Stocks to watch on the Australian stock exchange on Monday, August 13
ANZ – ANZ BANKING GROUP LTD – up two cents at $23.84
ANZ has left its variable interest rates on hold at 6.8 per cent after its monthly review.
CWN – CROWN LTD – up three cents at $8.56
James Packer won’t realise his dream of building the world’s best hotel in Sydney unless a casino is attached to it, says casino operator Crown.
GMG – GOODMAN GROUP – up six cents at $3.86
Property management and development company Goodman Group has increased its full year net profit to $408.3 million as it expands overseas.
HDF – HASTINGS DIVERSIFIED UTILITIES FUND – steady at $2.54
APA – APA GROUP – down 10 cents at $4.66
Pipeline Partners Australia (PPA) has five days to increase its takeover offer for Hastings Diversified Utilities Fund (HDF) after a rival bidder lodged a superior proposal.
NAB – NATIONAL AUSTRALIA BANK LTD – down 24 cents at $25.18
Major banks would struggle to cope if borrowing levels recovered, the National Australia Bank has told a Senate inquiry.