performance of local and international stock markets as at the end of the 1st quarter of 2023 (Q12023). Despite a cautiously optimistic outlook at the start of 2023, equity markets continued to face considerable uncertainty, fueled by persistent inflation, geopolitical tensions, recessionary concerns, financial system instability and a cloudy […]
Bourse Report|27.3.2023| PHL Earnings Solid, WCO Revenues Fall
This week, at Bourse, Sarodh Ramkhelawan reviews the financial performance of Prestige Holdings Limited for its financial year ended November 30th, 2022 and West Indian Tobacco Company Limited (WCO) for the year ended December 31st, 2022. While PHL benefitted from higher revenues as business operations normalized, WCO reported a decline in profitability impacted by company-specific […]
Bourse Report| 20.03.2023| FirstCaribbean, Scotia Earnings Advance
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of two Canadian-owned, locally-listed banks, FirstCaribbean International Bank Limited (FCI) and Scotiabank Trinidad and Tobago Limited (SBTT) for their first fiscal quarter ended January 31st, 2023. Both banks would have reported improved earnings, benefitting from increased revenues. Could both entities continue this momentum, despite the still […]
Bourse Report| 06.03.2023| NEL Earnings Up, JMMB Declines
This week, at Bourse Sarodh Ramkhelawan, reviews the performance of Non-Banking Finance sector stocks JMMB Group Limited (JMMBGL) and National Enterprises Limited (NEL), for their nine-month and three-month reporting periods respectively, ended December 31st 2022. JMMBGL reported weaker performance on account of financial market volatility, while NEL benefitted from robust energy markets. How will both […]
