Bourse Report| 20.11.2023| AHL Earnings Grow, UCL Lower
This week, on the Bourse Report, Sarodh Ramkhelawan reviews the performance of Angostura Holdings Limited (AHL) and Unilever Caribbean Limited (UCL) for their respective nine-month periods ended 30th September 2023. AHL generated higher earnings despite modestly increasing revenue, while UCL sharply increased earnings despite revenue contraction. Will AHL continue to grow earnings? Can UCL return […]
Bourse Report| 06.11.23| TCL Improves, WCO Slips
This week on the Bourse Report, Sarodh Ramkhelawan reviews the financial performance of Trinidad Cement Limited (TCL) and West Indian Tobacco Company Limited (WCO) for the nine-month period ended September 30th, 2023 (9M2023). TCL benefited from improved revenues reflecting higher cement sales across the group, while WCO’s performance was constrained by reduced revenues and lower margins. […]
Bourse Report| 30.10.2023| Preparing For Retirement – The Investor Approach
This week, we at Bourse seek to shed light on a question that is sometimes considered much later than it should be: ‘Am I financially prepared for retirement?’ The recently read national budget provided guidance on a coming increase in the retirement age from 60 to 65. Regardless of when you retire, ensuring you have […]
Bourse Report| 23.10.2023| Prestige, Agostini Earnings Solid
This week on the Bourse Report, Sarodh Ramkhelawan reviews the financial performance of the two stalwarts of the Trading sector on the TTSE, Prestige Holdings Limited (PHL) and Agostini Holdings Limited (AGL) for their nine months ended August 31, 2023 and June 30, 2023 respectively (9M2023). Both PHL and AGL reported strong earnings growth and […]
Bourse Report| 16.10.2023| Equity Markets Mixed in 9M2023
This week, Sarodh Ramkhelawan recaps the performance of local and international stock markets for the nine months ended September 30, 2023 (9M2023). T&T’s equity markets have continued to confront weaker investor sentiment, resulting in lower equity prices. On the contrary, U.S. equities have broadly advanced despite lingering inflation and the increasing prospect of ‘higher for […]
Bourse Report| 9.10.2023| Budget FY2024: An Investor Perspective
This week at Bourse, Sarodh Ramkhelawan reviews the recently delivered national Budget for FY2024, taking an investor’s perspective. While not necessarily providing the fireworks many had anticipated, the Honorable Minister of Finance’s proposed fiscal measures and forecast figures could have a significant influence on investor sentiment. What are the implications for investors? Are there any […]
Bourse Report|2.10.2023| Budget Day: A Primer
As investors and wider community eagerly await the Honourable Minister of Finance’s (MoF) delivery of T&T’s FY2023/2024 National Budget Statement today, we at Bourse consider some of the key items of the budget equation. Revenue, spending, the fiscal balance, growth, indebtedness and other factors will all be in focus as the MoF outlines the fiscal […]
Bourse Report| 18.09.2023| FirstCaribbean Earnings Up, Scotia Slips
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of two locally listed banks, FirstCaribbean International Bank Limited (FCI) and Scotiabank Trinidad and Tobago Limited (SBTT) for their respective nine-month reporting periods ending July 31st, 2023 (9M 2023). SBTT’s increased revenue was offset by lower non-interest Income and higher Non-Interest Expenses. FCI, meanwhile, posted solid […]
Bourse Report| 04.09.2023| AMCL, AMBL Earnings Advance
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of Ansa McAL Limited (AMCL) and Ansa Merchant Bank Limited (AMBL) for the six-month period ended June 30, 2023. Both AMCL and AMBL reported increased revenue growth and improved operating margins. With both entities experiencing improved results, will this upward trend in revenue persist?
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’ […]
