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News : National Last Updated: Jan 1st, 2017 - 11:09:53

JSE stocks pick 2017
By Marston Gordon
Jan 1, 2017, 10:51

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2016 Review
The Junior market was the place to be in 2016 average price appreciated by 44.82% compared to the main market appreciation of 27.60%.

The outcome of our 2016 selection was:
Caribbean Cement 82.87% (3rd place)
Caribbean Flavours 27.12%
1834 Investments ( 7.69)%
Pulse Investments 18.67%
Salada Foods ( 0.23)%

2017 Picks
The markets did not generate the level of returns we saw in 2015 but surprisingly some of the best performers in 2015 were top performers again in 2016.

the accumulated losses should be cleared in 2018 as the company take all possible hits to profit in the periods leading up to then. And although the stock price appreciation was among the top 5 in 2015 and 2016 it is still undervalued based on future earnings.

the company has reinvented itself and is positioned to benefit significantly from the growth in mobile subscription. The mobile top-up app “Flow Lend” is worth watching it could turn into a profitable business segment.

this company is worth watching, its third quarter result was very impressive and we need to see if there is a follow through. It currently trades below its net book value at $3.05

for the second consecutive year it has declared a dividend and continue to improve on its reporting obligation. It still trades below its net book value of $7.11

gross margin has improved considerably over the prior year and should normalize around the 35% level in 2017. The stock price has underperformed the market for the last two years and could see a recovery this year.

Source: Jamaica Stock Exchange

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