Stocks to watch

A2M - A2 MILK - down $2.11, or 13.2 per cent, to $13.89

The Kiwi infant formula and liquid milk company reported full-year earnings before interest, tax, depreciation and amortisation had surged 46.1 per cent to $NZ413.6 million ($A391m) - disappointing investors who had hoped for EDITDA in the $NZ430 million range.

IG market analyst Kyle Rodda called the stock plunge "the curse of high expectations".

The results were "slightly disappointing but there's plenty for the company to crow about."

MMS - MCMILLAN SHAKESPEARE - up $2.34, or $17.82, to $15.47

The salary packaging and novated leasing company said it would conduct a $80 million off-market share buyback in which shareholders can sell their shares to the company for a discount of between 10 to 14 per cent.

Most of the buy-back price would be considered a fully-franked dividend, so selling at a discount could make sense for some shareholders depending on their tax situation.

McMillan Shakespeare said its underlying full-year net profit was down 5.1 per cent to $88.7 million.

BAP - BAPCOR LIMITED - up 45 cents, or 7.1 per cent, to $6.75

The aftermarket auto parts seller said its net profit after tax was up 9 per cent to $94.3 million, with revenue up 4.8 per cent to $1.3 billion.

In the first six weeks of trading since June 30, there had been improvement in all business segments, Bapcor said.

SHV - SELECT HARVESTS - up 71 cents, or 10 per cent, to $7.81

The almond producer says 2019 yields "are above industry standard and exceed the previous forecast".

Frost fans and a new sorting technology at its Carina West facility in the Sunraysia district of Victoria have helped production, Select Harvest said.

DTL - DATA#3 LIMITED - up 22 cents, or 9.5 per cent, to $2.53

The cloud computing company said net profit after tax was up 28.7 per cent to $18.1 million, on revenue of $1.4 billion.

CAR - CARSALES.COM - up $1.53, or 10.9 per cent, to $15.57

Carsales' full-year profit has dropped 53.8 per cent to $85.2 million after it incurred a previously announced $47.8 million impairment charge against its 50.1 per cent share in underperforming Stratton Finance.

SVW - SEVEN GROUP - up 45 cents, or 2.7 per cent, to $17.13

Seven Group Holdings' underlying full-year earnings are up 40 per cent to $695.1 million but its stake in Seven West Media is dragging on the operating and investment company.

Seven Group has taken a $259 million hit related to its 41 per cent ownership of Seven West Media, whose share price is down 33.6 per cent this year.

HELLO WORLD - flat at $4.38

Hello World says its full-year after-tax profit rose 23.8 per cent to $38.2 million as it integrated several acquisitions into its travel business.

It handled $6.5 billion in bookings in the year to June 30, up 9.1 per cent from the previous financial year, resulting in revenue climbing 9.8 per cent to $357.6 million.

WISETECH GLOBAL - up $3.06, or 11.1 per cent, to $30.76

Worldwide expansion has helped lift logistics software provider WiseTech Global's full-year profit up 32.7 per cent as the tech company found tailwinds from international tariffs, regulation and taxes.

WiseTech Global reported a profit of $54.1 million, up from $40.8 million for the previous corresponding period, citing strong organic revenue growth and a raft of international acquisitions.

SGP - STOCKLAND - down 31 cents, or 6.7 per cent, to $4.29

The residential developer has posted a nearly 70 per cent drop in annual net profit, hurt by devaluations in certain portfolios and warned on a softer performance for the 2020 fiscal year.

The company has been under pressure from tighter consumer spending and lower sales amid the biggest property downturn in a generation, with housing prices declining in every month since late 2017.

Austrlaian Associated PressBack to Breaking News

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