Stocks to watch on the Australian stock exchange early on Tuesday:
AQA – AQUILA RESOURCES LTD – down four cents at $4.94
Aquila Resources has placed its shares in a trading halt pending an announcement about its producing Isaac Plains Coal Mine.
BOQ – BANK OF QUEENSLAND – in a trading half, last traded at $7.30
Bank of Queensland (BOQ) expects to post a $91 million first half loss because of a large increase in impairments on loans.
CFX – CFS RETAIL PROPERTY TRUST – up two cents at $1.785
CFS Retail Property Trust has sold a 50 per cent stake in Myer’s Brisbane shopping centre to a fellow property investment trust for $366 million.
GNS – GUNNS LTD – shares suspended from trade, last traded at 16 cents.
Woodchipper Gunns Ltd may seek to raise about $400 million via a new capital raising that could involve a placement of shares to new investors.
LEI – LEIGHTON HOLDINGS LTD – up 63 cents at $23.75
Tasmania will be the first state to have its National Broadband Network rollout completed, Premier Lara Giddings has announced.
ORG – ORIGIN LTD – up five cents at $13.15
Origin Energy is still considering further a selling downs of its equity in the Australia Pacific liquefied natural gas (APLNG) project in Queensland to pay for a second processing “train”.
QAN – QANTAS AIRWAYS LTD – up 3.5 cents at $1.765
Qantas will set up a budget airline in China under a new agreement reached with China Eastern Airlines.
RFG – RETAIL FOOD GROUP LTD – up four cents at $2.75
The owner of food brands Brumby’s Bakeries and Donut King has increased its finance arrangements to allow for more acquisitions.