BHP, Centro, Citigold, Mirvac, Rio Tinto, Santos: Australian Stock Preview

The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed July 23. All prices are from that day’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in September rose 0.9 percent to 4,476 as of 6:56 a.m. in Sydney. The Bank of New York Australia ADR Index gained 1.4 percent. The S&P/ASX 200 Index increased 1.9 percent to 4,458.40.

Mining shares: Copper futures for September delivery rose for a fifth straight day, gaining 0.6 percent to $3.185 a pound in New York.

BHP Billiton (BHP AU), the world’s largest mining company, advanced 2.1 percent to A$39.68 in Sydney. Its American depositary receipts rose 1.1 percent in New York trading. Rio Tinto Group (RIO AU), the world’s third-largest mining company, increased 2.4 percent to A$69.86 in Sydney.

Oil companies: Crude oil for September delivery dropped from an 11-week high, falling 32 cents to settle at $78.98 a barrel on the New York Mercantile Exchange.

Woodside Petroleum Ltd. (WPL AU), Australia’s second- largest oil and gas producer, advanced 2.2 percent to A$41.92. Rival Santos Ltd. (STO AU) climbed 2.1 percent to A$13.84.

Centro Properties Group (CNP AU): The Australian property trust is seeking a partner to manage 50 shopping centers and buy part of the company’s equity in the syndicates holding them, the Australian newspaper reported, citing a document sent to prospective buyers.

Interested parties may include Colonial First State Global Asset Management, AMP Capital Ltd., Challenger Financial Services Group Ltd., Lend Lease Group and GPT Group, according to the report. Centro was unchanged at 14.5 Australian cents.

Charter Hall Office REIT (CQO AU): The property trust was downgraded to “neutral” from “overweight” at JPMorgan Chase & Co. by equity analyst Michael Scott. Charter Hall Office rose 2 percent to 25 Australian cents.

Citigold Corp. Ltd. (CTO AU): Zhaojin Mining Industry Co. said a unit is buying a 2 percent stake in Citigold Corp. in Australia for A$2 million. Zhaojin will continue talks for a “substantial position” in Citigold, the Chinese company said in a statement to the Hong Kong exchange. The gold exploration company surged 4.9 percent to 8.6 Australian cents.

Commonwealth Property Office Fund (CPA AU): The property trust was downgraded to “underweight” from “neutral” at JPMorgan. Commonwealth Property Office climbed 1.6 percent to 98 Australian cents.

Mirvac Group (MGR AU) and Westpac Office Trust (WOT AU): The sale of Westpac Office Trust units to Mirvac Group has been approved in the Supreme Court of New South Wales, Westpac said in a statement to the Australian stock exchange July 23. Mirvac increased 3.4 percent to A$1.355. Westpac Office advanced 2.4 percent to 85 Australian cents.

Toll Holdings Ltd. (TOL AU): CHAMP Private Equity is putting its fuel transport business, International Energy Services, up for sale, and may seek A$300 million to A$400 million, the Australian Financial Review reported in its Street Talk column. Interested groups include Toll Holdings, BIS Industrial Logistics, owned by Kohlberg Kravis Roberts & Co., and Linfox Group, according to the report. Toll advanced 2.1 percent to A$5.98.

To contact the reporters for this story: Lisa Pham in Sydney at lpham14@bloomberg.net. Shani Raja in Sydney at sraja4@bloomberg.net.

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