Hot Stocks: Wesfarmers, Telstra, Tabcorp, PVW Resources

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Wesfarmers (ASX:WES) reported a 3.6% revenue increase for the half-year ending 31 December 2024, with net profit after tax (NPAT) up 2.9%. The company declared a fully franked interim dividend of 95 cents per share, up 4.4%. Strong performances from Bunnings, Kmart Group, and Officeworks contributed to growth, while Wesfarmers Health and WesCEF saw mixed results due to supply chain costs and lower commodity prices. Shares are trading 2.6% higher at $78.59.

Telstra (ASX:TLS) reported a 7.1% increase in profit for the half-year ending 31 December 2024, with EBITDA up 6% to $4.2bn. Revenue rose 1.5% to $11.6bn, driven by growth in mobile and infrastructure services, while enterprise and international segments declined. Cost reductions and price increases helped offset inflationary pressures. Telstra reaffirmed its FY25 guidance, with continued focus on earnings growth, capital discipline, and infrastructure investment. Shares are trading 4.85% higher at $4.11.

Tabcorp (ASX:TAH) reported 10.1% revenue growth for the half-year ending 31 December 2024, with EBITDA up 12% and EBIT surged 85.4%. The company attributed its performance to cost discipline, improved wagering and media operations, and benefits from the reformed Victorian Wagering and Betting Licence. Shares are trading 8.4% higher at 71 cents.

PVW Resources (ASX:PVW) has reported strong initial exploration results from its rare earth project in Brazil. Drilling has identified thick and shallow mineralisation, with 94% of tested holes returning rare earth oxide (TREO) concentrations above 500 ppm, reaching up to 3,267 ppm. The mineralisation remains open, indicating further potential. Next steps include additional drilling, metallurgical testing, and refining exploration strategies across PVW’s broader Brazilian portfolio. Shares are trading 50% higher at 1.8 cents.