BWX Ltd
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BWX Details
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Growing UK penetration:BWX Ltd (ASX: BWX) stock rose over 4.8% on July 26, 2016 as the group reported that they are expanding presence in the UK market. The group would launch BWX’s flagship under the brand Sukin. Boots and BWX made the agreement which would commence from the second quarter of 2017, wherein Boots would start with 27 of Sukin’s best-selling SKU’s in over 80 of their highest turnover stores. Moreover, 14 of these SKU’s would be on shelf in further 140 selected high street locations. On the other hand, BWX stock rose over 37.7% during this year to date (as of July 25, 2016) placing it at higher valuations. The stock is trading at an unreasonable P/E. Moreover, given the ongoing challenging conditions in UK might hamper the group’s expectations in the region.
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Recommendation: We give an “Expensive” recommendation on the stock at the current price of $5.44
Medibank Private Ltd
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MPL Details
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Issue with annual tax statements: Medibank Private Ltd (ASX: MPL) stock surged over 4.35% on July 26, 2016. This rally may be due to the expectations that the stock is well positioned to benefit from the ongoing political uncertainty in Australia given the government's election victory with a slight margin. The company recently announced that there would be a delay in providing annual tax statements owing to some reporting issues at the back of technology upgrade. MPL stock already rallied over 35.9% during this year to date (as of July 25, 2016).
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Recommendation: We believe that the stock is “Expensive” at the current price of $3.12
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Medibank core business (Source: Company Reports)
Monadelphous Group Limited
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MND Details
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Targeting Renewable Energy market: Monadelphous Group Limited (ASX: MND) stock surged over 3.78% on July 26, 2016 as the group made an agreement with renewable energy major player, ZEM Energy to form Zenviron. With this partnership, the group intends to generate a share of over 6,000 megawatts of new renewable energy capacity which would be built by 2020. MND announced that Zenviron has been selected as preferred tenderer for the provision of the Balance of Plant related with CWP Renewables’ Sapphire Wind Farm, and accordingly intends to leverage the growing number of opportunities in the renewable energy markets in Australia and New Zealand. On the other hand, MND stock already rose over 47.3% in the last six months (as of July 25, 2016).
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Recommendation: We give an “expensive” recommendation on the stock at the current price of $9.89, and would review the stock at a later date.
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