Mantra Group Ltd

MTR Details
·         Media speculation:Mantra Group Ltd (ASX: MTR) stock surged over 12.26% on March 28, 2017 after the company responded to media speculation regarding possible takeover interest from Marriott International. MTR has confirmed that it is not in discussions with any potential buyers. Few days ago, InterContinental Hotel Group was rumored to be interested and this week it is rumored to be Marriott International. 
 
·         Recommendation: MTR stock fell 16.61% in the last three months (as of March 27, 2017), placing the stock at lucrative levels. Given the travel and tourism prospect, we maintain a “Buy” recommendation on the stock at the current price of – $ 2.93

Ardent Leisure Group

AAD Details
·         Trading update for the Theme Parks division:Ardent Leisure Group (ASX: AAD) stock rose over 11.04% on March 28, 2017 with improving sentiments. Recently, AAD had provided the trading update for the Theme Parks division for the month of February to the market. During the month of February 2017, the Theme Parks division has posted the unaudited revenues of $4.4 million, which is a fall of 35.0% on revenues of $6.78 million posted in the prior corresponding period. This represented an improving trend against December 2016 and January 2017, wherein reductions in revenues of 63.0% and 50.4%, respectively, were reported in the prior corresponding periods.
 
·         Recommendation: AAD stock fell 41.37% in the last six months (as at March 27, 2017) at the back of the Dreamworld Ride Incident. We maintain a “Hold” recommendation at the current price of – $ 1.81 

Continuing Theme Park Visitation Recovery (Source: Company Reports)

Quintis Ltd

QIN Details
·         Resignation of the Managing Director: Quintis Ltd (ASX: QIN) stock rallied over 13.6% on March 28, 2017. QIN’s managing director, Frank Wilson has resigned to explore an offer to potentially partner with an “unnamed international corporation” to present a “proposed change of control transaction” to the company board. Mr Wilson intends on exploring this opportunity both with the unnamed corporation and, potentially, other third parties, further and has resigned as a director with immediate effect. Mr Wilson has been approached lately by a credible party, with a view to making an offer to QIN for the shares he doesn’t already own. On the other hand, the group released a clarification statement on company being not aware of the identity of the international corporation and any potential change of control transaction.
 
·         Recommendation: QIN stock fell 34.52% in the last three months (as of March 27, 2017). Given the recent events, we give a “Hold” recommendation at the current price of – $ 1.25

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