Top 10 Stocks
Australian Securities Exchange Index ASX 50
April 22, 2016

Top 10 Stocks from the purely finance fact-based Obermatt Method for the investment strategies Value, Growth and Safety in the stock index Australian Securities Exchange Index ASX 50 from April 22, 2016 (other Top 10 Stocks):

ASX 50 Top 10: Value Investment Strategy

TOP 10 Value	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. Incitec Pivot (L, AU) ★	Diversified Chemicals	100	100	88	100
2. WorleyParsons (L, AU) ★	Oil & Gas Equipment	97	88	8	80
3. ANZ Banking (XXL, AU) ★	Diversified Banks	96	17	100	100
4. Woodside Petroleum (XL, AU)	Oil & Gas Production	92	73	76	100
5. MGL (XL, AU) ★	Investment Banking & Brokerage	92	100	1	100
6. National Australia Bank (XXL, AU) ★	Diversified Banks	91	100	33	83
7. Toll (NA, AU) ★	Air Freight & Logistics	91	22	91	89
8. CCA (L, AU) ★	Soft Drinks	90	66	67	89
9. Lend Lease (L, AU) ★	Diversified Real Estate	82	13	40	73
10. Fortescue (XL, AU) ★	Steel	77	11	31	58

Published: April 22, 2016. Top 10s are published weekly by Top 10 schedule. (Obermatt Stock Update)

TOP 10 Growth	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. Incitec Pivot (L, AU) ★	Diversified Chemicals	100	100	88	100
2. National Australia Bank (XXL, AU) ★	Diversified Banks	91	100	33	83
3. Westfield Retail (XL, AU)	Retail REITs	69	100	50	79
4. MGL (XL, AU) ★	Investment Banking & Brokerage	92	100	1	100
5. Westpac (XXL, AU) ★	Diversified Banks	62	100	14	17
6. Oil Search (L, PG)	Oil & Gas Production	12	98	12	8
7. Transurban (L, AU) ★	Highways & Railtracks	5	98	9	8
8. APA (L, AU)	Gas Utilities	16	96	4	11
9. Iluka Resources (M, AU)	Diversified Metals & Mining	67	91	17	60
10. WorleyParsons (L, AU) ★	Oil & Gas Equipment	97	88	8	80

Published: April 22, 2016. Top 10s are published weekly by Top 10 schedule. (Obermatt Stock Update)

TOP 10 Safety	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. ANZ Banking (XXL, AU) ★	Diversified Banks	96	17	100	100
2. James Hardie (L, IE)	Construction Materials	71	53	98	86
3. Toll (NA, AU) ★	Air Freight & Logistics	91	22	91	89
4. Incitec Pivot (L, AU) ★	Diversified Chemicals	100	100	88	100
5. Wesfarmers (XXL, AU) ★	Hypermarkets, Super Centers	69	67	78	94
6. AGL (XL, AU) ★	Multi-Utilities	22	30	77	27
7. Woodside Petroleum (XL, AU)	Oil & Gas Production	92	73	76	100
8. GPT (L, AU)	Diversified REITs	73	86	72	100
9. CCA (L, AU) ★	Soft Drinks	90	66	67	89
10. Goodman (L, AU)	Industrial REITs	7	63	66	15

Published: April 22, 2016. Top 10s are published weekly by Top 10 schedule. (Obermatt Stock Update)

TOP 10 Combined	INDUSTRY	VALUE	GROWTH	SAFETY	COMBINED
1. Incitec Pivot (L, AU) ★	Diversified Chemicals	100	100	88	100
2. Woodside Petroleum (XL, AU)	Oil & Gas Production	92	73	76	100
3. GPT (L, AU)	Diversified REITs	73	86	72	100
4. ANZ Banking (XXL, AU) ★	Diversified Banks	96	17	100	100
5. MGL (XL, AU) ★	Investment Banking & Brokerage	92	100	1	100
6. Wesfarmers (XXL, AU) ★	Hypermarkets, Super Centers	69	67	78	94
7. CCA (L, AU) ★	Soft Drinks	90	66	67	89
8. Toll (NA, AU) ★	Air Freight & Logistics	91	22	91	89
9. James Hardie (L, IE)	Construction Materials	71	53	98	86
10. Woolworths (XXL, AU) ★	Food Retail	47	29	58	86