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ASX 200 To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.95% on Thursday.

Australian Dollar ($A) (AUDUSD): 69.21US cents

Dow Jones (DJI): up 0.94%

Oil (WTI): $US56.65 per barrel

Gold: $US1,389 per ounce

ASX Sharemarket News

In ASX sharemarket news, Boral Limited (ASX: BLD) is in the news this morning after announcing it has entered into a property development management deed with Mirvac Group (ASX: MGR) in relation to its Scoresby site in Victoria.

Mirvac will manage the urban development of the 171-hectare site over many decades, including a proposed new housing community and substantial new parklands.

Boral expects to receive approximately $66 million of EBITDA between now and FY26 (click here to learn what EBITDA means).

Boral CEO and Managing Director Mike Kane said: “Today’s announcement further demonstrates the embedded value of Boral’s land assets with potential development opportunities for those assets at or near the end of their operational life.”

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CSL Limited (ASX: CSL) has provided an update about its transition to its own ‘Good Supply Practice’ (GSP) License in China in FY20, which will allow the healthcare giant to own and sell products in the domestic Chinese market.

CSL has been importing albumin into China for more than 30 years, it’s the largest supplier. In FY18 albumin sales into this market were over $500 million.

After transitioning to the company’s own GSP distributor, product sales will be recorded at a later point in the cycle.

This will lead to lower one-off sales of albumin in FY20 of approximately $340 million to $370 million.

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Shopping centre business Vicinity Centres (ASX: VCX) has priced $400 million of six-year medium term notes with $225 million of that being at a fixed rate of 2.60%.

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