PRE-MARKET AUSTRALIAN NEWS:

BHP Billiton (BHP AU) FY 2017 underlying net profit USD 6.73bln vs. Exp. USD 7.3bln, revenue USD 38.3bln vs. Exp. USD 38.3bln. Co. tripled dividend. Co. announced USD and EUR bond buyback with a USD 2.5bln cap. (Newswires)

Amcor Limited (AMC AU) FY 2017 underlying profit USD 701mln vs. Exp. USD 705mln. Revenue USD 9.bln (Prev. USD 9.4bln). (Newswires)

Virtus Health Limited (VRT AU) – FY 2017 net profit down 14.6% to AUD 28.1mln. (Newswires)

Oil Search (OSH AU) - H1 net USD 129.1mln. (Newswires)

Spotless (SPO AU) - Co. has named Dana Nelson as their new CEO. (Newswires)

Western Areas Limited (WSA AU) – FY 2017 net profit AUD 19.3mln (Prev. loss AUD 29.8mln. Revenue AUD 213.9mln. (Newswires)

Seven Group Holdings (SVW AU) – FY 2017 underlying net AUD 214mln. Co. announces they are to sell Westrac China to Lei Shing Hong. (Newswires)

Greencross (GXL) – FY 2017 net AUD 42.1mln vs. Exp. AUD 43mln. Revenue AUD 817.5mln vs. Exp/ AUD 827mln. (Newswires)

Northern Star Resources (NST AU) – FY 2017 net profit AUD 215.3mln vs. Exp. AUD 210mln. Revenue AUD 883.8mln vs. Exp. AUD 848mln. (Newswires)

Monadelphous Group (MND AU) – FY 2017 net profit AUD 57.6mln vs. Exp. AUD 57mln. Revenue AUD 1.25bln vs. Exp. AUD 1.25bln. (Newswires)

Aconex (ACX AU) FY 2017 net loss AUD 9.97mln (Prev. net profit AUD 5.7mln. Revenue AUD 161.2mln (Prev. AUD 123.4mln) (Newswires) .

Corporate Travel Management (CTD AU) – FY 2017 net profit AUD 54.6mln (Prev. AUD 42.1mln). Revenue AUD 326mln (Prev. AUD 265mln). (Newswires)  

Sydney Airport (SYD AU) H1 net profit AUD 167mln. (Newswires)

Goodman Group (GMG AU) – CEO Greg Goodman is effectively shorting the global property market by building a AUD 2.1bln cash war-chest ready to swoop on a downturn in asset prices. (AFR)

Coca Cola Amatil (CCL AU) – Co. could claw back market share in the lucrative bottled water market if rivals such as Asahi Schweppes and the supermarket chains raise prices on private-label and budget water to fully cover the cost of the container deposit scheme. (AFR)

Telstra (TLS AU) – JPMorgan downgrades to neutral from overweight. (Newswires)

 

Commodity Prices: Spot gold +0.7% to USD 1292.76 an ounce

Brent crude -2.3% to USD 51.50 a barrel

US oil -2.7% to USD 47.18 a barrel

Iron ore to +2.6% to USD 79.93 a tonne

Dalian iron ore +3.8% to CNY 604

Steam coal +0.1% to USD 98.35, Met coal +0.3% to USD 193.75

LME aluminium +0.9% to USD 2081 a tonne

LME copper +1.6% to USD 6586 a tonne

22 Aug 2017 - 00:25- Energy- Source: RANsquawk

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