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Transurban Group (ASX:TCL) owns and operates 15 toll roads in Melbourne, Sydney, and the greater Washington area. Revenue growth is derived from traffic growth and their very own rivers of gold – inflation protected toll prices. CityLink in Melbourne is Transurban’s biggest asset, in 2018 this accounted for approximately 32% of their total toll revenue – working out to be about twice the size of the roads in Brisbane.
The S&P/ASX 200 (INDXASX:XJO) is expected to open higher this morning. Commonwealth Bank (ASX:CBA), SEEK (ASX:SEK) and Transurban Group (ASX:TCL) are in the news.
Transurban Group (ASX: TCL) has just released its full-year FY20 results, with toll road traffic and revenues declining (as expected) due to COVID-19.
ASX reporting season will start to heat up this week as a number of big-name companies release FY20 results. CBA, Transurban and Telstra will be the ASX shares to watch.
Australia’s S&P/ASX 200 (INDEXASX: XJO) is tipped to open higher today. Here is the news and the ASX shares to watch Tuesday morning.
Transurban (ASX:TCL) shares are down 2.5% after giving the market an update.
The S&P/ASX 200 (INDEXASX: XJO) is expected to fall on Thursday. Kogan (ASX:KGN), Harvey Norman (ASX:HVN) and Transurban (ASX:TCL) shares are some to watch.
The S&P/ASX 200 (ASX: XJO) was traded 1.3% higher on Monday afternoon. Making today’s ASX sharemarket news was Westpac Banking Corp (ASX:WBC) and Transurban Group (ASX:TCL).
The Transurban (ASX:TCL) share price is down 4% in early trading after the toll road business announced its March 2020 traffic update.
Are Fortescue (ASX:FMG), Cochlear (ASX:COH), Pushpay (ASX:PPH) and Amcor Ltd (ASX:AMC) your COVID-19 “rebound” ASX shares?
