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AAP

February 25 2013, 07:09AM

Stocks to watch on the Australian stock exchange on Monday, February 25

BBG - BILLABONG INTERNATIONAL LTD - down five cents at 86 cents

The chances of Billabong being rescued by a white knight bidder may have suffered a blow after the surfwear retailer reported a first half loss and slashed its earnings guidance.

CWN - CROWN LTD - up 20 cents at $11.75

Casinos operator Crown says it can't comment at the moment on its intent towards rival casinos operator Echo, in which Crown holds a 10 per cent stake.

FXJ - FAIRFAX MEDIA LTD - down one cent at 52 cents

Fairfax Media says it has not had to cut its advertising rates in moving its broadsheet newspapers to a new compact size.

FDC - FEDERATION CENTRES - up three cents at $2.39

Federation Centres posts a $115.9 million first half net profit, compared with a $100.1 million loss in the prior corresponding period.

SGM - SIMS METAL MANAGEMENT LTD - up 57 cents at $11.24

Sims Metal Management has announced the retirement of its chief executive, and says the worst may now be over after narrowing its first half loss.

STO - SANTOS LTD - up 15 cents at $12.05

Santos has impressed investors enough with positive outlooks for more cashflow from new liquefied natural gas projects to overshadow a fall in net profit.

TEN - TEN NETWORK HOLDINGS LTD - up one cent at 29.5

Ten Network Holdings has terminated the contract of chief executive James Warburton.

TPI - TRANSPACIFIC INDUSTRIES GROUP LTD - up 10.5 cents at 90 cents

Waste management company Transpacific Industries will axe 200 jobs as it seeks to lower costs amid weakness in its manufacturing and industrial markets.