LATEST RESEARCH ARTICLES
Trinidad Update – June 10, 2013
The central bank of Trinidad and Tobago (CBTT) decided at its May 2013
monetary policy meeting, to hold it key monetary policy rate at 2.75 per cent for the ninth consecutive month. Since January 2009, the central bank has reduced interest rates by a total of 600 basis points in a bid to jump start growth in the Trinidad and Tobago (TT) economy.
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Desnoes & Geddes – Analysis & Recommendation – June 10, 2013
Desnoes and Geddes Limited is incorporated and domiciled in Jamaica and is a 58% subsidiary of Udiam Holdings AB, a company incorporated in Sweden. The ultimate parent company is Diageo PLC, incorporated in the United Kingdom. The company is located at 214 Spanish town Road, Kingston 11. The principal activities of the company comprise the brewing, bottling and distribution of beers, stouts and spirits. Read more
Mayberry Investments – Analysis & Recommendation – June 10, 2013
Mayberry Investments Limited (‘the Company’) is incorporated in Jamaica. The Company is a licensed securities dealer and is a member of the Jamaica Stock Exchange. The Company has primary dealer status from the Bank of Jamaica. The principal activity of the Company comprises dealing in securities, portfolio management, investment advisory services, operating a foreign exchange cambio, managing funds on behalf of clients and administrative and investment management services for pension plans. Read more
Venezuela – A Defensive Strategy? May 22, 2013
In recent weeks there have been concerns about PDVSA, the Venezuelan state run oil company. The concerns emanate from a bunching up of maturities in the near to medium term (2014 to 2017) totalling
US$14.62 billion over the next five years. There are concerns regarding rollover risk; further, the simple strategy of issuing a bond to finance the upcoming maturities could be viewed as a negative by investors because it would simply increase the level of indebtedness and show less of a commitment to the economic adjustment necessary to turn the country’s debt trajectory in the right direction. Read more
JPS Analysis & Recommendation – May 21, 2013
Jamaica Public Service Company Limited (‘the Company’) is incorporated and domiciled in Jamaica as a limited liability company and is owned by MaruEnergy JPSCO 1 SRL and EWP (Barbados) 1 SRL, each holding a 40% interest in the Company’s shares, with the Government of Jamaica holding 19.9% and private individuals 0.1%. MaruEnergy JPSCO I SRL, is incorporated in Barbados and is ultimately owned by Marubeni Corporation which is incorporated in Japan. EWP (Barbados) 1 SRL is incorporated in Barbados and is ultimately owned by the Korea Electric Power Corporation which is incorporated in South Korea. Read more
US Economic Update – May 10, 2013
The US economy has shown improvement both on a q-o-q basis as well as
from a y-o-y perspective for the March-2013 quarter. Economic activity on a q-o-q basis for Q1-2013 came in at a robust 2.5% compared to the modest 0.4% recorded for the December quarter.
