Lead broker, NCB Capital Markets, is recommending that investors buy the stock of TransJamaican Highway when its additional public offer of shares opens today.
In support of this recommendation, NCB Capital Markets stressed that the potential return on the stock could be 28.2 per cent, on the assumption that the stock price will climb to as high as $4.43.
NCB Capital Market is also projecting that the stock price will appreciate by 22.90 per cent while the dividend yield is programmed at 5.20 per cent.
It says TransJamaican's net profit, as a percentage of its equity, is currently 54.8 per cent, among the highest in Latin America and the Caribbean.
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