Among the Index dominators, blue chips had been on a downslide with BHP, Rio Tinto, and Telstra, particularly being softer in terms of price movements. Rio Tinto is down the most to $70.920 by -0.811 percent; On the upside CSL is climbing again by 0.641%, now at $212.00 per share as at September 10, 2018. BHP on the other hand dropped a little to $31.240 down by -0.192% and TLS to $3.110 down by -0.639%.
BHP BILLITON LIMITED (ASX: BHP) - BHP will buy around 6.1 percent interest in SolGold and stakes of 103.1 million shares are acquired in London listed SolGold from Guyana Goldfields Inc for 27.4 million pounds or $35.2 million. BHP has also acquired four exploration licenses and secured rights by pitching an $US 80 million exploration work program. The purchase also triggered a surge in the price of SolGold’ London shares. With BHP, Newcrest competed to increase their stake in the company SolGold. The stock has undergone a performance change of 14.53% over the past 1 year. The group has a price to earnings ratio (P/E) of 33.240 and an earning per share (EPS) 0.942 AUD which implies better growth in the future.
RIO TINTO LIMITED (ASX: RIO) - The latest plunge could be attributed to the US class action which was launched against RIO and executives over the Guineagate affairs. Driven by higher pricing and increased volumes, the underlying EBITDA has increased from $9.0 billion in H1 2017 to $9.2 billion in H1 2018. Another focus was potential aluminum expansion and productivity and costs across all its business units for the miner. RIO invested $1.4 billion in high return growth, along with disciplined capital allocation and is well positioned for long term growth. The stock has undergone a performance change of 4% over past 1 year. The P/E of the company is 9.800 and the EPS stands at 7.299 AUD which reflects a better performance when compared to peers.
TELSTRA CORPORATION LIMITED (ASX: TLS) - Telstra has lately revised FY19 guidance in view of the nbn Corporate Plan 2019. The company believes while building support to the rollout of 5G mobile technology, the appointment of Christian Von Reventlow will be key to delivering accelerated growth in Telstra’s 2022 strategy. Telstra chief executive Andy Penn tells that Telstra’s integrated product and technology roadmap would be driven by the new head Mr. Von Reventlow. It came just after Telstra’s revised guidance hit $100 million cut in its expected earnings ahead of lower than expected number of premises being ready for and activated to the NBN connection. The stock has undergone a performance change of -14.06% over past 1 year. Telstra has a P/E ratio of 10.430 and EPS of 0.300 AUD.
CSL LIMITED (ASX: CSL) – CSL growth has been positive in all regions across the globe. The company has reported an increase of revenue from $6,947 million in FY17 to $7,915 million in FY 18 which is an increase of 11% against the 2017 numbers. On the same line EBIT has increased from $1,779million in FY 17 to $2,380 million in FY18 posting a change of 33% against the previous year. The strong demand for company’s recombinant and plasma products is expected to go ahead in FY 2019. As a result, the group expects an increase of 9% in the revenue for FY 2019 and NPAT to increase between 10% and 14% of the FY18 number. The company has posted decent results and upbeat guidance for the upcoming year. The stock has undergone a performance change of 60.86% over past 1 year. CSL has a high P/E ratio of 40.740 and EPS of 5.171 AUD and one can expect better future growth.
Daily Price Movement for BHP, RIO, TLS and CSL; Source: Thomson Reuters
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