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ASX 200 (XJO) 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) fell by 0.79% on Tuesday.

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.79% on Tuesday.

Australian Dollar ($A) (AUDUSD): 67.77US cents

Dow Jones (DJI): down 0.66%

Oil (WTI): $US56.34 per barrel

Gold: $US1,496 per ounce

ASX Sharemarket News

In ASX sharemarket news, A2 Milk Company Ltd (ASX: A2M) has revealed its FY19 result.

Total revenue rose by 41.4% to NZ$1.3 billion, EBITDA (click here to learn what EBITDA means) went up by 46.1% to NZ$413.6 million and net profit after tax (NPAT) increased by NZ$287.7 million.

The company increased its market share in all of its operating regions. It increased the number of stores it’s sold in the US by 118% to 13,100 stores.

However, A2 Milk decided to close its UK liquid milk operations because management thought it would be better to concentrate on the US and China.

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Corporate Travel Management Ltd (ASX: CTD) is another business to report its result to the market this morning.

In FY19, total transaction value (TTV) increased by 30% to $6.46 billion with a higher market share in all of its operating regions.

Underlying EBITDA climbed 20% to $150.1 million, which was at the top end of its guidance whilst statutory net profit grew by 12% to $86.2 million.

The Corporate Travel Board decided to declare full year dividends of 40 cents per share, an increase of 11%.

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Auto parts business Bapcor Ltd (ASX: BAP) was another business to report today. Continuing operations revenue rose by 4.8% to almost $1.3 billion, pro forma continuing EBITDA went up by 9.8% to $164.6 million and pro forma continuing net profit after tax (NPAT) increased by 9%.

Thanks to the quite solid result, Bapcor decided to increase its dividend by 9.7% for the year to 17 cents per share.

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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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