Donaco International Ltd

DNA Details
·         Recovering conditions in the second half of FY17: Donaco International Ltd (ASX: DNA) stock recovered over 1.5% on March 10, 2017. The group’s stock would be removed from S&P/ASX 300 Index Effective from March 20, 2017. On the other hand, the group has forecasted for a better performance for the second half of FY17 while the operational performance is recovering at Star Vegas, indicating a better June half performance given the recovering conditions in the Thai economy. Moreover, the group reported that their January 2017 rolling turnover enhanced 8.4%, as compared to the prior corresponding period. Thailand has Major public holidays in the second half which would lead to a stronger December half performance. Meanwhile, the group is launching online gaming at Star Vegas while negotiating with their Thai partner to confirm their on-going involvement post FY2017. Given the improving trading conditions during January and February 2017, driven by visitation and win rates, the better performance in the second half is expected to drive the stock.

·         Recommendation: DNA stock lost over 18.3% in the last six months (as of March 09, 2017) and is now trading at an attractive level. We give a “Buy” recommendation on the stock at the current price of - $ 0.34
 

First half performance by segment (Source: Company Reports) 

Mantra Group Ltd

MTR Details
·         Booming economy revives the sentiment: Mantra Group Ltd (ASX: MTR) stock surged over 5.3% on March 10, 2017 given the reviving sentiments on property markets and boost from tourism sector. As per the 1H 17 results, the group reported for 15.9% rise in statutory total revenue while statutory NPAT was up 25.9%.

·         Recommendation: Mantra Group stock fell over 35.3% in the last one year on concerns over the property markets. On the other hand, given the group’s strong portfolio and reviving economic conditions, we believe the stock is set to soar higher in the coming months. We believe investors need to leverage the subdued stock levels, and accordingly, reiterate our “Buy” recommendation on the stock at the current price of – $ 2.78

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