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Stocks to watch early on Wednesday

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Stocks to watch on the Australian stock exchange on Wednesday, August 1

AQA – AQUILA RESOURCES LTD – up 11 cents at $2.13

The environmental authority supports Aquila Resources’ proposed port for its $6 billion iron ore project in Western Australia’s Pilbara region.

BRG – BREVILLE GROUP LTD – up eight cents at $4.78

Shares in Breville Group hit a record high after the kitchen appliance maker said it expects full year earnings to grow by up to 40 per cent.

CTX – CALTEX AUSTRALIA LTD – up one cent at $14.13

Caltex Australia says it is confident of getting investor support for its $300 million capital raising despite a ratings agency casting doubt on its balance sheet last week.

HDF – HASTINGS DIVERSIFIED UTILITIES FUND – down one cent at $2.54

The Takeovers Panel has rejected a request to look into aspects of one of the two takeover bids for energy infrastructure investor Hastings Diversified Utilities Fund (HDF).

MAQ – MACQUARIE TELECOM GROUP LTD – up 75 cents at $8.95

Business-only telecommunications provider Macquarie Telecom has upgraded its earning guidance for the 2012 financial year by about 10 per cent.

MTS – METCASH LTD – up six cents at $3.41

Grocery wholesaler Metcash has paid $46.5 million to take complete ownership of hardware chain Mitre 10.

NAB – NATIONAL AUSTRALIA BANK LTD – up 37 cents at $24.98

Talk of a two-speed economy in Australia is inaccurate and damaging, says National Australia Bank CEO Cameron Clyne.

ORG – ORIGIN ENERGY LTD – up 24 cents at $11.81

Shares in Origin Energy rose two per cent after stronger commodity prices drove the company’s revenue higher, despite lower production levels.

SDL – SUNDANCE RESOURCES LTD – down one cent at 33.5 cents

Investors in Sundance Resources face a nervous wait of at least 24 hours to find out if the company’s sole project has crucial financial backing from China.

WPL – WOODSIDE PETROLEUM LTD – up 54 cents at $33.75

Record opposition to an environmental green light for Woodside Petroleum’s proposed $30 billion Kimberley gas hub has prompted the West Australian government to review it.