Fortescue Metals Group Limited

Industry: Materials

FMG Details

Recovering Chinese markets drove the stock: Fortescue Metals Group Limited (ASX: FMG) surged over 6.8% on April 19, 2016 driven by the recovering housing data from China which is the major player for consuming Iron. March quarter results indicate a 4% increase in iron ore shipments and a ninth straight quarter of cost reduction with full year guidance maintained.
Recommendation: FMG stock price surged 100% in last three months (as of April 18, 2016) and accordingly, we recommend a “Hold” at the current price of $3.32

March Quarter Production Summary (Source: Company Reports)

Worleyparsons Limited

Industry: Energy

WOR Details

New contracts: Worleyparsons Limited (ASX: WOR) surged over 6.8% on April 19, 2016 given the recovering commodity prices on the back of some respite coming in from China. The group has been continuously winning new contracts and recently got a five year contract for Engineering, Procurement and Construction Management (EPCm) services for BP-operated assets in Azerbaijan, Georgia and Turkey.
Recommendation: WOR also has an outstanding dividend yield. We maintain our “BUY” recommendation at the current price of $6.26

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Mid-Cap