BUY Village Roadshow (VRL) Following the recent sell-off, VRL is trading on a forward P/E of under 18x while offering a grossed up dividend yield of 6 per cent. 
$6.79 Macquarie Group (MQG) MQG has been in upgrade mode for a number of years, driven by a falling Australian dollar as well as strong contributions from acquired assets.
$73.46
HOLD BT Investment Management (BTT) For the period ended   December 31, 2015, BTT reported net outflows from the Australian BTIM business, and net inflows of $0.9bn into UK-based JOHCM.
$10.56 BHP Billiton (BHP) If you haven't sold, don't. Post the latest soft production numbers and shale writedowns, it appears upside now outweighs downside, which is largely priced in.
$15.26
SELL Scentre Group (SCG) SCG materially outperformed peers in the second half of 2015. On the back of high-quality assets and reliable defensive income, the share price has run too hard.
$7.34 Challenger (CGF) Weak financial markets and a tougher credit environment make me uncomfortable with a share price that looks far from cheap.$4.23