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| 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|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 […]
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 […]
