Western Areas Ltd

Industry: Metals and Mining

WSA Dividend Details

Boosting capital position: Western Areas Ltd (ASX: WSA) has been on a winning streak this week and surged over 7.37% on April 15, 2016 leading to 13.66% surge in the last five days alone, driven by the recovering commodity prices. The group is enhancing its capital position via an underwritten placement to investors for raising over A$60 million in total. The group recently made a Security Purchase Plan to raise over A$10 million.
Recommendation: We give a “Buy” on this dividend yield stock at the current price of $2.33

Bellamy's Australia Ltd

Industry: Consumer Staples

BAL Dividend Details

Positive regulations by China drove the stock higher: Bellamy's Australia Ltd (ASX: BAL) drove up by 5.5% on April 15, 2016 driven by the positive China updates wherein the country introduced new regulatory announcements. Based on this update, all the infant formulas that are sold in China need to get accredited with a formulation registration certificate by China Food and Drug Administration (CFDA) starting from January 2018. Moreover, the group’s infant formula is under 'Positive List’ which could enter China under its free trade zones as per the new tax policy recently issued by the government.
Recommendation: We continue to be positive on BAL despite rising competition, and give a “Speculative buy” at the current price of $10.59

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Mid-Cap