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

The S&P/ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.10% on Thursday.
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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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The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.10% on Thursday.

Australian Dollar ($A) (AUDUSD): 70.96US cents

Dow Jones (DJI): down 0.27%

Oil (WTI): $US57.19 per barrel

Gold: $US1,314 per ounce

ASX Sharemarket News

In ASX sharemarket news, investors will get the chance to react further to the release of Retail Food Group Ltd’s (ASX: RFG) result for the first half of FY19.

Retail Food Group reported an ‘underlying’ net profit of $6.6 million, which fell by 73% compared to last year.

The reported statutory result was a loss of $111.1 million, which worsened by 26.5%. This loss recognises $123.7 million of non-cash impairments, write-downs and provisioning, although the company probably did pay cash at some point in the past for the items it’s now reducing in value.

Retail Food Group Executive Director Peter George said: “The 1H19 results show that the Group has gone some way towards clearing the decks and stabilising the performance of the continuing operations, although a lot of work remains to be done to ressurect the financial health and performance of the business.”

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IT wholesaler Dicker Data Ltd (ASX: DDR) was another business to report late yesterday afternoon. This was its year-end report to 31 December 2018.

Dicker Data revenue increased by 14.4% to $1.49 billion, net operating profit before tax grew by 16% $46.6 million and net profit after tax (NPAT) increased by 20.5% to $32.5 million.

Dicker Data had already announced that the dividend was 20.2% higher than 2017 to 20.2 cents per share.

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Future Generation Investment Company Ltd (ASX: FGX) reported its own result late yesterday, showing a 4.5% increase of the dividend compared to the previous year based on an operating profit after tax of $23.2 million.

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