A Quick Look At These Three Stocks- DMP, CWN, MYR

  • Apr 28, 2019 AEST
  • Team Kalkine
A Quick Look At These Three Stocks- DMP, CWN, MYR

DMP, CWN, MYR forms a part of the Consumer Discretionary sector. As per S&P/ASX 200 Consumer Discretionary, the index shows a growth of 1.89% as on 23 April 2019.

Let’s have a quick glance at these three stocks DMP, CWN and MYR:

Myer Holdings Limited (ASX: MYR):

Myer Holdings Limited is a company from the Consumer Discretionary sector that operates a portfolio of several department stores across Australia. The first Myer store was opened by Sidney Myer and his brother Elcon in 1900 in Bendigo, and by 2018, the company launched its new website to streamline the shopping experience of the customer.

In the last six months, the shares of MYR have generated a return of 41.84%. The stock generated an improved YTD return of 65.48%.

In the half-year period ending 26 January 2019, the total sales from the ordinary activities were down by 2.8% to A$1,671.352 million as compared to the previous corresponding period (pcp). The net profit after tax before restructuring, store exit Myer Holdings cost, and impairment of asset increased by 3.1% to A$41.277 million on pcp. There was an increase in the online and omnichannel sales by 18.6% to $151.2 million. There was an increase in the operating cash flow by $8 million to $173 million. The total net debt of the company declined by $57 million.

By the end of the trading session on 26 April 2019, the closing price of the company’s stock was A$0.697 up by 0.288% as compared to its previous closing price. Myer Holdings has a market capitalization of A$570.79 million and approximately 821.28 million outstanding shares.

Domino's Pizza Enterprises Limited (ASX: DMP)

Domino's Pizza Enterprises Limited is a food retailer operating pizza chain that comprises of both franchisee’s as well as company-owned corporate stores from the Consumer Discretionary sector. Domino's Pizza, Inc is the owner of the Domino's brand which is a listed US company. It is the leading global Domino's franchise, and it extends across nine countries with more than 2,450 stores.

Recently, on 10 April 2019, the company announced that it had executed a binding agreement to acquire Master Franchise Rights for Domino’s Pizza in Denmark, as well as the corporate store assets that were earlier owned by Domino's Pizza Scandinavia.

On 5 April 2019, the company in its investor presentation highlighted the growth in the sales of Domino's Pizza Japan, by taking the market share within the pizza category.

Let's quickly look at how the company had performed in the 1H FY2019. During the period, the company’s revenue from the ordinary activities increased by 23.7% to $702 million. The company made a net profit of $53.3 million, down by 9.2% as compared to the previous corresponding period. The company declared an interim dividend of 62.7 cents per share.

The stock has given a positive YTD return of 10.22%. The shares of DMP last traded at A$45.920 (as on 26 April 2019), down by 4.325% as compared to its previous closing price. DMP holds a market capitalization of A$3.84 billion and approximately 85.63 million outstanding shares.

Crown Resorts Limited (ASX: CWN)

Crown Resorts Limited is an international casino as well as a gaming entity. It has businesses and investments in main global markets. Crown Resorts is one of the largest entertainment groups in Australia. It also contributes to tourism, employment, training and social responsibility programs in Australia. The core business and the investment of the group is in the integrated resorts sector.

The stock has given a decent YTD return of 14.96%. Let’s have a look at the recent updates of the stock.

On 9 April 2019, the company had announced that it was under the discussions with Wynn Resorts Limited regarding the Wynn’s proposal, to acquire Crown by the scheme of arrangement for a combination of cash and Wynn shares. However, the discussions got terminated by Wynn, as announced on 10 April 2019.

On 20 February 2019, the company along with its JV partner, The Schiavello Group had formally applied for an extension, to the construction commencement date, to the Victorian Government for the proposed One Queensbridge project. However, the request to extend the construction commencement date for the proposed One Queensbridge Project from the JV partners (The Schiavello Group and Crown Resort) got refused by the Victorian Government on 4 March 2019.

Let’s also look at the half-yearly results of Crown Resorts for the period ended 31 December 2018. There was an increase in normalized net profit after tax by 0.9% to $194.1 million attributable to the parent company. The EBIT during the period was up by 0.4%. The company declared an interim dividend of 30 cents per share.

The shares of the CWN last traded at A$13.47 (as on 26 April 2019), up by 0.149% as compared to its previous closing price. CWN holds a market capitalization of A$9.11 billion with approximately 677.16 million outstanding shares and a PE ratio of 18.65x.


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