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Asia Stocks to Watch News and commentary about the Asian stocks you need to know about today Search Asia Stocks to Watch2 April 18, 2017, 12:55 A.M. ET Aurizon: Cuts Earnings, Volume Guidance By Robert Guy Australian rail freight operator Aurizon ( AZJ.AU ) has cut its guidance for coal volume and earnings in the wake of Cyclone Debbie.The stock was placed in a trading halt earlier today. Aurizon coal train crossing the Hunter River in Singleton Photo: Aurizon The companys rail operations in Queensland were affected by the rain and flooding associated with Cyclone Debbie. Aurizon now expects to haul between 190 million tonnes and 200 million tonnes of coal on its Central Queensland Rail Network compared to earlier guidance of between 200 million tonnes and 212 million tonnes. The volume impact will hurt its earnings. Heres what the company is forecasting (all in Australian dollars): Aurizon expects total FY2017 EBIT reduction of $100115 million as a result of Cyclone Debbie impacts, of which approximately $70-80 million will be recovered through regulatory processes in future years. Accordingly, Aurizon has revised its previous EBIT guidance for FY2017 of $900-950 million to $800-850 million. As noted above coal haulage volumes are now expected to be in the range of 190-200 million tonnes. Heres a take on the downgraded guidance from RBC Capital Markets analyst Paul Johnston: Overall, it is a negative announcement, but likely to have been largely anticipated by the market.
Strengths Possesses outstanding instincts from the safety position and also has the ball skills teams love for a center field type of player. Take direct paths to the ball and ball carrier while also possessing great timing to meet the receiver when the ball does. Experience playing in the slot and is not afraid to overlap when he feels the ball may be coming his way. Proved during both the NFLPA and Senior Bowls that he will be a playmaker at the next level. Production in terms of interceptions and big plays was through the roof during his time in college. Rushed downhill and will always go for the sure leg tackle when pursuing the ball carrier. Also possesses the ability to be a punt and kick returner if needed. Weakness Lacks the size many look for in a center field type of safety. click nowWill struggle to match up and outleap many of the leagues taller receivers. Will need to add weight if he wants to remain a physical presence on the field. Quicker than he is fast.
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