Stocks to watch at close on Wednesday April 24, 2013 - 4:25PM Stocks to watch on the Australian stock exchange at close on Wednesday: Troubled publisher APN News & Media is restructuring its digital and regional divisions' management as it tries to combat tough times in the newspaper industry. Troubled surfwear retailer Billabong has extended its exclusive takeover talks with the Sycamore consortium. Pallet provider Brambles has forecast that a strong final three months of the fiscal year will help it deliver an underlying profit above $US1 billion ($A978.52 million). PXS - PHARMAXIS LTD - down 16.5 cents, or 52.38 per cent, at 15 cents Shares in Pharmaxis have plummeted more than 40 per cent in early trading, after the drug developer reported disappointing results from its late-stage trial of its drug to treat bronchiectasis. Reef Casino Trust expects the number of Chinese tourists visiting Cairns to rise, which the company says will benefit the Cairns casino. Up to 150 jobs will go after struggling miner Tanami Gold became a casualty of the falling gold price. Singapore Airlines has lifted its stake in domestic airline Virgin Australia to 19.9 per cent, from 10 per cent. Woodside says it's committed to developing the Browse offshore gas resource after halting its onshore gas plant near Broome.