Select Harvests Limited
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SHV Details
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Impact from California: Select Harvests Limited (ASX: SHV) stock fell over 5.98% on August 03, 2016. We believe that the pressure in the stock would continue given the rising pressure from California. The shares of SHV rallied over 51.9% in the last three months (as of August 02, 2016) driven by the rising nut prices during the period. On the other hand, the rising supply from California would pose pressure on the stock.
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Recommendation: We give an “Expensive” recommendation on the stock at the current price of $7.07
Challenger Ltd
CGF Details
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Morgan Stanley update led to the stock pressure: Challenger Ltd (ASX: CGF) stock fell over 4.8% on August 03, 2016 as Morgan Stanley reported that they expect the shorter dated annuity sales to be under pressure which would account over 80% of new volumes. On the other hand, the subdued interest rates across the globe have been driving the foreign investors to opt for better yielding Australian assets and challenger is well positioned to leverage this opportunity. Challenger has built solid relationships with sovereign wealth funds and leading superannuation funds. Moreover, the group has a strong track record, wherein its Funds under Management reached $55 billion as of March 2016 as compared to $19 billion in five years ago. This indicated an annual growth of 30% p.a. in FUM during the period. Challenger Investment Partners (CIP) built a solid track record in asset origination and investment performance and continues to deliver an ongoing growth in third party client base. The shares of CGF stock surged over 24.2% in the last six months (as of August 02, 2016).
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Recommendation: We give a “Hold” recommendation on this dividend yield stock at the current price of $8.90
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Proven record of rising FUM (Source: Company Reports)
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