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 0.01% on Thursday.

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.01% on Thursday.

Australian Dollar ($A) (AUDUSD): 67.97US cents

Dow Jones (DJI): down 0.19%

Oil (WTI): $US58.13 per barrel

Gold: $US1,499 per ounce

ASX Sharemarket News

In ASX sharemarket news, New Zealand tech company Pushpay Holdings Ltd (ASX: PPH) has updated its guidance for the 2020 year.

Previously the company was expecting operating revenue of between US$122.5 million to US$125.5 million, and now it’s expecting it to be US$121 million to US$124 million.

The gross margin is still expected to be over 63%, but EBITDAF guidance (click here to learn what EBITDA means, the F stands for foreign currency) has gone from a range of US$18.5 million to US$20.5 million, to a new range of US$23 million to US$25 million thanks to cost efficiencies.

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Sydney Airport Holdings Pty Ltd (ASX: SYD) has revealed its August 2019 passenger traffic numbers.

Total passengers fell again by 0.1% due to a 1.3% decline in domestic passenger numbers. But international passengers continue to be the driving force for the airport, rising by 2%.

Sydney Airport CEO Geoff Culbert said: “Arrivals from the USA continue to be a highlight with double-digit growth year to date – this reflects good load factors on US routes and the continued attractiveness of Sydney to US travellers.”

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Retail outfit Premier Investments Limited (ASX: PMV) has reported its full year report today.

Revenue increased by 7.3% to $1.275 billion and net profit jumped by 27.7% to $106.8 million.

The Premier Board has declined a final dividend of $0.37 per share, bringing the full year dividend to $0.70 per share, an increase of 12.9%.

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