Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange at close on Wednesday:

FMG - FORTESCUE METALS GROUP - down four cents, or 1.67 per cent, at $2.36

Fortescue Metals reportedly set up a Singapore company that could perform the same role as BHP Billiton and Rio Tinto's controversial marketing hubs.

HIL - HILLS GROUP - down three cents, or 4.84 per cent, at 59.0 cents

Hills Group boss Ted Pretty has left the revamped technology company and will be replaced by chief operating officer Grant Logan.

PRG - PROGRAMMED MAINTENANCE SERVICES - up nine cents, or 3.53 per cent, at $2.64

Programmed Maintenance Services's full year profit dropped almost 16 per cent due to restructuring costs and weaker earnings from its resources and workforce divisions, but the profit was above market expectations.

SUN - SUNCORP - up two cents, or 0.15 per cent, at $13.42

Suncorp expects to reap more than $170 million in benefits within three years from a $75 million investment in its operating systems.

TGA - THORN GROUP - up one cent, or 0.34 per cent, at $2.91

The financial services company behind Radio Rentals, Thorn Group, has lifted its annual profit 8.7 per cent and expects a further boost from government tax breaks for small businesses.


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