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ASX 200 To Open Higher, 3 ASX Shares To Watch

The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.46% on Friday.
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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 ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.46% on Friday.

Australian Dollar ($A) (AUDUSD): 71.08US cents

Dow Jones (DJI): up 0.15%

Oil (WTI): $US63.38 per barrel

Gold: $US1,292 per ounce

ASX Sharemarket News

In ASX sharemarket news, New Zealand company Infratil Ltd (ASX: IFT), which provided investment valuations and an FY19 earnings guidance update.

The Kiwi business outlined that its Canberra Data Centres has a draft valuation range of NZ$841 million to NZ$942 million, Longroad Energy’s draft valuation is NZ$128 million and Tilt Renewables draft valuation range is NZ$650 million to NZ$785 million.

Infratil also advised that its underlying EBITDAF (click here to learn what EBITDA means) had been revised down from a range of NZ$580 million to NZ$620 million, to NZ$535 million to NZ$545 million.

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Financial technology business Praemium Ltd (ASX: PPS) will be under the spotlight this morning after it announced some good news and bad news.

The investment administration, managed account and financial planning technology platform company said that it has lost ANZ Private as a client, which currently accounts for 8% of revenue, or $4 million in 2018.

However, Praemium also said that during this year there was the renewal of the contract with Asgard Capital Management for up to six years with a minimum contract value of $3 million per year.

It also said that Morgan Stanley Wealth Management Australia and Shaw & Partners are now utilising all of the products of its fully integrated Managed Accounts platform.

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iCar Asia Ltd (ASX: ICQ) has announced that its first quarter cash receipts grew by 25% to $3.8 million compared to the previous year’s first quarter.

Unaudited revenue grew by 30% to $2.6 million. Malaysia and Thailand produced record positive EBITDA and net cashflow in the first quarter.

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