Mantra Group Ltd
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MTR Details
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On recovery mode: Mantra Group Ltd (ASX: MTR) started recovering over 5.13% on August 05, 2016 after falling over 7.8% in last five days (as at August 04, 2016). This volatility in the stock is due to mixed reviews from the brokerage houses while Westpac Banking Corp increased its holding to 12.68% voting power from 11.59%. We remain bullish on Mantra group and believe that the stock would recover in the coming months. Moreover, MTR stock already corrected over 34.2% (as of August 04, 2016) during this year to date due to tough conditions in Australia. MTR has a solid portfolio with more than 20,500 rooms under management in 125+ properties across Australia, New Zealand, Bali and Hawaii. In fact, the group built a diversified property portfolio with long tenure having an average remaining agreement tenure of 18 years.
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Recommendation:We give a “Buy” recommendation on the stock at the current price of $3.48
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Growing outbound tourism opportunity from China (Source: Company Reports)
Austal Limited
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ASB Details
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Positive response from US Navy: Austal Limited (ASX: ASB) stock surged over 3.125% on August 05, 2016 driven by the aluminum price movement while Allan Gray Australia Pty Ltd rose its holding in ASB to 19.57% voting power from 18.51%. The group recently reported that USS Jackson (LCS 6) finished Full Shock Trials and delivered positive results, marking a major milestone for the group’s LCS program. Meanwhile, the group reported for ongoing Navy trials to assess these results while the final test would validate the group’s aluminum trimaran ability to operate and survive after exposure to underwater shock. Meanwhile, ASB stock corrected over 28.7% in this year to date (as at August 04, 2016) placing them at lower levels.
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Recommendation:We recommend a “Hold” on the stock at the current levels of $1.155
Fortescue Metals Group Ltd
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FMG Details
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Low cost producer: Fortescue Metals Group Ltd (ASX: FMG) stock surged over 5.6% on August 05, 2016 driven by the rally in the commodity prices. Being a low cost producer against its peers across the world, the recovery in the prices would further drive its performance for the coming periods. The group achieved over 169.4mt and reported cash costs of over $14.31/t as of fourth quarter of FY16. The group’s solid resource portfolio makes them well positioned to capture the long term opportunity.
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Recommendation:We maintain a “Hold” recommendation on FMG at the current price of $4.56
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Huge Pilbara tenement footprint (Source: Company Reports)
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