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 […]
Bourse Report| 19.12.2022| Republic, First Citizens Advance
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of local Banking Sector giants Republic Financial Holdings Limited (RFHL) and First Citizens Group Financial Holdings Limited (FCGFH) for their fiscal years ended September 30th, 2022. RFHL reported earnings growth driven by an improvement in Operating Income. FCGFH, meanwhile, reported lower Operating Income which was offset […]
Bourse Report|05.12.2022| TTNGL Earnings Improve, CIF Nears End
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of the sole member of the Energy Tier of the domestic exchange, Trinidad and Tobago NGL Limited (TTNGL) for the nine-month period ended September 30th 2022 (9M 2022). TTNGL reported improved earnings on account of the stabilization of energy markets and benefited from higher profitability driven […]
Bourse Report| 21.11.2022| AHL, NFM Record Decline
This week, at Bourse Sarodh Ramkhelawan reviews the financial performance of Angostura Holdings Limited (AHL) and National Flour Mills Limited (NFM) for the nine-month period ended 30th September, 2022. AHL’s profitability dipped on account of a higher taxation rate and an increase in expected credit loss provisions. NFM, meanwhile, experienced lower margins as the Group […]
Bourse Report|14.11.2022| GHL, NCBFG Earnings Advance
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of Guardian Holdings Limited (GHL) for the nine-month period (9M2022) ended September 30th, 2022 and NCB Financial Group Limited (NCBFG) for the financial year ended September 30th, 2022 (FY2022). Both Groups benefitted from increased Net Premium Income, but were adversely affected by heightened volatility in financial […]
Bourse Report| 07.11.2022| TCL Results Solid, WCO Revenues Slip
This week, we at Bourse review the financial performance of Trinidad Cement Limited (TCL) and West Indian Tobacco Company Limited (WCO) for the nine-month period ended September 30th, 2022 (9M2022). TCL benefitted from increased revenues and improved margins on account of higher cement sales, while WCO reported a decline in profitability impacted by company-specific headwinds. […]
Bourse Report|10.10.2022| Equity Markets Struggle in 2022
This week, at Bourse, Sarodh Ramkhelawan recaps the performance of local and international stock markets as at the end of the 3rd quarter of 2022 (9M 2022). Equity markets continue to face considerable uncertainty, as central banks around the world attempt to control persistent inflation at the risk of sparking recessionary conditions. Could investor sentiment […]
Bourse Report| 12.09.2022| TTNGL Outlook Improves
This week, at Bourse, Sarodh Ramkhelawan reviews the performance of the sole member of the Energy Tier of the domestic exchange, Trinidad and Tobago NGL Limited (TTNGL) for the half year ended June 30th, 2022. TTNGL reported significantly improved earnings on account of robust energy markets and increased profitability from its solitary investee company, Phoenix […]
Bourse Report| 29.08.2022| Massy Advances, AMCL Dips
This week at Bourse, Sarodh Ramkhelawan reviews the performance of two locally-based groups on the Conglomerate sector of the Trinidad & Tobago Stock Exchange (TTSE), Massy Holdings Limited (MASSY) for the nine-month period ended June 30th 2022 and Ansa McAL Limited (AMCL) for the half-year period ended June 30th 2022. MASSY reported improved earnings owing […]
