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ASX 200 (XJO) 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) rose by 0.82% on Wednesday.
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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) rose by 0.82% on Wednesday.

Australian Dollar ($A) (AUDUSD): 67.86US cents

Dow Jones (DJI): up 0.93%

Oil (WTI): $US55.89 per barrel

Gold: $US1,504 per ounce

ASX Sharemarket News

In ASX sharemarket news, Medibank Private Limited (ASX: MPL) has reported its FY19 result.

The private health insurer’s revenue grew by 2.9% to $6.66 billion. Operating profit from continuing operations rose by 1.9% to $528.5 million.

Net profit from continuing operations grew by 3.2% to $437.7 million. Medibank grew the dividend at the same pace, the Board increased the FY19 dividend by 3.1% to 13.1 cents per share.

Medibank expects flat overall growth of the private health insurance market and to stabilise Medibank brand volumes by FY20 and grow in FY21.

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Qantas Airways Limited (ASX: QAN) has also released its FY19 result this morning to investors.

Underlying profit before tax fell by 17% to $1.3 billion and statutory profit before tax fell 6% to $1.27 billion.

However, Qantas did manage to achieve record revenue for the year with statutory profit/earnings per share flat on last year thanks to a share buy back.

Qantas CEO Alan Joyce said: “This result shows the strength of our individual businesses but also the strength of our portfolio as a whole. Even with headwinds like fuel costs and foreign exchange, we remain one of the best performing airline groups in the world.”

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Webjet Limited (ASX: WEB) is another company to report its result this morning. It showed 27% growth of total transaction value (TTV) to $3.8 billion and revenue growth of 26% to $366.4 million.

Net profit after tax before acquisition amortisation (AA) increased by 46% to $81.3 million.

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