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ASX 200 To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 0.69% on Wednesday.

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 0.69% on Wednesday.

Australian Dollar ($A) (AUDUSD): 69.19US cents

Dow Jones (DJI): down 0.87%

Oil (WTI): $US59.16 per barrel

Gold: $US1,280 per ounce

ASX Sharemarket News

In ASX sharemarket news, Costa Group Holdings Ltd (ASX: CGC) is holding its annual general meeting and has provided updated profit guidance.

The company said that its EBITDA-SL for 2019 (click here to learn what EBITDA means) will be in a range of $140 million to $153 million compared to $125 million last year and net profit-SL will be in a range of $57 million to $66 million compared to $56.6 million last year.

Costa said that this result was below earlier expectations due to a fruit fly at the Impi farm which may require third party packing of 17,000 tones of citrus fruit and also due to higher water pricing.

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Restaurant Brands New Zealand Limited (ASX: RBD) has provided a first quarter trading update with an increase of sales of 1.6% to $128.8 million.

Each of its operating divisions produced pleasing same store sales growth in New Zealand, Australia and Hawaii of 4.9%, 6% and 8.4% respectively.

Taco Bell Hawaii produced a particularly good performance with sales up 8% to US$17.4 million.

Popular Stories:

AP Eagers Ltd (ASX: APE) continues to build its ownership of acquisition target Automotive Holdings Group Ltd (ASX: AHG).

The latest ASX notice of interest shows that AP Eagers now owns almost 39% of the large car dealership business. The idea is that the combined business will create a lot of useful economic synergies.

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Disclosure: Jaz owns shares of Costa at the time of writing, but this could change at any time.

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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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