Bourse Report| 8.04.2024| Local Equities Lower, Global Markets Upbeat
This week, we review the performance of local and international stock markets for the first quarter of 2024 (Q12024). Locally, generally improving earnings were not enough to enough to improve investor confidence. Meanwhile, international equities were broadly higher fuelled by strong corporate earnings and continued hopes of US interest rate cuts. Will markets maintain momentum […]
Bourse Report|4.3.2024| PHL Improves, AGL Dips
This week, at Bourse, Sarodh Ramkhelawan reviews the financial performance of Prestige Holdings Limited (PHL) for its fiscal year ended November 30th, 2023 (FY2023) and Agostini’s Limited (AGL) for its three months ended December 31st, 2023 (Q12024). PHL’s performance benefitted from increased revenue growth and higher profitability margins, while AGL’s profitability was impacted by the […]
Bourse Report| 19.02.2024| Republic, First Citizens Post Solid Results
This week, on the Bourse Report, 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 the three-month period (Q12024) ended December 31st, 2023. Both RFHL and FCGFH reported positive earnings growth, reflecting generally improving conditions. Can […]
Bourse Report| 5.02.2023| First Citizens Advances, NCBFG Slips
This week, on the Bourse Report, Sarodh Ramkhelawan reviews the performance of two key members of the local Banking Sector, First Citizens Group Financial Holdings Limited (FCGFH) and NCB Financial Group Limited (NCBFG) for their fiscal years’ ended September 30th, 2023 (FY2023), respectively. FCGFH reported positive earnings growth supported by increasing revenue. NCBFG, meanwhile, reported […]
Bourse Report| 29.1.2024| NIF2: A Good Opportunity?
This week, at Bourse, Sarodh Ramkhelawan provides some information and insights on the offer of the National Investment Fund Holding Company’s #NIF2 4.5% 2029 bond issue (the Offer). As highlighted in the prospectus, “this five-year investment mainly to individuals and small businesses similar to the Series A Bond of NIF1 seeks to fill the void […]
Bourse Report| 15.1.2024| Are stocks set for a better 2024?
With 2023 now in the rear-view mirror, this week we at Bourse consider the potential direction of local/regional (and international) equity markets in the year ahead. We discuss possible drivers of the investment environment in 2024 and provide an outlook on the various market sectors, given that some themes continue to persist in the markets. […]
Bourse Report| 8.1.2023| Equity Markets Results Mixed in 2023
We take this opportunity to wish you a very Happy New Year from the team at Bourse! This week, we review the performance of local and international stock markets for 2023. T&T and major regional markets were broadly lower in a year influenced by weaker investor sentiment. International equities, meanwhile, had a stellar 2023 after […]
Bourse Report| 18.12.2023 | FirstCaribbean Improves, Scotia Dips
This week on the Bourse Report, Sarodh Ramkhelawan reviews the performance of two locally-listed, Canadian banking giants, FirstCaribbean International Bank Limited (FCI) and Scotiabank Trinidad and Tobago Limited (SBTT) for their respective full year financial results for the period ending October 31st, 2023 (FY2023). FCI benefitted from solid revenue growth buoyed by higher interest rates […]
Bourse Report|11.12.2023| ANSA, Grace Earnings Advance
This week at Bourse, Sarodh Ramkhelawan reviews the performance of two stalwarts of the Conglomerate sector on the Trinidad & Tobago Stock Exchange (TTSE), Ansa McAL Limited (AMCL) and GraceKennedy Limited (GKC) for their respective nine-month periods ended September 30th, 2023. AMCL and GKC both benefitted from higher revenues, improved earnings and acquisition activity. As […]
Bourse Report| 4.12.2023| Massy Offering Investor Value?
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of Conglomerate sector giant Massy Holdings Limited (MASSY) for its financial year ended September 30th, 2023. Propelled by acquisition activity and continued expansion in both regional and international markets, MASSY reported improved results from continuing operations. Will MASSY continue to maintain momentum in its earnings growth?
