With the US government shutdown and Brexit uncertainty looming, the cautious moves on ASX pushed it higher with volatility sensitive buyers jumping into the market. Four mid-cap stocks rallying, and skyrocketing with their recent company updates are mentioned as follows:
WHITEHAVEN COAL LIMITED (ASX: WHC) – With Group TRIFR of 7.57 at the end of December 2018, the company maintained strong safety performance. On track to meet full-year production guidance of 22.0Mt to 23Mt saleable coal, the company reports a record quarterly ROM coal production of 7.4Mt and first half production of 11.0Mt.
For the first half, saleable coal production of 5.6Mt for the quarter and 9.6Mt for the half. Including purchased coal, coal sales are of 5.4Mt for the quarter and 10.3Mt for the first half. The stock price is trading higher by 3.744% at $4.710, and in the past year, the stock has seen a decline in performance of only 2.95%. The stock has an attractive P/E of 8.530 and EPS of 0.532 AUD.
ALUMINA LIMITED (ASX: AWC) – The company confirms for the Bauxite and Alumina segments, another strong quarter which includes most of the AWAC operations. Adjusted EBITDA for the Alumina Segment of $683 million which is primarily contributed by the higher alumina shipments during the quarter and A $9/t drop in the cost of alumina production. Current alumina price levels of around $385/t continue to underpin robust positive cash flows for AWAC with the alumina market remaining tight. The stock price is trading higher by 3.057% at $2.360, and in the past year, the stock has seen a decline in performance of 7.66%. The stock has an attractive P/E of 10.220 and EPS of 0.224 AUD.
HEALIUS LIMITED (ASX: HLS) – About the receipt of a non?binding and highly conditional indication of interest (the Proposal) from Jangho Hong Kong Holdings Limited, the board does not intend to pursue it further and does not support the Proposal as it is opportunistic and fundamentally undervalues the company. The company has begun several strategic initiatives that are expected to deliver significant operational improvements for earnings growth over the medium term and for benefits for patients and healthcare professionals alike. The stock price is trading higher by 2.583% at $2.780, and in the past year, the stock has seen a decline in performance of 20.43%. The stock has a very high P/E of 159.410 and EPS of 0.017 AUD.
AFTERPAY TOUCH GROUP LIMITED (ASX: APT) – The company advises the results of its 2018 Annual General Meeting by section 251AA of the Corporations Act 2001 and Listing Rule 3.13.2. The company is listed for approximately 2.5 years and has been there for less than four years in the market. The company is positioning well for one of the world’s largest economic and demographic shifts. The company has a lower loss of 1.5% compared to the other companies in the same industry. The company’s repeat customer behavior represents well over 90% of monthly GMV and remains robust. The stock price is trading higher by 2.371% at $14.250, with better financials like a 468% EBITDA change, and in the past year, the stock has seen a rise in performance of 82.68%.
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