Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, March 25:

KMD - KATHMANDU - down 19.5 cents, or 12.4 per cent, at $1.375

Outdoor equipment retailer Kathmandu has warned that second half sales are below last year's, with consumer discretionary spending weak as it swings to a first half loss.

MYR - MYER - up 0.5 cents, or 0.4 per cent, at $1.355

Myer has defended the timing of its profit downgrade, saying it told the market as soon as possible that its annual earnings would be weaker than expected.

NHC - NEW HOPE CORPORATION - up seven cents, or 2.8 per cent, at $2.55

Queensland resources group New Hope Coal has slumped to a $23.1 million first half net loss due to write-downs of its oil and gas assets.

QAN - QANTAS AIRWAYS - down five cents, or 1.6 per cent, at $2.99

Plans by Qantas and China Eastern to expand their alliance have come under a cloud after the competition watchdog expressed concern about it possibly leading to higher airfares.

TPM - TPG TELECOM - up 31 cents, or 3.5 per cent, at $9.14

IIN - IINET - down 19 cents, or 2.2 per cent, at $8.66

A solid lift in first half profit has put TPG Telecom on track to increase its full year earnings by up to a third.

WPL - WOODSIDE PETROLEUM - down 12 cents, or 0.3 per cent, at $35.41

Woodside Petroleum is cutting 300 jobs and freezing pay as the energy giant slashes expenditure following a plunge in the oil price.

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