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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 1.09% 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) rose by 1.09% on Friday.

Australian Dollar ($A) (AUDUSD): 67.99US cents

Dow Jones (DJI): up 1.21%

Oil (WTI): $US54.70 per barrel

Gold: $US1,488 per ounce

ASX Sharemarket News

In ASX sharemarket news, Santos Ltd (ASX: STO) has announced that it is acquiring the northern Australian interests of ConocoPhillips.

It will gain operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon for US$1.39 billion.

The acquisition is fully funded from existing cash resources and new committed debt. It’s expected to add 16% to profit / earnings per share (EPS) in 2020.

It’s expected to increase production by 25%.

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Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) announced two things this morning. It said it is releasing a new OSA mask in the USA and it also upgraded its guidance based on this release.

The healthcare company has increased its operating revenue forecast from $1.17 billion to $1.19 billion. Net profit guidance has been upgraded from a range of $245 million to $255 million, to the new range of $245 million to $265 million.

Fisher & Paykel Healthcare Corp CEO and Managing Director Lewis Gradon said:

“We have had an ongoing strong start to the year in our Hospital product group and our new OSA mask, Vitera, has been well received in Australia, Canada, New Zealand and Europe.

“Clearance of Vitera for sale in the US this month is sooner than we had previously guided and this has been a meaningful contributor to the increase in our guidance.”

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WAM Active Limited (ASX: WAA) has announced its intention to make a takeover bid for Keybridge Capital Limited (ASX: KBC)

The takeover is an all cash bid of $0.069 for each share.

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