Stocks to watch on the Australian stock exchange on Thursday:
CVW – CLEARVIEW – down one cent, or one per cent, at $1.03
Life insurer and financial adviser ClearView Wealth’s half year profit has been boosted by increased life insurance premiums and sales.
CWP – CEDAR WOODS – up 30 cents, or 5.2 per cent, at $6.05
A booming housing market and record low interest rates have property developer Cedar Woods expecting a record annual profit.
DLX – DULUXGROUP – up five cents, or 0.8 per cent, at $6.11
Paint maker DuluxGroup has agreed to acquire Sydney-based Porter’s Paints for an undisclosed sum.
MAH – MACMAHON – up 1.1 cents, or 32.4 per cent, at 4.5 cents
Troubled mining services contractor Macmahon Holdings has fallen into the red with a first half loss of $112.45 million.
MOC – MORTGAGE CHOICE – down 16 cents, or 5.5 per cent, at $2.74
Mortgage Choice says the outlook for home loan approvals into 2016 looks positive amid the booming property market.
MVF – MONASH IVF – up 0.5 cents, or 0.4 per cent, at $1.405
Monash IVF expects to continue to expand despite a contraction in key markets for assisted reproductive services.
RFG – RETAIL FOOD GROUP – up $1.00, or 15.3 per cent, at $7.54
The owner of Gloria Jean’s and Michel’s Patisserie expects earnings to continue to rise despite sluggish consumer confidence.
SRF – SURFSTITCH – up 3.5 cents, or 2.95 per cent, at $1.22
Online retailer SurfStitch has maintained its full year forecast of $5.1 million in underlying earnings.
SUN – SUNCORP – up 27 cents, or 1.95 per cent, at $14.13
Financial services giant Suncorp has received 4,300 claims in relation to the devastation caused by Cyclone Marcia in Queensland.
SVW – SEVEN GROUP – up 67 cents, or 10.8 per cent, at $6.85
Kerry Stokes’ Seven Group will conduct a new share buy back and cut more jobs after first half profit dived 74 per cent.
SXL – SOUTHERN CROSS MEDIA – up 17 cents, or 18.2 per cent, at $1.105
Southern Cross Austereo wants to put a dismal 2014 behind it as it pins its hopes on a new breakfast radio team in Sydney and improved ratings from its TV affiliate, Ten.
VED – VEDA GROUP – down four cents, or 1.7 per cent, at $2.31
Credit information provider Veda has swung back into the black with a first half profit and expects a small lift in full year earnings.
WFD – WESTFIELD CORPORATION – down five cents, or 0.5 per cent, at $10.09
Westfield Corporation co-chief executive Peter Lowy has cancelled plans to step down from his role with the international shopping centre giant.
WOR – WORLEYPARSONS – down $1.37, or 12.2 per cent, at $9.86
WorleyParsons shares have been hammered, with investors unwilling to back the engineering group despite a solid profit and its insistence it was well placed financially.
