TPG Telecom Ltd

TPM Details
·         Reaffirmed FY 17 outlook: TPG Telecom Ltd (ASX: TPM) stock fell over 2.6% on April 04, 2017 owing to some volatility. TPM in the 1H 2017 has reported 28% increase in the underlying NPAT by $45.2m to $207.5m due to the EBITDA growth and a $17.0m (pre-tax) decrease in net financing costs at the back of a reduction in the quantum and cost of the group’s bank debt. The 1H17 reported results includes $48.8m profit realised on the sale of equity investments ($35.3m post tax) and $7.0m non-recurring revenue earned by the group’s Consumer Division ($4.9m post tax). Moreover, TPM expects the underlying EBITDA for FY 17 to be $820-830m as reaffirmed recently.

·         Recommendation: TPM stock fell over 19.04% in the last six months (as of April 03, 2017). We give a “Buy” recommendation at the current price of – $ 6.71 

1H 17 Financial Performance (Source: Company Reports) 

Galaxy Resources Ltd

GXY Details
·         Successfully reached nameplate throughput: Galaxy Resources Ltd (ASX: GXY) stock lost over 4.6% on April 04, 2017. The drop may have been partly related to some sector-driven volatility. On the other hand, the company has successfully reached nameplate throughput at its Mt Cattlin operations in Ravensthorpe, Western Australia. Over the last seven days’ throughput at Mt Cattlin had averaged 210 dry tonnes per hour at the monthly average of 79% utilisation rate. The reaching of design throughput completes the commissioning period ahead of schedule. The maximum plant throughput achieved so far this year was a rate of 219 dry tonnes per hour during a 24-hour period. Over the past week, the final product production rate has averaged 378 dry tonnes per day, with the best production day recorded in March of 488 dry tonnes. The company has planned further process improvements for throughout 2017 to further increase production. There also has been a change in interests by Director, Anthony Peter Tse in his performance options.

·         Recommendation: GXY stock rose over 35.94% in the last six months (as of April 03, 2017) while we give a “Buy” recommendation on the stock at the current price of – $ 0.41

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