Two stocks that soared on ASX — Austal Limited and Mesoblast

Solid contracts at hand: Austal Limited (ASX: ASB) stock recovered over 12.8% on August 29, 2016 as the group came out with better than estimated performance, mainly driven by the USA operations. ASB reported a revenue fall of 5% to $1,339.970 million in fiscal year of 2016 as compared to $1,414.888 million in FY2015. But, the group’s USA operations revenues rose to $1,133.024 million during the period from $1,119.703 million in FY15. In fact, ASB is building a solid contract base which we believe would contribute to further stock rally. The group got contract to construct two additional Cape Class Patrol Boats for charter to the Royal Australian Navy from National Australia Bank in December 2015 while Littoral Combat Ship (LCS) 6 — USS Jackson finished ‘Full Ship Shock Trials’ post year end. LCS 8 USS Montgomery was also delivered to the US Navy in June 2016. Even two Expeditionary Fast Transport (EPF) ships EPF6, USNS Brunswick and EPF7, USNS Carson City were delivered to the US Navy. ASB got a $305 million contract from The Commonwealth of Australia to design and construct the Pacific Patrol Boat Replacement fleet of 19 meter vessels, to be gifted to 12 Pacific Island nations from 2018.

To read the complete report click here . To get your free report Click Here

Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people.Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation.Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product.The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright
Copyright © 2015 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence №425376.

Like what you read? Give KALKINE a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.