This week, Raymond Chan of Morgans likes miner BHP Billiton (BHP).
Despite the company announcing its worst loss since 2001 on the back of sliding commodity prices and a costly dam disaster in Samarco, Brazil, Chan notes that the result beat analysts’ consensus.
BHP’s share price has moved higher since the news and is currently at levels around $21.00.
BHP Billiton (BHP)
Source: Yahoo!7 Finance
Medibank Private (MPL) was in Chan’s dislikes list after the company’s results came in below expectations.
Medibank’s full-year profit jumped 46%, and the company’s health insurance premium revenue rose 4%.
Telco disruptor Amaysim (AYS) has the attention of Michael McCarthy of CMC Market’s this week.
“Its business model offers significant growth opportunities,” he says.
“A solid result and the clearing of the escrowed share overhang suggests better times for shareholders.”
Amaysim’s share price recently cracked the $2.00 mark.
Amaysim (AYS)
Source: Yahoo!7 Finance
He’s less enthusiastic about Santos’ share price.
“The new management team appear to have a strong grip on the outlook, but the recent report suggests more of the same, and I won’t take their cost cutting story on faith alone. In my view, the share price has run well ahead of the prospects.”
Technical expert, Gary Stone of Share Wealth Systems, says the share price of Automotive Holdings Group (AHG) has been in a consolidation pattern for around 3 and a half years – but times are changing.
“Last week, the AHG share price broke out of this sideways consolidation pattern, signalling the start of a new up-trend that could potentially take the share price initially to between $5.50 to $5.90 and then up to the high $6 area, over the coming year or so,” Stone says.
He doesn’t like the share price pattern of APA Group however, after it failed to breakout above a resistance zone of $9.25 and $9.40. This has brought the price back into a consolidation range of $8.00 and $9.40.
“There is a high probability that APA’s share price will decline from its current price of $9.08 to the low $8’s. It should find support at the $7.90 to $8.10 support zone. It is highly likely that APA will take many months, maybe over a year or so, to start a new long-term up-trend above its current price.”
APA Group (APA)
Source: Yahoo!7 Finance
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