Stocks to watch

Stocks to watch on the Australian stock exchange:

AHG - AUTOMOTIVE HOLDINGS - down 17 cents, or 4.18 per cent, at $3.90

Retailer and logistics firm Automotive Holdings Group's first-half net profit has tumbled 19.8 per cent to $38.6 million on the back of Western Australia's economic downturn and a loss in its refrigerated logistics division.

BAL - BELLAMY'S AUSTRALIA LTD - down 17 cents, or 3.8 per cent, at $4.30

Troubled infant formula maker Bellamy's has reaffirmed its full year revenue guidance after reporting a 47 per cent drop in half-year profit.

BBG - BILLABONG INTERNATIONAL - down 3 cents, or 2.4 per cent, at $1.22

Struggling surfwear retailer Billabong's losses have widened to $16.1 million in the first half from a $1.6 million loss for the same period a year ago.

CAB - CABCHARGE - up 24 cents, or 6.63 per cent, at $3.86

Cabcharge has slumped to a half-year net loss of $106.75 million after accounting for a writedown in taxi plate licences, its holding in UK's cityfleet network, and impairments in existing operations. The company also declared a special dividend of 80 cents on top of its 10 cent interim payout.

CTD - CORPORATE TRAVEL MANAGEMENT LTD - up 24 cents, or 1.38 per cent, at $17.69

Corporate Travel Management's half-year net profit of $22.1 million is up 28 per cent from a year earlier, helped by higher transactions volumes and the impact of recent acquisitions.

GMA - GENWORTH MORTGAGE INSURANCE - up 1 cent, or 0.36 per cent, at $2.76

Genworth Mortgage Insurance expects underemployment and subdued wage growth to lead to increased delinquencies in regional Australia this year.

GNC - GRAINCORP - down 18 cents, or 1.95 per cent, at $9.06

Graincorp expects full-year earnings to rise by as much as two thirds and underlying profit to more than double after a record eastern Australian crop.

IPL - INCITEC PIVOT - down 14 cents, or 3.66 per cent, at $3.68

Fertiliser and explosives maker Incitec Pivot's managing director and chief executive James Fazzino has decided to step down from his role after 14 years with the company.

MGC - MURRAY GOULBURN - down 5.5 cents, or 5.64 per cent, at $0.92

Dairy processor Murray Goulburn says the price that dairy farmers receive for their milk may improve given better seasonal conditions, current commodity pricing, and benefits from cost-cutting initiatives that the co-operative is undertaking.

NWS - NEWS CORP - down 21 cents, or 1.19 per cent, at $17.40

News Corp chief financial officer Bedi A Singh will step down on March 1 and be replaced by Susan Panuccio, the current CFO of the organisation's Australian arm.

PRT - PRIME MEDIA - up 1.5 cents, or 5.08 per cent, at 31 cents

Rio Olympic Games advertising revenue has helped Prime Media Group lift first-half profit, but the television broadcaster forecasts a decline in ad revenue due to dwindling audiences and the growth of alternative technology platforms.

RCG - RCG CORPORATION LTD - down 24 cents, or 17.27 per cent, at $1.15

RCG Corporation, the owner of Athlete's Foot and Hype DC, cut its full-year earnings before interest, tax, depreciation and amortisation guidance despite a 31.7 per cent lift in first-half profit.

REG - REGIS HEALTHCARE - down 12 cents, or 2.59 per cent, at $4.52

Aged care provider Regis Healthcare says it is on track to meet its full-year earnings guidance, after lifting half-year profit by nine per cent.

SSG - SHAVER SHOP - down 9.5 cents, or 14.29 per cent, at 57 cents

Shaver Shop shares have tumbled nine per cent after it warned that earnings for its first financial year as a listed company could fall short of its prospectus forecast by as much as 18 per cent.

SUL - SUPER RETAIL GROUP - up 52 cents, or 5.34 per cent, at $10.25

Sport and leisure goods retailer Super Retail Group's first-half net profit has soared 65.7 per cent to $74.4 million compared to the previous corresponding period when it was hit with an impairment charge related to its Ray's Outdoors business.

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