Today's ASX news
Hutchison Telecom Ltd (ASX:HTA) Shares Down 18% – Time To Buy?
The Hutchison Telecom Ltd (ASX:HTA) share price is down 18%, is it now worth buying?
December 13, 2018
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 Hutchison Telecom Ltd (ASX:HTA) share price is down 18%, is it now worth buying?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.25% at lunch.
The TPG Telecom Ltd (ASX: TPM) share price has fallen 15% due to the ACCC, it said it was concerned about the planned Vodafone merger.
Here are the stories from the S&P/ASX 200 (INDEXASX: XJO)(^AXJO) and Australian finance circles today.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.35% at lunch.
Sonic Healthcare Limited (ASX:SHL) has announced it is acquiring Aurora Diagnostics for $750 million.
The Commonwealth Bank of Australia (ASX:CBA) share price could be hit today after announcing additional Royal Commission costs.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.53% at lunch.
QBE Insurance Group Ltd (ASX:QBE) shareholders will be hoping a new round of cost-cutting can resurrect its share price.
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