ASX 200 (XJO) To Open Higher, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.33% on Wednesday.

Australian Dollar ($A) (AUDUSD): 69.02US cents

Dow Jones (DJI): up 0.43%

Oil (WTI): $US54.94 per barrel

Gold: $US1,495 per ounce

ASX Sharemarket News

In ASX sharemarket news, ANZ (ASX: ANZ) reported its FY19 result.

ANZ said that its cash profit (with the businesses it continues to operate) was flat at $6.47 billion, but cash profit per share (EPS) grew by 2% to 227.6 cents. However, statutory net profit fell by 7% to $5.95 billion.

For investors wondering about the dividend, the final dividend was maintained at $0.80 per share, bringing the full year dividend to $1.60 per share. But the franking amount was reduced to 70%.

The net interest margin (NIM) dropped to 1.72% at the end of the second half, although the underlying NIM was 1.75%. Either way, it was a declined from 1.8% at the end of the first half.

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Bubs (ASX: BUB) has given its first quarter of FY20 sales update this morning.

The infant formula company said that Q1 sales revenue increased by 58% to $14.21 million. China direct export sales grew by 113% compared to the first quarter of FY19 and up 46% compared to the previous quarter. This was helped by the partnerships with Beingmate and Alibaba.

International market revenue grew by 973% and represented 8% of gross sales for the quarter.

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Resolute Mining (ASX: RSG) has given its quarterly activities report.

The gold miner said that it produced 103,201 ounces of gold at an all-in sustaining cost (AISC) of US$1202 per ounce.

Its guidance for FY19 is maintained at 400,000 ounces with AISC changed to US$1,020 per ounce.

At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

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