Stocks to watch
Stocks of interest at the close of trading on Thursday, February 13.
LYC - LYNAS CORP - up 17 cents, or 8.1 per cent, to $2.28
The Malaysian news website Malaysiakini reported that Malaysia's cabinet has "agreed in principle" to grant a three-year extension for Lynas' rare earth processing plant in Kuantan.
The rare earth miner said it had not received any notification of such a renewal. The plant's licence expires on March 2.
ALK - ALKANE RESOURCES - down two cents, or 2.0 per cent, to 97.5 cents
The junior explorer has released more drilling results at its Northern Molong Porphyry Project in central-west NSW, showing a shallow vein of low-grade gold spanning 689 metres.
Alkane managing director Nic Earner said the drill results gave further encouragement the company had a "significant discovery" on its hands, and Datt Capital principal Emanuel Ajay Datt tweeted that "This surely has to rank as one of the best discoveries in Australia over the last 20 years".
SM1 - SYNLAIT - down $1.51, or 18.8 per cent, to $6.54
The milk processor says significantly lower-than-expected infant powder sales caused by Chinese market consolidation will sap its first-half net profit, while the coronavirus outbreak also presents a risk for the company.
Synlait said its FY20 earnings would be between $NZ70 million and $NZ85 million net profit after tax ($A67.15 million to $A81.54 million), down from $NZ82.2 a year earlier.
TLS - TELSTRA - down six cents, or 1.6 per cent, to $3.76
Bushfires and the migration of customers to the NBN has sapped Telstra's first half-profit, though the telco giant's 7.6 per cent slide to $1.14 billion was in line with market expectations.
Telstra's revenue for the six months to December 31 fell by 3.4 per cent to $12.2 billion as the company's net profit slipped from $1.23 billion a year ago, including a $50 million hit from the summer's fire crisis.
AMP - AMP LIMITED - down one cent, or 0.6 per cent, to $1.815
The wealth manager has slumped to a full-year net loss of $2.5 billion and will not pay a final dividend as impairments and a sagging wealth management division impede its reputational rebuild.
AGL - AGL ENERGY - up 70 cents, or 3.6 per cent, to $20.22
Australia's top power producer said it made $432 million in underlying net profit in the six months to December 31 - down 19.6 per cent from a year ago, but more than the $314 million that analysts were expecting.
GMG - GOODMAN GROUP - down 90 cents, or 5.8 per cent, to $16.30
The industrial property owner has upgraded its earnings guidance for the full year after posting a strong first half operating profit.
The warehouse and business has booked a statutory net profit for the half year of $810.6 million, down from $929.2 million at the same time last year after non-recurring costs including $87.7 million for its long term incentive plan.
BRG - BREVILLE - up $5.52, or 27.6 per cent, to $25.50
The small home appliance company reported a 14.1 per cent spike in first-half net profit that was bolstered by growth in its global product and distribution segments.
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