HDF
Corporate Express (CXP) was the overall best performing shares taking in a 15.2 percent increase. Among the best performing companies for the past week (week 12 of 2008) on the Australian sharemarket were a mixture of financial service, business services and property investment: St George (SGB), AMP (AMP), QBE Insurance (QBE), Corporate Express (CXP), Abacus Properties (ABP). All the above best performing stocks for week12 managed more than 10 percent. Four of six best performing stock being financial institutions were the highlight of the trading week.
SB Citigroup have rated the Hastings Diversified Utilities Fund (HDF) stock as a Hold, High Risk with a share price target higher at $2.85 (from $2.80). Meanwhile UBS has a Neutral 2 recommendation with a share price target of $2.85. The result was solid in the stockbroker's eyes, however the trading price of the stock at around $2.85 is close to its target which determined their stock recommendation.
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