Equity Research Coverage Reports

Oneall International Limited (ASX: 1AL) - Outdoor Furniture - Global Player - 42 Countries
Thursday, April 6, 2017
We have assigned 1AL a target price of $1.32 per share. 1AL designs, manufactures and distributes outdoor furniture around the world. The company owns and operates its manufacturing facility in Guangdong, China, where the company’s key products are produced.
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Todd River Resources Limited (ASX: TRT) - Cashed Up Diversified Explorer - Spin off TNG Ltd - NT
Wednesday, April 5, 2017
Todd River Resources (ASX: TRT, Todd River or“the Company”) is a Northern Territory explorer, with a diverse portfolio of greenfields to advanced exploration and near development assets over a wide range of prospective geological settings, including those with known world-class deposits. Having recently listed on the ASX via an oversubscribed spin out from TNG limited, Todd River is well cashed up, with ~$5.5 million in the bank.
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US Masters Residential Property Fund (ASX: URF) -US Residential Property - Increased Costs Overshadow Improved Revenue -
Monday, April 3, 2017
The Company reported a net loss after tax of $45.1m on the back of increasing costs. Revenue continued to improve, up 33.4% on the pcp, driven by increased rental income. Rental income continues to improve as the number of properties leased increases. The Fund reported a loss before tax of $27.0m, its first full year loss before tax since listing in 2012.
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Hastings Technology Metals Limited (ASX:HAS) - Near Development Rare Earths - WA - Price Target at $0.136
Tuesday, March 28, 2017
With combined neodymium and praseodymium (commonly referred to jointly as “didymium”) grades of ~0.4%, or 33% of the total rare earths oxide ("TREO") grade of 1.18%, Yangibana has a relatively high content of these two rare earths oxides (“REO”) that are considered to provide the strongest growth potential in the rare earths space over the short to medium term.
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Spring FG Limited (ASX: SFL) - Highly Complimentary Acquisition
Thursday, March 23, 2017
Spring FG (ASX: SFL) has announced the acquisition of financial service organisation Financial Choice Pty Ltd for a total commitment of $4.8M. While Financial Choice provides a range of financial services, SFL has more extensive capabilities related to financial management including property, taxation, mortgage and insurance services. We expect SFL to enhance the revenue stream of the merged group over time by cross selling its product suite.
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