Praemium Ltd

PPS Details 
· Growing Global FUA performance: Praemium Ltd (ASX: PPS) stock surged over 5.95% on February 15, 2017 owing to positive sentiments. The group reported a solid half year FY17 EBITDA rise of 39% year on year (yoy) to $2.6 million. PPS delivered a revenue and other income growth of 16% yoy to $17.2 million, during the period. The group delivered this strong performance for the sixth consecutive half of profit improvement. The group’s Australian EBITDA reached $4.6 million, while EBITDA margins were 41%. On the other hand, UK’s EBITDA loss fell 34% to $0.7 million while Asia’s EBITDA was cut by 31% to $0.8 million. Meanwhile, the group’s Global FUA enhanced 29% to $5.4 billion as of December 31, 2016, driven by the group’s product development, sales distribution and implementation.

· Recommendation: We give a “Buy” recommendation on the stock at the current price of - $ 0.44 

Historical performance over the years (Source: Company Reports) 

Boral Ltd

BLD Details 
· Strong bottom line drove the stock higher: Boral Ltd (ASX: BLD) stock surged over 6.1% on February 15, 2017 driven by their strong bottom line performance. The group’s net profit rose 12.3% to $153.4 million during the six months ended at December 31, 2016 over prior corresponding period, driven by their cost control assets coupled with asset sales contribution. The group benefitted from the sale of brickmaking joint ventures in the United States and Australia. On the other hand, the group’s core Australian division reported a fall of more than 3% in EBIT impacted by factors such as market decline.

· Recommendation: Given the prospects and trading scenario, we maintain an “Expensive” recommendation on the stock at the current price of - $ 6.24

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