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ASX 200 to slide: 9 shares you need to watch today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is tipped to fall 0.4% at the opening bell this morning, weighed down by concerns related to the strength of China’s property market.

Here’s a quick recap:

  • FTSE 100 (UK): down 0.92%
  • DAX (Germany): down 0.12%
  • CAC 40 (France): down 0.07%
  • Dow Jones (USA): up 0.20%
  • NASDAQ (USA): down 0.59%

Infant formula producer Bellamy’s Australia Ltd (ASX: BAL) looks set to remain in a trading halt as it prepares another market update. The shares could begin trading again today, or else tomorrow.

Estia Health Ltd (ASX: EHE), on the other hand, is expected to exit its trading halt today. The aged care operator announced a major capital raising yesterday and said it would not pay an interim dividend.

Retailer Lovisa Holdings Ltd (ASX: LOV) issued a trading update after the market closed on Monday. It said trading had continued to be strong since the October AGM, with same store sales growth for the year new exceeding 10%.

Trading should cool for travel insurance business Cover-More Group Ltd (ASX: CVO) which soared more than 42% yesterday off the back of a takeover announcement.

Technology business Freelancer Ltd (ASX: FLN) announced two acquisitions in Latin America, and could thus receive some attention from investors today.

Iron ore and oil businesses such as BHP Billiton Limited (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG) and Santos Ltd (ASX: STO) could benefit from another strong rise in those commodities.

Liquefied Natural Gas Ltd (ASX: LNG) will also likely be in focus again after its share price soared 11.7% on Monday. Flight Centre Travel Group Ltd (ASX: FLT) could also receive some attention after its shares fell into a nosedive yesterday.

Big, Fat, Dividends

This company’s dividend is almost the stuff of legends. Its reliable cash flows support a high payout ratio, and the company’s stash of franking credits are the cherry on the top of the dividend cake. Based on the last 12-months of dividends, shares are offering a fully-franked 6.5% yield, which grosses up to a whopping 9.3%, when those franking credits are included.

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Motley Fool contributor Ryan Newman owns shares of Bellamy's Australia. The Motley Fool Australia owns shares of Bellamy's Australia. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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