Coronavirus
FY20 result: Suncorp (ASX:SUN) shares soar 8%
The Suncorp Group Ltd (ASX:SUN) share price has soared 8% higher after the financials business released its FY20 report.
August 21, 2020
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Suncorp Group Ltd (ASX:SUN) share price has soared 8% higher after the financials business released its FY20 report.
BWX Ltd (ASX:BWX) shares are up 2% after the natural beauty business revealed strong profit growth in its FY20 report.
A2 Milk Company Ltd (ASX:A2M) shares are up more than 2% after it announced it may make an acquisition.
The TPG Telecom Ltd (ASX:TPG) share price is on watch after announcing its FY20 half year result after merging.
Qantas Airways Limited (ASX:QAN) has announced its FY20 result which saw a net loss of $2 billion.
The IDP Education Ltd (ASX:IEL) share price is going nuts. It’s up around 30% in reaction to the FY20 result.
The Pro Medicus Ltd (ASX:PME) share price is down more than 5% in reaction to the company’s FY20 result.
Retail conglomerate Wesfarmers Ltd (ASX:WES) has reported a solid FY20 profit result which saw $2 billion of ordinary profit generated.
Webjet Limited (ASX:WEB) released its FY20 result after the market shut, though the Webjet share price rose 7.6% on Wednesday.
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