• Controlling costs while delivering productivity improvements: BlueScope Steel Limited (ASX: BSL) stock fell over 4.1% on September 09, 2016 as the stock traded ex-dividend while some impact came-in from commodity price movement. The company also came out with director, Mr. Paul O’Malley’s share interest notice with 568,125 share rights being transferred. On the other hand, the stock rallied over 84.3% during this year to date (as of September 09, 2016). Moreover, the group came out with solid fiscal year of 2016 results, wherein the net profit after tax rose to $353.8 million for FY2016 as compared to the prior corresponding period. Underlying NPAT surged 119% year on year (yoy) to $293.1 million driven by the second half underlying NPAT which was reported as $174.1 million. This solid performance was mainly on the back of solid sales growth, cost reductions coupled with the North Star acquisition contribution. BSL continues to focus on reducing costs and on productivity improvements. The group controlled its net debt by $595.4 million to $778.0 million as of June 2016. The group reported a leverage of 0.8 times EBITDA as at 30 June 2016 which was 50% less against the December 2015 of 1.6 times EBITDA. BSL intends to achieve a reduced leverage with target net debt to be sustainably below 1.0 times underlying EBITDA.
• Recommendation:We maintain our “Hold” recommendation on the stock at the current price of $8.20

• Concerns over property market might be hurting the stock sentiment:Charter Hall Group(ASX: CHC) stock fell over 3.1% on September 09, 2016 at the back of emerging softness in investors’ sentiments regarding property market in Australia. Otherwise, CHC stock already rallied over 23.9% in the last six months (as at September 08, 2016) and the FY16 result was decent with 26.2% rise in operating earnings while statutory profit after tax grew 82.5%.
• Recommendation:We rate the stock “Expensive” at the current price of $0.165

Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in:  BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in:  BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.