Stocks to watch on the Australian stock exchange on Thursday, Feb 12:
AGL – AGL ENERGY – up 62 cents, or 4.3 per cent, at $15.08
AGL offered customers less discounts on their power bills to boost its first half profit but has warned it expects the rest of the year to be flat.
BLD – BORAL – down seven cents, or 1.2 per cent, at $5.79
Australia’s housing construction boom has helped building products maker Boral rebound to profit, with cost cutting efforts expected to deliver further growth ahead.
CBA – COMMONWEALTH BANK – down 73 cents, or 0.8 per cent, at $91.86
Australia’s biggest bank lifted first half cash profit eight per cent to $4.62 billion and increased its dividend by 15 cents to $1.98 a share.
CSL – CSL – down $7.05, or 7.8 per cent, at $82.95
Vaccines and blood products group CSL lifted half year profit by more than seven per cent but trimmed its full year earnings forecast.
DMP – DOMINO’S PIZZA – up $5.77, or 21.2 per cent, at $33.00
Domino’s Pizza upgraded its full year guidance after delivering a 44.2 per cent rise in half year profit on the back of store growth and digital innovation.
GFF – GOODMAN FIELDER – up 0.5 cents, or 0.8 per cent, at 65 cents
Goodman Fielder has returned to profit but says retail trading conditions remain difficult.
LEI – LEIGHTON HOLDINGS – up 23 cents, or 1.1 per cent, at $21.68
Construction giant Leighton’s annual profit was boosted by the sale of its John Holland subsidiary, which helped offset lower earnings from its mining operations.
OZL – OZ MINERALS – down 30 cents, or 7.35 per cent, at $3.78
Copper and gold miner Oz Minerals is back in the black thanks to improved production at its Prominent Hill mine in South Australia.
QAN – QANTAS AIRWAYS – up two cents, or 0.8 per cent, at $2.61
VAH – VIRGIN AUSTRALIA – steady at 47 cents
Qantas has received a credit rating outlook upgrade from Standard & Poor’s as it reaps the benefits from a lower Australian dollar and the end of a capacity war with Virgin Australia.
SGP – STOCKLAND – up 13 cents, or 2.8 per cent, at $4.73
Australia’s housing boom helped increase property group Stockland’s first half profit and put it on track to increase annual earnings.
SKE – SKILLED GROUP – up 1.5 cents, or one per cent, at $1.47
Australia’s biggest workforce provider unveiled a flat first half profit although its engineering and marine services businesses posted strong earnings.
SUN – SUNCORP GROUP – down 42 cents, or 2.9 per cent, at $14.00
Financial services group Suncorp reduced its growth targets for 2014/15 after posting an interim profit result below some analysts’ expectations.