Aveo Group (ASX: AOG)

Guidance Reaffirmed: Real estate group, Aveo Group (ASX: AOG) share price surged 2% on November 15, 2017 while the group conducted its Annual General Meeting and touched upon the completion of the delivery of the new aged care facility at Durack during the year. There was a growth of 22% in underlying Profit After Tax and 11% in underlying EPS. The group has reaffirmed its FY18 full-year earnings per share growth guidance of 8% based on growth in retirement segment and development of new units. Given the avenues based on retirement industry, we see potential in the stock, and put a “Buy” at current price of $2.70
 

Development Deliveries (Source: Company Reports)
 

Dulux Group Ltd (ASX: DLX)

Rise in dividends: Shares of Dulux Group (ASX: DLX) were up 6% with the group tracking well given the full-year results for FY17. The group reported for a 9.6% increase in net profit to $142.9m with a $3.1m write-back of a tax provision established in previous years. Sales revenue was up 4.0% to $1.78bn and final dividend of 13.5 cps, fully franked, led the full year dividend growth to be about 10.4% over FY16. Although the group invested heavily during the year, the cash conversion was still strong at 86%. The group expects new housing construction to remain strong and expects a better FY18. However, the group seems to be touching high levels and looks “Expensive” at the current price of $8.00

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