Whitehaven Coal Ltd

WHC Details
·         Weak stock sentiment: Whitehaven Coal Ltd (ASX: WHC) stock lost over 6.1% on May 05, 2017 given the volatile commodity prices. The stock already lost over 15.3% in the last four weeks (as of May 04, 2017). We believe the weak stock sentiment would continue in the coming months.

·         Recommendation: We maintain our “Expensive” recommendation on the WHC stock at the current price of $ 2.60

Metals X Ltd

MLX Details
·         Focus on improving business: Metals X Ltd (ASX: MLX) stock lost over 8.5% on May 05, 2017 given the weak sentiment on commodities, and losses in metal and mining sector. On the other hand, the group is enhancing their copper business while ramp up plan is on track to deliver a target run-rate of 35,000 tonnes per annum (tpa) in the second half of 2017 and 40,000 tpa in the first half of 2018. MLX also has a decent balance sheet of A$113 million plus investments of about A$14.8 million.

·         Recommendation:Given the long-term play, we maintain a “Buy” recommendation on the stock at the current price of $ 0.70


New Growth Business (Source: Company Reports)

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