Mesoblast Limited

MSB Details
·         Sudden decline in the stock price: Mesoblast Limited (ASX: MSB) plunged 14.3% on May 04, 2017 apparently despite any news from the group. This may be owing to some mixed sentiments prevailing in the market. The group recently reported about using US $25 million in operating activities in quarter ended March 2017 and has cash and cash equivalents of US$69 million.

·         Recommendation: We maintain a “Hold” recommendation at the current price of $ 2.69

Mineral Resources Limited

MIN Details
·         Weak stock sentiment: Mineral Resources Limited (ASX: MIN) stock lost over 4.7% on May 04, 2017 leading to a total fall of over 8% in the last five days at the back of a volatile environment. On the other hand, the group reported that their Wodgina’s drilling results continued with a 120.8 MT JORC Resource (as per March quarter updates). The group shipped their first lithium DSO from Wodgina with 113,993 wet metric tonnes (WMT) on board. Mt Marion has shipped 49,380 tonnes of product over three shipments in FY17 while next shipment of over 30,000 tonnes would be scheduled in mid-May 2017.

·         Recommendation: The group’s iron ore exports from Iron Valley were impacted by several major weather events in the quarter. Moreover, MIN stock is trading at a higher level given the market volatility.We give an “Expensive” recommendation on the stock at the current price of $ 9.72

APN Outdoor Group Ltd

APO Details
·         ACCC statement on the proposed merger weakened the stock sentiment:APN Outdoor Group Ltd (ASX: APO) stock lost over 1.7% on May 04, 2017 after the Australian Competition and Consumer Commission (ACCC) released a Statement of Issues (SOI) in relation to the proposed merger of APO and OML indicating a substantial lessening of competition if the merger proceeds.ACCC specifically expressed the concerns in relation to the merger which can create a potential market leader with over 50% of all out-of-home advertising, and an even higher share in some segments, such as roadside billboards.

·         Recommendation: We maintain an “Expensive” recommendation on the stock at the current price of $ 5.35

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