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 […]
Bourse Report|27.2.2023| NCBFG Earnings Dip, AGL Advance
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of financial services giant NCB Financial Group Limited and trading stalwart, Agostini’s Limited (AGL) for their three months ended 31st December, 2022. NCBFG reported lower earnings as the Group grappled with lower net revenues from insurance activities. Meanwhile, AGL reported improved earnings owing to increased demand […]
Bourse Report | 13.02.2023| First Citizens Earnings Up
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of local Banking Sector giant First Citizens Group Financial Holdings Limited (FCGFH) for the three months ended 31st December, 2022 (Q12023), with the Group generating higher operating profits. We also provide a brief update on TTSE’s trading activity as at January 31st, 2023.
Bourse Report| 6.02.2023| Republic posts solid first quarter results
This week on the Bourse Report, Sarodh Ramkhelawan, reviews the performance of Republic Financial Holdings Limited (RFHL) for its first fiscal quarter ended 31st December, 2022. The Group would have generated higher operating profits, offset by higher credit loss expenses. We also provide a brief update on the termination of the CLICO Investment Fund (CIF) […]
Bourse Report|30.01.2023| Conglomerate Sector to Advance in 2023
This week, we at Bourse consider the outlook for the Conglomerate Sector of the Trinidad & Tobago Stock Exchange (TTSE), the second largest sector by market capitalization accounting for approximately 17.4% of the TTSE’s total market value. The Conglomerate sector market capitalization fell 16.7% in 2022, as accelerating price pressures and increasing uncertainty weighed on […]
