BUY QANTAS (QAN) Recent share price weakness should be seen as a buying opportunity. QAN will provide a trading update when current buyback is done, with further buybacks expected. 
$3.00 CHALLENGER (CGF) Recent investor briefing centred on growth. Stock attractive at current levels with growth supported by government support for annuities products and shifts in asset allocation.
$9.13
HOLD CROWN RESORTS (CWN) Australian casinos are doing it tough, with soft WA economy hurting Crown Perth. Macau also challenging, with big competitors opening next year.
$11.65 SONIC HEALTHCARE (SHL) Regulatory risks remain and stock appears fully valued, with further upside catalysts unlikely and FY16 guidance to be towards the lower end of guidance.
$21.76
SELL ALS LIMITED (ALQ) Recent results came in weaker than forecast, again. The outlook is murky and while cost-cutting initiatives continue, pressure on revenues remains.
$5.26 AMCOR (AMC) The relative stability of AMC's emerging markets business appears to be weaker than previously thought. Price is too high and no buyback expected for next couple of years.$14.50