The February reporting season is coming to an end and I think now is a great time for investors who have been taking a 'wait and see' approach to take some action.
Luckily, there are a number of attractive opportunities that investors could consider today, including:
Star Entertainment Group Ltd (ASX: SGR)
The casino and entertainment company reported a relatively subdued first-half result, but it did note that domestic trading has gained momentum since the start of January. This, along with the recent opening of newly refurbished areas within its Sydney and Gold Coast properties, should set the company up for a strong full-year result. At under $5 a share, I think Star Entertainment looks quite good value and provides investors with exposure to the growing tourism industry.
Vocus Group Ltd (ASX: VOC)
The Vocus share price enjoyed a brief short-covering rally following its first-half results, but the shares have since failed to maintain any positive momentum. Despite this, the company made good progress on a number of key issues and while some investors may have been disappointed with the company's decision not to increase its interim dividend, I still think Vocus offers the best risk-reward proposition in the telecommunications sector at the moment.
APN Outdoor Group Ltd (ASX: APO)
2016 was a turbulent year for APN Outdoor shares but the company still managed to generate double-digit revenue growth and record profits. Its proposed merger with oOh!Media Ltd (ASX: OML) could be a game-changer for the sector and while it is not guaranteed at this point, I still think the shares offer good value as a stand-alone prospect. The outdoor advertising sector is growing strongly on the back of a digital revolution and APN Outdoor is well placed to capitalise on this opportunity.
Ramsay Health Care Limited (ASX: RHC)
The Ramsay Health Care share price took a pretty big tumble last week after the resignation of its CEO, Chris Rex, overshadowed another quality result from the private health care company. In fact, the company upgraded its FY17 guidance on the back of the strong result with expectations that core earnings per share will now grow by 12%-14%. The market is understandably nervous about the short term uncertainty management changes can create, but I believe the company's long term story remains well-and-truly intact and the recent dip has presented a good buying opportunity for longer term investors.
