3 Leading Players ON ASX - EHL, BHP and SYR

  • Jan 07, 2019 AEDT
  • Team Kalkine
3 Leading Players ON ASX - EHL, BHP and SYR

The recently announced positive payroll figures in the U.S. have influenced the attitude of the Australian Figures. The below-mentioned stocks have rallied Up on ASX today (i.e., 7 January 2019). Further, the market is also impacted by the recent announcement by US Federal Reserve Chairman Mr. Jerome Powell who hinted that the Federal bank of US could pause interest-rate increases if the U.S economy is weakened. Let’s take a closer look at stocks that rallied Up on ASX today.

Emeco Holdings Limited (ASX: EHL)

Earthmoving solutions provider, Emeco Holdings Limited (ASX: EHL) reported a Total Shareholder Return (TSR) of 268 percent in FY 2018, relative to the ASX 200 of 13 percent. EHL’s shares witnessed an uplift of 10.29 percent on ASX as on 7 January 2019. In FY 2018, the company reported an operating EBITDA of $153 million which was 83 percent higher than FY 2017. During FY 2018, the company increased its operating EBITDA margins from 35.8 percent in FY 2017 to 40.2 percent in FY 2018. The operating performance of the company in the first quarter of 2019 has been solid, and the company finished its Q1 2019 with operating utilization at 64 percent, up from 62 percent at the start of the quarter. In the past six months, the share price of Emeco Holdings witnessed a fall of 47.36 percent as on 4 January 2019. EHL’s shares traded at $2.090 with the market capitalization of circa $612.49 million as on 7 January 2019 (AEST 4:00 PM).

BHP Group Limited (ASX: BHP)

Global resources company, BHP Group Limited (ASX: BHP) witnessed an increase of 3.026 percent on ASX today. In December 2018, the company declared a special dividend of US$1.02 per share which will be paid on 30 January 2019. In December 2018, the company completed its Off-Market Buyback of 265.8 million shares of BHP Group Limited. Together with the special divined distribution, this Off-Market Buyback will help BHP to return the net proceeds from the sale of its Onshore US assets to its shareholders.

In the past one year, the share price of BHP Group increased by 10.06 percent on ASX as on 4 January 2019. BHP’s shares traded at $34.390 with a market capitalization of circa $98.33 billion as on 7 January 2019.

Syrah Resources Limited’s (ASX: SYR)

Minerals and technology company, Syrah Resources Limited’s (ASX: SYR) shares increased by 9.772 percent on ASX today. In December 2018, the company inked a binding term sales agreement with Qingdao Langruite Graphite Co. Ltd. for the supply of a minimum of 48,000 tonnes of natural graphite from Balama in 2019 with an additional 12,000 tonnes at Syrah’s option.

Australian-based industrial minerals and technology company, Syrah Resources currently owns the Balama Graphite Project in Mozambique, and it is currently developing its downstream Battery Anode Material (BAM) project in Louisiana, USA.  In the last one year, the share price of Syrah Resources witnessed a fall of 67.34 percent as on 4 January 2019. SYR’s shares traded at $1.685 with a market capitalization of circa $527.43 million as on 7 January 2019.


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