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S&P/ASX 200 To Open Lower, 3 ASX Shares To Watch

The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 0.35% on Thursday.

The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down 0.35% on Thursday.

Australian Dollar ($A) (AUDUSD): 70.97US cents

Dow Jones (DJI): down 0.40%

Oil (WTI): $US56.84 per barrel

Gold: $US1,323 per ounce

ASX Sharemarket News

In ASX sharemarket news, Auckland International Airport Limited (ASX: AIA) has reported its half year report to December 2018.

Income grew by 11.5% to $370.6 million but reported profit fell by 11.3% to $147.2 million, partly due to a large decrease in depreciation. Auckland Airport has declared a dividend 2.3% higher to 11 cents per share.

Auckland Airport Chairman Patrick Strange said: “We are starting to see the early benefits of our multi-billion, inter-generational aeronautical programme delivering significant new capacity, resilience and choice for our customers, airline and operational partners.” 

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MyState Limited (ASX: MYS) is another one to have reported its half year result to December 2018.

The Tasmanian-based financials business said that revenue from operations fell 3.1% to $62.7 million and net profit fell by 9% to $15.8 million. Mystate decided to pay a consistent dividend of 14.25 cents per share.

MyState said the reason for the profit decline was due to higher funding costs as well as investing to deliver a new platform that will hopefully drive growth of its funds management division.

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Hansen Technologies Limited (ASX: HSN) has reported its half year result to December 2018.

The utility software business said that compared to the first half of FY18: operating revenue declined by 5% to $112.4 million, EBITDA fell by 16% to $28.5 million (click here to learn what EBITDA means) and net profit dropped by 28% to $12.9 million.

Hansen CEO Andrew Hensen said: “First half 2019 was a pleasing result. While the revenue was down on 1H18 due to lower non-recurring, it was consistent with 2H18.”

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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