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Stocks to watch

BCI, BLY, LEI, NAB, NVT, REA,

AAP

February 21 2013, 06:52AM

Stocks to watch on the Australian stock exchange on Thursday, Feb 21:

AGO - ATLAS IRON LTD - down 10.5 cents at $1.66

Atlas Iron will book a non-cash impairment of $258 million following a review of its Horizon 1 and 2 exploration project.

ANZ - ANZ BANKING GROUP LTD - up 21 cents at $28.74

ANZ is cutting 70 staff from its wealth management operations and outsourcing the work to India

ALL - ARISTOCRAT LEISURE LTD - up seven cents at $3.86

Gaming machine supplier Aristocrat Leisure says it is on a strong growth trajectory despite challenges of tough economic conditions and currency fluctuations.

AZJ - AURIZON HOLDINGS LTD - down 26 cents at $3.95

Rail operator Aurizon faces multi-million-dollars worth of costs from disruptions caused by the Queensland floods.

BHP - BHP BILLITON LTD - down 35 cents at $38.65

BHP Billiton has appointed a new chief executive to chart a course beyond the iron ore boom and in search of new sources of profit growth.

BRG - BREVILLE GROUP LTD - down $1.57 at $5.65

Breville shares have been sold off sharply amid fears it could lose a key distribution contract in Canada worth up to 10 per cent of its earnings.

FAN - FANTASTIC HOLDINGS LTD - down 40 cents at $3.22

Fantastic Holdings retail group has forecast low growth in an uncertain retail environment after announcing a 2.2 per cent half year profit rise to $13.5 million.

FMG - FORTESCUE METALS GROUP LTD - down 26 cents at $4.92

Iron ore miner Fortescue Metals has rejected suggestions that it is vulnerable because Chinese steel use is waning, saying that country's urbanisation had more than another 20 years to run.

LEI - LEIGHTON HOLDINGS LTD - up 84 cents at $24.29

Leighton Holdings is set to sell part of its $885 million phone and internet infrastructure assets to a Canadian pension fund.

SEK - SEEK LTD - up 70 cents at $9.47

Seek says it will rely on growth in its overseas businesses to make up for an expected shortfall in revenue from Australia, amid fears the local jobless rate will continue to rise.

SUL - SUPER RETAIL GROUP LTD - up 24 cents at $10.88

Leisure and sports retailer Super Retail Group is revamping its stores to lure budding anglers, car nuts and campers away from the internet.

SUN - SUNCORP GROUP LTD - down 11 cents at $11.56

Suncorp's improving insurance business has driven a 48 per cent rise in first half profit, but analysts question whether higher premiums could eventually hurt the company.

SWM - SEVEN WEST MEDIA LTD - down 18 cents at $2.34

Seven West Media's newspaper and magazine businesses look set to endure more tough times, with few signs of any improvement in advertising markets.

TLS - TELSTRA CORPORATION - down 7 cents at $4.56

Australia's largest telco has unveiled plans to try and cope with the nation's rapidly growing love affair with mobile internet usage.

TOL - TOLL HOLDINGS LTD - up 22 cents at $5.85

Toll Holdings says cost cutting and improving efficiency will drive earnings in its underperforming global freight-forwarding business in the near future.

TRS - THE REJECT SHOP - up 50 cents at $17.00

Discount retailer The Reject Shop hopes to open a record number of stores in Australia in 2013 and has its eye on opening its first office in China

WPL - WOODSIDE PETROLEUM LTD - up $1.16 at $39.07

Woodside Petroleum has slated more than $2.5 billion for projects in Israel and Myanmar (Burma) as chief executive Peter Coleman continues to lead a diversification push.