Finance

Stocks to watch


Stocks to watch on the Australian stock exchange:

AZJ – AURIZON HOLDINGS – up 1 cent, or 0.2 per cent, at $5.06

Aurizon has outlined fresh impairments of $606 million with its intermodal and bulk transport divisions continuing to face challenging market conditions.

FMG – FORTESCUE METALS GROUP – down 6 cents, or 1.1 per cent, at $5.24

Fortescue Metals is targeting a further reduction in costs this financial year but expects to keep its iron ore shipments steady.

GUD – GUD HOLDINGS – down 27 cents, or 2.2 per cent, at $11.91

The owner of the Oates cleaning product brand made a loss of $7.3 million in 2016/17 due to the impact of the sale of two underperforming businesses.

KGN – KOGAN steady at $2.24

Online retailer Kogan.com continues to expand beyond televisions and appliances, adding insurance to its business.

MQG – MACQUARIE GROUP up $1.04, or 1.2 per cent, at $87.37

Macquarie Group expects to make another annual profit of around $2.2 billion despite the impact of the federal governme…

Read the full article at: http://www.news.com.au/finance/business/breaking-news/stocks-to-watch/news-story/4bbda3af34f0312a5727c2260f07ccc1

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