Stocks to watch at noon on Wednesday

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

AHY - ASALEO CARE - up 3.25 cents, or 1.75 per cent, at $1.8875

The company behind Sorbent toilet paper and Libra tampons is on track to increase its profit this year.

BHP - BHP BILLITON - down 47.0 cents, or 1.54 per cent, at $30.13

BHP Billiton has shrugged off price worries to lift iron ore production guidance for this year by two per cent to 250 million tonnes but has delayed growth beyond that.

BOL - BOOM LOGISTICS - down 1.25 cents, or 9.61 per cent, at 11.75 cents

Boom Logistics, a major supplier of cranes to mining companies, is warning shareholders of a big dip in profit during the second half of the financial year.

DXS - DEXUS PROPERTY GROUP - down 21.5 cents, or 2.85 per cent, at 7.335

Dexus has raised $400 million from the issue of new securities to institutional investors, and plans to raise a further $50 million from securityholders to fund new investments.

NAB - NATIONAL AUSTRALIA BANK - down 43.5 cents, or 1.13 per cent, at $38.145

National Australia Bank is poised to sell off another chunk of its holding in US agribusiness bank Great Western Bancorp.

PNA - PANAUST - steady, at $1.735

Gold and copper miner PanAust has lifted its full year product forecasts as it fends off a $1.1 billion takeover approach from a state-owned Chinese company.

RHC - RAMSAY HEALTH CARE - down 3.00 cents, or 0.05 per cent, at $64.87

International hospital provider Ramsay Health Care has agreed to lease Vital Healthcare Property Trust's Allamanda Private Hospital for the next 21 years.

SGT - SINGAPORE TELECOMMUNICATIONS - down 2.5 cents, or 0.60 per cent, at $4.145

The Singapore-based company behind telco Optus has received approval to remove itself from the Australian share market.

Market Data

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