I’m looking forward to reading a number of results during this reporting season. It will give an indication how things are going during this difficult COVID-19 period. The Rask Media team are providing widespread coverage of the results here
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Here are three ASX shares I’m excited to read:
Altium Limited (ASX: ALU)
Electronic software ASX tech share Altium is a very interesting one. Its client base is global with many of the world’s leading businesses like Amazon, Apple and Tesla. We already know that Altium’s revenue has grown 10% in FY20. The number of Altium Designer seats sold increased by 14% and there was record growth of 17% of the subscription base to more than 50,000 subscribers.
I’m interested to see what the subscriber growth push will have done to Altium’s margins. Has Altium increased its market share? Is it still aiming for US$500 million revenue by 2025? Hopefully the company’s research & development and its balance sheet are in a good position.
A2 Milk Company Ltd (ASX: A2M)
A2 Milk has been one of the best growth businesses over the past five years. But can it continue?
The infant formula business has just announced a new CEO. There are lots of reasons to love the company, but it also operates in a very competitive industry. Will its revenue be as high in the final quarter of FY20 as expected when so much stocking up occurred during the March 2020 quarter.
I’m very interested it know about how the ASX share is going in China and the US. Plus – what are its growth plans for Canada (and other markets)?
Wesfarmers Ltd (ASX: WES)
Wesfarmers is one of my preferred ASX 20 shares, perhaps my favourite. It offers defensive earnings, diversified segments, ecommerce growth and so on.
The company is expecting to show that, overall, it has produced a strong FY20 result as people bought supplies for DIY projects from Bunnings and home office supplies from Officeworks.
Is the ASX share looking to make any other acquisitions during this period? How do management think FY21 will go? – I’m guessing that there won’t be any guidance and there’s too much uncertainty. Even that response would be interesting.
If Wesfarmers pays a solid dividend then I think it could cement itself as the best ASX 20 share.
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