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News : National Last Updated: Jan 3rd, 2019 - 06:17:24


JSE stocks pick 2019
By Marston Gordon
Jan 2, 2019, 12:18

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2018 Review
The main market index bettered that of 2018; the average price appreciated by 47.94% and 34.61% on the main and junior market respectively.

The outcome of our 2018 selection was:

Caribbean Cement 30.62%
Berger Paints 32.63%
JMMB Group 49.80%
Pulse Investments 66.11%
Salada Foods 211.11% (2nd place- main market)


2019 Picks
An unusual pattern has developed in the market since 2016 wherein stocks that yielded the best returns were among the best in the subsequent year, that pattern carried over into 2018 and from all indications will do the same for at least one in 2019; Pulse is still not fully priced and will remain on the list for the fifth consecutive year.


-AMG PACKAGING
the company has written off the investment related to the tissue conversion plant and is best positioned to embrace the change from plastic to paper packaging. The stock trades at a discount and the target price for 2019 is $3.00

-PURITY
gross margin has improved due to the inclusion of more sweet goods in mix of products. Its marketing strategy will increase market share in the long term (brand name). One of the few remaining company that trades below book; 2019 target priced is $3.40


- PULSE INVESTMENTS
model agency fee and rental income are quickly replacing advertising entitlements and in-kind sponsorship as a sources of revenue. The availability of 21 short term accommodation (rental) units at Trafalgar Road in Q3 2019 will add significant profit to the bottom line. Another company that trades below its book value; target price for 2019 is $7.50


-STERLING INVESTMENTS
2:3 renounceable rights at $$3.08 opens January 4th, and follows up on the 5 for 1 stock split on November 26, 2018. The company is well managed and is gaining market-wide acceptance. 2019 target price set at $5.00


-SEPROD
following the fire sale of shares in October 2018 by Facey Group the share price fell precipitously. It is expected to fully recover in 2019 with a target price at $60.00


Source: Jamaica Stock Exchange

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