Stocks to watch on the Australian stock exchange Tuesday, October 25:
AIO – ASCIANO LTD – up three cents at $1.51
Ports and rail operator Asciano has no debts due until fiscal 2015 after refinancing $1.45 billion in bank facilities.
BBG – BILLABONG INTERNATIONAL LTD – last traded at $3.60
Billabong is due to hold its AGM on Tuesday
BMN – BANNERMAN RESOURCES LTD – down 2.5 cents at 29.5 cents
Uranium explorer Bannerman Resources will continue to shop around for alternative deals to the $144 million takeover bid by China’s Hanlong Mining, which is facing regulatory and financing delays.
BEN – BENDIGO AND ADELAIDE BANK LTD – up 23 cents at $9.45
Bendigo and Adelaide Bank chief executive Mike Hirst says banks must focus on customers to survive in the rapidly changing industry.
MCC – MACARTHUR COAL LTD – down two cents at $16.20
The joint bidders for Queensland miner Macarthur Coal say that have achieved majority control
ORI – ORICA LTD – up $1.39 cents at $25.49
Explosives maker and mining services supplier Orica has chosen former Newcrest Mining chief executive Ian Smith to succeed Graeme Liebelt as chief executive.
ORG – ORIGIN ENERGY LTD – up 54 cents at $14.59
Origin Energy is spending up big to counteract negative publicity about its controversial coal seam gas (CSG) operations.
PXS – PHARMAXIS LTD – up 47 cents at $1.41
Shares in drug developer Pharmaxis soared 50 per cent on Monday after the company moved closer to securing approval to market its cystic fibrosis drug, bronchitol, in Europe.
RIO – RIO TINTO LTD – up $3.06 at $65.63
CNA – COAL AND ALLIED INDUSTRIES LTD – up five cents at $124.35
Australia’s biggest iron ore miner Rio Tinto appears to have bowed to Chinese pressure, after saying it is being forced to move to shorter-term pricing.
SGP – STOCKLAND – last traded at $3.23
Stockland is due to hold its AGM on Tuesday.
TLS – TELSTRA CORPORATION LTD – up four cents at $3.18
SGT – SINGAPORE TELECOMMUNICATIONS LTD – down one cent at $2.44
Optus says anti-disparagement provisions included in its agreement with NBN Co will not restrict the telco’s ability to market wireless products and services.
TWE – TREASURY WINE ESTATES LTD – last traded at $3.90
Treasury Wine Estates Ltd is due to hold its AGM on Tuesday.
WTF – WOTIF.COM HOLDINGS LTD – up 12 cents at $3.70
MELBOURNE, Oct 24 AAP – Online bookings website Wotif.com Holdings expects to meet most analysts’ expectations that the company will report a first half operating profit of more than $27 million.
