Super Retail Group Ltd

SUL Details
Growth in normalised net profit after tax: Super Retail Group Ltd (ASX: SUL) had reported for a 65.7% growth in net profit after tax attributable to owners for the 26-week period to 31 December 2016 of $74.4 million, over the prior comparative period. Normalised net profit after tax increased by 26.3% and the segment Earnings Before Interest and Tax (EBIT) at $115.2 million, witnessed a rise of 23.7%. The Auto and Sports Divisions witnessed segment EBIT growth of 10.1% and 19.5%, respectively, while the Leisure Division delivered stronger results with segment EBIT growth of 53.7%. 

Reported Sales and Segment EBIT (Source: Company Reports)
 
SUL also stated that the second half has started with a bang with each division delivering positive like for like sales growth. SUL stock has risen 18.7% in last one year but plunged 5.7% in last one month (as at April 18, 2017). We give a “Hold” recommendation at the current price of $ 9.87
 

SUL Daily Chart (Source: Thomson Reuters) 

The Star Entertainment Group Ltd

SGR Details
Rise in 1H 17 statutory revenue: The Star Entertainment Group Ltd (ASX: SGR) had reported statutory NPAT of $141.8 million, up 135.2%, for the half-year ended 31 December 2016 while statutory revenue from ordinary activities was up 12.24% to $1,182.2 million against corresponding period of last year. However, the normalised NPAT has been $107 million, down 17.7%. Basic and Diluted EPS were 17.2 cents compared to 7.3 cents last year. The interim dividend declared was 7.5 cents, compared with 5.5 cents last year. The group has also highlighted certain areas of weakness such as Sydney’s domestic revenue impacted by disruption from capital works, and decline in group EGM market share owing to disruption and increased free play due to relaunch of loyalty program. Further, the international VIP rebate business front money has not witnessed a great growth over 2H FY16. SGR recently announced that South East Queensland’s most iconic destinations, Jupiters has been transitioned to a new name and brand - The Star Gold Coast from March 30, 2017. Given the mixed performance and trading scenario wherein SGR stock price has moved up 10.95 in last three months (as at April 18, 2017), we believe that the stock is “Expensive” at the current price of $ 5.57
 

SGR Daily Chart (Source: Thomson Reuters) 

Trade Me Group Ltd

TME Details
Subdued revenue growth for Trade Me Property: Trade Me Group Ltd (ASX: TME) in its interim financial results for the six months to 31 December 2016, reported that the revenue of $114.9 million in the first half of F17 was up 8.8% over prior corresponding period. Earnings per share also rose to 11.61 cents. Trade Me Motors witnessed a revenue increase of 7.5% while Classifieds segment’s revenue was up 9.9% and General Items’ revenue soared 9.3%. On the other hand, Trade Me Property reported subdued revenue growth of 4.8%. This was at the back of a soft property listings market. There was a 5% rise in expenses year-on-year. Recently, Annie Brown has joined the group as Chief People Officer. FY17 EBITDA and operating NPAT growth rates are expected to exceed FY16 levels. However, the stock price has plunged 2.6% in last six months while recovering only 1.94% in last three months (as at April 18, 2017). We see limited prospects given the present circumstances, and give an “Expensive” recommendation at the current price of $ 4.77
 

TME Daily Chart (Source: Thomson Reuters)

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