An analysis has revealed that National Commercial Bank (NCB) is currently the most under-valued stock trading on the Trinidad and Tobago Stock Exchange (TTSE).
Trinidad-based First Citizens Research and Analytics made the observation in its September Market Insights released to investors. It said NCB is trading 194 per cent below its intrinsic value.
First Citizens said with the bank, being the largest financial institution in Jamaica, NCB’s value is $2.94 per share, while it is trading on the TTSE for one dollar.
However, the analysts cautioned that Trinidadian investors should be aware of the exchange rate risk involved with Jamaican stocks.
In light of the currency depreciation earlier this year, the Jamaican dollar currently trades at five cents to one TT dollar.
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NCB stock under-valued on Trinidad & Tobago Stock Exchange
