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.
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?
The S&P/ASX 200 (ASX: XJO) finished the day trading at 7055.3, up 0.61%. Making ASX sharemarket news was Challenger Ltd (ASX:CGF), Transurban Group (ASX:TCL) and Northern Star Resources Ltd (ASX:NST).
Looking for ASX dividend share ideas to kickstart your portfolio leading into 2020?
Toll-road operator Atlas Arteria Group (ASX:ALX) has released its September quarter toll revenue and traffic statistics. Are Atlas Arteria shares a buy?
The RBA governor has suggested that the central bank may not cut interest rates further. What would this mean for ASX shares?
