Stocks to watch on Tuesday
Market watch top headlines
February 19 2013, 07:03AM
Stocks to watch on the Australian stock exchange on Tuesday, Feb 19:
AMC - AMCOR LTD - up 23 cents at $9.14
Packaging giant Amcor says its new recycled paper machine at its Botany mill in NSW and recent acquisitions, such as the Shorewood tobacco packaging business, will drive earnings in the short term.
APN - APN NEWS & MEDIA - in trading halt, last traded at 30 cents
APN News and Media's two major shareholders have forced the resignation of the trans-Tasman publisher's chief executive, chairman and three independent directors.
ARI - ARRIUM LTD - up eight cents at $1.26
Iron ore miner and steel maker Arrium has appointed the head of its mining consumables business, Andrew Roberts, as its new chief executive.
BEN - BENDIGO AND ADELAIDE BANK LTD - up 32 cents at $10.17
A key factor cited by banks for not passing on the central bank's rate cuts may soon be a thing of the past, Bendigo and Adelaide Bank boss Mike Hirst says.
BLY - BOART LONGYEAR LTD - down 17.5 cents at $1.965
Boart Longyear has found a new chief executive and chairman, but fears last year's revenue downturn will continue as clients turn the screws on contract negotiations in 2013.
BSL - BLUESCOPE STEEL LTD - up 58 cents at $4.35
BlueScope Steel has accused Australian importers of attacking their own manufacturing industry by illegally importing cheap, dumped steel.
FXJ - FAIRFAX MEDIA LTD - up 0.5 cents at 54 cents
Analysts expect Fairfax Media to report a fall in revenue of up to 10 per cent in its first half results on Thursday, with declining print advertising income continuing to take a toll.
LLC - LEND LEASE GROUP - down 27 cents at $10.42
Lend Lease shares have fallen, despite the construction giant posting a 39 per cent jump in net profit, with investors sceptical about its growth prospects.
NHF - NIB HOLDINGS LTD - down two cents at $2.25
nib Holdings' first half profit fell five per cent as the private health insurer reported higher-than-forecast claim.
PBG - PACIFIC BRANDS LTD - up 2.5 cents at 75.5 cents
Retailer Pacific Brands is pinning its future on the success of Bonds underwear and Sheridan sheets as it focuses on key brands and online sales to improve earnings.
SFH - SPECIALTY FASHION GROUP LTD - up 7.5 cents at $1.025
Specialty Fashion Group has almost tripled its first half profit, due mainly to an increase in online sales growth.