Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

ASX 200 (XJO) today – the latest news from the Australian sharemarket

The S&P/ASX 200 (ASX: XJO) is expected to trade higher today. Making sharemarket news is Domino's Pizza Enterprises Ltd. (ASX: DMP), Orica Ltd (ASX: ORI) and Sonic Healthcare Limited (ASX: SHL).

The S&P/ASX 200 (ASX: XJO) is expected to trade higher today with the Sydney Futures Exchange pointing to a slightly positive open. Right now, the ASX 200 is priced 0.16% from its 52-week high of 7125.1.

Making investment headlines today is Domino’s Pizza Enterprises Ltd. (ASX: DMP), Orica Ltd (ASX: ORI) and Sonic Healthcare Limited (ASX: SHL).

Video: How the ASX 200 is calculated

If you need to scrub up on your knowledge of the markets, did you know you can take one of our free investing courses or subscribe to the Rask Australia YouTube channel? Both are free! 

Today’s Australian sharemarket news

1. Domino’s Pizza Enterprises Ltd.

Domino’s Pizza Enterprises is the largest pizza chain in Australia in terms of both network store numbers and network sales. It is also the largest franchisee for the Domino’s Pizza brand in the world. The company holds the exclusive master franchise rights for the Domino’s brand and network in Australia, New Zealand, Belgium, France, The Netherlands, Japan, Germany and Luxembourg with more than 2,500 stores.

The fast-food chain owner today released its 2020 half-year financial results showing a 29% increase in revenue and a profit of $69 million, up 30%. Domino’s will also pay an interim dividend of 66.7 cents per share, fully franked.

Speaking over the results, Domino’s CEO Don Meij took the opportunity to reflect on the growth of the chain in the past decade.

“We closed the last decade with more than 780 stores and $700m in total network sales,” Meij said. “We ended this decade with almost 2,600 stores, $3b in sales this year, and confidence the strategy that has delivered this performance will allow us to more than double our store count and network sales in the next decade.”

Looking towards the second half of its 2020 financial year Domino’s has already opened 11 stores and achieved same-store sales growth of 6.3%. The Domino’s ASX release noted, “The Company intends to build out the opportunity available in its existing markets, which have a population greater than the United States, and a GDP greater than China.”

2. Orica Ltd

Orica is one of the world’s largest providers of commercial explosives and blasting systems. It supplies its products to various industries including mining, quarrying and oil & gas. It is also a large supplier of sodium cyanide for gold extraction and it provides ground support for mining and tunneling. It has been operating since 1874, operates in over 100 countries and has around 11,500 employees.

Today, Orica announced it will acquire Peru’s leading manufacturer and distributor of industrial explosives, Exsa. Orica says the deal will give it a leading position in the Latin American Market, a market expected to grow at 4% annually until 2025.

Orica will pay a price of $US203 million ($302 million), which represents a valuation multiple of EBITDA of 14x.

To get the money and make the acquisition Orica shares have entered a trading halt as they prepare to sell an additional $500 million of shares to institutions and raise $100 million from smaller — but loyal — investors.

“We are very pleased to announce the acquisition of Exsa, which will immediately establish Orica as the number one player in Peru, Latin America’s highest growth market, and transform Orica’s entire Initiating Systems footprint,” CEO Alberto Calderon said.

3. Sonic Healthcare Limited

Sonic Healthcare is one of Australia’s largest healthcare businesses, it provides laboratory services, pathology, and radiology services. It is actually the world’s third-largest pathology/laboratory medicine company. It has operations in Australia, the USA, Germany, Belgium, Switzerland, the United Kingdom, Ireland and New Zealand.

Before the ASX’s open today, the medical company announced its 2020 half-year revenue and profit result showing growth of 15% and 14%, respectively, versus the same period last year.

The company maintained its policy of paying dividends in-line with profit results, notching up the half-year dividend by 1 cent (3%) from 33 cents per share to 34 cents per share.

Commenting on the growth drivers for the business, Sonic CEO Colin Goldschmidt, said: “Sonic Healthcare has reported record results for the half year, enhanced by the impacts of the Aurora Diagnostics acquisition completed in January 2019. The Aurora business has performed well since acquisition, in line with our expectations, and cost and revenue synergies are in train.”

[ls_content_block id=”14947″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content