Alumina (AWC) Stock Recommendation

Alumina (AWC) has advised the market that CY06 earnings will fall in the range of A$565–585m, ~9% below the consensus estimate of A$635m and 6% below MRE's (Macquarie Research Equities) forecast of A$617m. MRE cautions investors not to overreact to such announcements and maintain the view that "investors should stock ~A$6.00 per share and lighten at over A$7.00 per share." MRE's Outperform recommendation for Alumina is maintained.

Alumina Limited is listed on the Australian Stock Exchange (ASX) under stock code AWC. You can view their investor website here. AWC was listed on the ASX on 31 October, 1961. Alumina has a joint venture interest in bauxite mining, alumina refining, alumina based chemicals and aluminium smelting via its 40 per cent interest in the series of operating entities of Alcoa World Alumina & Chemicals (AWAC). Read previous news and stock recommendations for Alumina (AWC)Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Check your charts and good luck with your share trading!