Stocks to watch on the Australian stock exchange:
A2M – A2 MILK COMPANY – down $1.78, or 14.7 per cent, at $10.35
The A2 Milk Company expects full year revenue to rise as much as 67 per cent after a surge in the first nine months of the financial year.
CCL – COCA-COLA AMATIL – up 10.5 cents, or 1.2 per cent, at $9.065
Former AMP chairman Catherine Brenner will not seek re-election on the Coca-Cola Amatil board at next year’s annual general meeting, following the scandals involving AMP that were revealed at the banking royal commission.
CPU – COMPUTERSHARE – up 51 cents, or 2.9 per cent, at $18.34
Computershare says it has entered an agreement to acquire Equatex Group, a leading European employee share plan administration business, from Montagu Private Equity, within the next six months.
MYR – MYER HOLDINGS – up 2.75 cents, or 7.3 per cent, at 40.25 cents
Myer’s third quarter sales have dropped 2.7 per cent to $635.3 million, and unseasonably warmer weather is expected to hurt its profit in the fourth quarter.